Natural Grocers by Vitamin Cottage, Inc. (NGVC)

NGVC Cash Flow Statement

Financials in millions USD. Fiscal year is October - September.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Net Income	48.17	46.44	33.94	23.24	21.37	20.58
Depreciation & Amortization	32.1	31.81	30.93	28.91	27.91	29.63
Stock-Based Compensation	3.51	3.96	2.83	1.36	1.19	0.88
Other Adjustments	-0.21	-2.55	-1.99	0.19	3.63	2.25
Change in Receivables	-0.74	-0.41	-1.79	0.32	-2.97	0.03
Changes in Inventories	-4.91	-12.3	-1.41	-5.5	-13.21	-0.37
Changes in Accounts Payable	-5.58	-6.09	10.04	10.35	0.45	-2.64
Changes in Accrued Expenses	-4.03	1.39	2.78	6.33	0.15	1.59
Changes in Income Taxes Payable	-1.61	-0.6	0.25	0.38	-0.63	3
Changes in Other Operating Activities	-4.26	-6.36	-1.82	-0.96	1.83	-1.08
Operating Cash Flow	62.4	55.3	73.76	64.61	39.69	53.88
Operating Cash Flow Growth	-15.28%	-25.02%	14.17%	62.76%	-26.33%	-18.98%
Capital Expenditures	-45.09	-31.2	-37.54	-36.57	-28.04	-26.35
Sale of Property, Plant & Equipment	0.07	0.09	0.04	0.11	0.02	0.09
Purchases of Intangible Assets	-0.48	-0.18	-1.14	-1.53	-3.41	-1.94
Other Investing Activities	0.07	0.32	0.04	0.04	0.28	0.44
Investing Cash Flow	-45.43	-30.97	-38.6	-37.95	-31.14	-27.76
Short-Term Debt Issued	673.3	666.2	604.2	531.1	129	65.9
Short-Term Debt Repaid	-673.3	-666.2	-604.2	-531.1	-129	-65.9
Long-Term Debt Issued	-	-	-	-	-	35
Long-Term Debt Repaid	-3.69	-3.83	-11.3	-10.78	-10.72	-14.14
Net Long-Term Debt Issued (Repaid)	-3.69	-3.83	-11.3	-10.78	-10.72	20.86
Repurchase of Common Stock	-1.34	-1.25	-1.45	-0.49	-0.4	-0.39
Net Common Stock Issued (Repurchased)	-1.34	-1.25	-1.45	-0.49	-0.4	-0.39
Common Dividends Paid	-12.42	-11.01	-31.87	-9.09	-9.07	-51.45
Other Financing Activities	-	-	-0.02	-	-	-
Financing Cash Flow	-17.45	-16.09	-44.63	-20.35	-20.19	-30.98
Net Cash Flow	-0.49	8.25	-9.47	6.3	-11.64	-4.86
Free Cash Flow	17.31	24.1	36.22	28.04	11.66	27.53
Free Cash Flow Growth	-28.18%	-33.45%	29.18%	140.57%	-57.66%	-30.74%
FCF Margin	1.29%	1.81%	2.92%	2.46%	1.07%	2.61%
Free Cash Flow Per Share	0.74	1.04	1.57	1.23	0.51	1.21
Levered Free Cash Flow	11.11	19.28	25.87	15.39	-0.91	45.24
Unlevered Free Cash Flow	16.96	25.52	40.48	28.87	11.64	26.16

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q