Douglas Dynamics, Inc. (PLOW)

Douglas Dynamics Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	46.9	56.15	23.72	38.61	30.69
Depreciation & Amortization	15.36	17.89	21.66	20.94	20.32
Stock-Based Compensation	6.72	4.86	0.95	6.73	5.79
Other Adjustments	18.86	-36.33	12.82	-3.8	9.08
Change in Receivables	-6.1	-4.35	2.68	-14.25	12.09
Changes in Inventories	-0.67	3.36	-3.89	-32.48	-24.28
Changes in Accounts Payable	3.39	0.99	-17.12	21.52	10.42
Changes in Accrued Expenses	4.45	2.05	-8.15	1.32	0.04
Changes in Other Operating Activities	-14.22	-3.49	-20.21	1.45	-3.63
Operating Cash Flow	74.69	41.13	12.47	40.03	60.54
Operating Cash Flow Growth	81.59%	229.87%	-68.85%	-33.87%	13.43%
Capital Expenditures	-11.13	-7.81	-10.52	-12.05	-11.21
Payments for Business Acquisitions	-26.33	-	-	-	-
Other Investing Activities	-	64.6	-	-	-
Investing Cash Flow	-37.46	56.79	-10.52	-12.05	-11.21
Short-Term Debt Issued	5	-47	47	-	-
Net Short-Term Debt Issued (Repaid)	5	-47	47	-	-
Long-Term Debt Issued	148.77	-	-	-	224.44
Long-Term Debt Repaid	-153.31	-42	-18.44	-11.25	-249.94
Net Long-Term Debt Issued (Repaid)	-4.54	-42	-18.44	-11.25	-25.5
Repurchase of Common Stock	-6.16	-	-	-6	-
Net Common Stock Issued (Repurchased)	-6.16	-	-	-6	-
Common Dividends Paid	-27.94	-27.48	-27.44	-27.03	-26.52
Other Financing Activities	-0.41	-0.48	0.42	-	-1.37
Financing Cash Flow	-34.05	-116.96	1.54	-44.28	-53.39
Net Cash Flow	3.18	-19.04	3.49	-16.29	-4.07
Free Cash Flow	63.56	33.32	1.95	27.98	49.33
Free Cash Flow Growth	90.74%	1610.52%	-93.04%	-43.27%	26.88%
FCF Margin	9.69%	5.86%	0.34%	4.54%	9.11%
Free Cash Flow Per Share	2.69	1.42	0.08	1.22	2.15
Levered Free Cash Flow	44.53	-19.86	14.05	28.06	-3.14
Unlevered Free Cash Flow	53.3	80.4	-1.79	48.59	37.04

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q