USA TODAY Co. Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1.76	-26.39	-27.89	-78.26	-136.17
Depreciation & Amortization	165.76	156.29	162.62	182.02	203.96
Stock-Based Compensation	9.15	12.52	16.57	16.75	18.44
Other Adjustments	-44.66	-59.01	-26.84	-65.81	116.15
Change in Receivables	17.17	25.84	34.14	44.94	-33.25
Changes in Inventories	8.11	4.62	18.51	-7.43	-2.82
Changes in Accrued Expenses	-20.48	-1.93	-65.09	-23.65	-33.46
Changes in Unearned Revenue	-2.28	-17.28	-29.97	-30.08	0.93
Changes in Other Operating Activities	-20.13	5.65	12.54	2.29	-6.32
Operating Cash Flow	114.39	100.31	94.57	40.78	127.45
Operating Cash Flow Growth	14.04%	6.07%	131.94%	-68.01%	120.62%
Capital Expenditures	-51.49	-49.53	-38.12	-45.38	-39.56
Sale of Property, Plant & Equipment	55.3	20.98	85.3	83.5	111.77
Proceeds from Sale of Investments	6.16	1.05	-	-	-
Payments for Business Acquisitions	-	-	-	-15.43	-0.13
Other Investing Activities	-1	-0.44	-0.2	-0.57	-1.43
Investing Cash Flow	8.97	-27.95	46.98	22.12	70.65
Long-Term Debt Issued	15	837.78	-	80	1,935
Long-Term Debt Repaid	-150.17	-892.94	-133.82	-170.99	-2,171
Net Long-Term Debt Issued (Repaid)	-135.17	-55.16	-133.82	-90.99	-236.12
Repurchase of Common Stock	-3.06	-3.14	-2.64	-6.56	-3.24
Net Common Stock Issued (Repurchased)	-3.06	-3.14	-2.64	-6.56	-3.24
Other Financing Activities	-0.61	-2.61	-7.98	-5.32	-21.81
Financing Cash Flow	-139.84	-68.85	-135.51	-102.87	-261.17
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-1.89	2.06	-0.23	1.15	-0.04
Net Cash Flow	-18.37	5.57	5.81	-38.82	-63.11
Free Cash Flow	62.9	50.78	56.46	-4.6	87.89
Free Cash Flow Growth	23.88%	-10.06%	-	-	322.66%
FCF Margin	2.73%	2.02%	2.12%	-0.16%	2.74%
Free Cash Flow Per Share	0.43	0.36	0.40	-0.03	0.65
Levered Free Cash Flow	-53.93	16.3	-101.12	-91.23	-248.35
Unlevered Free Cash Flow	-58.89	116.87	624.9	43.58	291.66

Updated Feb 26, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.