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Flexsteel Industries cash flow, quarter by quarter

Latest: Q1 FY27 · from the cash-flow statements filed with the SEC

Free cash flow−$2.4M in Q1 FY27 · $42.4M over twelve months

Operating cash flow−$1.5M
Capital spending−$965K
Free cash flow−$2.4M
Cash / net income-0.3×
Cash conversion cycle91 days

Analysis

In Q1 FY27, Flexsteel Industries generated −$1.5M of operating cash flow and spent $965K on capital projects, leaving free cash flow of −$2.4M. That is $5.2M less than in Q1 FY26 ($2.8M).

Over the twelve months to Sep 30, 2026, operating cash flow was $45.9M; the largest uses were other financing ($64.8M), taxes on employees’ shares ($7.5M), dividends ($4.4M); besides operations, cash came from shares issued ($40K), asset & business sales ($36K); the cash balance fell by $34.2M.

Operating cash flow was −$1.5M against net income of $5.4M — -0.3× profit, less cash than reported earnings, worth checking against working capital. The largest differences: accrued liabilities −$7.8M, inventory −$2.2M, prepaid and other assets −$1.6M.

Its cash conversion cycle was 91 days (receivables 34 + inventory 95 − payables 37).

Free cash flow

Flexsteel Industries: free cash flow by quarterFlexsteel Industries: free cash flow by quarter$5.8MQ2 FY25$10.9MQ3 FY25$15.1MQ4 FY25$2.8MQ1 FY26−$735KQ2 FY26$21.6MQ3 FY26$23.9MQ4 FY26−$2.4MQ1 FY27
Operating cash flow less capital spending.
Flexsteel Industries: operating cash flow against capital spendingFlexsteel Industries: operating cash flow against capital spendingOperating cash flowCapital spending$6.7M$907KQ2 FY25$12.3M$1.4MQ3 FY25$15.6M$568KQ4 FY25$4.1M$1.4MQ1 FY26$1.0M$1.7MQ2 FY26$22.1M$440KQ3 FY26$24.3M$402KQ4 FY26−$1.5M$965KQ1 FY27
Latest (Q1 FY27): Operating cash flow −$1.5M, Capital spending $965K.

Capital allocation, year by year

Flexsteel Industries: where the cash came from (up) and went (down), by fiscal yearFlexsteel Industries: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingDividendsFY22: Operating cash flow $8.0MFY22: Shares issued $117KFY22: Asset sales $1.9MFY22: Capital spending −$3.9MFY22: Dividends −$3.9M$10.0MFY22FY23: Operating cash flow $23.0MFY23: Net borrowing −$9.5MFY23: Asset sales $340KFY23: Capital spending −$4.8MFY23: Dividends −$3.2M$23.3MFY23FY24: Operating cash flow $31.9MFY24: Net borrowing −$23.5MFY24: Shares issued $88KFY24: Asset sales $4.2MFY24: Capital spending −$4.8MFY24: Dividends −$3.2M$36.1MFY24FY25: Operating cash flow $37.0MFY25: Net borrowing −$4.9MFY25: Shares issued $141KFY25: Asset sales $11.5MFY25: Capital spending −$3.3MFY25: Dividends −$3.6M$48.7MFY25FY26: Operating cash flow $51.5MFY26: Shares issued $70KFY26: Asset sales $21KFY26: Capital spending −$3.9MFY26: Dividends −$4.4M$51.6MFY26
Over these 5 years operating cash flow totalled $151M; the largest uses were net borrowing ($37.8M) and capital spending ($20.6M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$4.4M
Debtnone
Net cash$4.4M

Flexsteel Industries funds itself: free cash flow was $42.4M over the last twelve months, with $4.4M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

Flexsteel Industries: sources (+) and uses (−) of cash, Q1 FY27Flexsteel Industries: sources (+) and uses (−) of cash, Q1 FY27Cash drawn (+) / kept (−)$12.3MTaxes on employees’ shares−$6.5MNet borrowing (+) / repaid (−)−$3.0MOperating cash flow−$1.5MDividends−$1.1MCapital spending−$965KOther financing$816KAsset & business sales$15K
Flexsteel Industries: sources (+) and uses (−) of cash, TTM to Q1 FY27Flexsteel Industries: sources (+) and uses (−) of cash, TTM to Q1 FY27Other financing−$64.8MOperating cash flow$45.9MCash drawn (+) / kept (−)$34.2MTaxes on employees’ shares−$7.5MDividends−$4.4MCapital spending−$3.5MShares issued$40KAsset & business sales$36K

From profit to cash

Flexsteel Industries: net income to operating cash flow, Q1 FY27Flexsteel Industries: net income to operating cash flow, Q1 FY27Net income$5.4MDepreciation & amortization$1.1MStock-based pay$1.1MDeferred taxes$38KGains on disposals−$15KReceivables$1.1MInventory−$2.2MPayables$6KAccrued liabilities−$7.8MPrepaid and other assets−$1.6MOther liabilities−$159KOperating cash flow−$1.5M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q1 FY2734953791
Q4 FY2633963496
Q3 FY2633892795
Q2 FY2630922993
Q1 FY2629963096
Q4 FY2529922596
Q3 FY2530902298
Q2 FY253210024108

Every quarter

QuarterOperating cash flowCapital spendingDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q1 FY27−$1.5M−$965K−$1.1M−$3.0M—$12.3M−$2.4M
Q4 FY26$24.3M−$402K−$1.1M——$40.6M$23.9M
Q3 FY26$22.1M−$440K−$1.1M—$40K−$20.5M$21.6M
Q2 FY26$1.0M−$1.7M−$1.1M——$1.8M−$735K
Q1 FY26$4.1M−$1.4M−$1.1M—$30K$1.4M$2.8M
Q4 FY25$15.6M−$568K−$901K——−$17.4M$15.1M
Q3 FY25$12.3M−$1.4M−$895K——−$10.8M$10.9M
Q2 FY25$6.7M−$907K−$886K−$3.7M—−$6.0M$5.8M

Flexsteel Industries: income statement and cash flow

Flexsteel Industries, Q1 FY27: revenue $114M (+3% year over year), operating margin 6.0%. The chart follows the revenue to costs, profit and cash.

Flexsteel Industries: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.