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La-Z-Boy cash flow, quarter by quarter

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

Free cash flow−$7.6M in Q1 FY27 · $102M over twelve months

Operating cash flow$15.6M
Capital spending−$23.3M
Free cash flow−$7.6M
Cash conversion cycle64 days

Analysis

In Q1 FY27, La-Z-Boy generated $15.6M of operating cash flow and spent $23.3M on capital projects, leaving free cash flow of −$7.6M.

Over the twelve months to Jul 25, 2026, operating cash flow was $183M; the largest uses were acquisitions ($101M), capital spending ($81.1M), buybacks ($59.9M); besides operations, cash came from asset & business sales ($33.4M), other investing ($16.4M); the cash balance fell by $51.3M.

Operating cash flow was $15.6M against net income of −$2.0M. The largest differences: prepaid and other assets −$17.5M, payables +$15.0M, depreciation & amortization +$12.7M.

Its cash conversion cycle was 64 days (receivables 24 + inventory 77 − payables 37).

Free cash flow

La-Z-Boy: free cash flow by quarterLa-Z-Boy: free cash flow by quarter−$1.2MQ2 FY25$38.2MQ3 FY25$39.3MQ4 FY25$17.8MQ1 FY26$29.6MQ2 FY26$71.6MQ3 FY26$8.8MQ4 FY26−$7.6MQ1 FY27
Operating cash flow less capital spending.
La-Z-Boy: operating cash flow against capital spendingLa-Z-Boy: operating cash flow against capital spendingOperating cash flowCapital spending$15.9M$17.1MQ2 FY25$57.0M$18.8MQ3 FY25$62.0M$22.7MQ4 FY25$36.3M$18.5MQ1 FY26$50.0M$20.5MQ2 FY26$89.4M$17.8MQ3 FY26$28.4M$19.6MQ4 FY26$15.6M$23.3MQ1 FY27
Latest (Q1 FY27): Operating cash flow $15.6M, Capital spending $23.3M.

Capital allocation, year by year

La-Z-Boy: where the cash came from (up) and went (down), by fiscal yearLa-Z-Boy: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsBuybacksDividendsFY22: Operating cash flow $79.0MFY22: Net borrowing −$251KFY22: Asset sales $22.6MFY22: Capital spending −$76.6MFY22: Acquisitions −$26.3MFY22: Buybacks −$90.6MFY22: Dividends −$27.7M$102MFY22FY23: Operating cash flow $205MFY23: Net borrowing −$246KFY23: Asset sales $136KFY23: Capital spending −$68.8MFY23: Acquisitions −$16.8MFY23: Buybacks −$5.0MFY23: Dividends −$29.9M$205MFY23FY24: Operating cash flow $158MFY24: Net borrowing −$978KFY24: Asset sales $5.0MFY24: Capital spending −$53.6MFY24: Acquisitions −$39.4MFY24: Buybacks −$52.8MFY24: Dividends −$32.7M$163MFY24FY25: Operating cash flow $187MFY25: Net borrowing −$663KFY25: Asset sales $412KFY25: Capital spending −$74.3MFY25: Acquisitions −$29.5MFY25: Buybacks −$77.9MFY25: Dividends −$35.0M$188MFY25FY26: Operating cash flow $204MFY26: Net borrowing −$918KFY26: Asset sales $26.1MFY26: Capital spending −$76.3MFY26: Acquisitions −$86.4MFY26: Buybacks −$47.3MFY26: Dividends −$37.9M$230MFY26
Over these 5 years operating cash flow totalled $834M; the largest uses were capital spending ($350M) and buybacks ($274M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$267M
Debtnone
Net cash$267M

La-Z-Boy funds itself: free cash flow was $102M over the last twelve months, with $267M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

La-Z-Boy: sources (+) and uses (−) of cash, Q1 FY27La-Z-Boy: sources (+) and uses (−) of cash, Q1 FY27Cash drawn (+) / kept (−)$36.0MBuybacks−$25.1MCapital spending−$23.3MOther investing$18.4MAcquisitions−$15.7MOperating cash flow$15.6MDividends−$9.7MAsset & business sales$7.5MOther financing−$3.1MExchange rates−$511KNet borrowing (+) / repaid (−)−$219K
La-Z-Boy: sources (+) and uses (−) of cash, TTM to Q1 FY27La-Z-Boy: sources (+) and uses (−) of cash, TTM to Q1 FY27Operating cash flow$183MAcquisitions−$101MCapital spending−$81.1MBuybacks−$59.9MCash drawn (+) / kept (−)$51.3MDividends−$38.6MAsset & business sales$33.4MOther investing$16.4MOther financing−$2.1MNet borrowing (+) / repaid (−)−$912KExchange rates−$437K

From profit to cash

La-Z-Boy: net income to operating cash flow, Q1 FY27La-Z-Boy: net income to operating cash flow, Q1 FY27Net income−$2.0MDepreciation & amortization$12.7MStock-based pay$2.9MDeferred taxes$1.6MGains on disposals$7.1MInventory−$12.2MPayables$15.0MPrepaid and other assets−$17.5MOther liabilities−$8.4MOperating cash flow$15.6M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q1 FY2724773764
Q4 FY2620673355
Q3 FY2622683357
Q2 FY2623753266
Q1 FY2625823175
Q4 FY2521772970
Q3 FY2522913479
Q2 FY2522883278

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q1 FY27$15.6M−$23.3M−$15.7M−$25.1M−$9.7M−$219K$36.0M−$7.6M
Q4 FY26$28.4M−$19.6M—−$20.2M−$9.9M−$216K$2.9M$8.8M
Q3 FY26$89.4M−$17.8M−$85.8M−$13.7M−$10.0M−$245K$32.4M$71.6M
Q2 FY26$50.0M−$20.5M—−$809K−$9.1M−$232K−$20.0M$29.6M
Q1 FY26$36.3M−$18.5M−$627K−$12.5M−$9.0M−$225K$9.9M$17.8M
Q4 FY25$62.0M−$22.7M−$4.8M−$13.5M−$9.1M−$221K−$13.9M$39.3M
Q3 FY25$57.0M−$18.8M−$6.9M−$11.2M−$9.1M—−$11.5M$38.2M
Q2 FY25$15.9M−$17.1M−$11.0M−$19.5M−$8.4M−$146K$39.2M−$1.2M

La-Z-Boy: income statement and cash flow

La-Z-Boy, Q1 FY27: revenue $476M (-3% year over year), operating margin -0.4%. The chart follows the revenue to costs, profit and cash.

La-Z-Boy: 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.