Winmark Corporation (WINA) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 11.88M | 8.52M | 12.25M | 9.04M | 15.08M | 8.46M | 12.11M | 8.22M | 13.36M | 8.76M | 12.08M | 9.3M | 13.85M | 9.58M | 11.84M | 9.02M | 13.35M | 13.3M | 11.92M | 9.54M |
| Operating CF Margin % | 56.97% | 40.42% | 54.13% | 44.3% | 68.79% | 43.27% | 56.32% | 40.86% | 66.46% | 43.73% | 54.12% | 45.68% | 67.49% | 45.37% | 55.93% | 47.3% | 66.57% | 65.28% | 59.15% | 50.13% |
| Operating CF Growth % | -21.23% | 0.77% | 1.13% | 10.01% | 12.83% | -3.48% | 0.29% | -11.61% | -3.51% | -8.57% | 2.05% | 3.11% | 3.77% | -27.94% | -0.72% | -5.43% | -1.75% | 16.17% | 39.76% | 7.44% |
| Net Income | 9.25M | 9.96M | 11.14M | 10.6M | 9.96M | 9.58M | 11.12M | 10.43M | 8.82M | 9.72M | 11.15M | 10.37M | 8.94M | 10.18M | 10.37M | 9.03M | 9.85M | 11.59M | 10.08M | 8.94M |
| Depreciation & Amortization | 183.7K | 0 | 274K | 105.4K | 267.9K | 277.1K | 287.7K | 280.6K | 271K | 277.9K | 264.2K | 261.3K | 259.4K | 273.9K | 253.6K | 178.8K | 162.8K | 179.1K | 162.7K | 165.1K |
| Stock-Based Compensation | 614.1K | 0 | 601.3K | 529K | 536.6K | 529.8K | 517.7K | 454.6K | 485.9K | 501.4K | 509K | 466.1K | 475.9K | 448.6K | 432.4K | 349.8K | 421.6K | 361.3K | 376.1K | 312.9K |
| Deferred Taxes | 0 | -355.7K | 73.7K | 86.4K | 0 | -159.4B | 0 | 135.1K | 0 | -660.4K | 7.4K | 124.2K | 24.2K | -73K | -29.3K | -72.2K | -113.2K | 3.5K | -458.1K | -467.5K |
| Other Non-Cash Items | 393.6K | 1.42M | 120.8K | 1.14M | 0 | 159.4B | 8.3K | 943.4K | -1.5K | 298.5K | -14.6K | 753.9K | 73.1K | 1.24M | 59.5K | 1.34M | 616.9K | 4.65M | 2.07M | 3.21M |
| Working Capital Changes | 1.43M | -2.5M | 44.2K | -3.41M | 4.32M | -1.9M | 179.5K | -4.02M | 3.79M | -1.37M | 163.3K | -2.67M | 4.08M | -2.48M | 751.5K | -1.81M | 2.41M | -3.49M | -308.3K | -2.62M |
| Change in Receivables | -519K | 169.4K | 55K | 878.5K | -1.25M | 370.5K | 9.2K | 173.5K | -213.3K | 299.5K | -111.5K | 65.3K | 280.6K | 195K | 871.3K | 151.5K | -369.9K | 291.5K | -218.6K | 920.6K |
| Change in Inventory | -58.9K | -78.8K | 78.4K | -23.9K | 59.4K | 44.2K | -173.6K | 152.7K | -34.8K | -95.2K | 156K | -32.6K | 356.3K | -132.7K | -34.5K | -111.1K | -167.1K | 83.4K | -79.2K | -219.2K |
| Change in Payables | -616.4K | 300.5K | 182.9K | -353.7K | -18K | -38.7K | 122K | 182.4K | -423.1K | 24.5K | 56.5K | 194.7K | -678.3K | 212.1K | 20.6K | -6.7K | -203K | 110.4K | 530.6K | 58.7K |
| Cash from Investing | -14.6K | -19.6K | -66.8K | -54.7K | -51.2K | 0 | -4.3K | -102.7K | -87.9K | -99.2K | -187.8K | -91.4K | -5.5K | -59.7K | -27K | -3.56M | -21.5K | -153.1K | -3.2K | -27K |
| Capital Expenditures | -14.6K | -19.6K | -66.8K | -54.7K | -51.2K | 0 | -4.3K | -102.7K | -87.9K | -99.2K | -187.8K | -91.4K | -5.5K | -69.1K | -27K | -3.56M | -21.5K | -153.1K | -3.2K | -27K |
| CapEx % of Revenue | 0.07% | 0.09% | 0.3% | 0.27% | 0.23% | 1% | 0.02% | 0.51% | 0.44% | 0.5% | 0.84% | 0.45% | 0.03% | 0.33% | 0.13% | 18.68% | 0.11% | 0.75% | 0.02% | 0.14% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.4K | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -2.4M | -37.92M | -1.24M | -2.03M | -5.39M | -33.42M | -4.22M | -1.59M | -3.79M | -35.87M | -3.67M | -1.47M | -2.89M | -12.88M | -3.52M | 2.95M | -24.42M | -39.29M | 18.42M | -10.25M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | -6M | -1.06M | -1.06M | -1.06M | -1.06M | -1.06M | -1.06M | -1.06M | -1.06M | -1.06M | 15.34M | 12.54M | -1.06M | 28.94M | -1.06M |
| Equity Issued (Net) | 1.03M | 1.2M | 2.17M | 1.37M | -2.25M | 2.32M | 10.8K | 2.63M | 70K | 855.5K | 179.3K | 2.38M | 590.4K | -838.6K | -433.7K | -11.26M | -36.59M | -16.32M | -8.97M | -8.46M |
| Dividends Paid | -3.43M | -39.12M | -3.41M | -3.4M | -3.19M | -29.73M | -3.17M | -3.17M | -2.8M | -35.67M | -2.79M | -2.79M | -2.42M | -12.8M | -2.41M | -2.43M | -1.63M | -28.93M | -1.63M | -1.67M |
| Share Repurchases | 0 | 0 | 0 | -168.8K | -2.25M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -838.6K | -433.7K | -11.26M | -36.59M | -16.32M | -8.97M | -8.46M |
| Other Financing | 0 | 0 | 0 | 0 | 47.7K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.81M | 383.4K | 1.3M | 1.26M | 7.02M | 89K | 941.5K |
| Net Change in Cash | 9.47M | -29.41M | 10.94M | 6.96M | 9.64M | -24.96M | 7.89M | 6.53M | 9.49M | -27.21M | 8.22M | 7.74M | 10.95M | -3.36M | 8.29M | 8.41M | -11.09M | -26.15M | 30.34M | -736.6K |
| Free Cash Flow | 11.86M | 8.5M | 12.18M | 8.99M | 15.03M | 8.26M | 12.11M | 8.12M | 13.28M | 8.66M | 11.89M | 9.21M | 13.85M | 9.51M | 11.81M | 5.46M | 13.33M | 13.15M | 11.92M | 9.51M |
| FCF Margin % | 56.9% | 40.33% | 53.83% | 44.03% | 68.56% | 42.27% | 56.3% | 40.35% | 66.02% | 43.23% | 53.28% | 45.23% | 67.46% | 45.04% | 55.8% | 28.63% | 66.47% | 64.53% | 59.14% | 49.99% |
| FCF Growth % | -21.06% | 2.91% | 0.61% | 10.73% | 13.19% | -4.63% | 1.84% | -11.85% | -4.11% | -8.95% | 0.69% | 68.7% | 3.89% | -27.63% | -0.92% | -42.61% | -1.18% | 25.79% | 47.87% | 20.04% |
| FCF per Share | 3.20 | 2.30 | 3.30 | 2.45 | 4.09 | 2.25 | 3.30 | 2.22 | 3.63 | 2.35 | 3.25 | 2.53 | 3.85 | 2.68 | 3.34 | 1.53 | 3.59 | 3.50 | 3.15 | 2.48 |
| FCF Conversion (FCF/Net Income) | 1.28x | 0.86x | 1.10x | 0.85x | 1.51x | 0.88x | 1.09x | 0.79x | 1.52x | 0.90x | 1.08x | 0.90x | 1.55x | 0.94x | 1.14x | 1.00x | 1.35x | 1.15x | 1.18x | 1.07x |
| Interest Paid | 604K | 600.2K | 607.7K | 603.8K | 604K | 701.8K | 700.8K | 722.7K | 725.7K | 740.3K | 745.3K | 772.3K | 791.5K | 797.1K | 817.3K | 617.6K | 490.5K | 504.8K | 280.4K | 294.5K |
| Taxes Paid | 207.6K | 3.3M | 3.15M | 5.17M | 196.2K | 2.89M | 2.8M | 5.14M | 349.1K | 2.82M | 3.07M | 4.8M | 181.2K | 2.79M | 2.46M | 5.92M | 143.1K | 1.08M | 3.32M | 7.06M |