WD 40 CO
For the period ended Aug 31, 2025. Filed Oct 27, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Oct 27, 2025
WDFC$225.18+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| Fiscal Year Ended August 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Operating activities: | |||
| Net income | $90,994 | $69,644 | $65,993 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 8,191 | 9,456 | 8,151 |
| Amortization of cloud computing implementation costs | 1,688 | 1,221 | 270 |
| Deferred income taxes | (455) | (1,156) | (1,254) |
| Tax benefit from release of uncertain tax position | (11,929) | — | — |
| Stock-based compensation | 7,306 | 6,535 | 6,434 |
| Unrealized foreign currency exchange losses (gains), net | 355 | 200 | (1,702) |
| Provision for credit losses | 929 | 325 | 391 |
| Write-off of inventories | 1,109 | 1,425 | 713 |
| Other | 244 | (241) | (90) |
| Changes in assets and liabilities: | |||
| Trade and other accounts receivable | 319 | (15,498) | (5,339) |
| Inventories | (5,212) | 6,414 | 19,367 |
| Other assets | (10,513) | (1,444) | (1,637) |
| Operating lease assets and liabilities, net | 33 | (35) | 49 |
| Accounts payable and accrued liabilities | 2,920 | 4,322 | (213) |
| Accrued payroll and related expenses | 1,881 | 8,879 | 4,965 |
| Other long-term liabilities and income taxes payable | 65 | 1,987 | 2,293 |
| Net cash provided by operating activities | 87,925 | 92,034 | 98,391 |
| Investing activities: | |||
| Purchases of property and equipment | (4,528) | (4,206) | (6,871) |
| Proceeds from sales of property and equipment | 409 | 672 | 655 |
| Proceeds from sale of business | 1,731 | — | — |
| Acquisition of business, net of cash acquired | — | (6,201) | — |
| Net cash used in investing activities | (2,388) | (9,735) | (6,216) |
| Financing activities: | |||
| Treasury stock purchases | (12,314) | (8,094) | (10,434) |
| Dividends paid | (50,260) | (47,201) | (44,581) |
| Repayments of long-term senior notes | (800) | (800) | (800) |
| Net repayments from revolving credit facility | (7,859) | (25,402) | (28,372) |
| Shares withheld to cover taxes upon conversion of equity awards | (2,883) | (2,439) | (861) |
| Net cash used in financing activities | (74,116) | (83,936) | (85,048) |
| Effect of exchange rate changes on cash and cash equivalents | 10 | 193 | 3,173 |
| Net increase (decrease) in cash and cash equivalents | 11,431 | (1,444) | 10,300 |
| Cash and cash equivalents at beginning of period | 46,699 | 48,143 | 37,843 |
| Cash and cash equivalents at end of period | $58,130 | $46,699 | $48,143 |
| Supplemental cash flow information: | |||
| Accrued capital expenditures | $292 | $111 | $80 |
| Finance lease obligation settled with prepaid deposit | — | 3,855 | — |
| Cash paid for: | |||
| Interest | 3,522 | 4,459 | 5,522 |
| Income taxes, net of tax refunds received | 26,437 | 19,843 | 12,811 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.