WD 40 CO
For the period ended Aug 31, 2026. Filed Oct 26, 2026.
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FY2026 · Filed Oct 26, 2026
WDFC$225.18+0.7%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| Fiscal Year Ended August 31, | |||
|---|---|---|---|
| 2026 | 2025 | 2024 | |
| Operating activities: | |||
| Net income | $82,346 | $90,994 | $69,644 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 10,371 | 8,191 | 9,456 |
| Amortization of cloud computing implementation costs | 1,816 | 1,688 | 1,221 |
| Deferred income taxes | (1,125) | (455) | (1,156) |
| Tax benefit from release of uncertain tax position | — | (11,929) | — |
| Stock-based compensation | 7,632 | 7,306 | 6,535 |
| Unrealized foreign currency exchange (gains) losses | (300) | 355 | 200 |
| Provision for credit losses | 1,136 | 929 | 325 |
| Write-off of inventories | 1,829 | 1,109 | 1,425 |
| Other | (188) | 244 | (241) |
| Changes in assets and liabilities: | |||
| Trade and other accounts receivable | (2,348) | 319 | (15,498) |
| Inventories | (1,524) | (5,212) | 6,414 |
| Other assets | (4,927) | (10,513) | (1,444) |
| Operating lease assets and liabilities, net | (322) | 33 | (35) |
| Accounts payable and accrued liabilities | 4,954 | 2,920 | 4,322 |
| Accrued payroll and related expenses | 5,130 | 1,881 | 8,879 |
| Other long-term liabilities and income taxes payable | 497 | 65 | 1,987 |
| Net cash provided by operating activities | 104,977 | 87,925 | 92,034 |
| Investing activities: | |||
| Purchases of property and equipment | (7,404) | (4,528) | (4,206) |
| Proceeds from sales of property and equipment | 753 | 409 | 672 |
| Proceeds from sale of business | — | 1,731 | — |
| Acquisition of business, net of cash acquired | — | — | (6,201) |
| Net cash used in investing activities | (6,651) | (2,388) | (9,735) |
| Financing activities: | |||
| Treasury stock purchases | (29,628) | (12,314) | (8,094) |
| Dividends paid | (54,032) | (50,260) | (47,201) |
| Repayments of long-term senior notes | (800) | (800) | (800) |
| Net proceeds from revolving credit facility | — | (7,859) | (25,402) |
| Shares withheld to cover taxes upon settlement of equity awards | (2,246) | (2,883) | (2,439) |
| Net cash used in financing activities | (86,706) | (74,116) | (83,936) |
| Effect of exchange rate changes on cash and cash equivalents | 857 | 10 | 193 |
| Net increase (decrease) in cash and cash equivalents | 12,477 | 11,431 | (1,444) |
| Cash and cash equivalents at beginning of period | 58,130 | 46,699 | 48,143 |
| Cash and cash equivalents at end of period | $70,607 | $58,130 | $46,699 |
| Supplemental cash flow information: | |||
| Accrued capital expenditures | $268 | $292 | $111 |
| Finance lease obligation settled with prepaid deposit | — | — | 3,855 |
| Cash paid for: | |||
| Interest | 2,780 | 3,522 | 4,459 |
| Income taxes, net of tax refunds received | 22,717 | 26,437 | 19,843 |
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