INTERFACE INC
For the period ended Dec 28, 2025. Filed Feb 25, 2026.
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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 Feb 25, 2026
TILE$31.88-0.3%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
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| FISCAL YEAR | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| OPERATING ACTIVITIES: | |||
| Net income | $116,098 | $86,946 | $44,517 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Depreciation and amortization | 38,916 | 39,333 | 40,774 |
| Share-based compensation expense | 14,385 | 12,907 | 10,265 |
| Loss (gain) on disposal of property, plant and equipment, net | — | 264 | (2,252) |
| Loss on foreign subsidiary liquidation | — | 2,152 | 6,221 |
| Loss on debt extinguishment | 2,440 | — | — |
| Bad debt expense | 1,441 | 1,476 | 53 |
| Deferred income taxes | (12,958) | (3,034) | (10,082) |
| Other | (4,715) | (8,480) | 1,273 |
| Amortization of acquired intangible assets | 3,073 | 5,172 | 5,172 |
| Working capital changes: | |||
| Accounts receivable | 4,620 | (13,872) | 21,798 |
| Inventories | 2,102 | 10,467 | 31,040 |
| Prepaid expenses and other current assets | 590 | (3,079) | (302) |
| Accounts payable and accrued expenses | 1,914 | 18,178 | (6,443) |
| Cash provided by operating activities | 167,906 | 148,430 | 142,034 |
| INVESTING ACTIVITIES: | |||
| Capital expenditures | (46,192) | (33,788) | (26,107) |
| Proceeds from sale of property, plant and equipment | — | 1,040 | 6,593 |
| Insurance proceeds from property casualty loss | — | 2,374 | — |
| Cash used in investing activities | (46,192) | (30,374) | (19,514) |
| FINANCING ACTIVITIES: | |||
| Term loan borrowings | 170,000 | — | — |
| Term loan repayments | (390) | (115,213) | (80,927) |
| Revolving loan borrowings | 41,701 | 34,243 | 90,000 |
| Revolving loan repayments | (35,515) | (34,243) | (114,381) |
| Senior notes repayment | (300,000) | — | — |
| Repurchase of common stock | (18,175) | — | — |
| Dividends paid | (3,559) | (2,338) | (2,323) |
| Tax withholding payments for share-based compensation | (8,372) | (4,770) | (1,514) |
| Payments for debt extinguishment costs | (620) | — | — |
| Debt issuance costs | (1,303) | — | — |
| Finance lease payments | (3,059) | (2,913) | (2,419) |
| Cash used in financing activities | (159,292) | (125,234) | (111,564) |
| Net cash (used in) provided by operating, investing and financing activities | (37,578) | (7,178) | 10,956 |
| Effect of exchange rate changes on cash | 9,675 | (4,094) | 1,978 |
| CASH AND CASH EQUIVALENTS: | |||
| Net (decrease) increase | (27,903) | (11,272) | 12,934 |
| Balance, beginning of year | 99,226 | 110,498 | 97,564 |
| Balance, end of year | $71,323 | $99,226 | $110,498 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.