For the quarter ending 2025-12-31, ESP had -$4,462,595 decrease in cash & cash equivalents over the period. -$4,133,110 in free cash flow.
| Cash Flow | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|
| Net income | 2,805,109 | 2,169,836 | 8,142,954 |
| Stock-based compensation | 51,638 | 74,440 | 346,281 |
| Depreciation | 127,539 | 117,879 | 451,523 |
| Esop compensation expense | 211,602 | 247,344 | 622,472 |
| Deferred income tax benefit | -112,215 | -107,509 | -306,865 |
| (gain)loss on disposal of property, plant and equipment | 304 | -2,016 | - |
| Increase in trade accounts receivable | 1,874,046 | -1,241,032 | 963,398 |
| (increase) decrease in inventories | 1,882,874 | 3,221,724 | -1,401,960 |
| (increase) decrease in prepaid expenses and other current assets | 16,606 | 157,286 | 1,702,160 |
| Increase (decrease) in accounts payable | 237,291 | 750,263 | -1,109,633 |
| Decrease in accrued salaries and wages | 61,907 | -319,715 | 257,224 |
| (decrease) increase in vacation accrual | -56,853 | -23,845 | 56,934 |
| Decrease in esop payable | -47,457 | -189,816 | - |
| (decrease) increase in other accrued expenses | -193,351 | -184,821 | -163,399 |
| Decrease in payroll and other taxes withheld | -152,429 | 58,973 | 36,594 |
| Increase in contract liabilities | -1,715,209 | 5,087,699 | 13,842,982 |
| (decrease) increase in income taxes payable | -255,145 | 175,324 | 77,903 |
| Net cash provided by operating activities | -2,811,403 | 5,720,090 | 20,991,372 |
| Additions to property, plant and equipment | 1,321,707 | 1,290,569 | 4,365,403 |
| Proceeds from grant award | 1,014,804 | 1,014,804 | 3,260,000 |
| Proceeds from sale of property, plant and equipment | 5,500 | - | - |
| Purchase of investment securities | 7,112,585 | 6,691,671 | 33,873,762 |
| Proceeds from sale/maturity of investment securities | 6,391,000 | 6,724,000 | 28,040,200 |
| Net cash used in investing activities | -1,022,988 | -243,436 | -6,938,965 |
| Dividends on common stock | 686,881 | 2,742,606 | 2,597,354 |
| Proceeds from exercise of stock options | 58,677 | 623,534 | 3,055,622 |
| Net cash used in financing activities | -628,204 | -2,119,072 | 458,268 |
| Increase in cash and cash equivalents | -4,462,595 | 3,357,582 | 14,510,675 |
| Cash and cash equivalents at beginning of period | 22,220,227 | 18,862,645 | - |
| Cash and cash equivalents at end of period | 17,757,632 | 22,220,227 | - |
ESPEY MFG & ELECTRONICS CORP (ESP)
ESPEY MFG & ELECTRONICS CORP (ESP)