For the quarter ending 2026-02-28, MLKN had -$5,800K decrease in cash & cash equivalents over the period. $39,000K in free cash flow.
| Cash Flow | 2026-02-28 | 2025-11-29 | 2025-08-30 |
|---|---|---|---|
| Net earnings | 24,500 | 25,200 | 21,100 |
| Depreciation and amortization | 38,100 | 36,600 | 35,400 |
| Stock-based compensation | 5,900 | 5,800 | 9,300 |
| Amortization of deferred financing costs | 700 | 600 | 800 |
| Bad debt expense | 1,300 | - | - |
| Loss on extinguishment of debt | -200 | 0 | -7,800 |
| Deferred taxes | 0 | 200 | -300 |
| Gain on sale of property | 0 | - | - |
| Restructuring expense | 2,200 | 1,500 | 500 |
| Impairment expense | 0 | - | - |
| Increase in current assets | 3,800 | 19,100 | 1,600 |
| Decrease in current liabilities | -8,200 | 15,900 | -61,400 |
| Other, net | 200 | -2,100 | -2,200 |
| Net cash provided by operating activities | 61,100 | 64,600 | 9,400 |
| Proceeds from sale of property | 0 | - | - |
| Advances of notes receivable | 0 | 0 | 0 |
| Collection of notes receivable | 5,500 | 700 | 600 |
| Capital expenditures | 22,100 | 30,600 | 30,700 |
| Other, net | 900 | -100 | 400 |
| Net cash used in investing activities | -17,500 | -29,800 | -30,500 |
| Repayments of long-term debt | 21,800 | 2,500 | 603,100 |
| Proceeds from issuance of debt, net of costs | 17,400 | 0 | 544,400 |
| Payments of deferred financing costs | 800 | 200 | 1,200 |
| Proceeds from credit facility | 192,300 | 318,000 | 341,600 |
| Repayments of credit facility | 243,800 | 372,700 | 272,700 |
| Proceeds from securitization facility | 16,000 | 97,100 | - |
| Repayments to securitization facility | 100 | 42,800 | - |
| Dividends paid | 12,700 | 12,900 | 12,700 |
| Common stock issued | 2,200 | 700 | 900 |
| Common stock repurchases and payments for taxes related to net share settlement of equity awards | 100 | 5,000 | 7,200 |
| Distribution to noncontrolling interest | 3,100 | - | - |
| Other, net | -700 | 900 | 800 |
| Net cash used in financing activities | -55,200 | -19,400 | -9,200 |
| Effect of exchange rate changes on cash and cash equivalents | 5,800 | -2,200 | 3,800 |
| Net decrease in cash and cash equivalents | -5,800 | 13,200 | -26,500 |
| Cash and cash equivalents, beginning of period | 180,400 | 167,200 | 193,700 |
| Cash and cash equivalents, end of period | 174,600 | 180,400 | 167,200 |
MILLERKNOLL, INC. (MLKN)
MILLERKNOLL, INC. (MLKN)