For the quarter ending 2026-03-31, TNC had -$23,800K decrease in cash & cash equivalents over the period. -$34,400K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 200 | -4,400 | 14,900 | 33,300 |
| Depreciation expense | 11,400 | 11,800 | 11,300 | 21,900 |
| Amortization expense | 3,500 | 3,500 | 3,400 | 6,800 |
| Deferred income tax benefit | 3,300 | -5,900 | 10,300 | -200 |
| Share-based compensation expense | 1,500 | 1,800 | 2,800 | 5,800 |
| Bad debt and returns expense | 500 | 2,700 | 1,100 | 3,300 |
| Other, net | -100 | -800 | -200 | -300 |
| Receivables | 25,200 | 7,400 | -13,900 | 2,400 |
| Inventories | 11,700 | -2,600 | 16,000 | 8,300 |
| Accounts payable | -2,500 | 14,200 | -9,900 | -6,200 |
| Employee compensation and benefits | -2,100 | -7,000 | 7,100 | -13,900 |
| Other assets and liabilities | 10,200 | -1,500 | 10,400 | 18,300 |
| Net cash used in operating activities | -31,200 | 14,200 | 28,700 | 22,100 |
| Purchases of property, plant and equipment | 3,200 | 4,500 | 6,400 | 10,800 |
| Proceeds from sale of property, plant and equipment | - | 0 | 1,500 | - |
| Purchase of investment | - | 0 | 0 | 0 |
| Payments made in connection with business acquisition, net of cash acquired | 7,200 | 0 | 3,200 | 0 |
| Investment in leased assets | 100 | 100 | 100 | 200 |
| Cash received from leased assets | 200 | 200 | 500 | 400 |
| Net cash used in investing activities | -10,300 | -4,400 | -7,700 | -10,600 |
| Proceeds from borrowings | 105,000 | 45,000 | 25,000 | 15,000 |
| Repayments of borrowings | 20,000 | 10,000 | 0 | 800 |
| Payment of debt financing costs | - | 0 | 0 | - |
| Change in finance lease obligations | - | 0 | - | - |
| Repurchases from exercise of stock options, net of employee tax withholdings obligations of 2.9 and 2.6, respectively | -2,300 | 0 | -100 | -2,400 |
| Repurchases of common stock | 60,000 | 32,200 | 22,700 | 33,600 |
| Dividends paid | 5,500 | 5,500 | 5,400 | 11,000 |
| Net cash provided by (used in) financing activities | 17,200 | -2,700 | -3,200 | -32,800 |
| Effect of exchange rate changes on cash and cash equivalents | 500 | -100 | 1,500 | 1,600 |
| Net decrease in cash and cash equivalents | -23,800 | 7,000 | 19,300 | -19,700 |
| Cash and cash equivalents at beginning of period | 106,400 | 99,400 | 99,800 | - |
| Cash and cash equivalents at end of period | 82,600 | 106,400 | 99,400 | - |
TENNANT CO (TNC)
TENNANT CO (TNC)