WINMARK CORPORATION (WINA) FY2026 YTD Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2025-12-28 to 2026-09-26

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WINMARK CORPORATION cash flow reconciliation, Dec 28, 2025 through Sep 26, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net Income → Net cash from operating activities: $31,467,700.00Compensation expense related to stock options → Operating adjustments reconciliation: $1,917,200.00Accrued and other liabilities → Operating adjustments reconciliation: $1,763,500.00Tax benefits on exercised stock options → Operating adjustments reconciliation: $898,800.00Depreciation of property and equipment → Operating adjustments reconciliation: $281,300.00Operating lease right of use asset amortization → Operating adjustments reconciliation: $279,200.00Amortization of intangible assets → Operating adjustments reconciliation: $265,500.00Accounts payable → Operating adjustments reconciliation: $150,900.00Deferred income taxes → Operating adjustments reconciliation: $102,600.00Deferred revenue → Operating adjustments reconciliation: $96,900.00Operating adjustments reconciliation → Net cash from operating activities: $4,080,700.00Operating adjustments reconciliation → Receivables: $769,800.00Operating adjustments reconciliation → Inventories: $426,700.00Operating adjustments reconciliation → Income tax receivable/payable: $335,000.00Operating adjustments reconciliation → Prepaid expenses: $121,600.00Operating adjustments reconciliation → Other assets: $22,100.00Net cash used in investing activities → investing reconciliation: $2,549,100.00investing reconciliation → Capitalized software: $2,272,400.00investing reconciliation → Purchase of property and equipment: $276,700.00Net cash used in financing activities → financing reconciliation: $15,345,800.00Proceeds from exercises of stock options → financing reconciliation: $3,497,200.00financing reconciliation → Dividends paid: $10,751,400.00financing reconciliation → Repurchases of common stock: $8,091,600.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $10,460,700.00Net cash from operating activities → Cash sources and uses: $35,548,400.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $28,114,200.00Cash sources and uses → Net cash used in investing activities: $2,549,100.00Cash sources and uses → Net cash used in financing activities: $15,345,800.00Net Income: $31,467,700.00Net Income+$31.47 MDepreciation of property and equipment: $281,300.00Depreciation expense+$281.30 KAmortization of intangible assets: $265,500.00Intangible amortization+$265.50 KCompensation expense related to stock options: $1,917,200.00Stock-based compensation+$1.92 MDeferred income taxes: $102,600.00Deferred taxes & credits+$102.60 KOperating lease right of use asset amortization: $279,200.00Operating lease amortization+$279.20 KTax benefits on exercised stock options: $898,800.00Option exercise tax benefits+$898.80 KReceivables: -$769,800.00Accounts receivable−$769.80 KIncome tax receivable/payable: -$335,000.00Income taxes, net−$335.00 KInventories: -$426,700.00Inventories−$426.70 KPrepaid expenses: -$121,600.00Prepaid expenses−$121.60 KOther assets: -$22,100.00Other current assets−$22.10 KAccounts payable: $150,900.00Accounts payable+$150.90 KAccrued and other liabilities: $1,763,500.00Other accrued liabilities+$1.76 MDeferred revenue: $96,900.00Deferred revenue+$96.90 KNet cash from operating activities: $35,548,400.00Operating cash+$35.55 MOperating adjustments reconciliation: $5,755,900.00Repurchases of common stock: -$8,091,600.00Common stock repurchases−$8.09 MProceeds from exercises of stock options: $3,497,200.00Stock option exercises+$3.50 MDividends paid: -$10,751,400.00Dividends paid−$10.75 MNet cash used in financing activities: -$15,345,800.00. Cash required to fund net payments.Financing cash−$15.35 Mfinancing reconciliation: $18,843,000.00Capitalized software: -$2,272,400.00Software spending−$2.27 MPurchase of property and equipment: -$276,700.00PP&E purchases−$276.70 KNet cash used in investing activities: -$2,549,100.00. Cash required to fund net payments.Investing cash−$2.55 Minvesting reconciliation: $2,549,100.00Cash sources and uses: $46,009,100.00Beginning cash: Cash, cash equivalents, and restricted cash: $10,460,700.00Beginning cash$10.46 MEnding cash: Cash, cash equivalents, and restricted cash: $28,114,200.00Ending cash$28.11 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$35.27 MOperating cash − cash spent on PP&ECash flow / Net income1.13×Operating cash flow ÷ net incomeNet cash change+$17.65 MEnding cash − beginning cash
Chart details

WINMARK CORPORATION cash flow reconciliation, Dec 28, 2025 through Sep 26, 2026

Cash flows for Dec 28, 2025 through Sep 26, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 27, 2025. Ending cash: Sep 26, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 27, 2025
10,460,700 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
35,548,400 US dollars. Net cash provided.
Net Income
31,467,700 US dollars
Depreciation of property and equipment
281,300 US dollars
Amortization of intangible assets
265,500 US dollars
Compensation expense related to stock options
1,917,200 US dollars
Deferred income taxes
102,600 US dollars
Operating lease right of use asset amortization
279,200 US dollars
Tax benefits on exercised stock options
898,800 US dollars
Receivables
negative 769,800 US dollars
Income tax receivable/payable
negative 335,000 US dollars
Inventories
negative 426,700 US dollars
Prepaid expenses
negative 121,600 US dollars
Other assets
negative 22,100 US dollars
Accounts payable
150,900 US dollars
Accrued and other liabilities
1,763,500 US dollars
Deferred revenue
96,900 US dollars
Investing activities
negative 2,549,100 US dollars. Net cash used.
Capitalized software
negative 2,272,400 US dollars
Purchase of property and equipment
negative 276,700 US dollars
Financing activities
negative 15,345,800 US dollars. Net cash used.
Repurchases of common stock
negative 8,091,600 US dollars
Proceeds from exercises of stock options
3,497,200 US dollars
Dividends paid
negative 10,751,400 US dollars
Operating adjustment reconciliation
5,755,900 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
18,843,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
2,549,100 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Sep 26, 2026
28,114,200 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
46,009,100 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
17,653,500 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.13×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
35,548,400 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
276,700 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
35,271,700 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $4.08M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 35,548,400 US dollars minus 276,700 US dollars equals 35,271,700 US dollars.
WINMARK CORPORATION (WINA) FY2026 YTD Q3 Statement of Cash Flows Sankey chart
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