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Tractor Supply Company logo

Tractor Supply Company Cash Flow Statement

Operating, investing, and financing cash movements

Tractor Supply Company generated $1.5B in operating cash flow over the trailing twelve months. After $956.1M in capital expenditures, free cash flow was $553.5M. Free cash flow decreased 0.3% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$1.5BNet Cash From Investing (TTM)-$688.9MNet Cash From Financing (TTM)-$828.2MCapital Expenditures (TTM)$956.1MDepreciation And Amortization Cf (TTM)$500.5MNet Change In Cash (TTM)$89.2M
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$16.4B
P/E Ratio8.41
ROE82.06%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired$0$140.6M———$0
Capital expenditures$246M$141.3M$210.4M$277.6M$265.6M$202.6M
Proceeds from disposals of property, plant and equipment$62.2M$20.9M$22.1M$49.3M$163.8M$31.3M
Proceeds from sale of assets$0$0$0$0$0—
Net cash from investing activities-$183.8M-$261.1M-$187.6M-$228.2M-$101.7M-$171.3M
Proceeds from sale of property, plant and equipment$62.2M$20.9M$22.1M$49.3M$163.8M$31.3M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts payable—$311.8M—$30.1M—$369.6M
Change in accrued liabilities$21.1M$2.6M-$18.5M$125.9M—-$11M
Change in income taxes payable/receivable-$7.3M$46.5M$113.8M-$102.5M-$63.8M$27.8M
Change in inventories—$355.5M—$162.5M—$499.5M
Change in other assets-$2.4M$11.3M$15.1M——$20M
Other working capital changes—-$9.4M-$44.2M-$7.9M-$9.1M-$8.6M
Deferred income taxes-$1.4M$1.7M-$25.7M$40.8M$44.5M$23.5M
Depreciation and amortization$120.1M$120.1M$122.1M$124.1M$127.8M$126.6M
Gain (loss) on sale of assets$23.7M$17.4M$16M$32.6M$27M$22.7M
Net cash from operating activities$517.2M$216.8M$785.8M$307.9M$324.8M$91.1M
Net income$236.4M$179.4M$430M$259.3M$1.1B$164.5M
Accrued compensation and employee benefits$47.8M-$83.7M$54.8M-$15.9M$58.4M-$93.9M
Increase (Decrease) in Prepaid Expense and Other Assets-$2.4M$11.3M$15.1M——$20M
Stock-based compensation$13.2M$13.2M$12.7M$15.3M$15.8M$17.6M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt$200M$605M$710M$875M$935M$1.5B
Repayments of debt$200M$355M$1.1B$805M$915M$1.1B
Dividends paid$117.3M$122.4M$122M$121.9M$121.4M$126.4M
Cash Outflow for Debt Issuance Cost$0$0$0$0$0—
Proceeds from exercises of stock options and other stock issuances$6.8M$7M$4.3M$7.3M$5M$9.6M
Proceeds from the issuance of debt$200M$605M$710M$875M$935M$1.5B
Repayments of Unsecured Debt$200M$355M$1.1B$805M$915M$1.1B
Net cash from financing activities-$268.2M$24.5M-$604.1M-$120.8M-$213.7M$110.4M
Payments for finance leases$3.5M$1.1M$988K$992K$0$717K
Proceeds from issuance of common stock$6.8M$7M$4.3M$7.3M$5M$9.6M
Repurchases of common stock$154M$95.1M$72.8M$74M$117.3M$118M
Taxes paid for net share settlement$323K$14M$522K$1.2M$181K$14.1M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$271.2M$75.5M$575.4M$30.3M$59.3M-$111.5M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income taxes paid$73.2M$0$42.8M$12.6M—$8.4M
Interest paid$29.4M$8.4M$30.5M$2.1M$28.7M$4.7M
Financed construction projects$7M$84.7M$46.1M——$154.8M
Total state income taxes, net of refunds$10.5M$1.7M———-$1.7M
Income Taxes Paid, Net$73.2M$0$42.8M$12.6M—$8.4M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net increase (decrease) in cash—-$19.8M-$5.9M-$41.2M—$30.2M
U.S. federal$77.4M$49.7M$49.7M$49.7M$49.7M—