← ADTRAN Holdings, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $35.2m |
$23.8m
-32.33%
|
($19.3m)
-181.13%
|
($53.0m)
-173.92%
|
$2.4m
+104.49%
|
($8.6m)
-463.12%
|
($2.0m)
+76.41%
|
($267.7m)
-13041.29%
|
($459.9m)
-71.80%
|
($45.7m)
+90.07%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | — | — | — | — | — | — | ($456.9m) |
($41.6m)
+90.90%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | ($19.3m) | ($53.0m) | $2.4m | ($8.6m) | ($8.9m) | ($259.3m) | ($450.1m) | ($36.2m) | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | — | ($6.9m) | $8.3m | $9.8m | $9.4m | — | |
| Depreciation, Depletion and Amortization | $14.4m | $15.7m | $15.9m | $17.8m | $16.6m | $16.1m | $67.6m | $112.9m | $90.5m | $92.5m | $98.0m | |
| Amortization of Debt Issuance Costs | — | — | — | — | — | — | $288k | $862k | $4.0m | $1.4m | — | |
| Amortization of Intangible Assets | $2.5m | $2.9m | $2.3m | $5.3m | $4.4m | $4.1m | $47.3m | $82.8m | $63.0m | $62.9m | — | |
| Depreciation | $12.0m | $12.8m | $12.7m | $12.5m | $12.2m | $12.0m | $20.9m | $30.2m | $27.7m | $30.3m | $98.0m | |
| Deferred Income Tax Expense (Benefit) | ($2.7m) | $14.1m | ($17.3m) | $30.1m | ($1.4m) | ($1.8m) | ($62.4m) | $15.6m | $5.6m | ($3.8m) | ($5.4m) | |
| Share-based Payment Arrangement, Noncash Expense | $6.7m | $7.4m | $7.2m | $7.0m | $6.8m | $7.5m | $28.3m | $16.0m | $16.0m | $10.1m | $8.8m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | $1.0m | $1.9m | $4.3m | $6.5m | $1.1m | $1.5m | — | |
| Share-based Payment Arrangement, Expense | $6.7m | $7.4m | $7.2m | $7.0m | $6.8m | $7.5m | $28.3m | $16.0m | $16.0m | $10.1m | $8.8m | |
| Goodwill and Intangible Asset Impairment | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $37.9m | $297.4m | $0 | ($4.8m) | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Other Nonoperating Income (Expense) | ($651k) | ($1.6m) | $1.3m | $1.5m | ($3.3m) | $3.8m | $14.5m | $1.3m | $246k | ($1.6m) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $21.3m | $49.1m | ($49.2m) | ($8.3m) | $7.3m | $60.9m | ($788k) | ($65.6m) | ($46.1m) | $18.3m | ($33.7m) | |
| Increase (Decrease) in Inventories | $10.9m | $15.5m | ($24.2m) | ($1.3m) | $25.6m | $10.6m | $73.2m | ($20.5m) | ($80.0m) | ($64.5m) | $38.3m | |
| Inventory Write-down | — | — | — | — | — | — | — | $24.3m | $4.1m | — | — | |
| Increase (Decrease) in Accounts Payable | $26.7m | ($17.7m) | ($3.8m) | ($13.5m) | $4.5m | $53.3m | $28.1m | ($91.9m) | $10.2m | $18.0m | $35.2m | |
| Net Cash Provided by (Used in) Operating Activities | $42.0m |
($42.4m)
-200.90%
|
$55.5m
+230.85%
|
($2.5m)
-104.46%
|
($16.5m)
-568.20%
|
$3.0m
+118.21%
|
($44.2m)
-1570.35%
|
($45.6m)
-3.11%
|
$103.6m
+327.11%
|
$129.8m
+25.29%
|
$93.0m
-28.32%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $21.4m | $14.7m | $8.1m | $9.5m | $6.4m | $5.7m | $17.1m | $43.1m | $34.5m | $31.7m | ($69.9m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($22k) | $145k | ($67k) | ($67k) | $2k | $4k | ($152k) | ($458k) | ($1.4m) | ($228k) | ($7.5m) | |
| Cash, Cash Equivalents, and Short-term Investments | $123.1m | $102.6m | $108.7m | $107.0m | $63.3m | $57.0m | $108.9m | $87.2m | — | — | — | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | ($535k) | $58k | $401k | $82k | ($1.2m) | ($346k) | $0 | — | — | |
| Gain (Loss) on Investments | — | — | ($4.0m) | $11.4m | $4.8m | $1.8m | ($11.3m) | $2.8m | $3.6m | $3.0m | ($7.8m) | |
| Net Cash Provided by (Used in) Investing Activities | ($6.5m) | $66.0m | $285k | ($9.8m) | $41.4m | $10.3m | $55.8m | ($32.2m) | ($64.3m) | ($69.2m) | ($70.1m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $1.1m | $1.1m | $1.1m | $1.0m | — | — | — | — | — | — | ($190.0m) | |
| Payments for Repurchase of Common Stock | $25.8m | $17.3m | $15.5m | $184k | — | — | — | — | — | — | — | |
| Payments of Ordinary Dividends, Common Stock | $17.6m | $17.4m | $17.3m | $17.2m | $17.3m | $17.5m | $22.9m | $21.2m | $0 | — | $0 | |
| Payments of Dividends | $17.6m | $17.4m | $17.3m | — | — | — | — | — | — | — | $0 | |
| Net Cash Provided by (Used in) Financing Activities | ($39.8m) |
($22.4m)
+43.68%
|
($32.4m)
-44.69%
|
($17.9m)
+44.87%
|
($43.0m)
-140.50%
|
($13.0m)
+69.85%
|
$52.9m
+508.52%
|
$58.9m
+11.20%
|
($50.0m)
-184.96%
|
($46.7m)
+6.66%
|
($46.2m)
+0.96%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($4.3m) | $1.3m | ($4.3m) | ($30.1m) | ($18.1m) | $316k | $64.5m | ($18.9m) | ($9.1m) | $13.9m | $83.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | $60.2m | — | $108.6m | — | — | — | $83.0m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $575k | $555k | $534k | $512k | $24k | $13k | $1.7m | $12.6m | $20.9m | $13.3m | — | |
| Income Taxes Paid, Net | $18.7m | $3.0m | $4.1m | $9.4m | $7.6m | $1.8m | $3.8m | $18.6m | $6.7m | $5.4m | — | |
| Additional Financial Items | ||||||||||||
| Equity Securities, FV-NI, Gain (Loss) | — | — | ($3.5m) | $11.4m | $4.4m | $1.7m | ($10.1m) | $3.1m | $3.6m | — | — | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | $1.3m | ($96k) | ($2.4m) | ($992k) | ($1.7m) | $17k | $277k | — | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | ($4.8m) | $11.5m | $6.8m | $2.7m | ($8.5m) | $3.1m | $3.3m | — | — | |
| Goodwill | $3.5m | $3.5m | $7.1m | $7.0m | $7.0m | $7.0m | $381.7m | $353.4m | $52.9m | $60.0m | ($4.8m) | |
| Income Tax Expense (Benefit) | $11.7m | $20.8m | ($14.0m) | $28.2m | ($8.6m) | $2.3m | ($62.1m) | $28.1m | $7.3m | $5.0m | — | |
| Operating Lease, Expense | — | — | — | $3.9m | $2.5m | $2.0m | $5.0m | — | — | — | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | — | $619k | — | — | — | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | $4.7m | $13.4m | $1.5m | $526k | — | $6.4m | $6.9m | $540k | $824k | $1.8m | — | |
| Restructuring Costs | — | — | — | — | $12.2m | $12.7m | — | $25.1m | $44.7m | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.