← ARGAN INC
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | $77.4m |
$72.3m
-6.56%
|
$51.9m
-28.30%
|
($40.7m)
-178.49%
|
$23.8m
+158.49%
|
$35.7m
+49.96%
|
$34.7m
-2.81%
|
$32.4m
-6.76%
|
$85.5m
+164.10%
|
$137.8m
+61.22%
|
$161.3m
+17.07%
|
|
| Depreciation | $2.0m | $2.8m | $3.4m | $3.5m | $3.7m | $3.4m | $3.0m | $2.0m | $1.9m | $1.9m | $2.5m | |
| Deferred income tax expense | $1.2m | ($64k) | ($2.1m) | ($6.6m) | $7.6m | ($208k) | ($3.2m) | $1.3m | $1.9m | $6.3m | $5.1m | |
| Stock compensation expense | $2.3m | $4.7m | $1.6m | $2.1m | $2.9m | $3.5m | $4.0m | $4.5m | $4.5m | $7.9m | — | |
| Settlements of share-based awards, net of withholding taxes paid | $36.9m | $44.3m | $3.9m | $3.1m | — | $13.9m | $66k | $1.1m | ($6.3m) | ($8.4m) | — | |
| Accounts receivable | $9.2m | ($39.6m) | ($10.2m) | ($1.0m) | $8.5m | ($480k) | ($23.2m) | $2.8m | ($128.6m) | $42.3m | ($30.7m) | |
| Accounts payable and accrued expenses | $59.5m | ($6.2m) | ($60.2m) | ($3.3m) | $31.4m | ($5.7m) | $9.1m | $14.8m | $66.2m | $28.6m | — | |
| Changes in accrued interest on investments | ($698k) | ($1.1m) | $695k | $714k | $444k | $29k | ($1.7m) | ($3.9m) | $1.2m | $901k | — | |
| Other | $517k | ($136k) | ($996k) | $175k | $641k | $424k | $7k | $198k | $869k | ($1.7m) | — | |
| Other assets | ($668k) | ($4.6m) | ($15.2m) | $2.4m | ($12.8m) | ($241k) | ($3.3m) | ($1.0m) | ($7.7m) | ($13.3m) | — | |
| Net cash provided by operating activities | $259.0m |
($72.8m)
-128.10%
|
($112.3m)
-54.30%
|
$53.6m
+147.69%
|
$174.7m
+226.11%
|
$28.4m
-83.73%
|
($30.1m)
-205.79%
|
$116.9m
+488.74%
|
$167.6m
+43.41%
|
$414.7m
+147.47%
|
$492.8m
+18.83%
|
|
| Purchases of property, plant and equipment | ($2.8m) | ($4.8m) | ($8.6m) | ($7.1m) | ($1.7m) | ($1.4m) | ($3.4m) | ($2.8m) | ($6.6m) | ($3.9m) | — | |
| Purchases of short-term investments | ($595.0m) | ($542.5m) | ($191.0m) | ($195.0m) | ($100.0m) | ($90.0m) | ($249.8m) | ($115.0m) | ($175.0m) | ($150.0m) | — | |
| Maturities of short-term investments | $354.0m | $587.5m | $370.0m | $166.0m | $170.0m | $90.0m | $190.0m | $159.8m | $130.0m | $150.0m | — | |
| Investments in solar energy projects | — | — | — | — | ($1.3m) | ($5.0m) | — | ($5.1m) | ($16.3m) | ($11.5m) | — | |
| Investments in solar energy projects not yet paid | — | — | — | — | — | — | — | $3.3m | $11.5m | — | — | |
| Net cash used in investing activities | ($243.8m) | $38.7m | $170.6m | ($36.1m) | $68.3m | ($7.0m) | ($63.1m) | ($67.6m) | ($193.6m) | ($182.0m) | ($274.4m) | |
| Common stock repurchases | — | — | — | — | — | ($20.4m) | ($68.2m) | ($12.5m) | ($1.5m) | ($9.9m) | — | |
| Payments of cash dividends | — | ($15.5m) | ($15.6m) | ($15.6m) | ($47.0m) | ($15.7m) | ($14.0m) | ($14.7m) | ($18.3m) | ($24.3m) | — | |
| Net cash used in financing activities | ($8.9m) |
($13.6m)
-53.76%
|
($15.5m)
-14.08%
|
($14.0m)
+9.97%
|
($45.4m)
-224.54%
|
($34.6m)
+23.78%
|
($82.8m)
-139.26%
|
($26.1m)
+68.54%
|
($26.1m)
-0.04%
|
($42.6m)
-63.44%
|
($58.2m)
-36.74%
|
|
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | $6.3m | ($45.1m) | $42.2m | $3.0m | $199.3m | ($16.2m) | ($176.5m) | $23.1m | ($51.8m) | $194.2m | ||
| CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | $167.2m | $122.1m | $164.3m | $167.4m | $366.7m | $350.5m | $173.9m | $197.0m | $145.3m | $339.5m | ||
| EFFECTS OF EXCHANGE RATE CHANGES ON CASH | ($85k) | $2.6m | ($553k) | ($471k) | $1.7m | ($3.0m) | ($539k) | ($116k) | $322k | $4.1m | ||
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Non-cash lease expense | — | — | — | — | — | — | $2.6m | $1.9m | $3.8m | $4.3m | — | |
| Contract assets | — | ($6.6m) | ($44.5m) | $25.0m | $6.7m | $21.7m | ($19.9m) | ($23.4m) | $19.8m | ($15.0m) | — | |
| Contract liabilities | — | ($129.8m) | ($39.3m) | $64.3m | $99.4m | ($44.2m) | ($31.6m) | $84.8m | $118.2m | $214.7m | — | |
| Purchases of available-for-sale securities | — | — | — | — | — | — | — | ($104.5m) | ($139.9m) | ($226.6m) | — | |
| Maturities of available-for-sale securities | — | — | — | — | — | — | — | — | $19.2m | $55.0m | — | |
| Repayment of note receivable | — | — | — | — | — | — | — | — | — | $5.0m | — | |
| Issuance of note receivable | — | — | — | — | — | — | — | — | ($5.0m) | — | — | |
| Right-of-use assets obtained in exchange for lease obligations | — | — | — | — | — | $3.5m | $3.7m | $2.4m | $3.7m | $5.3m | — | |
| Cash paid for income taxes, net of refunds | $36.9m | $44.3m | $3.9m | $3.1m | — | $13.9m | $6.7m | $14.3m | $30.8m | $29.5m | — | |
| Cash paid for operating leases | $259.0m | ($72.8m) | ($112.3m) | $53.6m | $174.7m | $3.3m | $2.6m | $1.9m | $3.8m | $4.2m | $492.8m |