← APOGEE ENTERPRISES, 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 earnings | $85.8m |
$79.5m
-7.35%
|
$45.7m
-42.51%
|
$61.9m
+35.50%
|
$15.4m
-75.07%
|
$3.5m
-77.42%
|
$104.1m
+2886.43%
|
$99.6m
-4.32%
|
$85.1m
-14.62%
|
$54.1m
-36.36%
|
— | |
| Depreciation and amortization | $35.6m | $54.8m | $49.8m | $46.8m | $51.4m | $50.0m | $42.4m | $41.6m | $44.6m | $50.0m | $50.1m | |
| Deferred income taxes | ($1.1m) | $3.2m | ($5.5m) | $10.5m | ($6.5m) | ($8.0m) | ($7.2m) | ($9.7m) | $3.8m | $15.5m | $14.3m | |
| Share-based compensation | $6.0m | $6.2m | $6.3m | $6.6m | $8.6m | $6.3m | $8.7m | $9.7m | $10.7m | $8.2m | $8.3m | |
| Impairment of long-lived assets | — | — | — | $0 | $70.1m | $49.5m | $0 | $0 | $7.6m | $11.5m | — | |
| Receivables | $3.5m | $18.2m | $18.2m | ($4.2m) | $21.6m | $7.5m | ($58.8m) | $24.0m | ($508k) | ($12.4m) | $8.0m | |
| Inventories | ($6.4m) | $11.5m | $5.1m | $7.1m | ($1.4m) | ($7.7m) | $1.7m | $9.4m | ($5.8m) | ($5.3m) | $2.2m | |
| Accounts payable | — | — | — | — | — | $14.7m | ($5.5m) | ($2.7m) | $9.6m | $5.5m | ($11.2m) | |
| Capital expenditures in accounts payable | $3.3m | $1.8m | $1.7m | $2.2m | $1.1m | $2.3m | $2.9m | $3.6m | $3.3m | $4.2m | ($26.4m) | |
| Accrued compensation and benefits | — | — | — | — | — | $912k | ($1.8m) | $2.1m | ($11.8m) | ($9.1m) | — | |
| Accrued income taxes | — | — | — | — | — | — | ($7.0m) | $6.5m | ($5.1m) | $3.9m | — | |
| Other current assets and liabilities | $392k | ($3.7m) | ($2.1m) | ($3.1m) | ($1.3m) | $1.3m | ($5.8m) | $1.1m | $8.8m | ($26.1m) | — | |
| Net cash provided by operating activities | $124.0m |
$127.5m
+2.79%
|
$96.4m
-24.35%
|
$107.3m
+11.24%
|
$141.9m
+32.26%
|
$100.5m
-29.18%
|
$102.7m
+2.21%
|
$204.2m
+98.79%
|
$125.2m
-38.69%
|
$122.5m
-2.15%
|
$149.7m
+22.22%
|
|
| Capital expenditures | ($68.1m) | ($53.2m) | ($60.7m) | ($51.4m) | ($26.2m) | ($21.8m) | ($45.2m) | ($43.2m) | ($35.6m) | ($27.3m) | ($26.4m) | |
| Proceeds from sales of property, plant and equipment | $1.7m | $1.4m | $12.3m | $5.3m | $25.1m | $30.6m | $7.8m | $293k | $693k | $1.6m | — | |
| Purchases of marketable securities | ($3.7m) | ($10.2m) | ($9.2m) | ($7.0m) | ($3.6m) | ($1.0m) | $0 | ($3.0m) | ($2.4m) | ($9.7m) | — | |
| Sales/maturities of marketable securities | $36.4m | $10.5m | $6.1m | $7.8m | $2.7m | $1.6m | $9.7m | $2.2m | $3.6m | $4.8m | — | |
| Net cash used by investing activities | ($183.8m) | ($225.7m) | ($53.7m) | ($47.0m) | ($2.1m) | $9.3m | ($27.7m) | ($43.7m) | ($265.9m) | ($30.5m) | — | |
| Payments of debt issuance costs | — | — | — | — | — | — | $0 | $0 | ($3.8m) | $0 | — | |
| Repurchase of common stock | ($10.8m) | ($33.7m) | ($43.3m) | ($25.1m) | ($32.9m) | ($100.4m) | ($74.3m) | ($11.8m) | ($45.4m) | ($15.0m) | — | |
| Dividends paid | ($14.7m) | ($16.4m) | ($17.9m) | ($18.7m) | ($19.6m) | ($20.3m) | ($19.7m) | ($21.1m) | ($21.7m) | ($22.2m) | ($22.3m) | |
| Net cash (used by) provided by financing activities | $18.7m |
$98.3m
+426.92%
|
($32.3m)
-132.87%
|
($74.5m)
-130.51%
|
($107.9m)
-44.77%
|
($120.6m)
-11.77%
|
($91.0m)
+24.51%
|
($144.6m)
-58.87%
|
$146.0m
+201.00%
|
($96.2m)
-165.85%
|
— | |
| (Decrease) increase in cash and cash equivalents | ($41.1m) | $63k | $10.4m | ($14.3m) | $31.8m | ($10.8m) | ($16.0m) | $15.7m | $4.2m | ($1.9m) | — | |
| Cash and cash equivalents at beginning of period | $27.3m | $19.4m | $29.2m | $15.0m | $47.3m | $37.6m | $21.5m | $37.2m | $41.4m | $39.5m | — | |
| Effect of exchange rates on cash | $88k | ($167k) | ($519k) | $1k | $485k | $1.1m | ($73k) | ($129k) | ($1.1m) | $2.3m | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Settlement of New Markets Tax Credit transaction | — | — | — | — | $0 | $0 | ($19.5m) | ($4.7m) | $0 | ($6.7m) | — | |
| Non-cash lease expense | — | — | — | $12.4m | $12.2m | $12.4m | $11.9m | $11.7m | $13.7m | $6.6m | — | |
| Other, net | ($2.7m) | $2.2m | $395k | ($3.2m) | ($2.3m) | ($2.0m) | ($4.1m) | ($3.8m) | ($6.1m) | ($6.2m) | — | |
| Contract assets | $3.9m | $1.1m | ($48.7m) | ($18.5m) | $44.2m | ($897k) | ($3.2m) | $9.9m | ($22.6m) | $12.6m | — | |
| Contract liabilities | ($10.0m) | ($16.5m) | $9.0m | $11.3m | ($10.4m) | ($14.3m) | $17.5m | $6.6m | $598k | $25.6m | — | |
| Operating lease liability | — | $0 | $0 | ($10.8m) | ($11.5m) | ($12.7m) | ($12.1m) | ($12.6m) | ($12.7m) | ($9.7m) | — | |
| Acquisition of business, net of cash acquired | ($137.9m) | ($182.8m) | $0 | $0 | — | — | $0 | $0 | ($232.2m) | $0 | — | |
| Proceeds from revolving credit facilities | — | $385.7m | $363.0m | $229.0m | $198.6m | $0 | $485.9m | $197.0m | $77.2m | $93.0m | — | |
| Repayment on revolving credit facilities | — | — | — | — | — | — | ($327.9m) | ($304.8m) | ($57.2m) | ($143.0m) | — | |
| Proceeds from term loans | — | — | — | — | — | — | $0 | $0 | $250.0m | $0 | — | |
| Repayment of term loans | — | — | — | — | — | — | — | $0 | ($47.0m) | ($2.7m) | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.