← ASTRONICS CORP
| 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 | $48.4m |
$19.7m
-59.36%
|
$46.8m
+137.83%
|
$52.0m
+11.14%
|
($115.8m)
-322.58%
|
($25.6m)
+77.91%
|
($35.7m)
-39.76%
|
($26.4m)
+26.09%
|
($16.2m)
+38.63%
|
$29.4m
+281.06%
|
— | |
| Depreciation, Depletion and Amortization | $25.8m | $27.1m | $35.0m | $33.0m | $31.9m | $29.0m | $27.8m | $26.1m | $24.5m | $21.8m | $22.1m | |
| Amortization of Debt Issuance Costs | — | — | — | — | — | — | — | $3.0m | $2.6m | $2.5m | — | |
| Amortization of Debt Issuance Costs and Discounts | — | — | — | — | — | — | — | $3.0m | $3.2m | $3.0m | — | |
| Amortization of Intangible Assets | $10.8m | $12.3m | $19.4m | $17.6m | $17.1m | $15.4m | $14.9m | $13.9m | $12.9m | $11.5m | — | |
| Depreciation | $14.3m | $14.1m | $15.0m | $13.7m | $13.3m | $12.7m | $12.0m | $12.2m | $11.5m | $10.2m | $22.1m | |
| Amortization of Deferred Financing Fees | — | — | — | — | — | $0 | $0 | $3.0m | $3.2m | $3.0m | — | |
| Deferred Income Tax Expense (Benefit) | ($4.8m) | ($5.5m) | ($2.7m) | ($14.4m) | $15.6m | ($441k) | $19k | $146k | ($20k) | ($1.4m) | ($175k) | |
| Deferred Tax (Benefit) Expense | ($4.8m) | ($5.5m) | ($2.7m) | ($14.4m) | $15.6m | ($441k) | $19k | $146k | ($20k) | ($1.4m) | — | |
| Share-based Payment Arrangement, Noncash Expense | $2.3m | $2.6m | $3.1m | $3.8m | $5.2m | $6.5m | $6.5m | $7.2m | $8.6m | $6.8m | $7.0m | |
| Share-based Payment Arrangement, Expense | $2.3m | $2.6m | $3.1m | $3.8m | $5.2m | $6.5m | $6.5m | $7.2m | $8.6m | $6.8m | $7.0m | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | $5.0m | $3.5m | $0 | $0 | — | — | — | — | |
| Goodwill, Impairment Loss | $0 | $16.2m | $0 | $1.6m | $86.3m | $0 | $0 | $0 | $0 | $0 | $0 | |
| Impairment of Intangible Assets (Excluding Goodwill) | $0 | $0 | $0 | — | $0 | — | — | — | $0 | $0 | — | |
| Operating Lease, Impairment Loss | — | — | — | $1.0m | $691k | $0 | — | $53k | $0 | — | — | |
| Restructuring Costs and Asset Impairment Charges | — | — | — | — | $92.3m | $798k | $195k | — | — | — | — | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | — | — | ($2.2m) | $738k | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $14.6m | $9.8m | $47.3m | ($34.1m) | ($53.9m) | $14.8m | $41.6m | $31.9m | $22.0m | $8.1m | ($19.5m) | |
| Provisions for Non-Cash Losses on Inventory and Receivables | $2.4m | $3.0m | $3.3m | $16.9m | $6.1m | $3.9m | $3.4m | $16.0m | $13.8m | $10.0m | — | |
| Accounts Receivable | ($14.6m) | ($9.8m) | ($47.3m) | $34.1m | $53.9m | ($14.8m) | ($41.6m) | ($31.9m) | ($22.0m) | ($8.1m) | ($19.5m) | |
| Increase (Decrease) in Inventories | $2.7m | $18.1m | $14.7m | $12.7m | $13.6m | $5.2m | $34.1m | $13.3m | $21.6m | $4.4m | ($21.4m) | |
| Inventories | ($2.7m) | ($18.1m) | ($14.7m) | ($12.7m) | ($13.6m) | ($5.2m) | ($34.1m) | ($13.3m) | ($21.6m) | ($4.4m) | ($21.4m) | |
| Increase (Decrease) in Accounts Payable | ($2.0m) | $10.4m | $9.2m | ($16.6m) | ($9.9m) | $8.6m | $27.8m | ($4.5m) | ($17.7m) | ($3.1m) | $9.0m | |
| Capital Expenditures in Accounts Payable | — | — | — | — | $0 | $0 | $490k | $0 | $0 | $2.0m | ($40.7m) | |
| Accrued Expenses | ($174k) | ($702k) | $9.2m | ($10.7m) | ($17.7m) | ($5.0m) | $787k | $4.6m | $22.0m | ($15.0m) | ($10.2m) | |
| Customer Advanced Payments and Deferred Revenue | ($15.5m) | ($4.9m) | $15.7m | ($11.9m) | ($7.0m) | ($235k) | $5.3m | ($4.8m) | $5.7m | ($4.2m) | — | |
| Gain (Loss) on Disposition of Other Assets | — | — | — | — | — | $5.1m | $0 | $0 | — | — | — | |
| Other Assets and Liabilities | — | — | — | — | — | $327k | ($145k) | $1.3m | $2.3m | $1.6m | — | |
| Other Operating Income (Expense), Net | — | — | ($1.7m) | ($6.1m) | ($5.0m) | ($2.2m) | ($1.6m) | $261k | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $48.9m |
$37.8m
-22.66%
|
$54.9m
+45.25%
|
$42.7m
-22.22%
|
$37.3m
-12.54%
|
($5.5m)
-114.81%
|
($28.3m)
-411.97%
|
($23.9m)
+15.41%
|
$30.6m
+227.62%
|
$74.8m
+144.70%
|
$64.8m
-13.42%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | — | — | $5.0m | $0 | $0 | — | — | $32.6m | |
| Capital Expenditures | ($13.0m) | ($13.5m) | ($16.3m) | ($12.1m) | ($7.5m) | ($6.0m) | ($7.7m) | ($7.6m) | ($8.4m) | ($31.7m) | ($40.7m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $0 | $114.0m | $0 | $28.9m | $0 | $0 | — | $0 | $0 | $22.1m | ($22.1m) | |
| Acquisitions of Businesses, Net of Cash Acquired | $0 | ($114.0m) | $0 | ($28.9m) | $0 | $0 | — | $0 | $0 | ($22.1m) | — | |
| Payments for (Proceeds from) Other Investing Activities | $1.6m | $2.0m | $3.4m | ($743k) | ($1.7m) | $0 | $0 | — | — | — | — | |
| Net Cash from Investing Activities | — | ($129.6m) | ($19.7m) | $64.6m | ($5.8m) | $3.2m | $14.4m | ($4.1m) | ($8.4m) | ($53.7m) | — | |
| Net Cash Provided by (Used in) Investing Activities | ($14.6m) | ($129.6m) | ($19.7m) | $64.6m | ($5.8m) | $3.2m | $14.4m | ($4.1m) | ($8.4m) | ($53.7m) | ($62.8m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | — | — | — | ($10.1m) | — | — | |
| Repayments of Long-term Debt | $41.8m | $23.7m | $72.8m | $156.1m | $170.2m | $30.0m | $124.8m | $131.2m | $374.9m | $111.1m | ($416.9m) | |
| Proceeds from Issuance of Long-term Debt | $20.0m | $147.1m | $35.0m | $117.0m | $155.0m | $20.0m | $125.8m | $139.7m | $377.4m | $186.1m | $440.0m | |
| Loss on Settlement of Debt | — | — | — | — | — | — | — | $0 | $10.1m | $32.6m | — | |
| Proceeds from Long-term Debt | $20.0m | $147.1m | $35.0m | $117.0m | $155.0m | $20.0m | $125.8m | $139.7m | $377.4m | $186.1m | — | |
| Principal Payments on Long-term Debt | ($41.8m) | ($23.7m) | ($72.8m) | ($156.1m) | ($170.2m) | ($30.0m) | ($124.8m) | ($131.2m) | ($374.9m) | ($111.1m) | — | |
| Proceeds from Issuance of Convertible Debt | — | — | — | — | — | — | — | $0 | $0 | $225.0m | — | |
| Payments for Repurchase of Common Stock | $17.6m | $32.4m | $0 | $50.8m | $7.7m | $0 | $0 | — | — | — | — | |
| Proceeds from Issuance of Common Stock | — | — | — | — | — | — | — | $21.3m | $0 | $0 | $0 | |
| Proceeds from (Payments for) Other Financing Activities | ($1.6m) | ($2.0m) | ($3.4m) | $1.6m | $2.2m | $3.9m | $3.1m | $1.9m | ($145k) | ($141k) | — | |
| Net Cash from Financing Activities | — | $91.4m |
($36.1m)
-139.52%
|
($92.2m)
-155.11%
|
($24.6m)
+73.34%
|
($7.5m)
+69.46%
|
($1.4m)
+81.19%
|
$25.4m
+1901.35%
|
($14.5m)
-157.13%
|
($22.4m)
-54.12%
|
— | |
| Net Cash Provided by (Used in) Financing Activities | — | $91.4m |
($36.1m)
-139.52%
|
($92.2m)
-155.11%
|
($24.6m)
+73.34%
|
($7.5m)
+69.46%
|
($1.4m)
+81.19%
|
$25.4m
+1901.35%
|
($14.5m)
-157.13%
|
($22.4m)
-54.12%
|
($16.5m)
+26.21%
|
|
| (Decrease) Increase in Cash and Cash Equivalents and Restricted Cash | — | $13k | ($1.3m) | $15.3m | $8.5m | ($10.7m) | ($16.0m) | ($2.5m) | $7.1m | ($248k) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $13k | ($1.3m) | $15.3m | $8.5m | ($10.7m) | ($16.0m) | ($2.5m) | $7.1m | ($248k) | $11.4m | |
| Cash and Cash Equivalents and Restricted Cash at Beginning of Year | — | — | — | — | — | $40.4m | $29.8m | $13.8m | $11.3m | $18.2m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $13k | ($1.3m) | $31.9m | $40.4m | $29.8m | $13.8m | $11.3m | $18.4m | ($248k) | $11.4m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($86k) | $366k | ($372k) | $147k | $1.5m | ($799k) | ($641k) | $156k | ($493k) | $1.1m | $487k | |
| Effect of Exchange Rates on Cash | ($86k) | $366k | ($372k) | $147k | $1.5m | ($799k) | ($641k) | $156k | ($493k) | $1.1m | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Proceeds from Stock Options Exercised | $3.8m | $441k | $2.2m | — | — | — | — | — | — | — | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $4.5m | $4.8m | $9.7m | $5.7m | $5.8m | $6.0m | $7.6m | $17.7m | $19.2m | $9.0m | — | |
| Income Taxes Paid, Net | $15.9m | $10.8m | $12.2m | $27.3m | ($1.5m) | ($1.2m) | ($10.0m) | $2.0m | $3.5m | $11.6m | — | |
| Additional Financial Items | ||||||||||||
| Gain (Loss) on Disposition of Business | — | — | — | $78.8m | $0 | $10.7m | $11.3m | $3.4m | $0 | $0 | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | ($19.6m) | $0 | ($8.4m) | ($500k) | $1.3m | — | — | — | |
| Goodwill | $115.2m | $125.6m | $125.0m | $145.0m | $58.3m | $58.3m | $58.2m | $58.2m | $58.1m | $62.9m | $0 | |
| Income Tax Expense (Benefit) | $20.4m | $5.3m | $5.5m | $16.3m | $3.4m | ($1.4m) | $6.0m | $110k | $8.3m | $2.6m | — | |
| Payments of Financing Costs | — | — | — | — | — | — | $2.4m | — | $12.2m | $10.4m | — | |
| Restructuring Costs | — | — | — | $6.5m | $1.2m | $267k | $0 | — | — | $6.2m | — | |
| Equity-based Compensation Expense | $2.3m | $2.6m | $3.1m | $3.8m | $5.2m | $6.5m | $6.5m | $7.2m | $8.6m | $6.8m | — | |
| Simplification Initiative-related Non-cash Charges | — | $0 | $0 | $6.5m | $1.2m | $267k | $0 | $0 | $0 | $6.2m | — | |
| Net Gain on Sale of Business, Before Taxes | — | $0 | $0 | ($78.8m) | $0 | ($10.7m) | ($11.3m) | ($3.4m) | $0 | $0 | — | |
| Non-cash 401K Contribution and Quarterly Bonus Accrual | — | — | — | — | — | $4.2m | $4.5m | $5.1m | $3.5m | $0 | — | |
| Non-cash Annual Stock Bonus Accrual | — | — | — | — | — | — | $0 | $2.8m | $0 | $0 | — | |
| Non-cash Litigation Provision Adjustment | — | — | — | — | — | $8.4m | $500k | ($1.3m) | $4.5m | $0 | — | |
| Non-cash Deferred Liability Recovery | — | — | — | — | — | $0 | $0 | ($5.8m) | $0 | $0 | — | |
| Income Taxes | $7.9m | ($376k) | ($4.5m) | $3.4m | ($10.4m) | $156k | $16.1m | ($1.9m) | $4.5m | ($7.9m) | — | |
| Operating Lease Liabilities | — | — | $0 | ($3.8m) | ($4.6m) | ($6.0m) | ($7.3m) | ($4.9m) | ($5.1m) | ($4.6m) | — | |
| Tenant Improvement Allowance Refund | — | — | — | — | — | — | — | $0 | $0 | $8.1m | — | |
| Cloud Computing Implementation Costs | — | — | — | — | — | — | — | $0 | $0 | ($1.1m) | — | |
| Supplemental Retirement Plan Liabilities | $1.5m | $1.3m | $1.9m | $1.5m | ($403k) | ($404k) | ($405k) | ($408k) | ($410k) | ($716k) | — | |
| Proceeds from Sale of Businesses and Assets | — | $0 | $0 | $104.9m | $0 | $9.2m | $22.1m | $3.5m | $0 | $0 | — | |
| Partial Repurchase of 2030 Convertible Notes | — | — | — | — | — | — | — | $0 | $0 | ($285.8m) | — | |
| Payments for Capped Call Transactions | — | — | — | — | — | — | — | $0 | $0 | ($26.9m) | — | |
| Financing-Related Costs | — | — | — | — | ($360k) | $0 | ($2.4m) | ($6.8m) | ($12.2m) | ($10.4m) | — | |
| Financing Settlement Costs | — | — | — | — | — | — | — | $0 | ($4.5m) | $0 | — | |
| Stock Award and Employee Stock Purchase Plan (“ESPP”) activity | — | $441k | $2.2m | ($545k) | $666k | $3.4m | $97k | $2.5m | ($241k) | $753k | — | |
| Proceeds from At-the-Market (“ATM”) Stock Sales | — | — | — | — | — | $0 | $0 | $21.3m | $0 | $0 | — |