← AUDIOCODES LTD
| 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 | $16.2m |
$4.0m
-75.18%
|
$13.5m
+234.81%
|
$4.0m
-70.53%
|
$27.2m
+585.14%
|
$33.8m
+23.87%
|
$28.5m
-15.66%
|
$8.8m
-69.16%
|
$15.3m
+74.38%
|
$9.0m
-41.51%
|
— | |
| Depreciation and amortization | $2.9m | $2.4m | $2.3m | $2.0m | $2.3m | $2.4m | $3.0m | $2.6m | $3.9m | $4.2m | $4.5m | |
| Amortization of Intangible Assets | $1.2m | $832k | $747k | $352k | $332k | $358k | $804k | $545k | $532k | $470k | — | |
| Depreciation | $1.7m | $1.6m | $1.6m | $1.7m | $1.9m | $2.1m | $2.2m | $2.1m | $3.4m | $3.8m | $4.5m | |
| Deferred Income Tax Expense (Benefit) | ($9.5m) | $4.9m | $2.3m | ($16.3m) | $8.7m | $3.5m | $2.0m | $1.5m | ($4.5m) | $1.8m | — | |
| Share-based Payment Arrangement, Noncash Expense | $2.4m | $2.3m | $3.3m | $5.3m | $8.8m | $14.2m | $15.1m | $11.4m | $8.2m | $6.5m | $6.0m | |
| Share-based Payment Arrangement, Expense | $2.4m | $2.3m | $3.3m | $5.3m | $8.8m | $14.2m | $15.1m | $11.4m | $8.2m | $6.5m | $6.0m | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | — | $0 | $0 | — | |
| Other Nonoperating Income (Expense) | ($160k) | ($10k) | $228k | ($1.8m) | ($1.7m) | $123k | $2.9m | — | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | ($174k) | ($3.4m) | $220k | $5.2m | $7.0m | $14.4m | $20.6m | ($1.6m) | $3.8m | $8.7m | $118k | |
| Increase (Decrease) in Inventories | ($445k) | $230k | $6.3m | $5.9m | ($1.5m) | $4.5m | ($12.7m) | ($7.8m) | ($12.3m) | ($9.3m) | $2.4m | |
| Inventory Write-down | $2.2m | $1.9m | $1.9m | $4.5m | $4.2m | $1.7m | — | $1.1m | $4.8m | $3.3m | — | |
| Net Cash Provided by (Used in) Operating Activities | $18.3m |
$17.8m
-3.15%
|
$25.6m
+43.99%
|
$23.2m
-9.43%
|
$38.5m
+66.07%
|
$47.3m
+23.05%
|
$8.3m
-82.51%
|
$14.9m
+79.82%
|
$35.3m
+136.74%
|
$29.4m
-16.71%
|
$27.1m
-7.71%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $1.5m | $1.6m | $1.3m | $1.9m | $1.5m | $1.2m | $1.5m | $6.0m | $24.3m | $6.5m | ($5.5m) | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | — | — | — | — | — | ($882k) | $0 | — | |
| Marketable Securities, Unrealized Gain (Loss) | $349k | $17k | $12k | $32k | — | ($1.4m) | ($5.4m) | $218k | $882k | $0 | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $0 | $0 | — | — | — | — | — | — | — | — | $0 | |
| Net Cash Provided by (Used in) Investing Activities | $14.1m | $8.4m | ($1.1m) | $29.6m | ($139.3m) | $42.6m | ($19.7m) | $20.0m | $17.8m | ($1.5m) | $13.8m | |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common Stock | $29.4m | $25.6m | $14.3m | $8.0m | $0 | $41.9m | $38.1m | $18.3m | $14.3m | $30.6m | — | |
| Proceeds from Issuance of Common Stock | $0 | — | — | — | $85.4m | $0 | $0 | — | — | — | — | |
| Dividends paid | — | — | $5.8m | $6.7m | $8.4m | $10.9m | $11.6m | $11.4m | $10.9m | $10.9m | ($10.9m) | |
| Net Cash Provided by (Used in) Financing Activities | ($27.0m) |
($26.3m)
+2.55%
|
($17.2m)
+34.47%
|
($14.5m)
+15.80%
|
$77.1m
+631.71%
|
($51.5m)
-166.77%
|
($48.6m)
+5.60%
|
($28.9m)
+40.62%
|
($24.9m)
+13.86%
|
($41.3m)
-66.08%
|
($52.1m)
-26.32%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $7.3m | $38.3m | ($23.7m) | $38.5m | ($60.0m) | $6.0m | $28.2m | ($13.5m) | $51.4m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $31.5m | $69.8m | $46.0m | $84.5m | $24.5m | $30.5m | $58.7m | $45.3m | $51.4m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $297k | $267k | $205k | $204k | $455k | $0 | $0 | — | — | — | |
| Income Taxes Paid, Net | $612k | $741k | $933k | $1.1m | $835k | $1.6m | $4.0m | $4.2m | $5.8m | $3.8m | — | |
| Additional Financial Items | ||||||||||||
| Gain (Loss) on Termination of Lease | — | — | — | — | — | $743k | $743k | — | — | — | — | |
| General and Administrative Expense | $6.4m | $8.9m | $10.3m | $11.8m | $14.2m | $15.9m | $17.5m | $16.5m | $17.7m | $15.8m | — | |
| Goodwill | $36.2m | $36.2m | $36.2m | $36.2m | $36.2m | $37.6m | $37.6m | $37.6m | $37.6m | $37.6m | — | |
| Income Tax Expense (Benefit) | ($8.6m) | $5.6m | $3.1m | ($15.3m) | $9.4m | $5.9m | $5.7m | $5.6m | ($215k) | $4.6m | — | |
| Operating Expenses | $80.6m | $88.2m | $94.2m | $104.5m | $111.5m | $131.4m | $147.5m | $143.9m | $141.0m | $145.6m | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | $1.0m | $1.6m | ($245k) | — | — | — | — | — | — | — | — |