← AVIAT NETWORKS, 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 | ($29.9m) |
($823k)
+97.25%
|
$1.8m
+324.18%
|
$9.7m
+427.80%
|
$257k
-97.36%
|
$110.1m
+42755.64%
|
$21.2m
-80.79%
|
$11.5m
-45.52%
|
$10.8m
-6.66%
|
$1.3m
-87.54%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($29.6m) | ($621k) | $2.3m | $9.7m | $257k | $110.1m | $21.2m | $11.5m | $10.8m | $1.3m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $270k | $202k | $457k | $0 | $0 | — | — | — | — | — | — | |
| Depreciation, Depletion and Amortization | $6.6m | $5.8m | $5.2m | $4.5m | $4.4m | $5.4m | $4.5m | $5.5m | $4.0m | $5.3m | $6.4m | |
| Amortization of Intangible Assets | $0 | $0 | — | — | — | $0 | $0 | $704k | $1.0m | $2.7m | — | |
| Depreciation | $6.6m | — | — | — | — | — | — | — | — | — | $3.5m | |
| Deferred Income Tax Expense (Benefit) | ($334k) | $75k | ($3.2m) | ($8.8m) | ($172k) | ($90.0m) | $7.7m | $9.4m | $3.6m | ($343k) | $3.4m | |
| Share-based Payment Arrangement, Noncash Expense | $1.8m | $2.1m | $2.4m | $1.7m | $1.7m | $2.9m | $3.8m | $6.7m | $7.3m | $7.1m | $5.9m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | $671k | $802k | $167k | $541k | $1.2m | $696k | $1.2m | — | |
| Share-based Payment Arrangement, Expense | $1.8m | $2.1m | $2.4m | $1.7m | $1.7m | $2.9m | $3.8m | $6.7m | $7.3m | $7.1m | $5.9m | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | — | $0 | $0 | $2.7m | |
| Nonoperating Income (Expense) | — | $169k | ($220k) | $17k | — | — | — | — | — | — | — | |
| Other Nonoperating Income (Expense) | — | — | — | — | $0 | $0 | $1.7m | ($3.3m) | ($158k) | ($941k) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | ($17.0m) | ($18.2m) | ($2.8m) | $6.4m | ($7.0m) | $4.2m | $25.7m | $25.5m | $9.3m | $29.0m | $5.2m | |
| Increase (Decrease) in Inventories | $5.0m | ($6.4m) | ($615k) | ($1.2m) | $5.7m | $10.0m | $2.5m | $4.5m | ($1.6m) | $24.4m | $15.7m | |
| Inventory Write-down | $9.9m | $1.1m | $364k | $553k | $945k | $1.5m | $1.7m | $2.1m | $4.0m | $2.4m | — | |
| Increase (Decrease) in Accounts Payable | ($14.0m) | $608k | ($2.2m) | $5.1m | ($3.1m) | $580k | $10.5m | $16.0m | $16.6m | $49.9m | ($24.2m) | |
| Net Cash Provided by (Used in) Operating Activities | ($126k) |
$9.4m
+7564.29%
|
$8.2m
-12.72%
|
$2.9m
-64.14%
|
$17.5m
+494.19%
|
$17.3m
-1.11%
|
$2.8m
-83.88%
|
($1.6m)
-158.95%
|
$30.5m
+1957.66%
|
$5.7m
-81.27%
|
$21.0m
+266.77%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $1.6m | $4.0m | $6.6m | $5.2m | $4.6m | $2.8m | $1.8m | $5.3m | $2.7m | $13.0m | ($9.1m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($827k) | ($153k) | ($75k) | ($4k) | ($56k) | ($6k) | ($11k) | $5.5m | $4.0m | $5.3m | ($103k) | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | — | — | — | ($1.7m) | ($41k) | $103k | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | — | — | $32.2m | $18.1m | $0 | |
| Net Cash Provided by (Used in) Investing Activities | ($1.8m) | ($4.0m) | ($6.3m) | ($5.2m) | ($4.6m) | ($2.8m) | ($7.8m) | ($11.9m) | ($35.2m) | ($28.5m) | ($10.1m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | — | — | — | — | — | — | — | — | — | $50.6m | ($104.2m) | |
| Debt and Equity Securities, Gain (Loss) | — | — | — | — | — | $0 | $2.6m | $1.7m | $41k | ($103k) | — | |
| Payments for Repurchase of Common Stock | — | — | — | $2.3m | $1.8m | $787k | $0 | $0 | $332k | $597k | — | |
| Net Cash Provided by (Used in) Financing Activities | $13k |
$21k
+61.54%
|
$12k
-42.86%
|
($3.0m)
-24700.00%
|
($2.5m)
+13.79%
|
($8.0m)
-216.23%
|
($4.9m)
+39.44%
|
($681k)
+86.03%
|
$48.7m
+7251.40%
|
$18.7m
-61.64%
|
$16.9m
-9.59%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($2.3m) | $5.1m | $1.2m | ($5.6m) | $9.7m | $6.3m | ($11.1m) | ($14.6m) | $42.4m | ($2.9m) | $79.5m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($2.3m) | $36.6m | $37.8m | $32.2m | $41.9m | $48.2m | $37.1m | $22.5m | $64.9m | $62.0m | $79.5m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($2.3m) | ($244k) | ($727k) | ($309k) | ($669k) | ($77k) | ($1.2m) | ($311k) | ($1.6m) | $1.2m | $789k | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $111k | $94k | $29k | $70k | $60k | $4k | $0 | $880k | $2.5m | $6.7m | — | |
| Income Taxes Paid, Net | $2.0m | ($313k) | $1.3m | $687k | $1.1m | ($2.1m) | $1.2m | $1.6m | $808k | $1.7m | — | |
| Additional Financial Items | ||||||||||||
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | — | $349k | $0 | $0 | — | — | $66k | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($1.8m) | ($712k) | $214k | ($664k) | $419k | $1.0m | ($1.1m) | ($1.0m) | $300k | $800k | — | |
| Gain (Loss) on Disposition of Business | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Goodwill | — | — | — | — | — | — | — | $5.1m | $8.2m | $19.7m | $2.7m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | ($30.4m) | ($823k) | $1.8m | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($30.2m) | ($621k) | $2.3m | $9.7m | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $541k | $0 | $0 | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $541k | $0 | $0 | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $1.6m | $16k | ($1.0m) | ($8.2m) | $3.5m | ($87.7m) | $9.3m | $11.6m | $6.1m | $2.2m | — | |
| Investment Income, Interest | $252k | $261k | $198k | $267k | $385k | $230k | — | — | — | — | — | |
| Operating Expenses | $89.2m | $76.5m | $79.2m | $77.9m | $81.3m | $80.4m | $80.5m | $97.8m | $125.3m | $128.9m | — | |
| Operating Lease, Expense | — | — | — | — | $3.7m | $3.3m | $3.6m | $3.4m | — | — | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | $41k | $0 | $0 | — | — | — | — | — | — | — | — | |
| Payments of Financing Costs | — | — | — | — | — | $0 | $0 | $753k | $79k | $529k | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | — | $243.9m | — | — | $303.0m | $346.6m | $408.1m | $434.6m | — |