← Avantor, Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Amortization | $99.2m | $404.6m | $398.9m | $395.4m | $379.2m | $405.5m | $402.3m | $405.5m | $410.2m | $301.1m | |
| Amortization of deferred financing costs | $11.7m | $41.4m | $33.5m | $23.4m | $16.3m | $15.7m | $13.0m | $11.2m | $8.5m | — | |
| Deferred income tax expense (benefit) | ($430.6m) | ($103.9m) | ($106.7m) | ($87.5m) | ($17.7m) | ($69.1m) | ($172.4m) | ($46.9m) | $7.7m | $43.8m | |
| Stock-based compensation expense | $48.2m | $18.4m | $67.9m | $44.1m | $50.7m | $45.8m | $40.5m | $46.8m | $46.4m | $42.5m | |
| Impairment charges | — | — | — | — | $0 | $0 | $160.8m | $0 | $785.0m | — | |
| Provision for accounts receivable and inventory | $5.1m | $25.7m | $35.1m | $69.5m | $44.9m | $65.0m | $84.5m | $75.1m | $63.7m | — | |
| Accounts receivable | $14.1m | ($83.4m) | ($68.9m) | ($102.4m) | ($111.8m) | ($45.2m) | $77.0m | $45.9m | $13.6m | ($11.4m) | |
| Inventory | $19.7m | ($41.1m) | ($71.1m) | ($69.7m) | ($129.8m) | ($112.5m) | $30.3m | ($18.5m) | ($109.4m) | ($122.8m) | |
| Accounts payable | $31.8m | $29.4m | $5.1m | $110.6m | $64.9m | $15.6m | ($139.6m) | $59.6m | $42.4m | $41.0m | |
| Accrued interest | — | ($2.4m) | ($2.4m) | ($29.7m) | $5.3m | $100k | $300k | ($1.6m) | ($1.3m) | — | |
| Other assets and liabilities | $7.0m | $1.3m | ($51.7m) | $110.7m | $56.9m | ($179.3m) | $48.6m | ($37.7m) | ($144.2m) | — | |
| Other | $300k | $0 | $700k | $2.5m | $3.5m | $1.5m | $2.7m | $2.5m | ($1.7m) | — | |
| Net cash provided by operating activities | ($167.5m) |
$200.5m
+219.70%
|
$354.0m
+76.56%
|
$929.8m
+162.66%
|
$953.6m
+2.56%
|
$843.6m
-11.54%
|
$870.0m
+3.13%
|
$840.8m
-3.36%
|
$623.8m
-25.81%
|
$597.0m
-4.30%
|
|
| Capital expenditures | ($25.2m) | ($37.7m) | ($51.6m) | ($61.6m) | ($111.1m) | ($133.4m) | ($146.4m) | ($148.8m) | ($128.8m) | ($142.3m) | |
| Net cash (used in) provided by investing activities | ($6.7b) | ($23.2m) | ($42.1m) | ($59.1m) | ($4.1b) | ($109.6m) | ($143.7m) | $438.9m | ($130.5m) | — | |
| Loss on extinguishment of debt | $56.4m | $0 | $73.7m | $346.8m | $12.4m | $12.5m | $6.9m | $10.9m | $4.6m | — | |
| Debt borrowings | $9.2b | $35.7m | $1.3m | $3.9b | $2.8b | $327.2m | $0 | $0 | $1.1b | — | |
| Debt repayments | ($3.3b) | ($185.5m) | ($1.9b) | ($4.4b) | ($533.9m) | ($947.0m) | ($846.0m) | ($1.3b) | ($1.4b) | ($1.6b) | |
| Payments of debt refinancing fees | ($318.6m) | $0 | $0 | ($315.8m) | ($40.6m) | ($600k) | ($2.3m) | $0 | ($15.1m) | — | |
| Payments for repurchase of common stock | — | — | — | — | — | — | $0 | $0 | ($75.1m) | — | |
| Net cash used in financing activities | $7.0b |
($170.3m)
-102.45%
|
($307.8m)
-80.74%
|
($782.9m)
-154.35%
|
$3.2b
+511.19%
|
($648.7m)
-120.15%
|
($843.7m)
-30.06%
|
($1.3b)
-51.85%
|
($409.4m)
+68.05%
|
($588.5m)
-43.75%
|
|
| Cash, cash equivalents and restricted cash, beginning of year | $188.5m | $187.7m | $189.3m | $289.2m | $327.1m | $396.9m | $287.7m | $264.7m | $368.3m | — | |
| Net change in cash, cash equivalents and restricted cash | $122.5m | ($800k) | $1.6m | $99.9m | $37.9m | $69.8m | ($109.2m) | ($23.0m) | $103.6m | — | |
| Additional Supplementary Disclosures | |||||||||||
| Additional Supplementary Disclosures | |||||||||||
| Net (loss) income | ($145.3m) | ($86.9m) | $37.8m | $116.6m | $572.6m | $686.5m | $321.1m | $711.5m | ($530.2m) | — | |
| Gain on sale of business | — | — | — | — | — | $0 | $0 | ($446.6m) | $5.1m | — | |
| Non-cash restructuring charges (see note 12) | — | $28.4m | $10.4m | $0 | $0 | $0 | $0 | $16.9m | $3.2m | — | |
| Foreign currency remeasurement loss (gain) | — | $6.8m | $2.4m | ($900k) | $6.7m | $10.0m | ($2.6m) | ($300k) | $1.7m | — | |
| Pension termination charges | — | — | — | — | — | $0 | $0 | $9.3m | $18.1m | — | |
| Proceeds from sale of disposal group, net of cash sold | — | — | — | — | — | $0 | $0 | $585.2m | $0 | — | |
| Proceeds received from exercise of stock options | — | $0 | $700k | $20.2m | $82.5m | $17.3m | $18.3m | $69.2m | ($5.6m) | — | |
| Effect of currency rate changes on cash and cash equivalents | $1.0m | ($7.8m) | ($2.5m) | $12.1m | ($13.2m) | ($15.5m) | $8.2m | ($21.5m) | $19.7m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.