← BALCHEM 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), Including Portion Attributable to Noncontrolling Interest | $56.0m | $90.1m | $78.6m | $79.7m | $84.6m | $96.1m | $105.4m | $108.5m | $128.5m | $154.8m | — | |
| Depreciation, Depletion and Amortization | $46.2m | $44.4m | $44.7m | $45.9m | $51.3m | $48.9m | $51.8m | $54.9m | $48.0m | $45.7m | $48.0m | |
| Amortization of Debt Issuance Costs | $526k | $474k | $680k | $282k | $282k | $282k | $335k | $287k | $287k | $288k | — | |
| Amortization of Intangible Assets | $29.8m | $26.8m | $25.0m | $25.8m | $27.8m | $25.1m | $27.3m | $28.0m | $19.2m | $17.0m | — | |
| Depreciation | $15.9m | $17.1m | $19.0m | $19.8m | $23.0m | $23.3m | $24.0m | $26.4m | $28.2m | $28.2m | $48.0m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $51.8m | $54.9m | $48.0m | $45.7m | $48.0m | |
| Deferred Income Tax Expense (Benefit) | ($6.9m) | ($28.8m) | ($5.4m) | ($3.6m) | ($4.6m) | ($5.9m) | ($8.4m) | ($10.8m) | ($6.8m) | $6.3m | ($5.8m) | |
| Deferred Tax | — | — | — | — | — | — | ($8.4m) | ($10.8m) | ($6.8m) | $6.3m | ($5.8m) | |
| Share-based Payment Arrangement, Noncash Expense | $7.0m | $6.3m | $6.4m | $7.6m | $8.3m | $10.8m | $13.2m | $16.1m | $16.7m | $18.1m | $19.7m | |
| Gain (Loss) on Sale of Assets and Asset Impairment Charges | — | — | — | — | — | ($53k) | $366k | ($7.0m) | ($1.7m) | $58k | — | |
| Goodwill, Impairment Loss | — | — | — | — | $1.2m | — | — | — | — | — | — | |
| Restructuring Costs and Asset Impairment Charges | — | — | — | — | — | — | — | $7.8m | $521k | — | — | |
| Asset Impairment Charge | — | — | — | — | — | $1.7m | $23k | $7.0m | — | — | — | |
| Nonoperating Income (Expense) | ($7.9m) | ($8.8m) | — | ($6.1m) | ($4.7m) | ($2.3m) | ($11.4m) | ($21.9m) | ($16.5m) | ($10.3m) | — | |
| Other Nonoperating Income (Expense) | ($648k) | ($1.2m) | ($1.1m) | ($116k) | ($291k) | $187k | ($1.2m) | $681k | $72k | ($77k) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($25.2m) | $20.0m | ($6.1m) | ($7.5m) | ($20.2m) | |
| Increase (Decrease) in Accounts Receivable | $15.7m | $3.9m | $7.8m | ($11.6m) | $3.6m | $20.7m | $3.6m | ($7.0m) | ($5.6m) | $20.9m | ($8.9m) | |
| Change In Receivables | — | — | — | — | — | — | ($3.6m) | $7.0m | $5.6m | ($20.9m) | ($8.9m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($3.6m) | $7.0m | $5.6m | ($20.9m) | ($8.9m) | |
| Increase (Decrease) in Inventories | ($4.7m) | $319k | $6.0m | $11.4m | ($13.9m) | $21.0m | $7.8m | ($10.5m) | $22.8m | ($3.6m) | ($27.5m) | |
| Change In Inventory | — | — | — | — | — | — | ($7.8m) | $10.5m | ($22.8m) | $3.6m | ($27.5m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | ($15.5m) | $3.6m | $9.1m | $11.3m | $24.6m | |
| Net Cash Provided by (Used in) Operating Activities | $107.6m |
$110.6m
+2.79%
|
$118.7m
+7.30%
|
$124.5m
+4.86%
|
$150.5m
+20.92%
|
$160.5m
+6.66%
|
$138.5m
-13.69%
|
$183.8m
+32.64%
|
$182.0m
-0.96%
|
$216.6m
+18.99%
|
$219.6m
+1.41%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $23.0m | $27.5m | $19.2m | $25.8m | $32.1m | $36.1m | $49.1m | ($37.9m) | ($35.7m) | ($43.5m) | ($48.3m) | |
| Capital Expenditure Reported | — | — | — | — | — | — | ($49.9m) | ($37.9m) | ($35.7m) | ($43.5m) | ($48.3m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $110.6m | $17.4m | $17.4m | $141.1m | $0 | $0 | $365.8m | $1.3m | $24.2m | $323k | ($343k) | |
| Net Other Investing Changes | — | — | — | — | — | — | $206k | $1.9m | $359k | $274k | $14k | |
| Net Cash Provided by (Used in) Investing Activities | ($133.6m) | ($42.7m) | ($32.0m) | ($156.2m) | ($34.6m) | ($35.3m) | ($416.0m) | ($34.8m) | ($59.7m) | ($43.9m) | ($48.6m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $35.0m | $43.0m | $219.5m | — | — | — | — | — | — | — | ($143.2m) | |
| Proceeds from Issuance of Long-term Debt | $0 | — | — | — | — | — | — | — | — | — | $105.0m | |
| Issuance Of Debt | — | — | — | — | — | — | $435.0m | $18.0m | $26.0m | $88.0m | $105.0m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $435.0m | $18.0m | $26.0m | $88.0m | $105.0m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($134.2m) | ($149.2m) | ($145.8m) | ($114.2m) | ($143.2m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $300.8m | ($131.2m) | ($119.8m) | ($26.2m) | ($38.2m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $300.8m | ($131.2m) | ($119.8m) | ($26.2m) | ($38.2m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($134.2m) | ($149.2m) | ($145.8m) | ($114.2m) | ($143.2m) | |
| Payments for Repurchase of Common Stock | $1.6m | $1.9m | $1.4m | $21.3m | $13.5m | $35.2m | $35.4m | $4.5m | $5.7m | $107.6m | — | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($20.7m) | ($22.9m) | ($25.6m) | ($28.3m) | ($30.8m) | |
| Common Stock Payments | — | — | — | — | — | — | ($35.4m) | ($4.5m) | ($5.7m) | ($107.6m) | ($113.5m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($35.4m) | ($4.5m) | ($5.7m) | ($107.6m) | ($113.5m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($35.4m) | ($4.5m) | ($5.7m) | ($107.6m) | ($113.5m) | |
| Dividends paid | $10.7m | $12.1m | $13.4m | $15.1m | $16.7m | $18.7m | $20.7m | $22.9m | $25.6m | $28.3m | ($30.8m) | |
| Dividends Payable, Current | $12.1m | $13.5m | $15.2m | $16.9m | $18.9m | $20.9m | $23.1m | $25.7m | $28.5m | $31.0m | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($20.7m) | ($22.9m) | ($25.6m) | ($28.3m) | ($30.8m) | |
| Net Cash Provided by (Used in) Financing Activities | — | ($68.6m) |
($71.4m)
-4.11%
|
$43.4m
+160.72%
|
($101.2m)
-333.18%
|
($102.2m)
-1.00%
|
$246.7m
+341.42%
|
($153.3m)
-162.15%
|
($133.8m)
+12.72%
|
($152.8m)
-14.19%
|
($171.7m)
-12.36%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($716k) | $2.5m | ($1.4m) | $11.4m | $18.9m | $18.7m | ($36.7m) | ($2.1m) | ($14.9m) | $25.1m | $64.8m | |
| Beginning Cash Position | — | — | — | — | — | — | $103.2m | $66.6m | $64.4m | $49.5m | $65.4m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $65.7m | $84.6m | $103.2m | $66.6m | $64.4m | $49.5m | $74.6m | $64.8m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($716k) | $2.5m | ($1.4m) | ($217k) | $4.2m | ($4.4m) | ($5.9m) | $2.3m | ($3.4m) | $5.2m | ($1.6m) | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($5.9m) | $2.3m | ($3.4m) | $5.2m | ($1.6m) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $6.7m | $7.0m | $6.9m | $5.7m | $4.7m | $4.5m | $11.9m | $25.9m | $17.7m | $10.6m | — | |
| Income Taxes Paid, Net | — | — | — | — | — | — | $33.0m | $35.7m | $42.6m | $37.7m | — | |
| Additional Financial Items | ||||||||||||
| Derivative, Gain (Loss) on Derivative, Net | — | — | — | ($1.7m) | ($7.2m) | $6.8m | $6.5m | ($2.5m) | — | — | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | $16k | ($340k) | $141k | ($72k) | — | ($384k) | $914k | ($733k) | ($100k) | ($680k) | — | |
| Gain (Loss) on Disposition of Assets | — | — | $3.2m | $3.1m | ($153k) | $1.7m | ($343k) | $7.0m | $1.7m | ($58k) | — | |
| General and Administrative Expense | $27.5m | $27.7m | $27.7m | $36.5m | $43.8m | $41.7m | $55.7m | $53.4m | $67.6m | $67.4m | — | |
| Goodwill | $439.8m | $441.4m | $448.0m | $524.0m | $529.5m | $523.9m | $769.5m | $778.9m | $780.0m | $816.4m | — | |
| Income Tax Expense (Benefit) | $27.0m | ($1.6m) | $20.5m | $16.8m | $21.8m | $29.1m | $28.4m | $28.7m | $38.0m | $44.2m | — | |
| Investment Income, Interest | $9k | $12k | — | — | — | — | — | — | — | — | — | |
| Operating Expenses | $90.0m | $91.8m | $96.5m | $108.8m | $112.8m | $115.7m | $135.3m | $142.9m | $153.3m | $161.3m | — | |
| Payments of Financing Costs | — | — | $1.4m | $0 | $0 | — | $1.2m | $0 | $0 | — | — | |
| Proceeds from Stock Options Exercised | $7.2m | $9.7m | $8.3m | $4.8m | $14.2m | $6.9m | $3.2m | $5.2m | $17.2m | $9.3m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $246.7m | ($153.3m) | ($133.8m) | ($152.8m) | ($171.7m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($416.0m) | ($34.8m) | ($59.7m) | ($43.9m) | ($48.6m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($36.7m) | ($2.1m) | ($14.9m) | $25.1m | — | |
| Change In Other Working Capital | — | — | — | — | — | — | ($127k) | $2.5m | $1.8m | ($205k) | ($1.2m) | |
| Change In Prepaid Assets | — | — | — | — | — | — | $1.9m | ($3.5m) | $225k | ($1.3m) | $767k | |
| Changes In Cash | — | — | — | — | — | — | ($30.8m) | ($4.4m) | ($11.6m) | $19.9m | ($662k) | |
| End Cash Position | — | — | — | — | — | — | $66.6m | $64.4m | $49.5m | $74.6m | $64.8m | |
| Financing Cash Flow | — | — | — | — | — | — | $246.7m |
($153.3m)
-162.15%
|
($133.8m)
+12.72%
|
($152.8m)
-14.19%
|
($171.7m)
-12.36%
|
|
| Free Cash Flow | — | — | — | — | — | — | $88.6m | $145.9m | $146.3m | $173.1m | $171.4m | |
| Investing Cash Flow | — | — | — | — | — | — | ($416.0m) | ($34.8m) | ($59.7m) | ($43.9m) | ($48.6m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($366.3m) | ($1.5m) | ($24.4m) | ($676k) | ($343k) | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | — | $914k | ($733k) | ($100k) | ($680k) | ($436k) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $0 | $2.7m | $0 | $0 | $0 | |
| Operating Gains Losses | — | — | — | — | — | — | $1.3m | $6.3m | $1.6m | ($738k) | $798k | |
| Other Non Cash Items | — | — | — | — | — | — | — | ($11.3m) | ($91k) | — | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $3.2m | $5.2m | $17.2m | $9.3m | $10.8m | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $401k | $37k | $299k | ($97k) | ($104k) | |
| Purchase Of Business | — | — | — | — | — | — | ($366.3m) | ($1.5m) | ($24.4m) | ($676k) | ($343k) | |
| Sale Of Investment | — | — | — | — | — | — | $0 | $2.7m | $0 | $0 | $0 | |
| Stock Based Compensation | — | — | — | — | — | — | $13.2m | $16.1m | $16.7m | $18.1m | $19.7m |