← BIRKS GROUP 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 | $5.4m |
$4.9m
-9.38%
|
$11.7m
+137.40%
|
($18.7m)
-259.72%
|
($12.8m)
+31.61%
|
($5.8m)
+54.32%
|
$1.3m
+122.05%
|
($7.4m)
-677.47%
|
($4.6m)
+37.69%
|
($12.8m)
-176.81%
|
— | |
| Depreciation, Depletion and Amortization | $5.3m | $5.1m | $2.5m | $3.9m | $4.8m | $5.5m | $5.8m | $5.7m | $6.6m | $7.7m | $7.3m | |
| Amortization of Debt Issuance Costs and Discounts | $973k | $947k | $232k | $332k | $288k | $282k | $250k | $190k | $214k | $134k | — | |
| Deferred Income Tax Expense (Benefit) | $1.6m | $550k | ($2.6m) | ($4.8m) | ($3.2m) | ($1.6m) | $1.8m | ($1.9m) | ($1.3m) | $3.1m | — | |
| Deferred Other Tax Expense (Benefit) | ($1.6m) | ($5.9m) | $2.6m | $4.8m | $3.2m | $1.6m | ($1.8m) | $1.9m | $1.3m | $3.1m | — | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | — | — | — | $359k | $232k | $26k | $222k | — | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | $800k | — | — | — | — | |
| Income (Loss) from Equity Method Investments | — | — | — | — | — | — | — | $2.0m | $2.2m | $2.4m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Accounts Receivable, Credit Loss Expense (Reversal) | — | — | — | — | — | $546k | $303k | $538k | $555k | $122k | $1.8m | |
| Increase (Decrease) in Inventories | $6.7m | ($5.2m) | ($101k) | $6.7m | $10.4m | ($4.1m) | ($18.9m) | $9.4m | $10.7m | $17.2m | ($800k) | |
| Increase (Decrease) in Accounts Payable | $2.7m | $838k | $599k | $5.6m | $18.7m | ($10.6m) | ($9.7m) | $9.0m | $5.5m | $15.3m | ($2.8m) | |
| Accrued capital expenditures | $6.5m | $5.1m | $5.1m | $11.6m | $5.8m | $3.0m | $4.6m | $8.4m | $6.3m | $7.0m | — | |
| Net Cash Provided by (Used in) Operating Activities | $4.7m |
$7.3m
+54.38%
|
($29.3m)
-503.14%
|
($4.7m)
+83.87%
|
($4.4m)
+7.65%
|
($1.7m)
+60.48%
|
$18.6m
+1182.30%
|
($6.9m)
-137.14%
|
($170k)
+97.55%
|
($1.9m)
-1024.71%
|
$170k
+108.89%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $6.5m | $5.1m | $5.1m | $11.6m | $5.8m | $3.0m | $4.6m | $8.4m | $6.3m | $7.0m | ($2.8m) | |
| Payments for (Proceeds from) Other Investing Activities | $37k | $12k | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | — | ($5.1m) | $98.9m | ($13.6m) | ($6.4m) | ($3.0m) | ($5.8m) | ($9.4m) | ($7.2m) | ($7.5m) | ($9.8m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $3.0m | $8.8m | $5.8m | $3.1m | $831k | — | $2.8m | $2.1m | $2.0m | $1.9m | ($4.7m) | |
| Proceeds from Issuance of Long-term Debt | $2.5m | — | $3.0m | $12.5m | $0 | $10.0m | $428k | $2.7m | $1.6m | $0 | $17.5m | |
| Proceeds from (Payments for) Other Financing Activities | ($25k) | ($50k) | ($142k) | ($109k) | ($127k) | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | ($2.1m) |
($2.6m)
-23.07%
|
($70.5m)
-2625.82%
|
$18.5m
+126.24%
|
$10.2m
-45.00%
|
$6.0m
-41.47%
|
($12.6m)
-312.04%
|
$15.6m
+223.41%
|
$7.9m
-49.15%
|
$9.2m
+15.91%
|
$9.6m
+4.23%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | — | — | $1.8m | $1.5m | $1.5m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Proceeds from Stock Options Exercised | — | — | — | — | — | $876k | $348k | $422k | $0 | $23k | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $8.5m | $3.6m | $3.7m | $3.8m | $3.8m | $3.5m | $5.1m | $7.8m | $8.5m | — | |
| Additional Financial Items | ||||||||||||
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | — | — | $29.9m | — | $0 | — | — | — | — | — | — | |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax | — | — | ($1.4m) | ($381k) | ($552k) | — | — | — | — | — | — | |
| Financing Interest Expense | — | — | — | — | — | — | — | — | — | $8.1m | — | |
| Gain (Loss) on Disposition of Assets | $3.2m | — | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Termination of Lease | — | — | — | — | — | — | — | — | ($31k) | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | ($16.8m) | ($18.3m) | ($12.2m) | ($5.8m) | $1.3m | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | $28.5m | ($381k) | ($552k) | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $50k | ($5.3m) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Operating Expenses | $93.9m | $100.1m | $57.2m | $72.2m | $71.0m | $59.2m | $71.8m | $71.8m | $72.3m | $71.8m | — | |
| Payments of Financing Costs | $444k | $1.2m | — | — | — | — | — | — | — | — | — |