← BrightView Holdings, Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | ($15.1m) |
$44.4m
+394.04%
|
($41.6m)
-193.69%
|
$46.3m
+211.30%
|
$14.0m
-69.76%
|
($7.7m)
-155.00%
|
$66.4m
+962.34%
|
$56.0m
-15.66%
|
$46.5m
-16.96%
|
|
| Depreciation | $75.3m | $80.1m | $80.5m | $84.7m | $98.9m | $105.2m | $108.4m | $142.2m | $170.2m | |
| Amortization of intangible assets | $104.9m | $56.3m | $55.8m | $52.3m | $51.5m | $44.5m | $35.8m | $29.3m | — | |
| Amortization of financing costs and original issue discount | $10.4m | $3.7m | $3.7m | $3.7m | $3.7m | $3.5m | $2.8m | $2.9m | — | |
| Deferred taxes | ($63.4m) | ($2.3m) | ($27.1m) | $28.9m | ($6.6m) | ($21.5m) | $1.7m | $21.0m | — | |
| Accounts receivable | $25.2m | ($12.8m) | $18.6m | ($41.9m) | ($6.3m) | ($52.6m) | $19.9m | $12.2m | ($39.4m) | |
| Repayments of receivables financing agreement | ($108.7m) | ($120.0m) | ($80.0m) | ($24.6m) | ($374.4m) | ($554.5m) | ($87.3m) | ($29.1m) | — | |
| Proceeds from receivables financing agreement, net of issuance costs | $115.0m | $120.0m | $80.0m | $34.5m | $391.7m | $549.5m | $500k | $14.5m | — | |
| Accounts payable and other operating liabilities | ($9.9m) | ($2.0m) | $74.0m | $8.4m | ($59.7m) | $36.9m | ($20.4m) | $8.0m | $15.8m | |
| Unbilled and deferred revenue | $2.6m | ($34.8m) | $21.2m | ($25.8m) | ($6.9m) | ($5.4m) | $22.1m | $28.4m | — | |
| Other operating assets | ($16.5m) | $17.1m | ($5.2m) | ($28.4m) | ($10.5m) | $17.1m | $11.4m | ($7.6m) | — | |
| Net cash provided by operating activities | $180.4m |
$169.7m
-5.93%
|
$245.1m
+44.43%
|
$148.4m
-39.45%
|
$106.9m
-27.96%
|
$129.9m
+21.52%
|
$205.6m
+58.28%
|
$291.8m
+41.93%
|
$222.4m
-23.78%
|
|
| Gain on disposal of property and equipment | $12.0m | $6.8m | $4.8m | $9.5m | $7.1m | ($12.6m) | ($14.9m) | ($23.7m) | — | |
| Purchase of property and equipment | ($86.4m) | ($89.9m) | ($52.7m) | ($61.2m) | ($107.3m) | ($71.3m) | ($78.4m) | ($254.2m) | ($275.4m) | |
| Proceeds from sale of property and equipment | $12.0m | $6.8m | $4.8m | $9.5m | $7.1m | $21.6m | $18.1m | $27.6m | — | |
| Accrual for property and equipment | $12.0m | $6.8m | $4.8m | $9.5m | $0 | $0 | $50.7m | $27.8m | — | |
| Gain on divestiture | — | — | — | — | $0 | $0 | ($43.6m) | $0 | — | |
| Business acquisitions, net of cash acquired | ($104.4m) | ($64.0m) | ($90.3m) | ($110.4m) | ($93.1m) | ($13.8m) | $0 | $0 | — | |
| Proceeds from divestiture | — | — | $28.5m | $2.7m | $0 | $0 | $51.0m | $0 | $0 | |
| Other investing activities | ($500k) | $1.6m | $900k | ($700k) | ($400k) | $2.1m | $3.7m | $2.7m | — | |
| Net cash (used) by investing activities | ($179.3m) | ($145.5m) | ($108.8m) | ($158.7m) | ($193.7m) | ($61.4m) | ($5.6m) | ($223.9m) | — | |
| Loss on debt extinguishment | $25.1m | — | $0 | $0 | $12.6m | $8.3m | $600k | $700k | — | |
| Debt issuance and prepayment costs | — | — | — | $0 | ($4.6m) | ($1.8m) | ($2.5m) | ($1.3m) | — | |
| Proceeds from issuance of common stock, net of share issuance costs | $501.2m | — | $1.8m | $1.8m | $1.6m | $1.2m | $3.0m | $3.1m | $1.8m | |
| Repurchase of common stock and distributions | ($2.9m) | ($1.2m) | ($1.5m) | ($1.9m) | ($163.8m) | ($2.2m) | ($3.1m) | ($24.2m) | — | |
| Series A preferred stock dividend | — | — | — | — | $0 | $0 | ($17.8m) | ($35.8m) | — | |
| Non-cash Series A Preferred Stock dividends | — | — | — | $0 | $0 | $3.2m | $8.9m | $0 | — | |
| Other financing activities | — | ($300k) | $1.7m | ($2.0m) | ($14.1m) | ($100k) | $1.9m | $0 | — | |
| Net cash (used) by financing activities | $21.3m |
($20.3m)
-195.31%
|
($18.3m)
+9.85%
|
($23.1m)
-26.23%
|
($16.8m)
+27.27%
|
($21.6m)
-28.57%
|
($126.6m)
-486.11%
|
($133.8m)
-5.69%
|
— | |
| Cash and cash equivalents, beginning of period | $12.8m | $35.2m | $39.1m | $157.1m | $20.1m | $67.0m | $140.4m | $74.5m | — | |
| Additional Supplementary Disclosures | ||||||||||
| Additional Supplementary Disclosures | ||||||||||
| Equity-based compensation | $28.8m | $15.7m | $23.6m | $19.7m | $18.9m | $22.1m | $20.2m | $18.2m | — | |
| Realized gain on hedges | — | — | — | — | ($1.0m) | ($15.2m) | ($11.1m) | ($5.4m) | — | |
| Other non-cash activities | $600k | ($2.7m) | $6.1m | ($4.1m) | ($1.7m) | ($5.3m) | ($8.6m) | $9.6m | — | |
| Repayments of finance lease obligations | ($6.3m) | ($5.8m) | ($9.9m) | ($20.5m) | ($27.0m) | ($27.6m) | ($36.3m) | ($48.4m) | — | |
| Repayments of term loan | ($1.7b) | ($143.0m) | ($10.4m) | ($10.4m) | ($1.0b) | ($459.0m) | $0 | $0 | — | |
| Repayments of revolving credit facility | ($60.0m) | ($10.0m) | ($70.0m) | $0 | ($165.0m) | ($33.5m) | $0 | $0 | — | |
| Proceeds from revolving credit facility | $60.0m | $10.0m | $70.0m | $0 | $165.0m | $33.5m | $0 | $0 | — | |
| Proceeds from issuance of Series A preferred stock, net of issuance costs | — | — | — | $0 | $0 | $495.0m | $0 | $0 | — | |
| Contingent business acquisition payments | — | — | — | $0 | $0 | ($22.1m) | ($5.1m) | ($500k) | — | |
| (Decrease) increase in book overdrafts | — | — | — | — | $0 | $0 | $20.1m | ($12.1m) | — | |
| Net change in cash and cash equivalents | $22.4m | $3.9m | $118.0m | ($33.4m) | ($103.6m) | $46.9m | $73.4m | ($65.9m) | — | |
| Cash paid (received) for income taxes, net | $16.2m | $1.9m | $8.6m | $19.5m | $17.3m | ($9.8m) | $34.4m | $6.3m | — | |
| Cash paid for interest | $84.3m | $71.7m | $61.4m | $40.1m | $48.7m | $82.1m | $67.7m | $56.7m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.