← Bowman Consulting Group Ltd.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | $15.3m |
$37.1m
+142.37%
|
$990k
-97.33%
|
$299k
-69.80%
|
$5.0m
+1573.91%
|
($6.6m)
-232.35%
|
$3.0m
+145.80%
|
$12.8m
+323.50%
|
$10.9m
-15.24%
|
|
| Net income and comprehensive income | $15.3m | $37.1m | $49.2m | — | — | — | — | — | — | |
| Depreciation and amortization - property and equipment | — | — | $2.0m | $6.0m | $8.4m | $9.7m | $14.5m | $17.2m | $29.4m | |
| Amortization of intangible assets | $412k | $711k | $241k | $397k | $3.9m | $9.0m | $14.0m | $10.3m | — | |
| Depreciation | $58.4m | $101.6m | $88.8m | $108.0m | $119.3m | $131.3m | $185.0m | $217.2m | $18.4m | |
| Amortization of deferred financing costs | $539k | $969k | $1.1m | $1.1m | $1.1m | $1.6m | $3.0m | $2.9m | — | |
| Deferred taxes | — | — | $326k | ($2.2m) | ($18.0m) | ($25.5m) | ($20.0m) | $36.5m | — | |
| Deferred income tax expense | $6.1m | $2.8m | $11.3m | $8.3m | $15.4m | $16.0m | $19.2m | $14.7m | $47.5m | |
| Accounts receivable | — | — | $1.5m | ($8.8m) | ($13.8m) | ($13.6m) | ($9.3m) | ($23.1m) | ($31.2m) | |
| Accounts payable and accrued expenses | — | — | ($520k) | $3.3m | $15.8m | $27.7m | $7.6m | ($33.7m) | — | |
| Prepaid expenses and other assets | — | — | — | — | ($2.1m) | $143k | ($5.7m) | $3.2m | — | |
| Net cash provided by operating activities | $109.4m |
$157.9m
+44.41%
|
$10.8m
-93.18%
|
$4.7m
-56.20%
|
$9.2m
+94.40%
|
$11.7m
+27.83%
|
$24.3m
+107.31%
|
$35.8m
+47.43%
|
$35.4m
-1.27%
|
|
| Purchases of property and equipment | ($81.1m) | ($157.0m) | ($924k) | ($905k) | ($902k) | ($2.1m) | ($626k) | ($2.4m) | ($4.0m) | |
| Property and equipment acquired under finance lease | — | — | ($11.4m) | ($8.9m) | ($8.1m) | ($8.2m) | ($11.9m) | ($22.3m) | — | |
| Loss on disposal of property, plant and equipment | ($158k) | ($31k) | $659k | ($85k) | $536k | $1.7m | $767k | $822k | — | |
| Proceeds on disposal of property, plant and equipment | $36.3m | $4.5m | $2.8m | $17.1m | $3.4m | $10.4m | $13.6m | $11.7m | — | |
| Cash reclassification to investments in affiliates and joint ventures from change in presentation of NL Partnership | $0 | ($10.6m) | $0 | — | — | — | — | — | — | |
| Acquisitions of businesses, net of cash acquired | — | — | ($416k) | ($20.3m) | ($18.0m) | ($25.7m) | ($24.4m) | ($35.2m) | — | |
| Payment of contingent consideration from acquisitions | — | — | ($106k) | ($2k) | $0 | $0 | ($2.3m) | ($1.4m) | — | |
| Issuance of notes payable for acquisitions | — | — | — | ($10.2m) | ($19.1m) | ($13.7m) | ($21.6m) | ($36.5m) | — | |
| Net cash used in investing activities | ($228.6m) | ($160.7m) | ($2.4m) | ($21.5m) | ($18.8m) | ($27.2m) | ($27.5m) | ($35.8m) | ($35.9m) | |
| Borrowings under revolving credit facility | — | — | — | — | $0 | $45.3m | — | $58.4m | — | |
| Proceeds from long-term debt | $267.9m | $227.8m | $145.2m | $135.0m | $83.4m | $340.0m | $234.5m | $757.4m | — | |
| Repayment of long-term debt | ($88.8m) | ($186.9m) | ($82.3m) | ($164.4m) | ($58.6m) | ($315.6m) | ($130.3m) | ($629.7m) | — | |
| Proceeds from common stock offering, net of underwriting discounts and commissions and other offering costs | — | — | — | $0 | $15.5m | $0 | $47.2m | $0 | — | |
| Repurchases of common stock | ($9.5m) | $0 | ($1.3m) | ($582k) | ($3.3m) | ($745k) | ($23.3m) | ($18.8m) | — | |
| Proceeds from the issuance of common stock | — | — | $63k | $555k | $1.5m | $1.6m | $1.9m | $1.8m | — | |
| Dividends received from affiliates and joint ventures | $0 | $4.4m | $8.6m | $11.3m | $12.8m | $19.3m | $7.3m | $2.2m | — | |
| Dividends paid | ($2.0m) | ($2.5m) | ($4.4m) | ($4.4m) | ($7.8m) | ($10.0m) | ($10.6m) | ($13.4m) | — | |
| Net cash provided by (used in) financing activities | $130.6m |
($11.2m)
-108.60%
|
($8.5m)
+24.50%
|
$37.0m
+536.96%
|
$2.2m
-93.94%
|
$22.8m
+916.42%
|
($10.8m)
-147.39%
|
$4.3m
+139.74%
|
$1.9m
-56.96%
|
|
| Net increase (decrease) in cash and cash equivalents | $11.3m | ($14.0m) | ($123k) | $20.2m | ($7.3m) | $7.4m | ($14.0m) | $4.4m | — | |
| Increase (decrease) in cash | — | — | $38.2m | ($26.8m) | $52.2m | $25.5m | ($11.1m) | $20.8m | — | |
| Cash and cash equivalents, beginning of period | $8.2m | $19.5m | $386k | $20.6m | $13.3m | $20.7m | $6.7m | $11.1m | — | |
| Effect of exchange rate on changes in cash | — | — | $0 | $2k | $304k | ($6.0m) | $353k | $1.4m | — | |
| Additional Supplementary Disclosures | ||||||||||
| Additional Supplementary Disclosures | ||||||||||
| Gain on sale of assets | — | — | ($110k) | ($122k) | ($82k) | ($411k) | ($477k) | ($909k) | — | |
| Credit losses | — | — | $3.0m | $496k | $742k | $515k | $1.6m | $1.6m | — | |
| Stock based compensation | $11.5m | $9.4m | $5.1m | $8.2m | $15.1m | $24.7m | $25.7m | $18.8m | $16.3m | |
| Accretion of discounts on notes payable | — | — | — | $0 | $258k | $642k | $483k | $1.1m | — | |
| Contract assets | — | — | $3.0m | ($387k) | ($4.6m) | ($10.9m) | ($4.1m) | ($8.8m) | — | |
| Contract liabilities | — | — | ($5.9m) | ($192k) | ($1.4m) | ($3.8m) | ($3.1m) | $723k | — | |
| Proceeds from sale of assets and disposal of leases | — | — | — | — | — | $411k | $478k | $1.0m | — | |
| Payments received under loans to shareholders | — | — | $228k | $36k | $49k | $115k | $11k | $0 | — | |
| Payments received under notes receivable | — | — | $19k | — | — | — | $0 | $1.2m | — | |
| Capitalized internal-use software development costs | — | — | — | — | — | — | $0 | ($370k) | — | |
| Purchase of intangible asset | ($380k) | ($422k) | ($272k) | ($1.2m) | ($3.8m) | $0 | ($2.9m) | $0 | — | |
| Collections under stock subscription notes receivable | — | — | $196k | $332k | $104k | $98k | $46k | $30k | — | |
| Repayments under revolving credit facility | — | — | ($4.9m) | ($3.5m) | $0 | — | ($8.3m) | — | — | |
| Repayments under fixed line of credit | — | — | ($485k) | ($722k) | ($734k) | ($430k) | ($345k) | $0 | — | |
| Proceeds from notes payable | — | — | — | — | — | $0 | $6.2m | $0 | — | |
| Repayment under notes payable | — | — | ($1.8m) | ($1.1m) | ($4.6m) | ($11.2m) | ($16.3m) | ($17.6m) | — | |
| Proceeds from finance leases | — | — | — | — | — | $0 | $4.6m | $0 | — | |
| Payments on finance leases | — | ($38.2m) | ($34.6m) | ($4.7m) | ($6.0m) | ($6.8m) | ($9.0m) | ($12.8m) | — | |
| Payments for purchase of treasury stock | — | — | — | — | ($3.3m) | ($4.8m) | ($11.1m) | ($5.2m) | — | |
| Cash paid for interest | — | — | $609k | $887k | $1.9m | $4.2m | $6.6m | $7.7m | — | |
| Cash paid for income taxes | — | — | $543k | $1.9m | $400k | $1.1m | $8.5m | $702k | — | |
| Note payable converted to common shares | — | — | — | — | $0 | ($1.3m) | ($3.4m) | ($1.8m) | — | |
| Issuance of contingent consideration | — | — | — | — | ($487k) | ($10.4m) | ($2.0m) | $0 | — | |
| Settlement of contingent consideration | — | — | — | — | — | $0 | $1.9m | $3.0m | — | |
| Loss (gain) on derivative financial instruments | — | $0 | ($4.3m) | ($2.7m) | ($778k) | ($6.1m) | ($4.0m) | $9.4m | — | |
| Equity earnings in affiliates and joint ventures | ($60k) | ($2.8m) | ($7.7m) | ($21.9m) | ($37.1m) | ($25.2m) | ($15.3m) | $11.3m | — | |
| Change in fair value of contingent obligations | — | — | — | — | $0 | $8.3m | $53.2m | ($26.9m) | — | |
| Unrealized foreign currency loss (gain) | — | — | — | — | — | $7.7m | ($2.8m) | $2.3m | — | |
| Other adjustments to cash from operating activities | $17k | $255k | $483k | ($158k) | ($896k) | $1.7m | $1.4m | $1.4m | — | |
| Net changes in non-cash working capital | $14.2m | $8.5m | ($3.4m) | $671k | ($13.3m) | $50.6m | ($59.4m) | ($4.7m) | — | |
| Buyout of BNA Remanufacturing LP, net of cash acquired | — | — | — | $0 | ($2.2m) | $0 | ($3.9m) | $0 | — | |
| Net collections (advances) of loans with affiliates and joint ventures | $280k | $2.9m | $3.5m | $3.7m | ($16.6m) | ($2.3m) | $4.1m | $8.9m | — | |
| Cash settlement of derivative financial instruments | — | — | $0 | $7.1m | $0 | $2.6m | $4.0m | $0 | — | |
| Settlement of convertible debentures | — | — | — | — | — | — | $0 | ($1.4m) | — | |
| Financing costs | ($848k) | ($2.7m) | ($965k) | ($3.6m) | ($318k) | ($5.8m) | ($1.0m) | ($9.5m) | — | |
| Purchase of treasury shares | ($5.1m) | ($10.4m) | ($9.9m) | ($5.5m) | ($2.0m) | ($6.0m) | ($2.5m) | ($3.3m) | — | |
| Cash settlement of deferred share unit plan | $0 | ($5.1m) | ($103k) | ($2.3m) | $0 | ($7.8m) | $0 | — | — | |
| Net payment on the wind up of affiliates and joint ventures | — | — | — | — | $0 | ($387k) | $0 | — | — | |
| Investment in affiliates and joint ventures | ($31.9m) | $0 | ($1.8m) | ($2.0m) | $0 | — | — | — | — | |
| Proceeds from exercise of stock options | $1.0m | $2.0m | $537k | $519k | $0 | — | — | — | — | |
| Distribution paid to noncontrolling interest of affiliates | $0 | ($280k) | $0 | — | — | — | — | — | — | |
| Lease inducement received | $1.4m | $0 | — | — | — | — | — | — | — | |
| Loss on sublease | $1.7m | $0 | — | — | — | — | — | — | — | |
| Acquisition of heavy construction fleet and related assets | ($151.2m) | $0 | — | — | — | — | — | — | — | |
| Additions to other long-term receivable | ($619k) | $0 | — | — | — | — | — | — | — | |
| Repayment of finance lease obligations | ($32.1m) | ($38.2m) | — | — | — | — | — | — | — |