← CECO ENVIRONMENTAL 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) Attributable to Parent | ($38.2m) |
($3.0m)
+92.07%
|
($7.1m)
-135.09%
|
$17.7m
+348.66%
|
$8.2m
-53.63%
|
$1.4m
-82.63%
|
$17.4m
+1121.39%
|
$12.9m
-25.87%
|
$13.0m
+0.36%
|
$50.1m
+286.29%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($38.3m) | ($3.0m) | ($7.1m) | $17.7m | $8.2m | $2.0m | $18.3m | $14.5m | $14.4m | $53.1m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | ($36k) | — | — | — | ($39k) | ($557k) | $846k | $1.6m | $1.5m | $3.1m | — | |
| Depreciation, Depletion and Amortization | $18.9m | $16.1m | $13.3m | $10.6m | $9.9m | $9.9m | $10.6m | $12.5m | $14.5m | $24.9m | $25.9m | |
| Amortization of Debt Issuance Costs | $1.1m | — | — | — | — | — | — | — | — | — | — | |
| Amortization of Intangible Assets | $13.9m | $11.5m | $9.6m | $8.5m | — | $6.7m | $7.0m | $7.4m | $8.7m | $16.1m | — | |
| Depreciation | $5.0m | $4.5m | $3.5m | $2.1m | $2.5m | $3.2m | $3.6m | $5.1m | $5.8m | $8.7m | $25.9m | |
| Deferred Income Tax Expense (Benefit) | ($3.8m) | ($3.1m) | ($42k) | ($940k) | $1.0m | $87k | ($39k) | ($118k) | ($3.6m) | $6.3m | $5.0m | |
| Share-based Payment Arrangement, Noncash Expense | $2.3m | $1.8m | $3.2m | $2.7m | $1.8m | $3.3m | $3.9m | $4.5m | $7.5m | $13.1m | $10.2m | |
| Share-based Payment Arrangement, Expense | $2.2m | $1.7m | $3.1m | $2.7m | $1.8m | $3.3m | $3.9m | $4.3m | $7.2m | $12.2m | $10.2m | |
| Goodwill and Intangible Asset Impairment | $57.9m | $7.2m | — | — | $850k | $0 | $0 | — | — | — | — | |
| Goodwill, Impairment Loss | $53.8m | $4.4m | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.3m | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $4.2m | $2.7m | — | $0 | $850k | $0 | — | — | — | — | — | |
| Other Nonoperating Income (Expense) | $310k | $106k | ($365k) | $751k | $2.0m | $2.2m | $6.9m | $372k | ($4.7m) | ($2.1m) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | ($13.3m) | ($14.1m) | $6.1m | $15.6m | ($8.4m) | $13.2m | $6.8m | $26.9m | $52.4m | $6.8m | ($147.1m) | |
| Increase (Decrease) in Inventories | ($9.4m) | ($887k) | $1.7m | $207k | ($4.4m) | $203k | $6.0m | $6.9m | $9.8m | $3.2m | ($7.6m) | |
| Inventory Write-down | $1.2m | $200k | $500k | $300k | $500k | $100k | $100k | $1.1m | $1.1m | ($400k) | — | |
| Other Operating Income (Expense), Net | — | — | — | — | — | — | — | — | — | ($619k) | — | |
| Net Cash Provided by (Used in) Operating Activities | $69.6m |
$6.6m
-90.56%
|
$22.0m
+234.12%
|
$10.2m
-53.41%
|
$4.4m
-56.77%
|
$13.3m
+200.79%
|
$29.6m
+122.96%
|
$44.6m
+50.59%
|
$24.8m
-44.39%
|
$5.9m
-76.39%
|
$4.5m
-23.95%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $1.1m | $1.0m | $3.1m | $5.7m | $3.9m | $2.6m | $3.4m | $8.4m | $17.4m | $11.3m | ($10.5m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($217k) | ($130k) | $217k | ($78k) | ($63k) | $83k | ($10k) | ($110k) | ($191k) | ($60k) | $2.5m | |
| Net Cash Provided by (Used in) Investing Activities | ($419k) | ($660k) | $38.3m | ($5.1m) | ($9.2m) | ($2.1m) | ($48.3m) | ($56.5m) | ($105.3m) | ($1.1m) | ($15.1m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $41.8m | $11.2m | $41.4m | $3.0m | $5.0m | $2.7m | $3.1m | $5.0m | $114.0m | $2.2m | ($228.0m) | |
| Proceeds from Issuance of Long-term Debt | — | — | — | — | — | — | $11.0m | $75.0m | $0 | $0 | $142.9m | |
| Payments for Repurchase of Common Stock | $188k | — | — | — | — | $5.0m | $7.0m | $0 | $5.0m | $0 | — | |
| Payments of Ordinary Dividends, Common Stock | $9.0m | $7.8m | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | ($55.8m) |
($22.7m)
+59.32%
|
($44.9m)
-97.68%
|
($12.1m)
+73.02%
|
$3.7m
+130.74%
|
($15.6m)
-517.72%
|
$38.2m
+345.41%
|
$21.1m
-44.61%
|
$65.9m
+211.72%
|
($11.6m)
-117.54%
|
($92.7m)
-701.82%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($1.7m) | $881k | $13.8m | ($7.5m) | $853k | ($5.8m) | $14.6m | $8.9m | ($17.2m) | ($5.0m) | $43.4m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($1.7m) | $881k | ($1.5m) | ($445k) | $1.9m | ($1.5m) | ($5.0m) | ($442k) | ($2.7m) | $1.8m | $2.2m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $5.6m | $3.5m | $3.2m | $2.1m | $5.0m | $12.1m | $13.3m | $20.4m | — | |
| Income Taxes Paid, Net | $6.4m | $3.0m | $10.2m | $5.9m | $2.2m | ($2.6m) | $5.4m | $9.9m | $9.6m | $24.7m | — | |
| Additional Financial Items | ||||||||||||
| Derivative, Gain (Loss) on Derivative, Net | ($95k) | $327k | $276k | $248k | — | $0 | — | — | — | — | — | |
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | $500k | — | — | — | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), Realized | $700k | $100k | $700k | $400k | $1.3m | ($3.1m) | $6.3m | $1.2m | ($4.3m) | ($2.2m) | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | ($777k) | $2.1m | ($836k) | $526k | ($346k) | ($2.0m) | $1.3m | $1.0m | ($2.7m) | $2.1m | — | |
| Gain (Loss) on Disposition of Business | — | — | ($4.4m) | ($70k) | — | — | — | — | — | ($2.1m) | — | |
| Goodwill | $170.2m | $167.0m | $152.2m | $152.0m | $161.8m | $161.2m | $183.2m | $211.3m | $269.7m | $288.2m | $1.3m | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | $8.2m | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $5.3m | $4.4m | $9.6m | ($4.4m) | $3.7m | $2.7m | $5.4m | $7.0m | $3.3m | $29.7m | — | |
| Payments of Financing Costs | — | $692k | — | $1.1m | — | $801k | $130k | $363k | $1.9m | $0 | — | |
| Pension Cost (Reversal of Cost) | $6k | $9k | — | — | — | — | — | — | — | — | — | |
| Restructuring Costs | — | — | — | — | — | — | — | — | — | $700k | — |