← COMPASS MINERALS INTERNATIONAL 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 earnings | $91.6m |
$94.1m
+2.73%
|
$128.6m
+36.67%
|
$137.6m
+7.01%
|
$94.5m
-31.32%
|
($237.6m)
-351.41%
|
$194.5m
+181.89%
|
$144.7m
-25.63%
|
$236.9m
+63.75%
|
$224.6m
-5.23%
|
— | |
| Net Income (Loss) Attributable to Parent | $162.7m |
$42.7m
-73.76%
|
$68.8m
+61.12%
|
$62.5m
-9.16%
|
$63.1m
+0.96%
|
— | ($25.1m) |
$10.5m
+141.83%
|
($206.1m)
-2062.86%
|
($79.8m)
+61.28%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | — | — | $62.0m | — | ($25.4m) |
$10.2m
+140.16%
|
($206.3m)
-2122.55%
|
— | — | |
| Depreciation, Depletion and Amortization | $90.3m | $122.2m | $136.9m | $137.9m | $137.9m | $128.9m | $113.7m | $98.6m | $105.0m | $103.2m | $106.9m | |
| Amortization of Debt Issuance Costs | $2.0m | $2.2m | $2.2m | $2.8m | $3.2m | — | $2.9m | $2.6m | $2.6m | $4.4m | — | |
| Amortization of Intangible Assets | $7.0m | $16.2m | $15.0m | $13.6m | $1.6m | — | $1.6m | $2.7m | $4.3m | $2.8m | — | |
| Capitalized Computer Software, Amortization | $3.1m | $4.7m | $7.3m | $6.6m | $5.5m | — | $7.6m | $3.3m | $1.6m | $900k | — | |
| Amortization of deferred financing costs | $2.0m | $2.2m | $2.2m | $2.8m | $3.2m | $3.2m | $2.9m | $2.6m | $2.6m | $4.4m | — | |
| Amortization of advisor loans | $8.0m | $14.4m | $17.1m | $20.4m | $20.9m | $22.7m | $27.4m | $33.8m | $41.2m | $45.0m | — | |
| Deferred Income Tax Expense (Benefit) | ($11.3m) | ($16.5m) | ($16.7m) | ($11.8m) | $5.2m | — | $19.9m | ($5.0m) | ($2.7m) | ($2.6m) | ($5.1m) | |
| Deferred income taxes | ($11.3m) | ($16.5m) | ($16.7m) | ($11.8m) | $5.4m | ($29.0m) | $19.9m | ($4.8m) | ($2.7m) | ($2.6m) | ($5.1m) | |
| Deferred tax | $10.0m | $18.3m | $6.1m | ($6.7m) | ($13.2m) | ($37.5m) | ($26.0m) | ($9.9m) | ($30.5m) | ($16.0m) | ($5.1m) | |
| Share-based Payment Arrangement, Noncash Expense | $4.9m | $5.0m | $7.8m | $6.3m | $9.4m | — | $15.7m | $20.6m | $8.1m | $10.2m | $10.8m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | $300k | $1.1m | — | $2.0m | $1.7m | $2.1m | $1.4m | — | |
| Share-based Payment Arrangement, Expense | $4.9m | $5.0m | $7.8m | $6.3m | $9.9m | — | $17.2m | $21.1m | $10.1m | $10.2m | $10.8m | |
| Non-cash portion of stock-based compensation | $4.9m | $5.0m | $7.8m | $6.3m | $9.4m | $9.9m | $15.7m | $20.6m | $8.1m | $10.2m | — | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | — | — | — | — | $191.0m | $53.7m | — | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | — | $83.0m | — | $0 | |
| Impairment of Intangible Assets (Excluding Goodwill) | $3.1m | $0 | $0 | — | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | — | — | — | — | — | $53.0m | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | — | — | — | — | — | $0 | — | |
| Loss on impairment of long-lived assets, definite and indefinite-lived intangible assets and goodwill | — | — | — | — | — | — | $23.1m | $0 | $191.0m | $53.7m | — | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | — | — | — | — | — | — | $10.1m | $0 | $0 | — | |
| Income (Loss) from Equity Method Investments | ($1.4m) | $800k | $1.0m | $700k | $1.4m | — | ($5.2m) | ($3.1m) | $0 | $0 | — | |
| Nonoperating Income (Expense) | ($1.1m) | ($4.4m) | $8.8m | ($11.3m) | — | — | — | — | — | — | — | |
| Other Nonoperating Income (Expense) | — | — | — | — | ($400k) | — | $300k | ($4.3m) | ($2.2m) | ($4.3m) | — | |
| Gain from remeasurement of equity method investment | ($59.3m) | $0 | $0 | — | — | $0 | $0 | ($13.7m) | $0 | $0 | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Receivables | ($76.9m) | ($22.7m) | $16.4m | ($31.3m) | $19.5m | ($17.4m) | ($55.0m) | $38.9m | $9.0m | ($11.4m) | $1.0m | |
| Increase in accounts receivable, prepaid expenses and other assets | — | — | — | ($89.2m) | $49.0m | ($322.3m) | ($469.1m) | ($203.7m) | ($210.0m) | ($211.8m) | — | |
| Increase (Decrease) in Inventories | ($65.1m) | $5.9m | $16.8m | $45.4m | $77.0m | — | ($6.3m) | $81.0m | $15.9m | ($87.3m) | ($10.6m) | |
| Inventories | $65.1m | ($5.9m) | ($16.8m) | ($45.4m) | ($71.4m) | ($21.7m) | $6.3m | ($82.7m) | ($15.9m) | $87.3m | ($10.6m) | |
| Accounts payable and accrued expenses and other current liabilities | ($56.0m) | ($3.6m) | $21.1m | ($12.1m) | ($3.7m) | $23.7m | $55.1m | $19.9m | ($55.3m) | $8.7m | $8.7m | |
| Increase in accounts payable, accrued expenses and other liabilities | — | $16.1m | $14.2m | ($15.7m) | ($13.9m) | $153.1m | $39.2m | $9.0m | $16.1m | ($44.6m) | — | |
| Accounts payable | $6.2m | $9.2m | — | — | — | — | — | — | — | — | $8.7m | |
| Increase (decrease) in accrued compensation | — | $57.9m | $36.9m | $16.6m | ($78.6m) | $246.3m | ($85.5m) | ($70.4m) | $63.2m | $75.0m | — | |
| Accrued liabilities | $16.5m | $49.9m | — | — | — | — | — | — | — | — | — | |
| Unearned revenues | ($945k) | $6.7m | — | — | — | — | — | — | — | — | — | |
| Other assets | $35.4m | ($72.8m) | ($18.4m) | $23.9m | $21.1m | ($3.1m) | ($14.2m) | $16.3m | $0 | $13.8m | — | |
| Other liabilities | $700k | $98.1m | ($22.2m) | $5.0m | ($8.4m) | ($19.7m) | ($1.6m) | ($14.8m) | ($4.7m) | $10.8m | — | |
| Prepaid expenses and other assets | $3.0m | ($2.9m) | ($9.0m) | ($16.1m) | — | — | — | — | — | — | — | |
| Other Operating Income (Expense), Net | — | — | — | — | — | — | — | — | $17.0m | $1.6m | — | |
| Net Cash Provided by (Used in) Operating Activities | $167.3m |
$146.9m
-12.19%
|
$190.7m
+29.82%
|
$159.6m
-16.31%
|
$175.2m
+9.77%
|
$149.4m
-14.73%
|
$120.5m
-19.34%
|
$106.0m
-12.03%
|
$14.4m
-86.42%
|
$197.7m
+1272.92%
|
$155.9m
-21.14%
|
|
| Cash flows from investing activities: | ||||||||||||
| Capital expenditures | ($182.2m) | ($114.1m) | ($96.8m) | ($98.1m) | ($84.9m) | ($93.8m) | ($96.7m) | ($156.2m) | ($114.2m) | ($69.7m) | ($78.0m) | |
| Equity earnings from non-consolidated investments | ($894k) | ($923k) | ($1.3m) | ($2.1m) | ($2.9m) | ($6.2m) | ($6.7m) | ($5.1m) | ($7.3m) | ($12.5m) | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $277.7m | $0 | $0 | — | — | — | — | $18.9m | $0 | $0 | $0 | |
| Payments for (Proceeds from) Other Investing Activities | $3.2m | $4.9m | $2.8m | $2.3m | $3.3m | — | ($1.8m) | $4.7m | $1.9m | ($100k) | — | |
| Other investing activities | ($511k) | ($4.8m) | $81k | ($5.9m) | $982k | ($25.3m) | ($6.8m) | $14.3m | ($14.2m) | $1.2m | — | |
| Net Cash Provided by (Used in) Investing Activities | ($467.8m) | ($119.0m) | ($99.6m) | ($100.4m) | ($88.2m) | ($49.4m) | ($80.0m) | ($177.9m) | ($116.1m) | ($50.0m) | ($55.1m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $535.1m | $123.8m | $68.1m | $902.8m | $79.2m | — | $109.1m | $314.6m | $78.6m | — | ($338.7m) | |
| Gain (Loss) on Extinguishment of Debt | ($700k) | $0 | $0 | ($300k) | ($100k) | — | $0 | ($1.0m) | $0 | ($7.6m) | — | |
| Proceeds from Issuance of Long-term Debt | $850.9m | $98.7m | $54.3m | $1.0b | $115.8m | $120.6m | $55.9m | $239.9m | $81.6m | $78.3m | $227.0m | |
| Loss on extinguishment of debt | $700k | $0 | $0 | $300k | $100k | $0 | $0 | $1.0m | $0 | $7.6m | — | |
| Borrowings under revolving credit facility | $384.3m | $295.8m | $457.4m | $574.1m | $300.0m | $505.1m | $466.2m | $150.0m | $422.8m | $244.3m | — | |
| Principal payments on long-term debt | ($535.1m) | ($123.8m) | ($68.1m) | ($902.8m) | ($79.2m) | ($427.3m) | ($109.1m) | ($314.6m) | ($78.6m) | ($265.2m) | — | |
| Increase in long-term debt | $218.1m | $314.9m | $985.8m | $585.4m | $616.1m | $597.3m | $1.6b | $925.0m | $1.9b | $1.3b | — | |
| Repayment of long-term debt | ($201.1m) | ($336.5m) | ($800.0m) | ($644.7m) | ($779.2m) | ($819.9m) | ($700.2m) | ($832.9m) | ($1.7b) | ($1.1b) | — | |
| Payments of Ordinary Dividends, Common Stock | $94.1m | $97.5m | $97.7m | $98.1m | $99.1m | — | $20.8m | $24.9m | $12.6m | $0 | $0 | |
| Proceeds from Issuance of Common Stock | — | — | — | — | — | — | — | $240.7m | $0 | $0 | $0 | |
| Net proceeds from private placement of common stock | — | — | — | — | — | $0 | $0 | $240.7m | $0 | $0 | — | |
| Dividends paid | ($94.1m) | ($97.5m) | ($97.7m) | ($98.1m) | ($99.1m) | ($98.0m) | ($20.8m) | ($24.9m) | ($12.6m) | $0 | $0 | |
| Proceeds from (Payments for) Other Financing Activities | — | $700k | ($1.0m) | ($1.3m) | ($1.9m) | — | ($1.3m) | ($1.5m) | ($2.6m) | ($10.1m) | — | |
| Other financing activities | — | — | — | — | — | ($1.4m) | ($3.2m) | ($917k) | ($3.9m) | ($201k) | — | |
| Net cash (used in) provided by financing activities | $314.6m |
($73.4m)
-123.33%
|
($85.9m)
-17.03%
|
($50.5m)
+41.21%
|
($96.2m)
-90.50%
|
($417.5m)
-333.99%
|
($14.3m)
+96.57%
|
$64.0m
+547.55%
|
$83.1m
+29.84%
|
($108.3m)
-230.32%
|
— | |
| Net Cash Provided by (Used in) Financing Activities | — | ($73.4m) |
($85.9m)
-17.03%
|
($50.5m)
+41.21%
|
($96.2m)
-90.50%
|
— | ($14.3m) |
$64.0m
+547.55%
|
$83.1m
+29.84%
|
($108.3m)
-230.32%
|
($123.9m)
-14.40%
|
|
| Increase (decrease) in cash and cash equivalents | ($3.0m) | ($4.6m) | $18.5m | ($12.0m) | — | — | — | — | — | — | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $7.7m | ($13.7m) | — | $25.1m | ($7.4m) | ($18.5m) | $39.5m | $56.3m | |
| Cash and cash equivalents, beginning of the year | $58.4m | $77.4m | $36.6m | $27.0m | $34.7m | $21.0m | $46.1m | $38.7m | $20.2m | $59.7m | — | |
| Cash and cash equivalents, beginning of year | $116.2m | $113.1m | $108.5m | $127.0m | — | — | — | — | — | — | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $34.7m | $10.6m | — | $46.1m | $38.7m | — | — | $56.3m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | ($1.0m) | ($4.5m) | — | ($1.1m) | $500k | $100k | $100k | $0 | |
| Effect of exchange rate changes on cash and cash equivalents | $4.9m | $4.7m | ($14.8m) | ($1.0m) | ($4.5m) | $1.8m | ($1.1m) | $500k | $100k | $100k | $0 | |
| Effect of exchange rate changes on cash | ($10.7m) | $7.7m | ($6.1m) | ($3.5m) | $8.5m | ($10.4m) | ($33.3m) | — | — | — | $0 | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $26.7m | $42.7m | $52.1m | $60.7m | $65.0m | $60.4m | $52.9m | $54.5m | $66.3m | $59.3m | — | |
| Income Taxes Paid, Net | $59.4m | $27.2m | $38.3m | $33.9m | ($10.3m) | $50.0m | $17.3m | $12.5m | $31.3m | $30.4m | — | |
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | — | $4.6m | — | $14.9m | ($2.3m) | ($700k) | $100k | — | |
| Foreign Currency Transaction Gain (Loss), Realized | ($100k) | ($7.1m) | $5.8m | ($13.0m) | $4.6m | — | $14.9m | $2.3m | $700k | ($100k) | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | — | ($3.7m) | ($4.5m) | $0 | ($2.2m) | — | |
| Goodwill | $412.2m | $405.0m | $350.8m | $343.0m | $55.7m | — | $56.4m | $88.8m | $6.0m | $6.0m | $0 | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | $42.6m | — | ($37.3m) | $10.5m | ($206.1m) | ($79.8m) | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | $20.5m | — | $12.2m | $0 | $0 | — | — | |
| Income Tax Expense (Benefit) | $34.6m | $60.0m | $8.8m | $22.1m | $1.9m | — | $35.0m | $17.1m | $17.9m | $26.1m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $69.5m | $68.5m | — | |
| Investment Income, Interest | — | — | — | — | — | — | — | $5.3m | $1.0m | $1.3m | — | |
| Payments of Financing Costs | $5.7m | $700k | $1.7m | $12.8m | $1.0m | — | $400k | $3.9m | $2.1m | $15.9m | — | |
| Proceeds from Stock Options Exercised | $700k | $300k | $0 | $0 | — | — | $300k | $0 | $0 | — | — | |
| Net (loss) income | $162.7m | $42.7m | $68.8m | $62.5m | $59.5m | ($185.2m) | ($25.1m) | $15.5m | ($206.1m) | ($79.8m) | — | |
| Unrealized (gain) loss on foreign exchange | $0 | $300k | $8.5m | $15.0m | ($2.8m) | ($12.3m) | ($29.1m) | $2.4m | $1.5m | ($1.9m) | — | |
| Net gain from remeasurement of contingent consideration | $0 | ($1.9m) | $0 | $0 | ($18.2m) | ($18.0m) | $0 | $0 | ($22.1m) | ($7.9m) | — | |
| Other, net | ($3.2m) | ($4.9m) | ($2.8m) | ($1.3m) | ($1.9m) | ($1.2m) | ($1.3m) | ($1.5m) | ($2.6m) | ($10.1m) | — | |
| Proceeds from sale of Fortress assets, net of transaction costs | — | — | — | — | $0 | $348.6m | $61.2m | $0 | $0 | $19.6m | — | |
| Acquisition of business, net of cash acquired | ($277.7m) | $0 | $0 | ($80.6m) | ($205.6m) | $0 | $0 | ($18.9m) | $0 | $0 | — | |
| Loss on disposition of assets | — | — | — | — | $0 | ($26.3m) | $3.7m | $4.5m | $0 | $2.2m | — | |
| Repayments under revolving credit facility | ($283.4m) | ($232.0m) | ($429.1m) | ($611.1m) | ($329.7m) | ($516.9m) | ($403.1m) | ($220.0m) | ($314.2m) | ($434.4m) | — | |
| Proceeds from 2030 Notes | — | — | $244.9m | — | $0 | $294.6m | $0 | $0 | $0 | $650.0m | — | |
| Repurchase of 2027 Notes | — | — | — | — | — | — | — | $0 | $0 | ($350.0m) | — | |
| Premium paid to extinguish 2027 Notes | — | — | — | — | — | — | — | $0 | $0 | ($3.9m) | — | |
| Payments for contingent consideration | $0 | ($14.7m) | $0 | $0 | — | — | $0 | $0 | ($9.1m) | $0 | — | |
| Payment of deferred financing costs | ($5.7m) | ($700k) | ($1.7m) | ($12.8m) | ($1.0m) | ($100k) | ($400k) | ($3.9m) | ($2.1m) | ($15.9m) | — | |
| Shares withheld to satisfy employee tax obligations | — | $0 | $0 | ($300k) | ($1.1m) | ($1.3m) | ($2.0m) | ($1.7m) | ($2.1m) | ($1.4m) | — | |
| Net change in cash and cash equivalents | $19.0m | ($40.8m) | ($9.6m) | $7.7m | ($13.7m) | ($13.1m) | $25.1m | ($7.4m) | ($18.5m) | $39.5m | — | |
| Gains attributable to mortgage servicing rights | — | — | — | — | ($17.1m) | ($29.2m) | ($17.4m) | ($17.7m) | ($15.4m) | ($31.2m) | — | |
| Gains attributable to the fair value of mortgage premiums and origination fees | — | — | — | — | ($38.5m) | ($48.8m) | ($16.6m) | ($16.3m) | ($13.0m) | ($24.2m) | — | |
| Contingent consideration (note 7) | — | — | $10.2m | $22.8m | $29.7m | $48.0m | $53.9m | $32.9m | ($53.7m) | ($12.9m) | — | |
| Proceeds received on sale of mortgage loans | — | — | — | — | $1.2b | $2.6b | $1.1b | $1.1b | $1.0b | $2.1b | — | |
| Principal funded on originated mortgage loans | — | — | — | — | ($1.4b) | ($2.5b) | ($973.5m) | ($1.3b) | ($900.2m) | ($2.2b) | — | |
| Increase (decrease) in mortgage warehouse credit facilities | — | — | — | — | $193.2m | ($55.1m) | ($138.6m) | $144.5m | ($96.1m) | $60.6m | — | |
| Sales to (purchases from) AR Facility, net (note 15) | — | — | — | $125.0m | ($27.4m) | ($98.1m) | $171.3m | $31.2m | $1.0m | ($157k) | — | |
| Purchases of fixed assets | ($25.0m) | ($39.5m) | ($35.6m) | ($44.2m) | ($40.4m) | ($58.0m) | ($67.7m) | ($84.5m) | ($65.1m) | ($78.7m) | — | |
| Advisor loans issued | ($26.1m) | ($38.3m) | ($23.7m) | ($21.5m) | ($14.7m) | ($35.6m) | ($55.6m) | ($75.2m) | ($58.4m) | ($78.7m) | — | |
| Purchases of warehouse fund assets | — | — | — | ($94.2m) | ($84.4m) | ($31.1m) | ($161.0m) | ($122.6m) | ($319.2m) | ($159.5m) | — | |
| Proceeds from disposal of warehouse fund assets | — | — | — | — | $178.6m | $10.1m | $137.6m | $74.6m | $76.4m | $94.5m | — | |
| Equity co-investment contributions (note 16) | — | — | — | — | — | — | — | ($4.5m) | ($23.0m) | ($15.5m) | — | |
| Collections of AR facility deferred purchase price (note 15) | — | — | — | $28.1m | $52.0m | $151.2m | $288.0m | $124.3m | $137.6m | $164.3m | — | |
| Purchases of non-controlling interests' subsidiary shares, net | ($14.1m) | ($40.9m) | ($3.7m) | ($11.5m) | ($19.8m) | ($5.5m) | ($31.6m) | ($32.7m) | ($21.7m) | ($64.5m) | — | |
| Sale of non-controlling interests' subsidiary shares | $800k | $3.9m | $2.4m | $1.6m | — | — | — | — | $10.6m | $20.7m | — | |
| Contingent acquisition consideration paid | ($1.4m) | ($4.7m) | ($15.5m) | ($15.0m) | ($11.2m) | ($5.3m) | ($56.3m) | ($17.4m) | ($111k) | ($26.0m) | — | |
| Proceeds received on exercise of stock options | $2.9m | $5.6m | $7.4m | $21.9m | $12.3m | $14.4m | $16.8m | $42.1m | $45.1m | $44.5m | — | |
| Loss on disposal of operations | — | — | — | — | — | $0 | $26.8m | $2.3m | $0 | — | — | |
| Repurchases of Subordinate Voting Shares | — | — | — | — | — | $0 | ($165.7m) | $0 | — | — | — | |
| Settlement of long-term incentive arrangement (note 22) | — | — | — | — | $0 | $375.7m | $0 | — | — | — | — | |
| Non-cash lease expense | — | — | — | — | $5.2m | $18.5m | $5.0m | — | — | — | — | |
| Allowance for credit losses | $4.8m | $4.7m | $6.9m | $5.4m | $15.3m | $8.7m | $5.5m | — | — | — | — | |
| Issuance of convertible notes (note 13) | — | — | — | — | $230.0m | $0 | — | — | — | — | — | |
| Contract assets | — | ($17.2m) | $3.9m | $1.4m | — | — | — | — | — | — | — | |
| Income tax payable | $419k | ($985k) | $6.8m | ($8.4m) | — | — | — | — | — | — | — | |
| Contract liabilities | — | $4.6m | $6.5m | ($6.6m) | — | — | — | — | — | — | — | |
| Unbilled revenues | ($16.5m) | ($1.8m) | — | — | — | — | — | — | — | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.