← CERAGON NETWORKS LTD
| 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 | $11.4m |
$15.6m
+36.14%
|
$23.0m
+48.11%
|
($2.3m)
-110.17%
|
($17.1m)
-629.18%
|
($14.8m)
+13.25%
|
($19.7m)
-32.78%
|
$6.2m
+131.59%
|
$24.1m
+286.86%
|
($2.1m)
-108.69%
|
— | |
| Depreciation and amortization | $10.0m | $9.2m | $7.8m | $9.7m | $12.9m | $12.2m | $11.0m | $10.0m | $12.1m | $14.3m | $14.4m | |
| Amortization of Intangible Assets | $1.6m | $1.5m | $0 | $136k | $393k | $401k | $420k | $632k | $1.8m | $3.5m | — | |
| Depreciation | $8.4m | $7.7m | $7.8m | $9.6m | $10.7m | $11.8m | $10.6m | $9.3m | $10.3m | $10.8m | $10.8m | |
| Deferred Income Tax Expense (Benefit) | $343k | $497k | ($6.6m) | ($258k) | ($23k) | $8.8m | $1.3m | $2.8m | $413k | $0 | — | |
| Share-based Payment Arrangement, Noncash Expense | $1.1m | $1.2m | $2.0m | $2.1m | $1.7m | $2.6m | $3.6m | $4.0m | $4.3m | $4.1m | $4.3m | |
| Share-based Payment Arrangement, Expense | $1.1m | $1.2m | $2.0m | $2.1m | $1.7m | $2.6m | $3.6m | $4.0m | $4.3m | $4.1m | $4.3m | |
| Income (Loss) from Equity Method Investments | — | — | — | ($649k) | ($979k) | — | $0 | — | — | — | — | |
| Nonoperating Income (Expense) | ($6.3m) | ($5.9m) | ($6.3m) | ($6.5m) | ($5.9m) | ($8.6m) | ($6.3m) | ($8.5m) | ($11.5m) | ($6.5m) | — | |
| Other Nonoperating Income (Expense) | — | — | — | ($207k) | ($894k) | $304k | ($170k) | — | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | ($11.1m) | $6.4m | $11.1m | ($4.5m) | ($9.3m) | $11.2m | ($18.4m) | $2.4m | $46.2m | ($52.6m) | $51.5m | |
| Increase (Decrease) in Inventories | ($4.7m) | $8.6m | $956k | $9.5m | ($9.9m) | $11.9m | $11.2m | ($6.3m) | ($7.6m) | $2.1m | $3.8m | |
| Inventory Write-down | $4.5m | $3.9m | $2.8m | $4.8m | $2.9m | $1.9m | $2.0m | $7.7m | $3.9m | $2.8m | — | |
| Increase (Decrease) in Accounts Payable | ($2.4m) | $4.8m | $2.3m | ($15.9m) | $2.0m | $5.9m | ($2.0m) | ($1.8m) | $23.0m | ($22.1m) | ($24.2m) | |
| Other Operating Income (Expense), Net | — | — | — | $895k | $225k | $1.5m | ($2.1m) | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $25.8m |
$17.2m
-33.45%
|
$22.5m
+31.15%
|
($12.9m)
-157.49%
|
$17.2m
+233.36%
|
($15.0m)
-187.09%
|
($4.9m)
+67.41%
|
$30.9m
+730.99%
|
$26.2m
-15.18%
|
$31.6m
+20.45%
|
$35.5m
+12.42%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $8.2m | $8.5m | $10.3m | $11.6m | $6.1m | $9.4m | $10.5m | $10.0m | $14.6m | $13.6m | ($17.2m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | — | $0 | ($82k) | ($20k) | ($61k) | ($207k) | ($44k) | $104k | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | $0 | $0 | $8.0m | $0 | $6.6m | $0 | |
| Payments for (Proceeds from) Other Investing Activities | — | — | ($48k) | ($1.0m) | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($8.2m) | ($10.9m) | ($15.3m) | ($13.9m) | ($6.5m) | ($9.4m) | ($12.4m) | ($20.9m) | ($16.5m) | ($24.0m) | ($17.2m) | |
| Cash flows from financing activities: | ||||||||||||
| Net Cash Provided by (Used in) Financing Activities | ($17.8m) |
($16.7m)
+6.39%
|
$2.6m
+115.63%
|
$15.2m
+482.23%
|
($7.4m)
-148.57%
|
$14.5m
+296.78%
|
$23.1m
+59.05%
|
($4.9m)
-121.03%
|
($1.5m)
+68.69%
|
($5.5m)
-262.02%
|
($7.9m)
-43.54%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | ($259k) | — | ($11.6m) | $3.2m | ($10.0m) | $5.9m | $5.3m | $7.1m | $3.1m | $38.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | $22.9m | $28.2m | $35.3m | $38.4m | $38.1m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $1.7m | $1.8m | $1.8m | $1.8m | $1.1m | $1.3m | $3.5m | $6.0m | $4.7m | $3.6m | — | |
| Income Taxes Paid, Net | $1.4m | $2.5m | $1.6m | $3.8m | $3.0m | $2.0m | $1.9m | $2.8m | $1.1m | $2.6m | — | |
| Additional Financial Items | ||||||||||||
| Derivative, Gain (Loss) on Derivative, Net | ($191k) | ($766k) | ($201k) | — | — | — | — | ($498k) | $0 | $0 | — | |
| General and Administrative Expense | $20.4m | $18.6m | $19.4m | $23.3m | $19.2m | $20.6m | $34.3m | $23.8m | $14.2m | $24.4m | — | |
| Goodwill | — | — | — | — | — | — | — | $7.7m | $7.7m | $11.0m | — | |
| Income Tax Expense (Benefit) | $1.8m | $1.7m | ($3.3m) | $2.5m | $2.6m | $11.0m | $2.4m | $6.5m | $3.2m | $2.8m | — | |
| Investment Income, Interest | $242k | $126k | $111k | $111k | $79k | $160k | $107k | $93k | $143k | $246k | — | |
| Litigation Settlement Loss | — | — | — | — | — | — | — | — | $1.2m | $1.2m | — | |
| Operating Expenses | $79.7m | $84.2m | $90.0m | $89.5m | $83.2m | $83.6m | $104.0m | $98.7m | $98.1m | $107.3m | — | |
| Operating Lease, Expense | — | — | — | $5.6m | $5.5m | $4.9m | $4.4m | $4.0m | — | — | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | $261k | $1.8m | ($1.4m) | $895k | $225k | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | $75k | $294k | $2.6m | $602k | $1.2m | $4.7m | $410k | $39k | $5.9m | $690k | — | |
| Provision for Loan, Lease, and Other Losses | — | — | — | — | $1.6m | $3.1m | $14.5m | $3.9m | $621k | $616k | — | |
| Restructuring Costs | — | — | — | — | — | — | — | $897k | $1.4m | $3.7m | — |