← CORVEL CORP
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $29.5m | $35.7m | $46.7m | $47.4m | $46.4m | $66.4m | $66.4m | $76.3m | $95.2m | $110.3m | — | |
| Depreciation, Depletion and Amortization | $20.9m | $21.8m | $23.0m | $22.5m | $23.4m | $23.9m | $25.1m | $26.3m | $29.5m | $31.8m | $32.9m | |
| Amortization of Intangible Assets | $437k | $437k | $440k | $435k | $435k | $435k | $425k | $423k | $383k | $175k | — | |
| Depreciation | $20.5m | $21.3m | $22.5m | $22.1m | $23.0m | $23.5m | $24.7m | $25.8m | $29.2m | $31.6m | $31.6m | |
| Deferred Income Tax Expense (Benefit) | ($1.2m) | ($874k) | $1.5m | $1.5m | ($8.4m) | $2.3m | ($1.9m) | ($3.3m) | ($5.2m) | $4.8m | $4.8m | |
| Share-based Payment Arrangement, Noncash Expense | $2.4m | $3.2m | $4.3m | $4.5m | $5.0m | $5.2m | $5.6m | $5.0m | $5.7m | $5.4m | $5.4m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | — | — | — | $5.4m | $5.4m | |
| Goodwill and Intangible Asset Impairment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $5.4m | $4.7m | $8.3m | ($4.0m) | $976k | $18.0m | ($336k) | $17.9m | $10.5m | ($2.7m) | ($9.4m) | |
| Net Cash Provided by (Used in) Operating Activities | $52.1m |
$62.2m
+19.40%
|
$78.6m
+26.53%
|
$80.8m
+2.78%
|
$94.4m
+16.77%
|
$67.2m
-28.77%
|
$82.3m
+22.41%
|
$99.2m
+20.60%
|
$127.3m
+28.29%
|
$155.6m
+22.25%
|
$150.6m
-3.27%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $31.0m | $27.7m | $15.3m | $32.4m | $17.2m | $29.8m | $26.3m | $29.2m | $35.8m | $45.4m | ($36.7m) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($733k) | ($1.2m) | ($306k) | ($149k) | ($590k) | ($122k) | ($415k) | ($290k) | ($443k) | ($710k) | — | |
| Net Cash Provided by (Used in) Investing Activities | ($31.0m) | ($27.7m) | ($15.3m) | ($32.4m) | ($17.2m) | ($29.8m) | ($26.3m) | ($29.2m) | ($35.8m) | ($45.4m) | ($36.7m) | |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common Stock | $28.0m | $11.2m | $35.2m | $65.6m | $32.7m | $90.1m | $93.7m | $45.7m | $37.6m | $56.2m | — | |
| Net Cash Provided by (Used in) Financing Activities | ($25.2m) |
($7.3m)
+71.03%
|
($27.4m)
-275.50%
|
($57.0m)
-107.69%
|
($20.6m)
+63.76%
|
($79.6m)
-285.68%
|
($82.1m)
-3.18%
|
($35.8m)
+56.46%
|
($26.5m)
+25.79%
|
($47.8m)
-80.09%
|
($60.0m)
-25.46%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($4.2m) | $27.2m | $35.9m | ($8.5m) | $56.5m | ($42.2m) | ($26.2m) | $34.2m | $65.0m | $62.5m | $255.9m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Income Taxes Paid, Net | $18.3m | $16.2m | $12.9m | $15.1m | $20.8m | $19.4m | $20.0m | $22.9m | $28.1m | $31.1m | — | |
| Additional Financial Items | ||||||||||||
| General and Administrative Expense | $57.2m | $59.4m | $63.3m | $65.2m | $64.4m | $67.6m | $73.7m | $76.6m | $88.9m | $89.7m | — | |
| Goodwill | $36.8m | $36.8m | $36.8m | $36.8m | $36.8m | $36.8m | $36.8m | $36.8m | $36.8m | $36.8m | $695k | |
| Income Tax Expense (Benefit) | $18.1m | $12.2m | $14.8m | $13.3m | $12.8m | $18.1m | $18.2m | $18.8m | $25.7m | $32.8m | — | |
| Proceeds from Stock Options Exercised | $2.4m | $3.4m | $7.2m | $8.1m | $11.5m | $9.9m | $10.9m | $9.3m | $10.3m | $7.6m | — |