← CTS 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 earnings | $34.4m |
$14.4m
-57.98%
|
$46.5m
+222.07%
|
$36.1m
-22.32%
|
$34.7m
-4.04%
|
($41.9m)
-220.70%
|
$59.6m
+242.30%
|
$60.5m
+1.61%
|
$58.1m
-3.99%
|
$65.3m
+12.39%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $34.4m | $14.4m | $46.5m | $36.1m | $34.7m | ($41.9m) | $59.6m | $60.5m | $58.1m | $65.3m | — | |
| Depreciation, Depletion and Amortization | $19.0m | $20.7m | $22.5m | $24.6m | $26.7m | $26.9m | $29.8m | $28.7m | $30.9m | $34.5m | $35.1m | |
| Amortization of Debt Issuance Costs | $163k | $185k | $185k | $163k | $168k | $169k | $194k | $194k | $194k | $198k | — | |
| Amortization of Intangible Assets | $5.8m | $6.6m | $6.8m | $7.8m | $9.1m | $9.4m | $11.6m | $11.0m | $13.3m | $16.2m | — | |
| Depreciation | $19.0m | $20.7m | $22.5m | $24.6m | $17.6m | $17.5m | $18.1m | $17.7m | $17.6m | $18.4m | $18.9m | |
| Deferred Income Tax Expense (Benefit) | $10.4m | $17.0m | ($570k) | $3.8m | ($693k) | ($31.0m) | $492k | ($990k) | ($1.1m) | $2.2m | $3.1m | |
| Deferred income taxes | $10.3m | $16.7m | ($1.0m) | $2.4m | ($2.0m) | ($31.0m) | $492k | ($4.0m) | ($2.8m) | ($412k) | $3.1m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $1.8m | $1.6m | $1.5m | $2.7m | $1.9m | $1.5m | $1.5m | $3.3m | $3.1m | $2.7m | — | |
| Stock-based compensation | $2.7m | $4.2m | $5.3m | $5.0m | $3.4m | $6.1m | $7.7m | $5.2m | $5.7m | $4.9m | $6.6m | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | — | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $0 | $0 | $0 | — | — | — | — | — | — | — | — | |
| Nonoperating Income (Expense) | ($5.9m) | $1.8m | ($2.9m) | ($3.5m) | $350k | ($137.4m) | ($12.3m) | $102k | ($1.6m) | $1.1m | — | |
| Other Nonoperating Income (Expense) | ($3.5m) | $3.8m | ($2.7m) | ($2.6m) | $2.6m | ($136.1m) | ($11.4m) | ($1.2m) | ($1.6m) | $3.3m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $7.1m | $5.2m | $9.9m | ($3.8m) | $343k | $928k | $5.9m | ($12.6m) | ($27k) | $7.4m | ($6.4m) | |
| Accounts receivable | ($7.1m) | ($5.2m) | ($9.9m) | $3.8m | ($343k) | ($928k) | ($5.9m) | $12.6m | $27k | ($7.4m) | ($6.4m) | |
| Increase (Decrease) in Inventories | $2.3m | $5.4m | $7.5m | ($4.4m) | $578k | $3.6m | $8.2m | ($2.4m) | ($11.9m) | ($1.4m) | ($2.7m) | |
| Non-cash inventory charges | — | — | — | — | $0 | $0 | $4.0m | — | $2.1m | $0 | — | |
| Inventories | ($2.3m) | ($5.4m) | ($7.5m) | $4.4m | ($578k) | ($3.6m) | ($8.2m) | $2.4m | $11.9m | $1.4m | ($2.7m) | |
| Increase (Decrease) in Accounts Payable | $537k | $5.4m | $5.1m | ($4.7m) | $3.9m | $3.1m | ($2.3m) | ($9.8m) | ($1.8m) | $4.2m | $3.3m | |
| Accrued payroll and benefits | $1.9m | ($1.7m) | $2.3m | ($5.9m) | $2.5m | $5.0m | $450k | ($6.5m) | $1.8m | $3.4m | — | |
| Accrued expenses and other liabilities | ($52k) | ($2.9m) | $258k | $921k | $2.0m | ($7.9m) | ($1.4m) | ($2.8m) | ($5.3m) | $5.1m | — | |
| Other assets | ($289k) | ($1.5m) | ($2.7m) | ($2.6m) | $3.7m | ($2.1m) | $5.6m | $767k | $900k | ($2.7m) | — | |
| Net Cash Provided by (Used in) Operating Activities | $47.2m |
$58.0m
+22.98%
|
$58.2m
+0.18%
|
$64.4m
+10.75%
|
$76.8m
+19.22%
|
$86.1m
+12.19%
|
$121.2m
+40.70%
|
$88.8m
-26.72%
|
$99.3m
+11.80%
|
$102.1m
+2.84%
|
$109.0m
+6.72%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | $11.4m | ($708k) | $0 | $63k | $0 | $0 | — | — | — | — | ($535k) | |
| Capital expenditures | ($20.5m) | ($18.1m) | ($28.5m) | ($21.7m) | ($14.9m) | ($15.6m) | ($14.3m) | ($14.7m) | ($18.6m) | ($15.7m) | ($17.6m) | |
| Capital expenditures incurred not paid | $3.2m | $5.9m | $4.3m | $4.1m | $729k | $2.3m | $2.5m | $2.1m | $2.3m | $1.7m | ($17.6m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $73.1m | $19.1m | $0 | $73.9m | $8.3m | $255k | $96.9m | $3.4m | $121.9m | $0 | $0 | |
| Payments for acquisitions, net of cash acquired | ($73.1m) | ($19.1m) | $0 | ($73.9m) | ($8.3m) | ($255k) | ($96.9m) | ($3.4m) | ($121.9m) | $0 | — | |
| Net Cash Provided by (Used in) Investing Activities | ($81.3m) | ($36.7m) | ($28.5m) | ($95.5m) | ($23.2m) | ($15.9m) | ($111.2m) | ($18.1m) | ($140.6m) | ($18.5m) | ($17.5m) | |
| Cash flows from financing activities: | ||||||||||||
| Payments of long-term debt | ($2.5b) | ($1.5b) | ($1.1b) | ($1.9b) | ($3.8b) | ($808.8m) | ($722.9m) | ($774.5m) | ($891.8m) | ($1.1b) | — | |
| Proceeds from borrowings of long-term debt | $2.5b | $1.5b | $1.0b | $1.9b | $3.7b | $804.2m | $756.6m | $758.4m | $915.6m | $1.1b | — | |
| Payments for Repurchase of Common Stock | $0 | $0 | $9.4m | $11.7m | $8.1m | $8.8m | $21.4m | $40.9m | $42.6m | $56.2m | — | |
| Payments of Ordinary Dividends, Common Stock | $5 | $5 | $5 | $5 | $5 | $5 | $5 | $5 | $5 | $5 | ($4.6m) | |
| Dividends Payable, Current | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 | — | |
| Dividends paid | ($5) | ($5) | ($5) | ($5) | ($5) | ($5) | ($5) | ($5) | ($5) | ($5) | ($4.6m) | |
| Proceeds from (Payments for) Other Financing Activities | $0 | — | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | ($8.6m) |
($20.8m)
-140.82%
|
($42.5m)
-104.16%
|
$30.1m
+170.74%
|
($61.3m)
-304.04%
|
($20.7m)
+66.23%
|
$4.3m
+120.93%
|
($65.4m)
-1608.28%
|
($27.9m)
+57.29%
|
($98.4m)
-252.38%
|
($84.8m)
+13.86%
|
|
| Net (decrease) increase in cash and cash equivalents | ($43.1m) | ($233k) | ($12.6m) | ($692k) | ($8.5m) | $49.7m | $15.4m | $7.0m | ($69.5m) | ($12.0m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | ($8.5m) | $49.7m | $15.4m | $7.0m | ($69.5m) | ($12.0m) | $106.2m | |
| Cash and cash equivalents at beginning of year | $156.9m | $113.8m | $113.6m | $100.9m | $100.2m | $91.8m | $156.9m | $163.9m | $94.3m | $82.3m | $99.4m | |
| Effect of exchange rate on cash and cash equivalents | ($415k) | ($793k) | $187k | $346k | ($751k) | $159k | $1.1m | $1.7m | ($340k) | $2.8m | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $2.9m | $2.1m | $1.6m | $2.0m | $2.6m | $1.9m | $2.0m | $3.1m | $4.2m | $4.0m | — | |
| Income Taxes Paid, Net | $10.5m | $10.9m | $9.9m | $11.1m | $12.0m | $16.9m | $20.1m | $20.2m | $16.6m | $16.8m | — | |
| Additional Financial Items | ||||||||||||
| Derivative, Gain (Loss) on Derivative, Net | — | — | — | — | ($1.3m) | $640k | $1.5m | $5.0m | $2.7m | $488k | — | |
| Environmental Remediation Expense | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Goodwill | $61.7m | $71.1m | $71.1m | $106.1m | $109.5m | $109.8m | $152.4m | $157.6m | $199.9m | $209.6m | — | |
| Income Tax Expense (Benefit) | $22.9m | $25.8m | $11.6m | $14.1m | $10.8m | ($19.0m) | $21.2m | $14.6m | $13.1m | $18.5m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $4.2m | $4.3m | — | |
| Investment Income, Interest | $1.3m | $1.3m | $1.8m | $1.7m | $1.0m | $840k | $1.3m | $4.6m | $4.3m | $2.1m | — | |
| Proceeds from Stock Options Exercised | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Restructuring Costs | — | — | — | — | $300k | $0 | $0 | $1.5m | — | — | — | |
| Pensions and other post-retirement plan expense | — | — | $422k | $1.0m | $2.7m | $132.7m | ($1.8m) | $135k | $302k | $168k | — | |
| Restructuring non-cash charges | — | — | $0 | $1.7m | $300k | $0 | $0 | $1.5m | — | $0 | — | |
| Change in fair value of contingent consideration liability | — | — | — | — | — | — | — | $200k | ($1.8m) | ($3.6m) | — | |
| (Gain) loss on foreign currency hedges, net of cash | ($36k) | $94k | ($82k) | $97k | — | ($35k) | ($214k) | $154k | ($575k) | ($320k) | — | |
| Operating lease assets | — | $0 | $0 | ($2.6m) | $1.4m | $1.7m | $1.3m | ($3.7m) | $4.2m | $397k | — | |
| Operating lease liabilities | — | $0 | $0 | $2.9m | ($1.3m) | ($1.7m) | ($1.4m) | $3.7m | ($4.2m) | ($545k) | — | |
| Pension and other post-retirement plans | ($303k) | ($319k) | ($382k) | ($287k) | ($256k) | ($287k) | $33.5m | ($110k) | ($227k) | ($147k) | — | |
| Purchase of treasury stock | $0 | $0 | ($9.4m) | ($11.7m) | ($8.1m) | ($8.8m) | ($21.4m) | ($40.9m) | ($42.6m) | ($56.2m) | — | |
| Contingent consideration payments | — | — | $0 | $0 | ($1.1m) | ($650k) | ($1.2m) | — | ($1.1m) | $0 | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.