← DLH Holdings 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), Including Portion Attributable to Noncontrolling Interest | $3.4m | $3.3m | $1.8m | $5.3m | $7.1m | $10.1m | $23.3m | $1.5m | $7.4m | $1.4m | — | |
| Depreciation, Depletion and Amortization | $1.2m | $1.8m | $2.2m | $4.0m | $7.0m | $8.1m | $7.7m | $15.6m | $17.1m | $17.2m | $16.9m | |
| Amortization of Debt Issuance Costs | $289k | $268k | $275k | $982k | $721k | $792k | $664k | $2.2m | $1.8m | $1.7m | — | |
| Amortization of Intangible Assets | $1.0m | $1.8m | $1.8m | $2.7m | $4.8m | $6.6m | $6.6m | $14.8m | $16.5m | $16.5m | — | |
| Depreciation | $1.2m | $1.7m | $2.2m | $1.2m | $2.2m | $1.5m | $1.1m | $800k | $600k | $700k | $16.9m | |
| Amortization of deferred financing costs charged to interest expense | $289k | $268k | $275k | $982k | $721k | $792k | $664k | $2.2m | $1.8m | $1.7m | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $7.7m | $15.6m | $17.1m | $17.2m | $16.9m | |
| Deferred Income Tax Expense (Benefit) | ($1.1m) | $1.8m | $5.5m | $1.8m | $2.3m | $1.2m | $424k | ($4.5m) | ($3.2m) | ($1.7m) | $5.9m | |
| Deferred taxes, net | ($1.1m) | $1.8m | $5.5m | $1.8m | $2.3m | $1.2m | $358k | ($4.6m) | ($3.2m) | ($1.7m) | — | |
| Deferred Income Tax | — | — | — | — | — | — | $358k | ($4.6m) | ($3.2m) | ($1.7m) | $5.9m | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | — | — | — | — | $1.9m | $1.9m | $1.5m | $1.2m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | — | $650k | $1.9m | $0 | — | |
| Share-based Payment Arrangement, Expense | $466k | $662k | $1.4m | — | — | — | — | $1.9m | $1.9m | $1.5m | $1.2m | |
| Stock-based compensation expense | — | — | — | — | — | $1.7m | $2.6m | $1.9m | $1.9m | $1.5m | $1.2m | |
| Goodwill, Impairment Loss | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Operating Lease, Impairment Loss | — | — | — | — | — | — | — | $7.7m | $0 | — | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $0 | $7.7m | $0 | — | $0 | |
| Nonoperating Income (Expense) | ($1.6m) | ($1.2m) | ($1.1m) | ($2.5m) | ($3.4m) | ($3.8m) | ($2.2m) | ($16.3m) | ($17.2m) | ($15.0m) | — | |
| Other Nonoperating Income (Expense) | ($80k) | $25k | ($41k) | $21k | $121k | $0 | — | — | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($33.3m) | $6.8m | $2.4m | $3.2m | $9.7m | |
| Increase (Decrease) in Accounts Receivable | $3.4m | $5.3m | ($1.6m) | ($617k) | $5.4m | $906k | $7.0m | ($6.8m) | ($9.3m) | ($11.5m) | $20.5m | |
| Accounts receivable | ($3.4m) | ($5.3m) | $1.6m | $617k | ($5.4m) | ($906k) | ($7.0m) | $6.8m | $9.3m | $11.5m | $20.5m | |
| Change In Receivables | — | — | — | — | — | — | ($7.0m) | $6.8m | $9.3m | $11.5m | $20.5m | |
| Changes In Account Receivables | — | — | — | — | — | — | ($7.0m) | $6.8m | $9.3m | $11.5m | $20.5m | |
| Accounts payable and accrued liabilities | $5.1m | $3.9m | $1.3m | $5.3m | $7.2m | $4.1m | ($5.9m) | ($75k) | ($4.4m) | ($6.0m) | ($3.3m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | ($5.5m) | ($3.6m) | ($5.4m) | ($6.7m) | ($3.3m) | |
| Accrued payroll | — | — | $1.3m | $178k | $489k | ($1.5m) | $319k | ($3.5m) | ($946k) | ($697k) | — | |
| Change In Accrued Expense | — | — | — | — | — | — | $319k | ($3.5m) | ($946k) | ($697k) | ($7.2m) | |
| Other assets | $0 | ($56k) | ($162k) | ($57k) | ($1.6m) | ($766k) | $1.4m | $1.8m | $3.3m | ($3.2m) | — | |
| Other liabilities | $94k | $58k | $64k | ($805k) | $839k | $486k | $131k | $1.8m | ($4.8m) | $1.6m | — | |
| Change In Other Current Assets | — | — | — | — | — | — | $1.4m | $1.8m | $3.3m | ($3.2m) | $2.5m | |
| Change In Other Current Liabilities | — | — | — | — | — | — | — | $1.8m | ($4.8m) | $1.6m | ($2.8m) | |
| Net Cash Provided by (Used in) Operating Activities | $6.0m |
$6.5m
+8.01%
|
$14.1m
+115.77%
|
$18.0m
+28.15%
|
$19.5m
+7.83%
|
$45.7m
+134.77%
|
$1.2m
-97.28%
|
$31.0m
+2396.62%
|
$27.4m
-11.82%
|
$23.2m
-15.16%
|
$13.9m
-40.13%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | ($3k) | ($31k) | $0 | — | — | — | — | — | — | — | — | |
| Purchase of equipment and improvements | $0 | ($1.1m) | ($654k) | ($405k) | ($152k) | ($103k) | ($872k) | ($625k) | ($836k) | ($241k) | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $32.2m | $250k | $0 | $67.1m | $32.7m | ($59k) | $0 | $180.6m | $0 | — | $0 | |
| Net Cash Provided by (Used in) Investing Activities | ($32.7m) | ($1.3m) | ($654k) | ($67.5m) | ($32.8m) | ($44k) | ($872k) | ($181.2m) | ($836k) | ($241k) | ($67k) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | — | — | — | $21.7m | $19.0m | $23.2m | $41.8m | $20.2m | $27.3m | $19.0m | ($249.2m) | |
| Proceeds from Issuance of Long-term Debt | — | — | — | $70.0m | $33.0m | $0 | $17.0m | $168.0m | $0 | — | $235.7m | |
| Repayments of debt obligations | — | — | ($12.0m) | ($21.7m) | ($19.0m) | ($23.2m) | ($41.8m) | ($20.2m) | ($27.3m) | ($19.0m) | ($249.2m) | |
| Issuance Of Debt | — | — | — | — | — | — | $17.0m | $373.3m | $361.7m | $253.2m | $235.7m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $17.0m | $373.3m | $361.7m | $253.2m | $235.7m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($41.8m) | ($215.9m) | ($386.5m) | ($276.2m) | ($249.2m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($24.8m) | $157.4m | ($24.8m) | ($23.0m) | ($13.5m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($24.8m) | $157.4m | ($24.8m) | ($23.0m) | ($13.5m) | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | $0 | $9.5m | — | — | — | |
| Repayment Of Debt | — | — | — | — | — | — | ($41.8m) | ($215.9m) | ($386.5m) | ($276.2m) | ($249.2m) | |
| Short Term Debt Issuance | — | — | — | — | — | — | $0 | $205.3m | — | — | — | |
| Short Term Debt Payments | — | — | — | — | — | — | $0 | ($195.7m) | — | — | — | |
| Payments for Repurchase of Common Stock | — | — | — | — | $211k | $0 | — | — | — | — | — | |
| Proceeds from Issuance of Common Stock | — | $0 | — | — | — | $366k | $837k | $1.1m | $261k | $0 | — | |
| Common stock surrendered for the exercise of stock options | — | — | — | — | — | $0 | $256k | $238k | $2.8m | $0 | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($281k) | ($8.3m) | ($1.9m) | ($202k) | ($252k) | |
| Net Cash Provided by (Used in) Financing Activities | $24.6m |
($3.7m)
-115.09%
|
($12.0m)
-223.66%
|
$44.9m
+474.06%
|
$12.9m
-71.15%
|
($22.9m)
-277.10%
|
($24.2m)
-5.53%
|
$150.2m
+720.61%
|
($26.4m)
-117.58%
|
($23.2m)
+12.16%
|
($13.8m)
+40.54%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | ($433k) | $22.7m | ($23.8m) | ($13k) | $127k | ($217k) | $235k | |
| Cash - beginning of year | — | — | — | $1.8m | $1.4m | $24.1m | $228k | $215k | $342k | $125k | — | |
| Beginning Cash Position | — | — | — | — | — | — | $24.1m | $228k | $215k | $342k | $194k | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | $1.4m | $24.1m | $228k | $215k | $342k | $125k | $235k | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $454k | $883k | $800k | $1.5m | $2.8m | $2.9m | $1.5m | $14.2m | $16.0m | $13.5m | — | |
| Additional Financial Items | ||||||||||||
| Gain (Loss) on Termination of Lease | — | — | — | — | $121k | $0 | — | — | — | — | — | |
| General and Administrative Expense | $12.5m | $17.5m | $19.2m | $20.5m | $24.2m | $25.1m | $30.7m | $37.8m | $37.0m | $31.2m | — | |
| Goodwill | $34.7m | $26.0m | $26.0m | $52.8m | $67.1m | $65.6m | $65.6m | $138.2m | $138.2m | $138.2m | $0 | |
| Income Tax Expense (Benefit) | ($938k) | $2.1m | $5.8m | $2.2m | $2.9m | $3.3m | $7.8m | ($641k) | $350k | $393k | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $15.4m | $13.4m | — | |
| Investment Income, Interest | — | — | — | — | — | — | — | $64k | $38k | $71k | — | |
| Operating Costs and Expenses | — | — | — | — | $195.7m | $228.9m | $361.9m | $358.8m | $371.0m | $327.7m | — | |
| Operating Expenses | — | — | — | $150.4m | — | — | — | — | — | — | — | |
| Operating Lease, Expense | — | — | — | — | $4.2m | $3.7m | $3.5m | — | — | — | — | |
| Payments of Financing Costs | — | $0 | $65k | $3.5m | $898k | $43k | $0 | $7.7m | $0 | $202k | — | |
| Proceeds from Stock Options Exercised | — | $129k | $46k | $39k | $55k | $366k | $837k | $1.1m | $261k | $0 | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $133.2m | $160.4m | $209.2m | $246.1m | $395.2m | $375.9m | $395.9m | $344.5m | — | |
| Stock or Unit Option Plan Expense | $465k | $662k | $1.4m | $790k | $910k | $1.7m | $2.6m | — | — | — | — | |
| Proceeds from revolving line of credit | — | — | — | — | — | — | $0 | $205.3m | $361.7m | $253.2m | — | |
| Repayment of revolving line of credit | — | — | — | — | — | — | $0 | ($195.7m) | ($359.2m) | ($257.2m) | — | |
| Payments of deferred financing costs | — | $0 | ($65k) | ($3.5m) | ($898k) | ($43k) | $0 | ($7.7m) | $0 | ($202k) | — | |
| Payment of tax obligations resulting from net exercise of stock options | — | — | — | — | — | $0 | ($281k) | ($650k) | ($1.9m) | $0 | — | |
| Net change in cash | — | — | — | ($4.6m) | ($433k) | $22.7m | ($23.8m) | ($13k) | $127k | ($217k) | — | |
| Cash paid during the year for income taxes | $124k | $337k | $876k | $543k | $917k | $936k | $9.3m | $5.6m | $3.3m | $2.1m | — | |
| Lease liability recognized to acquire a right-of-use asset | — | — | — | — | — | — | — | — | $839k | $4.2m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($24.2m) | $150.2m | ($26.4m) | ($23.2m) | ($13.8m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($872k) | ($181.2m) | ($836k) | ($241k) | ($67k) | |
| Change In Account Payable | — | — | — | — | — | — | ($5.9m) | ($75k) | ($4.4m) | ($6.0m) | ($3.3m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($23.8m) | ($13k) | $127k | ($217k) | — | |
| Change In Other Working Capital | — | — | — | — | — | $22.8m | ($22.1m) | $1.8m | — | — | — | |
| Change In Payable | — | — | — | — | — | — | ($5.9m) | ($75k) | ($4.4m) | ($6.0m) | ($3.3m) | |
| Changes In Cash | — | — | — | — | — | — | ($23.8m) | ($13k) | $127k | ($217k) | $41k | |
| End Cash Position | — | — | — | — | — | — | $228k | $215k | $342k | $125k | $235k | |
| Financing Cash Flow | — | — | — | — | — | — | ($24.2m) |
$150.2m
+720.61%
|
($26.4m)
-117.58%
|
($23.2m)
+12.16%
|
($13.8m)
+40.54%
|
|
| Free Cash Flow | — | — | — | — | — | — | $371k | $30.4m | $26.5m | $23.0m | $13.8m | |
| Investing Cash Flow | — | — | — | — | — | — | ($872k) | ($181.2m) | ($836k) | ($241k) | ($67k) | |
| Net Business Purchase And Sale | — | — | — | — | — | $59k | $0 | ($180.6m) | $0 | — | $0 | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($872k) | ($625k) | ($836k) | ($241k) | ($67k) | |
| Other Non Cash Items | — | — | — | — | — | — | $664k | $2.2m | $1.8m | $1.7m | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $837k | $1.1m | $261k | $0 | $0 | |
| Purchase Of Business | — | — | — | — | — | — | $0 | ($180.6m) | $0 | — | $0 | |
| Purchase Of PPE | $498k | $1.1m | $654k | $405k | $152k | $103k | ($872k) | ($625k) | ($836k) | ($241k) | ($67k) | |
| Sale Of Business | — | — | — | — | — | $59k | $0 | — | — | — | — | |
| Stock Based Compensation | — | — | — | — | — | — | $2.6m | $1.9m | $1.9m | $1.5m | $1.2m |