← National Vision Holdings, Inc.
| 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) Attributable to Parent | $45.8m |
$23.7m
-48.38%
|
$32.8m
+38.66%
|
$36.3m
+10.61%
|
$36.3m
0.00%
|
$42.1m
+16.11%
|
($65.9m)
-256.45%
|
($28.5m)
+56.75%
|
$29.6m
+203.86%
|
$29.6m
0.00%
|
— | |
| Depreciation and amortization | $61.1m | $74.3m | $87.2m | $91.6m | $91.6m | $100.0m | $98.3m | $91.3m | $99.9m | $91.2m | $100.6m | |
| Amortization of Debt Issuance Costs | $4.5m | $200k | $0 | — | $11.9m | $4.3m | $3.4m | $2.1m | — | $1.2m | — | |
| Amortization of Debt Issuance Costs and Discounts | — | $1.8m | $1.3m | $11.9m | $11.9m | $3.3m | $3.4m | $2.1m | — | $1.2m | — | |
| Amortization of Intangible Assets | $8.4m | — | — | — | — | — | $5.3m | $1.4m | — | — | — | |
| Capitalized Computer Software, Amortization | — | — | — | — | — | — | $3.2m | $6.4m | — | — | — | |
| Depreciation | $52.7m | $74.3m | $87.2m | — | $91.6m | $97.1m | $98.3m | $92.7m | $91.2m | $91.2m | $91.6m | |
| Amortization of debt discount and deferred financing costs | — | $1.8m | $1.3m | — | $11.9m | $4.3m | $3.4m | $2.1m | — | $1.2m | — | |
| Amortization of cloud computing implementation costs | — | — | — | — | — | $6.0m | $3.2m | $6.4m | — | $8.7m | — | |
| Amortization Cash Flow | — | — | — | — | — | $6.0m | $3.2m | $6.4m | $8.7m | — | — | |
| Amortization Of Intangibles | — | — | — | — | — | $6.0m | $3.2m | $6.4m | $8.7m | — | $9.0m | |
| Depreciation Amortization Depletion | — | — | — | — | — | $106.0m | $101.4m | $99.1m | $99.9m | — | $100.6m | |
| Deferred Income Tax Expense (Benefit) | ($39.7m) | ($19.3m) | ($2.4m) | ($233k) | ($233k) | $11.0m | ($6.0m) | ($10.0m) | $4.7m | $4.7m | $15.9m | |
| Deferred Tax | — | — | — | — | — | $11.0m | ($6.0m) | ($10.0m) | $4.7m | — | $15.9m | |
| Share-based Payment Arrangement, Noncash Expense | $5.2m | $20.9m | $12.7m | $10.7m | — | $13.5m | $20.2m | $16.7m | — | — | $23.7m | |
| Share-based Payment Arrangement, Expense | — | — | $12.7m | $10.7m | — | $13.5m | $20.2m | $16.7m | — | — | $23.7m | |
| Stock-based compensation expense | $5.2m | $20.9m | $12.7m | — | $10.7m | $14.9m | $20.2m | $16.7m | — | $23.7m | $23.7m | |
| Goodwill and Intangible Asset Impairment | — | — | $0 | $0 | — | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | $0 | — | — | — | — | — | — | — | — | — | $1.5m | |
| Impairment of Intangible Assets, Finite-lived | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Asset impairment | $4.1m | $17.6m | $8.9m | — | $22.0m | $4.4m | $82.4m | $40.1m | — | $2.0m | $1.5m | |
| Asset Impairment Charge | — | — | — | — | — | $5.8m | $82.4m | $40.1m | $2.0m | — | $1.5m | |
| Income (Loss) from Equity Method Investments | ($1.0m) | ($1.3m) | ($1.8m) | ($1.4m) | — | — | — | — | — | — | — | |
| Nonoperating Income (Expense) | — | — | — | — | — | ($462k) | ($14.3m) | — | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | ($50.6m) | $31.2m | $10.8m | ($20.0m) | — | ($18.9m) | |
| Increase (Decrease) in Accounts Receivable | $16.9m | $14.6m | $6.9m | $13.7m | — | $24.8m | $7.8m | ($36.4m) | — | — | $8.5m | |
| Accounts receivable | ($16.9m) | ($14.6m) | ($6.9m) | — | ($13.7m) | $1.2m | ($7.8m) | $36.4m | — | ($8.1m) | $8.5m | |
| Change In Receivables | — | — | — | — | — | ($24.8m) | ($7.8m) | $36.4m | ($8.1m) | — | $8.5m | |
| Changes In Account Receivables | — | — | — | — | — | ($24.8m) | ($7.8m) | $36.4m | ($8.1m) | — | $8.5m | |
| Increase (Decrease) in Inventories | $9.6m | $28.7m | $15.9m | ($11.4m) | — | $1.9m | $457k | ($21.6m) | — | — | ($24.6m) | |
| Inventory Write-down | $5.5m | $3.9m | $4.4m | $4.9m | — | $2.4m | $3.7m | $4.4m | — | — | — | |
| Inventory adjustments | $5.5m | $3.9m | $4.4m | — | $4.9m | $2.5m | $3.7m | $4.4m | — | $5.3m | — | |
| Inventories | ($9.6m) | ($28.7m) | ($15.9m) | — | $11.4m | ($14.9m) | ($457k) | $21.6m | — | ($728k) | ($24.6m) | |
| Change In Inventory | — | — | — | — | — | ($1.9m) | ($457k) | $21.6m | ($728k) | — | ($24.6m) | |
| Increase (Decrease) in Accounts Payable | ($3.7m) | $7.9m | ($2.9m) | $24.1m | $24.1m | $945k | $2.3m | ($13.9m) | — | $25.4m | $50.5m | |
| Deferred and unearned revenue | $6.8m | $3.8m | $5.1m | — | $2.3m | $6.0m | $7.4m | ($5.9m) | — | $12.8m | — | |
| Capital expenditures accrued at the end of the period | $10.8m | $14.1m | $9.1m | — | $8.5m | $10.6m | $5.4m | $9.2m | — | $12.2m | ($70.2m) | |
| Other assets | ($2.1m) | ($7.0m) | $10.1m | — | ($4.4m) | ($6.5m) | ($3.2m) | ($7.3m) | — | ($45.7m) | — | |
| Other liabilities | $12.9m | $12.6m | $7.4m | — | $31.6m | $8.7m | $32.5m | ($17.9m) | — | ($1.9m) | — | |
| Change In Other Current Assets | — | — | — | — | — | ($10.3m) | ($3.2m) | ($7.3m) | ($45.7m) | — | ($39.3m) | |
| Change In Other Current Liabilities | — | — | — | — | — | ($22.2m) | $32.5m | ($17.9m) | ($1.9m) | — | ($15.0m) | |
| Other Operating Income (Expense), Net | — | — | — | $445k | — | $2.6m | $164k | $101k | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $90.3m |
$106.6m
+18.14%
|
$165.1m
+54.82%
|
$235.0m
+42.34%
|
$235.0m
0.00%
|
$119.2m
-49.27%
|
$173.0m
+45.16%
|
$133.6m
-22.76%
|
$146.3m
+9.46%
|
$146.3m
0.00%
|
$175.8m
+20.14%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $93.2m | $104.5m | $101.3m | $76.8m | ($76.8m) | $113.5m | $114.8m | $95.5m | ($72.8m) | ($72.8m) | ($70.2m) | |
| Payments to Acquire Investments | $1.5m | $0 | $0 | — | — | — | — | $1.5m | — | — | $0 | |
| Payments for (Proceeds from) Other Investing Activities | $108k | ($272k) | ($694k) | ($413k) | — | ($2.7m) | $1.0m | $589k | — | — | — | |
| Net Other Investing Changes | — | — | — | — | — | $2.7m | ($1.0m) | ($589k) | ($3.8m) | — | ($3.0m) | |
| Net cash used for investing activities | ($94.8m) | ($104.2m) | ($100.6m) | — | ($76.4m) | ($92.9m) | ($115.8m) | ($96.1m) | — | ($76.6m) | — | |
| Net Cash Provided by (Used in) Investing Activities | ($94.8m) | ($104.2m) | ($100.6m) | ($76.4m) | ($76.4m) | ($110.9m) | ($115.8m) | ($96.1m) | — | ($76.6m) | ($74.7m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $367.7m | $204.3m | $591.9m | $369.3m | $369.3m | $4k | $103.0m | $222.1m | — | $126.3m | ($129.9m) | |
| Gain (Loss) on Extinguishment of Debt | — | — | ($9.8m) | $0 | — | — | ($599k) | $859k | — | — | — | |
| Proceeds from Issuance of Long-term Debt | $174.9m | $200.0m | $566.5m | $548.8m | — | $0 | $0 | $115.0m | — | — | $130.0m | |
| Repayments on long-term debt | ($367.7m) | ($204.3m) | ($591.9m) | — | ($369.3m) | ($167.4m) | ($103.0m) | ($222.1m) | — | ($126.3m) | — | |
| Borrowings on long-term debt | $174.9m | $200.0m | $566.5m | — | $548.8m | $0 | $0 | $115.0m | — | $25.0m | — | |
| Payments of debt issuance costs | ($4.5m) | ($1.4m) | ($2.9m) | — | ($12.4m) | ($900k) | ($3.3m) | ($1.7m) | — | $0 | — | |
| Issuance Of Debt | — | — | — | — | — | $0 | $0 | $115.0m | $25.0m | — | $130.0m | |
| Long Term Debt Issuance | — | — | — | — | — | $0 | $0 | $115.0m | $25.0m | — | $130.0m | |
| Long Term Debt Payments | — | — | — | — | — | ($3.9m) | ($106.9m) | ($225.1m) | ($129.8m) | — | ($129.9m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | ($3.9m) | ($106.9m) | ($110.1m) | ($104.8m) | — | ($104.9m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | ($3.9m) | ($106.9m) | ($110.1m) | ($104.8m) | — | ($104.9m) | |
| Repayment Of Debt | — | — | — | — | — | ($3.9m) | ($106.9m) | ($225.1m) | ($129.8m) | — | ($129.9m) | |
| Payments for Repurchase of Common Stock | — | $1.9m | $25.6m | $689k | — | $84.4m | $28.4m | $3.1m | — | — | — | |
| Proceeds from Issuance of Common Stock | $371.9m | $19.8m | $14.8m | — | $13.1m | $11.8m | $1.8m | $1.5m | — | $3.4m | $3.6m | |
| Common Stock Issuance | — | — | — | — | — | $3.7m | $1.8m | $1.5m | $3.4m | — | $3.6m | |
| Common Stock Payments | — | — | — | — | — | ($84.4m) | ($28.4m) | ($3.1m) | ($3.2m) | — | ($12.1m) | |
| Issuance Of Capital Stock | — | — | — | — | — | $3.7m | $1.8m | $1.5m | $3.4m | — | $3.6m | |
| Net Common Stock Issuance | — | — | — | — | — | ($80.6m) | ($26.6m) | ($1.6m) | $190k | — | ($8.5m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | ($84.4m) | ($28.4m) | ($3.1m) | ($3.2m) | — | ($12.1m) | |
| Dividends paid | $171.0m | $0 | $0 | — | — | — | — | — | — | — | $0 | |
| Proceeds from (Payments for) Other Financing Activities | ($940k) | $0 | $694k | — | $413k | $2.6m | ($1.0m) | ($589k) | — | ($3.8m) | — | |
| Net Other Financing Charges | — | — | — | — | ($900k) | — | ($3.3m) | ($1.7m) | — | — | ($1.7m) | |
| Net cash used for financing activities | $3.8m |
$10.4m
+170.90%
|
($42.1m)
-505.32%
|
— | $176.3m |
($234.3m)
-232.93%
|
($136.8m)
+41.62%
|
($113.3m)
+17.15%
|
— | ($104.6m) | — | |
| Net Cash Provided by (Used in) Financing Activities | $3.8m |
$10.4m
+170.90%
|
($42.1m)
-505.32%
|
$176.3m
+518.31%
|
$176.3m
0.00%
|
($84.6m)
-147.97%
|
($136.8m)
-61.80%
|
($113.3m)
+17.15%
|
— | ($104.6m) |
($113.4m)
-8.35%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($493k) | $12.8m | $22.3m | $334.9m | — | ($76.3m) | ($79.6m) | ($75.8m) | — | ($34.9m) | $69.6m | |
| Cash, cash equivalents and restricted cash, beginning of year | $5.2m | $18.0m | $40.3m | — | $375.2m | $306.9m | $151.0m | $75.2m | — | $40.3m | — | |
| Beginning Cash Position | — | — | — | — | — | $306.9m | $230.6m | $151.0m | $75.2m | — | $81.8m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($493k) | $18.0m | $40.3m | $375.2m | $334.9m | $230.6m | $151.0m | $75.2m | — | ($34.9m) | $69.6m | |
| Net change in cash, cash equivalents and restricted cash | ($493k) | $12.8m | $22.3m | — | $334.9m | ($68.3m) | ($79.6m) | ($75.8m) | — | ($34.9m) | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $47.1m | $33.5m | $33.9m | $30.8m | $30.8m | $16.9m | $11.7m | $13.4m | $19.1m | $19.1m | — | |
| Income Taxes Paid, Net | $2.6m | $1.4m | $684k | $894k | — | $7.5m | $7.6m | $6.3m | $21.1m | — | — | |
| Additional Financial Items | ||||||||||||
| Gain (Loss) Related to Litigation Settlement | ($7.0m) | $0 | $0 | ($4.4m) | — | — | — | — | — | — | — | |
| Goodwill | $792.7m | $777.6m | $777.6m | $777.6m | — | $777.6m | $717.5m | $698.3m | — | — | $1.5m | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | ($27.2m) | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | ($1.3m) | — | — | — | |
| Income Tax Expense (Benefit) | ($38.6m) | ($18.8m) | ($2.3m) | $2.4m | ($233k) | $18.7m | $4.1m | $1.5m | — | $4.7m | — | |
| Operating Expenses | $671.1m | $780.9m | $844.2m | $838.1m | — | $1.0b | $1.2b | $1.1b | — | — | — | |
| Proceeds from Stock Options Exercised | $1.1m | — | — | $13.1m | — | $3.7m | $1.8m | $1.5m | — | — | — | |
| Unrealized Gain (Loss) on Derivatives | — | — | — | ($4.0m) | — | $16.4m | $1.3m | $34k | — | — | — | |
| (Gains) on change in fair value of derivatives | — | $0 | $0 | — | $4.0m | ($3.3m) | ($1.3m) | ($34k) | — | $0 | — | |
| Operating lease right of use assets and liabilities | — | — | ($716k) | — | $1.5m | ($41k) | $524k | ($2.3m) | — | ($1.8m) | — | |
| Payments on finance lease obligations | ($940k) | ($1.8m) | ($3.0m) | — | ($3.2m) | ($4.6m) | ($3.9m) | ($3.0m) | — | ($3.5m) | — | |
| Purchase of treasury stock | $0 | ($1.9m) | ($25.6m) | — | ($689k) | ($73.3m) | ($28.4m) | ($3.1m) | — | ($3.2m) | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | ($84.6m) | ($136.8m) | ($113.3m) | ($104.6m) | — | ($113.4m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | ($110.9m) | ($115.8m) | ($96.1m) | ($76.6m) | — | ($74.7m) | |
| Change In Account Payable | — | — | — | — | — | $945k | $2.3m | ($13.9m) | $25.4m | — | $50.5m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | ($76.3m) | ($79.6m) | ($75.8m) | ($34.9m) | — | — | |
| Change In Other Working Capital | — | — | — | — | — | $7.5m | $7.9m | ($8.2m) | $10.9m | — | $1.2m | |
| Change In Payable | — | — | — | — | — | $945k | $2.3m | ($13.9m) | $25.4m | — | $50.5m | |
| Changes In Cash | — | — | — | — | — | ($76.3m) | ($79.6m) | ($75.8m) | ($34.9m) | — | ($12.3m) | |
| End Cash Position | — | — | — | — | — | $230.6m | $151.0m | $75.2m | $40.3m | — | $69.6m | |
| Financing Cash Flow | — | — | — | — | — | ($84.6m) |
($136.8m)
-61.80%
|
($113.3m)
+17.15%
|
($104.6m)
+7.70%
|
— | ($113.4m) | |
| Free Cash Flow | — | — | — | — | — | $5.7m | $58.3m | $38.1m | $73.5m | — | $105.6m | |
| Gain Loss On Investment Securities | — | — | — | — | ($3.3m) | ($16.4m) | ($1.3m) | ($34k) | — | — | ($34k) | |
| Investing Cash Flow | — | — | — | — | — | ($110.9m) | ($115.8m) | ($96.1m) | ($76.6m) | — | ($74.7m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | ($113.5m) | ($114.8m) | ($95.5m) | ($72.8m) | — | ($70.2m) | |
| Operating Gains Losses | — | — | — | — | ($3.3m) | ($16.4m) | ($1.3m) | ($34k) | — | — | ($34k) | |
| Other Non Cash Items | — | — | — | — | — | $7.8m | $10.9m | $5.5m | $6.5m | — | — | |
| Purchase Of PPE | — | — | — | — | — | ($113.5m) | ($114.8m) | ($95.5m) | ($72.8m) | — | ($70.2m) | |
| Stock Based Compensation | — | — | — | — | — | $13.5m | $20.2m | $16.7m | $23.7m | — | $23.7m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.