← FIRST ADVANTAGE CORP
| Annual Trend | 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 | — | ($47.5m) |
$16.1m
+133.80%
|
$64.6m
+302.49%
|
$37.3m
-42.27%
|
($110.3m)
-395.69%
|
($34.8m)
+68.42%
|
$25.1m
+172.20%
|
|
| Depreciation and amortization | $26.0m | $135.1m | $142.8m | $138.2m | $129.5m | $145.9m | $248.6m | $249.1m | |
| Amortization of deferred financing costs | $3.2m | $3.2m | $5.9m | $1.8m | $1.8m | $2.6m | $6.3m | — | |
| Amortization Cash Flow | — | — | — | — | — | $68.7m | $136.7m | — | |
| Amortization Of Intangibles | — | — | — | — | — | $68.7m | $136.7m | $136.7m | |
| Depreciation Amortization Depletion | — | — | — | $138.2m | $129.5m | $145.9m | $248.6m | $249.1m | |
| Depreciation, Depletion and Amortization | $26.0m | $62.3m | $69.4m | $70.0m | $67.4m | $77.2m | $111.8m | $249.1m | |
| Amortization of Debt Issuance Costs | — | $3.2m | $5.9m | $1.8m | $1.8m | $2.6m | $6.3m | — | |
| Amortization of Intangible Assets | — | $72.7m | $73.5m | $68.3m | $62.1m | $68.7m | $136.7m | — | |
| Deferred taxes | $2.1m | ($16.7m) | ($2.9m) | $4.6m | ($19.5m) | ($31.4m) | ($31.0m) | — | |
| Deferred Income Tax | — | — | — | $4.6m | ($19.5m) | ($31.4m) | ($31.0m) | ($22.2m) | |
| Deferred Income Tax Expense (Benefit) | — | ($17.2m) | ($2.8m) | $5.9m | ($19.6m) | ($29.9m) | ($32.9m) | ($22.2m) | |
| Share-based compensation | $1.2m | $1.9m | $9.5m | $7.9m | $15.3m | $31.8m | $24.5m | $20.4m | |
| Proceeds from issuance of common stock under share-based compensation plans | — | — | $387k | $3.5m | $4.6m | $14.7m | $3.8m | — | |
| Net settlement of share-based compensation plan awards | — | — | ($332k) | ($378k) | ($350k) | ($14.3m) | ($3.9m) | — | |
| Share-based Payment Arrangement, Noncash Expense | — | $1.9m | $9.5m | $7.9m | $15.3m | $31.8m | $24.5m | $20.4m | |
| Share-based Payment Arrangement, Expense | — | $1.9m | $9.5m | $7.9m | $15.3m | $31.8m | $24.5m | $20.4m | |
| Loss (gain) on disposal and impairment of long-lived assets | ($23k) | $19k | $76k | $1.3m | $1.6m | ($275k) | $2.2m | — | |
| Asset Impairment Charge | — | — | — | $207k | ($56k) | $158k | $705k | $3.0m | |
| Operating Lease, Impairment Loss | — | — | — | $900k | $1.7m | $0 | — | — | |
| Other Nonoperating Income (Expense) | — | ($56.8m) | ($38.9m) | ($9.2m) | ($33.0m) | ($52.2m) | ($169.7m) | — | |
| Changes in operating assets and liabilities: | |||||||||
| Change In Working Capital | — | — | — | $6.5m | ($3.2m) | ($168k) | ($27.1m) | ($20.5m) | |
| Accounts receivable | ($11.0m) | ($28.5m) | ($40.8m) | $9.1m | $2.3m | $20.8m | ($29.7m) | ($30.1m) | |
| Change In Receivables | — | — | — | $9.1m | $2.3m | $20.8m | ($29.7m) | ($30.1m) | |
| Changes In Account Receivables | — | — | — | $9.1m | $2.3m | $20.8m | ($29.7m) | ($30.1m) | |
| Increase (Decrease) in Accounts Receivable | — | $28.5m | $40.8m | ($9.1m) | ($2.3m) | ($20.8m) | $29.7m | ($30.1m) | |
| Accounts Receivable, Credit Loss Expense (Reversal) | — | $350k | ($17k) | $207k | ($56k) | $158k | $705k | ($30.1m) | |
| Accounts payable | $12.8m | $16.5m | $7.5m | $3.0m | ($8.5m) | ($25.4m) | ($16.0m) | $12.5m | |
| Change In Payables And Accrued Expense | — | — | — | ($8.4m) | ($17.8m) | ($18.3m) | ($9.6m) | $12.5m | |
| Accrued compensation and accrued liabilities | ($7.3m) | $880k | $8.5m | ($11.4m) | ($9.3m) | $7.2m | $6.4m | — | |
| Deferred revenues | ($13k) | ($271k) | $196k | $91k | $788k | $762k | $735k | — | |
| Change In Accrued Expense | — | — | — | ($11.4m) | ($9.3m) | $7.2m | $6.4m | ($3.7m) | |
| Purchases of property and equipment, accrued but unpaid | — | $5.3m | $7.3m | $6.2m | $2.1m | $1.7m | $6.6m | ($65.9m) | |
| Prepaid expenses and other assets | $9.9m | $3.6m | ($5.4m) | $4.9m | $13.4m | ($1.9m) | $12.4m | — | |
| Other liabilities | $836k | $826k | ($87k) | $4.7m | $347k | ($961k) | ($1.3m) | — | |
| Change In Other Current Liabilities | — | — | — | $3.8m | ($1.0m) | ($1.8m) | ($1.3m) | ($2.5m) | |
| Net cash provided by operating activities | $71.6m |
$72.9m
+1.77%
|
$148.7m
+104.08%
|
$212.8m
+43.11%
|
$162.8m
-23.48%
|
$28.2m
-82.68%
|
$195.1m
+592.03%
|
$261.3m
+33.93%
|
|
| Net Cash Provided by (Used in) Operating Activities | $71.6m |
$72.9m
+1.77%
|
$148.7m
+104.08%
|
$212.8m
+43.11%
|
$162.8m
-23.48%
|
$28.2m
-82.68%
|
$195.1m
+592.03%
|
$261.3m
+33.93%
|
|
| Cash flows from investing activities: | |||||||||
| Purchases of property and equipment | ($6.6m) | ($5.3m) | ($7.3m) | ($6.2m) | ($2.1m) | ($1.7m) | ($6.6m) | ($65.9m) | |
| Property and equipment acquired on account | $651k | $88k | $3.6m | $105k | $118k | $539k | $3.1m | — | |
| Non-cash property and equipment additions | $651k | $88k | $3.6m | $0 | $0 | $540k | $0 | — | |
| Capital Expenditure Reported | — | — | — | ($22.4m) | ($25.6m) | ($30.5m) | ($47.6m) | ($65.9m) | |
| Payments to Acquire Property, Plant, and Equipment | $651k | $5.3m | $7.3m | $6.2m | $2.1m | $1.7m | $6.6m | ($65.9m) | |
| Acquisitions of businesses, net of cash acquired | $0 | $0 | ($48.9m) | ($19.1m) | ($41.1m) | ($1.6b) | $0 | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $0 | $48.9m | $19.1m | $41.1m | $1.6b | $0 | $0 | |
| Other investing activities | — | — | $305k | ($1.0m) | $2.0m | $89k | $122k | — | |
| Net Other Investing Changes | — | — | — | ($1.0m) | $2.0m | $89k | $122k | $2.1m | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | ($2.0m) | ($89k) | ($122k) | — | |
| Net cash used in investing activities | ($17.8m) | ($15.6m) | ($72.4m) | ($48.6m) | ($66.8m) | ($1.7b) | ($54.1m) | ($63.8m) | |
| Net Cash Provided by (Used in) Investing Activities | ($17.8m) | ($15.6m) | ($72.4m) | ($48.6m) | ($66.8m) | ($1.7b) | ($54.1m) | ($63.8m) | |
| Cash flows from financing activities: | |||||||||
| Loss on extinguishment of debt | $0 | $0 | $13.9m | $0 | $0 | $383k | $1.1m | — | |
| Gain (Loss) on Extinguishment of Debt | — | $0 | ($13.9m) | $0 | $0 | ($383k) | ($1.1m) | — | |
| Bad debt expense (recovery) | $88k | $350k | ($17k) | $207k | ($56k) | $158k | $705k | — | |
| Borrowings from First Lien Credit Facility | $0 | $0 | $261.4m | $0 | $0 | $1.7b | $0 | — | |
| Payments of debt issuance costs | $0 | ($1.4m) | ($1.3m) | $0 | $0 | ($38.2m) | $0 | — | |
| Issuance Of Debt | — | — | — | $0 | $0 | $1.7b | $0 | $0 | |
| Long Term Debt Issuance | — | — | — | $0 | $0 | $1.7b | $0 | $0 | |
| Net Issuance Payments Of Debt | — | — | — | ($884k) | ($104k) | $1.6b | ($70.5m) | ($100.0m) | |
| Net Long Term Debt Issuance | — | — | — | ($884k) | ($104k) | $1.6b | ($70.5m) | ($100.0m) | |
| Long Term Debt Payments | — | — | — | ($884k) | ($104k) | ($59.2m) | ($70.5m) | ($100.0m) | |
| Repayment Of Debt | — | — | — | ($884k) | ($104k) | ($59.2m) | ($70.5m) | ($100.0m) | |
| Issuance Of Capital Stock | — | — | $320.8m | $0 | $0 | — | — | — | |
| Repurchase Of Capital Stock | — | — | — | ($60.5m) | ($59.0m) | $0 | $0 | ($38.2m) | |
| Common Stock Issuance | — | — | $320.8m | $0 | $0 | — | — | — | |
| Net Common Stock Issuance | — | — | — | ($60.5m) | ($59.0m) | $0 | $0 | ($38.2m) | |
| Common Stock Payments | — | — | — | ($60.5m) | ($59.0m) | $0 | $0 | ($38.2m) | |
| Payments for Repurchase of Common Stock | — | — | — | — | $59.5m | — | — | — | |
| Common Stock Dividend Paid | — | — | — | $0 | ($217.7m) | ($255k) | ($133k) | ($109k) | |
| Cash dividends paid | — | — | $0 | $0 | ($217.7m) | ($255k) | ($133k) | ($109k) | |
| Dividends declared but not paid | — | — | $0 | $0 | $614k | $0 | $0 | — | |
| Net Other Financing Charges | — | — | ($6.0m) | ($884k) | ($938k) | ($38.9m) | — | ($38.9m) | |
| Net cash (used in) provided by financing activities | ($3.2m) |
$46.4m
+1561.08%
|
$63.8m
+37.59%
|
($59.2m)
-192.65%
|
($273.6m)
-362.45%
|
$1.6b
+677.97%
|
($70.8m)
-104.48%
|
— | |
| Net Cash Provided by (Used in) Financing Activities | — | $46.4m |
$63.8m
+37.59%
|
($59.2m)
-192.65%
|
($273.6m)
-362.45%
|
$1.6b
+677.97%
|
($70.8m)
-104.48%
|
($134.9m)
-90.64%
|
|
| Increase (decrease) in cash, cash equivalents, and restricted cash | $50.5m | $104.7m | $139.8m | $99.0m | ($177.9m) | ($44.4m) | $70.6m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $104.7m | $139.8m | $99.0m | ($177.9m) | ($44.4m) | $70.6m | $247.0m | |
| Beginning Cash Position | — | — | — | $292.8m | $391.8m | $213.9m | $169.5m | $184.3m | |
| Cash, cash equivalents, and restricted cash at beginning of period | $80.7m | $153.0m | $292.8m | $391.8m | $213.9m | $169.5m | $240.1m | — | |
| Effect of exchange rate on cash, cash equivalents, and restricted cash | ($130k) | $1.0m | ($278k) | ($6.0m) | ($301k) | ($1.7m) | $362k | — | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $1.0m | ($278k) | ($6.0m) | ($301k) | ($1.7m) | $362k | ($9.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $153.0m | $292.8m | $391.8m | $213.9m | $169.5m | $240.1m | $247.0m | |
| Loss on foreign currency exchange rates | ($110k) | ($31k) | ($575k) | $91k | $8k | $0 | $0 | — | |
| Effect Of Exchange Rate Changes | — | — | — | ($6.0m) | ($301k) | ($1.7m) | $362k | ($9.0m) | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Operating lease liabilities | — | — | $0 | ($898k) | ($1.4m) | ($883k) | ($35k) | — | |
| Gain (Loss) on Disposition of Assets | — | ($19k) | ($76k) | ($1.3m) | ($1.6m) | $275k | ($2.2m) | — | |
| Income Tax Expense (Benefit) | — | $11.4m | ($8.9m) | $20.5m | $11.2m | ($4.3m) | ($2.4m) | — | |
| Noncash investing and financing activities: | |||||||||
| Additional Financial Items | |||||||||
| Net (loss) income | $34.2m | ($47.5m) | $16.1m | $64.6m | $37.3m | ($110.3m) | ($34.8m) | — | |
| Change in fair value of interest rate swaps | $0 | $3.6m | ($2.3m) | ($12.4m) | $116k | ($10.5m) | $4.8m | — | |
| Income taxes receivable and payable, net | ($659k) | ($79k) | $1.3m | ($3.0m) | ($929k) | $321k | $338k | — | |
| Capitalized software development costs | ($10.1m) | ($10.5m) | ($16.5m) | ($22.4m) | ($25.6m) | ($30.5m) | ($47.6m) | — | |
| Repayments of First Lien Credit Facility | $0 | ($3.4m) | ($510.5m) | $0 | $0 | ($59.2m) | ($70.5m) | — | |
| Payments on deferred purchase agreements | $0 | $0 | ($705k) | ($884k) | ($938k) | ($703k) | $0 | — | |
| Payments on finance lease obligations | — | ($2.4m) | ($1.7m) | ($884k) | ($104k) | ($6k) | $0 | — | |
| Share repurchases | — | — | $0 | ($60.5m) | ($59.0m) | $0 | $0 | — | |
| Cash Flow From Continuing Operating Activities | $71.6m | $72.9m | $148.7m | $212.8m | $162.8m | $28.2m | $195.1m | $261.3m | |
| Cash Flow From Continuing Financing Activities | — | — | — | ($59.2m) | ($273.6m) | $1.6b | ($70.8m) | ($134.9m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | ($48.6m) | ($66.8m) | ($1.7b) | ($54.1m) | ($63.8m) | |
| Change In Account Payable | — | — | — | $3.0m | ($8.5m) | ($25.4m) | ($16.0m) | $12.5m | |
| Change In Other Working Capital | — | — | — | ($3.0m) | ($141k) | $1.1m | $1.1m | $2.6m | |
| Change In Payable | — | — | — | $3.0m | ($8.5m) | ($25.4m) | ($16.0m) | $12.5m | |
| Change In Prepaid Assets | — | — | — | $4.9m | $13.4m | ($1.9m) | $12.4m | $664k | |
| Changes In Cash | — | — | — | $105.0m | ($177.6m) | ($42.7m) | $70.2m | $62.6m | |
| End Cash Position | — | — | — | $391.8m | $213.9m | $169.5m | $240.1m | $247.0m | |
| Financing Cash Flow | — | — | — | ($59.2m) |
($273.6m)
-362.45%
|
$1.6b
+677.97%
|
($70.8m)
-104.48%
|
($134.9m)
-90.64%
|
|
| Free Cash Flow | — | — | — | $184.2m | $135.1m | ($4.1m) | $140.9m | $195.4m | |
| Gain Loss On Investment Securities | — | — | — | ($12.4m) | $116k | ($10.5m) | $4.8m | ($9.7m) | |
| Gain Loss On Sale Of PPE | — | — | — | $1.3m | $1.6m | ($275k) | $2.2m | $8.5m | |
| Investing Cash Flow | — | — | — | ($48.6m) | ($66.8m) | ($1.7b) | ($54.1m) | ($63.8m) | |
| Net Business Purchase And Sale | — | — | — | ($19.1m) | ($41.1m) | ($1.6b) | $0 | $0 | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | $91k | $8k | $0 | $0 | $0 | |
| Net PPE Purchase And Sale | — | — | — | ($6.2m) | ($2.1m) | ($1.7m) | ($6.6m) | ($12.4m) | |
| Operating Gains Losses | — | — | — | ($11.1m) | $1.7m | ($10.4m) | $8.0m | $274k | |
| Other Non Cash Items | — | — | — | $1.8m | $1.8m | $2.6m | $6.3m | — | |
| Proceeds From Stock Option Exercised | — | — | — | $3.1m | $4.2m | $348k | ($161k) | $3.4m | |
| Purchase Of Business | — | — | — | ($19.1m) | ($41.1m) | ($1.6b) | $0 | $0 | |
| Purchase Of PPE | — | — | — | ($6.2m) | ($2.1m) | ($1.7m) | ($6.6m) | ($65.9m) | |
| Sale Of PPE | — | — | $0 | $90k | — | — | — | — | |
| Stock Based Compensation | — | — | — | $7.9m | $15.3m | $31.8m | $24.5m | $20.4m | |
| Proceeds from Stock Options Exercised | — | $0 | $387k | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | $31k | $575k | ($91k) | ($8k) | $0 | $0 | — | |
| Goodwill | — | $770.1m | $793.9m | $793.1m | $820.7m | $2.1b | $2.1b | $3.0m | |
| Investment Income, Interest | — | $530k | $150k | — | — | — | — | — | |
| Operating Expenses | — | $474.4m | $648.5m | $715.7m | $682.2m | $922.6m | $1.4b | — | |
| Proceeds from Contributed Capital | — | $59.4m | $241k | — | $0 | — | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | $472.4m | $712.3m | $810.0m | $763.8m | $860.2m | $1.6b | — | |
| Net Investment Purchase And Sale | — | — | $305k | ($1.1m) | — | — | — | — | |
| Supplemental disclosure of cash flow information: | |||||||||
| Change In Cash Supplemental As Reported | — | — | — | $99.0m | ($177.9m) | ($44.4m) | $70.6m | — | |
| Cash paid for interest | $55.8m | $41.1m | $23.0m | $27.0m | $45.7m | $65.8m | $161.8m | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $55.8m | $41.1m | $23.0m | $27.0m | $45.7m | $65.8m | $161.8m | — | |
| Excise taxes on share repurchases incurred but not paid | $5.2m | $4.8m | $0 | $0 | $490k | $0 | $0 | — | |
| Income Taxes Paid, Net | $5.2m | $4.8m | $10.4m | $17.5m | $31.6m | $23.4m | $30.4m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.