← FORMFACTOR INC
| 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) Attributable to Parent | ($6.6m) |
$40.9m
+723.96%
|
$104.0m
+154.29%
|
$39.3m
-62.18%
|
$78.5m
+99.57%
|
$83.9m
+6.88%
|
$50.7m
-39.54%
|
$82.4m
+62.38%
|
$69.6m
-15.50%
|
$54.4m
-21.91%
|
— | |
| Depreciation, Depletion and Amortization | $46.8m | $13.6m | $14.3m | $17.2m | $20.7m | $25.8m | $28.6m | $30.6m | $30.3m | $37.6m | $37.3m | |
| Amortization | $35.4m | $30.9m | $29.4m | $27.7m | $28.0m | $18.7m | $9.4m | $6.8m | $2.6m | $2.5m | $2.6m | |
| Amortization of Debt Issuance Costs | $307k | $619k | $390k | $160k | $32k | $5k | — | — | — | — | — | |
| Deferred Income Tax Expense (Benefit) | ($45.0m) | ($590k) | ($74.9m) | $5.0m | ($562k) | $3.9m | ($6.3m) | ($12.1m) | ($13.4m) | $1.9m | $2.9m | |
| Share-based Payment Arrangement, Noncash Expense | $10.7m | $16.3m | $17.8m | $23.2m | $23.8m | $29.4m | $31.3m | $38.6m | $39.8m | $38.6m | $36.1m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $6.9m | $5.8m | $8.0m | $15.4m | $20.6m | $15.7m | $10.7m | $20.0m | $12.4m | — | |
| Share-based Payment Arrangement, Expense | — | — | — | — | $23.8m | $29.4m | $31.3m | $38.6m | $39.8m | $38.6m | $36.1m | |
| Goodwill, Impairment Loss | — | — | $0 | $0 | $0 | — | — | — | — | — | ($237k) | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Impairment of Intangible Assets, Finite-lived | — | $0 | $0 | — | — | — | — | — | — | — | — | |
| Income (Loss) from Equity Method Investments | — | — | — | — | — | — | — | $0 | $0 | ($2.0m) | — | |
| Other Nonoperating Income (Expense) | ($2.6m) | ($152k) | ($224k) | $602k | $750k | $495k | $1.3m | ($285k) | $939k | $2.2m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $6.8m | $10.7m | $13.8m | ($481k) | $3.5m | $9.1m | ($26.0m) | $23.3m | $1.9m | $20.2m | ($41.3m) | |
| Increase (Decrease) in Inventories | $11.7m | $15.6m | $21.3m | $14.3m | $22.2m | $31.7m | $28.8m | $9.5m | $8.3m | $20.7m | ($27.9m) | |
| Inventory Write-down | $6.6m | $9.3m | $10.5m | $10.4m | $13.1m | $15.5m | $24.6m | $15.0m | $12.3m | $14.9m | — | |
| Increase (Decrease) in Accounts Payable | $3.4m | $741k | $3.0m | ($27k) | $16.8m | ($6.6m) | $3.9m | $1.3m | ($8.2m) | ($5.7m) | ($821k) | |
| Net Cash Provided by (Used in) Operating Activities | $17.4m |
$86.3m
+395.45%
|
$68.7m
-20.42%
|
$121.0m
+76.20%
|
$169.3m
+39.83%
|
$139.4m
-17.66%
|
$131.8m
-5.44%
|
$64.6m
-50.98%
|
$117.5m
+81.94%
|
$115.4m
-1.82%
|
$179.7m
+55.75%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $11.5m | $17.8m | $19.9m | $20.8m | $55.9m | $66.5m | $65.3m | $56.0m | $38.4m | $103.7m | ($43.6m) | |
| Property, plant and equipment acquisitions funded by liabilities | $11.5m | $17.8m | $19.9m | $20.8m | $55.9m | $66.5m | $65.3m | $56.0m | $38.4m | $103.7m | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($361k) | ($510k) | ($325k) | ($486k) | ($451k) | ($449k) | ($296k) | $0 | $0 | ($103.7m) | ($3.2m) | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $44.5m | $9.0m | $29.0m | $51.2m | $60.0m | $91.7m | $95.8m | $118.8m | $124.0m | $126.1m | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $228.0m | $0 | $0 | $20.5m | $51.9m | $0 | $3.4m | $0 | $0 | $20.6m | ($20.6m) | |
| Net Cash Provided by (Used in) Investing Activities | ($206.3m) | ($59.7m) | ($21.3m) | ($66.4m) | ($98.9m) | ($124.7m) | ($75.7m) | $29.0m | ($33.5m) | ($191.5m) | ($117.0m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $10.6m | $33.1m | $41.2m | $30.0m | $43.4m | $9.3m | $8.4m | $1.0m | $1.1m | $1.1m | ($1.1m) | |
| Proceeds from Issuance of Long-term Debt | $150.0m | $0 | $0 | $23.4m | $18.0m | $0 | $0 | — | — | — | $0 | |
| Payments for Repurchase of Common Stock | $0 | $19.0m | $0 | $0 | $0 | $24.0m | $82.3m | $19.8m | $53.3m | $26.2m | — | |
| Net Cash Provided by (Used in) Financing Activities | $143.6m |
($39.5m)
-127.48%
|
($39.3m)
+0.36%
|
($6.6m)
+83.27%
|
($30.9m)
-370.28%
|
($47.2m)
-52.57%
|
($95.9m)
-103.25%
|
($22.7m)
+76.33%
|
($64.6m)
-184.50%
|
($13.6m)
+78.90%
|
($17.2m)
-26.00%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $399k | $2.7m | ($256k) | $47.4m | $43.2m | ($35.8m) | ($42.4m) | $68.3m | $15.9m | ($90.2m) | $116.5m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $399k | $2.7m | $100.5m | $147.9m | $191.1m | $155.3m | $113.0m | $181.3m | $197.2m | $107.0m | $116.5m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $399k | $2.7m | ($256k) | ($727k) | $3.8m | ($3.2m) | ($2.5m) | ($2.6m) | ($3.5m) | ($456k) | ($3.3m) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $2.1m | $3.8m | $3.1m | $1.4m | $867k | $643k | $535k | $422k | $391k | $362k | — | |
| Income Taxes Paid, Net | $3.7m | $3.2m | $4.6m | $4.3m | $9.2m | $8.0m | $10.9m | $17.4m | $15.6m | $8.9m | — | |
| Non-cash transactions: | ||||||||||||
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), Unrealized | $77k | $1.7m | ($125k) | ($408k) | $968k | ($1.6m) | ($2.3m) | ($2.3m) | ($1.5m) | ($2.1m) | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | — | — | — | — | $103k | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | — | — | $73.0m | $20.6m | $0 | — | |
| General and Administrative Expense | — | — | — | — | — | — | — | — | $67.2m | $62.9m | — | |
| Goodwill | $188.0m | $189.9m | $189.2m | $199.2m | $212.8m | $212.3m | $211.4m | $201.1m | $199.2m | $216.0m | ($237k) | |
| Income Tax Expense (Benefit) | ($43.6m) | $1.3m | ($70.1m) | $11.7m | $6.7m | $14.6m | $7.1m | $6.9m | $9.8m | $13.0m | — | |
| Investment Income, Interest | $327k | $548k | $1.4m | $2.7m | $1.5m | $569k | $2.2m | $7.2m | $14.1m | $10.6m | — | |
| Operating Expenses | $150.6m | $169.3m | $174.2m | $187.8m | $204.1m | $224.7m | $241.1m | $248.8m | $263.7m | $251.8m | — | |
| Operating Lease, Expense | — | — | — | $7.0m | $7.5m | $8.5m | $8.6m | — | — | — | — | |
| Restructuring Costs | $964k | — | — | — | — | — | — | — | — | — | — |