← FOX FACTORY HOLDING CORP
| 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 | $43.1m |
$84.0m
+94.86%
|
$93.0m
+10.70%
|
— | $163.8m |
$205.3m
+25.31%
|
$120.8m
-41.13%
|
$6.5m
-94.58%
|
($544.6m)
-8414.18%
|
— | — | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $43.2m | $85.4m | $94.5m | — | $163.8m | $205.3m | $120.8m | $6.5m | ($544.7m) | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $55k | $1.3m | $1.4m | — | $0 | $0 | — | ($38k) | ($141k) | — | — | |
| Depreciation and amortization | $10.3m | $14.7m | $17.7m | $17.7m | $45.1m | $49.2m | $58.6m | $83.6m | $92.3m | $92.3m | $88.1m | |
| Amortization of Debt Issuance Costs | — | — | — | — | — | — | — | — | — | — | — | |
| Amortization of Intangible Assets | $3.0m | $6.1m | $6.3m | — | $20.7m | $21.5m | $26.5m | $44.5m | $42.0m | — | — | |
| Capitalized Computer Software, Amortization | $565k | $869k | $1.9m | — | $2.5m | $3.8m | $2.9m | $3.9m | — | — | — | |
| Depreciation | $6.9m | $8.1m | $11.3m | $17.7m | $22.7m | $27.7m | $32.1m | $39.0m | $48.1m | $92.3m | $26.5m | |
| Amortization of acquired inventory step-up | — | — | — | — | $0 | $0 | $13.0m | — | $4.5m | $342k | — | |
| Amortization of loan fees | — | $275k | — | $171k | $1.5m | $1.1m | $905k | — | $3.7m | $4.8m | — | |
| Amortization of deferred gains on prior swap settlements | — | — | — | — | ($48k) | ($3.2m) | ($4.3m) | — | ($4.3m) | ($783k) | — | |
| Deferred Income Tax Expense (Benefit) | ($1.2m) | ($12.7m) | ($10.4m) | — | ($14.6m) | ($21.5m) | ($7.9m) | ($23.2m) | ($44.9m) | — | ($40.0m) | |
| Deferred taxes | ($1.2m) | ($19.3m) | — | ($10.6m) | ($14.1m) | ($18.4m) | ($7.9m) | — | ($23.3m) | ($44.8m) | — | |
| Share-based Payment Arrangement, Noncash Expense | $8.7m | $7.3m | $6.9m | — | $13.9m | $16.4m | $16.5m | $9.6m | $14.3m | — | $13.8m | |
| Share-based Payment Arrangement, Expense | $8.7m | $7.3m | $6.9m | — | $13.9m | $16.4m | $16.5m | $9.6m | $14.3m | — | $13.8m | |
| Stock-based compensation | $8.7m | $7.3m | — | $6.9m | $8.6m | $16.4m | $16.5m | — | $9.6m | $14.3m | $13.8m | |
| Repurchases from stock compensation program, net | ($4.0m) | ($4.1m) | — | ($6.8m) | ($4.3m) | ($4.2m) | ($6.2m) | — | ($2.6m) | ($1.3m) | — | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | — | $0 | $0 | $0 | $0 | $557.3m | — | $308.6m | |
| Impairment of Intangible Assets (Excluding Goodwill) | $0 | $0 | $0 | — | $0 | $0 | $0 | $0 | — | — | — | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | — | — | — | — | $8.0m | — | — | |
| Operating Lease, Impairment Loss | — | — | — | — | — | — | — | — | $4.8m | — | — | |
| Goodwill impairment | — | — | — | — | — | — | $0 | — | $0 | $557.3m | $308.6m | |
| Intangible and long-lived asset impairment | — | — | — | — | — | — | $0 | — | $0 | $13.5m | — | |
| Nonoperating Income (Expense) | ($2.8m) | ($3.6m) | ($4.2m) | — | ($8.5m) | ($12.9m) | — | ($55.5m) | — | — | — | |
| Other Nonoperating Income (Expense) | ($360k) | ($583k) | ($1.1m) | — | ($371k) | ($4.0m) | ($2.1m) | ($1.7m) | $311k | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | ($3.6m) | $19.0m | $12.1m | — | $20.2m | $64.0m | ($64.5m) | ($10.4m) | $23.5m | — | ($21.1m) | |
| Accounts receivable | $3.6m | ($19.0m) | — | ($12.1m) | ($18.8m) | ($64.0m) | $64.5m | — | $10.4m | ($23.5m) | ($21.1m) | |
| Increase (Decrease) in Inventories | $8.3m | $23.0m | $17.0m | — | $146.5m | $78.5m | ($31.6m) | $26.5m | ($18.0m) | — | $2.7m | |
| Provision for inventory reserve | — | — | — | — | $3.9m | $8.9m | $6.2m | — | $5.6m | $3.5m | — | |
| Inventory | ($8.3m) | ($23.0m) | — | ($17.0m) | $7.9m | ($78.5m) | $31.6m | — | ($26.5m) | $18.0m | $2.7m | |
| Increase (Decrease) in Accounts Payable | $2.2m | $15.2m | ($869k) | — | $10.3m | $40.5m | ($44.0m) | $23.2m | $1.2m | — | $6.5m | |
| Accounts payable | $2.2m | $15.2m | — | ($869k) | $25.9m | $40.5m | ($44.0m) | — | $23.2m | $1.2m | $6.5m | |
| Capital expenditures included in accounts payable | $1.6m | $1.6m | — | $1.7m | $7.0m | $2.0m | $977k | — | $747k | $1.2m | ($23.8m) | |
| Accrued expenses and other liabilities | ($7.2m) | $4.2m | — | ($2.3m) | $11.2m | $11.7m | ($21.5m) | — | ($2.8m) | ($7.3m) | — | |
| Prepaids and other assets | ($9.4m) | ($377k) | — | $1.7m | ($66.4m) | $18.1m | ($38.2m) | — | $48.5m | ($27.1m) | — | |
| Acquisition of other assets | — | $0 | — | $0 | ($250k) | ($3.5m) | ($2.4m) | — | ($5.3m) | $0 | — | |
| Net Cash Provided by (Used in) Operating Activities | $48.2m |
$65.4m
+35.75%
|
$74.8m
+14.43%
|
$74.8m
0.00%
|
$65.3m
-12.75%
|
$187.1m
+186.56%
|
$178.7m
-4.46%
|
$131.8m
-26.24%
|
$60.9m
-53.79%
|
$60.9m
0.00%
|
$36.6m
-39.93%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $16.9m | $30.2m | $53.5m | ($53.5m) | $54.8m | $43.7m | $46.9m | $44.0m | $34.0m | ($34.0m) | ($23.8m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | — | — | $1.7m | ($1.5m) | ($341k) | — | — | $12.4m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $53.6m | $0 | $6.8m | $6.8m | $51.9m | $714k | $701.1m | $25.8m | $0 | $0 | ($20.7m) | |
| Net Cash Provided by (Used in) Investing Activities | ($70.5m) | ($30.2m) | ($60.3m) | ($60.3m) | ($106.7m) | ($44.7m) | ($750.4m) | ($76.3m) | ($34.0m) | ($34.0m) | ($13.9m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | $0 | ($516k) | $516k | $0 | — | $0 | — | ($1.8m) | $1.8m | — | |
| Loss on extinguishment of debt | — | $0 | — | $516k | $0 | — | $0 | — | $0 | $1.8m | — | |
| Proceeds from issuance of debt, net of origination fees | ($5.4m) | $0 | — | $0 | $0 | $0 | $393.5m | — | $200.0m | $534.6m | $863.6m | |
| Repayment of term debt | ($3.8m) | ($3.8m) | — | ($2.8m) | ($5.0m) | ($382.5m) | $0 | — | ($19.3m) | ($567.4m) | — | |
| Deferred debt issuance/modification costs | — | — | — | — | $0 | $0 | $3.4m | — | $3.4m | $2.9m | — | |
| Payments for Repurchase of Common Stock | $0 | $0 | — | — | — | — | $25.0m | $25.0m | $0 | — | — | |
| Proceeds from Issuance of Common Stock | — | — | — | — | $0 | $0 | — | — | — | — | $0 | |
| Purchase and retirement of common stock | $0 | $0 | — | — | $0 | $0 | $25.0m | — | $25.0m | $0 | — | |
| Net cash (used in) provided by financing activities | $22.0m |
($43.4m)
-297.35%
|
— | $859k |
$506.7m
+58889.76%
|
($179.1m)
-135.35%
|
$509.0m
+384.12%
|
— | ($67.3m) |
($40.0m)
+40.58%
|
— | |
| Net Cash Provided by (Used in) Financing Activities | $22.0m |
($43.4m)
-297.35%
|
$859k
+101.98%
|
$859k
0.00%
|
($24.1m)
-2905.59%
|
($179.1m)
-643.32%
|
$509.0m
+384.12%
|
($67.3m)
-113.23%
|
($40.0m)
+40.58%
|
($40.0m)
0.00%
|
($40.1m)
-0.29%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $944k | $253k | — | $419k | ($66.1m) | ($34.4m) | ($61.6m) | ($12.0m) | ($13.7m) | ($608k) | $64.0m | |
| CASH AND CASH EQUIVALENTS—Beginning of year | $35.3m | $35.9m | — | $28.0m | $245.8m | $145.2m | $83.6m | — | $71.7m | $58.0m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | $179.7m | $145.2m | $83.6m | $71.7m | $58.0m | — | $64.0m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $944k | $253k | — | $419k | ($541k) | $2.3m | $1.1m | ($185k) | ($608k) | ($608k) | ($2.7m) | |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | $944k | $253k | $419k | $1.1m | $2.3m | $1.1m | ($185k) | ($608k) | ($2.7m) | |||
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $2.8m | $2.8m | — | $6.4m | $9.9m | $21.1m | $57.0m | $49.5m | — | — | |
| Income Taxes Paid, Net | — | — | — | — | — | — | $44.7m | — | $15.2m | $15.2m | — | |
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | $181k | $420k | $881k | — | $455k | $3.4m | $1.5m | $1.8m | ($2.0m) | — | — | |
| Gain (Loss) on Sale of Derivatives | — | — | — | — | — | $3.2m | $4.3m | $4.3m | $783k | — | — | |
| General and Administrative Expense | $34.9m | $41.8m | $49.0m | — | $97.2m | $116.1m | $124.6m | $139.9m | $151.8m | — | — | |
| Goodwill | $88.4m | $88.8m | $93.5m | — | $323.3m | $324.0m | $636.6m | $639.5m | $83.6m | — | $308.6m | |
| Income Tax Expense (Benefit) | $21.1m | $5.5m | $14.1m | — | $24.6m | $28.5m | $17.8m | ($5.5m) | ($31.6m) | — | — | |
| Operating Expenses | $87.4m | $111.0m | $129.9m | — | $235.4m | $284.6m | $304.7m | $365.9m | $966.2m | — | — | |
| Net (loss) income | $43.2m | $85.4m | — | $94.5m | $91.7m | $205.3m | $120.8m | — | $6.5m | ($544.7m) | — | |
| Proceeds from interest rate swap settlements | — | — | — | — | — | ($471k) | $2.5m | — | $4.0m | $4.0m | — | |
| Income taxes | $6.2m | $281k | — | ($3.6m) | $1.2m | $8.7m | ($19.1m) | — | ($11.2m) | ($1.9m) | — | |
| Acquisition of businesses, net of cash acquired | ($53.6m) | $0 | — | ($6.8m) | ($331.5m) | ($714k) | ($701.1m) | — | ($25.8m) | $0 | — | |
| Acquisition foreign exchange hedge settlement | — | — | — | — | — | $0 | $0 | — | ($1.1m) | $0 | — | |
| Proceeds from revolver | $0 | $0 | — | $0 | $392.4m | $602.4m | $400.0m | — | $189.0m | $279.0m | — | |
| Payments on revolver | ($7.0m) | ($60.6m) | — | ($57.1m) | ($293.1m) | ($404.3m) | ($230.0m) | — | ($406.0m) | ($282.0m) | — | |
| CHANGE IN CASH AND CASH EQUIVALENTS | $667k | ($8.0m) | $15.8m | $202.0m | ($34.4m) | ($61.6m) | ($12.0m) | ($13.7m) | ||||
| Income tax payment | $16.0m | $24.6m | — | $28.3m | $26.2m | $37.5m | $44.7m | — | $29.2m | $15.2m | — | |
| Interest | $2.0m | $2.8m | — | $2.8m | $7.2m | $9.9m | $21.1m | — | $57.0m | $49.5m | $46.8m | |
| Amounts included in the measurement of lease liabilities | — | $0 | — | $5.6m | $7.1m | $10.5m | $14.0m | — | $18.8m | $20.9m | — | |
| Right-of-use assets obtained in exchange for lease obligations | — | $0 | — | $8.7m | $14.2m | $21.2m | $54.9m | — | $39.5m | $16.3m | — | |
| U.S. federal | — | — | — | — | — | — | $6.0m | — | $14.0m | $2.8m | — | |
| U.S. state | — | — | — | — | — | — | $4.7m | — | $5.8m | $3.6m | — | |
| Total Foreign | — | — | — | — | — | — | $34.0m | — | $9.3m | $8.8m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.