← GRAHAM 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), Including Portion Attributable to Noncontrolling Interest | $5.0m | ($9.8m) | ($308k) | $1.9m | $2.4m | ($8.8m) | $367k | $4.6m | $12.2m | $12.5m | — | |
| Depreciation and amortization | $2.1m | $2.0m | $2.0m | $2.0m | $1.9m | $3.1m | $3.5m | $3.3m | $5.9m | $7.8m | $9.0m | |
| Amortization of Debt Issuance Costs | — | — | — | — | $0 | $0 | $212k | $131k | $0 | $0 | — | |
| Amortization of Intangible Assets | $234k | $236k | $237k | $11k | — | $2.5m | $2.5m | $2.2m | $2.2m | $2.5m | — | |
| Depreciation | $2.1m | $2.0m | $2.0m | $2.0m | $1.9m | $3.1m | $3.5m | $3.3m | $3.7m | $5.3m | $6.0m | |
| Deferred Income Tax Expense (Benefit) | ($884k) | ($3.1m) | ($159k) | ($287k) | ($561k) | ($3.2m) | ($120k) | ($472k) | $1.5m | $1.9m | $1.8m | |
| Share-based Payment Arrangement, Noncash Expense | $627k | $577k | $1.1m | $975k | $864k | $809k | $806k | $1.3m | $2.0m | $2.1m | $2.2m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | — | — | — | $1.5m | — | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | $785k | $1.2m | $1.8m | $2.0m | $2.2m | |
| Goodwill and Intangible Asset Impairment | — | $14.8m | — | — | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | $9.1m | $12.8m | — | — | — | — | — | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | ($1.1m) | $5.5m | $1.2m | ($2.0m) | $1.8m | $2.1m | ($1.5m) | $20.7m | ($8.0m) | ($5.9m) | ($37.0m) | |
| Increase (Decrease) in Inventories | ($1.6m) | $2.3m | $2.1m | ($2.3m) | ($5.2m) | ($3.5m) | $9.9m | $6.2m | $6.6m | $6.8m | ($8.2m) | |
| Increase (Decrease) in Accounts Payable | $78k | $5.8m | ($2.6m) | $1.8m | $3.6m | ($3.2m) | $3.5m | $401k | $3.5m | ($794k) | $1.9m | |
| Other Operating Income (Expense), Net | — | — | — | — | — | $827k | $0 | ($80k) | $1.2m | $621k | — | |
| Net Cash Provided by (Used in) Operating Activities | $12.4m |
$8.5m
-31.30%
|
$7.9m
-6.98%
|
$1.2m
-84.35%
|
($1.7m)
-238.98%
|
($2.2m)
-28.86%
|
$13.9m
+727.04%
|
$28.1m
+102.10%
|
$24.3m
-13.53%
|
$15.9m
-34.48%
|
$5.5m
-65.22%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $325k | $2.1m | $2.1m | $2.4m | $2.2m | $2.3m | $3.7m | $9.2m | $19.0m | $16.1m | ($11.7m) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($4k) | ($26k) | ($30k) | $1k | ($2k) | ($23k) | $0 | $5k | $0 | $52k | ($52k) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | $60.3m | $0 | $6.8m | $170k | $27.3m | ($27.3m) | |
| Net Cash Provided by (Used in) Investing Activities | $6.7m | ($4.1m) | ($28.8m) | $20.9m | $32.4m | ($57.1m) | ($3.7m) | ($16.0m) | ($19.1m) | ($43.1m) | ($37.1m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | — | — | — | — | $4.6m | $39.8m | $11.0m | $25.5m | $0 | $20.0m | ($27.3m) | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | $0 | $0 | ($726k) | $0 | $0 | — | |
| Proceeds from Issuance of Long-term Debt | — | — | — | — | $4.6m | $58.2m | $5.0m | $13.0m | $0 | $33.0m | $27.0m | |
| Payments for Repurchase of Common Stock | $29k | $119k | $146k | $230k | $23k | $41k | $21k | $58k | $854k | — | — | |
| Payments of Ordinary Dividends, Common Stock | $3.5m | $3.5m | $3.8m | $4.2m | $4.4m | $3.5m | $0 | $0 | — | — | — | |
| Proceeds from Issuance of Common Stock | $137k | $0 | $307k | $24k | $0 | $0 | $0 | $476k | $653k | $832k | $50.8m | |
| Net Cash Provided by (Used in) Financing Activities | ($3.5m) |
($3.7m)
-8.15%
|
($3.8m)
-0.72%
|
($4.5m)
-19.55%
|
($4.5m)
+1.18%
|
$14.4m
+423.73%
|
($6.4m)
-144.67%
|
($13.4m)
-107.90%
|
($521k)
+96.11%
|
$12.0m
+2394.82%
|
$47.6m
+298.24%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($202k) | $282k | ($25.4m) | $17.4m | $26.6m | ($44.8m) | $3.5m | ($1.3m) | $4.6m | ($15.0m) | $26.8m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $10k | $12k | $12k | $12k | $11k | $417k | $1.0m | $823k | $298k | $495k | — | |
| Income Taxes Paid, Net | — | — | ($73k) | $139k | $200k | $2.0m | $185k | $425k | $4.0m | ($36k) | — | |
| Additional Financial Items | ||||||||||||
| Goodwill | $6.9m | $1.2m | $0 | — | — | $23.5m | $23.5m | $25.5m | $25.5m | $38.1m | $0 | |
| Income Tax Expense (Benefit) | $2.0m | ($3.0m) | $163k | $440k | $893k | ($2.4m) | $194k | $1.0m | $3.2m | $2.3m | — | |
| Investment Income, Interest | $386k | $606k | $1.5m | $1.3m | $167k | $50k | $129k | — | — | — | — | |
| Proceeds from Stock Options Exercised | $137k | $0 | $307k | $24k | $0 | $0 | — | — | — | — | — |