← Goosehead Insurance, Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
| Net Income (Loss) Attributable to Parent | $0 | ($8.9m) |
$3.6m
+140.07%
|
$9.3m
+160.36%
|
$5.4m
-41.82%
|
$565k
-89.54%
|
$14.1m
+2402.65%
|
$30.4m
+115.18%
|
$27.8m
-8.53%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | $8.7m |
($8.9m)
-202.59%
|
$3.6m
+140.07%
|
$9.3m
+160.36%
|
$5.4m
-41.82%
|
$565k
-89.54%
|
$14.1m
+2402.65%
|
$30.4m
+115.18%
|
$27.8m
-8.53%
|
|
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $8.7m | ($18.7m) | $10.4m | $18.8m | $8.3m | $2.6m | $23.7m | $49.1m | $44.5m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $8.7m | ($9.8m) | $6.8m | $9.5m | $2.9m | $2.1m | $9.6m | $18.7m | $16.6m | |
| Depreciation, Depletion and Amortization | $876k | $2.5m | $2.1m | $3.6m | $5.1m | $7.1m | $9.5m | $11.0m | $11.3m | |
| Amortization of Debt Issuance Costs and Discounts | — | — | — | — | — | — | — | — | $1.1m | |
| Amortization of Intangible Assets | $66k | $117k | $204k | $288k | $400k | $800k | $1.7m | $3.2m | $4.6m | |
| Depreciation | $810k | $1.3m | $1.7m | $2.9m | $4.5m | $6.1m | $7.6m | $7.3m | $6.7m | |
| Amortization of debt discounts and issuance costs | — | — | — | — | — | — | $225k | $420k | $1.1m | |
| Deferred Income Tax Expense (Benefit) | $0 | ($1.7m) | ($11.4m) | ($49.1m) | ($43.3m) | ($22.5m) | ($22.1m) | ($3.7m) | $5.9m | |
| Deferred income taxes | $0 | ($1.7m) | ($11.4m) | ($49.1m) | ($43.3m) | ($22.5m) | ($22.1m) | ($3.7m) | $5.9m | |
| Share-based Payment Arrangement, Noncash Expense | $0 | $27.0m | $1.5m | $4.7m | $7.3m | $19.6m | $24.0m | $28.0m | $23.4m | |
| Share-based Payment Arrangement, Expense | $2.2m | $27.1m | $1.5m | $4.7m | $7.3m | $19.6m | $24.0m | $28.0m | $23.4m | |
| Operating Lease, Impairment Loss | — | — | — | — | — | — | — | $200k | $3.1m | |
| Impairment expense | — | — | — | — | $0 | $0 | $3.6m | $347k | $4.7m | |
| Nonoperating Income (Expense) | — | — | — | — | — | — | — | ($7.1m) | $192k | |
| Other Nonoperating Income (Expense) | $3.5m | ($22k) | $0 | $90k | $185k | $0 | $0 | — | — | |
| Accounts payable and accrued expenses | $1.3m | $1.2m | $913k | $2.5m | $3.0m | $2.5m | ($109k) | $5.1m | $6.9m | |
| Other assets | ($471k) | $435k | ($346k) | ($2.6m) | ($805k) | $548k | $486k | $827k | $966k | |
| Net Cash Provided by (Used in) Operating Activities | $13.5m |
$10.3m
-24.12%
|
$21.2m
+106.73%
|
$24.6m
+16.02%
|
$35.4m
+43.83%
|
$35.7m
+0.79%
|
$50.8m
+42.08%
|
$71.5m
+40.95%
|
$91.8m
+28.25%
|
|
| Cash flows from investing activities: | ||||||||||
| Payments to Acquire Property, Plant, and Equipment | $6.2m | $2.1m | $3.7m | $10.0m | $12.7m | $10.1m | $4.5m | $979k | $5.7m | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | — | — | — | — | — | — | — | — | $189k | |
| Gain (Loss) on Disposition of Property Plant Equipment | $0 | ($22k) | $0 | $0 | — | — | — | ($74k) | — | |
| Cash consideration paid for asset acquisitions | — | — | — | — | $0 | $0 | ($6.9m) | $0 | ($4.9m) | |
| Net cash used for investing activities | ($6.1m) | ($2.2m) | ($4.1m) | ($10.3m) | ($15.4m) | ($12.6m) | ($19.2m) | ($12.4m) | ($23.5m) | |
| Net Cash Provided by (Used in) Investing Activities | ($6.1m) | ($2.2m) | ($4.1m) | ($10.3m) | ($15.4m) | ($12.6m) | ($19.2m) | ($12.4m) | ($23.5m) | |
| Cash flows from financing activities: | ||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | — | — | — | ($804k) | |
| Loss on debt extinguishment | — | — | — | — | — | — | $0 | $0 | $804k | |
| Bad debt expense | $1.1m | $1.3m | $725k | $1.6m | $3.0m | $6.2m | $4.4m | $2.9m | $1.8m | |
| Debt issuance cost | ($342k) | ($639k) | $0 | ($677k) | ($666k) | $0 | $0 | ($621k) | ($7.9m) | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | — | $63.2m | $81.7m | |
| Proceeds from the issuance of Class A common stock | $0 | $86.9m | $325k | $5.0m | $4.6m | $6.1m | $9.9m | $12.2m | $14.0m | |
| Repurchases of Class A common stock | — | — | — | — | — | $0 | $0 | ($63.2m) | ($81.7m) | |
| Dividends paid | $25.5m | $80.1m | $18.7m | $44.7m | $60.0m | $0 | $0 | — | $145.8m | |
| Dividends Payable, Current | $550k | $0 | — | — | — | — | — | — | — | |
| Dividends to stockholders | ($25.5m) | ($80.1m) | ($18.7m) | ($44.7m) | ($60.0m) | $0 | $0 | $0 | ($145.8m) | |
| Net cash used for financing activities | ($6.2m) |
$5.6m
+189.66%
|
($20.9m)
-474.00%
|
($3.3m)
+84.06%
|
($15.8m)
-374.69%
|
($23.2m)
-46.88%
|
($17.9m)
+22.93%
|
($45.2m)
-152.28%
|
($88.2m)
-95.25%
|
|
| Net Cash Provided by (Used in) Financing Activities | ($6.2m) |
$5.6m
+189.66%
|
($20.9m)
-474.00%
|
($3.3m)
+84.06%
|
($15.8m)
-374.69%
|
($23.2m)
-46.88%
|
($17.9m)
+22.93%
|
($45.2m)
-152.28%
|
($88.2m)
-95.25%
|
|
| Net increase (decrease) in cash and cash equivalents, and restricted cash | — | $13.6m | ($3.8m) | $11.0m | $4.2m | ($92k) | $13.7m | $13.9m | ($20.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | ($3.8m) | $11.0m | $4.2m | ($92k) | $13.7m | $13.9m | ($20.0m) | |
| Cash and cash equivalents, and restricted cash, beginning of period | — | $19.0m | $15.3m | $26.2m | $30.5m | $30.4m | $44.0m | $58.0m | $37.9m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $15.3m | $26.2m | $30.5m | $30.4m | $44.0m | $58.0m | $37.9m | |
| Additional Supplementary Disclosures | ||||||||||
| Additional Supplementary Disclosures | ||||||||||
| Additional Supplementary Disclosures | ||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $2.0m | $3.2m | $2.2m | $1.9m | $2.4m | $4.8m | $6.4m | $6.9m | $21.7m | |
| Income Taxes Paid, Net | $0 | $300k | $1.2m | $270k | $272k | $484k | $701k | $631k | $929k | |
| Additional Financial Items | ||||||||||
| General and Administrative Expense | $8.6m | $13.1m | $19.0m | $25.5m | $41.7m | $52.9m | $62.1m | $67.1m | $81.4m | |
| Income Tax Expense (Benefit) | $0 | $449k | $1.3m | ($1.0m) | ($2.3m) | $2.5m | $2.7m | ($2.4m) | $6.4m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | $7.3m | $23.8m | |
| Operating Expenses | $35.1m | $74.1m | $63.4m | $97.1m | $142.6m | $199.3m | $228.3m | $253.4m | $290.9m | |
| Proceeds from Stock Options Exercised | — | — | — | $4.5m | $4.6m | $6.1m | $9.9m | $12.2m | $13.6m | |
| (Gain) loss on disposal of fixed assets | $0 | $22k | $0 | $0 | — | $0 | $0 | $74k | ($189k) | |
| Equity-based compensation | $0 | $27.0m | $1.5m | $4.7m | $7.3m | $19.6m | $24.0m | $28.0m | $23.4m | |
| Adjustments to tax receivable agreement liability | $0 | $1.7m | $11.7m | $48.8m | $40.8m | $24.7m | $23.6m | $8.7m | $516k | |
| Noncash lease expense | — | $0 | $0 | $13.6m | $5.9m | $2.0m | ($748k) | ($4.5m) | ($1.7m) | |
| Cloud computing arrangement implementation costs | — | — | — | — | $0 | $0 | ($85k) | ($1.2m) | ($657k) | |
| Receivable from franchisees | ($1.1m) | ($1.3m) | ($5.2m) | ($7.1m) | ($10.6m) | ($722k) | $7.7m | $3.9m | $104k | |
| Commissions and agency fees receivable | ($907k) | ($1.6m) | $2.5m | ($12.9m) | $4.7m | ($4.5m) | ($28k) | ($19.9m) | ($6.0m) | |
| Prepaid expenses | ($212k) | ($588k) | ($877k) | ($1.7m) | ($1.1m) | $451k | ($3.6m) | ($250k) | $588k | |
| Contract liabilities | $307k | ($532k) | $6.3m | $11.4m | $14.4m | ($2.1m) | ($19.5m) | ($8.6m) | ($2.2m) | |
| Issuance of notes receivable to franchisees | — | — | — | — | ($32k) | ($43k) | ($130k) | ($325k) | ($125k) | |
| Proceeds from notes receivable to franchisees | $299k | $22k | $19k | $35k | $32k | $43k | $0 | $94k | $303k | |
| Capitalized software development costs | ($236k) | ($148k) | ($403k) | ($393k) | ($2.7m) | ($2.5m) | ($7.7m) | ($11.2m) | ($13.1m) | |
| Cash paid for asset disposals | — | — | — | — | — | — | $0 | $0 | ($32k) | |
| Customer premiums, net | — | — | — | — | — | ($309k) | ($75k) | $994k | ($481k) | |
| Repayment of notes payable | ($375k) | ($50.6m) | ($2.5m) | ($27.8m) | ($4.4m) | ($4.4m) | ($16.9m) | ($9.4m) | ($101.7m) | |
| Proceeds from notes payable | $20.0m | $50.0m | $0 | $64.8m | $44.6m | $0 | $0 | $25.0m | $306.4m | |
| Member distributions | — | — | — | — | $0 | $0 | ($10.9m) | ($4.8m) | ($64.2m) | |
| Payments pursuant to tax receivable agreement | — | — | — | — | — | $0 | $0 | ($5.4m) | ($6.7m) |