← HELIOS TECHNOLOGIES, INC.
| 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 | $31.6m | $46.7m | $60.3m | $14.2m | $14.2m | $98.4m | $37.5m | $39.0m | $48.4m | $48.4m | — | |
| Depreciation, Depletion and Amortization | $19.2m | $39.7m | $35.2m | $39.7m | $39.7m | $51.6m | $63.8m | $63.8m | $63.0m | $63.0m | $62.1m | |
| Amortization of Debt Issuance Costs | $334k | $729k | $717k | $1.1m | $1.1m | $500k | $600k | $1.1m | $700k | $700k | — | |
| Amortization of Intangible Assets | $8.4m | $23.3m | $18.1m | $22.1m | — | $28.1m | $32.9m | $31.5m | $31.7m | — | — | |
| Capitalized Computer Software, Amortization | — | — | — | — | — | — | — | $1.3m | $1.9m | — | — | |
| Depreciation | $10.8m | $16.5m | $17.1m | $17.6m | $39.7m | $22.9m | $30.2m | $30.7m | $29.0m | $63.0m | $62.1m | |
| Deferred Income Tax Expense (Benefit) | ($6.8m) | ($793k) | ($1.1m) | ($2.0m) | ($3.6m) | ($5.2m) | ($7.9m) | ($8.6m) | ($800k) | ($1.1m) | ($800k) | |
| Benefit for deferred income taxes | ($6.8m) | ($1.5m) | ($551k) | — | ($3.6m) | ($1.4m) | ($7.9m) | ($8.3m) | — | ($1.1m) | — | |
| Share-based Payment Arrangement, Noncash Expense | $4.0m | $4.3m | $5.2m | $5.8m | — | $8.6m | $11.6m | $3.4m | $5.1m | — | $5.7m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $365k | — | — | $700k | $2.6m | $2.2m | $2.6m | $1.4m | $1.4m | — | |
| Stock-based compensation expense | $4.0m | $4.3m | $5.2m | — | $5.8m | $8.9m | $11.6m | $3.4m | — | $5.1m | $5.7m | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | — | — | — | — | $25.9m | — | — | |
| Goodwill, Impairment Loss | — | — | — | $31.9m | — | $0 | — | — | — | — | $25.9m | |
| Goodwill impairment | — | — | $0 | — | $31.9m | $0 | $0 | $0 | — | $25.9m | $25.9m | |
| Nonoperating Income (Expense) | ($742k) | ($243k) | — | — | — | — | — | — | — | — | — | |
| Other Nonoperating Income (Expense) | — | — | $385k | $366k | — | $300k | $1.1m | $3.8m | $19.6m | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $11.1m | $6.0m | ($5.7m) | ($727k) | — | ($9.1m) | ($16.3m) | ($7.3m) | $16.5m | — | ($17.6m) | |
| Accounts receivable | ($11.1m) | ($6.0m) | $5.7m | — | $727k | ($32.4m) | $16.3m | $7.3m | — | ($16.5m) | ($17.6m) | |
| Increase (Decrease) in Inventories | $13.1m | $11.7m | $1.4m | ($570k) | — | $27.0m | $17.9m | ($19.4m) | $2.7m | — | ($7.5m) | |
| Inventory Write-down | $159k | — | — | — | — | — | — | — | — | — | — | |
| Inventories | ($13.1m) | ($11.7m) | ($1.4m) | — | $570k | ($52.5m) | ($17.9m) | $19.4m | — | ($2.7m) | ($7.5m) | |
| Increase (Decrease) in Accounts Payable | $5.8m | $5.9m | ($10.8m) | $10.6m | $10.6m | ($11.5m) | ($5.2m) | ($11.8m) | $22.0m | $22.0m | $29.0m | |
| Accrued expenses and other liabilities | $1.5m | ($1.4m) | $5.7m | — | $3.8m | $8.1m | ($5.8m) | $5.7m | — | $2.1m | — | |
| Other current assets | $254k | $565k | ($4.0m) | — | ($1.9m) | $729k | ($5.5m) | ($8.1m) | — | $4.2m | ($1.5m) | |
| Other assets | ($820k) | ($1.3m) | $1.8m | — | $4.0m | $5.3m | ($3.8m) | $5.1m | — | $4.7m | — | |
| Net Cash Provided by (Used in) Operating Activities | $49.4m |
$77.5m
+56.84%
|
$90.5m
+16.82%
|
$108.6m
+19.98%
|
$108.6m
0.00%
|
$109.9m
+1.24%
|
$83.9m
-23.66%
|
$122.1m
+45.53%
|
$127.3m
+4.26%
|
$127.3m
0.00%
|
$132.2m
+3.85%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $22.2m | $28.4m | $25.0m | $14.6m | ($14.6m) | $31.9m | $34.3m | $27.0m | $23.7m | ($23.7m) | ($28.1m) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($1.5m) | ($56k) | $196k | — | $100k | $175k | $300k | $100k | — | $300k | ($18.2m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $500k | $534.7m | — | $217.0m | — | $67.3m | $114.2m | $0 | $0 | — | $0 | |
| Business acquisitions, net of cash acquired | ($500k) | ($534.7m) | — | — | ($217.0m) | ($61.1m) | ($114.2m) | $0 | — | $0 | — | |
| Business Divestiture Proceeds | — | — | — | — | — | — | $0 | $0 | — | $47.3m | — | |
| Net Cash Provided by (Used in) Investing Activities | ($16.0m) | ($565.5m) | ($22.4m) | ($235.9m) | ($235.9m) | ($90.8m) | ($153.9m) | ($30.3m) | $20.3m | $20.3m | $19.9m | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | — | $3.8m | $5.5m | $6.0m | — | $18.0m | $21.5m | $147.7m | $38.2m | — | ($180.8m) | |
| Proceeds from Issuance of Long-term Debt | — | $101.4m | — | $119.7m | — | $0 | $160.0m | $126.8m | $0 | — | $76.8m | |
| Borrowings on revolving credit facilities | — | $282.5m | $130.0m | — | $117.6m | $81.2m | $189.2m | $41.6m | — | $57.6m | — | |
| Repayment of borrowings on revolving credit facilities | ($24.0m) | ($142.8m) | ($176.8m) | — | ($79.6m) | ($86.8m) | ($252.0m) | ($88.7m) | — | ($114.3m) | — | |
| Borrowings on long-term non-revolving debt | — | $101.4m | — | — | $119.7m | $12.0m | $160.0m | $126.8m | — | $0 | — | |
| Repayment of borrowings on long-term non-revolving debt | — | ($3.8m) | ($5.5m) | — | ($6.0m) | ($16.2m) | ($21.5m) | ($147.7m) | — | ($38.2m) | — | |
| Foreign currency remeasurement impact on euro denominated debt | — | — | — | — | $7.2m | $5.9m | ($2.4m) | $4.1m | — | ($8.6m) | — | |
| Payments of Ordinary Dividends, Common Stock | $10 | $11 | $12 | $12 | — | $12 | $12 | $12 | $12 | — | ($12.0m) | |
| Proceeds from Issuance of Common Stock | $1.2m | $241.3m | $1.6m | $1.3m | — | $2.1m | $2.0m | $2.2m | $1.8m | — | $1.8m | |
| Dividends Payable, Current | $2 | $3 | $3 | $3 | — | $3 | $3 | $3 | $3 | — | — | |
| Dividends Payable | — | — | — | — | — | — | — | — | — | — | — | |
| Dividends paid to shareholders | ($10) | ($11) | ($12) | — | ($12) | ($12) | ($12) | ($12) | — | ($12) | ($12.0m) | |
| Proceeds from (Payments for) Other Financing Activities | — | ($1.3m) | ($1.6m) | ($1.2m) | ($1.2m) | ($2.7m) | ($2.4m) | ($5.2m) | ($1.8m) | ($1.8m) | — | |
| Net cash (used in) provided by financing activities | ($50.0m) |
$447.3m
+994.66%
|
($71.7m)
-116.04%
|
— | $137.7m |
($22.6m)
-116.40%
|
$57.9m
+356.24%
|
($78.4m)
-235.41%
|
— | ($121.9m) | — | |
| Net Cash Provided by (Used in) Financing Activities | ($50.0m) |
$447.3m
+994.66%
|
($71.7m)
-116.04%
|
$137.7m
+291.99%
|
$137.7m
0.00%
|
($6.9m)
-105.01%
|
$57.9m
+939.13%
|
($78.4m)
-235.41%
|
($121.9m)
-55.48%
|
($121.9m)
0.00%
|
($135.4m)
-11.07%
|
|
| Net increase (decrease) in cash and cash equivalents | ($10.3m) | ($40.4m) | ($1.4m) | — | $3.1m | $3.3m | ($11.3m) | $11.7m | — | $28.9m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $6.3m | ($40.4m) | ($1.4m) | $3.1m | ($7.3m) | $15.2m | ($11.3m) | $11.7m | $28.9m | $3.2m | $62.6m | |
| Cash, cash equivalents and restricted cash, beginning of period | $63.9m | $23.5m | $22.2m | — | $25.3m | $28.6m | $32.4m | $44.1m | — | $73.0m | — | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $318k | $2.3m | ($7.3m) | — | $3.0m | $800k | ($1.7m) | $3.2m | — | $1.6m | |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | $6.3m | $318k | $2.3m | — | ($7.3m) | $3.0m | $800k | ($1.7m) | — | $3.2m | $1.6m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Income Taxes Paid, Net | — | — | — | — | — | — | — | — | $16.1m | $1.8m | — | |
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | $52k | ($3.6m) | $846k | $1.6m | — | $900k | ($600k) | ($1.3m) | ($1.3m) | — | — | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | — | — | $2.9m | ($5.5m) | — | $4.0m | ($300k) | $0 | ($600k) | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | ($2.8m) | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Intangible Assets | — | — | ($2.7m) | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | — | — | — | $18.8m | — | — | |
| Gain (Loss) on Sale of Derivatives | — | ($3.5m) | — | — | — | — | — | — | — | — | — | |
| Goodwill | $108.9m | $383.1m | $377.6m | $443.5m | — | $468.5m | $514.0m | $498.9m | $498.1m | — | $25.9m | |
| Income Tax Expense (Benefit) | $16.0m | $9.7m | $15.0m | $9.8m | — | $23.4m | $11.7m | $11.5m | $14.0m | — | — | |
| Investment Income, Interest | — | — | — | — | — | — | — | — | — | — | — | |
| (Gain) on sale of business | — | — | — | — | — | — | $0 | $0 | — | ($18.8m) | — | |
| Forward contract losses, net | — | $3.5m | ($2.9m) | — | $5.5m | ($4.7m) | $300k | $0 | — | $600k | — | |
| Other, net | $318k | ($86k) | $1.2m | — | $1.0m | $55k | $0 | $3.2m | — | ($5.3m) | — | |
| Income taxes receivable | $512k | ($4.1m) | ($2.5m) | — | $1.7m | ($688k) | $300k | ($3.8m) | — | $300k | — | |
| Income taxes payable | $3.4m | ($5.0m) | $6.2m | — | ($5.1m) | $5.7m | ($1.6m) | $10.7m | — | ($700k) | — | |
| Other noncurrent liabilities | $1.1m | $1.1m | ($2.1m) | — | ($3.3m) | ($7.7m) | $3.9m | ($4.6m) | — | ($4.6m) | — | |
| Contingent consideration payments in excess of acquisition date fair value | — | — | ($10.7m) | — | $0 | $0 | ($2.7m) | $0 | — | $0 | — | |
| Cash settlement of forward contracts | — | ($2.5m) | $2.5m | — | ($3.5m) | $2.4m | $400k | $0 | — | $0 | — | |
| Software development costs | — | — | — | — | ($865k) | ($2.5m) | ($6.1m) | ($3.4m) | — | ($3.6m) | — | |
| Proceeds from stock issued | $1.2m | $241.3m | $1.6m | — | $1.3m | $1.8m | $2.0m | $2.2m | — | $1.8m | — | |
| Purchase of treasury stock | — | — | — | — | — | — | $0 | $0 | — | ($13.6m) | — | |
| Payment of employee tax withholding on equity award vestings | — | ($365k) | — | — | ($700k) | ($2.6m) | ($2.2m) | ($2.6m) | — | ($1.4m) | — | |
| Payment of contingent consideration liability | ($17.0m) | ($17.3m) | ($8.0m) | — | ($830k) | ($328k) | ($3.4m) | $0 | — | $0 | — | |
| Proceeds received upon termination of Cash Flow hedge instruments | — | — | — | — | — | $0 | $0 | $7.1m | — | $0 | — | |
| Income taxes | $17.5m | $20.2m | $11.4m | — | $11.3m | $23.6m | $26.4m | $21.1m | — | $16.1m | — | |
| Interest | $3.7m | $12.8m | $14.3m | — | $11.6m | $15.9m | $29.5m | $32.4m | — | $29.8m | $29.8m | |
| Unrealized loss (gain) on interest rate swaps | — | ($2.3m) | ($3.5m) | — | $1.9m | ($6.0m) | $4.4m | ($500k) | — | $0 | — | |
| Stock issued for acquisition | — | $17.3m | — | — | — | $14.2m | $18.7m | $0 | — | $0 | — |