← HEALTHEQUITY, 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) Attributable to Parent | $26.4m |
$47.4m
+79.56%
|
$73.9m
+56.03%
|
$39.7m
-46.33%
|
$8.8m
-77.73%
|
($44.3m)
-601.35%
|
($26.1m)
+40.97%
|
$55.7m
+313.10%
|
$96.7m
+73.58%
|
$215.2m
+122.54%
|
— | |
| Depreciation, Depletion and Amortization | $13.2m | $16.0m | $18.2m | $55.4m | $115.9m | $137.2m | $161.2m | $153.1m | $162.5m | $154.7m | $154.1m | |
| Amortization of Debt Issuance Costs | $68k | $87k | $933k | $2.7m | $5.1m | $4.4m | $3.3m | $2.9m | $2.1m | $1.1m | — | |
| Amortization of Intangible Assets | $11.2m | $13.2m | $14.7m | $46.5m | $99.9m | $122.5m | $148.9m | $144.3m | $157.8m | $152.7m | — | |
| Depreciation | $2.0m | $2.8m | $3.5m | $8.9m | $16.0m | $14.7m | $12.3m | $8.8m | $4.6m | $2.0m | $154.1m | |
| Deferred Income Tax Expense (Benefit) | ($2.9m) | $4.3m | $408k | $3.7m | ($5.1m) | ($23.3m) | ($17.2m) | ($14.0m) | ($12.8m) | $39.8m | $48.5m | |
| Share-based Payment Arrangement, Noncash Expense | $8.4m | $14.3m | $21.1m | $39.8m | $42.9m | $52.8m | $62.6m | $77.2m | $96.4m | $73.1m | $78.1m | |
| Share-based Payment Arrangement, Expense | $8.4m | $14.3m | $21.1m | $45.4m | $42.9m | $53.1m | $62.6m | $77.2m | $96.4m | $73.1m | $78.1m | |
| Goodwill, Impairment Loss | — | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | $0 | — | — | — | — | — | — | — | |
| Operating Lease, Impairment Loss | — | — | — | — | — | $11.2m | $0 | $0 | — | — | — | |
| Nonoperating Income (Expense) | — | — | — | ($33.9m) | ($29.9m) | ($42.5m) | ($47.2m) | ($42.7m) | ($46.3m) | ($45.0m) | — | |
| Other Nonoperating Income (Expense) | ($1.1m) | ($2.2m) | ($1.9m) | ($9.1m) | $5.0m | ($5.9m) | $1.3m | $12.8m | $14.3m | $12.1m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $2.7m | $4.7m | $4.3m | $5.0m | $413k | $11.2m | $9.6m | $8.1m | $13.1m | $5.7m | ($5.7m) | |
| Increase (Decrease) in Inventories | ($28k) | ($377k) | — | — | — | — | — | — | — | — | — | |
| Increase (Decrease) in Accounts Payable | $567k | ($581k) | $863k | ($3.8m) | — | — | — | — | — | — | ($2.6m) | |
| Net Cash Provided by (Used in) Operating Activities | $45.6m |
$81.7m
+79.21%
|
$113.4m
+38.82%
|
$105.0m
-7.42%
|
$181.6m
+72.95%
|
$141.0m
-22.37%
|
$150.7m
+6.85%
|
$242.8m
+61.19%
|
$339.9m
+39.96%
|
$457.1m
+34.50%
|
$489.9m
+7.17%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $3.6m | $5.5m | $3.9m | $7.3m | $13.1m | $8.9m | $3.4m | $1.7m | $2.1m | $2.0m | ($48.9m) | |
| Cash, Cash Equivalents, and Short-term Investments | $180.6m | $240.6m | $361.5m | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Investments | $0 | — | — | — | — | — | — | — | — | — | ($16k) | |
| Gain (Loss) on Sale of Investments | — | — | — | $23.2m | $0 | $1.7m | $0 | $0 | — | — | — | |
| Payments to Acquire Investments | $379k | $483k | $728k | $53.8m | $0 | $0 | — | — | — | — | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | $1.6b | $0 | $504.5m | $0 | $0 | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($13.1m) | ($36.7m) | $25.7m | ($1.7b) | ($97.0m) | ($639.2m) | ($119.1m) | ($46.1m) | ($505.5m) | ($47.1m) | ($44.9m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | — | — | — | $7.8m | $239.1m | $1.0b | $8.8m | $54.4m | $561.9m | $100.0m | ($115.0m) | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | $0 | $0 | ($4.0m) | $0 | ($1.2m) | ($1.6m) | $0 | — | |
| Proceeds from Issuance of Long-term Debt | — | $0 | $0 | $1.2b | $0 | $950.0m | $0 | $0 | $736.9m | $0 | $0 | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | — | — | $121.5m | $299.3m | — | |
| Proceeds from Issuance of Common Stock | $7.1m | $14.6m | $22.9m | $458.5m | $286.8m | $456.6m | $0 | $0 | $9.4m | $11.4m | — | |
| Dividends paid | $0 | — | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | $23.8m |
$14.6m
-38.74%
|
$22.9m
+57.44%
|
$1.5b
+6292.49%
|
$52.4m
-96.42%
|
$394.9m
+653.24%
|
($2.7m)
-100.68%
|
($47.0m)
-1661.10%
|
$57.6m
+222.38%
|
($387.0m)
-772.22%
|
($467.5m)
-20.81%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $56.3m | $59.5m | $162.0m | ($169.7m) | $137.1m | ($103.4m) | $28.9m | $149.7m | ($108.0m) | $23.0m | $265.4m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $191.7m | $328.8m | $225.4m | $254.3m | $404.0m | $295.9m | $318.9m | $265.4m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | ($213k) | ($203k) | $203k | $21.8m | $27.7m | $16.1m | $43.6m | $49.6m | $58.6m | $52.2m | — | |
| Income Taxes Paid, Net | $863k | $27k | $587k | $9.3m | ($6.0m) | ($5.6m) | $1.5m | $35.4m | $26.1m | $8.0m | — | |
| Additional Financial Items | ||||||||||||
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | $27.8m | $0 | $1.7m | $0 | $0 | — | — | — | |
| Gain (Loss) on Disposition of Intangible Assets | — | — | ($700k) | ($700k) | — | — | — | — | — | — | — | |
| General and Administrative Expense | $20.2m | $25.1m | $33.0m | $60.6m | $84.5m | $84.4m | $95.6m | $103.7m | $132.3m | $119.9m | — | |
| Goodwill | $4.7m | $4.7m | $4.7m | $1.3b | $1.3b | $1.6b | $1.6b | $1.6b | $1.6b | $1.6b | $0 | |
| Income Tax Expense (Benefit) | $13.7m | $4.8m | $1.9m | $3.5m | ($4.7m) | ($22.5m) | ($12.0m) | $19.3m | $19.3m | $62.2m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $60.6m | $57.1m | — | |
| Operating Expenses | $65.1m | $80.5m | $103.5m | $248.9m | $381.3m | $447.9m | $481.0m | $504.9m | $614.9m | $590.7m | — | |
| Operating Lease, Expense | — | — | — | $9.1m | — | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | $7.1m | $14.6m | $22.9m | $11.3m | $8.6m | $9.8m | $6.7m | $6.5m | $9.4m | $11.4m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.