← International Money Express, Inc.
| Annual Trend | FY 2016 | 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 | ($2k) |
($185k)
-11334.11%
|
($7.2m)
-3808.34%
|
$19.6m
+370.69%
|
$33.8m
+72.29%
|
$46.8m
+38.65%
|
$57.3m
+22.39%
|
$59.5m
+3.81%
|
$58.8m
-1.17%
|
$32.7m
-44.46%
|
|
| Depreciation, Depletion and Amortization | $2.5m | $16.6m | $15.7m | $12.7m | $10.8m | $9.5m | $9.5m | $12.9m | $13.6m | $17.2m | |
| Amortization of Debt Issuance Costs | — | — | $4.4m | $734k | $760k | $875k | $998k | $1.1m | $1.4m | $1.0m | |
| Amortization of Intangible Assets | — | — | $12.5m | $9.3m | $7.0m | $5.2m | $4.2m | $4.9m | $4.0m | $4.6m | |
| Depreciation | $2.5m | $16.6m | $3.2m | $3.3m | $3.9m | $4.3m | $5.2m | $8.0m | $9.6m | $12.5m | |
| Debt origination costs amortization | $2.7m | $335k | $4.4m | $734k | $760k | $875k | $998k | $1.1m | $1.4m | $1.0m | |
| Deferred Income Tax Expense (Benefit) | — | — | $191k | $1.9m | $1.4m | $734k | ($503k) | ($2.6m) | ($448k) | $5.2m | |
| Deferred income tax provision (benefit), net | $3.7m | $370k | $191k | $1.9m | $1.4m | $734k | ($503k) | ($2.6m) | ($448k) | $5.2m | |
| Share-based Payment Arrangement, Noncash Expense | — | — | $5.8m | $2.6m | $3.2m | $4.6m | $7.1m | $8.1m | $7.0m | $9.3m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | $849k | $5.4m | $3.9m | $2.5m | $1.1m | |
| Share-based compensation | $63k | $1.8m | $5.8m | $2.6m | $3.2m | $4.6m | $7.1m | $8.1m | $7.0m | $9.3m | |
| Payments for stock-based awards | — | — | — | $0 | $0 | ($849k) | ($5.4m) | ($3.9m) | ($2.5m) | ($1.1m) | |
| Goodwill, Impairment Loss | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.2m | |
| Impairment of Intangible Assets, Finite-lived | — | — | $0 | $0 | — | — | — | — | — | — | |
| Goodwill impairment | — | — | — | — | — | — | — | $0 | $0 | $1.2m | |
| Changes in operating assets and liabilities: | |||||||||||
| Increase (Decrease) in Accounts Receivable | — | — | ($14.3m) | $5.7m | $17.1m | $13.8m | $48.6m | $29.2m | ($41.6m) | $7.1m | |
| Accounts receivable | ($15.9m) | ($29.2m) | $14.3m | ($5.7m) | ($17.1m) | ($13.8m) | ($48.6m) | ($29.2m) | $41.6m | ($7.1m) | |
| Settlement of receivables from agent acquisitions | — | — | — | — | — | — | — | $0 | $0 | $1.6m | |
| Accounts payable and accrued and other liabilities | $4.6m | $3.6m | $16.3m | $7.2m | ($1.4m) | $22.0m | ($1.0m) | $20.6m | ($23.1m) | ($17.8m) | |
| Accrued liabilities related to agent acquisitions | — | — | — | — | — | — | — | $0 | $0 | $150k | |
| Prepaid expenses and other assets | ($302k) | ($1.0m) | ($2.1m) | ($659k) | ($1.1m) | ($6.4m) | ($3.9m) | ($6.9m) | $5.7m | ($9.2m) | |
| Net Cash Provided by (Used in) Operating Activities | ($622) |
($668k)
-107250.48%
|
$19.8m
+3071.01%
|
$52.5m
+164.82%
|
($880k)
-101.68%
|
$78.1m
+8974.77%
|
$15.2m
-80.57%
|
$143.5m
+845.86%
|
$53.1m
-63.01%
|
$36.9m
-30.51%
|
|
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | ($3.0m) | ($4.4m) | $5.3m | $6.5m | $4.1m | $10.6m | $12.2m | $12.8m | $30.0m | $21.1m | |
| Gain (Loss) on Disposition of Property Plant Equipment | $173k | $128k | ($216k) | ($265k) | ($419k) | ($1.4m) | ($788k) | ($1.8m) | ($1.6m) | ($1.5m) | |
| Proceeds from sale of real estate property | — | — | — | — | — | — | — | $0 | $0 | $407k | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $0 | $0 | — | — | $131k | $5.5m | $1.2m | $0 | |
| Cash used in business acquisitions, net of cash and cash equivalents acquired | $0 | ($924k) | $0 | $0 | $0 | $0 | ($131k) | ($5.5m) | ($1.2m) | $0 | |
| Cash used in asset acquisitions | — | — | — | — | — | — | $0 | $0 | ($12.0m) | $0 | |
| Net Cash Provided by (Used in) Investing Activities | ($3.0m) | ($174.5m) | ($5.5m) | ($6.7m) | ($4.1m) | ($10.8m) | ($12.5m) | ($18.3m) | ($43.9m) | ($22.1m) | |
| Cash flows from financing activities: | |||||||||||
| Repayments of Long-term Debt | — | — | $95.8m | — | — | — | — | — | — | — | |
| Proceeds from Issuance of Long-term Debt | — | — | $90.0m | $12.0m | $0 | $40.2m | — | — | — | — | |
| Borrowings under revolving credit facility | — | — | — | — | — | — | $76.0m | $38.0m | $3.0b | $8.1b | |
| Debt origination costs | ($2.3m) | ($4.7m) | ($3.5m) | ($240k) | $0 | ($2.9m) | ($50k) | ($751k) | ($3.1m) | $0 | |
| Payments for Repurchase of Common Stock | — | — | $0 | — | — | $5.6m | $53.7m | $66.3m | $75.1m | $16.3m | |
| Payments of Ordinary Dividends, Common Stock | — | — | $0 | $0 | — | — | — | — | — | — | |
| Proceeds from Issuance of Common Stock | — | $3k | — | — | — | — | — | — | — | — | |
| Repurchases of common stock | ($34.0m) | $0 | $0 | $0 | $0 | ($5.6m) | ($53.7m) | ($66.3m) | ($75.1m) | ($16.3m) | |
| Issuance of common stock for cashless exercise of options | — | $0 | $0 | $21k | $130k | $3.0m | $9.2m | $0 | $4.4m | $0 | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | — | — | — | — | ($52k) | |
| Other financing activities | — | — | — | — | — | — | — | $0 | $0 | ($52k) | |
| Net Cash Provided by (Used in) Financing Activities | $83k |
$175.4m
+210683.42%
|
($1.1m)
-100.63%
|
($32.9m)
-2859.93%
|
($6.2m)
+81.30%
|
($9.6m)
-56.10%
|
$14.1m
+246.19%
|
($37.1m)
-364.05%
|
($114.2m)
-207.66%
|
$20.8m
+118.21%
|
|
| Net increase (decrease) in cash and cash equivalents | $18.7m | $15.2m | $13.2m | $13.1m | ($11.2m) | $57.6m | $17.0m | $89.7m | ($108.7m) | $38.2m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $13.2m | $13.1m | ($11.2m) | $57.6m | $17.0m | $89.7m | ($108.7m) | $38.2m | |
| Cash and cash equivalents, beginning of the year | $38.2m | $59.8m | $73.0m | $86.1m | $74.9m | $132.5m | $149.5m | $239.2m | $130.5m | $168.7m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $73.0m | $86.1m | $74.9m | $132.5m | $149.5m | $239.2m | $130.5m | $168.7m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | $316k | $1.6m | ($3.6m) | $2.6m | |
| Effect of exchange rate changes on cash and cash equivalents | — | — | — | — | ($108k) | ($142k) | $316k | $1.6m | ($3.6m) | $2.6m | |
| Additional Supplementary Disclosures | |||||||||||
| Additional Supplementary Disclosures | |||||||||||
| Additional Supplementary Disclosures | |||||||||||
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $6.8m | $11.7m | $10.7m | $8.8m | $5.8m | $3.7m | $4.6m | $9.2m | $10.4m | $10.8m | |
| Income Taxes Paid, Net | $155k | $400k | $1.5m | $4.9m | $11.1m | $13.5m | $24.3m | $21.5m | $24.6m | $17.9m | |
| Additional Financial Items | |||||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | $30k | $41k | $218k | $300k | ($16k) | $200k | $100k | ($900k) | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | — | — | — | — | — | $3.3m | |
| Goodwill | — | — | $36.3m | $36.3m | $36.3m | $36.3m | $49.8m | $54.0m | $55.2m | $54.0m | |
| Income Tax Expense (Benefit) | — | $437k | $1.9m | $8.3m | $12.5m | $16.5m | $19.9m | $25.5m | $24.4m | $14.4m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $11.7m | $11.8m | |
| Investment Income, Interest | — | $1.4m | — | — | — | — | — | — | — | — | |
| Operating Costs and Expenses | — | $1.1m | — | — | — | — | — | — | — | — | |
| Operating Expenses | — | — | $260.8m | $283.2m | $304.3m | $391.4m | $463.9m | $563.2m | $563.6m | $552.1m | |
| Payments for Repurchase of Warrants | — | — | — | $10.0m | $0 | $0 | — | — | — | — | |
| Proceeds from Stock Options Exercised | — | — | — | $283k | $1.5m | $3.8m | $1.7m | $1.3m | — | — | |
| Restructuring Costs | — | — | — | — | — | — | — | $1.2m | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | — | $319.6m | $357.2m | $459.2m | $546.8m | $658.7m | $658.6m | $607.8m | |
| Provision for credit losses | $909k | $1.4m | $1.2m | $1.6m | $1.8m | $1.5m | $2.6m | $5.0m | $6.4m | $7.9m | |
| Fair value of contingent consideration | — | — | — | — | — | $0 | $0 | ($763k) | $0 | $0 | |
| Gain contingency | — | — | — | — | — | — | — | $0 | $0 | $3.3m | |
| Non-cash lease expense | — | — | — | — | — | $0 | $3.1m | $7.8m | $7.0m | $7.0m | |
| Total adjustments | $10.1m | $20.7m | $29.4m | $19.8m | $18.5m | $18.7m | $23.5m | $33.4m | $36.7m | $53.6m | |
| Prepaid wires, net | $777k | ($14k) | ($19.0m) | $8.8m | ($35.6m) | ($3.9m) | ($32.4m) | $68.4m | ($24.5m) | ($7.4m) | |
| Lease liabilities | — | — | — | — | — | $0 | $594k | ($6.2m) | ($5.9m) | ($7.9m) | |
| Wire transfers and money orders payable, net | $13.8m | $27.6m | ($11.9m) | $3.4m | $2.1m | $14.7m | $19.7m | $4.0m | ($36.3m) | $36k | |
| Acquisition of agent locations | $0 | $0 | ($120k) | ($250k) | $0 | ($185k) | ($225k) | $0 | ($700k) | ($1.4m) | |
| Repayments of term loan facility | — | ($76.2m) | ($95.8m) | ($5.0m) | ($7.7m) | ($44.2m) | ($4.4m) | ($5.5m) | ($75.5m) | $0 | |
| Repayments of Lines of Credit | — | — | — | — | — | — | $0 | $0 | ($3.0b) | ($8.0b) | |
| Proceeds (payments) from exercise of options | — | $0 | $0 | $283k | $1.5m | $3.8m | $1.7m | $1.3m | ($669k) | $46k | |
| Lease liabilities arising from obtaining right-of-use assets | — | — | — | — | — | $0 | $23.0m | $6.0m | $2.4m | $3.0m | |
| Contingent consideration liability | — | — | — | — | $0 | $0 | $1.3b | $600k | $0 | $0 | |
| Settlement of preexisting receivable balance from LAN Holdings against the consideration transferred | — | — | — | — | — | $0 | $0 | $2.5m | $0 | $0 | |
| Settlement of contingent consideration and acquisition related liabilities | — | — | — | — | — | — | — | $0 | $0 | $2.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.