← Innovex International, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 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 | $93.2m | ($100.6m) | ($95.7m) | $1.7m | ($30.8m) | ($128.0m) | $443k | $604k | $140.3m | $83.3m | — | |
| Depreciation, Depletion and Amortization | $31.9m | $41.0m | $35.3m | $34.0m | $32.4m | $30.4m | $29.4m | $30.3m | $31.2m | $60.7m | $76.4m | |
| Amortization of Debt Issuance Costs | — | — | — | — | — | — | $312k | $332k | $409k | $317k | — | |
| Amortization of Intangible Assets | $200k | $2.4m | $2.4m | $2.9m | $3.0m | $3.0m | $2.8m | $3.6m | $8.5m | $15.9m | — | |
| Depreciation | $31.6m | $38.6m | $32.8m | $31.0m | $28.7m | $27.2m | $26.6m | $26.7m | $16.6m | $37.2m | $76.4m | |
| Deferred Income Tax Expense (Benefit) | ($3.4m) | $17.2m | ($4.1m) | $598k | $5.0m | $8.7m | $6.4m | ($2.9m) | ($4.6m) | $34.3m | $34.1m | |
| Share-based Payment Arrangement, Noncash Expense | $12.2m | $14.3m | $13.5m | $15.7m | $12.9m | $14.9m | $10.4m | $10.9m | $13.2m | $13.8m | $14.6m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | — | — | $10.2m | $1.2m | — | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | — | — | $13.2m | $13.8m | $14.6m | |
| Goodwill, Impairment Loss | $0 | $849k | $38.6m | $0 | $7.7m | — | — | $0 | $0 | $0 | $0 | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | — | — | — | — | $0 | $0 | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | $7.7m | $0 | $0 | — | — | — | — | |
| Restructuring Costs and Asset Impairment Charges | — | — | $98.6m | $174k | $35.4m | $75.2m | $7.8m | ($2.0m) | — | — | — | |
| Income (Loss) from Equity Method Investments | — | — | — | — | — | — | — | — | $2.6m | $0 | — | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | — | — | ($298k) | $1.8m | — | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | — | — | — | — | — | — | $0 | ($1.7m) | ($495k) | $0 | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | ($106.5m) | ($26.1m) | $11.9m | ($10.8m) | $9.5m | ($13.5m) | ($8.4m) | $25.8m | ($13.2m) | ($17.6m) | $6.7m | |
| Increase (Decrease) in Inventories | ($7.9m) | ($37.6m) | ($49.9m) | $14.1m | $28.3m | $5.5m | $1.2m | $28.6m | ($7.9m) | ($46.6m) | $17.3m | |
| Inventory Write-down | — | — | $32.1m | — | $17.3m | $66.9m | $0 | $0 | — | — | — | |
| Increase (Decrease) in Accounts Payable | — | — | — | — | — | — | — | — | ($22.3m) | ($12.7m) | $10.2m | |
| Net Cash Provided by (Used in) Operating Activities | $246.5m |
$108.0m
-56.19%
|
$45.5m
-57.86%
|
$14.7m
-67.74%
|
($21.1m)
-243.67%
|
$38.4m
+282.23%
|
($36.8m)
-195.69%
|
$7.7m
+121.01%
|
$93.4m
+1109.25%
|
$190.9m
+104.32%
|
$157.5m
-17.51%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $25.8m | $27.6m | $32.1m | $11.5m | $11.9m | $10.0m | $18.9m | $32.6m | $13.6m | $35.1m | ($33.2m) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $103k | $168k | $6.2m | $1.5m | $587k | $4.5m | $20.0m | $8.8m | ($939k) | ($40.1m) | ($51.5m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $132.4m | $20.4m | $0 | — | — | — | $28.9m | $82.3m | $65.5m | $83.7m | ($15.0m) | |
| Net Cash Provided by (Used in) Investing Activities | ($157.8m) | ($44.9m) | ($15.2m) | ($8.5m) | ($5.6m) | ($3.2m) | ($30.1m) | ($79.8m) | $78.4m | ($18.7m) | $48.8m | |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common Stock | $24.2m | $0 | $100.0m | $26.6m | $25.0m | $24.2m | $20.8m | $0 | — | — | — | |
| Dividends paid | — | — | — | — | — | — | — | — | $75.0m | $0 | $0 | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | ($183k) | ($183k) | ($109k) | ($83k) | ($124k) | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | ($21.9m) |
$560k
+102.56%
|
($99.2m)
-17814.11%
|
($24.6m)
+75.23%
|
($25.2m)
-2.49%
|
($24.3m)
+3.51%
|
($20.9m)
+14.03%
|
($124k)
+99.41%
|
($103.1m)
-83022.58%
|
($44.9m)
+56.42%
|
($53.3m)
-18.57%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | ($19.2m) | ($53.0m) | $9.5m | ($90.6m) | ($73.4m) | $65.9m | $130.1m | $221.8m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $398.9m | $346.0m | $355.5m | $264.8m | $191.4m | $73.3m | $203.4m | $221.8m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | ($789k) | ($1.1m) | ($1.4m) | ($2.9m) | ($1.2m) | ($2.9m) | $2.9m | $301k | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | — | — | $3.1m | $5.7m | $2.0m | $1.0m | — | |
| Income Taxes Paid, Net | — | — | $3.8m | $10.9m | $18.2m | $2.0m | $1.3m | $13.7m | $5.6m | $10.0m | — | |
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | — | ($2.3m) | ($836k) | $3.8m | $2.5m | — | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | — | — | — | $654k | $39.8m | — | |
| Goodwill | $34.4m | $47.6m | $7.7m | $7.9m | — | — | — | $16.7m | $60.2m | $99.7m | $0 | |
| Income Tax Expense (Benefit) | $22.6m | $35.0m | ($19.3m) | $8.7m | ($31.3m) | $2.9m | $6.3m | $12.9m | $2.5m | $45.2m | — | |
| Investment Income, Interest | $3.0m | $3.6m | $8.0m | $7.9m | $2.1m | $575k | $4.5m | — | — | — | — | |
| Operating Lease, Expense | — | — | — | $2.1m | $2.2m | $1.3m | $600k | $1.7m | — | — | — | |
| Proceeds from Stock Options Exercised | $2.2m | $560k | $1.6m | $2.2m | — | $0 | — | — | $3.3m | $0 | — | |
| Restructuring Costs | — | — | $5.7m | $4.4m | $1.4m | — | — | — | — | — | — | |
| Stock or Unit Option Plan Expense | $0 | — | — | — | — | — | — | — | — | — | — |