← INNOSPEC 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 | $81.3m | $61.8m | $85.0m | $112.2m | $28.7m | $93.1m | $133.0m | $139.1m | $35.6m | $116.6m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | ($100k) | ($100k) | $100k | $100k | $100k | — | $100k | $2.4m | — | — | |
| Depreciation, Depletion and Amortization | $38.1m | $50.4m | $49.6m | $47.6m | $46.0m | $42.7m | $40.1m | $39.3m | $43.5m | $43.6m | $41.5m | |
| Amortization of Debt Issuance Costs | $400k | $600k | $700k | $1.0m | $400k | $300k | $400k | $400k | $400k | $400k | — | |
| Amortization of Intangible Assets | $24.2m | $28.3m | $26.3m | $23.0m | $20.9m | $16.0m | $14.0m | $10.6m | $12.6m | $11.6m | — | |
| Depreciation | $13.5m | $21.4m | $22.6m | $23.6m | $24.7m | $26.3m | $25.7m | $27.9m | $31.0m | $32.1m | $41.5m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $40.1m | $39.3m | $43.5m | $43.6m | $41.5m | |
| Deferred Income Tax Expense (Benefit) | $1.0m | ($6.8m) | $5.5m | ($800k) | ($2.4m) | $6.9m | ($5.0m) | $4.1m | ($40.4m) | ($9.0m) | ($12.3m) | |
| Deferred Income Tax | — | — | — | — | — | — | ($5.5m) | $3.6m | ($39.3m) | ($10.2m) | ($12.3m) | |
| Deferred Tax | — | — | — | — | — | — | ($5.5m) | $3.6m | ($39.3m) | ($10.2m) | ($12.3m) | |
| Share-based Payment Arrangement, Noncash Expense | $3.3m | $4.1m | $4.9m | $6.6m | $5.8m | $4.4m | $6.7m | $8.0m | $8.5m | $8.1m | $7.8m | |
| Goodwill, Impairment Loss | — | — | — | — | $0 | $0 | — | — | — | — | $42.0m | |
| Impairment of Intangible Assets, Finite-lived | — | — | $0 | $0 | $19.8m | $0 | $0 | $0 | $0 | $19.1m | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $0 | $0 | $0 | $42.0m | $42.0m | |
| Other Nonoperating Income (Expense) | $900k | $6.6m | $5.0m | $5.3m | $7.8m | $3.8m | ($1.6m) | $10.5m | $9.6m | ($600k) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($90.1m) | $20.6m | ($18.9m) | ($48.4m) | ($54.0m) | |
| Change In Receivables | — | — | — | — | — | — | ($55.5m) | ($12.6m) | $4.3m | $21.6m | ($77.5m) | |
| Increase (Decrease) in Inventories | ($7.7m) | $30.8m | $42.2m | ($2.4m) | ($25.5m) | $62.0m | $98.5m | ($83.0m) | $11.8m | $6.6m | ($5.3m) | |
| Change In Inventory | — | — | — | — | — | — | ($98.5m) | $83.0m | ($11.8m) | ($6.6m) | ($5.3m) | |
| Net Cash Provided by (Used in) Operating Activities | $104.5m |
$82.7m
-20.86%
|
$104.9m
+26.84%
|
$161.6m
+54.05%
|
$145.9m
-9.72%
|
$93.2m
-36.12%
|
$81.7m
-12.34%
|
$207.3m
+153.73%
|
$184.5m
-11.00%
|
$138.3m
-25.04%
|
$124.3m
-10.12%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | $0 | $0 | $2.9m | $200k | $0 | $200k | $200k | $200k | |
| Capital Expenditure | — | — | — | — | — | — | ($42.3m) | ($77.2m) | ($62.3m) | ($75.5m) | ($75.0m) | |
| Capital Expenditure Reported | — | — | — | — | — | — | ($39.6m) | ($62.1m) | ($41.4m) | ($50.3m) | ($75.0m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $197.4m | ($2.6m) | $5.4m | $0 | $0 | — | — | $34.7m | $200k | $700k | $0 | |
| Net Cash Provided by (Used in) Investing Activities | ($209.1m) | ($29.6m) | ($35.5m) | ($31.0m) | ($29.7m) | ($36.2m) | ($42.1m) | ($111.8m) | ($62.0m) | ($75.1m) | ($73.6m) | |
| Cash flows from financing activities: | ||||||||||||
| Issuance Of Debt | — | — | — | — | — | $0 | $0 | $0 | — | — | — | |
| Long Term Debt Payments | — | — | — | — | — | — | ($100k) | ($2.3m) | $0 | $0 | $0 | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($100k) | ($2.3m) | $0 | $0 | $0 | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($100k) | ($2.3m) | $0 | $0 | $0 | |
| Net Short Term Debt Issuance | — | — | — | — | — | $0 | $0 | $0 | — | — | — | |
| Repayment Of Debt | — | — | — | — | — | — | ($100k) | ($2.3m) | $0 | $0 | $0 | |
| Short Term Debt Payments | — | — | — | — | — | $0 | $0 | $0 | — | — | — | |
| Payments for Repurchase of Common Stock | $8.4m | $1.1m | $1.4m | $2.4m | $2.1m | $800k | $5.9m | $1.1m | $700k | $23.9m | — | |
| Common Stock Dividend Paid | — | — | — | — | — | ($28.8m) | ($31.7m) | — | — | — | — | |
| Common Stock Issuance | — | — | — | — | — | — | $2.2m | $900k | $2.1m | $500k | $200k | |
| Common Stock Payments | — | — | — | — | — | — | ($5.9m) | ($1.1m) | ($700k) | ($23.9m) | ($24.1m) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $2.2m | $900k | $2.1m | $500k | $200k | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($3.7m) | ($200k) | $1.4m | ($23.4m) | ($23.9m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($5.9m) | ($1.1m) | ($700k) | ($23.9m) | ($24.1m) | |
| Dividends paid | $15.9m | $18.6m | $21.7m | $25.0m | $25.6m | $28.8m | $31.7m | $35.1m | $38.8m | $42.4m | ($44.3m) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($31.7m) | ($35.1m) | ($38.8m) | ($42.4m) | ($44.3m) | |
| Net Other Financing Charges | — | — | — | — | — | — | $1.8m | ($1.4m) | $2.1m | $1.9m | $2.8m | |
| Net Cash Provided by (Used in) Financing Activities | $70.5m |
($66.4m)
-194.18%
|
($36.2m)
+45.48%
|
($177.9m)
-391.44%
|
($86.8m)
+51.21%
|
($20.0m)
+76.96%
|
($33.7m)
-68.50%
|
($39.0m)
-15.73%
|
($35.3m)
+9.49%
|
($63.9m)
-81.02%
|
($66.3m)
-3.76%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($900k) | $1.6m | $32.9m | ($47.4m) | $29.6m | $36.5m | $5.3m | $56.6m | $85.5m | $3.3m | $251.0m | |
| Beginning Cash Position | — | — | — | — | — | — | $141.8m | $147.1m | $203.7m | $289.2m | $266.6m | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($600k) | $100k | ($1.7m) | $4.0m | ($800k) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Income Taxes Paid, Net | — | — | — | — | — | — | — | — | — | $51.0m | — | |
| Additional Financial Items | ||||||||||||
| Asset Acquisition Contingent Consideration Liability | — | — | — | — | — | — | — | $23.4m | $20.1m | $1.3m | — | |
| Environmental Remediation Expense | — | — | — | — | $7.5m | $0 | $0 | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | ($1.8m) | $0 | $0 | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | $1.8m | $0 | $0 | $200k | — | — | |
| Goodwill | $374.8m | $361.8m | $364.9m | $363.0m | $371.2m | $364.3m | $358.8m | $399.3m | $382.5m | $399.0m | $42.0m | |
| Income Tax Expense (Benefit) | $21.8m | $66.3m | $46.6m | $38.2m | $11.0m | $41.3m | $51.6m | $35.3m | $5.6m | $21.5m | — | |
| Operating Expenses | $226.9m | $273.6m | $301.5m | $316.3m | $309.0m | $302.8m | $399.4m | $429.5m | $365.0m | $362.9m | — | |
| Proceeds from Noncontrolling Interests | $0 | $0 | — | — | $100k | $100k | $1.8m | $0 | $2.4m | $1.9m | — | |
| Unrealized Gain (Loss) on Derivatives | — | $900k | $300k | — | — | — | — | — | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($33.7m) | ($39.0m) | ($35.3m) | ($63.9m) | ($66.3m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($42.1m) | ($111.8m) | ($62.0m) | ($75.1m) | ($73.6m) | |
| Change In Account Payable | — | — | — | — | — | — | $54.2m | ($26.9m) | ($4.5m) | ($32.8m) | $28.3m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $5.3m | $56.6m | $85.5m | $3.3m | — | |
| Change In Income Tax Payable | — | — | — | — | — | — | $9.4m | ($25.9m) | $6.3m | ($21.8m) | ($21.8m) | |
| Change In Other Working Capital | — | — | — | — | — | — | ($4.3m) | $7.2m | ($10.4m) | ($10.6m) | $22.1m | |
| Change In Payable | — | — | — | — | — | — | $63.6m | ($52.8m) | $1.8m | ($54.6m) | $28.3m | |
| Change In Prepaid Assets | — | — | — | — | — | — | $4.6m | ($4.2m) | ($2.8m) | $1.8m | $200k | |
| Change In Tax Payable | — | — | — | — | — | — | $9.4m | ($25.9m) | $6.3m | ($21.8m) | ($21.8m) | |
| Changes In Cash | — | — | — | — | — | — | $5.9m | $56.5m | $87.2m | ($700k) | ($15.6m) | |
| End Cash Position | — | — | — | — | — | — | $147.1m | $203.7m | $289.2m | $292.5m | $251.0m | |
| Financing Cash Flow | — | — | — | — | — | — | ($33.7m) |
($39.0m)
-15.73%
|
($35.3m)
+9.49%
|
($63.9m)
-81.02%
|
($66.3m)
-3.76%
|
|
| Free Cash Flow | — | — | — | — | — | — | $39.4m | $130.1m | $122.2m | $62.8m | $49.3m | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | $0 | $0 | ($200k) | ($200k) | $0 | |
| Investing Cash Flow | — | — | — | — | — | — | ($42.1m) | ($111.8m) | ($62.0m) | ($75.1m) | ($73.6m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $0 | ($34.7m) | ($200k) | ($700k) | $0 | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | ($2.7m) | ($15.1m) | ($20.9m) | ($25.2m) | ($19.5m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | $200k | $100k | $500k | $1.1m | $2.1m | |
| Operating Gains Losses | — | — | — | — | — | — | ($2.5m) | ($3.3m) | $151.7m | $2.5m | $200k | |
| Other Non Cash Items | — | — | — | — | — | — | — | — | $3.4m | ($15.9m) | — | |
| Pension And Employee Benefit Expense | — | — | — | — | — | — | ($2.5m) | ($3.3m) | $151.9m | $2.7m | $200k | |
| Purchase Of Business | — | — | — | — | — | — | $0 | ($34.7m) | ($200k) | ($700k) | $0 | |
| Purchase Of Intangibles | — | — | — | — | — | — | ($2.7m) | ($15.1m) | ($20.9m) | ($25.2m) | ($19.5m) | |
| Sale Of Business | — | — | — | — | — | $0 | $0 | — | — | — | — | |
| Sale Of PPE | — | — | — | — | — | — | $200k | $100k | $500k | $1.1m | $2.1m | |
| Stock Based Compensation | — | — | — | — | — | — | $6.7m | $8.0m | $8.5m | $8.1m | $7.8m |