← KADANT 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 | $31.1m |
$60.4m
+94.30%
|
$52.1m
-13.81%
|
$55.2m
+6.01%
|
$55.7m
+0.98%
|
$120.9m
+116.95%
|
$116.1m
-4.02%
|
$111.6m
-3.85%
|
$102.0m
-8.63%
|
$103.7m
+1.68%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $31.6m | $61.0m | $52.6m | $55.7m | — | $121.7m | $116.8m | $112.6m | $103.7m | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $491k | $633k | $496k | $543k | $543k | $802k | $737k | $956k | — | $1.7m | — | |
| Depreciation, Depletion and Amortization | $19.4m | $23.6m | $32.4m | $31.3m | $31.3m | $34.9m | $33.3m | $49.6m | $22.9m | $51.2m | $57.3m | |
| Amortization of Intangible Assets | $12.0m | $14.2m | $20.2m | $19.1m | — | $20.5m | $18.4m | $29.0m | — | — | — | |
| Depreciation | $19.4m | $23.6m | $32.4m | — | $31.3m | $34.3m | $33.3m | $20.5m | $22.9m | $51.2m | $22.9m | |
| Depreciation Amortization Depletion | — | — | — | — | — | $34.9m | $33.3m | $49.6m | $51.2m | — | $57.3m | |
| Deferred Income Tax Expense (Benefit) | $578k | ($4.2m) | ($2.5m) | $142k | $142k | $7.2m | ($1.9m) | $1.2m | $2.4m | $2.4m | $2.4m | |
| Deferred Tax | — | — | — | — | — | $7.2m | ($1.9m) | $1.2m | $2.4m | — | $2.4m | |
| Share-based Payment Arrangement, Noncash Expense | $5.8m | $7.0m | $6.8m | $6.8m | — | $8.6m | $9.8m | $10.6m | — | — | $11.2m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $2.2m | $3.9m | $2.7m | $2.6m | — | $4.6m | $3.9m | $5.9m | — | — | — | |
| Stock-based compensation expense | $5.8m | $7.0m | $6.8m | — | $6.8m | $8.5m | $9.8m | $10.6m | — | $11.2m | $11.2m | |
| Tax withholding payments related to stock-based compensation | ($2.2m) | ($3.9m) | ($2.7m) | — | ($2.6m) | ($3.4m) | ($3.9m) | ($5.9m) | — | ($6.1m) | — | |
| Gain (Loss) on Sale of Assets and Asset Impairment Charges | — | — | — | — | — | $18.9m | ($723k) | ($658k) | — | — | — | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | — | $29k | — | — | — | — | $287k | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | $2.3m | $1.9m | — | $731k | $36k | $0 | — | — | — | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | $1.9m | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $0 | $0 | $0 | — | — | — | — | — | — | — | — | |
| Asset Impairment Charge | — | — | — | — | $804k | $731k | $36k | $0 | — | — | $287k | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | — | ($658k) | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | ($58.1m) | $3.3m | ($27.3m) | ($6.3m) | — | ($11.8m) | |
| Increase (Decrease) in Accounts Receivable | $10.9m | $7.0m | ($6.6m) | ($7.1m) | — | $18.5m | $1.7m | $2.8m | — | — | $7.1m | |
| Provision for losses on accounts receivable | $436k | $355k | $114k | — | $356k | $5k | $531k | $721k | — | $737k | — | |
| Accounts receivable | ($10.9m) | ($7.0m) | $6.6m | — | $7.1m | ($16.7m) | ($1.7m) | ($2.8m) | — | $13.5m | $7.1m | |
| Change In Receivables | — | — | — | — | — | ($25.2m) | $4.8m | ($9.8m) | $25.7m | — | $7.1m | |
| Changes In Account Receivables | — | — | — | — | — | ($18.5m) | ($1.7m) | ($2.8m) | $13.5m | — | $7.1m | |
| Increase (Decrease) in Inventories | ($1.2m) | $6.6m | $3.1m | $89k | — | $36.1m | ($14.1m) | ($24.0m) | — | — | $8.9m | |
| Inventories | $1.2m | ($6.6m) | ($3.1m) | — | ($89k) | ($11.2m) | $14.1m | $24.0m | — | ($12.9m) | $8.9m | |
| Change In Inventory | — | — | — | — | — | ($36.1m) | $14.1m | $24.0m | ($12.9m) | — | $8.9m | |
| Increase (Decrease) in Accounts Payable | ($522k) | $5.4m | $7.4m | ($15.6m) | ($15.6m) | $1.4m | ($19.9m) | $10.6m | — | ($7.2m) | ($4.0m) | |
| Other assets | $1.4m | $2.7m | ($7.6m) | — | ($833k) | ($15.0m) | $4.2m | ($1.1m) | — | $2.0m | — | |
| Other liabilities | — | — | ($5.7m) | — | ($8.6m) | $19.5m | $9.2m | ($21.2m) | — | ($23.2m) | — | |
| Change In Other Current Assets | — | — | — | — | — | ($1.6m) | $4.2m | ($1.1m) | $2.0m | — | ($1.5m) | |
| Change In Other Current Liabilities | — | — | — | — | — | ($11.0m) | $9.2m | ($21.2m) | ($23.2m) | — | ($19.6m) | |
| Net Cash Provided by (Used in) Operating Activities | $65.2m |
$63.0m
-3.34%
|
$97.4m
+54.66%
|
$92.9m
-4.65%
|
$92.9m
0.00%
|
$102.6m
+10.49%
|
$165.5m
+61.31%
|
$155.3m
-6.21%
|
$171.3m
+10.35%
|
$171.3m
0.00%
|
$167.7m
-2.13%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $17.3m | $16.6m | $10.0m | $7.6m | ($7.6m) | $28.2m | $31.9m | $21.0m | ($17.0m) | ($17.0m) | ($23.4m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($42k) | ($110k) | $79k | $8k | $145k | $1.7m | $1.6m | $1.3m | — | $250k | $658k | |
| Payments to Acquire Businesses, Net of Cash Acquired | $204.7m | $0 | $177.8m | $7.1m | — | $3.5m | $905k | $300.3m | — | — | ($8.8m) | |
| Acquisitions, net of cash acquired (Note 2) | ($204.7m) | $0 | ($177.8m) | — | ($7.1m) | ($144.0m) | ($905k) | ($300.3m) | — | ($190.0m) | ($8.8m) | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | — | ($42k) | ($328k) | ($914k) | — | — | — | |
| Other investing activities | — | — | $0 | — | $0 | $537k | $328k | $914k | — | $1.4m | — | |
| Net Other Investing Changes | — | — | — | — | — | $42k | $328k | $914k | $1.4m | — | $1.4m | |
| Net Cash Provided by (Used in) Investing Activities | ($221.9m) | ($16.4m) | ($187.4m) | ($14.5m) | ($14.5m) | ($29.5m) | ($30.8m) | ($319.1m) | — | ($205.4m) | ($24.6m) | |
| Cash flows from financing activities: | ||||||||||||
| Payment of debt issuance costs | ($491k) | ($452k) | ($56k) | — | ($189k) | $0 | ($8k) | $0 | — | ($2.6m) | — | |
| Issuance Of Debt | — | — | — | — | — | $22.1m | $0 | $305.2m | $199.0m | — | $18.0m | |
| Long Term Debt Issuance | — | — | — | — | $151.9m | $22.1m | — | — | — | — | — | |
| Net Issuance Payments Of Debt | — | — | — | — | — | ($63.5m) | ($94.0m) | $180.7m | $75.7m | — | ($104.3m) | |
| Net Short Term Debt Issuance | — | — | — | — | — | ($63.5m) | ($94.0m) | $180.7m | $75.7m | — | $182.9m | |
| Repayment Of Debt | — | — | — | — | — | ($85.5m) | ($94.0m) | ($124.5m) | ($123.4m) | — | ($122.3m) | |
| Short Term Debt Issuance | — | — | — | — | — | $22.1m | $0 | $305.2m | $199.0m | — | $199.0m | |
| Short Term Debt Payments | — | — | — | — | — | ($85.5m) | ($94.0m) | ($124.5m) | ($123.4m) | — | ($122.3m) | |
| Payments for Repurchase of Common Stock | $0 | — | — | — | — | — | — | — | — | — | — | |
| Payments of Ordinary Dividends, Common Stock | $9 | $10 | $10 | $11 | — | $12 | $13 | $15 | — | — | ($15.3m) | |
| Proceeds from Issuance of Common Stock | $0 | $813k | $5.2m | $3.2m | — | $1.4m | $0 | $1.6m | — | — | $2.1m | |
| Proceeds from issuance of Company common stock | $0 | $813k | $5.2m | — | $3.2m | $1.9m | $0 | $1.6m | — | $4.6m | — | |
| Common Stock Dividend Paid | — | — | — | — | — | ($12.0m) | ($13.2m) | ($14.7m) | ($15.8m) | — | ($15.3m) | |
| Common Stock Issuance | — | — | — | — | — | $1.4m | $0 | $1.6m | $4.6m | — | $2.1m | |
| Issuance Of Capital Stock | — | — | — | — | — | $1.4m | $0 | $1.6m | $4.6m | — | $2.1m | |
| Dividends Payable | $2 | $2 | $3 | $3 | — | $3 | $3 | $4 | — | — | — | |
| Dividends paid | ($9) | ($10) | ($10) | — | ($11) | ($11) | ($13) | ($15) | — | ($16) | ($15.3m) | |
| Cash Dividends Paid | — | — | — | — | — | ($12.0m) | ($13.2m) | ($14.7m) | ($15.8m) | — | ($15.3m) | |
| Proceeds from (Payments for) Other Financing Activities | ($491k) | ($452k) | — | ($189k) | — | ($1.3m) | ($8k) | $0 | — | — | — | |
| Net Other Financing Charges | — | — | — | — | — | ($6.5m) | ($3.9m) | ($7.8m) | ($10.4m) | — | ($6.9m) | |
| Net Cash Provided by (Used in) Financing Activities | $150.5m |
($74.2m)
-149.28%
|
$112.5m
+251.64%
|
($84.6m)
-175.19%
|
($84.6m)
0.00%
|
($80.6m)
+4.72%
|
($111.1m)
-37.91%
|
$159.9m
+243.92%
|
— | $54.0m |
($124.4m)
-330.32%
|
|
| Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash | $3.3m | ($30.7m) | $22.2m | — | ($1.6m) | $27.5m | $26.7m | ($10.5m) | — | $26.7m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $22.2m | ($1.6m) | — | ($14.4m) | $26.7m | ($10.5m) | — | — | $93.9m | |
| Cash, Cash Equivalents, and Restricted Cash at Beginning of Year | $76.8m | $46.1m | $68.3m | — | $66.6m | $94.2m | $106.5m | $95.9m | — | $122.7m | — | |
| Beginning Cash Position | — | — | — | — | — | $94.2m | $79.7m | $106.5m | $95.9m | — | $97.2m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $46.1m | $68.3m | $66.6m | — | $79.7m | $106.5m | $95.9m | — | — | $93.9m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | ($3.2m) | ($350k) | $4.6m | — | ($7.0m) | $3.1m | ($6.5m) | — | — | $3.3m | |
| Exchange Rate Effect on Cash, Cash Equivalents, and Restricted Cash | $9.5m | ($3.2m) | ($350k) | — | $4.6m | ($3.2m) | $3.1m | ($6.5m) | — | $6.8m | — | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | ($7.0m) | $3.1m | ($6.5m) | $6.8m | — | $3.3m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | ($882k) | ($465k) | $12.3m | $6.9m | ($525k) | $6.1m | $8.1m | $19.7m | $14.9m | ($1.7m) | — | |
| Income Taxes Paid, Net | $20.6m | $25.7m | $24.5m | $17.5m | — | $37.0m | $47.5m | $42.3m | $44.1m | — | — | |
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), Realized | — | — | — | ($377k) | — | ($2.7m) | ($1.2m) | ($1.7m) | — | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | $20.2m | $0 | $0 | — | — | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | — | — | ($658k) | — | — | — | |
| Goodwill | $268.0m | $258.2m | $336.0m | $351.8m | — | $385.5m | $392.1m | $479.2m | — | — | $287k | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $31.1m | $60.4m | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $31.6m | $61.0m | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $26.1m | $18.5m | $16.4m | $17.9m | — | $43.9m | $42.2m | $40.5m | — | — | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | $20.0m | — | — | — | |
| Investment Income, Interest | $447k | $379k | $213k | $181k | — | $904k | $1.8m | $1.9m | — | — | — | |
| Other income (Note 8) | — | — | — | — | — | ($20.2m) | ($841k) | $0 | — | $0 | — | |
| Other non-cash costs (Note 8) | $0 | $0 | $2.3m | — | $1.9m | $804k | $36k | $0 | — | $287k | — | |
| Other items, net | $1.4m | $1.3m | ($2.1m) | — | ($677k) | $6.3m | $4.6m | $7.2m | — | $8.0m | — | |
| Contract assets | $1.3m | ($11.3m) | $2.6m | — | $6.1m | ($1.2m) | $6.5m | ($7.0m) | — | $12.2m | — | |
| Customer deposits | — | — | ($5.7m) | — | $3.9m | $27.7m | ($9.0m) | ($29.8m) | — | $9.3m | — | |
| Proceeds from issuance of long-term obligations (Note 6) | $232.0m | $50.1m | $247.2m | — | $26.0m | $151.9m | $0 | $305.2m | — | $199.0m | — | |
| Repayment of short- and long-term obligations | ($67.7m) | ($109.6m) | ($126.3m) | — | ($99.5m) | ($115.6m) | ($94.0m) | ($124.5m) | — | ($123.4m) | — | |
| Acquisition of subsidiary shares from noncontrolling interest (Note 2) | — | — | — | — | — | $0 | $0 | ($523k) | — | $0 | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | ($80.6m) | ($111.1m) | $159.9m | $54.0m | — | ($124.4m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | ($29.5m) | ($30.8m) | ($319.1m) | ($205.4m) | — | ($24.6m) | |
| Change In Account Payable | — | — | — | — | — | $1.4m | ($19.9m) | $10.6m | ($7.2m) | — | ($4.0m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | ($14.4m) | $26.7m | ($10.5m) | $26.7m | — | — | |
| Change In Other Working Capital | — | — | — | — | — | $14.4m | ($9.0m) | ($29.8m) | $9.3m | — | ($2.6m) | |
| Change In Payable | — | — | — | — | — | $1.4m | ($19.9m) | $10.6m | ($7.2m) | — | ($4.0m) | |
| Changes In Cash | — | — | — | — | — | ($7.5m) | $23.6m | ($4.0m) | $19.9m | — | $18.7m | |
| End Cash Position | — | — | — | — | — | $79.7m | $106.5m | $95.9m | $122.7m | — | $93.9m | |
| Financing Cash Flow | — | — | — | — | — | ($80.6m) |
($111.1m)
-37.91%
|
$159.9m
+243.92%
|
$54.0m
-66.22%
|
— | ($124.4m) | |
| Free Cash Flow | — | — | — | — | — | $74.4m | $133.7m | $134.3m | $154.3m | — | $160.0m | |
| Gain Loss On Sale Of Business | — | — | — | — | — | $0 | $0 | $658k | — | — | $658k | |
| Investing Cash Flow | — | — | — | — | — | ($29.5m) | ($30.8m) | ($319.1m) | ($205.4m) | — | ($24.6m) | |
| Net Business Purchase And Sale | — | — | — | — | — | ($3.5m) | ($905k) | ($300.3m) | ($190.0m) | — | ($8.8m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | ($26.1m) | ($30.2m) | ($19.7m) | ($16.8m) | — | ($17.4m) | |
| Operating Gains Losses | — | — | — | — | ($515k) | ($20.2m) | ($841k) | $658k | — | — | $658k | |
| Other Non Cash Items | — | — | — | — | — | $6.7m | $3.8m | $7.8m | $8.3m | — | — | |
| Provisionand Write Offof Assets | — | — | — | — | — | $1.2m | $531k | $721k | $737k | — | $366k | |
| Purchase Of Business | — | — | — | — | — | ($3.5m) | ($905k) | ($300.3m) | ($190.0m) | — | ($8.8m) | |
| Purchase Of PPE | — | — | — | — | — | ($28.2m) | ($31.9m) | ($21.0m) | ($17.0m) | — | ($23.4m) | |
| Sale Of PPE | — | — | — | — | — | $2.1m | $1.6m | $1.3m | $250k | — | $153k | |
| Stock Based Compensation | — | — | — | — | — | $8.6m | $9.8m | $10.6m | $11.2m | — | $11.2m |