← Kontoor Brands, 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 From Continuing Operations | $116.2m | $263.1m | $96.7m | $67.9m | $67.9m | $245.5m | $231.0m | $245.8m | $227.5m | $227.5m | $278.2m | |
| Depreciation, Depletion and Amortization | $33.6m | $31.0m | $30.8m | $34.5m | $34.5m | $37.1m | $38.0m | $42.6m | $47.8m | $47.8m | $54.2m | |
| Amortization of Intangible Assets | — | $4.2m | $3.0m | $1.7m | — | $1.0m | $1.0m | $1.0m | $3.2m | — | — | |
| Depreciation | $33.6m | $23.8m | $22.3m | $23.7m | $34.5m | $21.4m | $20.2m | $24.0m | $29.3m | $47.8m | $54.2m | |
| Depreciation Amortization Depletion | — | — | — | — | — | $37.1m | $38.0m | $42.6m | $47.8m | — | $54.2m | |
| Deferred Income Tax Expense (Benefit) | — | $2.5m | ($4.2m) | $2.7m | — | $127k | ($3.8m) | ($6.7m) | $29.6m | — | $29.6m | |
| Deferred income taxes | $36.5m | $1.5m | ($4.2m) | — | $2.7m | $3.6m | ($3.8m) | ($6.7m) | — | $29.6m | $29.6m | |
| Deferred Tax | — | — | — | — | — | $127k | ($3.8m) | ($6.7m) | $29.6m | — | $29.6m | |
| Share-based Payment Arrangement, Noncash Expense | — | $14.9m | $23.8m | $15.9m | — | $21.9m | $16.7m | $26.6m | $39.1m | — | $31.1m | |
| Stock-based compensation | $13.0m | $14.9m | $23.8m | — | $15.9m | $38.5m | $16.7m | $26.6m | $39.1m | $39.1m | $31.1m | |
| Goodwill, Impairment Loss | — | $0 | $0 | $0 | — | $0 | $0 | $0 | $0 | — | — | |
| Impairment of Intangible Assets, Finite-lived | — | $0 | $32.6m | $0 | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | $0 | $32.6m | $0 | — | $0 | $0 | $0 | $0 | — | — | |
| Operating Lease, Impairment Loss | — | — | — | $5.9m | — | — | $1.1m | — | — | — | — | |
| Restructuring Costs and Asset Impairment Charges | — | $20.4m | $24.6m | $25.4m | — | $11.1m | $11.5m | $17.2m | $54.3m | — | — | |
| Income (Loss) from Equity Method Investments | — | — | — | — | — | — | — | — | $5.4m | — | — | |
| Other Nonoperating Income (Expense) | — | ($5.3m) | ($5.0m) | ($2.5m) | — | ($4.0m) | ($10.8m) | ($11.2m) | $11.3m | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | ($220.4m) | $70.0m | $59.5m | $132.0m | — | $57.4m | |
| Increase (Decrease) in Accounts Receivable | — | $17.7m | ($25.0m) | $17.6m | — | ($56.7m) | ($14.9m) | $35.4m | ($56.2m) | — | ($4.3m) | |
| Accounts Receivable, Credit Loss Expense (Reversal) | — | $6.5m | $6.0m | $18.3m | — | ($44k) | ($807k) | $670k | $1.3m | — | ($4.3m) | |
| Accounts receivable | ($36.4m) | ($17.7m) | $25.0m | — | ($17.6m) | ($61.0m) | $14.9m | ($35.4m) | — | $56.2m | ($4.3m) | |
| Change In Receivables | — | — | — | — | — | $56.7m | $14.9m | ($35.4m) | $56.2m | — | ($4.3m) | |
| Changes In Account Receivables | — | — | — | — | — | $56.7m | $14.9m | ($35.4m) | $56.2m | — | ($4.3m) | |
| Increase (Decrease) in Inventories | — | $45.8m | ($9.7m) | ($119.3m) | — | $236.2m | ($101.3m) | ($103.0m) | ($4.5m) | — | $19.9m | |
| Inventory Write-down | — | $0 | $4.4m | $3.6m | — | $0 | — | $4.3m | $760k | — | — | |
| Inventories | $22.1m | ($45.8m) | $9.7m | — | $119.3m | ($24.9m) | $101.3m | $103.0m | — | $4.5m | $19.9m | |
| Change In Inventory | — | — | — | — | — | ($236.2m) | $101.3m | $103.0m | $4.5m | — | $19.9m | |
| Accounts payable | $4.1m | ($37.6m) | $31.9m | — | $17.4m | $47.7m | ($19.9m) | $1.9m | — | $11.8m | $27.6m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | ($35.2m) | ($21.8m) | $6.5m | $87.3m | — | $27.6m | |
| Accrued and other current liabilities | $5.6m | $53.1m | $23.3m | — | ($4.2m) | $18.9m | ($1.9m) | $4.6m | — | $75.5m | — | |
| Change In Accrued Expense | — | — | — | — | — | ($31.1m) | ($1.9m) | $4.6m | $75.5m | — | $29.2m | |
| Other | ($1.4m) | $4.2m | $3.5m | — | $38k | ($562k) | ($7.3m) | $0 | — | $0 | — | |
| Other assets and liabilities | $6.5m | ($26.8m) | ($36.5m) | — | ($7.7m) | $3.6m | $4.9m | ($23.9m) | — | $6.2m | — | |
| Net Cash Provided by (Used in) Operating Activities | $168.6m |
($96.3m)
-157.12%
|
$777.8m
+907.65%
|
$242.0m
-68.89%
|
$242.0m
0.00%
|
$83.6m
-65.46%
|
$356.5m
+326.57%
|
$368.2m
+3.28%
|
$455.8m
+23.78%
|
$455.8m
0.00%
|
$418.0m
-8.29%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | — | — | — | $18.2m | — | $18.4m | $27.4m | $18.8m | $21.0m | — | ($29.8m) | |
| Property, plant and equipment expenditures | $797k | $580k | $4.9m | — | ($4.6m) | ($336k) | ($3.7m) | ($368k) | — | ($190k) | — | |
| Capital Expenditure Reported | — | — | — | $18.2m | $10.6m | ($28.4m) | ($37.4m) | ($22.1m) | ($25.2m) | — | ($29.8m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | — | — | $901.2m | — | ($901.2m) | |
| Payments for (Proceeds from) Other Investing Activities | — | ($4.2m) | ($3.5m) | $4.8m | — | $1.8m | $2.3m | $3.7m | $2.4m | — | — | |
| Net Other Investing Changes | — | — | — | — | — | ($1.7m) | ($1.8m) | ($138k) | $27.6m | — | $39.7m | |
| Cash used by investing activities | ($57.6m) | $11.3m | $483.9m | — | ($49.1m) | ($39.4m) | ($39.1m) | ($22.3m) | — | ($898.8m) | — | |
| Net Cash Provided by (Used in) Investing Activities | — | $11.3m | $483.9m | ($49.1m) | — | ($30.1m) | ($39.1m) | ($22.3m) | ($898.8m) | — | ($891.3m) | |
| Cash flows from financing activities: | ||||||||||||
| Borrowings under revolving credit facility | — | $0 | $65.0m | — | $512.5m | $0 | $288.0m | $0 | — | $50.0m | — | |
| Proceeds from Issuance of Long-term Debt | $0 | $0 | $1.1b | $0 | $0 | $0 | $0 | $0 | — | $1.0b | $1.0b | |
| Payment of debt issuance costs | $0 | $0 | ($13.0m) | — | ($4.3m) | ($8.0m) | $0 | $0 | — | ($7.4m) | — | |
| Issuance Of Debt | — | — | — | — | — | $163.0m | $288.0m | $0 | $1.1b | — | $1.0b | |
| Long Term Debt Issuance | — | — | — | — | — | $0 | $0 | $0 | $1.0b | — | $1.0b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | $0 | ($10.0m) | ($45.0m) | $405.0m | — | $410.0m | |
| Net Long Term Debt Issuance | — | — | — | — | — | $0 | ($10.0m) | ($45.0m) | $405.0m | — | $410.0m | |
| Net Short Term Debt Issuance | — | — | — | — | — | $0 | $0 | $0 | $0 | — | $0 | |
| Short Term Debt Issuance | — | — | — | — | — | $163.0m | $288.0m | $0 | $50.0m | — | $72.5m | |
| Repayments of Long-term Debt | — | $0 | $127.0m | — | — | — | — | — | — | — | ($590.0m) | |
| Long Term Debt Payments | — | — | — | — | — | $0 | ($10.0m) | ($45.0m) | ($595.0m) | — | ($590.0m) | |
| Repayment Of Debt | — | — | — | — | — | ($163.0m) | ($298.0m) | ($45.0m) | ($645.0m) | — | ($590.0m) | |
| Short Term Debt Payments | — | — | — | — | — | ($163.0m) | ($288.0m) | $0 | ($50.0m) | — | ($72.5m) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $284k | $2.4m | — | — | $2.4m | |
| Repurchase Of Capital Stock | — | — | — | — | — | ($74.2m) | ($30.1m) | ($85.7m) | ($34.7m) | — | ($70.8m) | |
| Proceeds from Issuance of Common Stock | — | — | — | $1.4m | — | ($11.7m) | $284k | $2.4m | ($9.7m) | — | $2.4m | |
| Shares withheld for taxes, net of proceeds from issuance of Common Stock | — | $0 | $1.0m | — | $1.4m | ($2.0m) | $284k | $2.4m | — | ($9.7m) | — | |
| Common Stock Issuance | — | — | — | — | — | — | $284k | $2.4m | — | — | $2.4m | |
| Net Common Stock Issuance | — | — | — | — | — | ($74.2m) | ($29.8m) | ($83.3m) | ($34.7m) | — | ($70.8m) | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | $62.5m | $30.1m | $85.7m | $25.0m | — | — | |
| Payments of Ordinary Dividends, Common Stock | — | $0 | $63.6m | $54.8m | — | $103.7m | $108.6m | $112.1m | $116.1m | — | ($116.6m) | |
| Repurchases of Common Stock | — | — | $0 | — | $0 | $75.5m | ($30.1m) | ($85.7m) | — | ($25.0m) | — | |
| Common Stock Payments | — | — | — | — | — | ($74.2m) | ($30.1m) | ($85.7m) | ($34.7m) | — | ($70.8m) | |
| Common Stock Dividend Paid | — | — | — | — | ($95.1m) | ($103.7m) | — | — | — | — | — | |
| Payments of Dividends | — | $0 | $63.6m | $54.8m | — | $103.7m | $108.6m | $112.1m | $116.1m | — | ($116.6m) | |
| Dividends paid | $0 | $0 | ($63.6m) | — | ($54.8m) | ($95.1m) | ($108.6m) | ($112.1m) | — | ($116.1m) | ($116.6m) | |
| Cash Dividends Paid | — | — | — | — | — | ($103.7m) | ($108.6m) | ($112.1m) | ($116.1m) | — | ($116.6m) | |
| Proceeds from (Payments for) Other Financing Activities | — | $0 | ($10.9m) | $38k | — | $7.2m | ($7.3m) | $0 | $0 | — | — | |
| Net Other Financing Charges | — | — | — | — | ($8.6m) | $6.9m | ($7.3m) | — | ($7.4m) | — | ($7.4m) | |
| Cash provided (used) by financing activities | ($119.8m) | $106.3m | ($1.3b) | — | ($57.7m) | ($304.1m) | ($155.7m) | ($240.4m) | — | $246.8m | — | |
| Net Cash Provided by (Used in) Financing Activities | — | $106.3m |
($1.3b)
-1277.54%
|
($57.7m)
+95.39%
|
— | ($170.9m) |
($155.7m)
+8.90%
|
($240.4m)
-54.37%
|
$246.8m
+202.68%
|
— | $215.2m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $16.0m | $10.0m | $141.3m | — | ($126.1m) | $155.9m | $119.0m | ($225.6m) | — | $106.2m | |
| Beginning Cash Position | — | — | — | — | — | $185.3m | $59.2m | $215.1m | $334.1m | — | $356.7m | |
| Cash and cash equivalents - beginning of period | $80.8m | $96.8m | $106.8m | — | $248.1m | $185.3m | $215.1m | $334.1m | — | $108.4m | — | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | ($8.7m) | ($5.8m) | $13.4m | ($29.5m) | — | ($19.1m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $96.8m | $106.8m | $248.1m | — | $59.2m | $215.1m | $334.1m | $108.4m | — | $106.2m | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | ($8.7m) | ($5.8m) | $13.4m | ($29.5m) | — | ($19.1m) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Income Tax Expense (Benefit) | — | $77.0m | $38.5m | $5.0m | — | $73.6m | $40.9m | $55.6m | $71.2m | — | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | $40.8m | $62.2m | — | — | |
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), Realized | — | ($3.4m) | $5.6m | $6.0m | — | $7.9m | $12.5m | $12.7m | ($23.3m) | — | — | |
| Goodwill | — | $214.5m | $212.8m | $213.4m | — | $209.6m | $209.9m | $208.8m | $531.1m | — | — | |
| Provision for doubtful accounts | $4.6m | $6.5m | $6.0m | — | $18.3m | $330k | ($807k) | $670k | — | $1.3m | — | |
| Income taxes | ($3.3m) | $6.3m | $4.0m | — | ($3.4m) | $16.0m | ($29.3m) | $9.3m | — | ($22.3m) | — | |
| Capitalized computer software | ($879k) | ($1.7m) | ($14.8m) | — | ($44.2m) | ($26.3m) | ($10.0m) | ($3.3m) | — | ($4.1m) | — | |
| Business acquisition, net of cash received | — | — | — | — | — | — | $0 | $0 | — | ($901.2m) | — | |
| Proceeds from the settlement of foreign exchange contracts to hedge business acquisition | — | — | — | — | — | — | $0 | $0 | — | $24.1m | — | |
| Proceeds from sales of assets | — | $6.9m | $5.0m | — | $18.2m | $669k | $510k | $3.6m | — | $5.9m | — | |
| Repayments under revolving credit facility | — | $0 | ($65.0m) | — | ($512.5m) | $0 | ($288.0m) | $0 | — | ($50.0m) | — | |
| Repayments of term loan | — | — | ($127.0m) | — | $0 | ($523.0m) | ($10.0m) | ($45.0m) | — | ($595.0m) | — | |
| Change in accrual for capitalized computer software | — | $602k | $5.4m | — | ($889k) | ($2.7m) | ($981k) | $196k | — | $793k | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | ($170.9m) | ($155.7m) | ($240.4m) | $246.8m | — | $215.2m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | ($30.1m) | ($39.1m) | ($22.3m) | ($898.8m) | — | ($891.3m) | |
| Change In Account Payable | — | — | — | — | — | ($4.1m) | ($19.9m) | $1.9m | $11.8m | — | $27.6m | |
| Change In Other Working Capital | — | — | — | — | — | ($5.7m) | ($24.4m) | ($14.6m) | ($16.1m) | — | ($15.0m) | |
| Change In Payable | — | — | — | — | — | ($4.1m) | ($19.9m) | $1.9m | $11.8m | — | $27.6m | |
| Changes In Cash | — | — | — | — | — | ($117.4m) | $161.7m | $105.6m | ($196.2m) | — | ($250.5m) | |
| End Cash Position | — | — | — | — | — | $59.2m | $215.1m | $334.1m | $108.4m | — | $106.2m | |
| Financing Cash Flow | — | — | — | — | — | ($170.9m) |
($155.7m)
+8.90%
|
($240.4m)
-54.37%
|
$246.8m
+202.68%
|
— | $215.2m | |
| Free Cash Flow | — | — | — | — | — | $55.2m | $319.2m | $346.1m | $430.7m | — | $394.6m | |
| Investing Cash Flow | — | — | — | — | — | ($30.1m) | ($39.1m) | ($22.3m) | ($898.8m) | — | ($891.3m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $0 | $0 | ($901.2m) | — | ($901.2m) | |
| Other Non Cash Items | — | — | — | — | — | ($592k) | $5.4m | ($255k) | ($21.4m) | — | — | |
| Provisionand Write Offof Assets | — | — | — | — | — | ($44k) | ($807k) | $670k | $1.3m | — | $3.1m | |
| Purchase Of Business | — | — | — | — | — | — | $0 | $0 | ($901.2m) | — | ($901.2m) | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | ($1.2m) | $0 | — | — | — | — | — | — | — | — | |
| Effect of foreign currency rate changes on cash and cash equivalents | $2.8m | ($5.4m) | $391k | — | $6.1m | ($3.2m) | ($5.8m) | $13.4m | — | ($29.5m) | — | |
| Net change in cash and cash equivalents | ($6.0m) | $16.0m | $10.0m | — | $141.3m | ($62.8m) | $155.9m | $119.0m | — | ($225.6m) | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | ($126.1m) | $155.9m | $119.0m | ($225.6m) | — | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $6.5m | $6.6m | $29.4m | $47.1m | $47.1m | $32.0m | $36.4m | $40.7m | $59.5m | $59.5m | — | |
| Income Taxes Paid, Net | $1.7m | $180k | $28.9m | — | $15.6m | $32.6m | $74.2m | $53.4m | $67.3m | $70.0m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.