← LESAKA TECHNOLOGIES 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 loss | $84.8m | $74.6m | $38.3m | ($305.3m) | ($78.4m) | ($38.1m) | ($43.9m) | ($35.1m) | ($17.4m) | ($87.6m) | — | |
| Net Income (Loss) Attributable to Parent | $82.5m |
$73.0m
-11.52%
|
$64.3m
-11.80%
|
($307.6m)
-578.05%
|
($78.4m)
+74.53%
|
($38.1m)
+51.43%
|
($43.9m)
-15.29%
|
($35.1m)
+20.06%
|
($17.4m)
+50.28%
|
($87.5m)
-401.74%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $84.8m | $74.6m | $63.5m | ($305.3m) | ($78.4m) | ($38.1m) | ($43.9m) | ($35.1m) | ($17.4m) | ($87.6m) | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $2.3m | $1.7m | ($880k) | $2.3m | $0 | $0 | — | — | — | ($130k) | — | |
| Depreciation, Depletion and Amortization | $40.4m | $41.4m | $35.5m | $37.3m | $13.3m | $4.3m | $7.6m | $23.7m | $23.7m | $33.7m | $47.8m | |
| Amortization of Intangible Assets | $11.2m | $14.0m | $11.8m | $22.1m | $3.8m | $400k | $3.8m | $15.0m | $14.4m | $22.0m | — | |
| Deferred Income Tax Expense (Benefit) | ($161k) | ($40k) | $8.6m | ($12.5m) | $932k | $6.7m | ($2.0m) | ($7.4m) | ($2.7m) | ($24.0m) | — | |
| Deferred tax expense (benefit) | ($235k) | ($220k) | ($1.3m) | ($11.7m) | ($393k) | $5.1m | ($2.3m) | ($8.9m) | ($2.7m) | ($24.0m) | — | |
| Share-based Payment Arrangement, Noncash Expense | $3.6m | $2.0m | $2.6m | $393k | $1.7m | $344k | $3.0m | $7.3m | $7.9m | $9.6m | $7.2m | |
| Share-based Payment Arrangement, Expense | $3.6m | — | — | — | — | — | — | — | — | — | $7.2m | |
| Share-based Payment Arrangement, Expensed and Capitalized, Amount | — | $2.0m | $2.6m | $393k | $1.7m | $344k | $3.0m | $7.3m | $7.9m | $9.6m | $7.2m | |
| Stock-based compensation charge (Note 17) | $3.6m | $2.0m | $2.6m | $393k | $1.7m | $344k | $3.0m | $7.3m | $7.9m | $9.6m | $7.2m | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | — | $33.8m | — | — | — | — | — | — | |
| Goodwill and Intangible Asset Impairment | — | — | — | $19.7m | $6.3m | $0 | $0 | $7.0m | $0 | $18.9m | — | |
| Goodwill, Impairment Loss | — | — | $20.9m | $14.4m | $5.6m | $0 | $0 | $7.0m | $0 | $17.0m | $21.5m | |
| Impairment of Intangible Assets, Finite-lived | $0 | $0 | $0 | $0 | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Impairment loss (Note 10) | — | — | $20.9m | $19.7m | $6.3m | $0 | $0 | $7.0m | $0 | $18.9m | — | |
| Impairment of Cedar Cellular note (Note 8) | — | — | $0 | $12.8m | $0 | $0 | — | — | — | — | — | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | — | $4.6m | $0 | $0 | $13k | ($376k) | ($205k) | $0 | ($161k) | — | |
| Income (Loss) from Equity Method Investments | $639k | $2.7m | $11.7m | $1.5m | ($29.5m) | ($24.9m) | ($3.6m) | ($5.1m) | ($1.3m) | $114k | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Decrease (Increase) in accounts receivable (Note 20) | ($3.4m) | ($15.8m) | $31.4m | $11.7m | $8.8m | $3.8m | $9.1m | ($1.7m) | ($10.9m) | $1.1m | — | |
| Increase (Decrease) in Inventories | ($1.0m) | ($3.0m) | $2.5m | ($4.0m) | $19.3m | ($1.3m) | $4.8m | ($2.2m) | ($9.8m) | ($169k) | $4.8m | |
| Inventory Write-down | — | — | — | — | $1.3m | $0 | — | — | — | — | — | |
| Inventory net realizable value adjustment (Note 5) | — | — | $0 | $0 | $1.3m | $0 | — | — | — | — | — | |
| Decrease in inventory | $1.0m | $3.0m | ($2.5m) | $4.0m | ($19.3m) | $1.3m | ($4.8m) | $2.2m | $9.8m | $169k | — | |
| Increase (Decrease) in Accounts Payable | ($7.8m) | ($6.5m) | $10.6m | ($14.5m) | ($139k) | ($335k) | ($8.9m) | $1.7m | $22.1m | ($13.4m) | $19.0m | |
| (Decrease) Increase in accounts payable and other payables | ($7.8m) | ($6.5m) | $10.6m | ($14.5m) | ($139k) | ($335k) | ($8.9m) | $1.7m | $22.1m | ($13.4m) | — | |
| Deferred consideration due to seller of Recharger included in accounts payable and other payables (Note 3 and Note 13) | — | — | — | — | — | — | — | $0 | $0 | $13.6m | — | |
| Net Cash Provided by (Used in) Operating Activities | $116.6m |
$97.2m
-16.64%
|
$132.3m
+36.17%
|
($4.5m)
-103.37%
|
($46.0m)
-932.40%
|
($58.4m)
-26.77%
|
($37.2m)
+36.27%
|
$410k
+101.10%
|
$28.8m
+6921.71%
|
($9.1m)
-131.69%
|
$29.1m
+418.94%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | $286k | $639k | ($40k) | $486k | $127k | ($480k) | $2.8m | $468k | $305k | ($13k) | $96k | |
| Payments to Acquire Property, Plant, and Equipment | $35.8m | $11.2m | $9.6m | $9.4m | $5.9m | $4.3m | $4.6m | $16.2m | $12.7m | $17.2m | ($20.4m) | |
| Gain (Loss) on Investments | — | — | — | ($167.5m) | $0 | — | — | — | — | — | — | |
| (Earnings) Loss from equity-accounted investments (Note 9) | — | — | ($8.8m) | ($1.3m) | $29.5m | $24.9m | $3.6m | $5.1m | $1.3m | ($114k) | — | |
| Movement in allowance for doubtful loans to equity-accounted investments | — | $4.4m | $13.4m | $32.8m | $1.0m | $4.7m | $38k | $0 | ($250k) | $0 | — | |
| Dividends received from equity-accounted investments | — | $1.2m | $4.1m | $1.3m | $3.5m | $194k | $155k | $42k | $95k | $96k | — | |
| Repayment of loans by equity-accounted investments | — | — | $9.2m | $1.0m | $4.3m | $134k | $0 | $112k | $250k | $0 | — | |
| Investment in equity-accounted investments (Note 9) | — | ($12.0m) | ($133.3m) | ($3.0m) | ($2.5m) | $0 | $0 | — | — | — | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $15.8m | $4.7m | $6.2m | — | $0 | — | $202.2m | $0 | $1.6m | $12.9m | ($11.3m) | |
| Acquisitions, net of cash acquired (Note 3) | ($15.8m) | ($4.7m) | ($6.2m) | $0 | $0 | $0 | ($202.2m) | $0 | ($1.6m) | ($12.9m) | ($11.3m) | |
| Payments for (Proceeds from) Other Investing Activities | $5k | — | $61k | — | $0 | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($5.8m) | ($114.1m) | $180.7m | $64.5m | $223.1m | $47.8m | ($193.7m) | ($16.5m) | ($16.4m) | ($11.3m) | ($6.0m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | — | — | — | $37.4m | $14.5m | $0 | $5.6m | $17.5m | $20.1m | $149.5m | ($13.8m) | |
| Proceeds from Issuance of Long-term Debt | $2.1m | $800k | — | — | — | — | — | — | — | — | $5.3m | |
| Long-term borrowings utilized (Note 12) | $2.1m | $800k | $113.2m | $14.6m | $14.8m | $0 | $78.9m | $24.4m | $23.7m | $190.1m | — | |
| Repayment of long-term borrowings (Note 12) | ($8.7m) | ($37.3m) | ($77.1m) | ($37.4m) | ($14.5m) | $0 | ($5.6m) | ($17.5m) | ($20.1m) | ($149.5m) | — | |
| Payments for Repurchase of Common Stock | $26.6m | $45.8m | — | — | — | — | — | $1.3m | $1.5m | $13.7m | — | |
| Proceeds from Issuance of Common Stock | $111.4m | $47.9m | — | — | — | — | — | — | — | — | $116k | |
| Net Cash Provided by (Used in) Financing Activities | $13.6m |
$40.5m
+196.58%
|
($473.5m)
-1269.98%
|
($24.7m)
+94.78%
|
($48.8m)
-97.61%
|
($13.1m)
+73.22%
|
$122.3m
+1034.63%
|
($19.1m)
-115.64%
|
($7.1m)
+62.80%
|
$29.7m
+518.00%
|
($7.4m)
-124.86%
|
|
| Net increase (decrease) in cash, cash equivalents and restricted cash | $106.1m | $34.8m | ($168.4m) | $31.5m | $111.0m | ($8.7m) | ($119.0m) | ($46.2m) | $7.3m | $10.7m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $106.1m | $34.8m | ($168.4m) | $31.5m | $111.0m | ($8.7m) | ($119.0m) | ($46.2m) | $7.3m | $10.7m | $86.8m | |
| Cash, cash equivalents and restricted cash - beginning of period | $223.6m | $258.5m | $90.1m | $121.5m | $232.5m | $223.8m | $104.8m | $58.6m | $65.9m | $76.6m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $106.1m | $34.8m | $90.1m | $121.5m | $232.5m | $223.8m | $104.8m | $58.6m | $65.9m | $76.6m | $86.8m | |
| Effect of exchange rate changes on cash | ($18.4m) | $11.3m | ($8.0m) | ($3.8m) | ($17.3m) | $15.0m | ($10.3m) | ($11.0m) | $2.0m | $1.5m | $3.9m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Provision for Loan, Lease, and Other Losses | — | — | — | — | — | — | — | — | $5.2m | $8.0m | — | |
| Proceeds from Stock Options Exercised | — | — | — | $0 | $0 | $53k | $759k | $481k | $165k | $116k | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $3.7m | $8.6m | $10.6m | $6.0m | $3.1m | $5.8m | $13.3m | $17.4m | $18.1m | — | |
| Income Taxes Paid, Net | $42.1m | $45.2m | $41.1m | $13.1m | $5.0m | $16.6m | $1.1m | $7.2m | $6.5m | $6.5m | — | |
| Additional Financial Items | ||||||||||||
| Deconsolidation, Gain (Loss), Amount | — | — | — | — | $7.1m | $0 | $0 | — | — | — | — | |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | — | — | $0 | $9.2m | $12.5m | $0 | $0 | — | — | — | — | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | — | — | $0 | ($5.8m) | ($12.5m) | $0 | $0 | — | — | — | — | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | — | — | — | — | — | $0 | $0 | — | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | — | $0 | $49.3m | $0 | $0 | — | ($59.8m) | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | ($167.5m) | $0 | $49.3m | $0 | $0 | — | ($59.8m) | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | — | — | — | $6.1m | $6.1m | $6.1m | — | — | |
| Foreign Currency Transaction Gain (Loss), Realized | — | — | — | — | — | — | $3.7m | $3.7m | $3.7m | — | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | — | — | — | — | — | — | $3.7m | $0 | $0 | — | — | |
| Gain (Loss) on Disposition of Business | — | — | $463k | ($5.8m) | $0 | ($472k) | — | $0 | — | — | — | |
| Goodwill | $179.5m | $188.8m | $283.2m | $149.4m | $24.2m | $29.2m | $162.7m | $133.7m | $138.6m | $199.4m | $21.5m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | ($306.6m) | ($97.2m) | ($38.1m) | ($43.9m) | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | ($308.0m) | ($97.2m) | ($38.1m) | ($43.9m) | ($35.1m) | ($17.4m) | ($87.6m) | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | $2.7m | $6.4m | $0 | $0 | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | ($1.0m) | $18.9m | $0 | $0 | — | — | — | — | |
| Income Tax Expense (Benefit) | $42.1m | $42.5m | $48.6m | $3.7m | $2.7m | $7.6m | $327k | ($2.3m) | $3.4m | ($18.2m) | — | |
| Payments of Financing Costs | — | $1.1m | $754k | $394k | $148k | $0 | $1.3m | $100k | $0 | $970k | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | — | — | — | — | ($250k) | $0 | — | |
| Movement in allowance for credit losses | — | — | — | — | — | — | $1.6m | $6.5m | $5.2m | $8.0m | — | |
| Fair value adjustment related to financial liabilities | — | — | $414k | $73k | ($340k) | $840k | ($466k) | ($20k) | ($853k) | ($120k) | — | |
| Change in fair value of equity securities (Note 6 and 9) | — | — | ($32.5m) | $167.5m | $0 | ($49.3m) | $0 | $0 | $0 | $59.8m | — | |
| Loss on disposal of equity-accounted investment (9) | — | — | $4.6m | $0 | $0 | $13k | ($376k) | ($205k) | $0 | $161k | — | |
| (Gain) Loss on disposal | — | — | ($463k) | $5.8m | $0 | $472k | $0 | $0 | — | — | — | |
| Gain on disposal of discontinued operation (Note 3) | — | — | $0 | $9.2m | ($12.5m) | $0 | $0 | — | — | — | — | |
| Loss on deconsolidation of CPS | — | — | $0 | $0 | ($7.1m) | $0 | $0 | — | — | — | — | |
| Interest payable | $1.8m | $20k | ($146k) | $237k | $1.8m | ($1k) | $9k | $5.1m | $1.1m | $4.7m | — | |
| Facility fee amortized (Note 12) | $138k | $1.3m | $589k | $321k | $0 | $0 | $251k | $864k | $443k | $429k | — | |
| Interest on Cedar Cellular note (Note 8) | — | — | ($769k) | ($2.4m) | $0 | — | — | — | — | — | — | |
| Implementation costs to be refunded to SASSA (Note 12) | — | — | $0 | $34.0m | $0 | $0 | — | — | — | — | — | |
| Increase in finance loans receivable (Note 20) | — | — | — | — | — | ($2.8m) | ($2.0m) | ($12.4m) | ($10.0m) | ($34.6m) | — | |
| Increase (Decrease) in income taxes payable | $763k | ($354k) | $1.1m | $3.4m | ($1.4m) | ($17.2m) | $1.1m | ($800k) | ($400k) | $485k | — | |
| Acquisition of intangible assets | — | — | $0 | ($1.4m) | $0 | $0 | $0 | ($419k) | ($294k) | ($3.9m) | — | |
| Proceeds from disposal of equity securities (Note 6 and 9) | — | — | — | — | — | $0 | $720k | $0 | $0 | $16.4m | — | |
| Proceeds from disposal of equity-accounted investment (Note 9) | — | — | — | — | $0 | $18.6m | $865k | $656k | $3.5m | $0 | — | |
| Loans to equity-accounted investment (Note 9) | — | — | — | — | — | ($1.2m) | $0 | ($112k) | $0 | $0 | — | |
| Net change in settlement assets | $53.4m | ($61.9m) | $490.8m | $79.1m | ($9.3m) | $7.9m | ($4.2m) | ($2.0m) | ($7.2m) | $4.3m | — | |
| Proceeds from bank overdraft (Note 12) | — | $16.2m | $44.9m | $822.8m | $689.8m | $360.1m | $570.9m | $520.1m | $183.0m | $98.6m | — | |
| Repayment of bank overdraft (Note 12) | — | — | ($62.9m) | ($741.0m) | ($747.9m) | ($365.4m) | ($525.5m) | ($547.3m) | ($199.6m) | ($90.3m) | — | |
| Non-refundable deal origination fees/guarantee fees (Note 12) | — | ($1.1m) | ($754k) | ($394k) | ($148k) | $0 | ($1.3m) | ($100k) | $0 | ($970k) | — | |
| Acquisition of treasury stock | ($26.6m) | ($45.8m) | — | — | — | $0 | $0 | ($1.3m) | ($1.5m) | ($13.7m) | — | |
| Proceeds from exercise of stock options | — | — | — | $0 | $0 | $53k | $759k | $481k | $165k | $116k | — | |
| Net change in settlement obligations | ($53.4m) | $61.9m | ($490.8m) | ($79.1m) | $9.3m | ($7.9m) | $4.1m | $2.1m | $7.2m | ($4.2m) | — |