← MGP INGREDIENTS 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) Attributable to Parent | $31.2m |
$41.8m
+34.12%
|
$37.3m
-10.85%
|
$38.8m
+4.05%
|
$40.3m
+4.00%
|
$91.3m
+126.32%
|
$109.5m
+19.88%
|
$107.5m
-1.82%
|
$34.7m
-67.75%
|
($107.8m)
-411.02%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $30.2m |
$40.8m
+35.05%
|
$36.6m
-10.41%
|
$38.5m
+5.37%
|
$40.1m
+4.01%
|
$90.6m
+126.01%
|
$108.6m
+19.86%
|
$106.4m
-2.02%
|
$34.3m
-67.77%
|
($106.5m)
-410.63%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | $90.8m | $108.9m | $107.1m | $34.5m | ($107.8m) | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | ($4.0m) | — | — | — | — | ($490k) | ($590k) | ($345k) | ($198k) | ($23k) | — | |
| Depreciation, Depletion and Amortization | $11.3m | $11.3m | $11.4m | $11.6m | $13.0m | $19.1m | $21.5m | $22.1m | $22.0m | $24.1m | $25.1m | |
| Amortization of Intangible Assets | — | — | — | — | — | $1.6m | $2.1m | — | — | — | — | |
| Deferred Income Tax Expense (Benefit) | $554k | ($3.5m) | $1.5m | $306k | $140k | $6.8m | $978k | ($3.9m) | $343k | ($3.4m) | ($46.2m) | |
| Deferred income taxes, including change in valuation allowance | $681k | ($3.4m) | $1.7m | $252k | $593k | $6.8m | $1.0m | ($4.0m) | $359k | ($3.4m) | ($46.2m) | |
| Share-based Payment Arrangement, Noncash Expense | $2.4m | $2.6m | $3.1m | $3.3m | $3.0m | $5.6m | $5.5m | $10.6m | $4.0m | $4.7m | $5.0m | |
| Share-based Payment Arrangement, Expense | $2.4m | $2.2m | $2.6m | $2.4m | $2.7m | $2.3m | $3.5m | $5.4m | $4.0m | — | $5.0m | |
| Share-based compensation | $2.4m | $2.6m | $3.1m | $3.3m | $3.0m | $5.6m | $5.5m | $10.6m | $4.0m | $4.7m | $5.0m | |
| Equity Method Investment, Other than Temporary Impairment | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | — | — | — | — | — | $152.6m | — | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | — | $73.8m | $132.1m | $332.1m | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | — | — | — | — | $20.5m | — | |
| Impairment of long-lived assets and other | — | — | — | — | — | $0 | $0 | $19.4m | $137k | $0 | — | |
| Goodwill and indefinite-lived intangible asset impairment | — | — | — | — | — | — | — | $0 | $73.8m | $152.6m | — | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | — | $0 | $0 | — | — | — | — | — | — | — | |
| Income (Loss) from Equity Method Investments | $4.0m | ($348k) | $0 | $0 | — | ($1.6m) | ($2.2m) | ($337k) | $1.8m | $1.2m | — | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | ($1.2m) | ($3.3m) | ($220k) | $2.5m | $1.3m | — | |
| Equity method investment loss (gain) | ($4.0m) | $348k | $0 | $0 | $0 | $1.6m | $2.2m | $337k | ($1.8m) | ($1.2m) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | — | — | — | $2.1m | $16.2m | $6.0m | $16.8m | $32.4m | $4.4m | ($32.2m) | $13.6m | |
| Receivables, net | $4.6m | ($8.3m) | ($4.5m) | ($2.1m) | ($16.2m) | ($6.0m) | ($16.8m) | ($32.4m) | ($4.4m) | $32.2m | — | |
| Increase (Decrease) in Inventories | $20.1m | $14.3m | $15.6m | $28.2m | $3.9m | $14.2m | $44.4m | $46.9m | $18.2m | $18.1m | ($28.6m) | |
| Inventory | ($20.1m) | ($14.3m) | ($15.6m) | ($28.2m) | ($3.9m) | ($14.2m) | ($44.4m) | ($46.9m) | ($18.2m) | ($18.1m) | ($28.6m) | |
| Increase (Decrease) in Accounts Payable | ($3.2m) | $9.5m | ($2.5m) | $2.1m | $1.8m | $5.3m | $10.6m | ($2.4m) | ($9.1m) | $1.6m | $9.8m | |
| Accrued expenses and other | ($1.4m) | $2.3m | $551k | ($4.5m) | $11.5m | $738k | $2.0m | $348k | ($15.1m) | $8.4m | — | |
| Net Cash Provided by (Used in) Operating Activities | $19.7m |
$33.5m
+69.72%
|
$33.5m
+0.03%
|
$19.7m
-41.09%
|
$53.3m
+170.03%
|
$88.3m
+65.74%
|
$88.9m
+0.76%
|
$83.8m
-5.79%
|
$102.3m
+22.07%
|
$121.5m
+18.82%
|
$24.4m
-79.89%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $17.9m | $21.1m | $31.0m | $16.7m | $19.7m | $47.4m | $45.3m | $55.3m | $71.2m | $45.5m | ($23.6m) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $872k | $0 | $0 | — | — | — | — | — | — | — | ($843k) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $1.6m | $0 | $0 | — | — | $149.0m | $0 | $103.7m | $0 | $0 | $0 | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | $102k | $1.1m | ($170k) | $263k | $377k | $37k | — | |
| Net Cash Provided by (Used in) Investing Activities | ($17.7m) | $1.8m | ($31.0m) | ($17.9m) | ($19.6m) | ($182.6m) | ($47.8m) | ($159.2m) | ($71.6m) | ($45.5m) | ($21.8m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $2.3m | $358k | $372k | $386k | $1.2m | $1.6m | $3.4m | $5.6m | $89.4m | $97.4m | ($73.4m) | |
| Proceeds from Issuance of Long-term Debt | $0 | $20.0m | $0 | $20.0m | $0 | — | — | — | $125.0m | $28.0m | $145.0m | |
| Loan fees paid related to borrowings | ($114k) | ($377k) | $0 | $0 | ($1.1m) | ($7.0m) | $0 | $0 | $0 | ($2.8m) | — | |
| Proceeds from long-term debt | $0 | $20.0m | $0 | $20.0m | $0 | $0 | $0 | $105.0m | $125.0m | $28.0m | — | |
| Principal payments on long-term debt | ($2.3m) | ($358k) | ($372k) | ($386k) | ($1.2m) | ($1.6m) | ($3.4m) | ($5.6m) | ($89.4m) | ($97.4m) | — | |
| Payments for Repurchase of Common Stock | $1.5m | $4.7m | $2.3m | $5.5m | $4.4m | $767k | $715k | $801k | $48.8m | $1.0m | — | |
| Repurchase of Common Stock | ($1.5m) | ($4.7m) | ($2.3m) | ($5.5m) | ($4.4m) | ($767k) | ($715k) | ($801k) | ($48.8m) | ($1.0m) | — | |
| Dividends paid | $2 | $17 | $6 | $7 | $8 | $10 | $11 | $11 | $11 | $10 | ($10.4m) | |
| Payment of dividends and dividend equivalents | ($2) | ($17) | ($6) | ($7) | ($8) | ($10) | ($11) | ($11) | ($11) | ($10) | — | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | ($76k) | $0 | $0 | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | ($1.2m) |
($33.7m)
-2674.10%
|
($494k)
+98.54%
|
($3.5m)
-609.92%
|
($15.3m)
-334.99%
|
$94.3m
+718.07%
|
($14.8m)
-115.66%
|
$45.9m
+411.05%
|
($23.8m)
-151.83%
|
($83.5m)
-250.89%
|
($1.8m)
+97.84%
|
|
| Increase (decrease) in cash and cash equivalents | — | $1.5m | $1.9m | ($1.7m) | $18.4m | ($94k) | $26.3m | ($29.5m) | $6.9m | ($6.8m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | ($1.7m) | $18.4m | ($94k) | $26.3m | ($29.5m) | $6.9m | ($6.8m) | $18.2m | |
| Cash and cash equivalents, beginning of year | — | $3.1m | $5.0m | $3.3m | $21.7m | $21.6m | $47.9m | $18.4m | $25.3m | $18.5m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $3.3m | $21.7m | $21.6m | $47.9m | $18.4m | $25.3m | $18.5m | $18.2m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | ($25k) | ($38k) | $34k | ($32k) | $706k | ($409k) | |
| Effect of exchange rate changes on cash and cash equivalents | — | — | — | $0 | $0 | ($25k) | ($38k) | $34k | ($32k) | $706k | ($409k) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $1.6m | $1.6m | $2.2m | $3.5m | $6.0m | $9.2m | $10.6m | $9.4m | — | |
| Income Taxes Paid, Net | $16.4m | $13.5m | $8.8m | $7.1m | $10.6m | $29.8m | $29.1m | $35.1m | $36.1m | $10.7m | — | |
| Additional Financial Items | ||||||||||||
| Goodwill | — | $1.5m | — | — | — | $226.3m | $226.3m | $321.5m | $247.8m | $115.7m | $332.1m | |
| Income Tax Expense (Benefit) | $13.5m | $10.9m | $11.7m | $7.1m | $12.3m | $30.3m | $31.3m | $34.6m | $34.0m | $7.5m | — | |
| Change in fair value of contingent consideration | — | — | — | — | — | $0 | $0 | $7.1m | $16.1m | $25.5m | — | |
| Other, net | $0 | $0 | $0 | ($76k) | $0 | $0 | $170k | ($263k) | ($377k) | ($37k) | — | |
| Prepaid expenses | ($622k) | ($498k) | $862k | ($728k) | ($748k) | $2.6m | ($1.5m) | ($481k) | ($409k) | $1.8m | — | |
| Income taxes payable (refundable) | — | — | $1.3m | ($275k) | $1.8m | ($6.2m) | $1.2m | $3.1m | ($2.3m) | $239k | — | |
| Federal and state excise taxes payable | — | — | — | $140k | ($34k) | ($1.5m) | ($2.4m) | ($2.4m) | $3.1m | $397k | — | |
| Purchase of business, net of cash acquired | ($1.6m) | $0 | $0 | $0 | ($2.8m) | ($149.0m) | $0 | ($103.7m) | $0 | $0 | $0 |