← NEOGEN CORP
| 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 | $36.6m |
$43.8m
+19.77%
|
$63.1m
+44.19%
|
$60.2m
-4.70%
|
$59.5m
-1.16%
|
$60.9m
+2.37%
|
$48.3m
-20.65%
|
($22.9m)
-147.34%
|
($9.4m)
+58.81%
|
($1.1b)
-11491.59%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $36.5m | $44.0m | $63.2m | $60.2m | $59.5m | $60.9m | $48.3m | ($22.9m) | ($9.4m) | ($1.1b) | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | ($26k) | $180k | $70k | $0 | — | — | — | — | — | — | — | |
| Depreciation, Depletion and Amortization | $12.5m | $14.7m | $17.1m | $17.6m | $18.4m | $21.0m | $23.7m | $88.4m | $116.7m | $119.5m | $121.9m | |
| Depreciation | $7.5m | $8.8m | $10.3m | $11.3m | $11.9m | $13.3m | $14.1m | $17.3m | $21.8m | $25.6m | $121.9m | |
| Amortization of Debt Issuance Costs | — | — | — | — | — | $0 | $0 | $2.7m | $3.4m | $3.2m | — | |
| Amortization of Intangible Assets | $5.1m | $5.9m | $6.7m | $6.3m | $6.5m | $7.8m | $9.6m | $71.1m | $94.9m | $93.9m | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $24.1m | $90.5m | $121.2m | $125.7m | $121.9m | |
| Deferred Income Tax Expense (Benefit) | $1.9m | ($292k) | ($3.0m) | $1.2m | $1.6m | ($640k) | ($4.7m) | ($19.2m) | ($27.4m) | ($57.8m) | ($24.3m) | |
| Deferred Tax | — | — | — | — | — | — | ($4.7m) | ($19.2m) | ($27.4m) | ($57.8m) | ($24.3m) | |
| Share-based Payment Arrangement, Noncash Expense | $5.5m | $5.3m | $4.9m | $5.5m | $6.5m | $6.4m | $7.2m | $10.2m | $13.8m | $17.3m | $13.4m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | — | — | — | $1.5m | — | |
| Share-based Payment Arrangement, Expensed and Capitalized, Amount | $5.5m | $5.3m | $4.9m | $5.5m | $6.5m | $6.4m | $7.2m | $10.2m | $13.8m | $17.3m | $13.4m | |
| Goodwill, Impairment Loss | — | — | — | — | $0 | $0 | $0 | — | $556k | $1.1b | $0 | |
| Asset Impairment Charge | — | — | — | — | — | — | $0 | $0 | $0 | $1.1b | $0 | |
| Nonoperating Income (Expense) | ($873k) | $1.7m | $3.3m | $4.9m | $4.8m | $1.1m | $1.6m | ($59.6m) | ($73.0m) | ($72.1m) | — | |
| Other Nonoperating Income (Expense) | ($1.4m) | $701k | $1.1m | $32k | ($1.2m) | ($515k) | $322k | ($6.8m) | ($5.9m) | ($3.6m) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($4.4m) | ($24.2m) | ($72.7m) | ($5.9m) | $52.1m | |
| Increase (Decrease) in Accounts Receivable | $6.0m | ($5.0m) | $10.2m | $4.0m | $2.9m | $2.6m | $7.8m | $53.9m | $20.1m | ($11.6m) | $6.8m | |
| Change In Receivables | — | — | — | — | — | — | ($7.8m) | ($53.9m) | ($20.1m) | $11.6m | $6.8m | |
| Changes In Account Receivables | — | — | — | — | — | — | ($7.8m) | ($53.9m) | ($20.1m) | $11.6m | $6.8m | |
| Increase (Decrease) in Inventories | $9.4m | $7.0m | $2.6m | $10.4m | $10.0m | ($2.5m) | $21.1m | ($10.0m) | $55.9m | $16.1m | $38.2m | |
| Change In Inventory | — | — | — | — | — | — | ($21.1m) | $10.0m | ($55.9m) | ($16.1m) | $38.2m | |
| Increase (Decrease) in Accounts Payable | $704k | ($1.7m) | $4.4m | — | — | — | — | — | — | — | $19.8m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $20.2m | $22.7m | $13.6m | ($309k) | $19.8m | |
| Change In Accrued Expense | — | — | — | — | — | — | $0 | $4.1m | ($164k) | $93k | $93k | |
| Net Cash Provided by (Used in) Operating Activities | $35.3m |
$60.3m
+70.60%
|
$69.1m
+14.69%
|
$63.8m
-7.65%
|
$85.9m
+34.52%
|
$81.1m
-5.58%
|
$68.0m
-16.09%
|
$41.0m
-39.70%
|
$35.3m
-14.05%
|
$58.2m
+65.17%
|
$83.2m
+42.85%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | — | — | $0 | $0 | $486k | ($1.1m) | $25k | ($74.8m) | |
| Capital Expenditure | — | — | — | — | — | — | ($24.4m) | ($65.8m) | ($111.4m) | ($104.6m) | ($51.3m) | |
| Marketable Securities, Unrealized Gain (Loss) | — | — | — | — | — | — | ($728k) | $389k | $293k | — | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $42.5m | $34.0m | $468k | $6.4m | $13.2m | $50.8m | $38.7m | ($11.7m) | $0 | $0 | — | |
| Net Cash Provided by (Used in) Investing Activities | ($61.1m) | ($62.1m) | ($83.1m) | ($119.1m) | ($88.8m) | ($105.6m) | ($97.2m) | $201.0m | ($29.3m) | ($99.2m) | $70.5m | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | — | — | — | — | — | — | — | $100.0m | $0 | $550.0m | ($100.1m) | |
| Proceeds from Issuance of Long-term Debt | — | — | — | — | — | — | — | $0 | $0 | $450.0m | $0 | |
| Issuance Of Debt | — | — | — | — | — | — | — | $0 | $0 | $550.0m | $0 | |
| Long Term Debt Issuance | — | — | — | — | — | — | — | $0 | $0 | $550.0m | $0 | |
| Long Term Debt Payments | — | — | — | — | — | — | $0 | ($100.0m) | ($420k) | ($550.3m) | ($100.1m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $0 | ($100.0m) | ($420k) | ($321k) | ($100.1m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $0 | ($100.0m) | ($420k) | ($321k) | ($100.1m) | |
| Repayment Of Debt | — | — | — | — | — | — | $0 | ($100.0m) | ($420k) | ($550.3m) | ($100.1m) | |
| Payments for Repurchase of Common Stock | — | — | — | $3.1m | — | — | — | — | — | — | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($1.1m) | ($19.3m) | ($118k) | ($3.5m) | ($900k) | |
| Net Cash Provided by (Used in) Financing Activities | $15.3m |
$25.1m
+63.77%
|
$22.8m
-8.90%
|
$13.9m
-39.14%
|
$29.4m
+111.56%
|
$33.5m
+14.08%
|
$6.8m
-79.69%
|
($118.1m)
-1833.17%
|
$1.9m
+101.62%
|
($1.6m)
-183.32%
|
($99.4m)
-6120.28%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($10.8m) | $22.3m | $5.5m | ($41.4m) | $24.6m | $9.3m | ($31.1m) | $118.8m | $7.4m | ($41.6m) | $185.5m | |
| Beginning Cash Position | — | — | — | — | — | — | $75.6m | $44.5m | $163.2m | $170.6m | $129.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | $44.5m | $163.2m | $170.6m | $129.0m | $185.5m | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($8.8m) | ($5.2m) | ($502k) | $942k | $2.2m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Proceeds from Stock Options Exercised | $12.4m | $21.1m | $23.3m | — | — | — | — | — | — | — | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | — | $78k | $72k | $42.6m | $73.2m | $68.1m | — | |
| Income Taxes Paid, Net | $13.4m | $13.9m | $11.8m | $13.0m | $7.4m | $15.0m | $17.2m | $15.5m | $22.3m | $26.5m | — | |
| Additional Financial Items | ||||||||||||
| Environmental Remediation Expense | — | — | — | — | — | — | $305k | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | — | — | — | — | — | ($5.2m) | ($3.7m) | — | |
| General and Administrative Expense | $29.2m | $34.2m | $38.3m | $40.8m | $44.3m | $51.2m | $82.7m | $201.2m | $199.9m | $218.2m | — | |
| Goodwill | $88.5m | $104.8m | $99.6m | $103.6m | $110.3m | $131.5m | $142.7m | $2.1b | $2.1b | $1.1b | $0 | |
| Income Tax Expense (Benefit) | $19.0m | $22.7m | $10.2m | $12.8m | $12.8m | $14.4m | $11.9m | $828k | ($4.9m) | ($41.1m) | — | |
| Investment Income, Interest | $322k | $838k | — | — | — | — | — | — | — | — | — | |
| Operating Expenses | $96.7m | $107.0m | $120.1m | $123.8m | $128.8m | $140.9m | $184.4m | $368.4m | $405.2m | $1.5b | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $402.3m | $414.2m | $418.2m | $468.5m | $527.2m | $822.4m | $924.2m | $894.7m | — | |
| Unrealized Gain (Loss) on Derivatives | — | — | — | — | — | — | — | ($644k) | $1.2m | ($987k) | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $6.8m | ($118.1m) | $1.9m | ($1.6m) | ($99.4m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($97.2m) | $201.0m | ($29.3m) | ($99.2m) | $70.5m | |
| Change In Account Payable | — | — | — | — | — | — | $20.2m | $18.6m | $13.8m | ($402k) | $19.8m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($31.1m) | $118.8m | $7.4m | ($41.6m) | — | |
| Change In Interest Payable | — | — | — | — | — | — | $0 | $4.1m | ($164k) | $93k | $93k | |
| Change In Other Working Capital | — | — | — | — | — | — | $8.3m | $154k | ($21.3m) | $360k | ($6.0m) | |
| Change In Payable | — | — | — | — | — | — | $20.2m | $18.6m | $13.8m | ($402k) | $19.8m | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($4.1m) | ($3.1m) | $11.1m | ($1.5m) | ($6.7m) | |
| Changes In Cash | — | — | — | — | — | — | ($22.4m) | $124.0m | $7.9m | ($42.5m) | $54.3m | |
| End Cash Position | — | — | — | — | — | — | $44.5m | $163.2m | $170.6m | $129.0m | $185.5m | |
| Financing Cash Flow | — | — | — | — | — | — | $6.8m |
($118.1m)
-1833.17%
|
$1.9m
+101.62%
|
($1.6m)
-183.32%
|
($99.4m)
-6120.28%
|
|
| Free Cash Flow | — | — | — | — | — | — | $43.6m | ($24.7m) | ($76.2m) | ($46.4m) | $31.9m | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | $0 | ($486k) | $1.1m | ($25k) | $1.2m | |
| Investing Cash Flow | — | — | — | — | — | — | ($97.2m) | $201.0m | ($29.3m) | ($99.2m) | $70.5m | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($38.7m) | $11.7m | $0 | $0 | $121.7m | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($34.1m) | $254.2m | $82.0m | $325k | $0 | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($24.4m) | ($64.9m) | ($111.3m) | ($99.5m) | ($51.2m) | |
| Operating Gains Losses | — | — | — | — | — | — | — | ($486k) | $1.1m | $1.9m | ($74.8m) | |
| Other Non Cash Items | — | — | — | — | — | — | ($2.4m) | $7.2m | $8.7m | $380k | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $7.9m | $1.2m | $2.5m | $2.2m | $1.6m | |
| Purchase Of Investment | — | — | — | — | — | — | ($415.9m) | ($12.5m) | $0 | $0 | $0 | |
| Purchase Of PPE | $14.2m | $14.6m | $20.9m | $14.7m | $24.1m | $26.7m | ($24.4m) | ($65.8m) | ($111.4m) | ($104.6m) | ($51.3m) | |
| Sale Of Business | — | — | — | — | — | — | — | $11.7m | $0 | $0 | $121.7m | |
| Sale Of Investment | — | — | — | — | — | — | $381.8m | $266.8m | $82.0m | $325k | $0 | |
| Sale Of PPE | — | — | — | — | — | — | $0 | $826k | $108k | $5.1m | $100k | |
| Stock Based Compensation | — | — | — | — | — | — | $7.2m | $10.2m | $13.8m | $17.3m | $13.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.