← NOVANTA 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 | $22.0m |
$60.1m
+172.92%
|
$49.1m
-18.22%
|
$40.8m
-16.97%
|
$44.5m
+9.19%
|
$50.3m
+13.05%
|
$74.1m
+47.13%
|
$72.9m
-1.58%
|
$64.1m
-12.06%
|
$53.8m
-16.01%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $22.0m | $62.3m | $51.1m | $40.8m | $44.5m | $50.3m | $74.1m | $72.9m | $64.1m | $53.8m | — | |
| Depreciation, Depletion and Amortization | $21.0m | $30.8m | $37.1m | $38.3m | $38.3m | $43.4m | $53.2m | $46.6m | $55.6m | $61.9m | $61.6m | |
| Amortization of Debt Issuance Costs | ($2.5m) | $800k | $1.0m | $1.1m | $1.0m | $1.2m | $1.2m | $1.2m | $1.2m | ($4.7m) | — | |
| Amortization of Intangible Assets | $8.3m | $12.1m | $15.6m | $15.9m | $14.0m | $16.6m | $26.3m | $20.4m | $25.8m | $27.5m | — | |
| Depreciation | $8.6m | $9.8m | $11.4m | $11.8m | $13.2m | $13.5m | $13.6m | $14.0m | $15.0m | $18.2m | $18.2m | |
| Deferred Income Tax Expense (Benefit) | ($1.8m) | ($2.6m) | ($6.1m) | ($4.3m) | ($4.1m) | ($3.9m) | ($18.7m) | ($14.7m) | ($15.9m) | ($8.9m) | ($9.2m) | |
| Share-based Payment Arrangement, Noncash Expense | $4.3m | $5.5m | $7.7m | $9.3m | $23.1m | $25.6m | $23.1m | $25.6m | $23.3m | $29.5m | $34.6m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $1.8m | $2.1m | $3.6m | $6.9m | $8.6m | $30.8m | $11.7m | $10.6m | $9.7m | $7.8m | — | |
| Share-based Payment Arrangement, Expense | $4.3m | $5.5m | $7.7m | $9.3m | $23.1m | $25.6m | $23.1m | $25.6m | $23.3m | $29.5m | $34.6m | |
| Goodwill and Intangible Asset Impairment | — | $0 | $0 | — | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Operating Lease, Impairment Loss | — | — | — | $2.6m | $2.6m | — | — | $1.9m | — | — | — | |
| Income (Loss) from Equity Method Investments | $2.2m | $104k | — | — | — | — | — | — | — | — | — | |
| Other Nonoperating Income (Expense) | $2.2m | $142k | ($44k) | ($243k) | $21k | ($368k) | ($371k) | ($675k) | ($442k) | ($708k) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $6.4m | $2.1m | $1.2m | $3.6m | ($18.0m) | $25.4m | $23.2m | $127k | $6.2m | $27.3m | ($20.8m) | |
| Increase (Decrease) in Inventories | $2.9m | $13.6m | $15.6m | $7.4m | ($22.1m) | $19.1m | $48.5m | ($11.4m) | ($4.8m) | $36.1m | ($29.3m) | |
| Inventory Write-down | $3.1m | $1.4m | $1.9m | $3.2m | $4.0m | $3.6m | $3.0m | $7.5m | $8.8m | $3.3m | — | |
| Net Cash Provided by (Used in) Operating Activities | $47.8m |
$63.4m
+32.62%
|
$89.6m
+41.45%
|
$63.2m
-29.45%
|
$140.2m
+121.73%
|
$94.6m
-32.53%
|
$90.8m
-4.06%
|
$120.1m
+32.27%
|
$158.5m
+32.01%
|
$64.1m
-59.59%
|
$133.8m
+108.94%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $8.5m | $9.1m | $14.7m | $10.7m | $10.5m | $20.0m | $19.6m | $20.0m | $17.2m | $15.6m | ($19.6m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | $1.7m | ($36k) | ($106k) | ($756k) | ($120k) | ($65k) | $61k | ($148k) | $64k | $4.1m | ($206k) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $9.0m | $168.3m | $29.6m | $53.1m | — | $284.7m | $21.6m | — | $191.2m | $64.3m | ($1.1m) | |
| Net Cash Provided by (Used in) Investing Activities | ($12.9m) | ($177.4m) | ($45.6m) | ($63.8m) | ($13.2m) | ($306.7m) | ($42.5m) | ($19.9m) | ($208.2m) | ($74.3m) | ($20.3m) | |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common Stock | $1.6m | $370k | $5.8m | $10.0m | $5.5m | — | $10.0m | — | — | $39.3m | — | |
| Proceeds from (Payments for) Other Financing Activities | ($1.2m) | ($853k) | ($563k) | ($443k) | ($1.1m) | ($567k) | ($599k) | ($657k) | ($278k) | ($3.3m) | — | |
| Net Cash Provided by (Used in) Financing Activities | ($23.2m) |
$143.3m
+718.09%
|
($60.2m)
-141.98%
|
($3.9m)
+93.46%
|
($84.4m)
-2043.76%
|
$204.8m
+342.72%
|
($60.2m)
-129.38%
|
($97.9m)
-62.67%
|
$56.9m
+158.19%
|
$276.3m
+385.27%
|
$494.7m
+79.03%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($3.6m) | $2.6m | ($1.9m) | $1.4m | $46.1m | ($7.7m) | ($17.3m) | $4.9m | $8.9m | $266.9m | $718.2m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $2.9m | $5.8m | $8.9m | $8.4m | $5.5m | $6.2m | $14.3m | $25.3m | $32.7m | $22.6m | — | |
| Income Taxes Paid, Net | $14.1m | $21.1m | $20.3m | $14.3m | $5.9m | $11.3m | $20.3m | $36.9m | $21.2m | $36.7m | — | |
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | $2.3m | ($447k) | $147k | ($780k) | ($942k) | ($127k) | $67k | ($255k) | $413k | ($2.2m) | — | |
| Goodwill | $108.1m | $211.0m | $217.7m | $274.7m | $286.0m | $479.5m | $478.9m | $484.5m | $584.1m | $647.3m | $0 | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $22.0m | $60.1m | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $22.0m | $62.3m | — | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $10.5m | $13.8m | $10.2m | $5.0m | $3.9m | $5.8m | $13.1m | $10.9m | $15.0m | $15.8m | — | |
| Operating Expenses | $129.9m | $163.3m | $190.5m | $206.8m | $188.6m | $236.3m | $275.4m | $289.4m | $311.0m | $341.3m | — | |
| Proceeds from Stock Options Exercised | $181k | — | — | — | — | — | — | — | — | — | — | |
| Restructuring Costs | $3.0m | $346k | $2.0m | $8.6m | $4.5m | $8.3m | $4.4m | $11.8m | $10.5m | $16.1m | — |