← UNIVERSAL DISPLAY CORP \PA\
| 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 | $48.1m |
$103.9m
+116.11%
|
$58.8m
-43.36%
|
$138.3m
+135.05%
|
$133.4m
-3.57%
|
$184.2m
+38.12%
|
$210.1m
+14.03%
|
$203.0m
-3.36%
|
$222.1m
+9.39%
|
$242.1m
+9.00%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $47.3m |
$102.2m
+116.00%
|
$58.1m
-43.13%
|
$137.2m
+135.94%
|
$132.4m
-3.52%
|
$183.1m
+38.31%
|
$208.8m
+14.08%
|
$202.0m
-3.27%
|
$221.6m
+9.67%
|
$241.9m
+9.19%
|
— | |
| Amortization of Intangible Assets | $16.5m | $22.0m | $22.0m | $22.0m | $22.0m | $22.0m | $17.5m | $16.0m | $18.2m | $18.2m | — | |
| Depreciation | $4.3m | $4.9m | $8.6m | $12.5m | $15.2m | $20.0m | $24.8m | $27.4m | $25.9m | $28.4m | $30.4m | |
| Deferred Income Tax Expense (Benefit) | $3.1m | $24.4m | ($12.8m) | ($5.8m) | ($4.4m) | $1.7m | ($26.9m) | ($3.8m) | ($19.1m) | ($1.0m) | $3.2m | |
| Share-based Payment Arrangement, Noncash Expense | $11.4m | $12.3m | $12.4m | $16.1m | $26.6m | $34.9m | $28.4m | $22.3m | $30.0m | $28.2m | $24.3m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $4.9m | $9.4m | $11.6m | $16.0m | $14.4m | $14.9m | $9.2m | $8.2m | $8.4m | $9.6m | — | |
| Share-based Payment Arrangement, Expense | $0 | $0 | $0 | $0 | — | — | — | — | — | — | $24.3m | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | — | — | — | $3.0m | — | — | — | — | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.0m | |
| Restructuring Costs and Asset Impairment Charges | — | — | — | — | — | — | — | — | $7.5m | $1.6m | — | |
| Nonoperating Income (Expense) | $185k | $3.3m | $7.6m | $11.6m | $6.0m | $603k | $1.1m | $28.0m | $33.3m | $46.2m | — | |
| Other Nonoperating Income (Expense) | ($1.9m) | ($4k) | ($83k) | $767k | $864k | $98k | ($6.7m) | ($184k) | ($7.4m) | $6.5m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | ($1.2m) | $27.4m | ($9.2m) | $17.3m | $21.8m | $25.4m | ($15.0m) | $47.2m | ($26.2m) | $6.3m | $20.8m | |
| Inventory Write-down | — | — | $3.6m | $5.9m | $1.1m | $3.6m | $3.6m | $8.5m | $3.1m | $376k | — | |
| Net Cash Provided by (Used in) Operating Activities | $80.3m |
$133.4m
+66.00%
|
$121.8m
-8.67%
|
$193.9m
+59.21%
|
$148.8m
-23.27%
|
$191.1m
+28.44%
|
$126.8m
-33.64%
|
$154.8m
+22.05%
|
$253.7m
+63.94%
|
$210.8m
-16.91%
|
$262.2m
+24.36%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $7.3m | $29.8m | $25.4m | $30.1m | $28.0m | $43.2m | $42.5m | $59.8m | $42.6m | $56.5m | ($92.2m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $33.4m | — | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($38.5m) | ($125.6m) | ($21.0m) | ($238.7m) | $391.3m | ($457.8m) | ($280.7m) | ($83.3m) | ($164.4m) | ($45.5m) | $6.0m | |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common Stock | — | — | $477k | $649k | — | $0 | — | — | — | $32.9m | — | |
| Payments of Ordinary Dividends, Common Stock | — | $5.7m | $11.3m | $18.9m | $28.4m | $38k | $57.0m | $66.7m | $76.2m | $85.5m | ($89.4m) | |
| Proceeds from Issuance of Common Stock | $439k | $734k | $798k | $889k | $1.2m | $1.5m | $1.6m | $2.0m | $2.2m | $2.0m | $2.0m | |
| Payments of Dividends | — | $5.7m | $11.3m | $18.9m | $28.4m | $37.9m | $57.0m | $66.7m | $76.2m | $85.5m | ($89.4m) | |
| Net Cash Provided by (Used in) Financing Activities | ($14k) |
($14.3m)
-102128.57%
|
($22.6m)
-58.00%
|
($34.6m)
-52.98%
|
($41.7m)
-20.44%
|
($51.4m)
-23.31%
|
($64.6m)
-25.82%
|
($72.9m)
-12.83%
|
($82.3m)
-12.90%
|
($126.0m)
-53.01%
|
($243.4m)
-93.20%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | ($79.4m) | $498.4m | ($318.0m) | ($218.6m) | ($1.4m) | $7.0m | $39.4m | $120.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $131.6m | $630.0m | $312.0m | $93.4m | $92.0m | $99.0m | $138.4m | $120.6m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Income Taxes Paid, Net | $12.9m | $23.2m | $17.8m | $46.6m | $36.3m | $52.6m | $72.3m | $96.2m | $72.0m | $71.4m | — | |
| Additional Financial Items | ||||||||||||
| Goodwill | $15.5m | $15.5m | $15.5m | $15.5m | $15.5m | $15.5m | $15.5m | $15.5m | $15.5m | $15.5m | $2.0m | |
| Income Tax Expense (Benefit) | $20.5m | $45.7m | $5.5m | $31.6m | $30.2m | $44.0m | $58.2m | $42.2m | $50.0m | $52.7m | — | |
| Operating Expenses | $104.2m | $134.7m | $137.1m | $171.5m | $185.9m | $210.9m | $221.6m | $223.9m | $260.4m | $247.9m | — |