← Perion Network Ltd.
| 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 | $201k |
($72.8m)
-36296.02%
|
$8.1m
+111.16%
|
$12.9m
+58.76%
|
$10.2m
-20.69%
|
$38.7m
+278.54%
|
$99.2m
+156.36%
|
$117.4m
+18.33%
|
$12.6m
-89.26%
|
($7.9m)
-162.89%
|
— | |
| Depreciation, Depletion and Amortization | $26.0m | $16.6m | $9.7m | $9.7m | $9.9m | $9.9m | $13.8m | $14.1m | $16.4m | $17.7m | $19.1m | |
| Amortization of Intangible Assets | $22.0m | — | — | — | — | — | — | — | — | — | — | |
| Capitalized Computer Software, Amortization | $769k | $843k | $3.0m | $3.6m | $3.1m | $1.4m | — | — | — | — | — | |
| Depreciation | $4.0m | $3.6m | $5.0m | $5.5m | $4.7m | $3.0m | $2.0m | $1.6m | $2.1m | $2.4m | $2.4m | |
| Deferred Income Tax Expense (Benefit) | ($3.3m) | ($8.9m) | $458k | ($2.0m) | ($3.1m) | ($2.8m) | ($1.5m) | ($734k) | ($2.2m) | ($1.5m) | ($9.6m) | |
| Share-based Payment Arrangement, Noncash Expense | $6.8m | $2.1m | $2.7m | $2.3m | $4.4m | $7.0m | $11.6m | $15.6m | $27.2m | $31.1m | $31.6m | |
| Share-based Payment Arrangement, Expense | $6.8m | $2.1m | $2.7m | $2.3m | $4.4m | $7.0m | $11.6m | $15.6m | $27.2m | $31.1m | $31.6m | |
| Goodwill, Impairment Loss | — | $65.7m | — | — | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets, Finite-lived | — | $20.0m | — | — | — | — | — | — | — | — | — | |
| Nonoperating Income (Expense) | ($8.3m) | ($5.9m) | ($3.8m) | ($3.5m) | ($2.6m) | ($581k) | $4.5m | $21.0m | $18.5m | $9.9m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $5.3m | ($8.9m) | ($7.4m) | ($6.4m) | $32.0m | $34.2m | $45.2m | $5.3m | ($66.1m) | $23.0m | ($23.0m) | |
| Accounts Receivable, Credit Loss Expense (Reversal) | $152k | $230k | $180k | $78k | $323k | $82k | $210k | $1.1m | — | — | ($23.0m) | |
| Purchases of property and equipment, accrued but unpaid | $1.5m | $1.6m | $2.0m | $1.2m | $459k | $627k | $1.1m | $811k | $6.9m | $3.8m | ($6.4m) | |
| Net Cash Provided by (Used in) Operating Activities | $30.5m |
$36.0m
+18.25%
|
$32.8m
-8.92%
|
$44.7m
+36.40%
|
$22.2m
-50.47%
|
$71.1m
+220.89%
|
$122.1m
+71.74%
|
$155.5m
+27.30%
|
$6.9m
-95.54%
|
$41.9m
+504.22%
|
$55.6m
+32.69%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $1.5m | $1.6m | $2.0m | $1.2m | $459k | $627k | $1.1m | $811k | $6.9m | $3.8m | ($6.4m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($149k) | — | — | $0 | ($10k) | ($121k) | $12k | $27k | $46k | $42k | ($482k) | |
| Marketable Securities, Unrealized Gain (Loss) | — | — | — | — | — | — | — | ($101k) | $164k | $35k | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | $1.2m | $19.0m | $38.4m | $9.6m | $101.9m | $0 | $26.6m | ($26.6m) | |
| Net Cash Provided by (Used in) Investing Activities | $28.7m | ($4.9m) | ($1.8m) | ($21.2m) | ($8.9m) | ($243.5m) | ($46.8m) | ($133.4m) | $62.6m | ($37.4m) | ($65.8m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | — | — | — | — | — | — | — | — | — | $452k | ($452k) | |
| Proceeds from Issuance of Long-term Debt | — | $5.0m | $25.0m | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | — | ($23.8m) |
($23.0m)
+3.49%
|
($24.8m)
-7.64%
|
($4.0m)
+83.66%
|
$229.1m
+5759.85%
|
($3.3m)
-101.42%
|
($10.8m)
-232.20%
|
($100.9m)
-832.39%
|
($71.1m)
+29.59%
|
($88.6m)
-24.73%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $9.1m | $7.6m | $8.0m | ($1.2m) | $9.3m | $56.7m | $72.0m | $11.4m | ($31.6m) | ($66.2m) | $53.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $9.1m | $7.6m | $40.8m | $39.6m | $48.9m | $105.5m | $177.5m | $188.9m | $157.4m | $91.2m | $53.1m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | $81k | ($33k) | ($59k) | $141k | ($214k) | $333k | $178k | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Proceeds from Stock Options Exercised | $2k | $1k | — | $1.2m | $4.3m | $6.9m | $5.8m | $2.4m | $547k | $612k | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $4.6m | $3.6m | $2.3m | $1.1m | $203k | $5k | $6k | $13k | $85k | — | |
| Income Taxes Paid, Net | $4.0m | $8.4m | $1.3m | $4.0m | $3.2m | $4.4m | $7.7m | $18.0m | $13.1m | $8.3m | — | |
| Noncash investing and financing activities: | ||||||||||||
| Additional Financial Items | ||||||||||||
| Accretion Expense | $1.3m | $43k | — | — | — | $119k | $0 | $0 | $0 | $669k | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($980k) | ($83k) | ($3k) | $86k | ($19k) | $223k | ($20k) | $27k | ($53k) | $481k | — | |
| General and Administrative Expense | $32.9m | $21.9m | $16.4m | $15.0m | $15.8m | $20.9m | $23.8m | $31.8m | $38.7m | $36.4m | — | |
| Goodwill | $190.7m | $125.1m | $125.1m | $125.8m | $152.3m | $189.3m | $195.5m | $248.0m | $247.1m | $266.1m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $2.8m | ($72.8m) | $8.1m | $12.9m | $10.2m | $38.7m | $99.2m | $117.4m | $12.6m | ($7.9m) | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $2.8m | ($72.8m) | $8.1m | $12.9m | $10.2m | $38.7m | $99.2m | $117.4m | $12.6m | ($7.9m) | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($2.6m) | — | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | ($2.6m) | — | — | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $212k | ($8.8m) | $2.8m | $1.6m | ($610k) | $6.6m | $14.4m | $20.3m | $2.9m | $3.0m | — | |
| Operating Expenses | $301.4m | $349.6m | $238.2m | $243.4m | $315.8m | $432.6m | $531.1m | $626.4m | $501.3m | $454.8m | — | |
| Operating Lease, Expense | — | — | — | — | — | $4.4m | $2.8m | $2.0m | $3.9m | $2.9m | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | $167k | $525k | ($206k) | $272k | $764k | — | — | — | — | — | — | |
| Restructuring Costs | — | — | — | — | — | — | — | — | $6.9m | $1.3m | — | |
| Unrealized Gain (Loss) on Derivatives | $608k | $2.4m | — | $380k | — | $0 | — | — | — | — | — |