← IMPINJ 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), Including Portion Attributable to Noncontrolling Interest | ($1.7m) | ($17.3m) | ($35.2m) | ($23.0m) | ($51.9m) | ($51.3m) | ($24.3m) | ($43.4m) | $40.8m | ($10.8m) | — | |
| Depreciation, Depletion and Amortization | $2.9m | $4.0m | $4.5m | $4.8m | $4.5m | $4.6m | $6.0m | $13.6m | $13.6m | $15.0m | $15.5m | |
| Amortization of Debt Issuance Costs and Discounts | — | $95k | $75k | $206k | $3.7m | $568k | $1.6m | $1.6m | $1.6m | $1.8m | — | |
| Amortization of Intangible Assets | — | — | — | — | — | — | — | $5.0m | $2.9m | $2.1m | — | |
| Depreciation | $2.9m | $4.0m | $4.5m | $4.8m | $4.5m | $4.6m | $6.0m | $8.7m | $10.7m | $13.0m | $10.7m | |
| Deferred Income Tax Expense (Benefit) | $90k | ($231k) | ($396k) | $12k | ($43k) | $8k | $6k | ($931k) | ($567k) | ($396k) | ($409k) | |
| Share-based Payment Arrangement, Noncash Expense | $2.8m | $7.4m | $11.3m | $18.5m | $25.7m | $40.5m | $42.4m | $48.0m | $56.5m | $55.3m | $60.7m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | — | — | — | $3.2m | — | |
| Share-based Payment Arrangement, Expense | $2.8m | $7.4m | $11.3m | $18.5m | $25.7m | $40.5m | $42.4m | $48.0m | $56.5m | $55.3m | $60.7m | |
| Other Nonoperating Income (Expense) | — | — | $808k | $1.2m | $650k | $25k | $2.5m | $4.6m | $7.9m | $9.2m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $4.5m | $4.8m | ($3.8m) | $5.3m | $1.3m | $10.4m | $14.5m | $3.7m | $2.0m | $13.7m | ($16.0m) | |
| Increase (Decrease) in Inventories | $15.9m | $19.3m | ($2.4m) | ($10.6m) | $2.2m | ($14.4m) | $24.4m | $49.6m | $2.2m | ($14.5m) | $4.7m | |
| Inventory Write-down | $420k | — | — | — | — | — | — | — | — | — | — | |
| Increase (Decrease) in Accounts Payable | $3.9m | ($2.8m) | $326k | $1.0m | $3.5m | $2.3m | $7.4m | ($12.3m) | $9.3m | ($3.4m) | $4.5m | |
| Net Cash Provided by (Used in) Operating Activities | ($9.5m) |
($35.9m)
-277.87%
|
($11.8m)
+67.18%
|
$4.7m
+139.98%
|
($16.9m)
-458.47%
|
$6.5m
+138.31%
|
$641k
-90.09%
|
($49.4m)
-7803.90%
|
$128.3m
+359.83%
|
$58.7m
-54.22%
|
$71.6m
+21.90%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $3.5m | $6.6m | $6.4m | $2.4m | $3.1m | $16.2m | $12.1m | $18.6m | $17.1m | $12.9m | ($8.6m) | |
| Payments to Acquire Investments | $67.1m | $49.1m | $51.7m | $72.4m | $82.7m | $84.4m | $205.7m | — | $202.1m | $202.8m | ($181.6m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | — | $23.4m | — | — | $0 | |
| Net Cash Provided by (Used in) Investing Activities | ($70.6m) | $21.4m | ($5.7m) | ($13.1m) | ($36.3m) | ($18.6m) | ($102.8m) | $115.8m | ($192.6m) | ($48.0m) | ($15.8m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $65.3m | $2.8m | $2.5m | $28.2m | — | — | — | — | — | — | ($237.0m) | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | ($576k) | — | — | — | — | — | — | — | |
| Induced Conversion of Convertible Debt Expense | — | — | — | — | — | $11.3m | $2.2m | $0 | $0 | $15.0m | — | |
| Proceeds from Issuance of Long-term Debt | $61.4m | — | $16.4m | $4.0m | — | — | — | — | — | — | $183.7m | |
| Net Cash Provided by (Used in) Financing Activities | $103.6m |
$137k
-99.87%
|
$15.7m
+11351.09%
|
$57.8m
+268.17%
|
$9.9m
-82.86%
|
$112.4m
+1035.57%
|
($2.1m)
-101.91%
|
$8.7m
+506.70%
|
$15.7m
+79.48%
|
($8.9m)
-156.94%
|
($59.5m)
-566.82%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $49.4m | ($43.3m) | $100.3m | ($104.3m) | $75.2m | ($48.7m) | $2.2m | $38.7m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $1.5m | $814k | $1.2m | $1.6m | $1.7m | $1.6m | $3.4m | $3.2m | $3.2m | $2.8m | — | |
| Income Taxes Paid, Net | $46k | — | — | — | — | — | — | — | — | $633k | — | |
| Additional Financial Items | ||||||||||||
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | — | ($57k) | — | — | — | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | — | — | — | — | $45.0m | $0 | — | |
| General and Administrative Expense | $12.4m | $18.2m | $22.3m | $24.1m | $35.0m | $36.1m | $45.5m | $60.8m | $51.8m | $49.2m | — | |
| Goodwill | $3.9m | — | — | — | — | — | — | $19.7m | $18.7m | $20.7m | — | |
| Income Tax Expense (Benefit) | $168k | ($97k) | ($233k) | $198k | $89k | $153k | $184k | ($322k) | $157k | ($69k) | — | |
| Operating Expenses | $59.9m | $82.0m | $93.2m | $95.7m | $112.2m | $136.2m | $157.4m | $195.5m | $195.9m | $190.4m | — | |
| Proceeds from Stock Options Exercised | $600k | $4.7m | $2.7m | $9.1m | $10.2m | $17.6m | $15.4m | $8.7m | $20.3m | $11.8m | — | |
| Restructuring Costs | — | — | ($454k) | — | — | — | — | — | — | — | — |