← PHOTRONICS 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 | $46.2m |
$13.1m
-71.58%
|
$42.1m
+220.30%
|
$29.8m
-29.16%
|
$33.8m
+13.52%
|
$55.4m
+63.95%
|
$118.8m
+114.23%
|
$125.5m
+5.64%
|
$130.7m
+4.15%
|
$136.4m
+4.37%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $55.7m | $21.3m | $61.2m | $40.5m | $40.3m | $78.8m | $179.2m | $199.6m | $183.8m | $190.2m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $9.5m | $8.2m | $19.2m | $10.7m | $6.5m | $23.4m | $60.5m | $74.1m | $53.2m | $53.8m | — | |
| Depreciation, Depletion and Amortization | $77.6m | $81.7m | $79.5m | $79.2m | $89.2m | $87.5m | $80.0m | $80.5m | $82.4m | $77.3m | $77.0m | |
| Amortization | $5.2m | $4.9m | $4.8m | — | — | — | — | — | — | — | $347k | |
| Amortization of Intangible Assets | $4.8m | $4.9m | $4.8m | $4.6m | $4.6m | $2.9m | $359k | $362k | $372k | $347k | — | |
| Deferred Income Tax Expense (Benefit) | ($3.8m) | $1.6m | ($273k) | ($3.7m) | ($445k) | ($2.1m) | $809k | ($927k) | ($1.4m) | ($17.2m) | ($17.2m) | |
| Share-based Payment Arrangement, Noncash Expense | $3.8m | $3.6m | $3.2m | $3.7m | $4.9m | $5.3m | $6.3m | $8.0m | $13.9m | $13.4m | $13.3m | |
| Share-based Payment Arrangement, Expense | $3.8m | $3.6m | $3.2m | $3.7m | $4.9m | $5.3m | $6.3m | $8.0m | $13.9m | $13.4m | $13.3m | |
| Other Nonoperating Income (Expense) | $2.4m | ($3.1m) | $5.2m | $5k | $541k | $1.2m | $1.7m | $14.9m | $24.1m | $22.0m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | ($18.8m) | $9.6m | $18.6m | $12.3m | ($7.0m) | $36.6m | $51.2m | ($4.0m) | $2.5m | ($6.3m) | $10.9m | |
| Increase (Decrease) in Inventories | ($2.3m) | $602k | $6.2m | $23.1m | $6.9m | ($3.0m) | $2.0m | ($1.2m) | $6.2m | $4.9m | ($6.5m) | |
| Net Cash Provided by (Used in) Operating Activities | $122.1m |
$96.8m
-20.72%
|
$130.6m
+34.84%
|
$68.4m
-47.62%
|
$143.0m
+109.17%
|
$150.8m
+5.40%
|
$275.2m
+82.52%
|
$302.2m
+9.81%
|
$261.4m
-13.48%
|
$247.8m
-5.22%
|
$282.2m
+13.87%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $50.1m | $92.0m | $92.6m | $178.4m | $70.8m | $109.1m | $112.3m | $131.3m | $130.9m | $188.1m | ($185.9m) | |
| Property, plant and equipment acquisitions funded by liabilities | $50.1m | $92.0m | $92.6m | $178.4m | $70.8m | $109.1m | $112.3m | $131.3m | $130.9m | $188.1m | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | $7.9m | $2.8m | $29.6m | $13.7m | $13.1m | $3.5m | ($17k) | $0 | ($92k) | ($240k) | — | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | — | — | — | — | — | — | — | $47.5m | — | — | — | |
| Payments for (Proceeds from) Other Investing Activities | ($597k) | $34k | ($2.1m) | ($61k) | $0 | $0 | ($25k) | $0 | ($59k) | $0 | — | |
| Net Cash Provided by (Used in) Investing Activities | $52.3m | ($98.1m) | ($90.7m) | ($151.4m) | ($65.7m) | ($103.5m) | ($147.8m) | ($101.5m) | ($156.5m) | ($238.9m) | ($275.9m) | |
| Cash flows from financing activities: | ||||||||||||
| Proceeds from Issuance of Long-term Debt | — | — | — | — | — | — | $0 | $0 | — | — | — | |
| Payments for Repurchase of Common Stock | — | — | $23.1m | $21.7m | $34.4m | $48.2m | $2.5m | $0 | $0 | $97.4m | — | |
| Proceeds from (Payments for) Other Financing Activities | ($20k) | ($32k) | ($519k) | ($92k) | ($248k) | ($437k) | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | ($67.0m) |
($10.9m)
+83.69%
|
($13.8m)
-26.33%
|
($42.1m)
-204.66%
|
($16.0m)
+61.93%
|
($53.9m)
-236.68%
|
($38.7m)
+28.22%
|
($18.5m)
+52.20%
|
($7.7m)
+58.20%
|
($115.3m)
-1391.03%
|
($20.6m)
+82.12%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $6.2m | ($4.8m) | ($122.7m) | $72.3m | ($1.9m) | $42.7m | $179.5m | $99.4m | ($106.1m) | $516.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $6.2m | ($4.8m) | $209.3m | $281.6m | $279.7m | $322.4m | $501.9m | $601.2m | $495.1m | $516.3m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $6.2m | ($4.8m) | $2.4m | $11.0m | $4.7m | ($46.0m) | ($2.7m) | $2.1m | $228k | ($4.8m) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Non-cash transactions: | ||||||||||||
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | ($300k) | ($5.2m) | $400k | ($1.3m) | ($501k) | $8.0m | $27.3m | $2.5m | $2.2m | ($8.3m) | — | |
| Gain (Loss) on Disposition of Assets | — | — | $600k | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $4.8m | $5.3m | $7.3m | $10.2m | $21.3m | $23.2m | $59.8m | $70.3m | $63.6m | $31.6m | — | |
| Operating Expenses | — | $59.4m | $65.9m | $68.7m | $70.7m | $76.0m | $82.3m | $83.1m | $94.3m | $91.4m | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($129k) | ($129k) | ($48k) | $0 | $0 | — | — | — | — | — | — | |
| Payments of Financing Costs | $0 | — | — | — | — | — | — | — | — | — | — | |
| Pension Cost (Reversal of Cost) | $600k | $600k | — | — | — | — | — | — | — | — | — | |
| Proceeds from Noncontrolling Interests | — | — | $18.0m | $29.4m | $17.6m | $0 | $25.0m | $0 | $0 | — | — |