← Ribbon Communications 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 | ($13.9m) |
($35.3m)
-153.03%
|
($76.8m)
-117.89%
|
($130.1m)
-69.35%
|
$88.6m
+168.11%
|
($177.2m)
-300.00%
|
($98.1m)
+44.64%
|
($66.2m)
+32.50%
|
($54.2m)
+18.08%
|
$39.6m
+173.08%
|
— | |
| Amortization of Debt Issuance Costs | — | — | — | — | $5.7m | $4.8m | $2.3m | $3.2m | $4.8m | $2.8m | — | |
| Amortization of Intangible Assets | $7.5m | $17.1m | $49.7m | $49.2m | $60.9m | $66.6m | $61.2m | $56.9m | $50.9m | $44.2m | — | |
| Depreciation | — | — | — | — | $17.2m | $17.0m | $15.3m | $14.1m | $13.5m | $16.7m | $18.1m | |
| Deferred Income Tax Expense (Benefit) | $1.1m | ($20.3m) | $513k | $5.3m | ($4.6m) | ($45.5m) | ($18.3m) | ($9.2m) | ($16.9m) | ($85.6m) | ($85.1m) | |
| Share-based Payment Arrangement, Noncash Expense | $19.8m | $25.7m | $11.1m | $12.6m | $13.9m | $19.4m | $18.7m | $21.8m | $16.1m | $19.4m | $21.4m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $1.8m | $7.5m | $2.0m | $1.2m | $1.7m | $14.5m | $2.8m | $4.5m | $4.3m | $4.4m | — | |
| Share-based Payment Arrangement, Expense | $19.8m | $25.7m | $11.1m | $12.6m | $13.9m | $19.4m | $18.7m | $21.8m | $16.1m | $19.4m | $21.4m | |
| Goodwill and Intangible Asset Impairment | — | — | — | $164.3m | $0 | $116.0m | $0 | $0 | — | — | — | |
| Goodwill, Impairment Loss | — | — | $0 | $164.3m | $0 | $116.0m | $0 | $0 | $0 | $0 | $0 | |
| Impairment of Intangible Assets, Finite-lived | $0 | $5.5m | $0 | — | — | — | — | — | — | — | — | |
| Operating Lease, Impairment Loss | — | — | — | — | — | — | $0 | $0 | $0 | $0 | — | |
| Other Nonoperating Income (Expense) | $1.4m | $1.3m | ($3.8m) | $70.4m | $112.7m | ($74.5m) | ($44.5m) | ($3.8m) | ($29.1m) | $2.2m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $851k | $30.8m | $13.0m | $3.9m | ($9.6m) | $47.3m | ($14.3m) | ($5.7m) | ($12.4m) | ($20.0m) | $25.8m | |
| Accounts Receivable, Credit Loss Expense (Reversal) | $10k | $154k | $351k | $738k | $686k | $553k | $100k | $428k | $152k | ($97k) | $25.8m | |
| Increase (Decrease) in Inventories | ($4.9m) | ($5.8m) | ($993k) | ($7.8m) | ($11.8m) | $9.0m | $32.1m | $10.7m | $3.6m | ($234k) | ($8.3m) | |
| Increase (Decrease) in Accounts Payable | ($821k) | $13.4m | ($6.1m) | ($16.3m) | ($49.6m) | $34.5m | ($448k) | ($10.5m) | ($6.0m) | ($3.3m) | $788k | |
| Purchases of property and equipment, accrued but unpaid | $4.6m | $4.0m | $7.9m | $10.8m | $26.7m | $17.1m | $10.3m | $9.4m | $22.4m | $25.3m | ($15.4m) | |
| Other Operating Income (Expense), Net | — | — | — | — | $1.7m | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $19.2m |
$8.1m
-57.90%
|
($9.6m)
-218.75%
|
$55.7m
+680.35%
|
$101.6m
+82.39%
|
$19.2m
-81.11%
|
($26.4m)
-237.44%
|
$17.1m
+164.81%
|
$50.2m
+194.02%
|
$51.4m
+2.30%
|
$22.2m
-56.75%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $4.6m | $4.0m | $7.9m | $10.8m | $26.7m | $17.1m | $10.3m | $9.4m | $22.4m | $25.3m | ($15.4m) | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | $30.3m | ($71.3m) | ($41.3m) | $0 | — | — | $0 | |
| Payments to Acquire Businesses, Net of Cash Acquired | $20.7m | $43.0m | $46.4m | $0 | $346.9m | $0 | $0 | — | — | — | $0 | |
| Net Cash Provided by (Used in) Investing Activities | ($27.3m) | $21.0m | ($35.4m) | ($3.5m) | ($330.1m) | ($14.2m) | ($12.1m) | ($9.5m) | ($22.9m) | ($25.3m) | ($15.4m) | |
| Cash flows from financing activities: | ||||||||||||
| Proceeds from Issuance of Long-term Debt | — | — | — | — | $478.5m | $74.6m | $0 | $0 | $342.3m | — | $15.0m | |
| Payments for Repurchase of Common Stock | $9.5m | $0 | $0 | $4.5m | $0 | $0 | — | — | — | $9.0m | — | |
| Net Cash Provided by (Used in) Financing Activities | ($9.9m) |
($4.5m)
+54.57%
|
$31.8m
+808.59%
|
($51.3m)
-261.39%
|
$319.3m
+722.70%
|
($33.7m)
-110.55%
|
$931k
+102.76%
|
($47.9m)
-5240.60%
|
$37.7m
+178.79%
|
($19.4m)
-151.53%
|
($23.2m)
-19.37%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($163k) | $547k | ($180k) | $949k | $91.1m | ($29.2m) | ($39.2m) | ($40.6m) | $63.8m | $7.7m | $45.9m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $57.1m | $43.7m | $44.6m | $135.7m | $106.5m | $67.3m | $26.6m | $90.5m | $98.1m | $45.9m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($163k) | $547k | ($180k) | $70k | $260k | ($523k) | ($1.7m) | ($379k) | ($1.2m) | $1.0m | ($396k) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Proceeds from Stock Options Exercised | $153k | $617k | $73k | $235k | $70k | $24k | $1k | $15k | $21k | $6k | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $41k | $317k | $2.4m | $4.1m | $15.5m | $14.9m | $19.3m | $25.6m | $33.0m | $38.0m | — | |
| Income Taxes Paid, Net | $1.2m | $2.3m | $5.5m | $4.7m | $9.3m | $14.4m | $17.0m | $18.9m | $29.3m | $10.5m | — | |
| Noncash investing and financing activities: | ||||||||||||
| Additional Financial Items | ||||||||||||
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | — | ($3k) | ($115k) | $1.6m | $0 | ($808k) | $417k | $234k | $138k | — | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment | — | — | $500k | — | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | ($1.1m) | ($3.0m) | ($5.0m) | ($1.6m) | $44k | ($5.7m) | ($3.7m) | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | $83.6m | $2.8m | $62k | $0 | — | — | — | |
| Gain (Loss) on Sale of Derivatives | — | — | — | — | — | — | — | $7.3m | — | — | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | $63.0m | — | — | — | — | — | — | — | |
| General and Administrative Expense | $35.9m | $47.6m | $66.0m | $53.9m | $63.3m | $53.7m | $51.1m | $55.0m | $68.7m | $64.2m | — | |
| Goodwill | $49.4m | $335.7m | $383.7m | $224.9m | $416.9m | $300.9m | $300.9m | $300.9m | $300.9m | $300.9m | $0 | |
| Income Tax Expense (Benefit) | $2.5m | ($18.4m) | $3.4m | $7.2m | $4.7m | ($31.0m) | ($14.5m) | $10.8m | $8.2m | ($84.7m) | — | |
| Operating Expenses | $181.2m | $256.7m | $373.7m | $506.5m | $491.4m | $562.5m | $449.3m | $432.4m | $422.6m | $424.0m | — | |
| Operating Lease, Lease Income | — | — | — | — | — | $2.1m | — | — | — | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $577.9m | $563.1m | — | — | — | — | — | — | — |