← RBC Bearings INC
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $70.6m |
$87.1m
+23.39%
|
$105.2m
+20.72%
|
$126.0m
+19.81%
|
$89.6m
-28.88%
|
$65.1m
-27.41%
|
$166.7m
+156.21%
|
$209.9m
+25.91%
|
$246.2m
+17.29%
|
$287.6m
+16.82%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $70.6m |
$87.1m
+23.39%
|
$105.2m
+20.72%
|
$126.0m
+19.81%
|
$89.6m
-28.88%
|
$65.1m
-27.41%
|
$143.8m
+121.01%
|
$186.9m
+29.97%
|
$233.8m
+25.09%
|
$287.6m
+23.01%
|
— | |
| Depreciation, Depletion and Amortization | $27.4m | $28.4m | $29.7m | $31.4m | $32.7m | $65.5m | $115.4m | $119.3m | $120.0m | $128.8m | $132.5m | |
| Amortization of Debt Issuance Costs | $1.4m | $1.4m | $921k | $506k | $472k | — | $7.2m | $3.0m | — | $2.4m | — | |
| Amortization of Debt Issuance Costs and Discounts | — | — | — | — | — | — | — | — | $2.4m | $3.0m | — | |
| Amortization of Intangible Assets | $9.3m | $9.3m | $9.7m | $9.6m | $10.2m | — | $69.1m | $70.4m | $71.8m | $81.0m | — | |
| Depreciation | $18.1m | $19.0m | $20.0m | $21.8m | $22.5m | $65.5m | $115.4m | $119.3m | $48.2m | $47.8m | $47.8m | |
| Amortization of deferred financing costs | $1.4m | $1.4m | $921k | $506k | $472k | $18.9m | $7.2m | $3.0m | $2.4m | $3.0m | — | |
| Deferred Income Tax Expense (Benefit) | $8.3m | ($702k) | ($4.9m) | $6.5m | $1.5m | ($1.2m) | ($21.4m) | ($12.3m) | ($26.8m) | $10.9m | $14.1m | |
| Share-based Payment Arrangement, Noncash Expense | $12.1m | $13.4m | $16.1m | $20.1m | $21.3m | — | $14.0m | $17.4m | $28.4m | $34.5m | $34.6m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | — | — | — | $14.4m | — | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | $2.6m | $1.6m | — | — | $9 | $34.6m | |
| Stock-based compensation | $12.1m | $13.4m | $16.1m | $20.1m | $21.3m | $23.9m | $14.0m | $17.4m | $28.4m | $34.5m | $34.6m | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | — | — | — | — | $0 | — | — | |
| Restructuring Costs and Asset Impairment Charges | — | — | — | $1.1m | $2.5m | — | $2.3m | $2.6m | $500k | $3.0m | — | |
| Nonoperating Income (Expense) | $103k | $783k | $772k | $761k | $31k | — | $6.6m | $1.7m | $1.8m | ($1.9m) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $7.3m | $5.9m | $17.3m | $3.3m | ($19.0m) | — | ($7.8m) | $13.4m | $53.3m | $19.4m | ($22.9m) | |
| Accounts receivable | ($7.3m) | ($5.9m) | ($17.3m) | $3.3m | $19.0m | ($53.5m) | $7.8m | ($13.4m) | ($53.3m) | ($19.4m) | ($22.9m) | |
| Increase (Decrease) in Inventories | $9.1m | $14.5m | $37.8m | ($25.4m) | ($905k) | — | $71.7m | $31.6m | $32.3m | $43.7m | ($35.1m) | |
| Inventory Write-down | — | — | — | — | — | — | — | — | — | $2.1m | — | |
| Inventory | ($9.1m) | ($14.5m) | ($37.8m) | ($25.4m) | $905k | ($16.1m) | ($71.7m) | ($31.6m) | ($32.3m) | ($43.7m) | ($35.1m) | |
| Increase (Decrease) in Accounts Payable | ($1.4m) | $10.5m | $5.9m | $837k | ($14.8m) | $52.4m | ($11.1m) | ($30.7m) | $22.2m | $1.4m | $2.4m | |
| Accrued expenses and other current liabilities | $5.5m | ($2.3m) | ($2.5m) | ($14k) | $2.6m | $22.1m | $6.0m | $9.0m | ($2.3m) | ($16.4m) | — | |
| Gain (Loss) on Disposition of Other Assets | ($2.5m) | ($241k) | ($853k) | ($1.2m) | — | — | — | — | — | — | — | |
| Prepaid expenses and other current assets | ($2.8m) | $1.1m | ($506k) | ($3.9m) | ($353k) | ($1.8m) | ($5.8m) | ($2.4m) | ($3.9m) | $10.5m | — | |
| Other Operating Income (Expense), Net | $629k | $308k | ($339k) | $883k | $1.8m | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $101.2m |
$130.3m
+28.69%
|
$108.5m
-16.69%
|
$155.6m
+43.37%
|
$152.5m
-2.04%
|
$180.3m
+18.26%
|
$220.6m
+22.36%
|
$274.7m
+24.52%
|
$293.6m
+6.88%
|
$415.7m
+41.59%
|
$467.5m
+12.46%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $20.9m | $28.0m | $41.3m | $37.3m | $11.8m | $29.8m | $42.0m | ($33.2m) | ($49.8m) | ($73.1m) | ($82.3m) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($63k) | — | — | — | — | — | — | — | — | — | $600k | |
| Payments to Acquire Businesses, Net of Cash Acquired | $651k | — | — | $33.8m | ($245k) | — | ($27.5m) | $19.3m | — | $276.7m | ($276.7m) | |
| Net Cash Provided by (Used in) Investing Activities | ($21.4m) | ($27.9m) | ($17.1m) | ($62.8m) | ($101.5m) | ($2.8b) | ($14.0m) | ($52.2m) | ($49.8m) | ($349.7m) | ($358.9m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $10.0m | $13.8m | $168.8m | — | — | — | — | — | — | — | ($323.4m) | |
| Gain (Loss) on Extinguishment of Debt | — | — | ($987k) | — | — | — | — | — | — | — | — | |
| Proceeds from Issuance of Long-term Debt | — | — | — | $15.4m | — | — | — | — | — | — | $208.3m | |
| Payments for Repurchase of Common Stock | $4.8m | $5.0m | $5.2m | $12.2m | $6.8m | — | $7.7m | $11.0m | $9.5m | — | — | |
| Tax withholding for common stock issued under equity incentive plans | — | — | — | — | — | — | — | ($11.0m) | ($9.5m) | ($14.4m) | — | |
| Dividends paid | $0 | — | — | — | — | — | — | — | — | — | ($11.5m) | |
| Dividends Payable, Current | — | — | — | — | — | — | — | $5 | — | — | — | |
| Dividends Payable | — | — | — | — | — | — | $5 | — | — | — | — | |
| Preferred stock dividends paid | — | — | — | — | — | ($7) | ($23) | ($23) | ($17) | — | — | |
| Proceeds from (Payments for) Other Financing Activities | $0 | — | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | — | ($89.9m) |
($113.3m)
-25.95%
|
($20.4m)
+82.02%
|
($3.4m)
+83.49%
|
$2.7b
+80339.55%
|
($322.8m)
-111.96%
|
($223.5m)
+30.76%
|
($270.4m)
-20.98%
|
($43.3m)
+83.99%
|
($114.8m)
-165.13%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | $47.8m | — | ($117.5m) | ($1.9m) | ($26.7m) | $20.5m | $126.7m | |
| Cash, at beginning of year | $39.2m | $38.9m | $54.2m | $29.9m | — | $182.9m | $65.4m | $63.5m | $36.8m | $57.3m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | — | $63.5m | $36.8m | $57.3m | $126.7m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | ($1.3m) | ($900k) | ($100k) | — | ($2.2m) | |
| Effect of exchange rate changes on cash | ($1.4m) | $2.8m | ($2.4m) | $902k | $265k | $504k | ($1.3m) | ($900k) | ($100k) | ($2.2m) | ($2.2m) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $7.3m | $6.2m | $4.2m | $1.3m | $1.1m | $11.6m | $69.9m | $75.7m | $55.4m | $48.4m | — | |
| Income Taxes Paid, Net | $29.7m | $21.0m | $22.1m | $27.1m | $16.7m | $17.1m | $60.4m | $56.4m | $101.3m | $71.6m | — | |
| Additional Financial Items | ||||||||||||
| Asset Acquisition Contingent Consideration Liability | — | — | — | — | — | — | $600k | $100k | — | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | $1.2m | ($1.3m) | — | ($300k) | ($600k) | ($400k) | ($600k) | — | |
| Gain (Loss) on Disposition of Intangible Assets | — | — | ($6.7m) | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | $16.5m | — | — | — | — | — | — | |
| Goodwill | $268.0m | $268.1m | $261.4m | $277.8m | $277.5m | — | $1.9b | $1.9b | $1.9b | $2.0b | — | |
| Income Tax Expense (Benefit) | $34.3m | $32.7m | $20.9m | $28.1m | $20.4m | $24.0m | $43.0m | $51.9m | $65.7m | $81.7m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | — | $49.8m | — | |
| Operating Costs and Expenses | $115.9m | $130.0m | $144.6m | $132.3m | $122.6m | — | $311.8m | $328.3m | $356.2m | $409.2m | — | |
| Operating Lease, Expense | — | — | — | $7.1m | $7.6m | — | $9.9m | $10.1m | $10.4m | $11.1m | — | |
| Payments of Financing Costs | $0 | — | $852k | $276k | — | — | — | — | — | $1.8m | — | |
| Proceeds from Stock Options Exercised | $16.2m | $13.3m | $23.3m | $13.6m | $11.4m | — | $11.6m | $20.4m | $34.9m | $24.2m | — | |
| Provision for Loan, Lease, and Other Losses | ($157k) | $73k | ($85k) | $13k | ($86k) | — | $400k | $500k | ($100k) | $400k | — | |
| Restructuring Costs | $1.4m | $6.6m | $16.9m | $358k | — | — | — | — | — | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $702.5m | $727.5m | $609.0m | $942.9m | — | — | — | — | — | |
| Loss on disposition of assets | $2.5m | $241k | $853k | ($1.2m) | $1.3m | $347k | $300k | $600k | $400k | $600k | — | |
| Restructuring and other noncash charges | — | — | $16.9m | $358k | $2.5m | $2.4m | $2.3m | $2.6m | $500k | $3.0m | — | |
| Other noncurrent assets | — | — | ($6.3m) | ($3.9m) | ($10.9m) | ($2.4m) | ($800k) | ($3.0m) | $500k | ($16.7m) | — | |
| Other noncurrent liabilities | — | — | $1.4m | $943k | $6.6m | $3.8m | $4.5m | ($500k) | ($14.7m) | $24.4m | — | |
| Proceeds from sale of assets | $188k | $87k | $22.3m | $8.4m | $58k | $22k | $500k | $300k | $0 | $100k | — | |
| Acquisition of businesses | ($651k) | — | — | ($33.8m) | $245k | ($2.9b) | $27.5m | ($19.3m) | — | ($276.7m) | — | |
| Proceeds received from revolving credit facilities | $0 | — | $149.2m | $9.4m | — | — | — | $20.3m | $67.0m | $200.0m | — | |
| Repayments of revolving credit facilities | — | ($84.0m) | ($110.5m) | ($45.8m) | ($3.0m) | — | — | — | ($82.4m) | ($5.0m) | — | |
| Repayments of term loans | ($10.0m) | ($13.8m) | ($168.8m) | — | ($4.4m) | ($113.0m) | ($300.0m) | ($225.0m) | ($262.0m) | ($240.0m) | — | |
| Repayments of notes payable | ($469k) | ($475k) | ($471k) | ($477k) | ($504k) | ($505k) | ($500k) | ($1.6m) | ($1.6m) | ($1.7m) | — | |
| Finance fees paid in connection with credit facilities | $0 | — | ($852k) | ($276k) | — | — | — | — | — | ($1.8m) | — | |
| Proceeds from mortgage | — | — | — | — | — | $605.5m | — | — | $4.5m | — | — | |
| Principal payments on finance lease obligations | — | — | — | — | — | ($1.6m) | ($3.2m) | ($3.6m) | ($4.1m) | ($4.6m) | — | |
| Exercise of equity awards | $16.2m | $13.3m | $23.3m | $13.6m | $11.4m | $18.0m | $11.6m | $20.4m | $34.9m | $24.2m | — | |
| Increase/(decrease) during the year | ($285k) | $15.2m | ($24.3m) | $73.4m | $47.8m | $31.8m | ($117.5m) | ($1.9m) | ($26.7m) | $20.5m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.