← RADWARE 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 | ($8.7m) |
($7.5m)
+13.47%
|
$11.7m
+256.61%
|
$22.6m
+92.30%
|
$9.6m
-57.30%
|
$7.8m
-18.94%
|
($166k)
-102.13%
|
($21.6m)
-12906.02%
|
$6.0m
+127.97%
|
$20.3m
+235.49%
|
— | |
| Depreciation, Depletion and Amortization | $10.4m | $11.2m | $9.8m | $11.3m | $10.6m | $10.2m | $11.7m | $12.2m | $11.8m | $11.7m | $11.7m | |
| Amortization of Intangible Assets | $1.1m | $1.2m | $948k | $2.4m | $1.9m | $1.9m | $3.7m | $4.0m | $4.0m | $4.0m | — | |
| Depreciation | $9.3m | $10.0m | $8.8m | $8.9m | $8.7m | $8.3m | $8.0m | $8.3m | $7.9m | $7.7m | $7.5m | |
| Deferred Income Tax Expense (Benefit) | ($2.7m) | $91k | ($2.3m) | ($1.5m) | $333k | ($3.5m) | ($2.0m) | $582k | $439k | $5k | — | |
| Deferred Other Tax Expense (Benefit) | — | — | — | — | $1.6m | $1.2m | $1.7m | — | — | — | — | |
| Share-based Payment Arrangement, Noncash Expense | $11.5m | $13.0m | $12.5m | $13.1m | $16.5m | $17.6m | $27.4m | $34.0m | $26.0m | $24.0m | $25.7m | |
| Share-based Payment Arrangement, Expense | $11.5m | $13.0m | $12.5m | $13.1m | $16.5m | $17.6m | $26.1m | $31.1m | $24.4m | $24.0m | $25.7m | |
| Other Nonoperating Income (Expense) | $5.7m | $4.8m | $7.3m | $8.8m | $7.8m | $4.4m | $8.1m | $13.9m | $16.6m | $17.9m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | ($7.0m) | ($3.4m) | $1.2m | $2.4m | ($5.8m) | ($3.7m) | $4.6m | $2.5m | ($3.4m) | $18.2m | ($23.2m) | |
| Increase (Decrease) in Inventories | $792k | $1.7m | ($371k) | ($4.5m) | ($5k) | ($2.4m) | ($152k) | $4.1m | ($1.5m) | ($810k) | ($343k) | |
| Inventory Write-down | $1.1m | $2.3m | $3.9m | $3.3m | $616k | $2.0m | $397k | $1.5m | $952k | $553k | — | |
| Increase (Decrease) in Accounts Payable | ($3.3m) | ($734k) | ($884k) | $1.8m | ($2.4m) | $428k | $2.2m | ($2.2m) | $1.3m | $1.7m | $4.0m | |
| Net Cash Provided by (Used in) Operating Activities | $38.5m |
$31.5m
-18.24%
|
$49.3m
+56.54%
|
$52.9m
+7.31%
|
$63.9m
+20.84%
|
$71.8m
+12.38%
|
$32.1m
-55.21%
|
($3.5m)
-110.89%
|
$71.6m
+2145.97%
|
$50.1m
-30.05%
|
$42.9m
-14.43%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $9.4m | $7.2m | $8.9m | $8.2m | $8.7m | $5.6m | $8.8m | $5.4m | $5.3m | $8.5m | ($9.4m) | |
| Gain (Loss) on Investments | $1.8m | $18k | — | — | — | — | — | — | — | — | — | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $17.2m | $20.1m | $41.8m | $17.0m | $29.5m | $60.0m | $34.6m | $46.2m | $125.0m | $73.2m | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $8.3m | — | $12.2m | — | — | $30.0m | $0 | $0 | — | $0 | |
| Payments for (Proceeds from) Other Investing Activities | $53k | $6k | ($40k) | ($4k) | $110k | ($49k) | ($35k) | ($66k) | ($81k) | ($58k) | — | |
| Net Cash Provided by (Used in) Investing Activities | $28.4m | ($56.3m) | ($85.5m) | ($50.8m) | ($14.4m) | $7.8m | ($56.0m) | $92.8m | ($39.5m) | ($30.1m) | $3.2m | |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common Stock | $22.0m | $413k | $4.3m | $24.5m | $45.3m | $52.5m | $59.5m | $63.2m | $839k | $10.5m | — | |
| Net Cash Provided by (Used in) Financing Activities | ($20.9m) |
$10.5m
+150.03%
|
$16.2m
+54.78%
|
($6.5m)
-140.15%
|
($35.5m)
-444.88%
|
($41.9m)
-18.05%
|
($22.5m)
+46.38%
|
($64.9m)
-189.10%
|
($3.9m)
+93.97%
|
($13.7m)
-249.02%
|
($62.1m)
-354.35%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | $46.2m | $70.5m | $98.7m | $105.1m | $86.6m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Income Taxes Paid, Net | $1.7m | $14.4m | $6.4m | $3.3m | $1.3m | $2.7m | $18.1m | $4.0m | $921k | $2.2m | — | |
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | ($674k) | ($635k) | ($196k) | ($2.3m) | ($2.3m) | ($1.8m) | $1.3m | $203k | ($1.2m) | ($3.2m) | — | |
| General and Administrative Expense | $18.1m | $17.6m | $16.1m | $18.6m | $18.9m | $21.9m | $29.8m | $32.4m | $28.3m | $25.5m | — | |
| Goodwill | $30.1m | $32.2m | $32.2m | $41.1m | $41.1m | $41.1m | $68.0m | $68.0m | $68.0m | $68.0m | — | |
| Income Tax Expense (Benefit) | $1.7m | $5.7m | $3.1m | $3.1m | $4.3m | $14.8m | $4.9m | $3.8m | $6.6m | $9.1m | — | |
| Operating Costs and Expenses | — | — | — | — | — | — | — | $7.7m | $8.1m | $11.8m | — | |
| Operating Expenses | $173.6m | $178.4m | $185.2m | $190.0m | $198.8m | $215.8m | $242.9m | $241.3m | $225.5m | $232.1m | — | |
| Proceeds from Stock Options Exercised | $1.6m | $10.9m | $21.8m | $18.0m | $11.9m | $10.6m | $2.0m | $371k | $3k | $0 | — |