← SiteOne Landscape Supply, 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 | $28.9m |
$30.6m
+5.88%
|
$73.9m
+141.50%
|
$77.7m
+5.14%
|
— | $121.3m |
$238.4m
+96.54%
|
$245.4m
+2.94%
|
$124.4m
-49.31%
|
$157.4m
+26.53%
|
$168.0m
+6.73%
|
|
| Net Income From Continuing Operations | — | — | — | — | — | — | $245.4m | $173.4m | $124.4m | $157.4m | $168.0m | |
| Net Income (Loss) Attributable to Parent | — | — | — | — | $121.3m | — | $245.4m |
$173.4m
-29.34%
|
$123.6m
-28.72%
|
$151.8m
+22.82%
|
— | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | — | — | — | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | — | — | — | |
| Amortization of Debt Issuance Costs | — | — | — | — | $4.1m | — | — | — | — | — | — | |
| Amortization of Intangible Assets | — | — | — | — | $35.7m | — | — | — | — | — | — | |
| Amortization of debt related costs | $3.0m | $2.5m | $3.1m | $2.0m | — | $4.1m | $2.3m | $1.1m | $1.3m | $1.2m | — | |
| Amortization of finance lease right-of-use assets and depreciation | — | $17.6m | $21.5m | $25.1m | — | $29.4m | $36.2m | $51.6m | $75.3m | $80.7m | — | |
| Amortization of software and intangible assets | $18.4m | $22.8m | $30.8m | $34.4m | — | $37.8m | $46.8m | $52.2m | $63.7m | $60.1m | — | |
| Capitalized Computer Software, Amortization | — | — | — | — | $2.1m | — | — | — | — | — | — | |
| Depreciation | — | — | — | — | — | — | $51.6m | $64.1m | $75.3m | $80.7m | $82.3m | |
| Amortization Cash Flow | — | — | — | — | — | — | $52.2m | $63.6m | $63.7m | $60.1m | — | |
| Amortization Of Intangibles | — | — | — | — | — | — | $52.2m | $63.6m | $63.7m | $60.1m | $59.1m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $103.8m | $127.7m | $139.0m | $140.8m | $141.4m | |
| Deferred Income Tax Expense (Benefit) | — | — | — | — | $400k | — | — | — | — | — | $3.8m | |
| Deferred income taxes | ($7.5m) | ($9.9m) | ($7.1m) | ($3.4m) | — | $400k | ($3.1m) | ($5.2m) | ($11.0m) | $3.8m | $3.8m | |
| Deferred Income Tax | — | — | — | — | — | — | ($5.2m) | ($14.5m) | ($11.0m) | $3.8m | $3.8m | |
| Deferred Tax | — | — | — | — | — | — | ($5.2m) | ($14.5m) | ($11.0m) | $3.8m | $3.8m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | $10.6m | — | — | — | — | — | $27.4m | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | — | $10.6m | — | — | — | — | — | $27.4m | |
| Stock-based compensation | $3.0m | $4.7m | $7.9m | $11.7m | — | $10.6m | $14.3m | $18.3m | $25.0m | $27.0m | $27.4m | |
| Goodwill, Impairment Loss | — | — | — | — | $0 | — | — | — | — | — | — | |
| Operating Lease, Impairment Loss | — | — | — | — | — | — | — | — | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($148.3m) | ($9.9m) | $1.5m | ($26.4m) | ($16.4m) | |
| Receivables | ($11.4m) | ($18.7m) | ($43.4m) | $6.1m | — | $2.8m | ($92.1m) | ($44.6m) | ($41.6m) | $3.6m | ($7.3m) | |
| Change In Receivables | — | — | — | — | — | — | ($52.2m) | ($6.5m) | ($52.8m) | ($6.3m) | ($7.3m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($44.6m) | ($17.4m) | ($41.6m) | $3.6m | ($7.3m) | |
| Increase (Decrease) in Inventories | — | — | — | — | $7.9m | — | — | — | — | — | ($44.0m) | |
| Inventory | $3.7m | ($600k) | ($38.5m) | ($3.0m) | — | ($7.9m) | ($156.9m) | ($99.3m) | $19.0m | ($42.8m) | ($44.0m) | |
| Inventory Write-down | — | — | — | — | — | — | — | — | — | — | — | |
| Change In Inventory | — | — | — | — | — | — | ($99.3m) | $38.1m | $19.0m | ($42.8m) | ($44.0m) | |
| Accounts payable | ($8.9m) | $8.2m | $40.4m | ($29.0m) | — | ($4.3m) | $74.4m | $8.9m | $29.7m | ($6.2m) | $29.2m | |
| Increase (Decrease) in Accounts Payable | — | — | — | — | ($4.3m) | — | — | — | — | — | $29.2m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | ($300k) | ($37.2m) | $33.2m | $28.9m | $29.2m | |
| Accrued expenses and other liabilities | $15.8m | $10.9m | $4.7m | ($2.9m) | — | $42.7m | $43.0m | ($9.2m) | $11.5m | $35.1m | — | |
| Change In Accrued Expense | — | — | — | — | — | — | ($9.2m) | ($10.0m) | $11.5m | $35.1m | $23.6m | |
| Other | $300k | ($300k) | ($600k) | $900k | — | $3.7m | $6.5m | $2.3m | $900k | ($3.0m) | — | |
| Prepaid expenses and other assets | $5.0m | $200k | ($8.9m) | $7.5m | — | ($11.0m) | ($3.2m) | $3.5m | $2.1m | ($6.2m) | — | |
| Other Operating Income (Expense), Net | — | — | — | — | $6.7m | — | — | — | — | — | — | |
| Net Cash Provided By Operating Activities | $71.0m |
$72.9m
+2.68%
|
$78.1m
+7.13%
|
$130.8m
+67.48%
|
— | $229.4m |
$210.8m
-8.11%
|
$217.2m
+3.04%
|
$283.4m
+30.48%
|
$300.5m
+6.03%
|
$324.5m
+7.99%
|
|
| Net Cash Provided by (Used in) Operating Activities | $72.9m |
$16.3m
-77.64%
|
$78.1m
+379.14%
|
$130.8m
+67.48%
|
$229.4m
+75.38%
|
$210.8m
-8.11%
|
$217.2m
+3.04%
|
$297.5m
+36.97%
|
$283.4m
-4.74%
|
$300.5m
+6.03%
|
$324.5m
+7.99%
|
|
| Cash flows from investing activities: | ||||||||||||
| (Gain) loss on sale of equipment | $400k | $0 | ($400k) | $300k | — | ($400k) | ($100k) | ($800k) | $500k | ($300k) | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | — | $400k | — | — | — | — | — | ($1.7m) | |
| Payments to Acquire Property, Plant, and Equipment | — | — | — | — | $18.6m | — | ($41.7m) | ($36.0m) | ($44.8m) | ($55.1m) | ($74.3m) | |
| Proceeds from the sale of property and equipment | $200k | $300k | $3.5m | $1.0m | — | $1.0m | $2.2m | $2.2m | $5.9m | $9.6m | — | |
| Purchases of property and equipment | ($10.5m) | ($8.8m) | ($14.9m) | ($19.5m) | — | ($18.6m) | ($32.5m) | ($27.1m) | ($40.5m) | ($53.7m) | ($74.3m) | |
| Acquisitions, net of cash acquired | ($100.7m) | ($66.4m) | ($147.7m) | ($71.5m) | — | ($159.4m) | ($147.2m) | ($244.9m) | ($138.2m) | ($37.9m) | ($99.2m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | $159.4m | — | — | — | — | — | ($99.2m) | |
| Net Other Investing Changes | — | — | — | — | — | ($147.2m) | ($244.9m) | ($192.7m) | — | — | — | |
| Net Cash Used In Investing Activities | ($111.0m) | ($74.9m) | ($164.1m) | ($91.9m) | — | ($184.2m) | ($182.0m) | ($284.4m) | ($177.1m) | ($83.4m) | ($162.0m) | |
| Net Cash Provided by (Used in) Investing Activities | — | — | — | — | ($184.2m) | — | — | — | — | — | ($162.0m) | |
| Cash flows from financing activities: | ||||||||||||
| Borrowings on asset-based credit facilities | $364.1m | $355.5m | $406.0m | $273.7m | — | $285.4m | $161.9m | $732.8m | $381.9m | $320.6m | — | |
| Borrowings under term loan | $0 | $570.9m | $447.4m | $0 | — | $0 | $325.0m | $0 | $220.1m | $0 | — | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | $0 | — | — | — | — | — | — | |
| Loss on extinguishment of debt | $1.2m | $1.7m | $700k | $400k | — | $0 | $800k | $600k | $1.8m | $0 | — | |
| Payments of debt issuance costs | ($1.0m) | ($4.2m) | ($2.4m) | ($900k) | — | $0 | ($2.4m) | ($2.3m) | ($2.2m) | $0 | — | |
| Issuance Of Debt | — | — | — | — | — | — | $732.8m | $554.3m | $602.0m | $320.6m | $413.8m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $732.8m | $554.3m | $602.0m | $320.6m | $413.8m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($648.0m) | ($548.5m) | ($622.0m) | ($356.6m) | ($411.6m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $84.8m | $5.8m | ($20.0m) | ($36.0m) | $2.2m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $84.8m | $5.8m | ($20.0m) | ($36.0m) | $2.2m | |
| Net Short Term Debt Issuance | — | — | — | — | — | $0 | $100.0m | ($92.5m) | — | — | ($16.4m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($648.0m) | ($548.5m) | ($622.0m) | ($356.6m) | ($411.6m) | |
| Short Term Debt Issuance | — | — | — | — | — | $161.9m | $732.8m | $434.3m | — | — | $381.9m | |
| Short Term Debt Payments | — | — | — | — | — | ($161.9m) | ($632.8m) | ($526.8m) | — | — | ($398.3m) | |
| Equity proceeds from common stock | $2.2m | $200k | $6.7m | $8.4m | — | $271.5m | $9.3m | $3.6m | $5.6m | $9.7m | — | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | — | — | — | — | — | |
| Proceeds from Issuance of Common Stock | — | — | — | — | $271.5m | — | — | — | — | — | $9.5m | |
| Common Stock Issuance | — | — | — | — | — | — | $3.6m | $5.2m | $5.6m | $9.7m | $9.5m | |
| Common Stock Payments | — | — | — | — | — | — | ($24.4m) | ($12.0m) | ($51.3m) | ($98.3m) | ($154.4m) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $3.6m | $5.2m | $5.6m | $9.7m | $9.5m | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($20.8m) | ($6.8m) | ($45.7m) | ($88.6m) | ($144.9m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($24.4m) | ($12.0m) | ($51.3m) | ($98.3m) | ($154.4m) | |
| Other financing activities | $0 | ($2.1m) | ($400k) | ($500k) | — | ($1.7m) | ($4.7m) | ($8.3m) | ($7.4m) | ($5.2m) | — | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | ($1.7m) | — | — | — | — | — | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($20.6m) | ($17.3m) | ($15.2m) | ($10.0m) | ($10.4m) | |
| Net Cash Used In Financing Activities | $49.7m |
($1.8m)
-103.62%
|
$86.8m
+4922.22%
|
($37.3m)
-142.97%
|
— | ($9.1m) |
($30.4m)
-234.07%
|
$43.4m
+242.76%
|
($80.9m)
-286.41%
|
($134.6m)
-66.38%
|
($153.1m)
-13.74%
|
|
| Net Cash Provided by (Used in) Financing Activities | — | — | — | — | ($9.1m) | — | — | — | — | — | ($153.1m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | $36.2m | — | — | — | — | — | $88.0m | |
| Beginning Cash Position | — | — | — | — | — | — | $53.7m | $29.1m | $82.5m | $107.1m | $78.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | $55.2m | — | — | — | — | — | $88.0m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | $100k | — | — | — | — | — | ($600k) | |
| Effect of exchange rate on cash | ($200k) | $0 | ($200k) | $100k | — | $100k | $100k | ($800k) | ($800k) | $1.0m | ($600k) | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($800k) | $200k | ($800k) | $1.0m | ($600k) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Additional Financial Items | ||||||||||||
| Beginning | $10.6m | $20.1m | $16.7m | $19.0m | — | $55.2m | $53.7m | $29.1m | $107.1m | $190.6m | $78.6m | |
| Cash Flow From Continuing Operating Activities | $71.0m | $72.9m | $78.1m | $130.8m | — | $229.4m | $217.2m | $297.5m | $283.4m | $300.5m | $324.5m | |
| Cash paid during the year for income taxes | $21.9m | $24.3m | $14.5m | $16.0m | — | $25.2m | $55.8m | $82.1m | $57.6m | $37.7m | — | |
| Cash paid during the year for interest | $8.4m | $16.5m | $26.2m | $30.3m | — | $27.3m | $15.6m | $15.5m | $29.8m | $34.7m | — | |
| Distributions to non-controlling interest | — | — | — | — | — | — | — | $0 | $0 | ($1.0m) | — | |
| Goodwill | — | — | — | — | $250.6m | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | — | — | — | — | $27.5m | — | — | — | — | — | — | |
| Income Taxes Paid, Net | — | — | — | — | $25.2m | — | $82.1m | $46.0m | $57.6m | $37.7m | — | |
| Income tax payable | — | — | — | — | — | — | $0 | $7.9m | ($8.0m) | $0 | — | |
| Income tax receivable | $6.3m | $6.6m | ($6.0m) | $3.0m | — | $200k | $3.5m | ($7.6m) | ($11.2m) | ($9.9m) | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | — | — | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | $27.3m | — | $15.5m | $26.8m | $29.8m | $34.7m | — | |
| Net Change In Cash | $9.5m | ($3.8m) | $600k | $1.7m | — | $36.2m | ($1.5m) | ($24.6m) | $24.6m | $83.5m | — | |
| Payments of acquisition related contingent obligations | — | $0 | ($4.0m) | ($3.0m) | — | ($4.8m) | ($8.6m) | ($10.0m) | ($5.6m) | ($3.8m) | — | |
| Payments on finance lease obligations | — | ($5.1m) | ($6.2m) | ($6.5m) | — | ($8.5m) | ($10.4m) | ($12.6m) | ($26.7m) | ($32.5m) | — | |
| Purchases of intangible assets | $0 | ($1.5m) | ($5.0m) | ($1.9m) | — | ($7.2m) | ($4.5m) | ($14.6m) | ($4.3m) | ($1.4m) | — | |
| Repayments on asset-based credit facilities | ($310.4m) | ($392.5m) | ($410.0m) | ($304.0m) | — | ($378.2m) | ($161.9m) | ($632.8m) | ($398.3m) | ($320.2m) | — | |
| Repayments under term loan | ($800k) | ($336.2m) | ($350.3m) | ($4.5m) | — | ($172.8m) | ($338.6m) | ($2.6m) | ($197.0m) | ($3.9m) | — | |
| Repurchases of common shares | ($100k) | ($200k) | $0 | — | — | $0 | $0 | ($24.4m) | ($51.3m) | ($98.3m) | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $43.4m | ($18.3m) | ($80.9m) | ($134.6m) | ($153.1m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($284.4m) | ($226.0m) | ($177.1m) | ($83.4m) | ($162.0m) | |
| Change In Account Payable | — | — | — | — | — | — | $8.9m | ($35.1m) | $29.7m | ($6.2m) | $29.2m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($24.6m) | $53.4m | $24.6m | $83.5m | — | |
| Change In Payable | — | — | — | — | — | — | $8.9m | ($27.2m) | $21.7m | ($6.2m) | $29.2m | |
| Change In Prepaid Assets | — | — | — | — | — | — | $3.5m | ($4.3m) | $2.1m | ($6.2m) | ($10.0m) | |
| Change In Tax Payable | — | — | — | — | — | — | $0 | $7.9m | ($8.0m) | $0 | ($7.9m) | |
| Changes In Cash | — | — | — | — | — | — | ($23.8m) | $53.2m | $25.4m | $82.5m | $9.4m | |
| End Cash Position | — | — | — | — | — | — | $29.1m | $82.5m | $107.1m | $190.6m | $88.0m | |
| Financing Cash Flow | — | — | — | — | — | — | $43.4m |
($18.3m)
-142.17%
|
($80.9m)
-342.08%
|
($134.6m)
-66.38%
|
($153.1m)
-13.74%
|
|
| Free Cash Flow | — | — | — | — | — | — | $175.5m | $261.5m | $238.6m | $245.4m | $250.2m | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | ($800k) | ($500k) | $500k | ($300k) | ($1.8m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($284.4m) | ($226.0m) | ($177.1m) | ($83.4m) | ($162.0m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($244.9m) | ($192.7m) | ($138.2m) | ($37.9m) | ($99.2m) | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | ($14.6m) | ($3.9m) | ($4.3m) | ($1.4m) | ($9.1m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($24.9m) | ($29.4m) | ($34.6m) | ($44.1m) | ($53.7m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($200k) | ($500k) | $2.3m | ($300k) | ($1.7m) | |
| Other Non Cash Items | — | — | — | — | — | — | $3.4m | ($4.4m) | $2.2m | ($1.8m) | — | |
| Purchase Of Business | — | — | — | — | — | — | ($244.9m) | ($192.7m) | ($138.2m) | ($37.9m) | ($99.2m) | |
| Purchase Of Intangibles | — | — | — | — | — | — | ($14.6m) | ($3.9m) | ($4.3m) | ($1.4m) | ($9.1m) | |
| Purchase Of PPE | $8.8m | $14.5m | $14.9m | $19.5m | $18.6m | $32.5m | ($27.1m) | ($32.1m) | ($40.5m) | ($53.7m) | ($74.3m) | |
| Sale Of PPE | — | — | — | — | — | — | $2.2m | $2.7m | $5.9m | $9.6m | $11.5m |