← SelectQuote, Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
| Net Income (Loss) Attributable to Parent | $34.9m |
$72.6m
+107.97%
|
$81.1m
+11.81%
|
$131.0m
+61.49%
|
($297.5m)
-327.02%
|
($58.5m)
+80.32%
|
($34.1m)
+41.71%
|
$47.6m
+239.43%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | $34.9m |
$72.6m
+107.97%
|
($16.0m)
-122.05%
|
$131.0m
+918.83%
|
($297.5m)
-327.02%
|
($58.5m)
+80.32%
|
($34.1m)
+41.71%
|
$25.0m
+173.35%
|
|
| Depreciation, Depletion and Amortization | $3.5m | $4.7m | $8.0m | $16.1m | $24.7m | $27.9m | $25.0m | $20.5m | |
| Amortization of Debt Issuance Costs | — | — | $2.3m | $3.3m | $5.5m | — | — | — | |
| Amortization of Debt Issuance Costs and Discounts | — | — | $2.3m | $3.3m | $5.5m | $8.7m | $6.1m | $5.2m | |
| Amortization of Intangible Assets | — | — | $500k | $4.6m | $6.6m | $5.4m | $3.3m | $4.0m | |
| Capitalized Computer Software, Amortization | — | — | $2.2m | $3.9m | $6.3m | $7.9m | $8.9m | $8.0m | |
| Depreciation | $3.5m | $4.7m | $5.2m | $7.7m | $11.8m | $14.5m | $12.8m | $8.4m | |
| Amortization of debt issuance costs and debt discount | $70k | $123k | $2.3m | $3.3m | $5.5m | $8.7m | $6.1m | $5.2m | |
| Depreciation, Amortization and Accretion, Net | $3.5m | $4.7m | $8.0m | $16.1m | $24.7m | $27.9m | $25.0m | $20.5m | |
| Deferred Income Tax Expense (Benefit) | — | — | $25.0m | $34.7m | ($92.8m) | ($11.2m) | $1.2m | $1.5m | |
| Deferred income taxes | $6.6m | $22.0m | $25.0m | $34.7m | ($92.7m) | ($11.2m) | $1.2m | $1.8m | |
| Share-based Payment Arrangement, Noncash Expense | — | — | $9.5m | $5.2m | $7.1m | $11.3m | $13.8m | $18.4m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | $10.4m | $148k | $40k | $374k | $5.0m | |
| Share-based Payment Arrangement, Expense | — | — | $9.5m | $4.7m | $6.5m | $11.2m | $13.8m | $18.4m | |
| Share-based compensation expense | $67k | $86k | $9.5m | $5.2m | $7.1m | $11.3m | $13.8m | $18.4m | |
| Goodwill, Impairment Loss | — | — | — | $0 | $44.6m | $0 | $0 | $0 | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | $0 | — | $0 | — | |
| Impairment of long-lived assets | — | — | $0 | $0 | $3.1m | $17.3m | $0 | $4.2m | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | ($121k) | ($65k) | ($128k) | |
| Changes in operating assets and liabilities: | |||||||||
| Increase (Decrease) in Accounts Receivable | — | — | $15.6m | $27.8m | $25.7m | $24.8m | ($5.2m) | $5.6m | |
| Accounts receivable, net | ($6.3m) | ($8.7m) | ($15.6m) | ($27.8m) | ($25.7m) | ($24.8m) | $5.2m | ($5.6m) | |
| Increase (Decrease) in Accounts Payable | — | — | $15.7m | $19.7m | ($4.5m) | ($3.6m) | $7.3m | $19.2m | |
| Accounts payable and accrued expenses | $3.1m | $2.8m | $15.7m | $19.7m | ($4.5m) | ($3.6m) | $7.3m | $19.2m | |
| Capital expenditures in accounts payable and accrued expenses | $373k | $250k | $241k | $444k | $655k | $273k | $1.7m | $586k | |
| Accrued interest payable in kind | — | — | — | $0 | $0 | $12.0m | $19.6m | $14.0m | |
| Other assets | $389k | ($3.0m) | ($3.4m) | $4.8m | ($10.9m) | $169k | ($2.0m) | ($6.3m) | |
| Other liabilities | ($1.5m) | $947k | $12.0m | $25.6m | $401k | $3.3m | $15.6m | ($5.5m) | |
| Net Cash Provided by (Used in) Operating Activities | ($4.8m) |
$113k
+102.33%
|
($61.8m)
-54769.03%
|
($115.4m)
-86.87%
|
($338.3m)
-193.06%
|
($19.4m)
+94.27%
|
$15.2m
+178.63%
|
($11.7m)
-176.57%
|
|
| Cash flows from investing activities: | |||||||||
| Payments to Acquire Property, Plant, and Equipment | ($5.4m) | ($3.9m) | $9.4m | $14.9m | $24.8m | $1.4m | $3.4m | $2.2m | |
| Gain (Loss) on Disposition of Property Plant Equipment | $0 | $0 | ($360k) | ($686k) | ($1.5m) | ($754k) | ($536k) | ($240k) | |
| Cash, Cash Equivalents, and Short-term Investments | — | — | — | — | — | — | — | $35.7m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $35.8m | $41.0m | $6.9m | $0 | $3.4m | $0 | |
| Net Cash Provided by (Used in) Investing Activities | ($6.0m) | ($8.6m) | ($51.4m) | ($64.0m) | ($42.6m) | ($9.1m) | ($14.8m) | ($11.3m) | |
| Cash flows from financing activities: | |||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | ($3.3m) | $0 | $0 | — | — | |
| Write-off of debt issuance costs | $0 | $0 | $237k | $2.6m | $0 | $710k | $293k | $93k | |
| Bad debt expense | — | — | — | — | — | $0 | $0 | $4.2m | |
| Payments on other debt | — | — | ($31.4m) | ($251k) | ($184k) | ($158k) | ($149k) | ($312k) | |
| Payments of debt issuance costs | ($103k) | ($258k) | ($7.9m) | ($885k) | ($328k) | ($10.1m) | ($1.5m) | ($2.5m) | |
| Payments for Repurchase of Common Stock | — | — | $0 | $0 | — | — | — | — | |
| Payments of Ordinary Dividends, Common Stock | — | — | $275.0m | $0 | $0 | — | — | — | |
| Proceeds from common stock options exercised and employee stock purchase plan | $565k | $4.3m | $5.5m | $1.9m | $3.2m | $1.2m | $81k | $98k | |
| Senior Non-Convertible Preferred Stock accumulated dividends | — | — | — | — | — | $0 | $0 | $17.1m | |
| Payments of tax withholdings related to net share settlement of equity awards | — | $0 | $0 | ($10.4m) | ($148k) | ($40k) | ($374k) | ($5.0m) | |
| Net Cash Provided by (Used in) Financing Activities | $11.5m |
$8.1m
-29.15%
|
$481.4m
+5818.21%
|
$97.0m
-79.84%
|
$235.4m
+142.61%
|
($29.3m)
-112.46%
|
($40.9m)
-39.25%
|
$17.4m
+142.48%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $368.3m | ($82.4m) | ($145.5m) | ($57.8m) | ($40.5m) | ($5.6m) | |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH —Beginning of period | $958k | $570k | $368.9m | $286.5m | $141.0m | $83.2m | $42.7m | $37.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $368.9m | $286.5m | $141.0m | $83.2m | $42.7m | $37.1m | |
| NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | $616k | ($388k) | $368.3m | ($82.4m) | ($145.5m) | ($57.8m) | ($40.5m) | ($5.6m) | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Supplemental disclosure of cash flow information: | |||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | ($786k) | ($1.5m) | $23.5m | $26.0m | $38.0m | $59.0m | $67.0m | $60.6m | |
| Income Taxes Paid, Net | — | — | ($64k) | $214k | ($169k) | ($306k) | ($594k) | ($3.2m) | |
| Additional Financial Items | |||||||||
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | — | — | ($200k) | |
| General and Administrative Expense | — | — | $35.3m | $63.1m | $89.8m | — | — | — | |
| Goodwill | — | — | $46.6m | $68.0m | $29.1m | $29.1m | $29.4m | $29.4m | |
| Income Tax Expense (Benefit) | — | — | $25.0m | $34.8m | ($92.3m) | ($10.6m) | $5.1m | $931k | |
| Interest Expense Nonoperating | — | — | — | — | — | — | $93.6m | $79.4m | |
| Operating Expenses | — | — | $377.5m | $709.7m | $1.0b | $928.4m | — | — | |
| Proceeds from Stock Options Exercised | — | — | $5.5m | $1.9m | $3.2m | $1.2m | $81k | $98k | |
| Provision for Loan, Lease, and Other Losses | — | — | — | — | — | — | — | $4.2m | |
| Restructuring Costs | — | — | $153k | — | — | — | — | — | |
| Change in fair value of warrants | — | — | — | — | — | $0 | $0 | ($59.5m) | |
| Non-cash lease expense | — | $0 | $0 | $3.8m | $4.1m | $4.2m | $2.3m | $3.9m | |
| Commissions receivable | ($46.4m) | ($91.6m) | ($197.4m) | ($332.9m) | $7.3m | ($1.9m) | ($40.8m) | ($69.5m) | |
| Operating lease liabilities | — | $0 | $0 | ($3.8m) | ($5.1m) | ($5.6m) | ($4.9m) | ($4.7m) | |
| Purchases of software and capitalized software development costs | ($624k) | ($4.7m) | ($6.1m) | ($8.1m) | ($9.9m) | ($7.7m) | ($8.3m) | ($9.1m) | |
| Acquisition of business | $0 | $0 | ($35.8m) | ($41.0m) | ($6.9m) | $0 | ($3.4m) | $0 | |
| Proceeds from Revolving Credit Facility | $91.3m | $135.6m | $88.0m | $0 | $50.0m | $0 | $0 | $166.9m | |
| Payments on Revolving Credit Facility | ($76.0m) | ($144.3m) | ($99.0m) | $0 | ($50.0m) | $0 | $0 | ($166.9m) | |
| Payments on Term Loans | ($2.0m) | ($1.4m) | ($31.4m) | ($251k) | ($3.6m) | ($17.8m) | ($38.9m) | ($388.2m) | |
| Proceeds on ABS Notes | — | — | — | — | — | $0 | $0 | $99.1m | |
| Payments on ABS Notes | — | — | — | — | — | $0 | $0 | ($16.6m) | |
| Proceeds from issuance of Senior Non-Convertible Preferred Stock | — | — | — | — | — | $0 | $0 | $337.9m | |
| Senior Non-Convertible Preferred Stock issuance costs | $0 | $0 | ($7.0m) | ($5.7m) | $0 | $0 | $0 | ($7.1m) | |
| Payment of acquisition holdback | — | — | $0 | $0 | ($5.5m) | ($2.4m) | $0 | $0 | |
| Payment of income taxes, net | ($35k) | ($40k) | $64k | ($214k) | ($169k) | ($306k) | ($594k) | ($3.2m) | |
| Issuance of liability-classified warrants | — | — | — | — | — | $0 | $0 | $137.6m | |
| Senior Non-Convertible Preferred Stock accretion | — | — | — | — | — | $0 | $0 | $5.5m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.