← Turtle Beach Corp
| 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 | ($87.2m) |
($3.2m)
+96.27%
|
$39.2m
+1306.59%
|
$17.9m
-54.21%
|
$38.7m
+115.93%
|
$17.7m
-54.26%
|
($59.5m)
-436.02%
|
($17.7m)
+70.31%
|
$16.2m
+191.54%
|
$15.7m
-2.79%
|
— | |
| Depreciation, Depletion and Amortization | $5.1m | $4.1m | $4.0m | $4.6m | $4.4m | $4.1m | $4.6m | $3.8m | $4.4m | $4.4m | $11.8m | |
| Amortization of Debt Issuance Costs | $1.3m | $1.6m | $1.1m | $189k | $189k | $189k | $189k | $141k | $902k | $971k | — | |
| Amortization of Intangible Assets | $4.1m | $348k | $303k | $642k | $889k | $1.3m | $1.2m | $1.0m | $7.0m | $8.1m | — | |
| Deferred Income Tax Expense (Benefit) | ($547k) | $181k | $549k | ($7.5m) | $468k | $1.1m | $6.2m | ($44k) | ($6.9m) | $115k | ($573k) | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | $255k | $325k | $463k | — | — | — | — | — | |
| Share-based Payment Arrangement, Expense | $4.0m | $1.4m | $1.9m | $3.6m | $5.5m | $7.7m | $8.0m | $12.0m | $6.2m | $6.2m | $5.9m | |
| Goodwill and Intangible Asset Impairment | $63.2m | $0 | $0 | — | — | — | $1.9m | — | — | — | — | |
| Goodwill, Impairment Loss | $31.2m | — | — | — | — | — | $0 | $0 | $0 | $0 | $0 | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | — | — | $1.9m | — | — | — | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | — | — | — | $0 | $0 | $0 | — | |
| Operating Lease, Impairment Loss | — | — | — | — | — | — | — | — | $800k | — | — | |
| Other Nonoperating Income (Expense) | ($2.4m) | $463k | ($7.8m) | $2.2m | $3.8m | $101k | ($1.8m) | ($394k) | ($1.3m) | ($945k) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | ($4.1m) | ($3.1m) | $7.0m | ($9.9m) | $1.8m | ($9.7m) | $4.8m | $5.8m | $15.6m | ($17.1m) | ($1.2m) | |
| Increase (Decrease) in Inventories | $7.0m | $7.5m | $25.4m | ($7.3m) | $30.7m | $32.2m | ($22.1m) | ($27.3m) | $12.3m | $983k | $17.7m | |
| Inventory Write-down | $11.4m | $1.7m | $3.4m | $3.5m | $5.1m | $1.6m | $4.8m | $810k | $5.7m | $3.0m | — | |
| Increase (Decrease) in Accounts Payable | ($5.1m) | $1.5m | $4.1m | ($393k) | $18.7m | ($2.8m) | ($23.4m) | $1.8m | ($4.0m) | ($10.0m) | ($6.5m) | |
| Net Cash Provided by (Used in) Operating Activities | ($1.8m) |
$3.4m
+286.78%
|
$42.2m
+1136.07%
|
$39.4m
-6.80%
|
$51.0m
+29.65%
|
($327k)
-100.64%
|
($41.8m)
-12696.94%
|
$27.0m
+164.63%
|
$5.8m
-78.70%
|
$35.5m
+515.48%
|
$34.0m
-4.04%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $3.2m | $4.4m | $5.1m | $1.9m | $5.7m | $5.6m | $3.5m | $2.2m | $4.9m | $1.4m | ($1.8m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($15k) | ($9k) | ($111k) | ($28k) | ($42k) | — | — | — | — | — | $1.9m | |
| Unrealized Gain (Loss) on Investments | — | — | ($5.3m) | $1.6m | $0 | — | — | — | — | — | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $0 | — | — | $12.7m | — | $2.5m | — | — | $77.3m | ($2.5m) | $0 | |
| Net Cash Provided by (Used in) Investing Activities | ($3.2m) | ($4.4m) | ($5.1m) | ($14.6m) | ($5.7m) | ($8.1m) | ($3.5m) | ($2.2m) | ($82.2m) | $1.1m | ($1.8m) | |
| Cash flows from financing activities: | ||||||||||||
| Debt and Equity Securities, Gain (Loss) | — | — | — | $1.6m | — | — | — | — | — | — | — | |
| Gain (Loss) on Extinguishment of Debt | $0 | $0 | ($1.6m) | — | — | — | — | — | — | ($1.9m) | — | |
| Payments for Repurchase of Common Stock | $0 | $0 | $246k | $2.5m | — | $4.9m | — | $974k | $27.8m | $19.0m | — | |
| Proceeds from Issuance of Common Stock | $6.0m | $0 | $0 | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | $4.2m |
($162k)
-103.85%
|
($35.1m)
-21584.57%
|
($24.2m)
+31.17%
|
($7.4m)
+69.35%
|
($56k)
+99.24%
|
$19.7m
+35289.29%
|
($17.8m)
-190.56%
|
$71.1m
+498.13%
|
($32.6m)
-145.86%
|
($23.2m)
+28.75%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($85k) | $219k | ($210k) | $1.2m | $38.4m | ($9.0m) | ($26.3m) | $7.3m | ($5.7m) | $4.0m | $20.7m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $8.2m | $46.7m | $37.7m | $11.4m | $18.7m | $13.0m | $17.0m | $20.7m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($85k) | $219k | ($210k) | $556k | $458k | ($457k) | ($635k) | $291k | ($335k) | ($3k) | ($1.2m) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $2.1m | $2.0m | $1.5m | $769k | $309k | $194k | $979k | $500k | $7.1m | $7.0m | — | |
| Income Taxes Paid, Net | $0 | $0 | $0 | $2.3m | $8.0m | $6.6m | ($2.4m) | $63k | $193k | $2.5m | — | |
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), Unrealized | — | — | — | — | — | — | — | ($394k) | — | — | — | |
| Gain (Loss) on Disposition of Intangible Assets | — | — | — | — | — | — | ($1.9m) | — | — | — | — | |
| General and Administrative Expense | $19.6m | $15.7m | $16.7m | $21.8m | $25.6m | $31.6m | $32.6m | $31.3m | $28.4m | $30.4m | — | |
| Goodwill | $0 | $0 | $0 | $8.5m | $8.2m | $10.7m | $10.7m | $10.7m | $52.9m | $50.4m | $0 | |
| Income Tax Expense (Benefit) | ($387k) | $593k | $1.7m | ($6.2m) | $13.7m | $2.4m | $5.1m | $338k | ($5.5m) | $1.1m | — | |
| Operating Expenses | $120.3m | $46.2m | $54.7m | $68.3m | $84.6m | $108.0m | $100.7m | $91.9m | $109.0m | $91.8m | — | |
| Operating Lease, Expense | — | — | — | $1.0m | $1.3m | $1.4m | $1.4m | $1.5m | $1.6m | $2.8m | — | |
| Payments of Financing Costs | $1.2m | $73k | $612k | — | — | — | — | $80k | $2.9m | $2.3m | — | |
| Proceeds from Stock Options Exercised | $0 | $0 | $4.2m | $330k | $4.2m | $5.3m | $653k | $2.3m | $3.4m | $2.0m | — |