← Utz Brands, Inc.
| Annual Trend | FY 2018 | FY 2019 | 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 From Continuing Operations | — | — | — | ($14.0m) | ($40.0m) | $30.7m | ($7.7m) | ($41.9m) | |
| Net Income (Loss) Attributable to Parent | — | $8.0m |
$20.6m
+157.77%
|
($392k)
-101.91%
|
($24.9m)
-6261.48%
|
$16.0m
+164.06%
|
$800k
-94.99%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | $20.2m |
($392k)
-101.94%
|
($24.9m)
-6252.04%
|
$15.9m
+163.86%
|
$800k
-94.97%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | $8.0m | $8.0m | — | ($40.0m) | $30.7m | ($7.7m) | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | ($12.6m) | — | ($15.1m) | $14.8m | ($8.5m) | — | |
| Depreciation, Depletion and Amortization | $30.4m | $29.3m | $80.7m | $80.7m | $79.5m | $70.9m | $82.4m | $87.8m | |
| Amortization of Debt Issuance Costs | — | — | $3.9m | — | $1.6m | $3.2m | $1.4m | — | |
| Amortization of Intangible Assets | — | — | $37.0m | — | $37.7m | $36.3m | $36.1m | — | |
| Depreciation | $30.4m | $29.3m | $43.1m | $80.7m | $40.5m | $33.4m | $45.0m | $87.8m | |
| Depreciation Amortization Depletion | — | — | — | $86.8m | $79.5m | $70.9m | $82.4m | $87.8m | |
| Amortization of deferred financing costs | $2.4m | $955k | — | $3.9m | $1.9m | $3.2m | $1.4m | — | |
| Deferred Income Tax Expense (Benefit) | — | — | $4.8m | — | ($8.9m) | $14.1m | $2.4m | $5.4m | |
| Deferred Income Tax | — | — | — | ($29.4m) | ($8.9m) | $14.1m | $2.4m | $5.4m | |
| Deferred Tax | — | — | — | ($29.4m) | ($8.9m) | $14.1m | $2.4m | $5.4m | |
| Deferred income taxes | $900k | $1.9m | — | $4.8m | ($29.4m) | $14.1m | $2.4m | $5.4m | |
| Share-based Payment Arrangement, Noncash Expense | — | — | $13.0m | — | $17.1m | $18.3m | $17.1m | $17.2m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | $589k | $1.4m | $2.2m | — | |
| Share-based Payment Arrangement, Expense | — | — | $10.3m | — | $15.3m | $17.4m | $15.3m | $17.2m | |
| Share-based compensation | — | — | — | $13.0m | $10.6m | $18.3m | $17.1m | $17.2m | |
| Asset Impairment Charge | — | — | — | $4.7m | $12.6m | $0 | $600k | $200k | |
| Impairment and other charges | $2.9m | $3.9m | — | $0 | $4.7m | $0 | $600k | — | |
| Other Nonoperating Income (Expense) | — | — | $3.6m | — | $3.1m | $2.5m | $700k | — | |
| Nonoperating Income (Expense) | — | — | $5.5m | — | ($55.3m) | $10.6m | ($20.1m) | — | |
| Changes in operating assets and liabilities: | |||||||||
| Change In Working Capital | — | — | — | ($11.0m) | $9.5m | $21.8m | $47.5m | $55.2m | |
| Increase (Decrease) in Accounts Receivable | — | — | $4.5m | — | ($1.9m) | ($6.8m) | ($19.1m) | $37.7m | |
| Accounts Receivable, Credit Loss Expense (Reversal) | — | — | — | — | $1.2m | $700k | $100k | $37.7m | |
| Change In Receivables | — | — | — | ($5.6m) | $1.9m | $6.8m | $19.1m | $37.7m | |
| Changes In Account Receivables | — | — | — | ($5.6m) | $1.9m | $6.8m | $19.1m | $37.7m | |
| Accounts receivable, net | ($76k) | $11.5m | — | ($4.5m) | ($5.6m) | $6.8m | $19.1m | $37.7m | |
| Purchase of IO routes and other changes in note receivables | ($1.8m) | ($6.3m) | — | ($14.0m) | ($24.7m) | ($42.9m) | ($41.2m) | — | |
| Increase (Decrease) in Inventories | — | — | $10.6m | — | ($12.7m) | $4.6m | $17.9m | ($3.1m) | |
| Change In Inventory | — | — | — | ($38.5m) | $12.7m | ($4.6m) | ($17.9m) | ($3.1m) | |
| Inventories | $2.9m | $3.5m | — | ($10.6m) | ($38.5m) | ($4.6m) | ($17.9m) | ($3.1m) | |
| Increase (Decrease) in Accounts Payable | — | ($103k) | — | — | — | — | — | $47.7m | |
| Accounts payable and accrued expenses and other | $7.5m | $1.2m | — | ($5.5m) | $51.4m | $123.1m | $54.5m | $47.7m | |
| Gain (Loss) on Disposition of Other Assets | — | — | — | ($1.9m) | $7.3m | ($78k) | $9.2m | — | |
| Prepaid expenses and other assets | $583k | ($2.0m) | — | ($2.9m) | ($18.4m) | ($103.5m) | ($8.2m) | — | |
| Net cash provided by operating activities | $15.7m |
($360k)
-102.28%
|
— | $48.4m |
$76.6m
+58.31%
|
$106.2m
+38.64%
|
$112.2m
+5.65%
|
$115.6m
+3.03%
|
|
| Net Cash Provided by (Used in) Operating Activities | $15.7m |
($360k)
-102.28%
|
$48.4m
+13554.40%
|
$48.4m
0.00%
|
$76.6m
+58.39%
|
$106.2m
+38.53%
|
$112.2m
+5.68%
|
$115.6m
+3.03%
|
|
| Cash flows from investing activities: | |||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | $4.7m | $12.1m | $1.1m | $3.0m | $4.3m | $26.6m | $24.6m | ($9.6m) | |
| Payments to Acquire Property, Plant, and Equipment | $13.0m | $20.0m | $31.7m | $31.7m | $55.7m | $98.6m | $102.8m | ($64.5m) | |
| Proceeds from insurance claims for capital investments | — | — | — | $0 | $3.9m | $0 | $0 | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | $0 | $0 | — | $0 | |
| Net Other Investing Changes | — | — | — | ($19.7m) | ($32.7m) | ($38.0m) | ($35.1m) | ($38.3m) | |
| Net cash (used in) provided by investing activities | ($2.2m) | ($115.9m) | — | ($136.1m) | ($76.1m) | $75.0m | ($86.9m) | — | |
| Net Cash Provided by (Used in) Investing Activities | ($2.2m) | ($115.9m) | ($136.1m) | ($136.1m) | ($48.5m) | $75.0m | ($86.9m) | ($45.1m) | |
| Cash flows from financing activities: | |||||||||
| Gain (Loss) on Extinguishment of Debt | — | $4.3m | — | $0 | $0 | ($1.3m) | ($500k) | — | |
| Loss on debt extinguishment | — | $4.3m | — | $0 | $0 | $1.3m | $500k | — | |
| Borrowings on line of credit | — | — | — | $36.0m | $36.0m | $114.5m | $241.0m | — | |
| Borrowings on term debt and notes payable | $1.4m | $121.2m | — | $861.1m | $124.6m | $39.1m | $104.5m | — | |
| Issuance Of Debt | — | — | — | $203.6m | $84.1m | $153.6m | $345.5m | $310.3m | |
| Long Term Debt Issuance | — | — | — | $124.6m | $84.1m | $153.6m | $345.5m | $310.3m | |
| Net Issuance Payments Of Debt | — | — | — | $67.6m | ($15.7m) | ($135.0m) | $80.6m | ($28.4m) | |
| Net Long Term Debt Issuance | — | — | — | $103.6m | ($15.7m) | ($135.0m) | $80.6m | ($28.4m) | |
| Net Short Term Debt Issuance | — | — | $36.0m | ($36.0m) | $368k | ($199k) | — | $0 | |
| Short Term Debt Issuance | — | — | $121.1m | $79.0m | $71.0m | $114.5m | — | $0 | |
| Payment of debt issuance cost | — | $0 | — | ($9.2m) | ($3.7m) | ($733k) | ($1.7m) | — | |
| Long Term Debt Payments | — | — | — | ($21.0m) | ($99.8m) | ($288.6m) | ($264.9m) | ($338.7m) | |
| Repayment Of Debt | — | — | — | ($136.0m) | ($99.8m) | ($288.6m) | ($264.9m) | ($338.7m) | |
| Short Term Debt Payments | — | — | ($85.1m) | ($115.0m) | ($70.6m) | ($114.7m) | — | $0 | |
| Repayments on term debt and notes payable | ($5.6m) | ($135.1m) | — | ($795.5m) | ($21.0m) | ($173.7m) | ($23.9m) | — | |
| Issuance Of Capital Stock | — | — | $0 | $28.0m | $0 | $0 | — | $0 | |
| Proceeds from Issuance of Common Stock | — | — | — | — | $0 | $0 | — | $0 | |
| Common Stock Issuance | — | — | $0 | $28.0m | $0 | $0 | — | $0 | |
| Common Stock Dividend Paid | — | — | — | ($17.2m) | ($18.5m) | ($21.7m) | ($22.3m) | ($22.5m) | |
| Dividends paid | $0 | $0 | $11.9m | ($11.9m) | $18.5m | $21.7m | $22.3m | ($22.5m) | |
| Payments of Dividends | — | — | $11.9m | — | $18.5m | $21.7m | $22.3m | ($22.5m) | |
| Dividends Payable, Current | — | — | $4.2m | — | $8.0m | $8.6m | $9.0m | — | |
| Dividends Payable | — | — | $4.2m | — | — | — | — | — | |
| Cash Dividends Paid | — | — | — | ($17.2m) | ($18.5m) | ($21.7m) | ($22.3m) | ($22.5m) | |
| Net Other Financing Charges | — | — | — | ($19.5m) | ($14.8m) | ($20.4m) | ($19.3m) | ($15.6m) | |
| Net cash provided (used in) by financing activities | ($16.4m) |
$96.0m
+686.76%
|
— | $82.8m |
$58.9m
-28.84%
|
($177.0m)
-400.50%
|
$39.0m
+122.03%
|
— | |
| Net Cash Provided by (Used in) Financing Activities | ($16.4m) |
$96.0m
+686.76%
|
$82.8m
-13.80%
|
$82.8m
0.00%
|
($49.1m)
-159.26%
|
($177.0m)
-260.84%
|
$39.0m
+122.03%
|
($66.5m)
-270.51%
|
|
| Net increase (decrease) in cash and cash equivalents | ($2.8m) | ($360k) | — | ($4.9m) | $31.0m | $4.1m | $64.3m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($2.8m) | ($360k) | ($4.9m) | ($4.9m) | ($20.9m) | $4.1m | $64.3m | $58.6m | |
| Beginning Cash Position | — | — | — | $41.9m | $72.9m | $52.0m | $56.1m | $54.6m | |
| Cash and cash equivalents at beginning of period | $6.9m | $15.1m | — | $41.9m | $72.9m | $56.1m | $120.4m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $41.9m | — | $52.0m | $56.1m | $120.4m | $58.6m | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Gain (Loss) on Disposition of Assets | — | — | $1.9m | ($1.9m) | ($7.3m) | ($78k) | $9.2m | — | |
| Gain (Loss) on Disposition of Intangible Assets | — | — | $731k | ($1.9m) | $7.3m | $78k | ($9.2m) | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | $44.0m | $0 | — | |
| Income Tax Expense (Benefit) | — | — | $8.1m | — | $757k | $38.7m | $7.1m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | $44.9m | $43.1m | — | |
| Additional Financial Items | |||||||||
| General and Administrative Expense | — | $998k | $125.9m | — | $159.2m | $129.6m | $144.3m | — | |
| Goodwill | — | — | $915.4m | — | $915.3m | $870.7m | $865.2m | $200k | |
| Investment Income, Interest | — | $9.0m | — | — | — | — | — | — | |
| Proceeds from Contributed Capital | — | — | $0 | — | — | — | — | — | |
| Cash Flow From Continuing Operating Activities | $15.7m | ($360k) | — | $48.2m | $76.6m | $106.2m | $112.2m | $115.6m | |
| Cash Flow From Continuing Financing Activities | — | — | — | $58.9m | ($49.0m) | ($177.1m) | $39.0m | ($66.5m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | ($76.1m) | ($48.5m) | $75.0m | ($86.9m) | ($45.1m) | |
| Change In Account Payable | — | — | — | $51.4m | $9.3m | $123.1m | $54.5m | $47.7m | |
| Change In Payable | — | — | — | $51.4m | $9.3m | $123.1m | $54.5m | $47.7m | |
| Change In Prepaid Assets | — | — | — | ($18.4m) | ($14.4m) | ($103.5m) | ($8.2m) | $11.6m | |
| Changes In Cash | — | — | — | $31.0m | ($20.9m) | $4.1m | $64.3m | $4.0m | |
| End Cash Position | — | — | — | $72.9m | $52.0m | $56.1m | $120.4m | $58.6m | |
| Financing Cash Flow | — | — | — | $58.9m |
($49.0m)
-183.18%
|
($177.1m)
-261.43%
|
$39.0m
+122.02%
|
($66.5m)
-270.51%
|
|
| Free Cash Flow | — | — | — | ($39.8m) | $20.9m | ($1.6m) | $9.4m | $51.1m | |
| Gain Loss On Investment Securities | — | — | — | ($720k) | ($2.2m) | ($10.2m) | ($22.8m) | ($32.6m) | |
| Gain Loss On Sale Of Business | — | — | — | $0 | $0 | ($44.0m) | $0 | ($15k) | |
| Investing Cash Flow | — | — | — | ($76.1m) | ($48.5m) | $75.0m | ($86.9m) | ($45.1m) | |
| Net Business Purchase And Sale | — | — | — | ($75k) | $0 | $167.5m | $0 | $0 | |
| Net Intangibles Purchase And Sale | — | — | — | $23.4m | $28.7m | $17.5m | $26.4m | $32.6m | |
| Net PPE Purchase And Sale | — | — | — | ($83.6m) | ($46.2m) | ($72.0m) | ($78.2m) | ($39.4m) | |
| Operating Gains Losses | — | — | — | ($1.4m) | $5.2m | ($52.8m) | ($31.5m) | ($9.6m) | |
| Other Non Cash Items | — | — | — | $1.9m | $1.6m | $3.2m | $1.4m | — | |
| Proceeds From Stock Option Exercised | — | — | $57.2m | $0 | $0 | — | — | — | |
| Purchase Of Business | — | — | ($117.6m) | ($75k) | $0 | $0 | — | $0 | |
| Purchase Of Intangibles | — | — | — | $0 | $0 | ($9.2m) | $0 | ($20k) | |
| Purchase Of PPE | — | — | — | ($88.0m) | ($55.7m) | ($98.6m) | ($102.8m) | ($64.5m) | |
| Sale Of Intangibles | — | — | — | $23.4m | $28.7m | $26.7m | $26.4m | $32.6m | |
| Sale Of PPE | — | — | — | $4.3m | $9.5m | $26.6m | $24.6m | $25.1m | |
| Stock Based Compensation | — | — | — | $10.6m | $17.1m | $18.3m | $17.1m | $17.2m | |
| Net (loss) income | ($27.6m) | $8.0m | — | $8.0m | ($14.0m) | $30.7m | ($7.7m) | — | |
| Gain on sale of business | — | — | — | — | $0 | ($44.0m) | $0 | — | |
| Gain on remeasurement of warrant liability | — | $0 | — | ($36.7m) | ($720k) | ($10.2m) | ($22.8m) | — | |
| (Gain) loss on sale of assets | — | — | — | ($1.9m) | $7.3m | $78k | ($9.2m) | — | |
| Purchases of intangibles | — | — | — | ($1.8m) | $0 | ($9.2m) | $0 | — | |
| Proceeds from sale of routes | $4.3m | $3.0m | — | $14.2m | $23.4m | $26.7m | $26.4m | — | |
| Proceeds from the sale of IO notes | — | $33.2m | — | $11.8m | $5.0m | $4.9m | $6.1m | — | |
| Repayments on line of credit | — | — | — | ($85.1m) | ($70.6m) | ($114.7m) | ($241.0m) | — | |
| Payments of tax withholding requirements for employee stock awards | — | — | — | $0 | ($6.2m) | ($1.4m) | ($2.2m) | — | |
| Net Investment Purchase And Sale | — | — | — | $3.9m | $1.7m | $0 | $0 | $0 | |
| Sale Of Investment | — | — | — | $3.9m | $1.7m | $0 | $0 | $0 | |
| Distribution to noncontrolling interest | ($1.9m) | ($2.5m) | — | ($19.0m) | ($9.6m) | ($18.3m) | ($15.4m) | — | |
| Supplemental disclosure of cash flow information: | |||||||||
| Change In Cash Supplemental As Reported | — | — | — | $31.0m | ($20.9m) | $4.1m | $64.3m | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $31.6m | $41.7m | $46.9m | $45.0m | $44.9m | — | |
| Income Taxes Paid, Net | — | — | $3.7m | $7.0m | — | — | $3.5m | — |