← VEECO INSTRUMENTS 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 (Loss), Including Portion Attributable to Noncontrolling Interest | ($122.2m) | ($44.8m) | ($407.1m) | ($78.7m) | ($8.4m) | $26.0m | $166.9m | ($30.4m) | $73.7m | $35.4m | — | |
| Depreciation, Depletion and Amortization | $32.6m | $50.1m | $50.0m | $34.4m | $30.7m | $26.1m | $25.6m | $25.0m | $25.1m | $20.0m | $20.0m | |
| Amortization of Debt Issuance Costs and Discounts | — | $10.4m | $11.8m | $12.7m | $13.8m | $13.8m | $962k | $1.1m | $1.3m | $1.1m | — | |
| Amortization of Intangible Assets | $19.2m | $35.5m | $32.4m | $17.1m | $15.3m | $12.3m | $10.0m | $8.5m | $7.0m | $3.1m | — | |
| Depreciation | $13.4m | $14.6m | $17.6m | $17.3m | $15.4m | $13.8m | $15.6m | $16.5m | $18.2m | $16.9m | $20.0m | |
| Deferred Income Tax Expense (Benefit) | $940k | ($33.9m) | ($27.6m) | $360k | ($299k) | ($651k) | ($118.0m) | ($2.2m) | ($8.7m) | ($3.0m) | ($5.6m) | |
| Share-based Payment Arrangement, Noncash Expense | $15.7m | $24.4m | $16.1m | $15.3m | $12.7m | $15.2m | $23.0m | $28.6m | $35.9m | $37.0m | $36.4m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $2.6m | $8.7m | $3.1m | $3.0m | $2.3m | $9.0m | $8.2m | $11.0m | $16.1m | $9.1m | — | |
| Share-based Payment Arrangement, Expense | $15.7m | $24.4m | $16.1m | $15.3m | $12.7m | $15.2m | $23.0m | $28.6m | $35.9m | $37.0m | $36.4m | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | — | — | — | — | $404k | — | — | |
| Goodwill, Impairment Loss | — | $0 | $122.8m | — | — | — | — | — | — | — | $0 | |
| Other Nonoperating Income (Expense) | — | — | — | ($21.0m) | ($7.8m) | ($5.0m) | — | ($97.1m) | — | ($653k) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $8.7m | ($4.5m) | — | — | — | — | — | — | — | — | ($24.3m) | |
| Increase (Decrease) in Inventories | $5.4m | ($6.3m) | $24.7m | ($15.0m) | $11.5m | $24.8m | $37.3m | $35.2m | $8.3m | $28.6m | ($28.2m) | |
| Other Operating Income (Expense), Net | ($223k) | $392k | ($368k) | $42k | $221k | ($68k) | ($317k) | ($1.0m) | $22.3m | $889k | — | |
| Net Cash Provided by (Used in) Operating Activities | ($23.8m) |
$34.1m
+243.21%
|
($37.7m)
-210.52%
|
($7.4m)
+80.35%
|
$43.0m
+680.11%
|
$67.7m
+57.46%
|
$108.5m
+60.14%
|
$61.7m
-43.15%
|
$63.8m
+3.47%
|
$69.5m
+8.90%
|
$57.4m
-17.35%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $11.5m | $24.3m | $12.7m | $10.9m | $6.8m | $40.6m | $24.6m | $27.9m | $18.1m | $16.2m | ($14.5m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $401.8m | $2.7m | — | — | — | — | $30.4m | — | — | $0 | |
| Payments for (Proceeds from) Other Investing Activities | $230k | — | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | $46.7m | ($357.8m) | ($18.3m) | ($75.9m) | ($71.8m) | $44.5m | ($68.9m) | ($53.3m) | ($64.5m) | ($41.5m) | ($38.3m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $340k | $1.2m | — | — | — | — | — | — | — | — | ($5.2m) | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | ($7.8m) | ($4.0m) | — | ($97.1m) | — | — | — | |
| Payments for Repurchase of Common Stock | $13.3m | $2.9m | $11.5m | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | ($14.6m) |
$325.9m
+2327.28%
|
($11.5m)
-103.52%
|
$126k
+101.10%
|
$29.1m
+22993.65%
|
($122.0m)
-519.37%
|
($4.5m)
+96.27%
|
($4.7m)
-2.86%
|
($12.6m)
-168.78%
|
($10.5m)
+16.77%
|
($14.8m)
-40.90%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($20k) | $42k | ($67.5m) | ($83.1m) | $332k | ($9.8m) | $35.0m | $3.6m | ($13.3m) | $17.6m | $179.4m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $8.2m | $3.1m | $213.1m | $130.0m | $130.3m | $120.5m | $155.5m | $159.1m | $145.8m | $163.5m | $179.4m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $225k | $4.7m | $9.7m | $9.4m | $12.7m | $12.6m | $10.1m | $11.8m | $9.5m | $8.2m | — | |
| Income Taxes Paid, Net | $1.7m | $1.9m | $4.8m | $2.9m | $329k | ($139k) | $1.4m | $5.1m | $3.0m | $87k | — | |
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | $430k | — | — | — | — | — | — | — | — | — | — | |
| Goodwill | $114.9m | $307.1m | $184.3m | $181.9m | $181.9m | $181.9m | $181.9m | $215.0m | $215.0m | $215.0m | $0 | |
| Income Tax Expense (Benefit) | $2.8m | ($36.1m) | ($26.7m) | $777k | ($73k) | ($358k) | ($116.0m) | $2.0m | ($4.9m) | $4.0m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $11.0m | $9.1m | — | |
| Investment Income, Interest | $1.2m | $2.3m | $3.2m | $4.7m | $1.6m | $2.3m | $2.2m | $10.6m | $12.9m | $13.5m | — | |
| Operating Expenses | $253.3m | $248.1m | $609.2m | $197.8m | $171.7m | $185.6m | $202.9m | $215.1m | $237.0m | $229.7m | — | |
| Proceeds from Stock Options Exercised | — | — | — | — | — | $37k | — | $56k | $373k | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $542.1m | $419.3m | $454.2m | $583.3m | $646.1m | $666.4m | $717.3m | $664.3m | — |