← WORTHINGTON ENTERPRISES, 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) Attributable to Parent | $143.7m |
$204.5m
+42.31%
|
$194.8m
-4.75%
|
$153.5m
-21.22%
|
$78.8m
-48.65%
|
$723.8m
+818.57%
|
$379.4m
-47.58%
|
$256.5m
-32.38%
|
$110.6m
-56.88%
|
$96.1m
-13.17%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $157.6m | $217.9m | $200.8m | $163.3m | $84.4m | $741.5m | $399.3m | $269.2m | $117.8m | $95.0m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $13.9m | $13.4m | $6.1m | $9.8m | $5.6m | $17.7m | $19.9m | $12.6m | $7.2m | ($1.1m) | — | |
| Depreciation and amortization | $84.7m | $86.8m | $103.4m | $95.6m | $92.7m | $87.7m | $98.8m | $112.8m | $80.7m | $48.3m | $57.3m | |
| Amortization of Intangible Assets | $15.8m | $13.5m | $19.7m | $15.3m | $12.9m | $12.3m | $14.9m | $18.2m | $11.8m | $13.7m | — | |
| Depreciation | $68.9m | $73.3m | $83.7m | $80.3m | $79.4m | $74.8m | $83.3m | $94.0m | $36.8m | $34.5m | $57.3m | |
| Deferred Income Tax Expense (Benefit) | $7.4m | $18.4m | ($38.2m) | $17.4m | ($1.3m) | $4.8m | $19.2m | ($15.5m) | $3.0m | ($18.4m) | $8.4m | |
| Share-based Payment Arrangement, Expense | $15.8m | $14.3m | $13.8m | $11.7m | $11.9m | $19.1m | $16.1m | $19.2m | $16.7m | $16.2m | $13.7m | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | — | — | — | — | ($14.2m) | — | — | |
| Goodwill, Impairment Loss | — | — | $9.7m | — | — | — | — | — | — | — | $358k | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | — | — | — | — | — | — | $16.1m | — | — | — | |
| Income (Loss) from Equity Method Investments | $115.0m | $110.0m | $103.1m | $97.0m | $114.8m | $123.3m | $213.6m | $161.0m | $167.7m | $144.8m | — | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | — | ($1.2m) | ($17.1m) | ($3.2m) | — | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | $29.5m | $8.0m | $13.4m | ($7.3m) | ($8.1m) | $32.3m | $113.6m | ($79.9m) | ($5.7m) | ($8.8m) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Inventories | ($66.4m) | $34.6m | $84.7m | $33.6m | ($62.1m) | $169.7m | $118.5m | ($160.1m) | ($63.6m) | ($11.5m) | ($11.6m) | |
| Increase (Decrease) in Accounts Payable | — | — | — | — | ($142.7m) | $315.2m | $12.2m | ($150.4m) | ($65.4m) | $619k | $3.8m | |
| Net Cash Provided by (Used in) Operating Activities | $413.4m |
$335.7m
-18.80%
|
$281.3m
-16.18%
|
$197.9m
-29.67%
|
$336.7m
+70.18%
|
$274.4m
-18.52%
|
$70.1m
-74.45%
|
$625.4m
+791.95%
|
$290.0m
-53.63%
|
$209.7m
-27.67%
|
$226.1m
+7.81%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $97.0m | $68.4m | $76.1m | $84.5m | $95.5m | $82.2m | $94.6m | $86.4m | $83.5m | $50.6m | ($55.9m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | $6.9m | ($805k) | $10.5m | $13.4m | ($123k) | ($53.3m) | $15.8m | $5.5m | $30.5m | $95k | $8.7m | |
| Gain (Loss) on Investments | — | — | — | — | — | $655.1m | — | — | — | — | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $34.2m | — | $285.0m | $10.4m | $30.7m | $129.6m | $376.7m | $56.1m | $42.0m | $95.0m | ($304.1m) | |
| Net Cash Provided by (Used in) Investing Activities | ($127.0m) | ($63.0m) | ($337.4m) | $11.5m | ($116.2m) | $468.5m | ($438.2m) | ($71.8m) | ($140.8m) | ($135.1m) | ($360.1m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $862k | $874k | $31.1m | $1.4m | $154.9m | $622k | $565k | $6.7m | $393.9m | — | ($1.9m) | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | $0 | ($4.0m) | $0 | — | — | ($1.5m) | — | — | |
| Proceeds from Issuance of Long-term Debt | $921k | — | $197.7m | — | — | — | — | — | — | — | — | |
| Payments for Repurchase of Common Stock | $99.8m | — | $204.3m | $168.1m | $51.0m | $192.1m | $180.2m | — | — | $30.9m | — | |
| Payments of Ordinary Dividends, Common Stock | $47.2m | $50.7m | $51.4m | $52.3m | $53.3m | $53.0m | $57.2m | $59.2m | $56.8m | $33.9m | ($36.9m) | |
| Proceeds from Issuance of Common Stock | $8.7m | $9.1m | $2.1m | $6.4m | $6.5m | $6.6m | $6.3m | $1.8m | $11.4m | $4.0m | — | |
| Dividends Payable, Current | $13.5m | $13.7m | $13.7m | $14.4m | $14.6m | $16.5m | $16.0m | $18.3m | $9.0m | $9.2m | — | |
| Net Cash Provided by (Used in) Financing Activities | ($233.2m) |
($78.8m)
+66.21%
|
($100.1m)
-26.95%
|
($238.9m)
-138.81%
|
($165.7m)
+30.66%
|
($249.8m)
-50.76%
|
($237.8m)
+4.81%
|
($133.1m)
+44.01%
|
($359.9m)
-170.34%
|
($68.8m)
+80.88%
|
($88.4m)
-28.50%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $53.1m | $193.9m | ($156.1m) | ($29.6m) | $54.8m | $493.1m | ($605.8m) | $420.5m | ($210.7m) | $5.8m | $27.7m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | $34.5m | $454.9m | $244.2m | $250.1m | $27.7m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $30.4m | $29.8m | $34.8m | $38.8m | $33.0m | $29.1m | $29.7m | $29.3m | $17.6m | $12.0m | — | |
| Income Taxes Paid, Net | $50.8m | $55.7m | $44.8m | $38.8m | $25.1m | $160.8m | $118.8m | $65.9m | $81.4m | $39.6m | — | |
| Additional Financial Items | ||||||||||||
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | — | — | — | — | — | — | — | $1.0m | — | — | |
| Gain (Loss) on Disposition of Assets | $13.0m | ($8.0m) | $10.5m | $7.1m | $5.1m | ($53.6m) | $16.1m | $4.5m | ($29.0m) | ($277k) | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | — | — | $2.1m | $2.8m | — | — | |
| Goodwill | $246.1m | $247.7m | $345.2m | $334.6m | $321.4m | $351.1m | $401.5m | $414.8m | $331.6m | $376.5m | $358k | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | — | $35.2m | $96.1m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | $35.0m | $95.0m | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | $82.8m | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | — | $75.4m | — | — | |
| Income Tax Expense (Benefit) | $59.0m | $79.2m | $8.2m | $43.2m | $26.3m | $176.3m | $115.0m | $76.2m | $39.0m | $33.8m | — | |
| Pension Cost (Reversal of Cost) | — | — | — | $760k | — | $18k | $1.4m | $4.8m | $8.0m | — | — | |
| Proceeds from Stock Options Exercised | $7.9m | — | — | — | — | — | — | — | — | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.