← YETI Holdings, Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | 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 | $15.4m | $57.8m | $50.4m | $155.8m | $155.8m | $89.7m | $169.9m | $175.7m | $165.4m | $165.4m | — | |
| Depreciation, Depletion and Amortization | $20.8m | $24.8m | $29.0m | $30.5m | $30.5m | $39.8m | $46.4m | $48.1m | $54.2m | $54.2m | $55.1m | |
| Amortization of Debt Issuance Costs | $3.0m | $3.4m | $2.2m | $935k | — | $601k | $604k | $649k | $653k | — | — | |
| Amortization of Intangible Assets | $5.3m | $5.3m | $5.8m | $5.9m | — | $6.9m | $5.3m | $5.3m | $9.7m | — | — | |
| Depreciation | $15.4m | $19.5m | $23.2m | $24.6m | $30.5m | $32.8m | $41.2m | $42.8m | $44.5m | $54.2m | $55.1m | |
| Amortization of deferred financing fees | $3.0m | $3.4m | $2.2m | — | $935k | $679k | $604k | $649k | — | $653k | — | |
| Deferred Income Tax Expense (Benefit) | $8.8m | $2.1m | $14.2m | ($3.9m) | — | ($32.6m) | $25.3m | ($11.2m) | $27.7m | — | $27.2m | |
| Deferred income taxes | $8.5m | $2.2m | $15.6m | — | ($3.8m) | $5.1m | $25.6m | ($11.2m) | — | $28.1m | $27.2m | |
| Share-based Payment Arrangement, Noncash Expense | $13.4m | $13.2m | $52.3m | $9.0m | — | $17.8m | $29.8m | $40.7m | $47.7m | — | $46.9m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $2.0m | $57k | $13.5m | $1.0m | — | $1.9m | $2.5m | $1.5m | $1.8m | — | — | |
| Share-based Payment Arrangement, Expense | $13.4m | $13.2m | $52.3m | $17.0m | — | $37.3m | $50.4m | $52.0m | $52.8m | — | $46.9m | |
| Stock-based compensation | $13.4m | $13.2m | $52.3m | — | $9.0m | $15.5m | $29.8m | $40.7m | — | $47.7m | $46.9m | |
| Impairment of long-lived assets | $0 | $2.2m | $616k | — | $1.1m | $2.5m | $2.9m | $5.5m | — | $3.8m | — | |
| Other Nonoperating Income (Expense) | $699k | ($1.3m) | ($734k) | $123k | — | ($5.7m) | $1.4m | ($13.2m) | $7.2m | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $29.9m | ($7.7m) | $19.9m | ($16.4m) | — | ($30.4m) | $15.7m | $23.7m | $18.2m | — | ($12.1m) | |
| Accounts receivable, net | ($29.9m) | $7.7m | ($19.9m) | — | $16.4m | ($44.7m) | ($15.7m) | ($23.7m) | — | ($18.2m) | ($12.1m) | |
| Increase (Decrease) in Inventories | ($71.0m) | ($29.6m) | $40.5m | ($46.1m) | — | $91.6m | ($33.7m) | ($39.8m) | ($23.9m) | — | $17.2m | |
| Inventory Write-down | — | — | — | — | — | $34.1m | $34.1m | — | — | — | — | |
| Inventory | $71.0m | $29.6m | ($40.5m) | — | $46.1m | ($179.8m) | $33.7m | $39.8m | — | $23.9m | $17.2m | |
| Accounts payable and accrued expenses | $28.0m | $43.7m | $6.6m | — | $89.1m | $112.8m | ($15.1m) | ($47.0m) | — | ($27.7m) | $7.0m | |
| Property and equipment additions included in accounts payable and accrued expenses | — | — | — | — | $6.5m | $3.8m | $2.6m | $2.8m | — | $10.1m | — | |
| Other | $12.5m | $1.7m | ($129k) | — | $3.5m | $3.1m | $1.6m | $2.8m | — | ($4.8m) | — | |
| Other current assets | $17.9m | ($5.1m) | ($6.8m) | — | $2.0m | ($10.6m) | ($7.9m) | $9.5m | — | $6.6m | ($1.6m) | |
| Net Cash Provided by (Used in) Operating Activities | $147.8m |
$176.1m
+19.17%
|
$86.9m
-50.65%
|
$366.4m
+321.70%
|
$366.4m
0.00%
|
$100.9m
-72.47%
|
$285.9m
+183.41%
|
$261.4m
-8.59%
|
$254.7m
-2.54%
|
$254.7m
0.00%
|
$302.4m
+18.70%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $42.2m | $20.9m | $32.1m | $15.6m | ($15.6m) | $45.9m | $50.7m | $41.8m | $42.7m | ($42.7m) | ($100.9m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | — | $36.2m | $0 | — | $0 | |
| Net Cash Provided by (Used in) Investing Activities | ($38.7m) | ($31.7m) | ($48.7m) | ($22.9m) | ($22.9m) | ($56.9m) | ($72.8m) | ($131.4m) | ($101.8m) | ($101.8m) | ($100.9m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $45.5m | $151.8m | ($34.9m) | $165.0m | ($165.0m) | $22.5m | $7.7m | $4.2m | $4.2m | ($4.2m) | ($16.9m) | |
| Gain (Loss) on Extinguishment of Debt | — | ($694k) | ($643k) | ($1.1m) | — | $0 | ($330k) | $0 | $0 | — | — | |
| Proceeds from Issuance of Long-term Debt | — | — | $66.2m | $0 | — | — | — | — | — | — | — | |
| Loss on prepayment, modification, or extinguishment of debt | $0 | $694k | $643k | — | $1.1m | $0 | $330k | $0 | — | $0 | — | |
| Payments for Repurchase of Common Stock | — | $2.0m | $0 | $0 | — | $100.0m | $0 | $200.0m | $297.8m | — | — | |
| Payments of Ordinary Dividends, Common Stock | $2.8m | $2.5m | $636k | $0 | — | — | — | — | — | — | — | |
| Proceeds from Issuance of Common Stock | — | $38.1m | $0 | $0 | — | — | — | — | — | — | — | |
| Repurchase of common stock | $0 | ($2.0m) | $0 | — | $0 | ($100.0m) | $0 | ($200.0m) | — | ($297.8m) | — | |
| Net Cash Provided by (Used in) Financing Activities | ($72.2m) |
($118.0m)
-63.34%
|
($45.7m)
+61.28%
|
($163.2m)
-257.19%
|
($163.2m)
0.00%
|
($122.6m)
+24.86%
|
($13.6m)
+88.91%
|
($209.2m)
-1438.81%
|
($321.4m)
-53.62%
|
($321.4m)
0.00%
|
($326.5m)
-1.59%
|
|
| Net (decrease) increase in cash | $32.4m | $26.4m | ($7.5m) | — | $180.8m | $58.9m | $204.2m | ($80.2m) | — | ($170.5m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | ($7.5m) | $180.8m | — | ($77.4m) | $204.2m | ($80.2m) | ($170.5m) | — | $134.1m | |
| Cash, beginning of period | $21.3m | $53.6m | $72.5m | — | $253.3m | $312.2m | $439.0m | $358.8m | — | $188.3m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $72.5m | $253.3m | — | $234.7m | $439.0m | $358.8m | $188.3m | — | $134.1m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | ($51k) | $476k | — | $1.2m | $4.7m | ($886k) | ($2.0m) | — | ($6.3m) | |
| Effect of exchange rate changes on cash | ($1k) | $45k | ($51k) | — | $476k | $1.2m | $4.7m | ($886k) | — | ($2.0m) | ($6.3m) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $29.9m | $28.5m | $19.4m | $8.4m | $8.4m | $3.0m | $6.7m | $5.8m | $4.7m | $4.7m | — | |
| Income Taxes Paid, Net | $20.6m | $16.3m | $3.5m | $36.3m | ($1.0m) | $58.8m | $14.1m | $65.2m | $48.0m | $48.0m | — | |
| Additional Financial Items | ||||||||||||
| Goodwill | $54.3m | $54.3m | $54.3m | $54.3m | — | $54.3m | $54.3m | $72.6m | $72.3m | — | $4.8m | |
| Income Tax Expense (Benefit) | $16.7m | $11.9m | $16.8m | $49.4m | — | $26.5m | $56.1m | $57.2m | $54.9m | — | — | |
| Payments of Financing Costs | $2.0m | — | $2.1m | $0 | — | — | $2.8m | $0 | $0 | — | — | |
| Product recalls | — | — | — | — | $0 | $97.2m | $1.9m | $9.9m | — | $2.9m | — | |
| Taxes payable | ($12.8m) | ($5.9m) | ($3.1m) | — | $14.9m | ($3.8m) | $18.2m | $669k | — | ($23.9m) | — | |
| Business acquisition, net of cash acquired | — | — | — | — | — | $0 | $0 | ($36.2m) | — | $0 | — | |
| Additions of intangibles, net | $4.9m | ($11.0m) | ($16.6m) | — | ($7.4m) | ($9.6m) | ($22.2m) | ($53.5m) | — | ($59.2m) | — | |
| Proceeds from employee stock transactions | $99k | $262k | $3.6m | — | $3.0m | $4.1m | $1.6m | $294k | — | $0 | — | |
| Finance lease principal payment | $0 | $0 | $74k | — | ($185k) | ($1.1m) | ($2.1m) | ($3.8m) | — | ($16.0m) | — | |
| Payments of deferred financing fees | ($2.0m) | $0 | ($2.1m) | — | $0 | $0 | ($2.8m) | $0 | — | $0 | — | |
| Payment of excise taxes on share repurchases | — | — | — | — | — | — | $0 | $0 | — | ($1.6m) | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.