← ABM INDUSTRIES INC /DE/
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $57.2m | $3.8m | $97.8m | $127.4m | $300k | $126.3m | $230.4m | $251.3m | $81.4m | $162.4m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $62.3m | $78.1m | $95.9m | $127.5m | $200k | $126.3m | $230.4m | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | ($5.1m) | ($74.3m) | $1.8m | ($100k) | $100k | $0 | $0 | — | — | — | |
| Depreciation, Depletion and Amortization | $57.5m | $70.1m | $112.5m | $107.4m | $96.4m | $89.9m | $112.4m | $120.7m | $106.6m | $105.6m | |
| Amortization of Intangible Assets | $25.0m | $31.6m | $66.0m | $58.5m | $48.4m | $45.0m | $72.1m | $76.5m | $56.1m | $52.5m | |
| Depreciation | $32.6m | $38.5m | $46.5m | $48.9m | $48.0m | $45.0m | $40.3m | $44.2m | $50.5m | $53.1m | |
| Deferred Income Tax Expense (Benefit) | ($3.7m) | ($6.1m) | ($23.7m) | $9.7m | ($36.6m) | ($48.0m) | $67.7m | ($4.9m) | ($24.7m) | ($21.9m) | |
| Deferred income taxes | ($3.7m) | ($6.1m) | ($23.7m) | $9.7m | ($36.6m) | ($48.0m) | $67.7m | ($4.9m) | ($24.7m) | ($21.9m) | |
| Share-based Payment Arrangement, Noncash Expense | $14.0m | $13.3m | $17.0m | $17.5m | $20.3m | $33.5m | $30.5m | $30.5m | $30.0m | $38.0m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $700k | — | — | — | $8.1m | $9.9m | $10.5m | $7.0m | $7.4m | |
| Share-based Payment Arrangement, Expense | — | $13.3m | $17.0m | $17.5m | $20.3m | $33.5m | $30.5m | $30.5m | $30.0m | $38.0m | |
| Equity Method Investment, Other than Temporary Impairment | $5.0m | $0 | $0 | $0 | — | — | — | — | — | — | |
| Goodwill and Intangible Asset Impairment | — | — | — | $0 | $172.8m | $0 | $0 | — | — | — | |
| Goodwill, Impairment Loss | $6.0m | $0 | $20.3m | $0 | $163.8m | $0 | $0 | $0 | $0 | $0 | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | $0 | $9.0m | $0 | — | — | — | — | |
| Share-based compensation expense | $14.0m | $13.3m | $17.0m | $17.5m | $20.3m | $33.5m | $30.5m | $30.5m | $30.0m | $38.0m | |
| Impairment of assets | $22.5m | — | — | — | — | — | — | $0 | $0 | $4.0m | |
| Taxes withheld from issuance of share-based compensation awards, net | ($5.3m) | ($700k) | ($1.0m) | ($1.3m) | ($900k) | ($8.1m) | ($9.9m) | ($10.5m) | ($7.0m) | ($7.4m) | |
| Gain (Loss) on Disposition of Assets | — | $2.7m | ($500k) | $600k | ($2.1m) | ($200k) | $800k | $100k | $600k | $200k | |
| Gain (Loss) on Disposition of Property Plant Equipment | $200k | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Equity Method Investments | $7.6m | $4.2m | $3.2m | $3.0m | $2.2m | $2.1m | $2.4m | $3.9m | $6.5m | $4.6m | |
| Income Tax Expense (Benefit) | ($10.4m) | $8.8m | ($8.2m) | $32.7m | $53.1m | $53.5m | $79.6m | $79.7m | $52.2m | $57.6m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $85.0m | $96.4m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $80.9m | $115.7m | ($16.0m) | — | — | — | — | — | — | — | |
| Accretion Expense | $300k | $200k | $800k | $800k | $800k | $100k | $100k | $400k | $600k | $700k | |
| Goodwill | $912.8m | $1.9b | $1.8b | $1.8b | $1.7b | $2.2b | $2.5b | $2.5b | $2.6b | $2.6b | |
| Payments of Financing Costs | $100k | $18.7m | $100k | $0 | $4.4m | $6.4m | $0 | $0 | — | $8.0m | |
| Proceeds from Stock Options Exercised | $5.3m | — | — | — | — | — | — | — | — | — | |
| Provision for bad debt | $12.9m | $4.1m | $6.4m | $6.7m | $19.6m | $600k | ($7.7m) | $3.0m | $8.8m | $6.7m | |
| Discount accretion on insurance claims | $300k | $200k | $800k | $800k | $800k | $100k | $100k | $400k | $600k | $700k | |
| Loss on sale of assets | ($200k) | ($2.7m) | $500k | ($600k) | $2.1m | $200k | ($800k) | ($100k) | ($600k) | ($200k) | |
| Income from unconsolidated affiliates | ($7.6m) | ($4.2m) | ($3.2m) | ($3.0m) | ($2.2m) | ($2.1m) | ($2.4m) | ($3.9m) | ($6.5m) | ($4.6m) | |
| Distributions from unconsolidated affiliates | $8.2m | $5.7m | $1.9m | $5.4m | $100k | $1.9m | $1.9m | $1.9m | $4.6m | $5.5m | |
| Change in fair value of contingent consideration | — | — | — | — | — | $0 | $0 | ($45.6m) | $95.7m | ($1.6m) | |
| Trade accounts receivable and costs incurred in excess of amounts billed | — | ($115.7m) | $16.0m | ($78.3m) | $141.4m | ($124.5m) | ($143.8m) | ($152.7m) | ($32.6m) | ($109.8m) | |
| Prepaid expenses and other current assets | $0 | ($6.4m) | $2.4m | ($13.2m) | ($15.5m) | $6.8m | $19.7m | ($7.4m) | ($40.4m) | $23.8m | |
| Right-of-use assets | — | — | — | $0 | $24.4m | $19.3m | $14.7m | $1.8m | $12.7m | $5.7m | |
| Other noncurrent assets | ($29.5m) | ($7.6m) | $11.3m | $4.5m | ($10.4m) | $13.8m | ($21.2m) | $33.8m | ($34.0m) | ($17.4m) | |
| Trade accounts payable and other accrued liabilities | $15.4m | $74.4m | ($1.5m) | $85.8m | ($53.5m) | $265.7m | ($143.0m) | ($3.8m) | ($10.9m) | $53.1m | |
| Long-term lease liabilities | — | — | — | $0 | ($22.9m) | ($16.3m) | ($15.2m) | ($5.7m) | ($7.3m) | ($8.3m) | |
| Insurance claims | $33.6m | $33.5m | $13.9m | $3.9m | $5.7m | ($28.4m) | ($17.4m) | $5.0m | $54.3m | $40.0m | |
| Income taxes payable | $500k | ($22.5m) | $700k | $3.2m | $7.6m | $8.3m | ($31.8m) | $15.1m | ($6.8m) | ($9.2m) | |
| Other noncurrent liabilities | $5.2m | $6.0m | ($3.7m) | ($14.4m) | $96.2m | ($35.4m) | ($69.0m) | $3.8m | ($4.2m) | ($38.1m) | |
| Proceeds from sale of assets | $3.3m | $4.0m | $2.3m | $1.3m | $5.5m | $4.4m | $6.0m | $2.9m | $1.8m | $400k | |
| Deferred financing costs paid | ($100k) | ($18.7m) | ($100k) | $0 | ($4.4m) | ($6.4m) | $0 | $0 | $0 | ($8.0m) | |
| Borrowings from debt | $1.1b | $1.9b | $1.2b | $1.8b | $1.1b | $357.7m | $1.5b | $1.2b | $1.3b | $1.8b | |
| Changes in book cash overdrafts | $700k | $15.8m | ($8.5m) | ($200k) | $41.2m | ($17.9m) | $4.3m | ($20.3m) | $40.7m | ($47.2m) | |
| Financing of energy savings performance contracts | $22.6m | $6.8m | $5.4m | $8.1m | $11.1m | $15.1m | $9.9m | $500k | $0 | $0 | |
| Repayment of finance lease obligations | — | — | ($3.3m) | ($3.1m) | ($3.4m) | ($2.8m) | ($1.9m) | ($3.0m) | ($4.2m) | ($4.5m) | |
| Cash paid to settle the contingent consideration liability | — | — | — | — | — | — | — | $0 | $0 | ($59.0m) | |
| Income tax payments, net | $12.6m | $11.8m | ($1.0m) | $20.6m | $82.2m | $93.5m | $46.4m | $69.1m | $83.2m | $88.2m | |
| Total adjustments | $48.2m | $23.6m | $203.7m | $135.3m | $457.2m | $188.0m | ($210.0m) | ($8.0m) | $145.3m | $72.0m | |
| Net Cash Provided by (Used in) Operating Activities | $83.5m | $5.6m | $320.9m | $262.7m | $457.5m | $314.3m | $20.4m | $243.3m | $226.7m | $234.4m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $44.0m | $57.2m | $50.9m | $59.6m | $38.0m | $34.3m | $50.8m | $52.6m | $59.4m | $79.3m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $96.0m | $853.6m | $0 | $0 | — | $710.2m | $194.6m | $0 | $114.3m | — | |
| Purchase of businesses, net of cash acquired, and equity securities | — | — | — | — | — | — | — | ($12.4m) | ($114.3m) | ($36.7m) | |
| Net Cash Provided by (Used in) Investing Activities | ($134.8m) | ($871.8m) | ($48.1m) | ($58.3m) | ($27.5m) | ($740.0m) | ($241.5m) | ($62.1m) | ($171.9m) | ($115.6m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | — | $1.9b | $1.2b | $1.8b | $1.1b | $357.7m | $1.5b | $1.2b | $1.3b | $1.8b | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $5.0m | $0 | $2.9m | $0 | $5.0m | $0 | $0 | — | — | — | |
| Repayments of Long-term Debt | — | $957.2m | $1.4b | $1.9b | $1.1b | $194.2m | $1.1b | $1.1b | $1.3b | $1.6b | |
| Repayment of borrowings from debt | ($942.0m) | ($957.2m) | ($1.4b) | ($1.9b) | ($1.1b) | ($194.2m) | ($1.1b) | ($1.1b) | ($1.3b) | ($1.6b) | |
| Payments for Repurchase of Common Stock | $46.6m | $7.9m | $0 | $0 | $5.1m | $0 | $97.5m | $138.1m | $56.1m | $122.2m | |
| Payments of Ordinary Dividends, Common Stock | $37 | $40 | $46 | $48 | $49 | $51 | $52 | $58 | $56 | $66 | |
| Repurchases of common stock, including excise taxes | ($46.6m) | ($7.9m) | $0 | $0 | ($5.1m) | $0 | ($97.5m) | ($138.1m) | ($56.1m) | ($122.2m) | |
| Dividends paid | ($37) | ($40) | ($46) | ($48) | ($49) | ($51) | ($52) | ($58) | ($56) | ($66) | |
| Proceeds from (Payments for) Other Financing Activities | $22.6m | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | $52.6m | $874.0m | ($295.8m) | ($184.8m) | ($94.1m) | $92.4m | $235.5m | ($186.3m) | ($61.5m) | ($80.2m) | |
| Effect of exchange rate changes on cash and cash equivalents | ($3.3m) | $1.5m | ($700k) | ($200k) | ($200k) | $1.9m | ($4.2m) | $1.6m | $1.8m | $900k | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $19.4m | $335.7m | ($331.4m) | $10.2m | ($3.5m) | ($4.9m) | $39.5m | |
| Net increase (decrease) in cash and cash equivalents | ($2.0m) | $9.3m | ($23.7m) | $19.4m | $335.7m | ($331.4m) | $10.2m | ($3.5m) | ($4.9m) | $39.5m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $58.5m | $394.2m | $62.8m | $73.0m | $69.5m | $64.6m | $104.1m | |
| Cash and cash equivalents at beginning of year | $55.5m | $53.5m | $62.8m | $58.5m | $394.2m | $62.8m | $73.0m | $69.5m | $64.6m | $104.1m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $4.4m | $8.1m | $49.6m | $39.9m | $32.9m | $14.3m | $28.9m | $89.4m | $98.5m | $99.8m | |
| Income Taxes Paid, Net | ($12.6m) | $11.8m | ($1.0m) | $20.6m | $82.2m | $93.5m | $46.4m | $69.1m | $83.2m | $88.2m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.