← ALTA EQUIPMENT GROUP INC.
| Annual Trend | 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 From Continuing Operations | — | — | — | — | $9.3m | $8.9m | ($62.1m) | ($80.3m) | |
| Net Income (Loss) Attributable to Parent | ($1k) | $9k | ($24.0m) | ($20.8m) | $9.3m | $8.9m | ($62.1m) | ($80.3m) | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | — | ($23.4m) | $6.3m | $5.9m | ($65.1m) | ($83.3m) | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($1k) | $9k | ($24.0m) | ($20.8m) | $9.3m | $8.9m | ($62.1m) | ($80.3m) | |
| Depreciation, Depletion and Amortization | — | $50.1m | $75.0m | $95.8m | $112.0m | $132.6m | $144.5m | $133.6m | |
| Amortization of Debt Issuance Costs and Discounts | — | $1.0m | $1.8m | $2.0m | $1.8m | $2.0m | $4.2m | $5.4m | |
| Amortization of Intangible Assets | — | — | $2.3m | $3.3m | $5.9m | $8.9m | $10.1m | — | |
| Amortization of debt discount and debt issuance costs | — | $1.0m | $1.8m | $2.0m | $1.8m | $2.0m | $4.2m | $5.4m | |
| Depreciation Amortization Depletion | — | — | — | — | $112.0m | $132.6m | $144.5m | $133.6m | |
| Deferred Income Tax Expense (Benefit) | — | — | ($6.6m) | $3.6m | ($1.2m) | ($10.1m) | ($8.6m) | $20.8m | |
| Changes in deferred income taxes | — | — | ($6.6m) | $3.6m | ($1.2m) | ($10.1m) | ($8.6m) | $20.8m | |
| Deferred Income Tax | — | — | — | — | ($1.2m) | ($10.1m) | ($8.6m) | $20.8m | |
| Deferred Tax | — | — | — | — | ($1.2m) | ($10.1m) | ($8.6m) | $20.8m | |
| Share-based Payment Arrangement, Noncash Expense | — | — | $6.7m | $1.2m | $2.7m | $4.3m | $4.8m | $3.8m | |
| Share-based Payment Arrangement, Expense | — | — | $3.6m | $1.2m | — | — | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | $100k | — | — | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | ($2.7m) | ($4.4m) | ($8.1m) | $200k | ($200k) | $1.1m | $25.9m | |
| Gain (Loss) on Extinguishment of Debt | — | — | ($7.6m) | ($11.9m) | — | — | ($6.7m) | — | |
| Income Tax Expense (Benefit) | $800 | $309k | ($6.6m) | $3.6m | $1.3m | ($6.4m) | ($4.2m) | $21.5m | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | $8.8m | — | |
| Gain on sale of rental equipment | — | ($5.8m) | ($10.9m) | ($21.6m) | ($30.1m) | ($34.4m) | ($33.4m) | — | |
| Loss on debt extinguishment | — | — | $7.6m | $11.9m | — | — | $6.7m | — | |
| Changes in operating assets and liabilities: | |||||||||
| Additional Financial Items | |||||||||
| Increase (Decrease) in Accounts Receivable | — | — | $1.5m | $40.7m | $34.7m | $16.6m | ($42.7m) | ($11.2m) | |
| Increase (Decrease) in Inventories | — | — | $140.8m | $154.1m | $272.6m | $286.3m | $145.3m | $48.9m | |
| Increase (Decrease) in Accounts Payable | — | $1.6m | — | — | — | — | — | — | |
| General and Administrative Expense | — | — | $216.0m | $285.9m | $362.3m | $430.3m | — | — | |
| Goodwill | — | — | $24.3m | $41.9m | $69.2m | $76.7m | $77.5m | $77.8m | |
| Inventory Write-down | — | — | $1.0m | $900k | — | — | — | — | |
| Nonoperating Income (Expense) | — | — | ($22.5m) | ($35.2m) | ($30.2m) | ($51.9m) | ($84.9m) | ($82.0m) | |
| Operating Expenses | — | — | $222.6m | $296.4m | $378.8m | $452.8m | $475.1m | $451.4m | |
| Net (loss) income | ($1k) | $9k | ($24.0m) | ($20.8m) | $9.3m | $8.9m | ($62.1m) | ($80.3m) | |
| Imputed interest | — | — | $100k | $200k | $300k | $1.0m | $500k | — | |
| Provision for inventory reserves | — | — | — | — | — | $2.2m | $1.5m | $800k | |
| Provision for inventory obsolescence | — | — | $1.0m | $900k | $1.4m | $2.2m | $1.5m | — | |
| Provision for losses on accounts receivable | — | $1.8m | $4.3m | $4.2m | $5.0m | $7.2m | $5.7m | $3.2m | |
| Change in fair value of derivative instruments | — | — | — | — | — | ($600k) | $800k | — | |
| Stock-based compensation expense | — | — | $6.7m | $1.2m | $2.7m | $4.3m | $4.8m | $3.8m | |
| Other operating activities | — | — | — | — | — | ($1.1m) | $1.3m | $500k | |
| Accounts receivable | — | ($23.2m) | ($1.5m) | ($40.7m) | ($34.7m) | ($16.6m) | $42.7m | $11.2m | |
| Inventories | — | ($72.2m) | ($140.8m) | ($154.1m) | ($272.6m) | ($286.3m) | ($145.3m) | ($48.9m) | |
| Proceeds from sale of rental equipment - rent-to-sell | — | $42.2m | $86.4m | $144.5m | $133.1m | $128.9m | $126.1m | $98.2m | |
| Prepaid expenses and other assets | — | ($2.0m) | ($5.3m) | ($10.7m) | ($4.1m) | $500k | $4.3m | ($11.0m) | |
| Manufacturers floor plans payable | — | — | ($38.0m) | ($14.6m) | $77.3m | $122.5m | ($7.8m) | ($55.4m) | |
| Accounts payable, accrued expenses, customer deposits, and other current liabilities | — | $18.8m | $14.4m | $30.2m | $26.7m | $7.3m | ($26.9m) | — | |
| Accounts payable, accrued expenses, leases, and other operating liabilities | — | — | — | — | — | $3.0m | ($26.5m) | ($18.4m) | |
| Leases, deferred revenue, net of current portion and other liabilities | — | — | — | ($1.2m) | ($700k) | ($4.3m) | $400k | — | |
| Expenditures for rental equipment | — | ($19.6m) | ($41.5m) | ($42.3m) | ($63.9m) | ($62.2m) | ($55.1m) | ($41.8m) | |
| Proceeds from sale of rental equipment - rent-to-rent | — | — | — | — | $7.5m | $5.4m | $11.9m | $10.9m | |
| Extinguishment of long-term debt | — | — | ($82.0m) | ($153.1m) | — | — | ($319.4m) | — | |
| Proceeds from long-term borrowings | — | — | $578.1m | $633.2m | $413.2m | $379.6m | $974.2m | $364.5m | |
| Proceeds from non-manufacturer floor plan payable | — | — | — | $105.3m | $149.9m | $188.4m | $120.8m | $99.7m | |
| Payments on non-manufacturer floor plan payable | — | — | — | ($110.1m) | ($121.9m) | ($179.7m) | ($133.6m) | ($106.7m) | |
| NET CHANGE IN CASH | ($1.5m) | $1.2m | $1.1m | $400k | $28.3m | ($17.6m) | $5.2m | ||
| Cash, Beginning of year | — | $1.5m | $1.2m | $2.3m | $2.7m | $31.0m | $13.4m | $18.6m | |
| Net transfer of assets from inventory to rental fleet | — | — | — | — | $122.9m | $180.2m | $120.6m | $100.0m | |
| Contingent and non-contingent consideration for business acquisitions | — | — | $3.5m | $900k | $12.7m | $2.0m | $1.1m | — | |
| Beginning Cash Position | — | — | — | — | $2.3m | $2.7m | $31.0m | $13.4m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | $136.9m | $87.3m | ($17.9m) | ($5.3m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | ($155.1m) | ($117.4m) | ($56.2m) | ($22.7m) | |
| Change In Account Payable | — | — | — | — | $26.7m | $3.0m | ($26.5m) | ($18.4m) | |
| Change In Inventory | — | — | — | — | ($272.6m) | ($286.3m) | ($145.3m) | ($48.9m) | |
| Change In Other Current Liabilities | — | — | — | ($1.2m) | ($700k) | ($4.3m) | $400k | — | |
| Change In Payable | — | — | — | — | $104.0m | $125.5m | ($34.3m) | ($73.8m) | |
| Change In Payables And Accrued Expense | — | — | — | — | $104.0m | $125.5m | ($34.3m) | ($73.8m) | |
| Change In Prepaid Assets | — | — | — | — | ($4.1m) | $500k | $4.3m | ($11.0m) | |
| Change In Receivables | — | — | — | — | ($34.7m) | ($16.6m) | $42.7m | $11.2m | |
| Change In Working Capital | — | — | — | — | ($208.1m) | ($176.9m) | ($132.6m) | ($122.5m) | |
| Changes In Account Receivables | — | — | — | — | ($34.7m) | ($16.6m) | $42.7m | $11.2m | |
| Changes In Cash | — | — | — | — | $300k | $28.3m | ($17.1m) | $5.0m | |
| End Cash Position | — | — | — | — | $2.7m | $31.0m | $13.4m | $18.6m | |
| Financing Cash Flow | — | — | — | — | $136.9m | $87.3m | ($17.9m) | ($5.3m) | |
| Free Cash Flow | — | — | — | — | ($58.2m) | ($16.2m) | ($13.5m) | ($18.0m) | |
| Gain Loss On Investment Securities | — | — | — | — | — | ($600k) | $800k | — | |
| Gain Loss On Sale Of Business | — | — | — | — | — | $0 | $0 | ($4.6m) | |
| Gain Loss On Sale Of PPE | — | — | — | — | ($30.3m) | ($34.2m) | ($34.5m) | ($25.9m) | |
| Investing Cash Flow | — | — | — | — | ($155.1m) | ($117.4m) | ($56.2m) | ($22.7m) | |
| Issuance Of Capital Stock | — | — | — | $0 | $0 | — | — | — | |
| Net Business Purchase And Sale | — | — | — | — | ($86.7m) | ($45.6m) | $0 | $18.2m | |
| Net PPE Purchase And Sale | — | — | — | — | $8.7m | $5.9m | $17.2m | $11.4m | |
| Net Preferred Stock Issuance | — | — | — | $0 | $0 | — | — | — | |
| Operating Gains Losses | — | — | — | — | ($30.3m) | ($34.2m) | ($27.8m) | ($30.5m) | |
| Other Non Cash Items | — | — | — | — | $127.7m | $124.4m | $131.6m | $104.1m | |
| Preferred Stock Issuance | — | — | — | $0 | $0 | — | — | — | |
| Provisionand Write Offof Assets | — | — | — | — | $6.4m | $9.4m | $7.2m | $4.0m | |
| Purchase Of Business | — | — | — | — | ($86.7m) | ($45.6m) | $0 | ($2.7m) | |
| Repurchase Of Capital Stock | — | — | — | — | $0 | $0 | ($5.8m) | ($7.5m) | |
| Sale Of Business | — | — | — | — | — | $0 | $0 | $20.9m | |
| Sale Of PPE | — | — | — | — | $8.7m | $5.9m | $17.2m | $11.4m | |
| Stock Based Compensation | — | — | — | — | $2.7m | $4.3m | $4.8m | $3.8m | |
| Derivative, Gain (Loss) on Derivative, Net | — | — | — | — | — | $600k | ($800k) | — | |
| Net Cash Provided by (Used in) Operating Activities | ($342) | ($455k) | ($38.4m) | $30.7m | $26.0m | $63.8m | $57.0m | $33.0m | |
| Cash flows from investing activities: | |||||||||
| Payments to Acquire Property, Plant, and Equipment | — | — | $4.4m | $8.1m | $12.8m | $12.4m | $15.4m | $9.2m | |
| Capital Expenditure Reported | — | — | $4.4m | $8.1m | ($76.7m) | ($74.6m) | ($70.5m) | ($51.0m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $65.6m | $180.0m | $63.4m | $86.7m | $45.6m | — | $2.7m | |
| Acquisitions of businesses, net of cash acquired | — | ($65.6m) | ($180.0m) | ($63.4m) | ($86.7m) | ($45.6m) | — | ($2.7m) | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | — | — | $2.9m | $1.3m | |
| Other investing activities | — | — | — | — | ($400k) | ($3.1m) | ($2.9m) | ($1.3m) | |
| Net Other Investing Changes | — | — | — | — | ($400k) | ($3.1m) | ($2.9m) | ($1.3m) | |
| Net Cash Provided by (Used in) Investing Activities | — | ($143.8m) | ($224.5m) | ($113.4m) | ($162.6m) | ($122.8m) | ($56.2m) | ($22.7m) | |
| Cash flows from financing activities: | |||||||||
| Proceeds from Issuance of Long-term Debt | — | — | $149.4m | — | — | — | — | — | |
| Expenditures for debt issuance costs | — | ($100k) | ($2.7m) | ($1.7m) | — | — | ($1.9m) | — | |
| Issuance Of Debt | — | — | — | — | $563.1m | $568.0m | $1.1b | $464.2m | |
| Long Term Debt Issuance | — | — | — | — | $413.2m | $379.6m | $974.2m | $364.5m | |
| Net Issuance Payments Of Debt | — | — | — | — | $142.9m | $100.0m | $2.1m | $12.0m | |
| Net Long Term Debt Issuance | — | — | — | — | $114.9m | $91.3m | $14.9m | $19.0m | |
| Net Short Term Debt Issuance | — | — | — | — | $28.0m | $8.7m | ($12.8m) | ($7.0m) | |
| Short Term Debt Issuance | — | — | — | — | $149.9m | $188.4m | $120.8m | $99.7m | |
| Repayments of Long-term Debt | — | — | $6.8m | $1.9m | — | — | — | — | |
| Principal payments on line of credit, long-term debt and finance lease obligations | — | — | ($270.5m) | ($386.2m) | ($298.3m) | ($288.3m) | — | — | |
| Principal payments on long-term debt and finance lease obligations | — | — | — | — | ($298.3m) | ($288.3m) | ($639.9m) | ($345.5m) | |
| Long Term Debt Payments | — | — | — | — | ($298.3m) | ($288.3m) | ($959.3m) | ($345.5m) | |
| Repayment Of Debt | — | — | — | — | ($420.2m) | ($468.0m) | ($1.1b) | ($452.2m) | |
| Short Term Debt Payments | — | — | — | — | ($121.9m) | ($179.7m) | ($133.6m) | ($106.7m) | |
| Proceeds from Issuance of Common Stock | — | — | $4.0m | — | — | — | — | — | |
| Common stock issued as consideration for business acquisition | — | — | — | — | $3 | $6 | $3.0m | — | |
| Common Stock Issuance | — | — | — | $0 | $0 | — | — | — | |
| Net Common Stock Issuance | — | — | — | — | $0 | $0 | ($5.8m) | ($7.5m) | |
| Payments for Repurchase of Common Stock | — | — | $5.9m | — | — | — | $5.8m | $7.5m | |
| Repurchases of common stock | — | — | ($5.9m) | — | — | — | ($5.8m) | ($7.5m) | |
| Common Stock Payments | — | — | — | — | $0 | $0 | ($5.8m) | ($7.5m) | |
| Dividends paid | — | — | — | $3 | $3 | $3 | $3 | $3 | |
| Other Interest and Dividend Income | — | $2.3m | — | — | — | — | — | — | |
| Preferred stock dividends paid | — | — | — | ($3) | ($3) | ($3) | ($3) | ($3) | |
| Common stock dividends declared and paid | — | — | — | — | ($4) | ($8) | ($8) | ($4) | |
| Cash Dividends Paid | — | — | — | — | ($6.7m) | ($10.6m) | ($10.8m) | ($6.9m) | |
| Common Stock Dividend Paid | — | — | — | — | ($3.7m) | ($7.6m) | ($7.8m) | ($3.9m) | |
| Preferred Stock Dividend Paid | — | — | — | — | ($3.0m) | ($3.0m) | ($3.0m) | ($3.0m) | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | $700k | ($2.1m) | ($1.5m) | ($2.9m) | |
| Other financing activities | — | — | — | ($1.0m) | $700k | ($2.1m) | ($1.5m) | ($2.9m) | |
| Net Other Financing Charges | — | — | — | — | $700k | ($2.1m) | ($3.4m) | ($2.9m) | |
| Net cash (used in) provided by financing activities | $50k | $144.8m | $264.1m | $83.8m | $136.9m | $87.3m | ($17.9m) | ($5.3m) | |
| Net Cash Provided by (Used in) Financing Activities | $50k | $144.8m | $264.1m | $83.8m | $136.9m | $87.3m | ($17.9m) | ($5.3m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | $100k | — | ($500k) | $200k | |
| Effect of exchange rate changes on cash | — | — | — | — | $100k | — | ($500k) | $200k | |
| Effect Of Exchange Rate Changes | — | — | — | — | $100k | $0 | ($500k) | $200k | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $1.2m | $1.1m | $400k | $28.3m | ($17.6m) | $5.2m | |
| Supplemental disclosure of cash flow information: | |||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | $400k | $28.3m | ($17.6m) | $5.2m | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $13.2m | $29.3m | $20.2m | $28.0m | $53.6m | $76.4m | $83.4m | |
| Income Taxes Paid, Net | — | — | — | — | $1.0m | $5.7m | $3.7m | $4.3m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.