← AVIAT NETWORKS, INC.

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 ($29.9m) ($823k) $1.8m $9.7m $257k $110.1m $21.2m $11.5m $10.8m $1.3m
Net Income (Loss) Available to Common Stockholders, Basic ($29.6m) ($621k) $2.3m $9.7m $257k $110.1m $21.2m $11.5m $10.8m $1.3m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest ($29.6m) ($621k) $2.3m $9.7m $257k — — — — —
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent ($30.4m) ($823k) $1.8m — — — — — — —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest ($30.2m) ($621k) $2.3m $9.7m — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $541k $0 $0 — — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent $541k $0 $0 — — — — — — —
Net Income (Loss) Attributable to Noncontrolling Interest $270k $202k $457k $0 $0 — — — — —
Depreciation, Depletion and Amortization $6.6m $5.8m $5.2m $4.5m $4.4m $5.4m $4.5m $5.5m $4.0m $5.3m
Amortization of Intangible Assets $0 $0 — — — $0 $0 $704k $1.0m $2.7m
Depreciation $6.6m — — — — — — — — —
Deferred Income Tax Expense (Benefit) ($334k) $75k ($3.2m) ($8.8m) ($172k) ($90.0m) $7.7m $9.4m $3.6m ($343k)
Share-based Payment Arrangement, Noncash Expense $1.8m $2.1m $2.4m $1.7m $1.7m $2.9m $3.8m $6.7m $7.3m $7.1m
Payment, Tax Withholding, Share-based Payment Arrangement — — — $671k $802k $167k $541k $1.2m $696k $1.2m
Share-based Payment Arrangement, Expense $1.8m $2.1m $2.4m $1.7m $1.7m $2.9m $3.8m $6.7m $7.3m $7.1m
Goodwill, Impairment Loss — — — — — — — — $0 $0
Gain (Loss) on Disposition of Business $0 $0 — — — — — — — —
Gain (Loss) on Disposition of Property Plant Equipment ($827k) ($153k) ($75k) ($4k) ($56k) ($6k) ($11k) $5.5m $4.0m $5.3m
Income Tax Expense (Benefit) $1.6m $16k ($1.0m) ($8.2m) $3.5m ($87.7m) $9.3m $11.6m $6.1m $2.2m
Operating Lease, Expense — — — — $3.7m $3.3m $3.6m $3.4m — —
Other Nonoperating Income (Expense) — — — — $0 $0 $1.7m ($3.3m) ($158k) ($941k)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable ($17.0m) ($18.2m) ($2.8m) $6.4m ($7.0m) $4.2m $25.7m $25.5m $9.3m $29.0m
Increase (Decrease) in Inventories $5.0m ($6.4m) ($615k) ($1.2m) $5.7m $10.0m $2.5m $4.5m ($1.6m) $24.4m
Increase (Decrease) in Accounts Payable ($14.0m) $608k ($2.2m) $5.1m ($3.1m) $580k $10.5m $16.0m $16.6m $49.9m
Debt and Equity Securities, Gain (Loss) — — — — — $0 $2.6m $1.7m $41k ($103k)
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal — $349k $0 $0 — — $66k — — —
Foreign Currency Transaction Gain (Loss), before Tax ($1.8m) ($712k) $214k ($664k) $419k $1.0m ($1.1m) ($1.0m) $300k $800k
Goodwill — — — — — — — $5.1m $8.2m $19.7m
Inventory Write-down $9.9m $1.1m $364k $553k $945k $1.5m $1.7m $2.1m $4.0m $2.4m
Investment Income, Interest $252k $261k $198k $267k $385k $230k — — — —
Nonoperating Income (Expense) — $169k ($220k) $17k — — — — — —
Operating Expenses $89.2m $76.5m $79.2m $77.9m $81.3m $80.4m $80.5m $97.8m $125.3m $128.9m
Payments of Financing Costs — — — — — $0 $0 $753k $79k $529k
Revenue from Contract with Customer, Including Assessed Tax — — — $243.9m — — $303.0m $346.6m $408.1m $434.6m
Unrealized Gain (Loss) on Investments — — — — — — — ($1.7m) ($41k) $103k
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax $41k $0 $0 — — — — — — —
Net Cash Provided by (Used in) Operating Activities ($126k) $9.4m $8.2m $2.9m $17.5m $17.3m $2.8m ($1.6m) $30.5m $5.7m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $1.6m $4.0m $6.6m $5.2m $4.6m $2.8m $1.8m $5.3m $2.7m $13.0m
Payments to Acquire Businesses, Net of Cash Acquired — — — — — — — — $32.2m $18.1m
Net Cash Provided by (Used in) Investing Activities ($1.8m) ($4.0m) ($6.3m) ($5.2m) ($4.6m) ($2.8m) ($7.8m) ($11.9m) ($35.2m) ($28.5m)
Cash flows from financing activities:
Repayments of Long-term Debt — — — — — — — — — $50.6m
Payments for Repurchase of Common Stock — — — $2.3m $1.8m $787k $0 $0 $332k $597k
Net Cash Provided by (Used in) Financing Activities $13k $21k $12k ($3.0m) ($2.5m) ($8.0m) ($4.9m) ($681k) $48.7m $18.7m
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($2.3m) ($244k) ($727k) ($309k) ($669k) ($77k) ($1.2m) ($311k) ($1.6m) $1.2m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($2.3m) $5.1m $1.2m ($5.6m) $9.7m $6.3m ($11.1m) ($14.6m) $42.4m ($2.9m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($2.3m) $36.6m $37.8m $32.2m $41.9m $48.2m $37.1m $22.5m $64.9m $62.0m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $111k $94k $29k $70k $60k $4k $0 $880k $2.5m $6.7m
Income Taxes Paid, Net $2.0m ($313k) $1.3m $687k $1.1m ($2.1m) $1.2m $1.6m $808k $1.7m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.