← B&G Foods, 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 | $217.5m | $217.5m | $172.4m | $76.4m | $132.0m | ($11.4m) | ($11.4m) | ($66.2m) | ($251.3m) | ($43.3m) | |
| Net Income (Loss) Available to Common Stockholders, Basic | $109.4m | $217.5m | $172.4m | $76.4m | $132.0m | ($11.4m) | ($11.4m) | ($66.2m) | ($251.3m) | ($43.3m) | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $217.5m | $217.5m | $172.4m | $76.4m | $132.0m | ($11.4m) | ($11.4m) | ($66.2m) | ($251.3m) | ($43.3m) | |
| Depreciation, Depletion and Amortization | $37.3m | $49.2m | $53.6m | $58.7m | $63.7m | $63.7m | $80.5m | $69.6m | $68.6m | $66.2m | |
| Amortization of Debt Issuance Costs | $4.9m | $5.4m | $5.3m | $3.5m | $4.7m | $4.7m | $4.7m | $7.5m | $5.9m | $6.4m | |
| Amortization of Debt Issuance Costs and Discounts | $5.4m | $5.8m | $5.3m | $3.5m | $4.7m | $4.7m | $4.7m | $7.5m | $5.9m | $6.4m | |
| Amortization of Intangible Assets | $13.8m | $17.6m | $18.3m | $18.5m | $19.1m | $21.2m | $21.2m | $20.8m | $20.4m | $20.3m | |
| Depreciation | $23.5m | $31.6m | $35.3m | $40.2m | $44.6m | $63.7m | $58.6m | $47.8m | $47.1m | $45.2m | |
| Amortization of operating lease right-of-use assets | — | — | $11.4m | $11.4m | $12.0m | $14.0m | $18.8m | $19.4m | $19.4m | $20.2m | |
| Amortization of deferred debt financing costs and bond discount/premium | $5.8m | $5.3m | $3.5m | $3.5m | $4.7m | $4.6m | $7.5m | $5.9m | $5.9m | $6.4m | |
| Deferred Income Tax Expense (Benefit) | $56.2m | ($80.5m) | ($1.5m) | $20.4m | $42.6m | ($26.9m) | ($26.9m) | ($26.4m) | ($99.1m) | ($1.8m) | |
| Deferred income taxes | ($80.5m) | ($1.5m) | $20.4m | $20.4m | $42.6m | $7.3m | ($26.4m) | ($99.1m) | ($99.1m) | ($1.8m) | |
| Share-based Payment Arrangement, Noncash Expense | $5.8m | $4.6m | $3.0m | $2.6m | $10.6m | $3.9m | $3.9m | $7.2m | $8.7m | $13.3m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $1.4m | $2.0m | $1.8m | $905k | $69k | $69k | $4.1m | $1.9m | $615k | $893k | |
| Share-based Payment Arrangement, Expense | $5.8m | $4.6m | $3.0m | $2.6m | $10.6m | $3.9m | $3.9m | $7.2m | $8.7m | $13.3m | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | — | $106.4m | $106.4m | — | — | — | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | $70.6m | $70.6m | $0 | |
| Impairment of Intangible Assets (Excluding Goodwill) | $5.4m | — | — | — | — | — | $23.1m | $20.5m | $320.0m | $60.8m | |
| Impairment of Intangible Assets, Finite-lived | $5.4m | — | — | — | — | — | $23.1m | $20.5m | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $5.4m | — | — | — | — | $106.4m | $106.4m | $20.5m | $320.0m | $60.8m | |
| Impairment of goodwill | — | — | — | — | — | $0 | $0 | $70.6m | $70.6m | $0 | |
| Impairment of assets held for sale | — | — | — | — | — | $106.4m | $0 | $0 | $0 | $28.5m | |
| Impairment of intangible assets | $5.4m | — | — | — | — | $23.1m | $20.5m | $320.0m | $320.0m | $60.8m | |
| Share-based compensation expense | $4.6m | $3.0m | $2.6m | $2.6m | $10.6m | $5.4m | $7.2m | $8.7m | $8.7m | $13.3m | |
| Payments of tax withholding on behalf of employees for net share settlement of share-based compensation | ($2.0m) | ($1.8m) | ($905k) | $905k | ($69k) | ($1.7m) | ($1.9m) | ($615k) | $615k | ($893k) | |
| Gain (Loss) on Disposition of Property Plant Equipment | $208k | $931k | $97k | $50k | $50k | $7.1m | $7.1m | $558k | $558k | $1.1m | |
| Gain (Loss) on Disposition of Assets | $791k | ($1.6m) | $176.4m | — | — | $7.1m | $7.1m | ($137.8m) | ($135k) | — | |
| Gain (Loss) on Extinguishment of Debt | ($2.8m) | ($1.2m) | ($13.1m) | ($1.2m) | — | $0 | $0 | $911k | ($2.1m) | $2.8m | |
| Income Tax Expense (Benefit) | $67.6m | ($69.4m) | $49.8m | $29.3m | $45.4m | ($7.5m) | ($7.5m) | ($935k) | ($79.3m) | ($4.5m) | |
| Operating Lease, Expense | — | — | — | — | — | $19.3m | $19.3m | $20.5m | $20.6m | $21.6m | |
| Other Nonoperating Income (Expense) | $363k | $1.6m | $3.6m | $1.2m | $2.6m | $7.4m | $7.4m | $3.8m | $4.2m | $4.8m | |
| Right-of-use assets obtained in exchange for new operating lease liabilities | — | — | $903k | $903k | $1.5m | $46.4m | $20.8m | $2.8m | $2.8m | $15.3m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $45.8m | $18.0m | $12.9m | ($13.9m) | ($10.8m) | $5.8m | $5.8m | ($7.3m) | $30.3m | ($32.1m) | |
| Increase (Decrease) in Inventories | ($2.4m) | $139.5m | ($88.0m) | $57.4m | ($17.3m) | $125.0m | $125.0m | ($89.9m) | ($43.2m) | $23.3m | |
| Accounts Receivable, Credit Loss Expense (Reversal) | — | — | — | — | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | — | — | — | $2.4m | $2.4m | $60k | $60k | $0 | $0 | — | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | — | — | — | — | — | — | — | — | $2.9m | $2.9m | |
| Goodwill | $614.3m | $649.3m | $584.4m | $596.4m | $644.7m | $619.2m | $619.2m | $619.4m | $548.2m | $543.8m | |
| Inventory Write-down | $3.3m | $3.3m | — | — | — | — | — | — | — | — | |
| Payments of Financing Costs | $14.5m | $19.5m | $13.0m | $13.0m | $9.1m | $9.1m | $276k | $11.7m | $12.6m | $882k | |
| Net loss | $217.5m | $172.4m | $76.4m | $76.4m | $132.0m | $67.4m | ($66.2m) | ($251.3m) | ($251.3m) | ($43.3m) | |
| (Gain) loss on sales of assets | — | — | — | — | — | ($7.1m) | $138.5m | $135k | $135k | ($2.9m) | |
| Trade accounts receivable | ($18.0m) | ($12.9m) | $13.9m | $13.9m | $10.8m | ($12.5m) | $7.3m | ($30.3m) | ($30.3m) | $32.1m | |
| Inventories | ($139.5m) | $88.0m | ($57.4m) | ($57.4m) | $17.3m | ($117.3m) | $89.9m | $43.2m | $43.2m | ($23.3m) | |
| Prepaid expenses and other current assets | $6.6m | ($302k) | ($4.6m) | ($4.6m) | ($18.0m) | $5.2m | ($3.1m) | $2.3m | $2.3m | ($14.4m) | |
| Income tax receivable/payable, net | ($9.8m) | $46.0m | ($38.7m) | ($38.7m) | ($7.1m) | $13.7m | $575k | ($1.5m) | ($1.5m) | ($8.0m) | |
| Other assets | ($6.5m) | $307k | $143k | $143k | ($151k) | ($1.5m) | ($4.3m) | ($13.7m) | ($13.7m) | ($9.3m) | |
| Trade accounts payable | $16.6m | $14.8m | ($26.9m) | ($26.9m) | $4.9m | $10.5m | ($8.3m) | ($9.2m) | ($9.2m) | ($3.1m) | |
| Accrued expenses and lease liabilities | ($17.3m) | $1.4m | ($10.7m) | ($10.7m) | $10.8m | ($25.0m) | ($5.6m) | ($13.8m) | ($13.8m) | ($29.5m) | |
| Other liabilities | $3.0m | $1.6m | ($3.5m) | ($3.5m) | ($2.6m) | $1.6m | $2.7m | $8.3m | $8.3m | $8.2m | |
| Proceeds from sales of assets | — | — | — | — | — | $10.4m | $107.3m | ($422k) | $422k | $70.0m | |
| Redemptions and repurchases of senior notes | ($233.6m) | ($650.1m) | ($700.0m) | $700.0m | ($78.4m) | $0 | ($632.4m) | ($266.1m) | $266.1m | ($37.8m) | |
| Proceeds from issuance of senior secured notes | — | — | — | — | — | $0 | $550.0m | $250.0m | $250.0m | $0 | |
| Repayments of borrowings under term loan facility | — | — | — | — | — | $0 | ($143.0m) | ($528.6m) | $528.6m | ($5.6m) | |
| Borrowings under term loan facility | — | — | — | — | — | $0 | $0 | $450.0m | $450.0m | $0 | |
| Repayments of borrowings under revolving credit facility | ($571.0m) | ($170.0m) | ($645.0m) | $645.0m | ($520.0m) | ($295.0m) | ($552.5m) | ($365.0m) | $365.0m | ($225.0m) | |
| Borrowings under revolving credit facility | $395.0m | $220.0m | $595.0m | $595.0m | $755.0m | $225.0m | $440.0m | $440.0m | $440.0m | $195.0m | |
| Cash interest payments | $75.8m | $102.1m | $88.0m | $88.0m | $97.4m | $102.5m | $141.9m | $142.4m | $142.4m | $149.0m | |
| Cash income tax payments, net of refunds | $17.2m | $4.7m | $47.5m | $47.5m | $9.8m | $5.7m | $24.8m | $21.2m | $21.2m | $5.8m | |
| Net cash provided by operating activities | $128.5m | $37.8m | $209.5m | $46.5m | — | $281.5m | $93.9m | $247.8m | $130.9m | — | |
| Net Cash Provided by (Used in) Operating Activities | $128.5m | $37.8m | $209.5m | $46.5m | $281.5m | $281.5m | $6.0m | $247.8m | $130.9m | $101.4m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $42.4m | $59.8m | $41.6m | $42.4m | $26.7m | ($26.7m) | $22.3m | ($25.7m) | $27.3m | $30.6m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $438.8m | $163.0m | $30.8m | $82.4m | $542.5m | $27.3m | $27.3m | $0 | $0 | — | |
| Net Cash Provided by (Used in) Investing Activities | ($892.4m) | ($220.5m) | $347.6m | ($124.7m) | ($568.9m) | ($568.9m) | ($39.1m) | $81.6m | ($27.7m) | $39.3m | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | — | — | — | — | — | — | — | — | — | — | |
| Repayments of Long-term Debt | $150.0m | — | — | — | — | — | — | — | — | — | |
| Payments of debt financing costs | ($19.5m) | $19.5m | ($13.0m) | $13.0m | ($9.1m) | ($276k) | ($11.7m) | ($12.6m) | $12.6m | ($882k) | |
| Proceeds from Issuance of Common Stock | $331.9m | $112k | $60k | — | — | $65.2m | $65.2m | $73.8m | $0 | $0 | |
| Proceeds from issuance of common stock, net | $112k | $60k | $60k | — | — | $110.2m | $73.8m | $0 | $0 | $0 | |
| Payments for Repurchase of Common Stock | — | $26.9m | $26.9m | $34.7m | — | — | — | — | — | — | |
| Payments of Ordinary Dividends, Common Stock | $100.8m | $123.6m | $124.5m | $123.7m | $121.9m | $133.4m | $133.4m | $56.0m | $60.0m | $60.6m | |
| Payments of Dividends | $100.8m | $123.6m | $124.5m | $123.7m | $121.9m | $133.4m | $133.4m | $56.0m | $60.0m | $60.6m | |
| Dividends Payable, Current | $30.9m | $30.9m | $31.2m | $30.4m | $30.5m | $13.6m | $13.6m | $14.9m | $15.0m | $15.2m | |
| Dividends Payable | $30.9m | $30.9m | $31.2m | $30.4m | $30.5m | $13.6m | $13.6m | $14.9m | $15.0m | $15.2m | |
| Dividends paid | ($123.6m) | ($124.5m) | ($123.7m) | ($123.7m) | ($121.9m) | ($122.9m) | ($56.0m) | ($60.0m) | ($60.0m) | ($60.6m) | |
| Dividends declared and not yet paid | $30.9m | $31.2m | $30.4m | $30.4m | $30.5m | $32.5m | $14.9m | $15.0m | $15.0m | $15.2m | |
| Net Cash Provided by (Used in) Financing Activities | $767.4m | $359.3m | ($753.3m) | $77.7m | $328.0m | $328.0m | $45.3m | ($333.7m) | ($93.0m) | ($135.8m) | |
| Effect of exchange rate fluctuations on cash and cash equivalents | $1.1m | $1.4m | $189k | $189k | $331k | $315k | ($9k) | ($777k) | ($777k) | $813k | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $218k | $1.1m | ($194.9m) | ($333k) | $40.9m | $331k | $11.8m | ($4.3m) | $9.5m | $5.7m | |
| Net increase (decrease) in cash and cash equivalents | $177.7m | ($194.9m) | ($333k) | ($333k) | $40.9m | ($18.5m) | ($4.3m) | $9.5m | $9.5m | $5.7m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $11.6m | $11.6m | $11.3m | $52.2m | $45.4m | $45.4m | $41.1m | $50.6m | $56.3m | |
| Cash and cash equivalents at beginning of year | $28.8m | $11.6m | $11.3m | $11.3m | $52.2m | $33.7m | $41.1m | $50.6m | $50.6m | $56.3m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $75.8m | $75.8m | $102.1m | $88.0m | $97.4m | $119.1m | $119.1m | $141.9m | $142.4m | $149.0m | |
| Income Taxes Paid, Net | $15.4m | $17.2m | $4.7m | $47.5m | $9.8m | $25.6m | $25.6m | $24.8m | $21.2m | $5.8m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.