← BRADY CORP
| 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 | $80.1m | $95.6m | $91.1m | $131.3m | $112.4m | $129.7m | $150.0m | $174.9m | $197.2m | $189.3m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $80.1m | $95.6m | $91.1m | $131.3m | $112.4m | $129.7m | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $0 | $0 | — | — | — | — | — | — | — | — | |
| Depreciation, Depletion and Amortization | $32.4m | $27.3m | $25.4m | $23.8m | $23.4m | $25.5m | $34.2m | $32.4m | $29.9m | $40.6m | |
| Amortization of Intangible Assets | $9.1m | $7.1m | $6.4m | $5.8m | $5.2m | $7.1m | $15.0m | $11.7m | $9.4m | $18.9m | |
| Depreciation | $23.4m | $20.2m | $19.0m | $18.0m | $18.2m | $18.4m | $19.2m | $20.6m | $20.5m | $21.7m | |
| Deferred Income Tax Expense (Benefit) | $2.9m | ($9.3m) | $30.6m | $7.8m | ($1.0m) | ($9.0m) | ($1.6m) | ($12.5m) | ($9.4m) | ($7.6m) | |
| Share-based Payment Arrangement, Noncash Expense | $8.2m | $9.5m | $10.0m | $12.1m | $8.8m | $10.1m | $10.5m | $7.5m | $7.4m | $11.9m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | $9.1m | $2.8m | $5.1m | $2.0m | $2.8m | $2.7m | |
| Share-based Payment Arrangement, Expense | $8.2m | $9.5m | $10.0m | $12.1m | $8.8m | $10.1m | $10.5m | $7.5m | $7.4m | $11.9m | |
| Goodwill and Intangible Asset Impairment | $0 | $0 | — | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | $6.7m | — | — | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | $8.7m | — | $0 | — | — | — | |
| Operating Lease, Impairment Loss | — | — | — | — | $2.5m | — | — | — | — | — | |
| Gain (Loss) on Disposition of Business | — | — | ($4.7m) | $0 | $0 | — | — | $3.8m | $0 | $0 | |
| Income (Loss) from Equity Method Investments | — | — | — | — | ($246k) | ($5.8m) | $0 | $0 | — | — | |
| Income Tax Expense (Benefit) | $29.2m | $31.0m | $61.0m | $33.4m | $28.3m | $35.6m | $42.0m | $50.8m | $50.6m | $47.8m | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | $4.3m | $244k | $4.0m | $7.6m | $5.2m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | ($8.2m) | ($766k) | $16.6m | ($3.5m) | ($13.9m) | $12.6m | $25.3m | ($2.4m) | $6.6m | $14.4m | |
| Increase (Decrease) in Inventories | ($4.8m) | $5.7m | $7.6m | $9.9m | $13.9m | ($7.3m) | $62.9m | ($15.0m) | ($21.7m) | $18.9m | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | $0 | $0 | $4.7m | $0 | $0 | — | — | — | — | — | |
| Goodwill | $429.9m | $437.7m | $419.8m | $411.0m | $416.0m | $614.1m | $586.8m | $592.6m | $589.6m | $676.9m | |
| Operating Expenses | $440.9m | $427.3m | $435.6m | $416.2m | $390.5m | $394.3m | $438.5m | $432.1m | $444.5m | $524.2m | |
| Proceeds from Stock Options Exercised | — | — | — | — | — | $1.8m | $1.1m | $4.1m | $8.2m | $6.2m | |
| Net Cash Provided by (Used in) Operating Activities | $139.0m | $144.0m | $143.0m | $162.2m | $141.0m | $205.7m | $118.4m | $209.1m | $255.1m | $181.2m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $17.1m | $15.2m | $21.8m | $32.8m | $27.3m | $27.2m | $43.1m | $19.2m | $79.9m | $27.6m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | $244.0m | $0 | $0 | — | $144.5m | |
| Payments for (Proceeds from) Other Investing Activities | ($1.7m) | $86k | $269k | $1.6m | $2.8m | ($2.6m) | ($67k) | ($12k) | $1.2m | ($864k) | |
| Net Cash Provided by (Used in) Investing Activities | ($15.4m) | ($15.3m) | ($2.9m) | ($34.5m) | ($36.1m) | ($268.6m) | ($43.1m) | ($11.2m) | ($81.0m) | ($171.3m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Common Stock | $5.2m | $19.7m | $12.1m | $23.5m | $5.5m | — | — | — | — | — | |
| Payments for Repurchase of Common Stock | $23.6m | $0 | $1.5m | $3.2m | $64.5m | $3.6m | $109.2m | $75.0m | $72.2m | $50.8m | |
| Payments of Ordinary Dividends, Common Stock | $41 | $42 | $43 | $45 | $46 | $46 | $46 | $45 | $45 | $46 | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | $33k | $116k | $66k | $149k | $190k | |
| Net Cash Provided by (Used in) Financing Activities | ($99.6m) | ($136.2m) | ($90.7m) | ($27.6m) | ($163.5m) | ($12.3m) | ($102.1m) | ($163.6m) | ($70.5m) | ($83.9m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | ($2.8m) | $4.9m | ($6.6m) | $3.1m | ($4.9m) | ($1.8m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | ($61.4m) | ($70.3m) | ($33.3m) | $37.5m | $98.6m | ($75.8m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | $114.1m | $151.5m | $250.1m | $174.3m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $8.5m | $5.8m | $3.0m | $2.7m | $2.4m | $373k | $1.1m | $3.4m | $2.9m | $4.7m | |
| Income Taxes Paid, Net | $28.5m | $31.9m | $33.3m | $24.3m | $29.6m | $46.9m | $33.8m | $58.8m | $62.1m | $71.1m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.