← Bowman Consulting Group Ltd.

Annual Trend FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Net income $15.3m $37.1m $990k $299k $5.0m ($6.6m) $3.0m $12.8m
Net income and comprehensive income $15.3m $37.1m $49.2m — — — — —
Depreciation and amortization - property and equipment — — $2.0m $6.0m $8.4m $9.7m $14.5m $17.2m
Amortization of intangible assets $412k $711k $241k $397k $3.9m $9.0m $14.0m $10.3m
Depreciation $58.4m $101.6m $88.8m $108.0m $119.3m $131.3m $185.0m $217.2m
Amortization of deferred financing costs $539k $969k $1.1m $1.1m $1.1m $1.6m $3.0m $2.9m
Deferred taxes — — $326k ($2.2m) ($18.0m) ($25.5m) ($20.0m) $36.5m
Deferred income tax expense $6.1m $2.8m $11.3m $8.3m $15.4m $16.0m $19.2m $14.7m
Loss on disposal of property, plant and equipment ($158k) ($31k) $659k ($85k) $536k $1.7m $767k $822k
Net changes in non-cash working capital $14.2m $8.5m ($3.4m) $671k ($13.3m) $50.6m ($59.4m) ($4.7m)
Gain on sale of assets — — ($110k) ($122k) ($82k) ($411k) ($477k) ($909k)
Credit losses — — $3.0m $496k $742k $515k $1.6m $1.6m
Stock based compensation $11.5m $9.4m $5.1m $8.2m $15.1m $24.7m $25.7m $18.8m
Accretion of discounts on notes payable — — — $0 $258k $642k $483k $1.1m
Accounts receivable — — $1.5m ($8.8m) ($13.8m) ($13.6m) ($9.3m) ($23.1m)
Contract assets — — $3.0m ($387k) ($4.6m) ($10.9m) ($4.1m) ($8.8m)
Prepaid expenses and other assets — — — — ($2.1m) $143k ($5.7m) $3.2m
Accounts payable and accrued expenses — — ($520k) $3.3m $15.8m $27.7m $7.6m ($33.7m)
Contract liabilities — — ($5.9m) ($192k) ($1.4m) ($3.8m) ($3.1m) $723k
Purchases of property and equipment ($81.1m) ($157.0m) ($924k) ($905k) ($902k) ($2.1m) ($626k) ($2.4m)
Proceeds from sale of assets and disposal of leases — — — — — $411k $478k $1.0m
Payments received under loans to shareholders — — $228k $36k $49k $115k $11k $0
Payments received under notes receivable — — $19k — — — $0 $1.2m
Capitalized internal-use software development costs — — — — — — $0 ($370k)
Purchase of intangible asset ($380k) ($422k) ($272k) ($1.2m) ($3.8m) $0 ($2.9m) $0
Collections under stock subscription notes receivable — — $196k $332k $104k $98k $46k $30k
Borrowings under revolving credit facility — — — — $0 $45.3m — $58.4m
Repayments under revolving credit facility — — ($4.9m) ($3.5m) $0 — ($8.3m) —
Repayments under fixed line of credit — — ($485k) ($722k) ($734k) ($430k) ($345k) $0
Proceeds from notes payable — — — — — $0 $6.2m $0
Repayment under notes payable — — ($1.8m) ($1.1m) ($4.6m) ($11.2m) ($16.3m) ($17.6m)
Proceeds from finance leases — — — — — $0 $4.6m $0
Payments on finance leases — ($38.2m) ($34.6m) ($4.7m) ($6.0m) ($6.8m) ($9.0m) ($12.8m)
Payment of contingent consideration from acquisitions — — ($106k) ($2k) $0 $0 ($2.3m) ($1.4m)
Payments for purchase of treasury stock — — — — ($3.3m) ($4.8m) ($11.1m) ($5.2m)
Property and equipment acquired under finance lease — — ($11.4m) ($8.9m) ($8.1m) ($8.2m) ($11.9m) ($22.3m)
Note payable converted to common shares — — — — $0 ($1.3m) ($3.4m) ($1.8m)
Issuance of notes payable for acquisitions — — — ($10.2m) ($19.1m) ($13.7m) ($21.6m) ($36.5m)
Issuance of contingent consideration — — — — ($487k) ($10.4m) ($2.0m) $0
Settlement of contingent consideration — — — — — $0 $1.9m $3.0m
Loss (gain) on derivative financial instruments — $0 ($4.3m) ($2.7m) ($778k) ($6.1m) ($4.0m) $9.4m
Equity earnings in affiliates and joint ventures ($60k) ($2.8m) ($7.7m) ($21.9m) ($37.1m) ($25.2m) ($15.3m) $11.3m
Change in fair value of contingent obligations — — — — $0 $8.3m $53.2m ($26.9m)
Unrealized foreign currency loss (gain) — — — — — $7.7m ($2.8m) $2.3m
Other adjustments to cash from operating activities $17k $255k $483k ($158k) ($896k) $1.7m $1.4m $1.4m
Buyout of BNA Remanufacturing LP, net of cash acquired — — — $0 ($2.2m) $0 ($3.9m) $0
Net collections (advances) of loans with affiliates and joint ventures $280k $2.9m $3.5m $3.7m ($16.6m) ($2.3m) $4.1m $8.9m
Cash settlement of derivative financial instruments — — $0 $7.1m $0 $2.6m $4.0m $0
Settlement of convertible debentures — — — — — — $0 ($1.4m)
Financing costs ($848k) ($2.7m) ($965k) ($3.6m) ($318k) ($5.8m) ($1.0m) ($9.5m)
Purchase of treasury shares ($5.1m) ($10.4m) ($9.9m) ($5.5m) ($2.0m) ($6.0m) ($2.5m) ($3.3m)
Cash settlement of deferred share unit plan $0 ($5.1m) ($103k) ($2.3m) $0 ($7.8m) $0 —
Net payment on the wind up of affiliates and joint ventures — — — — $0 ($387k) $0 —
Investment in affiliates and joint ventures ($31.9m) $0 ($1.8m) ($2.0m) $0 — — —
Proceeds from exercise of stock options $1.0m $2.0m $537k $519k $0 — — —
Cash reclassification to investments in affiliates and joint ventures from change in presentation of NL Partnership $0 ($10.6m) $0 — — — — —
Lease inducement received $1.4m $0 — — — — — —
Loss on sublease $1.7m $0 — — — — — —
Acquisition of heavy construction fleet and related assets ($151.2m) $0 — — — — — —
Additions to other long-term receivable ($619k) $0 — — — — — —
Repayment of finance lease obligations ($32.1m) ($38.2m) — — — — — —
Net cash provided by operating activities $109.4m $157.9m $10.8m $4.7m $9.2m $11.7m $24.3m $35.8m
Proceeds on disposal of property, plant and equipment $36.3m $4.5m $2.8m $17.1m $3.4m $10.4m $13.6m $11.7m
Acquisitions of businesses, net of cash acquired — — ($416k) ($20.3m) ($18.0m) ($25.7m) ($24.4m) ($35.2m)
Net cash used in investing activities ($228.6m) ($160.7m) ($2.4m) ($21.5m) ($18.8m) ($27.2m) ($27.5m) ($35.8m)
Proceeds from long-term debt $267.9m $227.8m $145.2m $135.0m $83.4m $340.0m $234.5m $757.4m
Repayment of long-term debt ($88.8m) ($186.9m) ($82.3m) ($164.4m) ($58.6m) ($315.6m) ($130.3m) ($629.7m)
Proceeds from common stock offering, net of underwriting discounts and commissions and other offering costs — — — $0 $15.5m $0 $47.2m $0
Proceeds from the issuance of common stock — — $63k $555k $1.5m $1.6m $1.9m $1.8m
Repurchases of common stock ($9.5m) $0 ($1.3m) ($582k) ($3.3m) ($745k) ($23.3m) ($18.8m)
Distribution paid to noncontrolling interest of affiliates $0 ($280k) $0 — — — — —
Dividends received from affiliates and joint ventures $0 $4.4m $8.6m $11.3m $12.8m $19.3m $7.3m $2.2m
Dividends paid ($2.0m) ($2.5m) ($4.4m) ($4.4m) ($7.8m) ($10.0m) ($10.6m) ($13.4m)
Net cash provided by (used in) financing activities $130.6m ($11.2m) ($8.5m) $37.0m $2.2m $22.8m ($10.8m) $4.3m
Effect of exchange rate on changes in cash — — $0 $2k $304k ($6.0m) $353k $1.4m
Net increase (decrease) in cash and cash equivalents $11.3m ($14.0m) ($123k) $20.2m ($7.3m) $7.4m ($14.0m) $4.4m
Increase (decrease) in cash — — $38.2m ($26.8m) $52.2m $25.5m ($11.1m) $20.8m
Cash and cash equivalents, beginning of period $8.2m $19.5m $386k $20.6m $13.3m $20.7m $6.7m $11.1m
Cash paid for interest — — $609k $887k $1.9m $4.2m $6.6m $7.7m
Cash paid for income taxes — — $543k $1.9m $400k $1.1m $8.5m $702k

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