Cadre Holdings, Inc.

Annual Trend FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Net income $38.5m $12.7m $5.8m $38.6m $36.1m $44.1m
Depreciation and amortization $14.7m $13.7m $15.7m $15.7m $16.4m $18.6m
Amortization of original issue discount and debt issue costs $2.2m $3.2m $740k $479k $1.1m $1.3m
Amortization of inventory step-up $4.3m $3.9m $1.3m
Deferred income taxes ($12.2m) $4.8m ($1.1m) ($210k) ($2.1m) $2.4m
Stock-based compensation $355k $31.9m $9.4m $8.4m $12.2m
Remeasurement of contingent consideration $1.2m $1.9m
(Recoveries from) provision for losses on accounts receivable $177k ($188k) $417k $66k $764k ($108k)
Unrealized foreign exchange transaction gain ($940k) $102k $1.5m ($602k) $1.9m ($2.4m)
Other loss (gain) ($170k) ($381k) $496k $390k
Accounts receivable $11.8m ($4.6m) ($11.5m) $6.6m ($24.9m) $8.4m
Inventories $1.6m ($3.2m) $1.2m ($10.2m) $10.0m ($3.6m)
Prepaid expenses and other assets $1.8m ($4.6m) ($7.7m) ($302k) ($5.9m) ($4.5m)
Accounts payable and other liabilities $2.1m $2.7m $5.5m $14.0m ($15.6m) ($16.4m)
Purchase of property and equipment ($4.7m) ($2.8m) ($4.5m) ($6.7m) ($5.7m) ($6.9m)
Proceeds from disposition of property and equipment $12.4m $411k $207k $55k $77k
Proceeds from revolving credit facilities $382.1m $258.0m $43.0m $5.5m
Principal payments on revolving credit facilities ($384.2m) ($258.6m) ($43.0m) ($5.5m)
Proceeds from term loans $219.6m $198.7m $129.4m $97.5m
Principal payments on term loans ($276.4m) ($266.0m) ($10.1m) ($10.0m) ($43.3m) ($13.8m)
Proceeds from insurance premium financing $2.7m $5.0m $4.0m $3.9m
Principal payments on insurance premium financing ($2.9m) ($3.1m) ($5.0m) ($4.0m) ($2.2m)
Proceeds from exercise of stock options $3.4m
Proceeds from secondary offering, net of underwriter discounts $56.3m $91.8m
Deferred offering costs ($4.8m) ($3.0m) ($683k)
Other ($43k) ($25k) $33k $37k $207k
Accruals and accounts payable for capital expenditures $197k $172k $234k $176k $139k
Net cash provided by operating activities $45.4m $40.1m $46.4m $73.2m $31.8m $63.7m
Business acquisitions, net of cash acquired ($55.5m) ($141.8m) ($89.6m)
Net cash used in investing activities $19.8m ($2.8m) ($59.6m) ($6.5m) ($147.4m) ($96.4m)
Payments for debt issuance costs ($2.2m) ($3.1m)
Dividends distributed ($12.8m) ($11.5m) ($12.0m) ($13.9m) ($15.4m)
Net cash provided by (used in) financing activities ($64.9m) ($6.6m) $24.5m ($24.7m) $152.7m $31.6m
Effect of foreign exchange rates on cash, cash equivalents and restricted cash $52k $318k $183k $438k $224k $1.5m
Change in cash, cash equivalents and restricted cash $353k $31.0m $11.4m $42.4m $37.2m $394k
Cash, cash equivalents and restricted cash, beginning of period $2.9m $33.9m $45.3m $87.7m $124.9m $125.3m
Cash paid for interest $13.3m $6.1m $10.1m $14.4m $17.8m
Taxes paid in connection with employee stock transactions $1.2m ($6.3m) ($2.7m) ($5.3m) ($40.2m)
Cash paid for income taxes, net $1.2m $1.4m $8.7m $24.2m $24.9m