Clearfield, 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 $8.0m $3.8m $4.3m $4.6m $7.3m $20.3m $49.4m $32.5m ($12.5m) ($8.1m)
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $1.2m $3.9m $6.3m
Depreciation, Depletion and Amortization $1.4m $1.6m $2.0m $2.2m $2.4m $2.3m $3.4m $6.1m $7.4m $6.1m
Amortization of Intangible Assets $299k $473k $478k $602k $766k $1.1m $1.6m $219k
Depreciation $1.4m $1.6m $1.7m $1.7m $1.9m $1.7m $2.6m $4.9m $5.8m $3.9m
Deferred Income Tax Expense (Benefit) $2.3m $32k ($339k) ($3k) ($280k) ($187k) ($334k) ($1.9m) ($4.1m) $2.3m
Share-based Payment Arrangement, Noncash Expense $1.4m $2.3m $2.0m $1.7m $774k $1.3m $2.3m $3.6m $4.6m $4.6m
Payment, Tax Withholding, Share-based Payment Arrangement $438k $953k $489k $553k $176k $462k $1.4m $1.2m $493k $494k
Share-based Payment Arrangement, Expense $1.4m $2.3m $2.0m $1.7m $774k $1.3m $2.3m $3.6m $4.6m $4.6m
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Gain (Loss) on Disposition of Assets ($12k) ($35k) $18k ($6k) $0 ($13k) $3k $10k $284k
Income Tax Expense (Benefit) $2.9m $1.7m $1.3m $1.4m $1.9m $5.4m $14.5m $9.1m ($3.8m) $2.4m
Operating Lease, Expense $1.1m $1.2m $2.8m $4.3m $4.6m $3.7m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $2.0m ($762k) $5.6m ($3.5m) $1.4m $9.2m $24.2m ($26.3m) ($7.8m) $3.5m
Increase (Decrease) in Inventories $1.2m $80k ($1.2m) ($1.0m) $5.4m $13.1m $43.7m $15.1m ($32.0m) ($13.6m)
Goodwill $2.6m $2.6m $4.7m $4.7m $4.7m $4.7m $6.4m $6.5m $6.6m $4.7m
Investment Income, Interest $157k $274k $457k $738k $771k $500k $328k $5.2m $7.5m $6.5m
Proceeds from Stock Options Exercised $549k $29k $24k $3k $10k
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax $1.2m $3.9m ($3.9m)
Net Cash Provided by (Used in) Operating Activities $11.6m $6.3m $4.5m $14.7m $6.7m $10.9m $1.0m $20.0m $22.2m $2.9m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $1.6m $2.0m $1.1m $2.5m $1.8m $2.0m $8.5m $7.7m $9.6m $4.7m
Payments to Acquire Businesses, Net of Cash Acquired $16.2m $0 $0
Payments to Acquire Investments $8.1m $17.6m $7.3m $20.3m $34.1m $24.8m $248k $210.9m $159.4m $119.1m
Net Cash Provided by (Used in) Investing Activities ($1.6m) ($11.5m) ($12.6m) ($13.0m) ($41k) ($13.6m) ($8.2m) ($112.2m) ($6.9m) ($1.8m)
Cash flows from financing activities:
Repayments of Long-term Debt $2.2m $0
Proceeds from Issuance of Common Stock $254k $335k $298k $314k $349k $384k $544k $130.3m $0 $0
Payments for Repurchase of Common Stock $334k $3.6m $1.8m $429k $0 $0 $0 $33.4m $16.7m
Net Cash Provided by (Used in) Financing Activities $32k ($4.2m) ($1.9m) ($237k) ($247k) ($536k) $10.7m $113.4m ($36.9m) $3.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $6.4m ($3.2m) $3.4m $21.2m ($21.7m) $6.3m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $0 $0 $119k $463k $394k $0
Income Taxes Paid, Net $1.1m $1.5m $720k $1.7m $1.4m $5.5m $13.7m $13.0m $159k $1.7m