Traeger, Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Depreciation of property, plant, and equipment $6.1m $7.8m $9.2m $13.8m $15.0m $13.9m $12.1m
Amortization of intangible assets $33.1m $33.2m $38.4m $42.7m $42.8m $42.5m $42.0m
Amortization of deferred financing costs $2.6m $2.8m $2.5m $2.0m $2.0m $2.0m $2.0m
Amortization of dedesignated cash flow hedge $0 $0 ($10.4m) ($6.7m) ($3.7m)
Goodwill impairment $0 $0 $222.3m $0 $0 $74.7m
Loss (gain) on disposal of property, plant, and equipment $618k $186k $274k $1.1m $2.2m $649k ($83k)
Net loss ($29.6m) $31.6m ($88.8m) ($382.1m) ($84.4m) ($34.0m) ($115.2m)
Stock-based compensation expense $2.4m $12.8m $81.1m $87.7m $53.2m $27.9m $15.3m
Unrealized loss on derivative contracts ($581k) ($6.1m) $4.8m $2.4m $4.0m $10.0m $5.1m
Change in contingent consideration $0 $3.8m $6.7m $4.5m ($15.0m) $0
Other non-cash adjustments $0 $0 $334k $77k ($233k) ($2.7m)
Accounts receivable ($8.5m) ($30.2m) ($26.4m) $51.1m ($17.7m) ($25.4m) $3.1m
Inventories ($4.9m) ($29.5m) ($70.8m) ($11.9m) $57.3m ($11.2m) $8.5m
Prepaid expenses and other current assets ($49k) ($4.3m) ($5.8m) ($3.0m) ($4.2m) ($7.6m) $14.4m
Other non-current assets $0 $0 ($681k) $78k ($568k) $148k $114k
Accounts payable and accrued expenses $17.1m $28.4m $19.2m ($28.2m) $2.4m $27.0m ($35.2m)
Capitalization of patent costs ($503k) ($511k) ($563k) ($506k) ($460k) ($448k) ($506k)
Proceeds from line of credit $34.5m $57.0m $118.0m $179.0m $115.9m $63.0m $59.0m
Repayments on line of credit ($40.0m) ($67.0m) ($67.9m) ($145.4m) ($171.2m) ($86.4m) ($64.0m)
Payment of deferred financing costs $0 ($810k) ($8.6m) $0 $0 ($119k) ($904k)
Principal payments on finance lease liabilities ($310k) ($382k) ($505k) ($514k) ($521k) ($543k)
Payments of acquisition related contingent consideration $0 $0 ($9.3m) ($12.2m) $0 $0
Equipment purchased under finance leases $350k $393k $645k $1.1m $460k $292k $450k
Property, plant, and equipment included in accounts payable and accrued expenses $318k $576k $8.6m $2.1m $4.0m $678k $2.7m
Net cash provided by operating activities $18.5m $46.6m ($28.4m) $5.1m $64.0m $23.9m $20.5m
Purchase of property, plant, and equipment ($7.5m) ($14.1m) ($22.5m) ($18.4m) ($19.9m) ($12.0m) ($6.9m)
Proceeds from sale of property, plant, and equipment $48k $21k $0 $0 $3.0m $113k $108k
Net cash used in investing activities ($9.0m) ($27.3m) ($79.9m) ($18.9m) ($17.4m) ($12.3m) ($7.3m)
Repayments of long-term debt ($3.4m) ($3.4m) ($579.9m) ($125k) ($250k) ($250k) ($250k)
Net cash used in financing activities ($9.3m) ($14.8m) $113.5m $48.6m ($68.3m) ($26.5m) ($8.5m)
Net increase (decrease) in cash and cash equivalents $229k $4.5m $5.2m $34.8m ($21.6m) ($14.9m) $4.6m
Cash and cash equivalents at beginning of period $7.1m $11.6m $16.7m $51.6m $29.9m $15.0m $19.6m
Cash paid during the period for interest $36.8m $31.3m $23.4m $25.1m $40.1m $38.5m $33.2m
Taxes paid related to net share settlement of equity awards $124k $0 $0 ($41k) $0 ($2.2m) ($1.8m)