← CERAGON NETWORKS LTD

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 $11.4m $15.6m $23.0m ($2.3m) ($17.1m) ($14.8m) ($19.7m) $6.2m $24.1m ($2.1m)
Depreciation and amortization $10.0m $9.2m $7.8m $9.7m $12.9m $12.2m $11.0m $10.0m $12.1m $14.3m
Amortization of Intangible Assets $1.6m $1.5m $0 $136k $393k $401k $420k $632k $1.8m $3.5m
Depreciation $8.4m $7.7m $7.8m $9.6m $10.7m $11.8m $10.6m $9.3m $10.3m $10.8m
Deferred Income Tax Expense (Benefit) $343k $497k ($6.6m) ($258k) ($23k) $8.8m $1.3m $2.8m $413k $0
Share-based Payment Arrangement, Noncash Expense $1.1m $1.2m $2.0m $2.1m $1.7m $2.6m $3.6m $4.0m $4.3m $4.1m
Share-based Payment Arrangement, Expense $1.1m $1.2m $2.0m $2.1m $1.7m $2.6m $3.6m $4.0m $4.3m $4.1m
Gain (Loss) on Disposition of Property Plant Equipment — — — — $0 ($82k) ($20k) ($61k) ($207k) ($44k)
Income (Loss) from Equity Method Investments — — — ($649k) ($979k) — $0 — — —
Income Tax Expense (Benefit) $1.8m $1.7m ($3.3m) $2.5m $2.6m $11.0m $2.4m $6.5m $3.2m $2.8m
Operating Lease, Expense — — — $5.6m $5.5m $4.9m $4.4m $4.0m — —
Other Nonoperating Income (Expense) — — — ($207k) ($894k) $304k ($170k) — — —
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable ($11.1m) $6.4m $11.1m ($4.5m) ($9.3m) $11.2m ($18.4m) $2.4m $46.2m ($52.6m)
Increase (Decrease) in Inventories ($4.7m) $8.6m $956k $9.5m ($9.9m) $11.9m $11.2m ($6.3m) ($7.6m) $2.1m
Increase (Decrease) in Accounts Payable ($2.4m) $4.8m $2.3m ($15.9m) $2.0m $5.9m ($2.0m) ($1.8m) $23.0m ($22.1m)
General and Administrative Expense $20.4m $18.6m $19.4m $23.3m $19.2m $20.6m $34.3m $23.8m $14.2m $24.4m
Goodwill — — — — — — — $7.7m $7.7m $11.0m
Inventory Write-down $4.5m $3.9m $2.8m $4.8m $2.9m $1.9m $2.0m $7.7m $3.9m $2.8m
Investment Income, Interest $242k $126k $111k $111k $79k $160k $107k $93k $143k $246k
Litigation Settlement Loss — — — — — — — — $1.2m $1.2m
Nonoperating Income (Expense) ($6.3m) ($5.9m) ($6.3m) ($6.5m) ($5.9m) ($8.6m) ($6.3m) ($8.5m) ($11.5m) ($6.5m)
Operating Expenses $79.7m $84.2m $90.0m $89.5m $83.2m $83.6m $104.0m $98.7m $98.1m $107.3m
Proceeds from Stock Options Exercised $75k $294k $2.6m $602k $1.2m $4.7m $410k $39k $5.9m $690k
Provision for Loan, Lease, and Other Losses — — — — $1.6m $3.1m $14.5m $3.9m $621k $616k
Restructuring Costs — — — — — — — $897k $1.4m $3.7m
Derivative, Gain (Loss) on Derivative, Net ($191k) ($766k) ($201k) — — — — ($498k) $0 $0
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax $261k $1.8m ($1.4m) $895k $225k — — — — —
Other Operating Income (Expense), Net — — — $895k $225k $1.5m ($2.1m) — — —
Net Cash Provided by (Used in) Operating Activities $25.8m $17.2m $22.5m ($12.9m) $17.2m ($15.0m) ($4.9m) $30.9m $26.2m $31.6m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $8.2m $8.5m $10.3m $11.6m $6.1m $9.4m $10.5m $10.0m $14.6m $13.6m
Payments to Acquire Businesses, Net of Cash Acquired — — — — — $0 $0 $8.0m $0 $6.6m
Payments for (Proceeds from) Other Investing Activities — — ($48k) ($1.0m) — — — — — —
Net Cash Provided by (Used in) Investing Activities ($8.2m) ($10.9m) ($15.3m) ($13.9m) ($6.5m) ($9.4m) ($12.4m) ($20.9m) ($16.5m) ($24.0m)
Cash flows from financing activities:
Net Cash Provided by (Used in) Financing Activities ($17.8m) ($16.7m) $2.6m $15.2m ($7.4m) $14.5m $23.1m ($4.9m) ($1.5m) ($5.5m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — ($259k) — ($11.6m) $3.2m ($10.0m) $5.9m $5.3m $7.1m $3.1m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — — $22.9m $28.2m $35.3m $38.4m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $1.7m $1.8m $1.8m $1.8m $1.1m $1.3m $3.5m $6.0m $4.7m $3.6m
Income Taxes Paid, Net $1.4m $2.5m $1.6m $3.8m $3.0m $2.0m $1.9m $2.8m $1.1m $2.6m

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