← Criteo S.A.

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 From Continuing Operations — — — — — — $10.9m $54.6m $114.7m $149.4m
Net Income (Loss) Attributable to Parent $82.3m $91.2m $88.6m $90.7m $71.7m $134.5m $9.0m $53.3m $111.6m $144.6m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $87.3m $96.7m $95.9m $96.0m $74.7m $137.6m $10.9m $54.6m $114.7m $149.0m
Net Income (Loss) Attributable to Noncontrolling Interest $5.1m $5.4m $7.2m $5.2m $3.0m $3.2m $1.9m $1.4m $3.1m $4.8m
Amortization of Intangible Assets $8.4m $27.2m $25.3m $36.9m $24.9m $22.6m $33.4m $48.3m $60.0m $89.0m
Capitalized Computer Software, Amortization — — — — — — — — — $9.5m
Depreciation $48.2m $66.1m $78.2m $56.6m $63.3m $65.8m $55.6m $51.4m $41.1m $33.3m
Amortization and provisions $62.7m $104.0m $111.8m $97.1m $106.6m $90.9m $150.3m $72.3m $87.8m $129.4m
Amortization Cash Flow — — — — — — $150.3m $72.3m $87.8m $129.4m
Amortization Of Intangibles — — — — — — $150.3m $72.3m $87.8m $129.4m
Depreciation Amortization Depletion — — — — — — $150.3m $72.3m $87.8m $129.4m
Deferred Income Tax Expense (Benefit) ($10.0m) ($13.3m) ($8.2m) $15.4m $3.7m ($18.6m) $3.6m ($23.6m) ($26.0m) ($7.5m)
Change in deferred taxes ($10.0m) ($13.3m) ($8.2m) $15.4m $3.7m ($18.6m) $3.6m ($23.6m) ($26.0m) ($7.5m)
Deferred Income Tax — — — — — — ($6.9m) ($20.0m) ($4.9m) ($19.2m)
Deferred Tax — — — — — — ($6.9m) ($20.0m) ($4.9m) ($19.2m)
Share-based Payment Arrangement, Noncash Expense $43.3m $71.6m $66.6m $41.0m $28.8m $44.5m $65.0m $97.2m $106.6m $57.8m
Share-based Payment Arrangement, Expense $41.6m $69.9m $65.1m $39.6m $27.1m $42.7m $65.0m $97.2m $102.6m $58.6m
Goodwill, Impairment Loss — — — — — — — $0 $0 —
Impairment of Intangible Assets (Excluding Goodwill) — — — — — — — — $5.7m $2.5m
Gain (loss) on disposal of and impairment of long-lived assets — — — — — — — ($7.9m) $7.4m $1.7m
Gain (Loss) on Disposition of Assets $81k ($794k) $869k — ($2.7m) ($2.0m) $194k $7.9m ($1.9m) —
Gain (Loss) on Disposition of Property Plant Equipment $7.8m $13.7m ($8.5m) ($15.2m) $1.8m $3.0m ($71k) $8.3m $1.5m $2.0m
Income Tax Expense (Benefit) $33.1m $31.7m $46.1m $39.5m $32.2m $16.2m $31.2m $20.1m $39.8m $54.2m
Interest Expense Nonoperating — — — — — — — — $1.8m $2.5m
Other Nonoperating Income (Expense) ($37k) ($66k) ($87k) ($469k) ($95k) $2.4m $730k ($161k) $152k ($171k)
Change in operating lease liabilities and right of use assets — $0 $0 ($5.2m) ($5.8m) ($2.6m) $748k ($696k) ($1.8m) ($87k)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $118.0m $76.9m ($1.4m) ($876k) $4.0m $134.9m $41.9m $56.3m $28.5m ($246.0m)
Foreign Currency Transaction Gain (Loss), before Tax $506k ($7.5m) ($3.9m) ($4.4m) ($150k) ($1.8m) $19.7m ($7.6m) ($3.5m) ($2.2m)
General and Administrative Expense $117.5m $127.1m $135.2m $139.8m $116.4m $152.6m $205.3m $137.5m $176.1m $168.9m
Goodwill $209.4m $236.8m $312.9m $317.1m $325.8m $329.7m $515.1m $524.2m $515.2m $535.8m
Investment Income, Interest $1.4m $883k $1.1m $1.5m $1.1m $634k $1.9m $4.7m $10.1m $5.7m
Nonoperating Income (Expense) ($546k) ($9.5m) ($5.1m) ($5.7m) ($1.9m) $1.9m $17.8m ($2.5m) $3.1m $809k
Operating Expenses $524.0m $681.7m $687.1m $687.8m $579.2m $630.1m $770.9m $785.8m $831.6m $846.6m
Proceeds from Stock Options Exercised — — — — — — — — — $1.9m
Payment for contingent liability on regulatory matters — — — — — $0 $0 ($43.3m) $0 $0
Equity awards compensation expense $43.3m $71.6m $66.6m $41.0m $28.8m $44.5m $65.0m $97.2m $106.6m $57.8m
Change in uncertain tax positions — — — — $0 $0 $412k ($880k) $1.8m $10.4m
Net change in fair value of earn-out — — — — $0 $0 $771k $2.3m $1.0m $0
Change in income taxes — — ($12.7m) ($28.0m) $10.9m $6.0m ($11.0m) $4.4m $19.4m ($22.0m)
Other $0 $4.1m ($2.3m) $769k $2.0m $51k ($23.6m) $2.8m ($280k) $5.3m
Trade receivables ($118.0m) ($76.9m) $1.4m $876k ($4.0m) ($134.9m) ($41.9m) ($56.3m) ($28.5m) $246.0m
Trade payables $81.9m $32.9m $9.0m ($14.1m) ($33.3m) $82.7m $133.8m $87.9m ($17.2m) ($265.4m)
Other current assets ($28.4m) ($3.4m) $4.0m $7.6m ($7.2m) ($19.7m) ($14.7m) ($8.5m) $10.1m $13.7m
Other current liabilities $35.1m $40.3m ($4.0m) $11.4m $6.3m $33.0m ($17.9m) $43.8m ($11.3m) ($7.5m)
Proceeds from disposal of investments — — — — — $0 $0 $8.8m $0 $0
Proceeds from exercise of stock options — — — — — — — $1.9m $4.5m $1.9m
Repurchase of treasury stocks $0 $0 ($80.0m) ($58.6m) ($43.7m) ($100.0m) ($135.7m) ($125.5m) ($224.6m) ($152.1m)
Cash payment for contingent consideration — — — — — $0 $0 ($22.0m) ($52.0m) $0
Intangible assets, property and equipment acquired through payables — — — — — — $25.4m $3.3m $1.8m $18.1m
Beginning Cash Position — — — — — — $515.5m $448.2m $411.3m $290.9m
Cash Flow From Continuing Financing Activities — — — — — — ($113.0m) ($147.3m) ($270.5m) ($151.5m)
Cash Flow From Continuing Investing Activities — — — — — — ($166.1m) ($108.7m) ($97.9m) ($101.1m)
Change In Account Payable — — — — — — $133.8m $87.9m ($17.2m) ($265.4m)
Change In Other Current Assets — — — — — — ($14.7m) ($5.6m) $10.1m $13.7m
Change In Other Current Liabilities — — — — — — ($17.9m) $41.0m ($11.3m) ($7.5m)
Change In Other Working Capital — — — — — — $748k ($696k) ($1.8m) ($87k)
Change In Payable — — — — — — $133.8m $87.9m ($17.2m) ($265.4m)
Change In Payables And Accrued Expense — — — — — — $133.8m $87.9m ($17.2m) ($265.4m)
Change In Receivables — — — — — — ($41.9m) ($56.3m) ($28.5m) $246.0m
Change In Working Capital — — — — — — $60.1m $66.2m ($48.7m) ($13.3m)
Changes In Account Receivables — — — — — — ($41.9m) ($56.3m) ($28.5m) $246.0m
Changes In Cash — — — — — — ($23.2m) ($31.7m) ($110.2m) $58.6m
End Cash Position — — — — — — $448.2m $411.3m $290.9m $342.4m
Financing Cash Flow — — — — — — ($113.0m) ($147.3m) ($270.5m) ($151.5m)
Free Cash Flow — — — — — — $192.2m $108.1m $180.0m $208.5m
Investing Cash Flow — — — — — — ($166.1m) ($108.7m) ($97.9m) ($101.1m)
Issuance Of Capital Stock — — — — — — $1.0m $1.9m $4.5m $1.9m
Net Business Purchase And Sale — — — — — — ($138.0m) ($6.8m) ($527k) $0
Net Intangibles Purchase And Sale — — — — — — ($55.8m) ($114.3m) ($76.6m) ($100.7m)
Operating Gains Losses — — — — — — ($194k) ($7.9m) $7.4m $1.7m
Other Non Cash Items — — — — — — ($23.1m) ($38.2m) ($777k) $5.3m
Purchase Of Business — — — — — — ($138.0m) ($6.8m) ($527k) $0
Purchase Of Intangibles — — — — — — ($63.8m) ($116.1m) ($78.1m) ($102.7m)
Repurchase Of Capital Stock — — — — — — ($135.7m) ($125.5m) ($224.6m) ($152.1m)
Sale Of Intangibles — — — — — — $8.0m $1.8m $1.5m $2.0m
Stock Based Compensation — — — — — — $65.0m $97.2m $102.6m $57.8m
Net Cash Provided by (Used in) Operating Activities $153.5m $245.5m $260.7m $222.8m $185.4m $220.9m $256.0m $224.2m $258.2m $311.2m
Cash flows from investing activities:
Payments to Acquire Businesses, Net of Cash Acquired $235.5m ($1.1m) — — — — — $6.8m $527k $0
Payment for businesses, net of cash acquired ($235.5m) $1.1m ($101.2m) ($4.6m) ($1.2m) ($10.4m) ($138.0m) ($6.8m) ($527k) $0
Purchases of investment securities — — — — — — — ($22.5m) ($26.7m) ($28.4m)
Net Investment Purchase And Sale — — — — — — $27.8m $12.4m ($20.7m) ($407k)
Purchase Of Investment — — — — — — ($19.4m) ($22.5m) ($26.7m) ($28.4m)
Maturities and sales of investment securities — — — — — — $47.1m $26.0m $6.0m $28.0m
Sale Of Investment — — — — — — $47.1m $34.9m $6.0m $28.0m
Payments for (Proceeds from) Other Investing Activities — — ($16.8m) — — — — — — —
Net Other Investing Changes — — — — — $2.0m $29.0m ($21.8m) — —
Net Cash Provided by (Used in) Investing Activities ($312.8m) ($106.3m) ($226.7m) ($103.9m) ($101.1m) ($76.4m) ($166.1m) ($108.7m) ($97.9m) ($101.1m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $84.0m $3.7m $0 $0 $153.2m $0 $78.5m $0 $0 —
Issuance Of Debt — — — — — $0 $78.5m $0 $0 —
Long Term Debt Issuance — — — — — — $78.5m $0 $0 —
Net Issuance Payments Of Debt — — — — — ($1.2m) $0 $0 $0 —
Net Long Term Debt Issuance — — — — — ($1.2m) $0 $0 $0 —
Net Short Term Debt Issuance — — — — — $0 $78.5m $0 — —
Short Term Debt Issuance — — — — — $0 $78.5m $0 — —
Repayments of Long-term Debt — — $964k $1.0m $167.3m $1.2m $78.5m $0 $0 —
Long Term Debt Payments — — — — — ($1.2m) ($78.5m) $0 $0 —
Repayment Of Debt — — — — — ($1.2m) ($78.5m) $0 $0 —
Proceeds from Issuance of Common Stock $20.1m $32.0m $1.5m $1.7m $1.7m $25.2m $1.0m $1.9m $4.5m —
Common Stock Issuance — — — — — — $1.0m $1.9m $4.5m $1.9m
Net Common Stock Issuance — — — — — — ($134.7m) ($123.5m) ($220.0m) ($150.2m)
Payments for Repurchase of Common Stock — — $80.0m $58.6m $43.7m $100.0m $135.7m $125.5m $224.6m $152.1m
Common Stock Payments — — — — — — ($135.7m) ($125.5m) ($224.6m) ($152.1m)
Proceeds from (Payments for) Other Financing Activities — — — — — — $21.9m ($1.9m) $1.5m ($1.3m)
Change in other financing activities — — — — $0 $0 $21.9m ($1.9m) $1.5m ($1.3m)
Net Other Financing Charges — — — — — — $21.6m ($23.7m) ($50.5m) ($1.3m)
Net Cash Provided by (Used in) Financing Activities $90.6m ($29.5m) ($62.7m) ($59.1m) ($57.7m) ($80.1m) ($113.0m) ($147.3m) ($270.5m) ($151.5m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — ($5.5m) $42.7m ($36.9m) ($44.1m) ($5.2m) ($10.2m) ($7.2m)
Effect of exchange rates changes on cash and cash equivalents — $34.1m ($21.0m) ($5.5m) $42.7m ($36.9m) ($44.1m) ($5.2m) ($10.2m) ($7.2m)
Effect Of Exchange Rate Changes — — — — — — ($44.1m) ($5.1m) ($10.2m) ($7.2m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — $54.3m $69.2m $27.5m ($67.3m) ($36.9m) ($120.4m) $51.4m
Net increase (decrease) in cash and cash equivalents and restricted cash — $143.8m ($49.7m) $54.3m $69.2m $27.5m ($67.3m) ($36.9m) ($120.4m) $51.4m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $418.8m $488.0m $515.5m $448.2m $411.3m $290.9m $342.4m
Net cash and cash equivalents and restricted cash at the beginning of the period — $414.1m $364.4m $418.8m $488.0m $515.5m $448.2m $411.3m $290.9m $342.4m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($67.3m) ($36.9m) ($120.4m) $51.4m
Interest Paid, Excluding Capitalized Interest, Operating Activities $1.3m $2.9m ($1.7m) $1.4m $2.2m $1.5m $1.3m $1.5m $1.4m $1.6m
Income Taxes Paid, Net ($43.5m) ($56.4m) ($67.0m) ($52.1m) $17.6m $28.8m $38.1m $40.1m $40.7m $64.9m

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