← DELUXE CORP
| 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 | — | — | — | — | — | — | $65.5m | $26.2m | $52.9m | $82.2m | |
| Net Income (Loss) Attributable to Parent | $229.4m | $230.2m | $149.6m | ($199.9m) | $8.8m | $62.6m | $65.4m | $26.1m | $52.8m | $82.1m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $227.5m | $228.7m | $149.0m | ($200.0m) | $8.8m | $62.6m | $65.3m | $26.1m | $52.8m | $82.1m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | — | $8.9m | $62.8m | $65.5m | $26.2m | $52.9m | $82.2m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | $91k | $139k | $135k | $107k | $143k | $100k | |
| Depreciation, Depletion and Amortization | $91.6m | $122.7m | $131.1m | $126.0m | $110.8m | $148.8m | $172.6m | $169.7m | $165.5m | $137.9m | |
| Amortization | $77.1m | $106.8m | $114.5m | $109.5m | $90.5m | $123.1m | $146.6m | $146.3m | $143.4m | $116.2m | |
| Depreciation | $14.5m | $15.9m | $16.6m | $16.5m | $20.2m | $25.6m | $26.0m | $23.4m | $22.2m | $21.7m | |
| Amortization Cash Flow | — | — | — | — | — | — | $146.6m | $146.3m | $143.3m | $116.2m | |
| Amortization Of Intangibles | — | — | — | — | — | — | $146.6m | $146.3m | $143.3m | $116.2m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $172.6m | $169.7m | $165.5m | $137.9m | |
| Deferred Income Tax Expense (Benefit) | $1.9m | ($39.2m) | ($11.4m) | ($35.0m) | ($5.2m) | $17.8m | ($28.5m) | ($31.9m) | ($20.4m) | $26.5m | |
| Deferred Income Tax | — | — | — | — | — | — | ($28.5m) | ($31.9m) | ($20.4m) | $26.5m | |
| Deferred Tax | — | — | — | — | — | — | ($28.5m) | ($31.9m) | ($20.4m) | $26.5m | |
| Share-based Payment Arrangement, Noncash Expense | $12.5m | $15.1m | $13.4m | $19.7m | $21.8m | $29.5m | $23.7m | $20.5m | $19.9m | $24.9m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $5.6m | $9.4m | $8.0m | $3.9m | $3.0m | $6.0m | — | — | — | — | |
| Goodwill, Impairment Loss | — | $28.4m | $78.2m | $357.7m | $67.7m | — | — | — | $7.7m | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $0 | $0 | $7.7m | $5.7m | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $0 | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | $15.6m | ($124k) | ($1.8m) | $0 | $19.3m | $32.4m | $31.2m | $0 | |
| Gain (Loss) on Disposition of Business | — | $8.7m | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Extinguishment of Debt | ($7.9m) | $0 | $0 | — | $0 | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $111.0m | $82.7m | $63.0m | $14.3m | $21.7m | $31.0m | $18.8m | $13.6m | $23.6m | $36.9m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $23.4m | ($5.3m) | $16.8m | ($5.6m) | $2.7m | $8.9m | $13.7m | ($7.4m) | ($3.5m) | $19.9m | |
| Increase (Decrease) in Inventories | ($2.2m) | $644k | $3.6m | ($4.8m) | $11.3m | $1.8m | $19.1m | ($6.3m) | ($2.5m) | ($2.7m) | |
| Increase (Decrease) in Accounts Payable | $15.9m | ($7.8m) | $4.4m | $5.1m | ($9.5m) | $22.8m | $6.0m | $4.9m | $10.5m | ($3.9m) | |
| Environmental Remediation Expense | ($1.7m) | $348k | $750k | — | — | — | — | — | — | — | |
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | ($168k) | — | — | — | — | — | — | — | — | — | |
| Goodwill | $1.1b | $1.1b | $1.2b | $804.5m | $736.8m | $1.4b | $1.4b | $1.4b | $1.4b | $1.4b | |
| Nonoperating Income (Expense) | $1.8m | $3.0m | $8.5m | $7.2m | $9.2m | $7.2m | $9.4m | $4.7m | $7.6m | $8.7m | |
| Restructuring Costs | — | — | — | — | — | — | $5.5m | — | — | — | |
| Beginning Cash Position | — | — | — | — | — | — | $285.5m | $337.4m | $458.0m | $309.2m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($48.6m) | ($37.7m) | ($267.2m) | ($136.8m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($80.3m) | ($43.3m) | ($69.8m) | ($131.7m) | |
| Change In Account Payable | — | — | — | — | — | — | $6.0m | $4.9m | $10.5m | ($3.9m) | |
| Change In Accrued Expense | — | — | — | — | — | — | ($6.4m) | ($45.6m) | ($60.4m) | ($20.3m) | |
| Change In Inventory | — | — | — | — | — | — | ($19.1m) | $6.3m | $2.5m | $2.7m | |
| Change In Other Current Assets | — | — | — | — | — | — | ($26.3m) | ($1.8m) | ($35.2m) | ($20.5m) | |
| Change In Payable | — | — | — | — | — | — | $6.0m | $4.9m | $10.5m | ($3.9m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | ($401k) | ($40.7m) | ($49.9m) | ($24.2m) | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($30.6m) | ($28.5m) | ($29.8m) | ($29.2m) | |
| Change In Receivables | — | — | — | — | — | — | ($13.7m) | $7.4m | $3.5m | ($19.9m) | |
| Change In Working Capital | — | — | — | — | — | — | ($90.0m) | ($57.3m) | ($108.9m) | ($91.1m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($13.7m) | $7.4m | $3.5m | ($19.9m) | |
| Changes In Cash | — | — | — | — | — | — | $62.6m | $117.4m | ($142.7m) | $2.1m | |
| End Cash Position | — | — | — | — | — | — | $337.4m | $458.0m | $309.2m | $313.0m | |
| Financing Cash Flow | — | — | — | — | — | — | ($48.6m) | ($37.7m) | ($267.2m) | ($136.8m) | |
| Free Cash Flow | — | — | — | — | — | — | $86.9m | $97.7m | $100.0m | $175.3m | |
| Gain Loss On Sale Of Business | — | — | — | — | — | — | ($19.3m) | ($32.4m) | ($31.2m) | $0 | |
| Investing Cash Flow | — | — | — | — | — | — | ($80.3m) | ($43.3m) | ($69.8m) | ($131.7m) | |
| Issuance Of Capital Stock | — | — | — | — | — | $16.8m | $3.1m | $2.7m | — | — | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $25.2m | $53.6m | $23.3m | ($10.1m) | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | ($2.8m) | ($4.3m) | — | — | — | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($104.6m) | ($100.7m) | ($94.3m) | ($95.3m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($19.3m) | ($32.4m) | ($31.2m) | — | |
| Other Non Cash Items | — | — | — | — | — | — | $67.6m | $103.6m | $108.8m | $84.5m | |
| Purchase Of Business | — | — | — | — | — | — | $0 | $0 | $0 | ($12.1m) | |
| Purchase Of Intangibles | — | — | — | — | — | ($2.8m) | ($4.3m) | — | — | — | |
| Purchase Of PPE | $46.6m | $47.5m | $62.2m | $66.6m | — | — | ($104.6m) | ($100.7m) | ($94.3m) | ($95.3m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | $0 | $0 | — | — | — | |
| Sale Of Business | — | — | — | — | — | — | $25.2m | $53.6m | $23.3m | $2.0m | |
| Stock Based Compensation | — | — | — | — | — | — | $23.7m | $20.5m | $19.9m | $24.9m | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | $0 | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $319.3m | $338.4m | $339.3m | $286.7m | $217.6m | $210.8m | $191.5m | $198.4m | $194.3m | $270.6m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | — | — | — | — | — | — | ($104.6m) | ($100.7m) | ($94.3m) | $95.3m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $270.9m | $139.2m | $214.3m | $11.6m | $0 | $958.5m | $0 | $0 | — | — | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $4.1m | $8.0m | $0 | $0 | |
| Purchase Of Investment | — | — | — | — | — | ($93k) | ($123k) | — | — | — | |
| Sale Of Investment | — | — | — | — | — | — | $4.1m | $8.0m | $0 | $0 | |
| Payments for (Proceeds from) Other Investing Activities | ($2.6m) | ($989k) | ($1.1m) | ($2.4m) | ($4.1m) | ($1.2m) | $582k | $4.2m | ($1.3m) | ($3.9m) | |
| Net Other Investing Changes | — | — | — | — | — | — | ($5.1m) | ($4.2m) | $1.2m | ($26.3m) | |
| Net Cash Provided by (Used in) Investing Activities | ($310.8m) | ($180.9m) | ($275.4m) | ($75.8m) | ($56.1m) | ($1.1b) | ($80.3m) | ($43.3m) | ($69.8m) | ($131.7m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $559.0m | $403.0m | $1.3b | $241.5m | $309.0m | $1.9b | $640.0m | $583.5m | $1.8b | $441.3m | |
| Issuance Of Debt | — | — | — | — | — | — | $640.0m | $583.5m | $1.8b | $441.3m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $640.0m | $583.5m | $1.8b | $441.3m | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($40.6m) | ($55.2m) | ($82.3m) | ($77.5m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($40.6m) | ($55.2m) | ($82.3m) | ($77.5m) | |
| Repayments of Long-term Debt | $442.2m | $454.2m | $1.1b | $268.0m | $352.5m | $1.0b | $680.6m | $638.7m | $1.9b | $518.8m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($680.6m) | ($638.7m) | ($1.9b) | ($518.8m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($680.6m) | ($638.7m) | ($1.9b) | ($518.8m) | |
| Common Stock Issuance | — | — | — | — | — | $16.8m | $3.1m | $2.7m | — | — | |
| Net Common Stock Issuance | — | — | — | — | — | $16.8m | $3.1m | $2.7m | — | — | |
| Payments for Repurchase of Common Stock | $55.2m | $65.0m | $200.0m | $118.5m | $14.0m | $0 | $0 | — | — | — | |
| Payments of Ordinary Dividends, Common Stock | $58.7m | $58.1m | $56.7m | $51.7m | $50.7m | $51.7m | $52.6m | $53.3m | $54.2m | $55.2m | |
| Common Stock Payments | — | — | — | — | — | $0 | $0 | — | — | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($52.6m) | ($53.3m) | ($54.2m) | ($55.2m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($52.6m) | ($53.3m) | ($54.2m) | ($55.2m) | |
| Proceeds from (Payments for) Other Financing Activities | ($2.1m) | ($2.3m) | ($4.1m) | ($1.9m) | ($938k) | ($9.8m) | ($14.9m) | ($10.9m) | ($7.6m) | ($5.7m) | |
| Net Other Financing Charges | — | — | — | — | — | — | $44.7m | $70.8m | ($130.7m) | ($4.1m) | |
| Net Cash Provided by (Used in) Financing Activities | — | — | ($39.8m) | ($186.8m) | ($110.6m) | $913.0m | ($48.6m) | ($37.7m) | ($267.3m) | ($136.8m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $2.4m | $5.4m | ($7.6m) | $5.4m | $3.7m | ($1.1m) | ($10.7m) | $3.2m | ($6.1m) | $1.7m | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($10.7m) | $3.2m | ($6.1m) | $1.7m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $2.4m | $5.4m | $16.4m | $29.6m | $54.6m | $56.1m | $51.9m | $120.6m | ($148.9m) | $3.8m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $2.4m | $5.4m | $145.3m | $174.8m | $229.4m | $285.5m | $337.4m | $458.0m | $309.2m | $313.0m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $51.9m | $120.6m | ($148.8m) | $3.8m | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | $33.2m | $22.9m | $46.6m | $87.1m | $115.6m | $117.8m | $111.6m | |
| Income Taxes Paid, Net | — | — | — | — | — | $18.8m | $38.6m | $47.9m | $49.9m | $30.9m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.