← DESCARTES SYSTEMS GROUP INC
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $23.8m | $26.9m | $31.3m | $37.0m | $52.1m | $86.3m | $102.2m | $115.9m | $143.3m | $163.8m | |
| Amortization of Intangible Assets | $30.0m | $33.5m | $40.2m | $55.5m | $55.9m | $59.1m | $60.2m | $60.5m | $69.4m | $81.2m | |
| Depreciation | $3.6m | $4.1m | $4.5m | $6.0m | $5.8m | $5.1m | $5.2m | $5.5m | $5.6m | $5.9m | |
| Deferred Income Tax Expense (Benefit) | $3.6m | $1.3m | $2.2m | $5.7m | $14.5m | $1.5m | $3.2m | ($6.0m) | ($5.0m) | $11.1m | |
| Share-based Payment Arrangement, Noncash Expense | $2.0m | $2.8m | $3.7m | $4.9m | $6.3m | $11.0m | $13.7m | $16.5m | $20.0m | $20.9m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | — | $4.9m | $6.7m | $6.5m | |
| Share-based Payment Arrangement, Expense | $2.0m | $2.8m | $3.7m | $4.9m | $6.3m | $11.0m | $13.7m | $16.5m | $20.0m | $20.9m | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income Tax Expense (Benefit) | $7.7m | $7.9m | $8.2m | $11.0m | $18.3m | $16.3m | $31.5m | $35.2m | $48.4m | $53.3m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | — | $967k | |
| Changes in operating assets and liabilities: | |||||||||||
| Noncash investing and financing activities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | ($2.7m) | $2.0m | $135k | ($3.7m) | ($143k) | $2.9m | ($151k) | $6.6m | ($3.3m) | $5.3m | |
| Increase (Decrease) in Inventories | ($2k) | ($52k) | ($74k) | $345k | ($99k) | $498k | ($103k) | — | — | — | |
| Increase (Decrease) in Accounts Payable | ($317k) | $1.4m | ($1.1m) | $1.8m | ($686k) | $2.3m | ($620k) | $6.2m | $1.9m | ($1.1m) | |
| Accounts Receivable, Credit Loss Expense (Reversal) | $600k | $800k | $1.2m | $600k | $1.7m | $1.0m | $1.1m | $924k | $1.7m | $4.1m | |
| Proceeds from Stock Options Exercised | $600k | $1.0m | $500k | $1.5m | $6.2m | $2.7m | $1.7m | $9.3m | $12.4m | $14.1m | |
| Purchases of property and equipment, accrued but unpaid | $4.9m | $5.1m | $5.2m | $4.9m | $3.8m | $4.8m | $6.1m | $5.6m | $6.7m | $5.7m | |
| Foreign Currency Transaction Gain (Loss), before Tax | $100k | ($400k) | ($400k) | $600k | $800k | $300k | $1.2m | $1.0m | $500k | $1.8m | |
| General and Administrative Expense | $23.1m | $25.4m | $30.0m | $34.6m | $36.3m | $44.5m | $49.7m | $57.4m | $65.2m | $72.5m | |
| Goodwill | $263.1m | $350.1m | $378.2m | $523.7m | $565.2m | $608.8m | $675.6m | $760.4m | $924.8m | $1.0b | |
| Operating Expenses | $117.0m | $137.9m | $158.7m | $187.8m | $187.4m | $219.4m | $242.3m | $291.8m | $311.3m | $351.9m | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $275.2m | $325.8m | $348.7m | $424.7m | $486.0m | $572.9m | $651.0m | $729.0m | |
| Net Cash Provided by (Used in) Operating Activities | $72.6m | $72.1m | $78.1m | $104.3m | $131.2m | $176.1m | $192.4m | $207.7m | $219.3m | $266.2m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $4.9m | $5.1m | $5.2m | $4.9m | $3.8m | $4.8m | $6.1m | $5.6m | $6.7m | $5.7m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $71.3m | $111.9m | $67.9m | $292.1m | $48.4m | $90.3m | $115.6m | $142.7m | $290.2m | — | |
| Net Cash Provided by (Used in) Investing Activities | ($70.4m) | ($117.0m) | ($73.2m) | ($297.0m) | ($52.2m) | ($95.1m) | ($121.6m) | ($148.3m) | ($296.9m) | ($157.3m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Common Stock | $145k | $1.0m | $345k | $238.0m | $6.2m | $2.7m | $1.7m | $9.3m | $12.4m | $14.1m | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | — | — | — | $892k | |
| Net Cash Provided by (Used in) Financing Activities | ($211k) | $38.0m | ($11.4m) | $210.2m | $5.6m | $1.5m | ($4.6m) | ($14.7m) | ($3.6m) | $5.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($1.1m) | $3.8m | ($1.4m) | ($363k) | $89.3m | $79.8m | $62.9m | $44.6m | ($84.8m) | $120.4m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $680k | $1.7m | $3.5m | $89k | — | — | — | — | — | |
| Income Taxes Paid, Net | $3.9m | $3.9m | $7.9m | $8.9m | $8.2m | $12.6m | $23.8m | $44.9m | $53.4m | $57.2m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.