← GRAFTECH INTERNATIONAL LTD
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Depreciation and amortization | $82.9m | $66.4m | $66.4m | $61.8m | $63.0m | $65.7m | $55.5m | $56.9m | $62.2m | $61.6m | |
| Deferred income tax expense (benefit) | ($12.1m) | ($15.7m) | ($37.1m) | $17.5m | $20.2m | ($3.7m) | $17.0m | ($28.1m) | ($27.6m) | $42.8m | |
| Goodwill impairment charges | — | — | — | — | — | $0 | $0 | $171.1m | $0 | $0 | |
| Non-cash interest expense (benefit) | $6.6m | $6.8m | $5.3m | $6.3m | $6.2m | $12.1m | ($2.4m) | $8.8m | ($2.0m) | $7.8m | |
| Net loss | ($235.8m) | $8.0m | $854.2m | $744.6m | $434.4m | $388.3m | $383.0m | ($255.2m) | ($131.2m) | ($219.8m) | |
| Non-cash stock-based compensation expense | $0 | — | — | $2.1m | $2.7m | $16.6m | $2.3m | $4.4m | $6.0m | $5.0m | |
| Lower of cost or market inventory valuation adjustment | $1.8m | — | — | — | — | $0 | $0 | $12.4m | $24.9m | $18.3m | |
| Other adjustments | ($2.6m) | ($9.6m) | $15.8m | $21.8m | $10.5m | $7.1m | ($8.0m) | $5.1m | $6.3m | $8.5m | |
| Net change in working capital* | — | — | ($177.8m) | ($47.7m) | $86.4m | ($16.4m) | ($99.6m) | $107.6m | $40.3m | $25k | |
| Change in Tax Receivable Agreement | — | — | $0 | $0 | ($27.9m) | ($21.8m) | ($3.7m) | ($4.4m) | ($5.3m) | ($5.8m) | |
| Proceeds from the sale of fixed assets | $2.2m | $5.2m | $926k | $219k | $379k | $397k | $195k | $220k | $100k | $554k | |
| Proceeds from term loan | $0 | $0 | $2.2b | $0 | $500.0m | $0 | $0 | $438.6m | $175.0m | $0 | |
| Interest rate swap settlements | $0 | — | — | $0 | $0 | ($3.8m) | $6.4m | ($27.5m) | $0 | $0 | |
| Payments for taxes related to net share settlement of equity awards | — | — | $0 | $0 | ($71k) | ($4.1m) | ($230k) | ($129k) | ($118k) | ($230k) | |
| Principal payments under finance lease obligations | — | — | — | — | — | $0 | $0 | $36k | $82k | $111k | |
| Interest | $23.6m | $25.3m | $108.0m | $121.1m | $87.0m | $56.3m | $39.5m | $34.3m | $88.5m | $93.3m | |
| Income taxes | $3.3m | $3.5m | $21.4m | $99.3m | $74.0m | $63.8m | $67.1m | $43.3m | $4.9m | $6.2m | |
| Change in capital expenditures in accounts payable | — | — | — | — | — | $6.8m | $7.7m | ($9.4m) | ($4.0m) | $166k | |
| Exchange Existing 9.875% Notes | — | — | — | — | — | — | $0 | $0 | ($446.2m) | $0 | |
| Exchange Existing 4.625% Notes | — | — | — | — | — | — | $0 | $0 | ($498.2m) | $0 | |
| New 9.875% Notes | — | — | — | — | — | — | $0 | $0 | $446.2m | $0 | |
| New 4.625% Notes | — | — | — | — | — | — | $0 | $0 | $498.2m | $0 | |
| Accounts and notes receivable, net | $3.4m | ($29.8m) | ($139.2m) | ($404k) | $63.6m | ($28.9m) | $60.5m | $45.7m | $4.5m | $23.8m | |
| Inventories | $53.5m | ($15.6m) | ($126.4m) | ($21.5m) | $44.6m | ($28.2m) | ($153.6m) | $107.8m | $68.8m | ($8.6m) | |
| Prepaid expenses and other current assets | ($1.4m) | ($10.6m) | $7.1m | $3.9m | $3.0m | ($31.9m) | $593k | $3.4m | $9.1m | $487k | |
| Income taxes payable | $313k | $2.8m | $67.1m | ($18.2m) | ($12.4m) | $5.7m | ($15.0m) | ($27.2m) | ($1.5m) | ($123k) | |
| Accounts payable and accruals | $15.8m | $33.3m | $15.7m | ($11.6m) | ($12.8m) | $66.6m | $7.7m | ($23.9m) | ($39.5m) | ($18.3m) | |
| Interest payable | $75k | ($114k) | ($2.1m) | $62k | $430k | $371k | $185k | $1.8m | ($1.2m) | $2.7m | |
| Net cash (used in) provided by operating activities | $45.6m | $36.6m | $836.6m | $805.3m | $563.6m | $443.0m | $324.6m | $76.6m | ($40.1m) | ($81.6m) | |
| Capital expenditures | ($55.7m) | ($34.7m) | ($68.2m) | ($64.1m) | ($36.1m) | ($58.3m) | ($72.2m) | ($54.0m) | ($34.3m) | ($38.9m) | |
| Net cash used in investing activities | ($20.9m) | ($2.2m) | ($67.3m) | ($63.9m) | ($35.7m) | ($57.9m) | ($72.0m) | ($53.8m) | ($34.2m) | ($38.3m) | |
| Proceeds from Issuance of Senior Long-Term Debt | — | — | — | — | — | — | $0 | $438.6m | $0 | $0 | |
| Debt issuance and modification costs | ($1.8m) | $0 | ($27.3m) | $0 | ($6.3m) | ($3.1m) | ($2.2m) | ($8.2m) | ($18.9m) | $0 | |
| Principal payments on long-term debt | ($578k) | ($266k) | ($56.4m) | ($350.1m) | ($896.2m) | ($400.1m) | ($110.1m) | ($433.8m) | ($137k) | $0 | |
| Dividends paid | $0 | $0 | ($55.6m) | ($20.6m) | ($8.6m) | ($7.4m) | ($7.8m) | ($3.9m) | $0 | $0 | |
| Net cash (used in) provided by financing activities | ($16.6m) | ($33.0m) | ($731.0m) | ($709.6m) | ($463.7m) | ($471.8m) | ($176.3m) | $18.7m | $155.7m | ($341k) | |
| Effect of exchange rate changes on cash and cash equivalents | $1.3m | $376k | ($1.7m) | ($746k) | $240k | ($1.3m) | $736k | $783k | ($2.0m) | $2.5m | |
| Net change in cash and cash equivalents | $8.1m | $1.4m | $38.3m | $31.8m | $64.3m | ($86.6m) | $76.4m | $41.5m | $81.4m | ($120.3m) | |
| Cash and cash equivalents at beginning of period | $13.9m | $11.6m | $13.4m | $49.9m | $145.4m | $57.5m | $134.6m | $176.9m | $256.2m | $138.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.