← Ecovyst Inc.
| 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 | ($79.7m) | $57.6m | $58.3m | $79.5m | ($278.8m) | ($139.9m) | $73.7m | $71.2m | ($6.7m) | ($71.1m) | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($79.2m) | $58.6m | $59.6m | $80.3m | ($281.7m) | ($139.6m) | $73.7m | $71.2m | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | ($176.3m) | $1.8m | $69.8m | $71.2m | ($6.7m) | $6.3m | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | ($179.5m) | $1.8m | $69.8m | $71.2m | ($6.7m) | $77.4m | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | ($102.2m) | ($141.4m) | $3.9m | $0 | $0 | $77.4m | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | ($102.5m) | ($141.7m) | $3.9m | $0 | $0 | ($77.4m) | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $588k | $960k | $1.3m | $771k | — | — | — | — | — | — | |
| Depreciation, Depletion and Amortization | $128.3m | $177.1m | $185.2m | $182.1m | $151.8m | $79.7m | $79.2m | $84.6m | $89.4m | $67.8m | |
| Amortization | $38.8m | $52.6m | $52.6m | $50.4m | $37.2m | $13.8m | $14.0m | $14.0m | $14.1m | $10.8m | |
| Amortization of Debt Issuance Costs | $3.8m | — | — | — | — | — | — | — | — | — | |
| Amortization of Debt Issuance Costs and Discounts | $6.9m | $8.7m | $6.1m | $5.8m | $3.8m | $1.9m | $2.0m | $2.1m | $1.7m | $1.2m | |
| Amortization of Intangible Assets | $25.3m | $32.0m | $35.0m | $34.6m | $26.9m | $10.3m | $10.6m | $10.6m | $10.6m | $8.6m | |
| Depreciation | $89.5m | $124.6m | $132.6m | $131.6m | $114.6m | $66.0m | $65.1m | $70.6m | $75.3m | $67.8m | |
| Deferred Income Tax Expense (Benefit) | ($138k) | ($140.2m) | $3.4m | $18.3m | ($64.7m) | $4.5m | $1.7m | ($17.1m) | ($7.9m) | $32.2m | |
| Share-based Payment Arrangement, Noncash Expense | $5.4m | $8.8m | $19.5m | $18.2m | $21.5m | $31.8m | $20.6m | $16.0m | $14.0m | $9.7m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | $1.5m | $332k | $3.4m | $1.2m | $1.5m | |
| Share-based Payment Arrangement, Expense | — | — | $19.5m | $18.2m | $21.5m | $31.8m | $20.6m | $16.0m | $14.0m | $9.7m | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | — | — | — | — | — | $65.0m | — | |
| Goodwill, Impairment Loss | — | — | — | — | $260.0m | — | — | — | $0 | $0 | |
| Impairment of Intangible Assets (Excluding Goodwill) | $6.9m | — | — | $1.6m | — | — | — | — | $3.9m | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $6.9m | $0 | $0 | $1.6m | $260.0m | — | — | — | $3.9m | — | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | — | — | — | $672k | — | — | — | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($121.4m) | ($140.5m) | ($6.6m) | ($127.6m) | ($97.1m) | ($60.0m) | ($58.9m) | ($65.3m) | ($69.0m) | ($70.4m) | |
| Gain (Loss) on Disposition of Assets | ($4.2m) | ($5.8m) | ($6.6m) | $13.1m | $11.4m | ($5.7m) | ($3.6m) | ($4.1m) | ($2.4m) | ($5.4m) | |
| Gain (Loss) on Disposition of Other Assets | — | — | — | $11.5m | — | — | — | — | — | — | |
| Gain (Loss) on Extinguishment of Debt | ($13.8m) | ($61.9m) | ($7.8m) | ($3.4m) | ($25.0m) | ($26.9m) | $0 | $0 | ($4.6m) | ($5.5m) | |
| Income (Loss) from Equity Method Investments | ($2.6m) | $38.8m | $37.6m | $46.0m | $21.2m | $27.7m | $27.7m | $30.6m | $15.1m | — | |
| Income Tax Expense (Benefit) | $10.0m | ($119.2m) | $29.0m | $40.7m | ($48.1m) | $12.1m | $24.9m | $10.8m | $1.6m | $19.5m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $49.4m | $34.2m | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | — | — | $1.5m | — | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Inventories | $2.3m | $21.2m | $9.0m | $18.9m | ($9.4m) | ($631k) | ($9.9m) | $1.4m | $11.2m | $5.6m | |
| Increase (Decrease) in Accounts Payable | $11.9m | $4.3m | ($146k) | ($2.3m) | $4.2m | $10.0m | ($10.1m) | $2.4m | $2.4m | $15.5m | |
| Asset Retirement Obligation, Accretion Expense | $177k | $232k | $287k | $311k | $342k | — | — | — | — | — | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | — | — | — | — | $5.0m | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | $3.6m | ($25.8m) | ($13.8m) | ($2.8m) | $4.2m | ($4.7m) | ($978k) | — | $182k | — | |
| Foreign Currency Transaction Gain (Loss), Realized | — | — | — | — | — | — | ($978k) | $589k | ($339k) | — | |
| Goodwill | $1.2b | $1.3b | $1.3b | $1.3b | $717.7m | $406.1m | $403.2m | $404.5m | $404.1m | $326.7m | |
| Insured Event, Gain (Loss) | — | — | ($6.5m) | ($6.5m) | — | — | — | — | — | — | |
| Nonoperating Income (Expense) | $3.4m | ($26.0m) | ($11.1m) | $2.1m | $6.1m | ($4.5m) | ($158k) | ($605k) | $758k | $642k | |
| Operating Costs and Expenses | $62.3m | $64.2m | $29.4m | $35.8m | $51.0m | $24.3m | $34.9m | $22.1m | $19.6m | $27.2m | |
| Proceeds from Stock Options Exercised | — | — | — | $4.0m | $373k | $746k | $611k | — | — | — | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | — | — | — | — | — | — | — | — | — | ($743k) | |
| Net Cash Provided by (Used in) Operating Activities | $119.7m | $116.1m | $248.6m | $267.8m | $223.6m | $129.9m | $186.6m | $137.6m | $149.9m | $140.3m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $121.4m | $140.5m | $131.7m | $127.6m | $97.1m | $60.0m | $58.9m | $65.3m | $69.0m | $70.4m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $1.8b | $41.6m | $1.0m | $0 | — | $42.6m | $488k | $0 | $0 | $41.5m | |
| Payments for (Proceeds from) Other Investing Activities | $135k | ($1.1m) | ($1.2m) | ($475k) | ($1.0m) | $12k | ($81k) | $0 | $0 | — | |
| Net Cash Provided by (Used in) Investing Activities | ($1.9b) | ($182.7m) | ($119.3m) | ($35.4m) | $551.5m | $835.7m | ($63.0m) | ($65.3m) | ($73.5m) | $435.4m | |
| Cash flows from financing activities: | |||||||||||
| Repayments of Long-term Debt | $479.1m | $739.5m | $1.4b | $216.7m | $1.1b | $1.4b | $9.0m | $9.0m | $879.7m | $1.3b | |
| Proceeds from Issuance of Common Stock | $6.6m | $0 | $0 | — | — | — | — | — | — | — | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | — | $78.7m | $5.0m | $46.9m | |
| Dividends paid | — | — | — | — | $243.7m | $435.6m | $0 | $0 | — | — | |
| Dividends Payable | — | — | — | — | — | $8.6m | $4.1m | $641k | $0 | — | |
| Proceeds from (Payments for) Other Financing Activities | — | — | $519k | ($586k) | ($2.9m) | $1.5m | ($32k) | $438k | $210k | $460k | |
| Net Cash Provided by (Used in) Financing Activities | $1.9b | $68.9m | ($137.2m) | ($216.1m) | ($722.8m) | ($964.2m) | ($148.2m) | ($93.5m) | ($17.8m) | ($525.0m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($5.9m) | ($6.9m) | $354k | ($2.1m) | $11.1m | $2.3m | ($5.4m) | ($1.3m) | ($948k) | $423k | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($5.9m) | ($6.9m) | ($7.5m) | $14.2m | $63.3m | $3.7m | ($30.0m) | ($22.6m) | $57.6m | $51.2m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $59.7m | $73.9m | $137.2m | $140.9m | $110.9m | — | — | $197.2m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $132.6m | $170.1m | $105.1m | $116.9m | $90.3m | $59.0m | $35.4m | $42.1m | $49.0m | $50.8m | |
| Income Taxes Paid, Net | — | — | $23.8m | $17.4m | $35.0m | $11.8m | $25.6m | $22.4m | $26.3m | $11.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.