← Element Solutions 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 | ($73.7m) | ($296.2m) | ($324.4m) | $92.9m | $75.7m | $203.7m | $188.0m | $118.2m | $244.2m | $190.8m | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($40.8m) | ($296.2m) | ($324.4m) | $92.2m | $75.7m | $203.3m | $187.2m | $118.1m | $244.5m | $191.0m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($76.7m) | ($295.6m) | ($319.9m) | $92.9m | $75.7m | $203.7m | $188.0m | $118.2m | $244.5m | $191.0m | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $113.8m | ($103.8m) | ($77.0m) | $79.6m | $76.8m | $203.4m | $186.2m | $116.1m | $242.9m | $191.0m | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $113.8m | ($103.8m) | ($242.9m) | $13.3m | ($1.1m) | $300k | $1.8m | $2.1m | $1.6m | $0 | |
| Net Income (Loss) Attributable to Noncontrolling Interest | ($3.0m) | $600k | $4.5m | $700k | $0 | $400k | $800k | $100k | $300k | $200k | |
| Depreciation, Depletion and Amortization | $342.3m | $354.2m | $156.7m | $154.7m | $161.4m | $163.9m | $161.3m | $166.7m | $157.6m | $151.2m | |
| Amortization | $267.3m | $275.9m | $112.1m | $113.2m | $119.2m | $124.2m | $119.7m | $124.1m | $117.6m | $110.1m | |
| Amortization of Intangible Assets | $267.0m | $276.0m | $112.0m | $113.0m | $119.0m | $124.0m | $120.0m | $124.0m | $118.0m | $110.0m | |
| Depreciation | $75.0m | $78.3m | $44.6m | $41.5m | $42.2m | $39.7m | $41.6m | $42.6m | $40.0m | $41.1m | |
| Deferred Income Tax Expense (Benefit) | ($57.4m) | ($126.6m) | ($54.7m) | ($3.1m) | ($53.0m) | ($46.7m) | $15.1m | ($69.9m) | ($39.2m) | ($12.6m) | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | — | $6.0m | $40.1m | $17.7m | $9.4m | $14.8m | $59.1m | |
| Share-based Payment Arrangement, Expense | — | $11.8m | $19.3m | $12.4m | $6.0m | $40.1m | $17.7m | $9.4m | $14.8m | $59.1m | |
| Goodwill, Impairment Loss | $46.6m | $160.0m | $0 | $0 | $0 | $0 | $0 | $80.0m | $0 | $0 | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | — | $0 | $0 | $0 | $0 | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | — | — | — | — | $59.0m | |
| Gain (Loss) on Extinguishment of Debt | ($11.3m) | ($72.3m) | ($400k) | ($60.7m) | ($45.7m) | $0 | $0 | ($2.3m) | $200k | ($1.8m) | |
| Income (Loss) from Equity Method Investments | — | — | — | — | $0 | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $28.6m | $6.6m | $23.8m | $61.3m | $4.3m | $48.3m | $85.8m | $13.0m | $44.8m | $74.6m | |
| Operating Lease, Expense | — | — | — | $20.8m | $20.9m | $24.3m | $26.2m | $27.3m | $27.9m | $26.9m | |
| Other Nonoperating Income (Expense) | $100.8m | ($61.2m) | $14.8m | ($46.2m) | ($51.7m) | ($9.8m) | $2.9m | ($3.1m) | ($25.0m) | ($46.9m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $18.9m | $53.1m | ($900k) | ($21.8m) | $27.3m | $48.7m | ($6.4m) | $6.8m | $29.9m | $57.6m | |
| Increase (Decrease) in Inventories | ($70.4m) | $30.3m | $18.8m | $3.8m | ($1.4m) | $46.5m | $31.2m | $9.5m | ($7.8m) | $39.1m | |
| Increase (Decrease) in Accounts Payable | ($67.3m) | $49.8m | ($5.5m) | ($7.0m) | ($5.3m) | $16.8m | ($100k) | $300k | ($1.0m) | $27.4m | |
| Asset Retirement Obligation, Accretion Expense | $1.2m | — | — | — | — | — | — | — | — | — | |
| Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded | — | — | — | — | — | — | — | — | $11.4m | $0 | |
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | ($5.0m) | $0 | $0 | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | ($5.5m) | $28.7m | ($36.5m) | $15.8m | ($5.0m) | $7.9m | $25.1m | ($35.3m) | |
| Foreign Currency Transaction Gain (Loss), Realized | ($14.1m) | ($107.5m) | — | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | — | — | $200k | $54.6m | ($29.3m) | $6.9m | ($3.4m) | $10.6m | $24.4m | ($29.4m) | |
| Gain (Loss) Related to Litigation Settlement | — | $10.8m | $0 | $0 | — | — | — | — | — | — | |
| Goodwill | $4.2b | $4.2b | $2.2b | $2.2b | $2.3b | $2.5b | $2.4b | $2.3b | $2.1b | $2.2b | |
| Nonoperating Income (Expense) | ($301.5m) | ($510.3m) | ($301.7m) | ($108.2m) | ($151.6m) | ($48.2m) | ($53.3m) | ($44.5m) | ($56.2m) | ($76.6m) | |
| Operating Expenses | $1.3b | $1.4b | $589.1m | $539.2m | $553.3m | $660.9m | $627.4m | $744.9m | $691.8m | $728.3m | |
| Payments of Financing Costs | $1.1m | $13.8m | $1.4m | $40.5m | $46.2m | $5.1m | $1.9m | $6.3m | $3.2m | $0 | |
| Restructuring Costs | $31.1m | $30.8m | $6.3m | $14.1m | $6.3m | $11.7m | $9.5m | $11.4m | — | — | |
| Unrealized Gain (Loss) on Derivatives | $0 | $0 | — | — | — | — | — | — | — | — | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment | — | ($10.5m) | $11.3m | $0 | $0 | — | — | — | — | — | |
| Derivative, Gain (Loss) on Derivative, Net | ($12.5m) | ($9.5m) | $400k | $13.4m | ($9.0m) | ($15.7m) | ($200k) | $2.7m | ($13.5m) | ($48.6m) | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | — | ($10.4m) | $500k | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $184.8m | $182.1m | ($800k) | $170.9m | $276.0m | $326.0m | $295.9m | $333.6m | $362.0m | $289.8m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $56.3m | $59.4m | $28.4m | $29.7m | $28.8m | $46.3m | $47.8m | $52.7m | $68.4m | $62.2m | |
| Payments to Acquire Businesses, Net of Cash Acquired | ($1.3m) | $500k | $28.2m | $63.9m | $9.0m | $536.5m | $22.6m | $214.8m | $3.9m | — | |
| Payments for (Proceeds from) Other Investing Activities | $3.9m | $4.5m | ($3.6m) | ($6.9m) | $3.8m | ($13.9m) | $9.6m | ($15.9m) | $1.5m | ($25.6m) | |
| Net Cash Provided by (Used in) Investing Activities | ($74.7m) | ($92.6m) | — | — | ($39.9m) | ($568.9m) | ($75.2m) | ($250.2m) | ($73.8m) | $286.1m | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | — | — | — | $1.5b | $800.0m | $398.0m | $0 | $1.3b | $1.0b | $0 | |
| Proceeds from Issuance of Common Stock | $391.5m | $1.4m | $1.4m | — | — | — | — | — | — | — | |
| Payments for Repurchase of Common Stock | — | — | — | $507.1m | $55.7m | $19.6m | $151.0m | $0 | $0 | $25.0m | |
| Dividends paid | — | — | — | — | $12.4m | $61.9m | $78.4m | $77.4m | $78.2m | $77.8m | |
| Proceeds from (Payments for) Other Financing Activities | ($47.4m) | ($13.3m) | ($3.9m) | ($8.4m) | ($1.4m) | ($11.4m) | ($27.9m) | ($8.0m) | ($12.7m) | ($15.0m) | |
| Net Cash Provided by (Used in) Financing Activities | ($102.2m) | ($67.4m) | — | — | ($123.6m) | $290.0m | ($275.6m) | ($58.7m) | ($206.6m) | ($320.4m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($17.5m) | $33.1m | — | — | $4.0m | ($5.4m) | ($11.4m) | ($3.2m) | ($13.1m) | $11.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($17.5m) | $33.1m | ($68.3m) | ($225.4m) | $101.8m | $38.2m | ($64.5m) | $23.7m | $70.1m | $267.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | — | — | $359.4m | $626.5m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Income Taxes Paid, Net | $121.2m | $145.0m | $78.9m | $71.2m | $66.5m | $71.2m | $66.5m | $73.7m | $87.2m | $98.8m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.