← EVI INDUSTRIES, 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 $1.7m $3.2m $4.0m $3.7m $775k $8.4m $4.1m $9.7m $5.6m $7.5m
Net Income (Loss) Available to Common Stockholders, Basic $1.7m $2.9m $3.7m $3.5m $713k $7.7m $3.7m $8.5m $4.9m $6.4m
Depreciation, Depletion and Amortization $61k $576k $1.6m $2.7m $3.7m $4.6m $5.2m $6.0m $6.0m $6.7m
Amortization of Intangible Assets $7k $345k $858k $1.5m $1.7m $1.9m — — $13.1m $2.5m
Depreciation $54k $231k $721k $1.2m $2.0m $2.7m $3.3m $3.9m $3.9m $4.2m
Amortization of debt discount — $10k $18k $95k $55k $55k $133k $29k $34k $54k
Deferred Income Tax Expense (Benefit) $4k ($3k) $682k $861k ($178k) $1.6m ($164k) $357k $475k ($821k)
(Benefit) provision for deferred income taxes $4k ($3k) — — — $1.6m ($164k) $357k $475k ($821k)
Share-based Payment Arrangement, Noncash Expense — $421k $1.6m $1.7m $2.3m $2.4m $2.6m $3.1m $5.0m $4.6m
Share-based Payment Arrangement, Expense — $421k $1.6m $1.7m — — — — — —
Stock compensation — $421k $1.6m $1.7m $2.3m $2.4m $2.6m $3.1m $5.0m $4.6m
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property — ($15k) — — — — — — — —
Gain (Loss) on Extinguishment of Debt — — — — — $7.0m — — — —
Income Tax Expense (Benefit) $1.1m $2.0m $2.4m $1.9m $573k $1.5m $1.6m $4.3m $3.2m $3.5m
Operating Lease, Expense — — — — $18k $55k $136k — — —
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable — — — — — — — — ($7.0m) $11.1m
Increase (Decrease) in Inventories ($186k) $838k $1.9m $4.3m ($4.0m) ($665k) $20.4m $8.3m ($11.9m) ($211k)
Goodwill — $24.8m $37.1m $54.5m $56.7m $63.9m $71.0m $73.4m $75.1m $91.7m
Inventory Write-down $7k $284k $253k $290k $339k $472k $703.0m — — —
Investment Income, Interest $2k — — — — — — — — —
Operating Expenses $33.2m — — — — — — — — —
Provision for expected credit losses $26k $61k $105k $283k $497k $326k $446k $710k $688k $1.1m
Non-cash lease expense — — — — — — $136k $93k $14k $143k
Inventory reserve ($4k) $52k $77k $86k $49k $116k ($105k) ($178k) $54k $182k
Other — — — — ($109k) ($230k) ($24k) ($103k) $25k ($87k)
Accounts receivable $66k ($2.4m) $3.8m ($8.9m) $8.1m ($4.5m) ($12.1m) ($5.7m) $7.0m ($11.1m)
Inventories $186k ($838k) ($1.9m) ($4.3m) $4.0m $665k ($20.4m) ($8.3m) $11.9m $211k
Vendor deposits ($803k) $1.4m $826k $203k ($873k) $909k ($1.2m) ($527k) $634k $261k
Contract assets — — ($926k) ($1.5m) ($956k) $3.1m ($1.2m) $338k ($41k) $1.2m
Other assets ($516k) $969k ($533k) ($988k) ($356k) ($2.2m) ($433k) ($4.3m) $2.5m ($735k)
Accounts payable and accrued expenses $1.5m $2.0m ($4.3m) $2.4m $5.6m ($798k) $13.3m ($4.2m) ($8.2m) $10.3m
Accrued employee expenses $337k $335k $2.7m $241k ($474k) $2.2m $814k $2.1m $646k $2.2m
Customer deposits ($1.3m) ($1.4m) $5.6m ($6.0m) $1.3m $1.3m $9.8m $1.6m $1.0m ($742k)
Contract liabilities — — ($1.9m) $595k ($296k) $2.7m ($2.7m) $161k ($668k) $408k
Cash paid for acquisitions, net of cash acquired — ($14.7m) ($13.4m) ($12.5m) ($1.4m) ($4.8m) ($12.0m) ($2.3m) ($1.9m) ($46.9m)
Proceeds from borrowings — $25.9m $71.6m $113.0m $24.9m $53.5m $65.0m $77.0m $62.5m $106.0m
Cash at beginning of year — — — $1.3m $5.0m $9.8m $4.0m $5.9m $4.6m $8.9m
Net Cash Provided by (Used in) Operating Activities $1.4m $2.6m $11.3m ($8.7m) $23.1m $13.7m ($1.9m) $940k $32.7m $21.3m
Cash flows from investing activities:
Capital expenditures ($2k) ($237k) ($829k) ($3.0m) ($3.4m) ($2.8m) ($4.0m) ($3.7m) ($4.9m) ($4.9m)
Payments to Acquire Businesses, Net of Cash Acquired — $14.7m $13.4m $12.5m $1.4m $4.8m $12.0m $2.3m $1.9m $46.9m
Net cash used by investing activities ($2k) ($14.9m) ($14.2m) ($15.5m) ($4.8m) ($7.6m) ($15.9m) ($6.0m) ($6.8m) ($51.8m)
Net Cash Provided by (Used in) Investing Activities — ($14.9m) ($14.2m) ($15.5m) ($4.8m) ($7.6m) ($15.9m) ($6.0m) ($6.8m) ($51.8m)
Cash flows from financing activities:
Debt repayments — ($21.7m) ($66.1m) ($82.4m) ($37.9m) ($62.5m) ($49.0m) ($70.0m) ($84.5m) ($66.0m)
Proceeds from Issuance of Common Stock — $6.0m — $45k $50k $69k $120k $118k $116k —
Issuances of common stock under employee stock purchase plan — — — — — — $120k $118k $116k $124k
Common stock issued for acquisitions — $19k $21k $21k $4k $9k $4k $503k $229k —
Payments for Repurchase of Common Stock — — — $728k $573k $853k $205k $125k $1.2m $716k
Repurchases of common stock in satisfaction of employee tax withholding obligations — — ($707k) ($728k) ($573k) ($853k) ($205k) ($125k) ($1.2m) ($716k)
Dividends paid $1 $1 $1 $2 — — — — $4 $5
Net cash provided (used) by financing activities ($1.4m) $9.1m $3.4m $28.0m ($13.6m) ($9.8m) $15.7m $7.0m ($27.2m) $34.8m
Net Cash Provided by (Used in) Financing Activities — $9.1m $3.4m $28.0m ($13.6m) ($9.8m) $15.7m $7.0m ($27.2m) $34.8m
Net increase (decrease) in cash — — — $3.7m $4.8m ($3.7m) ($2.1m) $1.9m ($1.4m) $4.3m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — — $4.0m $5.9m $4.6m $8.9m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities — $152k $499k $1.2m $1.5m $511k $494k $2.5m $2.8m $2.5m
Income Taxes Paid, Net $913k $1.8m $1.2m $1.7m $345k $505k $430k $3.1m $4.6m $3.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.