← FORUM ENERGY TECHNOLOGIES, 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 | ($82.0m) | ($59.4m) | ($374.1m) | ($567.1m) | ($96.9m) | ($82.7m) | $3.7m | ($18.9m) | ($135.3m) | ($9.7m) | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($81.9m) | ($59.4m) | ($374.1m) | ($567.1m) | — | — | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $30k | $0 | $0 | — | — | — | — | — | — | — | |
| Depreciation, Depletion and Amortization | $35.6m | $34.4m | $74.5m | $63.2m | $51.0m | $42.2m | $37.0m | $34.7m | $53.7m | $33.8m | |
| Amortization of Debt Issuance Costs | $1.9m | $1.7m | $1.9m | $1.9m | $1.8m | — | — | — | — | — | |
| Amortization of Intangible Assets | $26.1m | $30.7m | $41.4m | $32.6m | $26.5m | $25.1m | $24.5m | $23.9m | $36.8m | $19.9m | |
| Depreciation | $35.6m | $34.4m | $33.1m | $30.6m | $24.5m | $17.1m | $12.4m | $10.8m | $16.9m | $13.8m | |
| Deferred Income Tax Expense (Benefit) | ($24.4m) | $149k | ($13.6m) | ($13.0m) | ($149k) | $2.8m | ($130k) | ($204k) | ($17.6m) | $5.3m | |
| Share-based Payment Arrangement, Noncash Expense | $20.5m | $20.3m | $19.9m | $15.8m | $9.8m | $7.6m | $4.2m | $4.6m | $7.1m | $9.0m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | — | — | $1.1m | $1.3m | |
| Share-based Payment Arrangement, Expense | $20.5m | $20.3m | $19.9m | $15.8m | $9.8m | $7.6m | $4.2m | $4.6m | $7.1m | $9.0m | |
| Goodwill and Intangible Asset Impairment | $0 | $69.1m | $363.5m | $532.3m | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | $0 | $68.0m | $298.8m | $471.0m | — | — | — | — | — | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | — | — | $0 | $119.1m | $0 | |
| Impairment of Intangible Assets, Finite-lived | $0 | — | $64.7m | — | — | $0 | — | $0 | $119.1m | $0 | |
| Operating Lease, Impairment Loss | — | — | — | — | $15.4m | $0 | — | — | — | $1.6m | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | $120.4m | $0 | $1.6m | $0 | — | — | — | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | $2.3m | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Business | — | — | $33.5m | $0 | $88.4m | $0 | — | — | — | — | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | $0 | $72.5m | ($5.3m) | $0 | $0 | ($2.9m) | $0 | |
| Gain (Loss) on Disposition of Assets for Financial Service Operations | ($2.6m) | ($2.1m) | $438k | ($78k) | $597k | $1.1m | $1.3m | ($156k) | ($484k) | $378k | |
| Income (Loss) from Equity Method Investments | $1.8m | $1.0m | $140k | ($318k) | $0 | — | — | — | — | — | |
| Income Tax Expense (Benefit) | ($56.1m) | $4.1m | ($15.7m) | ($1.8m) | ($12.9m) | $642k | $6.6m | $11.1m | $6.9m | $26.2m | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | $1.4m | ($2.1m) | $140k | ($318k) | $0 | — | — | — | — | — | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | ($29.4m) | $64.8m | $4.8m | ($49.7m) | ($65.5m) | $45.0m | $34.8m | ($6.7m) | ($13.6m) | ($14.7m) | |
| Increase (Decrease) in Inventories | ($57.3m) | $66.6m | $60.9m | ($54.3m) | ($51.6m) | ($1.9m) | $34.6m | $31.9m | ($41.5m) | ($11.1m) | |
| Foreign Currency Transaction Gain (Loss), before Tax | $21.3m | ($7.3m) | $6.3m | ($5.0m) | ($6.5m) | ($217k) | $24.5m | ($10.2m) | ($7.3m) | $4.8m | |
| Goodwill | $652.7m | $755.2m | $469.6m | $0 | — | — | — | — | $61.7m | $64.7m | |
| Inventory Write-down | $25.5m | $14.6m | $36.6m | $10.3m | $100.8m | $8.1m | $2.7m | $2.8m | $2.7m | $19.7m | |
| Nonoperating Income (Expense) | ($9.0m) | $86.3m | $7.2m | ($32.7m) | $121.9m | ($37.5m) | ($7.0m) | ($28.5m) | ($41.7m) | ($13.6m) | |
| Operating Expenses | $230.5m | $331.4m | $653.5m | $780.7m | $220.6m | $167.8m | $171.2m | $183.4m | $341.8m | $188.9m | |
| Payments of Financing Costs | — | — | — | — | — | — | $0 | $311k | $8.5m | $914k | |
| Net Cash Provided by (Used in) Operating Activities | $64.7m | ($40.0m) | $2.4m | $104.1m | $3.9m | ($15.8m) | ($17.1m) | $8.2m | $92.2m | $70.4m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $16.8m | $26.7m | $24.0m | $15.1m | $2.2m | $2.4m | $7.5m | $7.9m | $8.1m | $6.0m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $4.1m | $162.2m | $60.6m | $0 | $0 | $3.4m | $485k | $0 | $150.4m | $0 | |
| Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net | — | $120.4m | — | — | — | — | — | — | — | — | |
| Payments for (Proceeds from) Other Investing Activities | ($9.8m) | ($930k) | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($11.1m) | ($188.0m) | ($75.4m) | $28.1m | $108.2m | $10.7m | $27.1m | ($6.6m) | ($137.5m) | $9.6m | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $0 | $107.4m | $222.0m | $137.0m | — | — | — | — | — | — | |
| Repayments of Long-term Debt | $0 | $0 | $211.8m | $256.9m | — | — | — | — | — | — | |
| Proceeds from Issuance of Common Stock | $87.7m | $1.5m | $249k | $0 | — | — | — | — | — | — | |
| Payments for Repurchase of Common Stock | $623k | $4.7m | $2.8m | $1.1m | $195k | $1.4m | $3.8m | $6.0m | $0 | $34.6m | |
| Proceeds from (Payments for) Other Financing Activities | ($858k) | ($3.6m) | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | $86.2m | $100.6m | $6.5m | ($122.2m) | ($41.8m) | ($76.2m) | ($5.1m) | ($7.6m) | $45.2m | ($91.6m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($14.6m) | $8.2m | ($1.5m) | $582k | $338k | ($439k) | ($838k) | $1.1m | ($1.4m) | $1.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($14.6m) | $8.2m | ($68.0m) | $10.7m | $70.7m | ($81.8m) | $4.2m | ($4.9m) | ($1.5m) | ($10.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $125.2m | ($119.2m) | $47.2m | $57.9m | $128.6m | $46.9m | $51.0m | $46.2m | $44.7m | $34.7m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $26.3m | $26.0m | $30.3m | $31.9m | $23.8m | $27.1m | $25.3m | $17.1m | $26.8m | $16.9m | |
| Income Taxes Paid, Net | ($6.3m) | ($29.1m) | $5.6m | $3.9m | ($13.9m) | $2.4m | ($383k) | $8.8m | $23.1m | $26.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.