← FORMFACTOR 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 ($6.6m) $40.9m $104.0m $39.3m $78.5m $83.9m $50.7m $82.4m $69.6m $54.4m
Depreciation, Depletion and Amortization $46.8m $13.6m $14.3m $17.2m $20.7m $25.8m $28.6m $30.6m $30.3m $37.6m
Amortization — $30.9m $29.4m $27.7m — — — — — —
Amortization of Debt Issuance Costs $307k $619k $390k $160k $32k $5k — — — —
Amortization of Intangible Assets $35.4m $30.9m $29.4m $27.7m $28.0m $18.7m $9.4m $6.8m $2.6m $2.5m
Deferred Income Tax Expense (Benefit) ($45.0m) ($590k) ($74.9m) $5.0m ($562k) $3.9m ($6.3m) ($12.1m) ($13.4m) $1.9m
Share-based Payment Arrangement, Noncash Expense $10.7m $16.3m $17.8m $23.2m $23.8m $29.4m $31.3m $38.6m $39.8m $38.6m
Payment, Tax Withholding, Share-based Payment Arrangement — $6.9m $5.8m $8.0m $15.4m $20.6m $15.7m $10.7m $20.0m $12.4m
Share-based Payment Arrangement, Expense — — — — $23.8m $29.4m $31.3m $38.6m $39.8m $38.6m
Goodwill, Impairment Loss — — $0 $0 $0 — — — — —
Impairment of Intangible Assets (Excluding Goodwill) — — $0 $0 $0 $0 $0 $0 $0 $0
Impairment of Intangible Assets, Finite-lived — $0 $0 — — — — — — —
Gain (Loss) on Disposition of Assets — — — — — — — — — $103k
Gain (Loss) on Disposition of Business — — — — — — — $73.0m $20.6m $0
Gain (Loss) on Disposition of Property Plant Equipment ($361k) ($510k) ($325k) ($486k) ($451k) ($449k) ($296k) $0 $0 ($103.7m)
Income (Loss) from Equity Method Investments — — — — — — — $0 $0 ($2.0m)
Income Tax Expense (Benefit) ($43.6m) $1.3m ($70.1m) $11.7m $6.7m $14.6m $7.1m $6.9m $9.8m $13.0m
Operating Lease, Expense — — — $7.0m $7.5m $8.5m $8.6m — — —
Other Nonoperating Income (Expense) ($2.6m) ($152k) ($224k) $602k $750k $495k $1.3m ($285k) $939k $2.2m
Changes in operating assets and liabilities:
Non-cash transactions:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $6.8m $10.7m $13.8m ($481k) $3.5m $9.1m ($26.0m) $23.3m $1.9m $20.2m
Increase (Decrease) in Inventories $11.7m $15.6m $21.3m $14.3m $22.2m $31.7m $28.8m $9.5m $8.3m $20.7m
Increase (Decrease) in Accounts Payable $3.4m $741k $3.0m ($27k) $16.8m ($6.6m) $3.9m $1.3m ($8.2m) ($5.7m)
Foreign Currency Transaction Gain (Loss), Unrealized $77k $1.7m ($125k) ($408k) $968k ($1.6m) ($2.3m) ($2.3m) ($1.5m) ($2.1m)
General and Administrative Expense — — — — — — — — $67.2m $62.9m
Goodwill $188.0m $189.9m $189.2m $199.2m $212.8m $212.3m $211.4m $201.1m $199.2m $216.0m
Inventory Write-down $6.6m $9.3m $10.5m $10.4m $13.1m $15.5m $24.6m $15.0m $12.3m $14.9m
Investment Income, Interest $327k $548k $1.4m $2.7m $1.5m $569k $2.2m $7.2m $14.1m $10.6m
Operating Expenses $150.6m $169.3m $174.2m $187.8m $204.1m $224.7m $241.1m $248.8m $263.7m $251.8m
Restructuring Costs $964k — — — — — — — — —
Net Cash Provided by (Used in) Operating Activities $17.4m $86.3m $68.7m $121.0m $169.3m $139.4m $131.8m $64.6m $117.5m $115.4m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $11.5m $17.8m $19.9m $20.8m $55.9m $66.5m $65.3m $56.0m $38.4m $103.7m
Property, plant and equipment acquisitions funded by liabilities $11.5m $17.8m $19.9m $20.8m $55.9m $66.5m $65.3m $56.0m $38.4m $103.7m
Payments to Acquire Businesses, Net of Cash Acquired $228.0m $0 $0 $20.5m $51.9m $0 $3.4m $0 $0 $20.6m
Net Cash Provided by (Used in) Investing Activities ($206.3m) ($59.7m) ($21.3m) ($66.4m) ($98.9m) ($124.7m) ($75.7m) $29.0m ($33.5m) ($191.5m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $150.0m $0 $0 $23.4m $18.0m $0 $0 — — —
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale $44.5m $9.0m $29.0m $51.2m $60.0m $91.7m $95.8m $118.8m $124.0m $126.1m
Repayments of Long-term Debt $10.6m $33.1m $41.2m $30.0m $43.4m $9.3m $8.4m $1.0m $1.1m $1.1m
Payments for Repurchase of Common Stock $0 $19.0m $0 $0 $0 $24.0m $82.3m $19.8m $53.3m $26.2m
Net Cash Provided by (Used in) Financing Activities $143.6m ($39.5m) ($39.3m) ($6.6m) ($30.9m) ($47.2m) ($95.9m) ($22.7m) ($64.6m) ($13.6m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $399k $2.7m ($256k) ($727k) $3.8m ($3.2m) ($2.5m) ($2.6m) ($3.5m) ($456k)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $399k $2.7m ($256k) $47.4m $43.2m ($35.8m) ($42.4m) $68.3m $15.9m ($90.2m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $399k $2.7m $100.5m $147.9m $191.1m $155.3m $113.0m $181.3m $197.2m $107.0m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $2.1m $3.8m $3.1m $1.4m $867k $643k $535k $422k $391k $362k
Income Taxes Paid, Net $3.7m $3.2m $4.6m $4.3m $9.2m $8.0m $10.9m $17.4m $15.6m $8.9m

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