← GRIFFON CORP
| 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 | $30.0m | $14.9m | $125.7m | $37.3m | $53.4m | $79.2m | ($191.6m) | $77.6m | $209.9m | $51.1m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | $17.8m | $33.3m | $45.6m | $53.4m | $71.2m | ($287.7m) | $77.6m | $209.9m | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | ($2.9m) | $92.4m | ($8.3m) | $0 | $8.0m | $96.2m | $0 | $0 | — | |
| Depreciation, Depletion and Amortization | $70.2m | $47.9m | $55.8m | $61.8m | $62.4m | $52.3m | $64.7m | $65.4m | $60.7m | $63.0m | |
| Amortization | $1.6m | $1.7m | $3.5m | $4.0m | — | — | — | — | — | — | |
| Amortization of Debt Issuance Costs | $3.0m | $3.0m | $4.9m | $5.1m | $3.5m | $2.7m | $3.7m | $4.1m | $4.1m | $4.1m | |
| Amortization of Debt Issuance Costs and Discounts | $7.4m | $4.5m | $5.2m | $5.4m | $3.7m | $2.6m | $3.8m | $4.2m | $4.2m | $4.2m | |
| Amortization of Intangible Assets | $7.5m | $6.7m | $9.1m | $9.9m | $9.6m | $9.6m | $18.2m | $22.4m | $22.8m | $23.3m | |
| Other Depreciation and Amortization | $70.2m | $47.9m | $55.8m | $61.8m | $62.4m | $52.3m | $64.7m | $65.4m | $60.7m | $63.0m | |
| Deferred Income Tax Expense (Benefit) | $8.1m | $2.3m | ($17.6m) | ($2.2m) | $2.1m | $13.8m | ($56.7m) | ($37.8m) | $3.6m | ($28.5m) | |
| Share-based Payment Arrangement, Noncash Expense | $10.1m | $8.1m | $10.1m | $13.3m | $17.6m | $20.1m | $33.1m | $41.1m | $26.8m | $25.5m | |
| Share-based Payment Arrangement, Expense | $10.1m | $8.1m | $10.1m | $13.3m | — | — | — | — | — | — | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | $0 | $0 | $517.0m | $109.2m | $0 | $243.6m | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $342.0m | — | — | $136.6m | |
| Operating Lease, Impairment Loss | — | — | — | — | $2.0m | $2.0m | — | — | — | — | |
| Restructuring Costs and Asset Impairment Charges | $0 | — | $0 | $0 | $15.8m | $21.4m | $4.8m | $58.9m | $23.8m | $0 | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | — | — | $12.7m | ($61k) | $8.3m | |
| Gain (Loss) on Disposition of Property Plant Equipment | $350k | $126k | ($290k) | $179k | $287k | ($231k) | $469k | $13.0m | $61k | $8.3m | |
| Gain (Loss) on Extinguishment of Debt | $0 | — | — | — | ($7.9m) | $0 | ($4.5m) | ($437k) | ($1.7m) | $0 | |
| Income (Loss) from Equity Method Investments | $0 | $0 | $0 | $0 | $0 | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $23.2m | ($1.1m) | $555k | $26.6m | $29.3m | $39.9m | $16.8m | $35.1m | $86.8m | $76.3m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $104.1m | $96.0m | |
| Other Nonoperating Income (Expense) | $768k | ($880k) | $1.2m | $4.2m | $1.4m | $3.3m | $6.9m | $2.9m | $1.8m | $6.7m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | — | — | — | $13.4m | ($72.6m) | ($7.0m) | ($20.7m) | $50.8m | ($4.2m) | ($18.9m) | |
| Increase (Decrease) in Inventories | ($20.5m) | $29.3m | $52.1m | $24.9m | ($34.1m) | $154.5m | $106.8m | ($129.2m) | ($73.6m) | $18.3m | |
| Foreign Currency Transaction Gain (Loss), before Tax | $770k | ($723k) | ($200k) | $608k | ($915k) | ($81k) | $305k | $302k | ($333k) | $474k | |
| Foreign Currency Transaction Gain (Loss), Realized | ($157k) | ($378k) | ($7k) | ($14k) | — | — | — | — | — | — | |
| Goodwill | $361.2m | $319.1m | $439.4m | $437.1m | $442.6m | $426.1m | $335.8m | $327.9m | $329.4m | $192.9m | |
| Investment Income, Interest | $143k | $64k | $1.7m | $806k | $753k | $440k | $215k | $2.1m | $2.4m | $2.2m | |
| Nonoperating Income (Expense) | ($50.3m) | ($52.3m) | ($62.6m) | ($63.1m) | ($72.3m) | ($59.4m) | ($81.8m) | ($84.2m) | ($101.6m) | ($78.9m) | |
| Operating Expenses | $369.9m | $339.1m | — | — | — | — | $1.1b | $751.9m | $621.6m | $851.7m | |
| Payments of Financing Costs | $4.4m | $1.5m | $7.8m | $1.1m | $17.4m | $571k | $17.1m | $3.0m | $907k | $0 | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $2.0b | $2.2b | — | — | — | — | — | — | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | ($5.1m) | $0 | $0 | — | — | — | — | — | $4.6m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $90.8m | $34.9m | $50.1m | $45.4m | $49.0m | $37.0m | $42.5m | $63.6m | $68.4m | $52.4m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $4.5m | $34.7m | $430.9m | $9.2m | $10.5m | $2.2m | $851.5m | $0 | $14.6m | $0 | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $302.4m | $233.4m | $443.1m | $201.7m | $1.2b | $20.9m | $1.1b | $122.6m | $217.0m | $63.0m | |
| Repayments of Long-term Debt | $215.0m | $170.5m | $301.0m | $218.2m | $1.3b | $27.8m | $511.2m | $221.8m | $168.8m | $178.7m | |
| Proceeds from Issuance of Common Stock | $0 | $0 | $0 | — | $178.2m | $0 | $0 | — | — | — | |
| Payments for Repurchase of Common Stock | $65.3m | $15.8m | $45.6m | $1.5m | $7.5m | $3.4m | $10.9m | $164.0m | $309.9m | $183.3m | |
| Payments of Ordinary Dividends, Common Stock | $8.8m | $10.3m | $49.8m | $13.7m | $14.5m | $17.1m | $126.7m | $133.8m | $35.8m | $39.7m | |
| Dividends Payable | — | — | — | — | $3.5m | $2.9m | $9.5m | $15.0m | $9.1m | $3.0m | |
| Proceeds from (Payments for) Other Financing Activities | $55k | ($70k) | $51k | ($180k) | ($15k) | ($257k) | $258k | ($130k) | ($341k) | ($130k) | |
| Net Cash Provided by (Used in) Financing Activities | $8.9m | ($700k) | $39.1m | $0 | $0 | ($28.2m) | $393.3m | ($400.2m) | ($298.7m) | ($338.7m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $886k | $164k | $1.2m | $313k | $2.4m | ($3.5m) | ($5.4m) | ($693k) | ($2.0m) | $1.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $886k | $164k | $1.2m | $313k | $145.7m | $30.6m | ($128.5m) | ($17.3m) | $11.5m | ($15.4m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | $218.1m | $248.7m | $120.2m | $102.9m | $114.4m | $99.0m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $44.3m | $48.1m | $59.8m | $63.3m | $63.1m | $60.8m | $78.3m | $99.8m | $100.7m | $92.9m | |
| Income Taxes Paid, Net | $3.4m | $21.0m | $32.1m | $25.3m | $21.0m | $41.2m | $80.3m | $70.9m | $103.0m | $96.2m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.