← HAEMONETICS CORP
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | ($26.3m) | $45.6m | $55.0m | $76.5m | $79.5m | $43.4m | $115.4m | $117.6m | $167.7m | $97.3m | |
| Depreciation and amortization | $89.7m | $89.2m | $109.4m | $110.3m | $84.3m | $97.7m | $93.3m | $97.2m | $115.6m | $111.7m | |
| Depreciation | $66.5m | $57.7m | $76.8m | $76.6m | $43.1m | $44.4m | $51.2m | $55.8m | $60.0m | $61.2m | |
| Amortization | $27.1m | $26.0m | $24.8m | ($25.7m) | ($25.7m) | — | — | — | — | — | |
| Amortization of Debt Issuance Costs | — | — | $0 | $0 | ($13.5m) | $3.4m | $2.0m | $3.2m | ($23.1m) | $0 | |
| Amortization of Intangible Assets | $37.2m | $31.9m | $32.6m | $34.2m | $32.8m | $56.6m | $42.1m | $41.4m | $55.6m | $50.5m | |
| Capitalized Computer Software, Amortization | $9.5m | $4.4m | $12.5m | — | — | $8.4m | $8.5m | $8.6m | $6.7m | $6.1m | |
| Deferred Income Tax Expense (Benefit) | ($6.8m) | ($5.8m) | $13.4m | ($6.7m) | ($20.8m) | $5.0m | $5.8m | ($10.9m) | ($5.6m) | ($26.4m) | |
| Deferred Other Tax Expense (Benefit) | ($6.8m) | ($5.8m) | $13.4m | ($7.0m) | ($19.9m) | $5.0m | $4.8m | ($11.0m) | ($5.2m) | ($26.5m) | |
| Share-based Payment Arrangement, Noncash Expense | $9.2m | $13.0m | $17.2m | $20.5m | $25.5m | $24.4m | $25.6m | $28.3m | $29.6m | $33.8m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | — | $5.9m | $10.2m | $5.0m | |
| Share-based Payment Arrangement, Expense | $9.2m | $13.0m | $17.2m | $20.5m | $25.5m | $24.4m | $25.6m | $28.3m | $29.6m | $33.8m | |
| Gain (Loss) on Sale of Assets and Asset Impairment Charges | — | — | — | — | — | — | — | — | $0 | — | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | — | — | — | $10.4m | — | — | |
| Goodwill, Impairment Loss | $57.0m | — | $0 | $0 | — | — | — | $0 | $0 | — | |
| Impairment of Intangible Assets, Finite-lived | $4.8m | $0 | $0 | $0 | $0 | $600k | $607k | $10.4m | $2.4m | $86.5m | |
| Restructuring Costs and Asset Impairment Charges | — | — | — | $51.2m | $32.8m | — | — | — | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | ($9.6m) | ($382k) | ($2.0m) | — | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | $9.6m | — | — | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | $2.8m | $2.8m | $2.8m | $16.8m | $1.8m | $2.0m | $1.6m | $1.8m | $15.7m | $714k | |
| Income Tax Expense (Benefit) | ($1.2m) | $14.1m | $18.6m | $10.6m | ($6.6m) | $20.3m | $26.0m | $34.3m | $44.4m | $30.7m | |
| Other Nonoperating Income (Expense) | ($8.1m) | ($4.5m) | ($9.9m) | ($16.2m) | ($16.8m) | ($17.1m) | ($14.6m) | ($13.0m) | ($9.7m) | ($28.7m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | ($3.2m) | ($5.1m) | $38.1m | ($18.9m) | ($44.1m) | $35.0m | $24.4m | $24.2m | ($7.0m) | $14.9m | |
| Increase (Decrease) in Inventories | $1.6m | ($14.4m) | $39.3m | $84.7m | $38.9m | ($24.3m) | ($30.8m) | $60.1m | $64.7m | ($47.4m) | |
| Proceeds from Stock Options Exercised | $29.4m | $37.1m | $10.2m | $8.6m | $6.2m | $2.3m | $2.6m | $1.6m | — | — | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | — | $8.0m | $0 | $0 | $32.8m | $9.6m | $382k | $2.0m | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($1.8m) | ($200k) | ($2.3m) | ($2.9m) | ($700k) | ($1.5m) | ($1.0m) | ($4.0m) | ($900k) | ($3.2m) | |
| Gain (Loss) on Investments | — | — | — | — | — | — | $0 | $0 | $0 | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | — | $1.4m | $5.2m | $6.7m | — | — | |
| Goodwill | $210.8m | $211.4m | $210.8m | $210.7m | $466.4m | $467.3m | $466.2m | $565.1m | $604.3m | $656.4m | |
| Operating Expenses | $397.9m | $355.8m | $334.0m | $381.2m | $308.1m | $424.8m | $459.1m | $526.7m | $527.1m | $630.9m | |
| Restructuring Costs | — | — | — | — | — | — | — | $14.1m | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $967.6m | $988.5m | $870.5m | $993.2m | $1.2b | $1.3b | $1.4b | $1.3b | |
| Unrealized Gain (Loss) on Derivatives | ($517k) | $649k | $24k | ($813k) | ($1.9m) | — | — | — | — | — | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | ($289k) | — | — | — | — | $184k | $330k | $0 | $104k | ($15k) | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment | — | $152k | ($73k) | ($209k) | $0 | — | — | — | — | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($4.6m) | ($1.3m) | $200k | ($625k) | ($6.9m) | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $159.7m | $220.3m | $159.3m | $158.2m | $108.8m | $172.3m | $273.1m | $181.8m | $181.7m | $293.2m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $76.1m | $74.8m | $119.0m | $48.8m | $37.0m | $96.5m | $110.2m | $66.3m | $39.3m | $32.8m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | $2.9m | $243.9m | $150.9m | $60.2m | |
| Net Cash Provided by (Used in) Investing Activities | ($73.3m) | ($63.0m) | ($116.1m) | ($57.2m) | ($425.4m) | ($86.3m) | ($143.8m) | ($322.4m) | ($161.9m) | ($179.5m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | — | — | $347.8m | $0 | — | — | — | — | — | — | |
| Repayments of Long-term Debt | $42.7m | $61.7m | $266.9m | $13.1m | $21.9m | $17.5m | $9.6m | $12.2m | $4.7m | — | |
| Payments for Repurchase of Common Stock | $0 | $100.0m | $160.0m | $175.0m | $0 | $0 | $75.0m | $0 | $225.0m | $175.0m | |
| Proceeds from (Payments for) Other Financing Activities | $0 | $0 | — | ($99k) | ($46k) | ($5k) | ($44k) | ($73k) | ($249k) | ($102k) | |
| Net Cash Provided by (Used in) Financing Activities | ($60.4m) | ($120.6m) | ($50.6m) | ($131.2m) | $367.5m | ($15.7m) | ($100.4m) | $38.2m | $108.8m | ($178.5m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($1.6m) | $3.9m | ($3.3m) | ($1.9m) | $4.2m | ($3.0m) | ($3.9m) | ($3.2m) | ($685k) | $3.5m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($1.6m) | $3.9m | ($3.3m) | ($32.0m) | $55.0m | $67.2m | $25.0m | ($105.7m) | $128.0m | ($61.3m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $137.3m | $192.3m | $259.5m | $284.5m | $178.8m | $306.8m | $245.4m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $7.8m | $7.7m | $13.1m | $12.5m | $7.8m | $6.2m | $13.6m | $20.9m | $16.5m | $17.5m | |
| Income Taxes Paid, Net | $7.0m | $9.1m | $8.2m | $11.5m | $12.5m | $24.3m | $18.0m | $52.7m | $49.3m | $60.7m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.