← HELIOS TECHNOLOGIES, INC.

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 $31.6m $46.7m $60.3m $14.2m $14.2m $98.4m $37.5m $39.0m $48.4m $48.4m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — $60.3m $14.2m — $98.4m $37.5m $39.0m $48.4m —
Depreciation, Depletion and Amortization $19.2m $39.7m $35.2m $39.7m $39.7m $51.6m $63.8m $63.8m $63.0m $63.0m
Amortization of Debt Issuance Costs $334k $729k $717k $1.1m $1.1m $500k $600k $1.1m $700k $700k
Amortization of Intangible Assets $8.4m $23.3m $18.1m $22.1m — $28.1m $32.9m $31.5m $31.7m —
Capitalized Computer Software, Amortization — — — — — — — $1.3m $1.9m —
Depreciation $10.8m $16.5m $17.1m $17.6m $39.7m $22.9m $30.2m $30.7m $29.0m $63.0m
Deferred Income Tax Expense (Benefit) ($6.8m) ($793k) ($1.1m) ($2.0m) ($3.6m) ($5.2m) ($7.9m) ($8.6m) ($800k) ($1.1m)
Benefit for deferred income taxes ($6.8m) ($1.5m) ($551k) — ($3.6m) ($1.4m) ($7.9m) ($8.3m) — ($1.1m)
Share-based Payment Arrangement, Noncash Expense $4.0m $4.3m $5.2m $5.8m — $8.6m $11.6m $3.4m $5.1m —
Payment, Tax Withholding, Share-based Payment Arrangement — $365k — — $700k $2.6m $2.2m $2.6m $1.4m $1.4m
Goodwill and Intangible Asset Impairment — — — — — — — — $25.9m —
Goodwill, Impairment Loss — — — $31.9m — $0 — — — —
Goodwill impairment — — $0 — $31.9m $0 $0 $0 — $25.9m
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property ($1.5m) ($56k) $196k — $100k $175k $300k $100k — $300k
Gain (Loss) on Disposition of Assets — — ($2.8m) — — — — — — —
Gain (Loss) on Disposition of Intangible Assets — — ($2.7m) — — — — — — —
Gain (Loss) on Disposition of Business — — — — — — — — $18.8m —
Income Tax Expense (Benefit) $16.0m $9.7m $15.0m $9.8m — $23.4m $11.7m $11.5m $14.0m —
Other Nonoperating Income (Expense) — — $385k $366k — $300k $1.1m $3.8m $19.6m —
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $11.1m $6.0m ($5.7m) ($727k) — ($9.1m) ($16.3m) ($7.3m) $16.5m —
Increase (Decrease) in Inventories $13.1m $11.7m $1.4m ($570k) — $27.0m $17.9m ($19.4m) $2.7m —
Increase (Decrease) in Accounts Payable $5.8m $5.9m ($10.8m) $10.6m — ($11.5m) ($5.2m) ($11.8m) $22.0m —
Foreign Currency Transaction Gain (Loss), before Tax $52k ($3.6m) $846k $1.6m — $900k ($600k) ($1.3m) ($1.3m) —
Gain (Loss) on Sale of Derivatives — ($3.5m) — — — — — — — —
Goodwill $108.9m $383.1m $377.6m $443.5m — $468.5m $514.0m $498.9m $498.1m —
Inventory Write-down $159k — — — — — — — — —
Investment Income, Interest — — — — — — — — — —
Nonoperating Income (Expense) ($742k) ($243k) — — — — — — — —
(Gain) on sale of business — — — — — — $0 $0 — ($18.8m)
Stock-based compensation expense $4.0m $4.3m $5.2m — $5.8m $8.9m $11.6m $3.4m — $5.1m
Forward contract losses, net — $3.5m ($2.9m) — $5.5m ($4.7m) $300k $0 — $600k
Other, net $318k ($86k) $1.2m — $1.0m $55k $0 $3.2m — ($5.3m)
Accounts receivable ($11.1m) ($6.0m) $5.7m — $727k ($32.4m) $16.3m $7.3m — ($16.5m)
Inventories ($13.1m) ($11.7m) ($1.4m) — $570k ($52.5m) ($17.9m) $19.4m — ($2.7m)
Income taxes receivable $512k ($4.1m) ($2.5m) — $1.7m ($688k) $300k ($3.8m) — $300k
Other current assets $254k $565k ($4.0m) — ($1.9m) $729k ($5.5m) ($8.1m) — $4.2m
Other assets ($820k) ($1.3m) $1.8m — $4.0m $5.3m ($3.8m) $5.1m — $4.7m
Accounts payable $5.8m $5.9m ($10.8m) — $10.6m $23.8m ($5.2m) ($11.8m) — $22.0m
Accrued expenses and other liabilities $1.5m ($1.4m) $5.7m — $3.8m $8.1m ($5.8m) $5.7m — $2.1m
Income taxes payable $3.4m ($5.0m) $6.2m — ($5.1m) $5.7m ($1.6m) $10.7m — ($700k)
Other noncurrent liabilities $1.1m $1.1m ($2.1m) — ($3.3m) ($7.7m) $3.9m ($4.6m) — ($4.6m)
Contingent consideration payments in excess of acquisition date fair value — — ($10.7m) — $0 $0 ($2.7m) $0 — $0
Cash settlement of forward contracts — ($2.5m) $2.5m — ($3.5m) $2.4m $400k $0 — $0
Software development costs — — — — ($865k) ($2.5m) ($6.1m) ($3.4m) — ($3.6m)
Borrowings on revolving credit facilities — $282.5m $130.0m — $117.6m $81.2m $189.2m $41.6m — $57.6m
Repayment of borrowings on revolving credit facilities ($24.0m) ($142.8m) ($176.8m) — ($79.6m) ($86.8m) ($252.0m) ($88.7m) — ($114.3m)
Borrowings on long-term non-revolving debt — $101.4m — — $119.7m $12.0m $160.0m $126.8m — $0
Proceeds from stock issued $1.2m $241.3m $1.6m — $1.3m $1.8m $2.0m $2.2m — $1.8m
Purchase of treasury stock — — — — — — $0 $0 — ($13.6m)
Payment of employee tax withholding on equity award vestings — ($365k) — — ($700k) ($2.6m) ($2.2m) ($2.6m) — ($1.4m)
Payment of contingent consideration liability ($17.0m) ($17.3m) ($8.0m) — ($830k) ($328k) ($3.4m) $0 — $0
Proceeds received upon termination of Cash Flow hedge instruments — — — — — $0 $0 $7.1m — $0
Income taxes $17.5m $20.2m $11.4m — $11.3m $23.6m $26.4m $21.1m — $16.1m
Interest $3.7m $12.8m $14.3m — $11.6m $15.9m $29.5m $32.4m — $29.8m
Unrealized loss (gain) on interest rate swaps — ($2.3m) ($3.5m) — $1.9m ($6.0m) $4.4m ($500k) — $0
Stock issued for acquisition — $17.3m — — — $14.2m $18.7m $0 — $0
Foreign currency remeasurement impact on euro denominated debt — — — — $7.2m $5.9m ($2.4m) $4.1m — ($8.6m)
Gain (Loss) on Derivative Instruments, Net, Pretax — — $2.9m ($5.5m) — $4.0m ($300k) $0 ($600k) —
Net Cash Provided by (Used in) Operating Activities $49.4m $77.5m $90.5m $108.6m $108.6m $109.9m $83.9m $122.1m $127.3m $127.3m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $22.2m $28.4m $25.0m $14.6m ($14.6m) $31.9m $34.3m $27.0m $23.7m ($23.7m)
Payments to Acquire Businesses, Net of Cash Acquired $500k $534.7m — $217.0m — $67.3m $114.2m $0 $0 —
Business acquisitions, net of cash acquired ($500k) ($534.7m) — — ($217.0m) ($61.1m) ($114.2m) $0 — $0
Business Divestiture Proceeds — — — — — — $0 $0 — $47.3m
Net Cash Provided by (Used in) Investing Activities ($16.0m) ($565.5m) ($22.4m) ($235.9m) ($235.9m) ($90.8m) ($153.9m) ($30.3m) $20.3m $20.3m
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt — $101.4m — $119.7m — $0 $160.0m $126.8m $0 —
Repayments of Long-term Debt — $3.8m $5.5m $6.0m — $18.0m $21.5m $147.7m $38.2m —
Repayment of borrowings on long-term non-revolving debt — ($3.8m) ($5.5m) — ($6.0m) ($16.2m) ($21.5m) ($147.7m) — ($38.2m)
Proceeds from Issuance of Common Stock $1.2m $241.3m $1.6m $1.3m — $2.1m $2.0m $2.2m $1.8m —
Payments of Ordinary Dividends, Common Stock $10 $11 $12 $12 — $12 $12 $12 $12 —
Dividends Payable, Current $2 $3 $3 $3 — $3 $3 $3 $3 —
Dividends Payable — — — — — — — — — —
Dividends paid to shareholders ($10) ($11) ($12) — ($12) ($12) ($12) ($12) — ($12)
Proceeds from (Payments for) Other Financing Activities — — ($1.6m) ($1.2m) — ($2.7m) ($2.4m) ($5.2m) ($1.8m) —
Other financing activities — ($1.3m) ($1.6m) — ($1.2m) ($2.6m) ($2.4m) ($5.2m) — ($1.8m)
Net cash (used in) provided by financing activities ($50.0m) $447.3m ($71.7m) — $137.7m ($22.6m) $57.9m ($78.4m) — ($121.9m)
Net Cash Provided by (Used in) Financing Activities ($50.0m) $447.3m ($71.7m) $137.7m $137.7m ($6.9m) $57.9m ($78.4m) ($121.9m) ($121.9m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — $318k $2.3m ($7.3m) — $3.0m $800k ($1.7m) $3.2m —
Effect of exchange rate changes on cash, cash equivalents and restricted cash $6.3m $318k $2.3m — ($7.3m) $3.0m $800k ($1.7m) — $3.2m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $6.3m ($40.4m) ($1.4m) $3.1m ($7.3m) $15.2m ($11.3m) $11.7m $28.9m $3.2m
Net increase (decrease) in cash and cash equivalents ($10.3m) ($40.4m) ($1.4m) — $3.1m $3.3m ($11.3m) $11.7m — $28.9m
Cash, cash equivalents and restricted cash, beginning of period $63.9m $23.5m $22.2m — $25.3m $28.6m $32.4m $44.1m — $73.0m
Supplemental disclosure of cash flow information:
Income Taxes Paid, Net — — — — — — — — $16.1m $1.8m

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