HOOKER FURNISHINGS 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 $25.3m $28.2m $39.9m $17.1m ($10.4m) $11.7m ($4.3m) $9.9m ($12.5m) ($27.0m)
Net Income (Loss) Available to Common Stockholders, Basic $25.2m $28.2m $39.8m $17.0m ($10.5m) $11.6m ($4.4m) $9.6m ($12.7m) ($12.9m)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest ($27.1m)
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent ($12.8m)
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest ($2.5m) ($6.3m) ($14.2m)
Depreciation, Depletion and Amortization $8.0m $6.6m $7.4m $7.1m $6.8m $7.8m $8.8m $9.0m $9.2m $7.1m
Amortization of Intangible Assets $3.1m $2.1m $2.4m $2.4m $2.4m $2.4m $3.5m $3.7m $3.7m $2.5m
Capitalized Computer Software, Amortization $973k $1.2m $1.2m $1.1m $1.1m $1.1m $875k $400k $51k $21k
Depreciation $8.0m $6.6m $5.0m $4.7m $4.4m $5.4m $5.3m $4.9m $4.4m $2.7m
Deferred Income Tax Expense (Benefit) ($2.1m) $4.0m ($1.2m) $1.9m ($11.3m) $2.3m ($3.2m) $2.5m ($4.0m) ($4.3m)
Share-based Payment Arrangement, Noncash Expense $1.2m $1.2m $1.3m $1.3m $1.7m ($28k) $1.2m $1.7m $950k $887k
Goodwill and Intangible Asset Impairment $44.3m $0 $0
Goodwill, Impairment Loss $39.6m $0 $0 $15.6m
Impairment of Intangible Assets (Excluding Goodwill) $4.8m $0 $13k $0 $2.8m $15.6m
Gain (Loss) on Disposition of Assets $72k ($571k) $73k $271k $0 $18k ($94k) ($35k) $0 ($27k)
Income Tax Expense (Benefit) $13.9m $17.5m $11.7m $4.8m ($4.1m) $3.4m ($1.8m) $2.6m ($3.9m) ($4.3m)
Other Nonoperating Income (Expense) $930k $1.5m $369k $458k $336k $373k $416k $1.7m $2.9m $196k
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $21.5m ($4.2m) $18.0m ($25.3m) $323k ($9.5m) ($16.8m) ($11.6m) $10.2m ($8.1m)
Increase (Decrease) in Inventories ($6.0m) $6.8m $21.3m ($12.4m) ($22.7m) $4.9m $47.8m ($34.8m) $9.6m ($17.5m)
Increase (Decrease) in Accounts Payable $4.7m ($4.6m) $8.1m ($15.3m) $6.7m ($1.3m) ($15.8m) $190k $3.4m ($5.8m)
Goodwill $23.2m $40.1m $40.1m $40.1m $490k $490k $15.0m $15.0m $15.0m $575k
Inventory Write-down $28.8m $1.8m $622k
Restructuring Costs $4.9m
Revenue from Contract with Customer, Including Assessed Tax $620.6m $683.5m $610.8m $540.1m $593.6m $583.1m $433.2m $397.5m $278.1m
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement ($520k) $0 $0
Net Cash Provided by (Used in) Operating Activities $31.2m $27.7m $9.7m $41.4m $68.3m $19.2m ($21.7m) $55.5m ($23.0m) $18.3m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $2.5m $3.2m $5.2m $5.1m $1.2m $6.7m $4.2m $6.8m $3.2m $3.2m
Payments to Acquire Businesses, Net of Cash Acquired $86.1m $32.8m $0 $0 $25.3m $2.4m $0 $0
Net Cash Provided by (Used in) Investing Activities ($88.1m) ($36.5m) ($4.5m) ($4.3m) ($476k) ($6.9m) ($30.0m) ($8.6m) ($2.7m) $2.0m
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $60.0m $12.0m $0 $0 $25.0m $0
Repayments of Long-term Debt $12.3m $6.3m $17.9m $5.4m $30.1m $0 $700k $1.4m $22.9m $123.1m
Payments for Repurchase of Common Stock $13.3m $11.7m $0 $0
Payments of Ordinary Dividends, Common Stock $4.9m $5.8m $6.7m $7.2m $7.8m $8.8m $9.6m $9.7m $9.9m $8.8m
Net Cash Provided by (Used in) Financing Activities $42.7m ($140k) ($24.6m) ($12.6m) ($38.0m) ($8.8m) $1.3m ($22.8m) ($11.1m) ($27.4m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $69.4m $19.0m $43.2m $6.3m $1.1m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $848k $1.1m $1.3m $993k $444k $0 $642k $1.4m $1.3m $691k
Income Taxes Paid, Net $12.2m $14.1m $13.6m $6.8m $5.9m $5.9m $101k $23k ($2.3m) ($445k)