← INSTEEL INDUSTRIES 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 From Continuing Operations — — — — — — $125.0m $32.4m $19.3m $41.0m
Net Income (Loss) Attributable to Parent $37.2m $22.5m $36.3m $5.6m $19.0m $66.6m $125.0m $32.4m $19.3m $41.0m
Depreciation, Depletion and Amortization $11.5m $11.6m $12.8m $13.6m $14.3m $14.5m $14.5m $13.3m $15.4m $18.4m
Amortization of Debt Issuance Costs $65k $65k $65k $65k $66k $65k $65k $57k $50k $50k
Amortization of Intangible Assets $1.2m $1.2m $1.3m $1.1m $1.0m $899k $821k $757k $749k $1.9m
Depreciation $10.4m $10.5m $11.6m $12.5m $13.2m $13.6m $13.7m $12.5m $14.7m $16.5m
Depreciation Amortization Depletion — — — — — — $14.5m $13.3m $15.4m $18.4m
Deferred Income Tax Expense (Benefit) $536k $2.5m ($2.8m) $1.8m ($424k) ($118k) $327k $238k $4.2m ($748k)
Deferred Income Tax — — — — — — $327k $238k $4.2m ($748k)
Deferred Tax — — — — — — $327k $238k $4.2m ($748k)
Share-based Payment Arrangement, Noncash Expense $2.4m $2.2m $2.1m $2.1m $2.0m $2.0m $2.4m $2.4m $3.1m $3.5m
Payment, Tax Withholding, Share-based Payment Arrangement $1.9m $824k $942k $239k $230k $665k $483k $432k $352k $425k
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $0 $0 — $0 $0
Asset Impairment Charge — — — — — $1.4m $0 $0 — $1.0m
Gain (Loss) on Disposition of Property Plant Equipment ($61k) ($64k) ($381k) $1.7m $1.1m ($125k) $480k $3.3m ($99k) ($127k)
Income Tax Expense (Benefit) $19.0m $11.6m $6.4m $1.9m $5.2m $19.5m $36.7m $9.3m $6.0m $12.8m
Operating Lease, Expense — — — — $1.3m $1.4m $1.4m $1.3m $1.3m $1.9m
Other Nonoperating Income (Expense) ($183k) ($53k) ($274k) $1.8m $1.3m ($114k) ($88k) $3.4m ($37k) ($17k)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $607k ($7.1m) $11.2m ($7.3m) $5.8m $14.1m $13.7m ($18.2m) ($5.1m) $20.4m
Increase (Decrease) in Inventories $5.2m $10.7m $12.3m ($23.3m) ($5.1m) $10.1m $118.6m ($94.3m) ($14.5m) $36.5m
Goodwill $7.0m $7.0m $8.3m $8.3m $9.7m $9.7m $9.7m $9.7m $9.7m $37.8m
Investment Income, Interest $166k $248k $515k $293k $473k $21k $326k $3.7m $5.4m $2.1m
Payments of Financing Costs $11k — — $263k $0 $0 — $177k $0 $0
Proceeds from Stock Options Exercised $5.1m $107k $2.1m — $0 $1.1m $1.6m $239k $428k $62k
Beginning Cash Position — — — — — — $89.9m $48.3m $125.7m $111.5m
Cash Flow From Continuing Financing Activities — — — — — — ($41.2m) ($44.0m) ($52.7m) ($24.4m)
Cash Flow From Continuing Investing Activities — — — — — — ($6.0m) ($20.9m) ($19.6m) ($75.7m)
Change In Inventory — — — — — — ($118.6m) $94.3m $14.5m ($36.5m)
Change In Other Working Capital — — — — — — ($1.5m) $1.9m ($1.3m) $1.9m
Change In Payables And Accrued Expense — — — — — — ($2.0m) ($16.9m) ($639k) $19.3m
Change In Receivables — — — — — — ($13.7m) $18.2m $5.1m ($20.4m)
Change In Working Capital — — — — — — ($135.8m) $97.6m $17.6m ($35.7m)
Changes In Account Receivables — — — — — — ($13.7m) $18.2m $5.1m ($20.4m)
Changes In Cash — — — — — — ($41.6m) $77.4m ($14.1m) ($72.9m)
End Cash Position — — — — — — $48.3m $125.7m $111.5m $38.6m
Financing Cash Flow — — — — — — ($41.2m) ($44.0m) ($52.7m) ($24.4m)
Free Cash Flow — — — — — — ($10.2m) $111.5m $39.1m $18.9m
Gain Loss On Sale Of PPE — — — — — — ($480k) ($3.3m) $99k $127k
Investing Cash Flow — — — — — — ($6.0m) ($20.9m) ($19.6m) ($75.7m)
Net Business Purchase And Sale — — — — — $0 $0 — — ($72.1m)
Net PPE Purchase And Sale — — — — — — $0 $9.9m $4k $107k
Operating Gains Losses — — — — — — ($480k) ($3.3m) $99k $127k
Other Non Cash Items — — — — — — ($299k) ($474k) ($1.5m) ($402k)
Proceeds From Stock Option Exercised — — — — — — $1.6m $239k $428k $62k
Purchase Of Business — — — — — $0 $0 — — ($72.1m)
Repurchase Of Capital Stock — — — — — — ($1.2m) ($2.3m) ($1.8m) ($2.3m)
Sale Of PPE — — — — — — $0 $9.9m $4k $107k
Stock Based Compensation — — — — — — $2.4m $2.4m $3.1m $3.5m
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement ($2.5m) — — — — — — — — —
Net Cash Provided by (Used in) Operating Activities $54.5m $20.3m $54.0m $6.6m $56.2m $69.9m $5.7m $142.2m $58.2m $27.2m
Cash flows from investing activities:
Capital Expenditure — — — — — — ($15.9m) ($30.7m) ($19.1m) ($8.2m)
Capital Expenditure Reported $13.0m $20.6m $18.4m $10.5m $7.1m $17.5m ($15.9m) ($30.7m) ($19.1m) ($8.2m)
Net Other Investing Changes — — — — — — $9.9m ($118k) ($492k) $4.5m
Net Cash Provided by (Used in) Investing Activities ($13.0m) ($20.9m) ($21.9m) ($9.6m) ($23.2m) ($17.8m) ($6.0m) ($20.9m) ($19.6m) ($75.7m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $328k $404k $372k $44.3m $322k $297k $266k $323k $298k $291k
Issuance Of Debt — — — — — — $266k $323k $298k $291k
Long Term Debt Issuance — — — — — — $266k $323k $298k $291k
Net Issuance Payments Of Debt — — — — — — $0 $0 $0 $0
Net Long Term Debt Issuance — — — — — — $0 $0 $0 $0
Repayments of Long-term Debt $328k $404k $372k $44.3m $322k $297k $266k $323k $298k $291k
Long Term Debt Payments — — — — — — ($266k) ($323k) ($298k) ($291k)
Repayment Of Debt — — — — — — ($266k) ($323k) ($298k) ($291k)
Net Common Stock Issuance — — — — — — ($1.2m) ($2.3m) ($1.8m) ($2.3m)
Payments for Repurchase of Common Stock — — — — — — $1.2m $2.3m $1.8m $2.3m
Payments of Ordinary Dividends, Common Stock $20.9m $26.0m $21.3m $2.3m $2.3m $31.3m $41.2m $41.3m $50.9m $21.8m
Common Stock Payments — — — — — — ($1.2m) ($2.3m) ($1.8m) ($2.3m)
Cash Dividends Paid — — — — — — ($41.2m) ($41.3m) ($50.9m) ($21.8m)
Common Stock Dividend Paid — — — — — — ($41.2m) ($41.3m) ($50.9m) ($21.8m)
Net Other Financing Charges — — — — — — ($483k) ($609k) ($352k) ($425k)
Net Cash Provided by (Used in) Financing Activities ($15.9m) ($26.2m) ($20.2m) ($2.8m) ($2.5m) ($30.9m) ($41.2m) ($44.0m) ($52.7m) ($24.4m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — — $30.5m $21.2m ($41.6m) $77.4m ($14.1m) ($72.9m)
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($41.6m) $77.4m ($14.1m) ($72.9m)
Interest Paid, Excluding Capitalized Interest, Operating Activities — — — $49k $0 $0 — — — —
Income Taxes Paid, Net — $9.3m $7.8m $1.7m $1.9m $16.8m $41.5m $7.8m $3.3m $10.8m

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