← INNOSPEC 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 — — — — — — $133.0m $139.1m $35.6m $116.6m
Net Income From Continuing Operations — — — — — — $133.0m $139.1m $35.6m $116.6m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $81.3m $61.8m $85.0m $112.2m $28.7m $93.1m $133.0m $139.1m $35.6m $116.6m
Net Income (Loss) Attributable to Noncontrolling Interest — ($100k) ($100k) $100k $100k $100k — $100k $2.4m —
Depreciation, Depletion and Amortization $38.1m $50.4m $49.6m $47.6m $46.0m $42.7m $40.1m $39.3m $43.5m $43.6m
Amortization of Debt Issuance Costs $400k $600k $700k $1.0m $400k $300k $400k $400k $400k $400k
Amortization of Intangible Assets $24.2m $28.3m $26.3m $23.0m $20.9m $16.0m $14.0m $10.6m $12.6m $11.6m
Depreciation $13.5m $21.4m $22.6m $23.6m $24.7m $26.3m $25.7m $27.9m $31.0m $32.1m
Depreciation Amortization Depletion — — — — — — $40.1m $39.3m $43.5m $43.6m
Deferred Income Tax Expense (Benefit) $1.0m ($6.8m) $5.5m ($800k) ($2.4m) $6.9m ($5.0m) $4.1m ($40.4m) ($9.0m)
Deferred Income Tax — — — — — — ($5.5m) $3.6m ($39.3m) ($10.2m)
Deferred Tax — — — — — — ($5.5m) $3.6m ($39.3m) ($10.2m)
Share-based Payment Arrangement, Noncash Expense $3.3m $4.1m $4.9m $6.6m $5.8m $4.4m $6.7m $8.0m $8.5m $8.1m
Goodwill, Impairment Loss — — — — $0 $0 — — — —
Impairment of Intangible Assets, Finite-lived — — $0 $0 $19.8m $0 $0 $0 $0 $19.1m
Asset Impairment Charge — — — — — — $0 $0 $0 $42.0m
Gain (Loss) on Disposition of Assets — — — — — $1.8m $0 $0 $200k —
Gain (Loss) on Disposition of Property Plant Equipment — — — $0 $0 $2.9m $200k $0 $200k $200k
Income Tax Expense (Benefit) $21.8m $66.3m $46.6m $38.2m $11.0m $41.3m $51.6m $35.3m $5.6m $21.5m
Other Nonoperating Income (Expense) $900k $6.6m $5.0m $5.3m $7.8m $3.8m ($1.6m) $10.5m $9.6m ($600k)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Inventories ($7.7m) $30.8m $42.2m ($2.4m) ($25.5m) $62.0m $98.5m ($83.0m) $11.8m $6.6m
Asset Acquisition Contingent Consideration Liability — — — — — — — $23.4m $20.1m $1.3m
Environmental Remediation Expense — — — — $7.5m $0 $0 — — —
Foreign Currency Transaction Gain (Loss), before Tax — ($1.8m) $0 $0 — — — — — —
Goodwill $374.8m $361.8m $364.9m $363.0m $371.2m $364.3m $358.8m $399.3m $382.5m $399.0m
Operating Expenses $226.9m $273.6m $301.5m $316.3m $309.0m $302.8m $399.4m $429.5m $365.0m $362.9m
Unrealized Gain (Loss) on Derivatives — $900k $300k — — — — — — —
Beginning Cash Position — — — — — — $141.8m $147.1m $203.7m $289.2m
Cash Flow From Continuing Financing Activities — — — — — — ($33.7m) ($39.0m) ($35.3m) ($63.9m)
Cash Flow From Continuing Investing Activities — — — — — — ($42.1m) ($111.8m) ($62.0m) ($75.1m)
Change In Account Payable — — — — — — $54.2m ($26.9m) ($4.5m) ($32.8m)
Change In Income Tax Payable — — — — — — $9.4m ($25.9m) $6.3m ($21.8m)
Change In Inventory — — — — — — ($98.5m) $83.0m ($11.8m) ($6.6m)
Change In Other Working Capital — — — — — — ($4.3m) $7.2m ($10.4m) ($10.6m)
Change In Payable — — — — — — $63.6m ($52.8m) $1.8m ($54.6m)
Change In Payables And Accrued Expense — — — — — — $63.6m ($52.8m) $1.8m ($54.6m)
Change In Prepaid Assets — — — — — — $4.6m ($4.2m) ($2.8m) $1.8m
Change In Receivables — — — — — — ($55.5m) ($12.6m) $4.3m $21.6m
Change In Tax Payable — — — — — — $9.4m ($25.9m) $6.3m ($21.8m)
Change In Working Capital — — — — — — ($90.1m) $20.6m ($18.9m) ($48.4m)
Changes In Cash — — — — — — $5.9m $56.5m $87.2m ($700k)
End Cash Position — — — — — — $147.1m $203.7m $289.2m $292.5m
Financing Cash Flow — — — — — — ($33.7m) ($39.0m) ($35.3m) ($63.9m)
Free Cash Flow — — — — — — $39.4m $130.1m $122.2m $62.8m
Gain Loss On Sale Of PPE — — — — — — $0 $0 ($200k) ($200k)
Investing Cash Flow — — — — — — ($42.1m) ($111.8m) ($62.0m) ($75.1m)
Issuance Of Capital Stock — — — — — — $2.2m $900k $2.1m $500k
Net Business Purchase And Sale — — — — — — $0 ($34.7m) ($200k) ($700k)
Net Intangibles Purchase And Sale — — — — — — ($2.7m) ($15.1m) ($20.9m) ($25.2m)
Net PPE Purchase And Sale — — — — — — $200k $100k $500k $1.1m
Operating Gains Losses — — — — — — ($2.5m) ($3.3m) $151.7m $2.5m
Other Non Cash Items — — — — — — — — $3.4m ($15.9m)
Pension And Employee Benefit Expense — — — — — — ($2.5m) ($3.3m) $151.9m $2.7m
Purchase Of Business — — — — — — $0 ($34.7m) ($200k) ($700k)
Purchase Of Intangibles — — — — — — ($2.7m) ($15.1m) ($20.9m) ($25.2m)
Repurchase Of Capital Stock — — — — — — ($5.9m) ($1.1m) ($700k) ($23.9m)
Sale Of Business — — — — — $0 $0 — — —
Sale Of PPE — — — — — — $200k $100k $500k $1.1m
Stock Based Compensation — — — — — — $6.7m $8.0m $8.5m $8.1m
Net Cash Provided by (Used in) Operating Activities $104.5m $82.7m $104.9m $161.6m $145.9m $93.2m $81.7m $207.3m $184.5m $138.3m
Cash flows from investing activities:
Capital Expenditure — — — — — — ($42.3m) ($77.2m) ($62.3m) ($75.5m)
Capital Expenditure Reported — — — — — — ($39.6m) ($62.1m) ($41.4m) ($50.3m)
Payments to Acquire Businesses, Net of Cash Acquired $197.4m ($2.6m) $5.4m $0 $0 — — $34.7m $200k $700k
Net Cash Provided by (Used in) Investing Activities ($209.1m) ($29.6m) ($35.5m) ($31.0m) ($29.7m) ($36.2m) ($42.1m) ($111.8m) ($62.0m) ($75.1m)
Cash flows from financing activities:
Issuance Of Debt — — — — — $0 $0 $0 — —
Net Issuance Payments Of Debt — — — — — — ($100k) ($2.3m) $0 $0
Net Long Term Debt Issuance — — — — — — ($100k) ($2.3m) $0 $0
Net Short Term Debt Issuance — — — — — $0 $0 $0 — —
Short Term Debt Issuance — — — — — $0 $0 $0 — —
Long Term Debt Payments — — — — — — ($100k) ($2.3m) $0 $0
Repayment Of Debt — — — — — — ($100k) ($2.3m) $0 $0
Short Term Debt Payments — — — — — $0 $0 $0 — —
Common Stock Issuance — — — — — — $2.2m $900k $2.1m $500k
Net Common Stock Issuance — — — — — — ($3.7m) ($200k) $1.4m ($23.4m)
Payments for Repurchase of Common Stock $8.4m $1.1m $1.4m $2.4m $2.1m $800k $5.9m $1.1m $700k $23.9m
Common Stock Payments — — — — — — ($5.9m) ($1.1m) ($700k) ($23.9m)
Proceeds from Noncontrolling Interests $0 $0 — — $100k $100k $1.8m $0 $2.4m $1.9m
Dividends paid $15.9m $18.6m $21.7m $25.0m $25.6m $28.8m $31.7m $35.1m $38.8m $42.4m
Cash Dividends Paid — — — — — — ($31.7m) ($35.1m) ($38.8m) ($42.4m)
Common Stock Dividend Paid — — — — — ($28.8m) ($31.7m) — — —
Net Other Financing Charges — — — — — — $1.8m ($1.4m) $2.1m $1.9m
Net Cash Provided by (Used in) Financing Activities $70.5m ($66.4m) ($36.2m) ($177.9m) ($86.8m) ($20.0m) ($33.7m) ($39.0m) ($35.3m) ($63.9m)
Effect Of Exchange Rate Changes — — — — — — ($600k) $100k ($1.7m) $4.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($900k) $1.6m $32.9m ($47.4m) $29.6m $36.5m $5.3m $56.6m $85.5m $3.3m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — $5.3m $56.6m $85.5m $3.3m
Income Taxes Paid, Net — — — — — — — — — $51.0m

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