← JELD-WEN Holding, 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 (Loss) Attributable to Parent | — | $10.8m | $144.3m | $63.0m | $91.6m | $168.8m | $45.7m | $62.4m | ($189.0m) | ($621.2m) | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | $329k | $144.4m | $63.0m | — | — | — | — | — | — | |
| Gain on sale of discontinued operations, net of tax | — | — | — | — | — | $0 | $0 | ($24.0m) | $0 | ($1.0m) | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | $329k | $144.4m | $63.0m | $91.6m | — | — | $25.2m | ($187.6m) | ($622.2m) | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | $7.2m | $143.5m | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | $0 | $0 | — | — | — | — | $21.5m | $0 | $0 | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | $0 | ($87k) | — | — | — | — | — | — | — | |
| Depreciation, Depletion and Amortization | $108.0m | $111.3m | $125.1m | $134.0m | $134.6m | $137.2m | $131.8m | $140.2m | $125.8m | $112.4m | |
| Amortization of Debt Issuance Costs | — | $9.4m | $2.1m | $2.0m | $2.7m | $3.2m | $3.1m | $2.6m | $2.4m | $2.4m | |
| Amortization of Intangible Assets | — | $15.9m | $22.2m | $31.0m | $28.5m | $33.1m | $32.7m | $36.5m | $33.4m | $22.7m | |
| Depreciation | $108.0m | $86.8m | $94.1m | $94.3m | $98.1m | $101.1m | $97.6m | $94.6m | $86.6m | $84.1m | |
| Amortization of deferred financing costs | $4.0m | $9.4m | $2.1m | $2.0m | $2.7m | $3.2m | $3.1m | $2.6m | $2.4m | $2.4m | |
| Amortization of U.S. pension expense | $12.3m | $12.7m | $9.3m | $8.9m | $6.9m | $9.1m | $1.8m | $480k | $0 | $0 | |
| Deferred Income Tax Expense (Benefit) | — | $96.8m | ($34.7m) | $21.8m | ($9.1m) | ($15.0m) | ($4.4m) | $23.6m | ($17.0m) | $136.9m | |
| Deferred income taxes | ($265.8m) | $96.8m | ($34.7m) | $21.8m | ($9.1m) | ($15.0m) | ($4.4m) | $31.7m | ($17.0m) | $136.9m | |
| Share-based Payment Arrangement, Noncash Expense | — | $19.8m | $15.1m | $13.3m | $16.4m | $20.2m | $16.2m | $18.4m | $15.5m | $15.0m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $25.3m | $9.5m | $1.5m | $933k | $1.6m | $2.8m | $1.6m | $1.4m | $738k | |
| Share-based Payment Arrangement, Expense | — | $19.8m | $15.1m | $13.3m | $16.4m | $20.2m | $16.2m | $17.5m | $15.5m | $15.0m | |
| Equity Method Investment, Other than Temporary Impairment | — | $0 | $0 | $0 | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | — | $0 | $0 | $0 | $0 | $0 | $54.9m | $0 | $94.8m | $334.6m | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | — | |
| Impairment of Intangible Assets, Finite-lived | — | $137k | $172k | $112k | — | — | — | — | — | — | |
| Restructuring Costs and Asset Impairment Charges | — | $13.1m | $17.3m | $21.6m | $10.5m | $3.0m | $18.2m | $35.7m | $68.1m | $44.5m | |
| Goodwill impairment | — | — | — | — | $0 | $0 | $54.9m | $0 | $94.8m | $334.6m | |
| Share-based compensation expense | $22.5m | $19.8m | $15.1m | $13.3m | $16.4m | $20.2m | $16.2m | $18.4m | $15.5m | $15.0m | |
| Payments to tax authorities for employee share-based compensation | ($982k) | ($25.3m) | ($9.5m) | ($1.5m) | ($933k) | ($1.6m) | ($2.8m) | ($1.6m) | ($1.4m) | ($738k) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $7.6m | $2.7m | $2.0m | $8.6m | $14.3m | $3.2m | $8.1m | $16.8m | $20.7m | $40.8m | |
| Gain (Loss) on Disposition of Assets | — | ($206k) | ($845k) | $1.4m | $4.1m | ($2.0m) | $8.0m | $10.5m | $13.8m | $36.3m | |
| Gain (Loss) on Disposition of Business | — | — | — | $2.8m | $4.1m | ($2.0m) | — | — | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | $7.6m | $299k | ($144k) | ($2.0m) | $4.2m | ($2.0m) | $8.1m | $10.5m | $13.8m | $37.1m | |
| Gain (Loss) on Extinguishment of Debt | — | ($23.3m) | $0 | $0 | — | ($1.3m) | $0 | ($6.5m) | ($1.9m) | ($237k) | |
| Income (Loss) from Equity Method Investments | — | $3.6m | $738k | $0 | $0 | — | — | — | — | — | |
| Income Tax Expense (Benefit) | — | $138.6m | ($8.0m) | $57.1m | $25.1m | $35.5m | $33.3m | $63.3m | $16.8m | $147.9m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $67.2m | $67.2m | |
| Other Nonoperating Income (Expense) | — | ($15.9m) | $13.0m | $1.4m | $2.8m | $14.5m | $54.9m | $25.7m | $24.8m | $9.1m | |
| Loss on extinguishment and refinancing of debt | — | — | — | $0 | $0 | $1.0m | $0 | $6.5m | $1.2m | $237k | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | — | ($660k) | ($16.8m) | ($8.4m) | ($10.8m) | $91.9m | $79.7m | ($10.9m) | ($102.3m) | ($46.7m) | |
| Increase (Decrease) in Inventories | — | $32.0m | $35.5m | ($4.2m) | ($9.8m) | $134.5m | $73.6m | ($119.6m) | ($9.4m) | ($33.5m) | |
| Increase (Decrease) in Accounts Payable | — | $0 | ($12.9m) | ($757k) | ($914k) | ($69k) | ($1.3m) | ($176k) | ($5k) | $0 | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | — | — | — | — | — | — | — | $24.0m | $0 | $1.0m | |
| Environmental Remediation Expense | — | — | — | — | $7.5m | $3.8m | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | ($10.4m) | $10.2m | $7.4m | ($11.9m) | $9.9m | $2.3m | $1.6m | ($553k) | ($2.9m) | |
| Foreign Currency Transaction Gain (Loss), Realized | — | $2.2m | ($8k) | ($3.4m) | ($12.9m) | $13.8m | ($14.5m) | ($595k) | $3.1m | — | |
| Gain (Loss) Related to Litigation Settlement | — | $2.5m | $7.5m | $1.2m | $0 | $0 | $10.5m | $0 | $0 | $3.8m | |
| Goodwill | — | $549.1m | $585.9m | $602.5m | $639.9m | $545.2m | $460.5m | $390.2m | $315.2m | $0 | |
| Pension Expense (Reversal of Expense), Noncash | — | $12.7m | $9.3m | $8.9m | $6.9m | $9.1m | $1.8m | $480k | $0 | $0 | |
| Proceeds from Contributions from Affiliates | — | $26k | $39k | $0 | $0 | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | — | $1.0m | $201k | $2.0m | $3.0m | $10.2m | $2.0m | $563k | $2.9m | $3k | |
| Restructuring Costs | — | $11.6m | $16.1m | — | — | — | — | — | — | — | |
| Unrealized Gain (Loss) on Derivatives | — | — | — | $3.1m | — | — | — | — | — | — | |
| Net (loss) income | $377.2m | $10.8m | $144.3m | $63.0m | $91.6m | $168.8m | $45.7m | $62.4m | ($189.0m) | ($621.2m) | |
| Adjustment to carrying value of assets | $5.2m | $1.5m | $1.2m | $6.6m | $5.5m | $2.1m | $2.4m | $7.9m | $22.7m | $5.3m | |
| Loss on foreign currency translation adjustment related to the substantial liquidation of a foreign subsidiary | — | — | — | — | — | — | $0 | $0 | $4.8m | $0 | |
| Recovery of cost from receipts on impaired notes | — | — | — | — | — | — | $14.0m | $3.5m | $1.4m | $0 | |
| Other items, net | ($5.3m) | ($8.2m) | $3.2m | ($3.3m) | $21.1m | $3.8m | $24.6m | ($7.4m) | ($5.3m) | $16.7m | |
| Accounts receivable | ($79.9m) | $660k | $16.8m | $8.4m | $10.8m | ($91.9m) | ($79.7m) | $10.9m | $102.3m | $46.7m | |
| Inventories | $14.7m | ($32.0m) | ($35.5m) | $4.2m | $9.8m | ($134.5m) | ($73.6m) | $119.6m | $9.4m | $33.5m | |
| Other assets | ($10.8m) | ($5.7m) | ($19.9m) | $6.9m | $5.5m | ($14.6m) | ($4.9m) | $11.6m | ($1.6m) | $8.0m | |
| Accounts payable and accrued expenses | $27.6m | $26.7m | $37.2m | $37.6m | $62.9m | $70.2m | ($58.6m) | ($21.5m) | ($32.5m) | ($49.1m) | |
| Change in short-term and long-term tax liabilities | ($1.0m) | $12.2m | ($19.7m) | $8.4m | $13.6m | $14.0m | ($7.0m) | ($92k) | ($12.2m) | ($8.9m) | |
| Purchase of intangible assets | ($5.5m) | ($3.5m) | ($21.3m) | ($34.7m) | ($19.2m) | ($16.1m) | ($9.0m) | ($12.6m) | ($11.8m) | ($16.2m) | |
| Cash (paid) received for notes receivable | $967k | $2.0m | $274k | $411k | $585k | $4.2m | $94k | $261k | $46k | ($61k) | |
| Cash received from insurance proceeds | — | — | — | — | — | $0 | $0 | $5.1m | $1.7m | $1.8m | |
| Purchase of securities for deferred compensation plan | — | — | — | — | — | $0 | ($728k) | ($1.1m) | ($3.4m) | ($919k) | |
| Payments related to the sale of JW Australia | — | — | — | — | — | $0 | $0 | ($744k) | ($2.6m) | ($812k) | |
| Derivative, Gain (Loss) on Derivative, Net | — | — | — | — | — | $4.1m | $17.9m | $1.2m | $400k | $1.9m | |
| Other Operating Income (Expense), Net | — | — | — | — | — | — | — | — | $0 | $0 | |
| Net Cash Provided by (Used in) Operating Activities | $201.7m | $265.8m | $219.7m | $302.7m | $355.7m | $175.7m | $30.3m | $345.2m | $106.2m | ($4.9m) | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | ($74.0m) | $59.6m | $97.4m | $101.5m | $77.7m | $83.6m | $83.2m | $98.3m | $161.9m | $119.8m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $131.4m | $167.7m | $57.8m | $0 | $0 | — | — | — | — | |
| Payments to Acquire Investments | — | — | — | — | — | — | $834k | $1.2m | $3.4m | $919k | |
| Proceeds related to the court-ordered divestiture of Towanda/Proceeds (payments) related to the sale of JW Australia | — | — | — | — | — | $0 | $0 | $365.6m | $0 | $110.7m | |
| Net Cash Provided by (Used in) Investing Activities | ($156.8m) | ($189.8m) | ($284.1m) | ($184.9m) | ($82.0m) | ($92.4m) | ($67.0m) | $279.2m | ($153.3m) | $16.3m | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | — | $1.2b | $38.8m | $124.4m | $250.0m | $548.6m | $0 | $0 | $350.0m | $0 | |
| Repayments of Long-term Debt | — | $1.6b | $72.4m | $113.9m | $135.2m | $666.5m | $767.2m | $684.8m | $400.6m | $32.4m | |
| Change in long-term debt and payments of debt extinguishment costs | — | — | — | — | — | ($86.1m) | $12.7m | ($561.3m) | ($55.2m) | ($31.5m) | |
| Common stock issued for exercise of options | $1.2m | $1.0m | $201k | $2.0m | $3.0m | $10.2m | $2.0m | $563k | $2.9m | $3k | |
| Payments for Repurchase of Common Stock | — | $0 | $125.0m | $20.0m | $5.0m | $323.7m | $132.0m | $0 | $24.3m | $0 | |
| Common stock repurchased | $0 | $0 | ($125.0m) | ($20.0m) | ($5.0m) | ($323.7m) | ($132.0m) | $0 | ($24.3m) | $0 | |
| Dividends paid | — | $0 | $0 | — | — | — | — | — | — | — | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | — | — | ($744k) | ($2.6m) | ($812k) | |
| Net Cash Provided by (Used in) Financing Activities | ($52.0m) | $64.1m | ($67.5m) | ($6.4m) | $207.9m | ($401.2m) | ($120.0m) | ($563.2m) | ($80.6m) | ($33.0m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $12.7m | ($6.6m) | $903k | $25.2m | ($21.8m) | ($19.3m) | $7.1m | ($10.3m) | $8.8m | |
| Effect of foreign currency exchange rates on cash | ($3.7m) | $12.7m | ($6.6m) | $903k | $25.2m | ($21.8m) | ($19.3m) | $7.1m | ($10.3m) | $8.8m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $152.8m | ($138.6m) | $112.3m | $506.7m | ($339.7m) | ($176.0m) | $68.3m | ($138.1m) | ($12.8m) | |
| Net (decrease) increase in cash and cash equivalents | ($10.8m) | $152.8m | ($138.6m) | $112.3m | $506.7m | ($339.7m) | ($176.0m) | $68.3m | ($138.1m) | ($12.8m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $256.2m | $117.6m | $229.9m | $736.6m | $396.9m | $220.9m | $289.1m | $151.0m | $138.2m | |
| Cash, cash equivalents and restricted cash, beginning | $103.5m | $256.2m | $117.6m | $229.9m | $736.6m | $396.9m | $220.9m | $289.1m | $151.0m | $138.2m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $66.1m | $68.9m | $71.2m | $71.7m | $75.0m | $80.6m | $74.7m | $72.5m | $71.5m | |
| Income Taxes Paid, Net | — | $22.5m | $46.3m | $26.7m | $20.4m | $36.5m | $44.7m | $48.1m | $46.0m | $19.9m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.