← KADANT 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 From Continuing Operations — — — — — $121.7m $116.8m $112.6m $103.7m —
Net Income (Loss) Attributable to Parent $31.1m $60.4m $52.1m $55.2m $55.7m $120.9m $116.1m $111.6m $102.0m $103.7m
Net income attributable to noncontrolling interests $491k $633k $496k — $543k $838k $737k $956k — $1.7m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $31.6m $61.0m $52.6m $55.7m — $121.7m $116.8m $112.6m — —
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $31.1m $60.4m — — — — — — — —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $31.6m $61.0m — — — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $0 $0 — — — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent $0 $0 — — — — — — — —
Net Income (Loss) Attributable to Noncontrolling Interest $491k $633k $496k $543k — $802k $737k $956k — —
Depreciation, Depletion and Amortization $19.4m $23.6m $32.4m $31.3m $31.3m $34.9m $33.3m $49.6m $22.9m $51.2m
Amortization of Intangible Assets $12.0m $14.2m $20.2m $19.1m — $20.5m $18.4m $29.0m — —
Depreciation $19.4m $23.6m $32.4m — $31.3m $34.3m $33.3m $20.5m $22.9m $51.2m
Depreciation Amortization Depletion — — — — — $34.9m $33.3m $49.6m $51.2m —
Deferred Income Tax Expense (Benefit) $578k ($4.2m) ($2.5m) $142k — $7.2m ($1.9m) $1.2m — —
Deferred income tax provision (benefit) $578k ($4.2m) ($2.5m) — $142k ($1.4m) ($1.9m) $1.2m — $2.4m
Deferred Income Tax — — — — — $7.2m ($1.9m) $1.2m $2.4m —
Deferred Tax — — — — — $7.2m ($1.9m) $1.2m $2.4m —
Share-based Payment Arrangement, Noncash Expense $5.8m $7.0m $6.8m $6.8m — $8.6m $9.8m $10.6m — —
Payment, Tax Withholding, Share-based Payment Arrangement $2.2m $3.9m $2.7m $2.6m — $4.6m $3.9m $5.9m — —
Gain (Loss) on Sale of Assets and Asset Impairment Charges — — — — — $18.9m ($723k) ($658k) — —
Goodwill, Impairment Loss $0 $0 $0 $0 — $29k — — — —
Impairment of Intangible Assets (Excluding Goodwill) — — $2.3m $1.9m — $731k $36k $0 — —
Impairment of Intangible Assets, Finite-lived — — — $1.9m — — — — — —
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) $0 $0 $0 — — — — — — —
Asset Impairment Charge — — — — $804k $731k $36k $0 — —
Gain (Loss) on Disposition of Assets — — — — — $20.2m $0 $0 — —
Gain (Loss) on Disposition of Business — — — — — — — ($658k) — —
Gain (Loss) on Disposition of Property Plant Equipment ($42k) ($110k) $79k $8k $145k $1.7m $1.6m $1.3m — $250k
Income Tax Expense (Benefit) $26.1m $18.5m $16.4m $17.9m — $43.9m $42.2m $40.5m — —
Interest Expense Nonoperating — — — — — — — $20.0m — —
Other Nonoperating Income (Expense) — — — — — — — ($658k) — —
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $10.9m $7.0m ($6.6m) ($7.1m) — $18.5m $1.7m $2.8m — —
Increase (Decrease) in Inventories ($1.2m) $6.6m $3.1m $89k — $36.1m ($14.1m) ($24.0m) — —
Increase (Decrease) in Accounts Payable ($522k) $5.4m $7.4m ($15.6m) — $1.4m ($19.9m) $10.6m — —
Foreign Currency Transaction Gain (Loss), Realized — — — ($377k) — ($2.7m) ($1.2m) ($1.7m) — —
Goodwill $268.0m $258.2m $336.0m $351.8m — $385.5m $392.1m $479.2m — —
Investment Income, Interest $447k $379k $213k $181k — $904k $1.8m $1.9m — —
Stock-based compensation expense $5.8m $7.0m $6.8m — $6.8m $8.5m $9.8m $10.6m — $11.2m
Provision for losses on accounts receivable $436k $355k $114k — $356k $5k $531k $721k — $737k
Other income (Note 8) — — — — — ($20.2m) ($841k) $0 — $0
Other non-cash costs (Note 8) $0 $0 $2.3m — $1.9m $804k $36k $0 — $287k
Other items, net $1.4m $1.3m ($2.1m) — ($677k) $6.3m $4.6m $7.2m — $8.0m
Accounts receivable ($10.9m) ($7.0m) $6.6m — $7.1m ($16.7m) ($1.7m) ($2.8m) — $13.5m
Contract assets $1.3m ($11.3m) $2.6m — $6.1m ($1.2m) $6.5m ($7.0m) — $12.2m
Inventories $1.2m ($6.6m) ($3.1m) — ($89k) ($11.2m) $14.1m $24.0m — ($12.9m)
Other assets $1.4m $2.7m ($7.6m) — ($833k) ($15.0m) $4.2m ($1.1m) — $2.0m
Accounts payable ($522k) $5.4m $7.4m — ($15.6m) $26.3m ($19.9m) $10.6m — ($7.2m)
Customer deposits — — ($5.7m) — $3.9m $27.7m ($9.0m) ($29.8m) — $9.3m
Other liabilities — — ($5.7m) — ($8.6m) $19.5m $9.2m ($21.2m) — ($23.2m)
Acquisitions, net of cash acquired (Note 2) ($204.7m) $0 ($177.8m) — ($7.1m) ($144.0m) ($905k) ($300.3m) — ($190.0m)
Proceeds from issuance of long-term obligations (Note 6) $232.0m $50.1m $247.2m — $26.0m $151.9m $0 $305.2m — $199.0m
Repayment of short- and long-term obligations ($67.7m) ($109.6m) ($126.3m) — ($99.5m) ($115.6m) ($94.0m) ($124.5m) — ($123.4m)
Tax withholding payments related to stock-based compensation ($2.2m) ($3.9m) ($2.7m) — ($2.6m) ($3.4m) ($3.9m) ($5.9m) — ($6.1m)
Beginning Cash Position — — — — — $94.2m $79.7m $106.5m $95.9m —
Cash Flow From Continuing Financing Activities — — — — — ($80.6m) ($111.1m) $159.9m $54.0m —
Cash Flow From Continuing Investing Activities — — — — — ($29.5m) ($30.8m) ($319.1m) ($205.4m) —
Change In Account Payable — — — — — $1.4m ($19.9m) $10.6m ($7.2m) —
Change In Inventory — — — — — ($36.1m) $14.1m $24.0m ($12.9m) —
Change In Other Current Assets — — — — — ($1.6m) $4.2m ($1.1m) $2.0m —
Change In Other Current Liabilities — — — — — ($11.0m) $9.2m ($21.2m) ($23.2m) —
Change In Other Working Capital — — — — — $14.4m ($9.0m) ($29.8m) $9.3m —
Change In Payable — — — — — $1.4m ($19.9m) $10.6m ($7.2m) —
Change In Payables And Accrued Expense — — — — — $1.4m ($19.9m) $10.6m ($7.2m) —
Change In Receivables — — — — — ($25.2m) $4.8m ($9.8m) $25.7m —
Change In Working Capital — — — — — ($58.1m) $3.3m ($27.3m) ($6.3m) —
Changes In Account Receivables — — — — — ($18.5m) ($1.7m) ($2.8m) $13.5m —
Changes In Cash — — — — — ($7.5m) $23.6m ($4.0m) $19.9m —
End Cash Position — — — — — $79.7m $106.5m $95.9m $122.7m —
Financing Cash Flow — — — — — ($80.6m) ($111.1m) $159.9m $54.0m —
Free Cash Flow — — — — — $74.4m $133.7m $134.3m $154.3m —
Gain Loss On Sale Of Business — — — — — $0 $0 $658k — —
Investing Cash Flow — — — — — ($29.5m) ($30.8m) ($319.1m) ($205.4m) —
Issuance Of Capital Stock — — — — — $1.4m $0 $1.6m $4.6m —
Net Business Purchase And Sale — — — — — ($3.5m) ($905k) ($300.3m) ($190.0m) —
Net PPE Purchase And Sale — — — — — ($26.1m) ($30.2m) ($19.7m) ($16.8m) —
Operating Gains Losses — — — — ($515k) ($20.2m) ($841k) $658k — —
Other Non Cash Items — — — — — $6.7m $3.8m $7.8m $8.3m —
Provisionand Write Offof Assets — — — — — $1.2m $531k $721k $737k —
Purchase Of Business — — — — — ($3.5m) ($905k) ($300.3m) ($190.0m) —
Purchase Of PPE — — — — — ($28.2m) ($31.9m) ($21.0m) ($17.0m) —
Sale Of PPE — — — — — $2.1m $1.6m $1.3m $250k —
Stock Based Compensation — — — — — $8.6m $9.8m $10.6m $11.2m —
Net Cash Provided by (Used in) Operating Activities $65.2m $63.0m $97.4m $92.9m $92.9m $102.6m $165.5m $155.3m $171.3m $171.3m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $17.3m $16.6m $10.0m $7.6m ($7.6m) $28.2m $31.9m $21.0m ($17.0m) ($17.0m)
Payments to Acquire Businesses, Net of Cash Acquired $204.7m $0 $177.8m $7.1m — $3.5m $905k $300.3m — —
Payments for (Proceeds from) Other Investing Activities — — — — — ($42k) ($328k) ($914k) — —
Other investing activities — — $0 — $0 $537k $328k $914k — $1.4m
Net Other Investing Changes — — — — — $42k $328k $914k $1.4m —
Net Cash Provided by (Used in) Investing Activities ($221.9m) ($16.4m) ($187.4m) ($14.5m) ($14.5m) ($29.5m) ($30.8m) ($319.1m) — ($205.4m)
Cash flows from financing activities:
Payment of debt issuance costs ($491k) ($452k) ($56k) — ($189k) $0 ($8k) $0 — ($2.6m)
Issuance Of Debt — — — — — $22.1m $0 $305.2m $199.0m —
Long Term Debt Issuance — — — — $151.9m $22.1m — — — —
Net Issuance Payments Of Debt — — — — — ($63.5m) ($94.0m) $180.7m $75.7m —
Net Long Term Debt Issuance — — — — $151.9m $22.1m — — — —
Net Short Term Debt Issuance — — — — — ($63.5m) ($94.0m) $180.7m $75.7m —
Short Term Debt Issuance — — — — — $22.1m $0 $305.2m $199.0m —
Repayment Of Debt — — — — — ($85.5m) ($94.0m) ($124.5m) ($123.4m) —
Short Term Debt Payments — — — — — ($85.5m) ($94.0m) ($124.5m) ($123.4m) —
Proceeds from Issuance of Common Stock $0 $813k $5.2m $3.2m — $1.4m $0 $1.6m — —
Proceeds from issuance of Company common stock $0 $813k $5.2m — $3.2m $1.9m $0 $1.6m — $4.6m
Common Stock Issuance — — — — — $1.4m $0 $1.6m $4.6m —
Net Common Stock Issuance — — — — — $1.4m $0 $1.6m $4.6m —
Payments for Repurchase of Common Stock $0 — — — — — — — — —
Payments of Ordinary Dividends, Common Stock $9 $10 $10 $11 — $12 $13 $15 — —
Acquisition of subsidiary shares from noncontrolling interest (Note 2) — — — — — $0 $0 ($523k) — $0
Dividends Payable $2 $2 $3 $3 — $3 $3 $4 — —
Dividends paid ($9) ($10) ($10) — ($11) ($11) ($13) ($15) — ($16)
Cash Dividends Paid — — — — — ($12.0m) ($13.2m) ($14.7m) ($15.8m) —
Common Stock Dividend Paid — — — — — ($12.0m) ($13.2m) ($14.7m) ($15.8m) —
Proceeds from (Payments for) Other Financing Activities ($491k) ($452k) — ($189k) — ($1.3m) ($8k) $0 — —
Net Other Financing Charges — — — — — ($6.5m) ($3.9m) ($7.8m) ($10.4m) —
Net Cash Provided by (Used in) Financing Activities $150.5m ($74.2m) $112.5m ($84.6m) ($84.6m) ($80.6m) ($111.1m) $159.9m — $54.0m
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — ($3.2m) ($350k) $4.6m — ($7.0m) $3.1m ($6.5m) — —
Exchange Rate Effect on Cash, Cash Equivalents, and Restricted Cash $9.5m ($3.2m) ($350k) — $4.6m ($3.2m) $3.1m ($6.5m) — $6.8m
Effect Of Exchange Rate Changes — — — — — ($7.0m) $3.1m ($6.5m) $6.8m —
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — $22.2m ($1.6m) — ($14.4m) $26.7m ($10.5m) — —
Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash $3.3m ($30.7m) $22.2m — ($1.6m) $27.5m $26.7m ($10.5m) — $26.7m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — $46.1m $68.3m $66.6m — $79.7m $106.5m $95.9m — —
Cash, Cash Equivalents, and Restricted Cash at Beginning of Year $76.8m $46.1m $68.3m — $66.6m $94.2m $106.5m $95.9m — $122.7m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — ($14.4m) $26.7m ($10.5m) $26.7m —
Interest Paid, Excluding Capitalized Interest, Operating Activities ($882k) ($465k) $12.3m $6.9m ($525k) $6.1m $8.1m $19.7m $14.9m ($1.7m)
Income Taxes Paid, Net $20.6m $25.7m $24.5m $17.5m — $37.0m $47.5m $42.3m $44.1m —

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