← Stride, 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 | $9.0m | $451k | $27.6m | $37.2m | $24.5m | $71.5m | $107.1m | $126.9m | $204.2m | $287.9m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $8.6m | ($459k) | $27.4m | $37.2m | $24.5m | $71.5m | $107.1m | $126.9m | $204.2m | $287.9m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | ($484k) | ($910k) | ($200k) | — | — | — | — | — | — | — | |
| Depreciation, Depletion and Amortization | $68.2m | $74.3m | $75.3m | $71.4m | $72.1m | $90.1m | $97.9m | $110.4m | $109.7m | $114.7m | |
| Amortization of Debt Issuance Costs | — | — | — | — | — | — | — | — | $1.6m | $1.6m | |
| Amortization of Debt Issuance Costs and Discounts | — | — | — | — | — | $12.6m | $1.6m | $1.6m | — | — | |
| Amortization of Intangible Assets | $2.7m | $2.9m | $3.0m | $3.0m | $6.1m | $11.6m | $13.0m | $15.2m | $12.9m | $9.9m | |
| Deferred Income Tax Expense (Benefit) | ($3.8m) | ($7.1m) | ($4.0m) | $3.7m | ($1.3m) | $2.5m | $1.2m | ($10.4m) | $2.9m | ($17.8m) | |
| Share-based Payment Arrangement, Noncash Expense | $18.6m | $22.6m | $20.8m | $16.7m | $23.6m | $39.3m | $18.6m | $20.3m | $31.5m | $36.8m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | $10.9m | — | — | — | — | |
| Goodwill, Impairment Loss | $0 | — | — | — | $0 | $0 | — | — | — | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | $0 | — | — | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | — | — | — | — | — | $32.2m | |
| Operating Lease, Impairment Loss | — | — | — | — | — | — | — | — | — | $27.3m | |
| Income (Loss) from Equity Method Investments | — | — | — | ($632k) | ($380k) | $684k | $144k | ($334k) | $977k | ($2.3m) | |
| Income Tax Expense (Benefit) | $4.7m | $5.4m | ($910k) | $10.5m | $8.5m | $24.5m | $40.1m | $45.3m | $64.5m | $93.0m | |
| Other Nonoperating Income (Expense) | — | — | — | $114k | $272k | $2.8m | ($1.3m) | $15.5m | $26.9m | $33.6m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | ($14.5m) | $27.7m | ($12.0m) | $21.6m | $37.8m | $143.1m | $57.5m | $54.9m | $32.1m | $102.2m | |
| Increase (Decrease) in Inventories | $1.8m | $348k | — | — | — | — | — | — | — | — | |
| Increase (Decrease) in Accounts Payable | ($3.9m) | $5.3m | ($2.3m) | $20.2m | ($6.2m) | $18.9m | $11k | ($12.0m) | ($6.8m) | $310k | |
| Accretion Expense | — | — | $108k | $64k | — | — | — | — | — | — | |
| Equipment Expense | — | — | $3.4m | $4.1m | $3.8m | $8.4m | $8.6m | $3.1m | $4.0m | $3.8m | |
| Goodwill | $87.3m | $87.2m | $90.2m | $90.2m | $174.9m | $240.4m | $241.0m | $246.7m | $246.7m | $246.7m | |
| Inventory Write-down | $691k | $475k | — | — | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | $14k | $7.0m | $196k | $3.0m | $64k | $748k | $414k | $20k | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | — | $1.0b | $1.0b | $1.5b | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $121.8m | $88.7m | $103.6m | $141.6m | $80.4m | $134.2m | $206.9m | $203.2m | $278.8m | $432.8m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $5.0m | $2.2m | $8.7m | $5.5m | $1.7m | $3.6m | $9.7m | $4.3m | $2.3m | $1.8m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $7.3m | $13.1m | $4.4m | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($82.9m) | ($57.2m) | ($50.5m) | ($61.1m) | ($217.4m) | ($165.4m) | ($110.8m) | ($118.2m) | ($139.9m) | ($88.0m) | |
| Cash flows from financing activities: | |||||||||||
| Payments for Repurchase of Common Stock | — | — | $27.5m | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | ($20.8m) | ($14.6m) | ($50.9m) | ($29.0m) | $65.6m | $204.6m | ($93.3m) | ($63.5m) | ($49.1m) | ($62.9m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $214.0m | $230.9m | $2.2m | $51.5m | ($71.3m) | $173.3m | $2.8m | $21.4m | $89.8m | $281.9m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $18.1m | $16.9m | $233.1m | $284.6m | $213.3m | $386.6m | $389.4m | $410.8m | $500.6m | $782.5m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | — | — | $6.6m | $6.9m | $7.5m | $9.1m | |
| Income Taxes Paid, Net | $1.1m | $8.1m | $12.2m | $4.5m | $3.4m | $18.7m | $36.0m | $37.1m | $85.2m | $67.9m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.