← LESAKA TECHNOLOGIES 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 $82.5m $73.0m $64.3m ($307.6m) ($78.4m) ($38.1m) ($43.9m) ($35.1m) ($17.4m) ($87.5m)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $84.8m $74.6m $63.5m ($305.3m) ($78.4m) ($38.1m) ($43.9m) ($35.1m) ($17.4m) ($87.6m)
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent — — — ($306.6m) ($97.2m) ($38.1m) ($43.9m) — — —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — ($308.0m) ($97.2m) ($38.1m) ($43.9m) ($35.1m) ($17.4m) ($87.6m)
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — $2.7m $6.4m $0 $0 — — —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent — — — ($1.0m) $18.9m $0 $0 — — —
Net Income (Loss) Attributable to Noncontrolling Interest $2.3m $1.7m ($880k) $2.3m $0 $0 — — — ($130k)
Depreciation, Depletion and Amortization $40.4m $41.4m $35.5m $37.3m $13.3m $4.3m $7.6m $23.7m $23.7m $33.7m
Amortization of Intangible Assets $11.2m $14.0m $11.8m $22.1m $3.8m $400k $3.8m $15.0m $14.4m $22.0m
Deferred Income Tax Expense (Benefit) ($161k) ($40k) $8.6m ($12.5m) $932k $6.7m ($2.0m) ($7.4m) ($2.7m) ($24.0m)
Deferred tax expense (benefit) ($235k) ($220k) ($1.3m) ($11.7m) ($393k) $5.1m ($2.3m) ($8.9m) ($2.7m) ($24.0m)
Share-based Payment Arrangement, Noncash Expense $3.6m $2.0m $2.6m $393k $1.7m $344k $3.0m $7.3m $7.9m $9.6m
Share-based Payment Arrangement, Expense $3.6m — — — — — — — — —
Equity Method Investment, Other than Temporary Impairment — — — — $33.8m — — — — —
Goodwill and Intangible Asset Impairment — — — $19.7m $6.3m $0 $0 $7.0m $0 $18.9m
Goodwill, Impairment Loss — — $20.9m $14.4m $5.6m $0 $0 $7.0m $0 $17.0m
Impairment of Intangible Assets, Finite-lived $0 $0 $0 $0 — — — — — —
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) — — — — $0 $0 $0 $0 $0 $0
Share-based Payment Arrangement, Expensed and Capitalized, Amount — $2.0m $2.6m $393k $1.7m $344k $3.0m $7.3m $7.9m $9.6m
Impairment loss (Note 10) — — $20.9m $19.7m $6.3m $0 $0 $7.0m $0 $18.9m
Impairment of Cedar Cellular note (Note 8) — — $0 $12.8m $0 $0 — — — —
Gain (Loss) on Disposition of Property Plant Equipment $286k $639k ($40k) $486k $127k ($480k) $2.8m $468k $305k ($13k)
Equity Method Investment, Realized Gain (Loss) on Disposal — — $4.6m $0 $0 $13k ($376k) ($205k) $0 ($161k)
Gain (Loss) on Disposition of Business — — $463k ($5.8m) $0 ($472k) — $0 — —
Income (Loss) from Equity Method Investments $639k $2.7m $11.7m $1.5m ($29.5m) ($24.9m) ($3.6m) ($5.1m) ($1.3m) $114k
Income Tax Expense (Benefit) $42.1m $42.5m $48.6m $3.7m $2.7m $7.6m $327k ($2.3m) $3.4m ($18.2m)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Inventories ($1.0m) ($3.0m) $2.5m ($4.0m) $19.3m ($1.3m) $4.8m ($2.2m) ($9.8m) ($169k)
Increase (Decrease) in Accounts Payable ($7.8m) ($6.5m) $10.6m ($14.5m) ($139k) ($335k) ($8.9m) $1.7m $22.1m ($13.4m)
Provision for Loan, Lease, and Other Losses — — — — — — — — $5.2m $8.0m
Proceeds from Stock Options Exercised — — — $0 $0 $53k $759k $481k $165k $116k
Deconsolidation, Gain (Loss), Amount — — — — $7.1m $0 $0 — — —
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal — — $0 ($5.8m) ($12.5m) $0 $0 — — —
Equity Securities, FV-NI, Gain (Loss) — — — — — — — — $0 $0
Equity Securities, FV-NI, Realized Gain (Loss) — — — — $0 $49.3m $0 $0 — ($59.8m)
Equity Securities, FV-NI, Unrealized Gain (Loss) — — — ($167.5m) $0 $49.3m $0 $0 — ($59.8m)
Foreign Currency Transaction Gain (Loss), before Tax — — — — — — $6.1m $6.1m $6.1m —
Foreign Currency Transaction Gain (Loss), Realized — — — — — — $3.7m $3.7m $3.7m —
Foreign Currency Transaction Gain (Loss), Unrealized — — — — — — $3.7m $0 $0 —
Gain (Loss) on Investments — — — ($167.5m) $0 — — — — —
Goodwill $179.5m $188.8m $283.2m $149.4m $24.2m $29.2m $162.7m $133.7m $138.6m $199.4m
Inventory Write-down — — — — $1.3m $0 — — — —
Payments of Financing Costs — $1.1m $754k $394k $148k $0 $1.3m $100k $0 $970k
Financing Receivable, Credit Loss, Expense (Reversal) — — — — — — — — ($250k) $0
Net loss $84.8m $74.6m $38.3m ($305.3m) ($78.4m) ($38.1m) ($43.9m) ($35.1m) ($17.4m) ($87.6m)
Movement in allowance for credit losses — — — — — — $1.6m $6.5m $5.2m $8.0m
Fair value adjustment related to financial liabilities — — $414k $73k ($340k) $840k ($466k) ($20k) ($853k) ($120k)
Change in fair value of equity securities (Note 6 and 9) — — ($32.5m) $167.5m $0 ($49.3m) $0 $0 $0 $59.8m
Stock-based compensation charge (Note 17) $3.6m $2.0m $2.6m $393k $1.7m $344k $3.0m $7.3m $7.9m $9.6m
Inventory net realizable value adjustment (Note 5) — — $0 $0 $1.3m $0 — — — —
Loss on disposal of equity-accounted investment (9) — — $4.6m $0 $0 $13k ($376k) ($205k) $0 $161k
(Earnings) Loss from equity-accounted investments (Note 9) — — ($8.8m) ($1.3m) $29.5m $24.9m $3.6m $5.1m $1.3m ($114k)
Movement in allowance for doubtful loans to equity-accounted investments — $4.4m $13.4m $32.8m $1.0m $4.7m $38k $0 ($250k) $0
(Gain) Loss on disposal — — ($463k) $5.8m $0 $472k $0 $0 — —
Gain on disposal of discontinued operation (Note 3) — — $0 $9.2m ($12.5m) $0 $0 — — —
Loss on deconsolidation of CPS — — $0 $0 ($7.1m) $0 $0 — — —
Interest payable $1.8m $20k ($146k) $237k $1.8m ($1k) $9k $5.1m $1.1m $4.7m
Facility fee amortized (Note 12) $138k $1.3m $589k $321k $0 $0 $251k $864k $443k $429k
Interest on Cedar Cellular note (Note 8) — — ($769k) ($2.4m) $0 — — — — —
Implementation costs to be refunded to SASSA (Note 12) — — $0 $34.0m $0 $0 — — — —
Decrease (Increase) in accounts receivable (Note 20) ($3.4m) ($15.8m) $31.4m $11.7m $8.8m $3.8m $9.1m ($1.7m) ($10.9m) $1.1m
Increase in finance loans receivable (Note 20) — — — — — ($2.8m) ($2.0m) ($12.4m) ($10.0m) ($34.6m)
Decrease in inventory $1.0m $3.0m ($2.5m) $4.0m ($19.3m) $1.3m ($4.8m) $2.2m $9.8m $169k
(Decrease) Increase in accounts payable and other payables ($7.8m) ($6.5m) $10.6m ($14.5m) ($139k) ($335k) ($8.9m) $1.7m $22.1m ($13.4m)
Deferred consideration due to seller of Recharger included in accounts payable and other payables (Note 3 and Note 13) — — — — — — — $0 $0 $13.6m
Increase (Decrease) in income taxes payable $763k ($354k) $1.1m $3.4m ($1.4m) ($17.2m) $1.1m ($800k) ($400k) $485k
Acquisition of intangible assets — — $0 ($1.4m) $0 $0 $0 ($419k) ($294k) ($3.9m)
Proceeds from disposal of equity securities (Note 6 and 9) — — — — — $0 $720k $0 $0 $16.4m
Acquisitions, net of cash acquired (Note 3) ($15.8m) ($4.7m) ($6.2m) $0 $0 $0 ($202.2m) $0 ($1.6m) ($12.9m)
Proceeds from disposal of equity-accounted investment (Note 9) — — — — $0 $18.6m $865k $656k $3.5m $0
Repayment of loans by equity-accounted investments — — $9.2m $1.0m $4.3m $134k $0 $112k $250k $0
Loans to equity-accounted investment (Note 9) — — — — — ($1.2m) $0 ($112k) $0 $0
Investment in equity-accounted investments (Note 9) — ($12.0m) ($133.3m) ($3.0m) ($2.5m) $0 $0 — — —
Net change in settlement assets $53.4m ($61.9m) $490.8m $79.1m ($9.3m) $7.9m ($4.2m) ($2.0m) ($7.2m) $4.3m
Proceeds from bank overdraft (Note 12) — $16.2m $44.9m $822.8m $689.8m $360.1m $570.9m $520.1m $183.0m $98.6m
Repayment of bank overdraft (Note 12) — — ($62.9m) ($741.0m) ($747.9m) ($365.4m) ($525.5m) ($547.3m) ($199.6m) ($90.3m)
Long-term borrowings utilized (Note 12) $2.1m $800k $113.2m $14.6m $14.8m $0 $78.9m $24.4m $23.7m $190.1m
Repayment of long-term borrowings (Note 12) ($8.7m) ($37.3m) ($77.1m) ($37.4m) ($14.5m) $0 ($5.6m) ($17.5m) ($20.1m) ($149.5m)
Non-refundable deal origination fees/guarantee fees (Note 12) — ($1.1m) ($754k) ($394k) ($148k) $0 ($1.3m) ($100k) $0 ($970k)
Acquisition of treasury stock ($26.6m) ($45.8m) — — — $0 $0 ($1.3m) ($1.5m) ($13.7m)
Proceeds from exercise of stock options — — — $0 $0 $53k $759k $481k $165k $116k
Net change in settlement obligations ($53.4m) $61.9m ($490.8m) ($79.1m) $9.3m ($7.9m) $4.1m $2.1m $7.2m ($4.2m)
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax — — $0 $9.2m $12.5m $0 $0 — — —
Net Cash Provided by (Used in) Operating Activities $116.6m $97.2m $132.3m ($4.5m) ($46.0m) ($58.4m) ($37.2m) $410k $28.8m ($9.1m)
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $35.8m $11.2m $9.6m $9.4m $5.9m $4.3m $4.6m $16.2m $12.7m $17.2m
Payments to Acquire Businesses, Net of Cash Acquired $15.8m $4.7m $6.2m — $0 — $202.2m $0 $1.6m $12.9m
Payments for (Proceeds from) Other Investing Activities $5k — $61k — $0 — — — — —
Net Cash Provided by (Used in) Investing Activities ($5.8m) ($114.1m) $180.7m $64.5m $223.1m $47.8m ($193.7m) ($16.5m) ($16.4m) ($11.3m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $2.1m $800k — — — — — — — —
Repayments of Long-term Debt — — — $37.4m $14.5m $0 $5.6m $17.5m $20.1m $149.5m
Proceeds from Issuance of Common Stock $111.4m $47.9m — — — — — — — —
Payments for Repurchase of Common Stock $26.6m $45.8m — — — — — $1.3m $1.5m $13.7m
Dividends received from equity-accounted investments — $1.2m $4.1m $1.3m $3.5m $194k $155k $42k $95k $96k
Net Cash Provided by (Used in) Financing Activities $13.6m $40.5m ($473.5m) ($24.7m) ($48.8m) ($13.1m) $122.3m ($19.1m) ($7.1m) $29.7m
Effect of exchange rate changes on cash ($18.4m) $11.3m ($8.0m) ($3.8m) ($17.3m) $15.0m ($10.3m) ($11.0m) $2.0m $1.5m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $106.1m $34.8m ($168.4m) $31.5m $111.0m ($8.7m) ($119.0m) ($46.2m) $7.3m $10.7m
Net increase (decrease) in cash, cash equivalents and restricted cash $106.1m $34.8m ($168.4m) $31.5m $111.0m ($8.7m) ($119.0m) ($46.2m) $7.3m $10.7m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $106.1m $34.8m $90.1m $121.5m $232.5m $223.8m $104.8m $58.6m $65.9m $76.6m
Cash, cash equivalents and restricted cash - beginning of period $223.6m $258.5m $90.1m $121.5m $232.5m $223.8m $104.8m $58.6m $65.9m $76.6m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities — $3.7m $8.6m $10.6m $6.0m $3.1m $5.8m $13.3m $17.4m $18.1m
Income Taxes Paid, Net $42.1m $45.2m $41.1m $13.1m $5.0m $16.6m $1.1m $7.2m $6.5m $6.5m

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