← Lifeway Foods, 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 $3.5m ($346k) ($3.1m) $453k $3.2m $3.3m $924k $11.4m $9.0m $13.9m
Depreciation, Depletion and Amortization $3.0m $3.1m $3.5m $3.3m $3.2m $2.9m $3.0m $3.2m $3.4m $4.0m
Amortization of Intangible Assets $697k $672k $631k $192k $152k $122k $540k $540k $540k $540k
Deferred Income Tax Expense (Benefit) $531k $292k $461k ($533k) ($841k) $257k ($172k) ($28k) $61k ($270k)
Share-based Payment Arrangement, Noncash Expense $326k $596k $802k $838k $393k $1.1m $1.1m $1.5m $2.4m $1.9m
Share-based Payment Arrangement, Expense — — — — — — — — — $1.9m
Goodwill and Intangible Asset Impairment — — — $0 — — — — — —
Goodwill, Impairment Loss — — $1.2m $0 — — — $0 $0 $0
Gain (Loss) on Disposition of Property Plant Equipment ($284k) ($38k) $54k $189k ($28k) ($88k) ($241k) $34k ($8k) $115k
Income Tax Expense (Benefit) $2.2m ($458k) ($225k) $782k $1.6m $2.3m $917k $5.3m $4.9m $5.8m
Interest Expense Nonoperating — — — — — — — — $105k $77k
Operating Lease, Expense — — — $688k $440k $304k $229k $138k $148k $209k
Other Nonoperating Income (Expense) ($448k) ($278k) $16k $84k $47k ($62k) $0 $4k $230k $279k
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable ($292k) ($780k) ($2.4m) $423k $1.3m $1.9m $1.5m $2.5m $1.6m $1.2m
Increase (Decrease) in Inventories $579k $29k ($1.3m) $523k $538k $1.4m $1.3m ($527k) ($426k) $3.2m
Increase (Decrease) in Accounts Payable ($2.7m) $1.1m ($2.3m) $710k $311k $1.0m $1.9m $1.9m $156k $238k
Accounts Receivable, Credit Loss Expense (Reversal) $0 $480k $21k $7k ($6k) $2k $0 $2k $0 —
Gain (Loss) on Investments — — — $1.7m — — — — — $3.4m
General and Administrative Expense $13.8m $14.0m $13.6m $12.8m $11.7m $11.6m $12.6m $13.1m $19.4m $21.6m
Goodwill $10.4m $10.4m $9.1m $9.1m $9.1m — $11.7m $11.7m $11.7m $11.7m
Inventory Write-down $200k $374k $558k ($52k) $0 — — — — —
Nonoperating Income (Expense) — — ($201k) $3.2m ($95k) ($264k) ($508k) ($346k) $117k $3.5m
Operating Expenses $28.9m $31.2m $29.0m $24.1m $22.0m $22.8m $24.4m $25.4m $34.7m $42.0m
Payments of Financing Costs — — $69k $0 — $32k $0 — — —
Realized Investment Gains (Losses) — — — $1.4m $4k $2k $0 — — —
Unrealized Gain (Loss) on Investments — — — $1.7m $0 $1.7m $1.7m — — —
Net Cash Provided by (Used in) Operating Activities $5.1m $3.8m $2.4m $3.8m $6.4m $5.6m $4.0m $16.9m $13.0m $10.9m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $3.2m $5.3m $2.8m $1.2m $1.9m $1.9m $3.4m $4.4m $6.7m $27.4m
Payments to Acquire Businesses, Net of Cash Acquired — — — — — $5.2m $580k $0 — —
Payments to Acquire Investments $559k $25k $500k $15k $0 — — $100k $0 —
Gain (Loss) on Sale of Investments ($15k) $0 ($54k) ($189k) $28k $88k $241k ($34k) $8k ($115k)
Net Cash Provided by (Used in) Investing Activities ($360k) ($5.3m) ($2.7m) $838k ($1.9m) ($7.1m) ($4.0m) ($4.4m) ($6.7m) ($22.0m)
Cash flows from financing activities:
Payments for Repurchase of Common Stock $738k $1.5m $1.4m $538k $405k $1.6m $4.0m $0 — —
Net Cash Provided by (Used in) Financing Activities ($1.6m) ($2.3m) ($1.7m) ($3.8m) ($405k) $2.9m ($4.7m) ($3.8m) ($2.8m) ($65k)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — $9.2m $4.4m $13.2m $16.7m $5.6m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities — $241k $261k $259k $99k $102k $247k $415k $98k $58k
Income Taxes Paid, Net $1.4m $2.4m $723k ($1.9m) ($426k) $2.3m $1.1m $4.8m $6.0m $5.6m

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