← METHODE ELECTRONICS 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 | $84.6m | $92.9m | $57.2m | $91.6m | $123.4m | $122.3m | $102.2m | $77.1m | ($123.3m) | ($62.6m) | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $84.6m | $92.9m | — | — | — | — | — | $77.1m | ($123.3m) | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $0 | $0 | — | — | — | — | — | — | — | — | |
| Depreciation, Depletion and Amortization | $23.9m | $24.3m | $28.1m | $43.3m | $48.3m | $51.5m | $52.6m | $49.5m | $57.9m | $58.5m | |
| Amortization of Debt Issuance Costs | — | $0 | $0 | $500k | $700k | $700k | $700k | $700k | $800k | $1.1m | |
| Amortization of Intangible Assets | $2.4m | $2.3m | $5.6m | $16.1m | $19.0m | $19.3m | $19.1m | $18.8m | $24.0m | $23.4m | |
| Depreciation | $21.5m | $22.0m | $22.5m | $27.2m | $29.3m | $32.2m | $33.5m | $30.7m | $33.9m | $35.1m | |
| Deferred Income Tax Expense (Benefit) | $8.2m | ($3.9m) | $1.0m | ($3.8m) | $7.4m | ($9.1m) | ($2.4m) | ($4.0m) | ($21.5m) | ($5.5m) | |
| Share-based Payment Arrangement, Noncash Expense | $7.4m | $12.4m | $4.0m | $14.0m | $300k | $6.8m | $11.8m | $11.5m | $3.6m | $7.4m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $7.7m | $1.1m | $300k | $1.7m | $400k | $3.9m | $300k | $500k | $3.8m | $4.3m | |
| Share-based Payment Arrangement, Expense | $7.4m | $12.4m | $4.0m | $14.0m | — | $0 | — | — | — | — | |
| Goodwill and Intangible Asset Impairment | $0 | $0 | — | — | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | — | — | — | — | — | $105.9m | — | |
| Restructuring Costs and Asset Impairment Charges | — | — | — | — | — | — | — | — | $3.7m | $2.7m | |
| Gain (Loss) on Disposition of Assets | — | — | $1.6m | $0 | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Business | $0 | $0 | — | — | — | — | — | — | $0 | $0 | |
| Gain (Loss) on Disposition of Property Plant Equipment | $700k | $0 | $0 | $400k | — | $1.3m | ($300k) | ($600k) | $1.9m | $500k | |
| Income Tax Expense (Benefit) | $26.3m | $23.0m | $66.6m | $12.0m | $25.3m | $12.6m | $16.3m | $13.0m | ($4.8m) | $12.5m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $6.0m | ($5.6m) | ($2.8m) | ($1.5m) | ($27.4m) | $81.9m | $2.0m | $21.0m | ($48.0m) | ($22.7m) | |
| Increase (Decrease) in Inventories | ($4.5m) | ($7.4m) | $7.2m | $3.9m | $15.8m | ($11.3m) | $39.3m | ($8.9m) | $30.7m | $25.7m | |
| Environmental Remediation Expense | $1.0m | $1.2m | $300k | $100k | $500k | $500k | $500k | $1.1m | $900k | $600k | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($500k) | $400k | ($2.6m) | ($1.3m) | — | — | — | — | ($2.2m) | ($5.5m) | |
| Goodwill | $1.7m | $1.6m | $59.2m | $233.3m | $231.6m | $235.6m | $233.0m | $301.9m | $169.9m | $172.7m | |
| Inventory Write-down | — | — | — | — | — | — | — | — | — | $20.4m | |
| Nonoperating Income (Expense) | $500k | $4.7m | $6.4m | $5.1m | $11.7m | $12.2m | $10.3m | $2.4m | $600k | ($4.2m) | |
| Proceeds from Stock Options Exercised | $600k | $2.7m | $300k | $0 | — | $800k | $500k | $1.5m | — | — | |
| Restructuring Costs | — | — | — | — | — | $8.2m | $100k | $1.0m | — | — | |
| Derivative, Gain (Loss) on Derivative, Net | — | — | — | — | — | — | — | $1.3m | $700k | $700k | |
| Net Cash Provided by (Used in) Operating Activities | $110.7m | $145.2m | $117.8m | $102.0m | $140.6m | $179.8m | $98.8m | $132.8m | $47.5m | $26.4m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $23.2m | $22.4m | $47.7m | $49.8m | $45.1m | $24.9m | $38.0m | $42.0m | $50.2m | $41.6m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $130.9m | $422.1m | — | — | — | $114.6m | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($21.6m) | ($21.7m) | ($179.0m) | ($470.8m) | ($44.5m) | ($24.8m) | ($37.4m) | ($153.1m) | ($17.5m) | ($32.9m) | |
| Cash flows from financing activities: | |||||||||||
| Payments for Repurchase of Common Stock | $62.3m | $9.8m | $0 | $0 | — | $6.7m | $64.5m | $48.1m | $13.7m | $1.6m | |
| Payments of Ordinary Dividends, Common Stock | $13.5m | $13.7m | $14.7m | $16.3m | $16.3m | $17.4m | $20.4m | $19.8m | $19.9m | $20.4m | |
| Net Cash Provided by (Used in) Financing Activities | ($28.7m) | ($47.0m) | ($12.7m) | $217.4m | $41.7m | ($142.9m) | ($114.6m) | $3.2m | ($18.9m) | ($58.9m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $26.0m | ($11.5m) | ($3.7m) | $3.8m | ($8.0m) | $2.1m | ($6.6m) | $7.5m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $26.0m | ($11.5m) | $134.1m | $15.9m | ($61.2m) | ($15.0m) | $4.5m | ($57.9m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | $217.3m | $233.2m | $172.0m | $157.0m | $161.5m | $103.6m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | $8.8m | $9.9m | $5.3m | $3.6m | $5.6m | $17.0m | $23.4m | |
| Income Taxes Paid, Net | — | ($1.1m) | ($300k) | ($1.7m) | $21.1m | $16.0m | $32.3m | $25.6m | $15.0m | $22.3m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.