← MGP INGREDIENTS 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 $31.2m $41.8m $37.3m $38.8m $40.3m $91.3m $109.5m $107.5m $34.7m ($107.8m)
Net Income (Loss) Available to Common Stockholders, Basic $30.2m $40.8m $36.6m $38.5m $40.1m $90.6m $108.6m $106.4m $34.3m ($106.5m)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — — — — $90.8m $108.9m $107.1m $34.5m ($107.8m)
Net Income (Loss) Attributable to Noncontrolling Interest ($4.0m) — — — — ($490k) ($590k) ($345k) ($198k) ($23k)
Depreciation, Depletion and Amortization $11.3m $11.3m $11.4m $11.6m $13.0m $19.1m $21.5m $22.1m $22.0m $24.1m
Amortization of Intangible Assets — — — — — $1.6m $2.1m — — —
Deferred Income Tax Expense (Benefit) $554k ($3.5m) $1.5m $306k $140k $6.8m $978k ($3.9m) $343k ($3.4m)
Deferred income taxes, including change in valuation allowance $681k ($3.4m) $1.7m $252k $593k $6.8m $1.0m ($4.0m) $359k ($3.4m)
Share-based Payment Arrangement, Noncash Expense $2.4m $2.6m $3.1m $3.3m $3.0m $5.6m $5.5m $10.6m $4.0m $4.7m
Share-based Payment Arrangement, Expense $2.4m $2.2m $2.6m $2.4m $2.7m $2.3m $3.5m $5.4m $4.0m —
Equity Method Investment, Other than Temporary Impairment $0 $0 — — — — — — — —
Goodwill and Intangible Asset Impairment — — — — — — — — — $152.6m
Goodwill, Impairment Loss — — — — — — — — $73.8m $132.1m
Impairment of Intangible Assets (Excluding Goodwill) — — — — — — — — — $20.5m
Impairment of long-lived assets and other — — — — — $0 $0 $19.4m $137k $0
Goodwill and indefinite-lived intangible asset impairment — — — — — — — $0 $73.8m $152.6m
Share-based compensation $2.4m $2.6m $3.1m $3.3m $3.0m $5.6m $5.5m $10.6m $4.0m $4.7m
Equity Method Investment, Realized Gain (Loss) on Disposal — — $0 $0 — — — — — —
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property $872k $0 $0 — — — — — — —
Income (Loss) from Equity Method Investments $4.0m ($348k) $0 $0 — ($1.6m) ($2.2m) ($337k) $1.8m $1.2m
Income Tax Expense (Benefit) $13.5m $10.9m $11.7m $7.1m $12.3m $30.3m $31.3m $34.6m $34.0m $7.5m
Other Nonoperating Income (Expense) — — — — — ($1.2m) ($3.3m) ($220k) $2.5m $1.3m
Equity method investment loss (gain) ($4.0m) $348k $0 $0 $0 $1.6m $2.2m $337k ($1.8m) ($1.2m)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable — — — $2.1m $16.2m $6.0m $16.8m $32.4m $4.4m ($32.2m)
Increase (Decrease) in Inventories $20.1m $14.3m $15.6m $28.2m $3.9m $14.2m $44.4m $46.9m $18.2m $18.1m
Increase (Decrease) in Accounts Payable ($3.2m) $9.5m ($2.5m) — — — — — — —
Goodwill — $1.5m — — — $226.3m $226.3m $321.5m $247.8m $115.7m
Change in fair value of contingent consideration — — — — — $0 $0 $7.1m $16.1m $25.5m
Other, net $0 $0 $0 ($76k) $0 $0 $170k ($263k) ($377k) ($37k)
Receivables, net $4.6m ($8.3m) ($4.5m) ($2.1m) ($16.2m) ($6.0m) ($16.8m) ($32.4m) ($4.4m) $32.2m
Inventory ($20.1m) ($14.3m) ($15.6m) ($28.2m) ($3.9m) ($14.2m) ($44.4m) ($46.9m) ($18.2m) ($18.1m)
Prepaid expenses ($622k) ($498k) $862k ($728k) ($748k) $2.6m ($1.5m) ($481k) ($409k) $1.8m
Income taxes payable (refundable) — — $1.3m ($275k) $1.8m ($6.2m) $1.2m $3.1m ($2.3m) $239k
Accounts payable ($3.2m) $9.5m ($2.5m) $2.1m $1.8m $5.3m $10.6m ($2.4m) ($9.1m) $1.6m
Accrued expenses and other ($1.4m) $2.3m $551k ($4.5m) $11.5m $738k $2.0m $348k ($15.1m) $8.4m
Federal and state excise taxes payable — — — $140k ($34k) ($1.5m) ($2.4m) ($2.4m) $3.1m $397k
Loan fees paid related to borrowings ($114k) ($377k) $0 $0 ($1.1m) ($7.0m) $0 $0 $0 ($2.8m)
Net Cash Provided by (Used in) Operating Activities $19.7m $33.5m $33.5m $19.7m $53.3m $88.3m $88.9m $83.8m $102.3m $121.5m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $17.9m $21.1m $31.0m $16.7m $19.7m $47.4m $45.3m $55.3m $71.2m $45.5m
Payments to Acquire Businesses, Net of Cash Acquired $1.6m $0 $0 — — $149.0m $0 $103.7m $0 $0
Purchase of business, net of cash acquired ($1.6m) $0 $0 $0 ($2.8m) ($149.0m) $0 ($103.7m) $0 $0
Payments for (Proceeds from) Other Investing Activities — — — — $102k $1.1m ($170k) $263k $377k $37k
Net Cash Provided by (Used in) Investing Activities ($17.7m) $1.8m ($31.0m) ($17.9m) ($19.6m) ($182.6m) ($47.8m) ($159.2m) ($71.6m) ($45.5m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $0 $20.0m $0 $20.0m $0 — — — $125.0m $28.0m
Proceeds from long-term debt $0 $20.0m $0 $20.0m $0 $0 $0 $105.0m $125.0m $28.0m
Repayments of Long-term Debt $2.3m $358k $372k $386k $1.2m $1.6m $3.4m $5.6m $89.4m $97.4m
Principal payments on long-term debt ($2.3m) ($358k) ($372k) ($386k) ($1.2m) ($1.6m) ($3.4m) ($5.6m) ($89.4m) ($97.4m)
Payments for Repurchase of Common Stock $1.5m $4.7m $2.3m $5.5m $4.4m $767k $715k $801k $48.8m $1.0m
Repurchase of Common Stock ($1.5m) ($4.7m) ($2.3m) ($5.5m) ($4.4m) ($767k) ($715k) ($801k) ($48.8m) ($1.0m)
Dividends paid $2 $17 $6 $7 $8 $10 $11 $11 $11 $10
Payment of dividends and dividend equivalents ($2) ($17) ($6) ($7) ($8) ($10) ($11) ($11) ($11) ($10)
Proceeds from (Payments for) Other Financing Activities — — — ($76k) $0 $0 — — — —
Net Cash Provided by (Used in) Financing Activities ($1.2m) ($33.7m) ($494k) ($3.5m) ($15.3m) $94.3m ($14.8m) $45.9m ($23.8m) ($83.5m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — ($25k) ($38k) $34k ($32k) $706k
Effect of exchange rate changes on cash and cash equivalents — — — $0 $0 ($25k) ($38k) $34k ($32k) $706k
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — ($1.7m) $18.4m ($94k) $26.3m ($29.5m) $6.9m ($6.8m)
Increase (decrease) in cash and cash equivalents — $1.5m $1.9m ($1.7m) $18.4m ($94k) $26.3m ($29.5m) $6.9m ($6.8m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $3.3m $21.7m $21.6m $47.9m $18.4m $25.3m $18.5m
Cash and cash equivalents, beginning of year — $3.1m $5.0m $3.3m $21.7m $21.6m $47.9m $18.4m $25.3m $18.5m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities — — $1.6m $1.6m $2.2m $3.5m $6.0m $9.2m $10.6m $9.4m
Income Taxes Paid, Net $16.4m $13.5m $8.8m $7.1m $10.6m $29.8m $29.1m $35.1m $36.1m $10.7m

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