← MILLER INDUSTRIES INC /TN/
| 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 From Continuing Operations | — | — | — | — | — | — | $20.3m | $58.3m | $63.5m | $23.0m | |
| Net Income (Loss) Attributable to Parent | $19.9m | $23.0m | $33.7m | $39.1m | $29.8m | $16.3m | $20.3m | $58.3m | $63.5m | $23.0m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $19.9m | — | — | — | — | — | — | — | — | — | |
| Depreciation, Depletion and Amortization | $4.8m | $6.1m | $7.7m | $9.1m | $9.6m | $11.0m | $11.8m | $13.2m | $14.1m | $14.7m | |
| Depreciation | $4.8m | $6.1m | $7.7m | $9.1m | $9.6m | $11.0m | $11.8m | $13.2m | $14.1m | $14.7m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $11.8m | $13.2m | $14.1m | $14.7m | |
| Deferred Income Tax Expense (Benefit) | $3.2m | ($868k) | $568k | $1.7m | $728k | $1.0m | $1.1m | $2.2m | ($1.2m) | ($1.5m) | |
| Deferred Income Tax (CF) | — | ($868k) | $568k | $1.7m | $752k | $1.0m | $1.1m | ($2.2m) | ($1.2m) | ($1.5m) | |
| Deferred Income Tax | — | — | — | — | — | — | $1.1m | ($2.2m) | ($1.2m) | ($1.5m) | |
| Deferred Tax | — | — | — | — | — | — | $1.1m | ($2.2m) | ($1.2m) | ($1.5m) | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | — | — | — | $743k | $1.1m | $3.2m | $5.3m | |
| Share-based Payment Arrangement, Expense | $0 | $0 | $0 | $150k | $194k | $200k | $200k | — | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($18k) | $608k | ($156k) | ($21k) | $17k | ($38k) | ($53k) | ($251k) | $128k | ($377k) | |
| Gain (Loss) on Disposition of Assets | — | — | — | $21k | ($17k) | $38k | $53k | $251k | ($128k) | $377k | |
| Income Tax Expense (Benefit) | $11.2m | $7.3m | $7.9m | $11.3m | $8.3m | $5.5m | $5.4m | $15.5m | $16.6m | $8.5m | |
| Other Nonoperating Income (Expense) | — | $387k | ($253k) | — | — | — | — | — | — | — | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Inventories | ($1.0m) | $2.8m | $23.9m | ($5.5m) | ($5.5m) | $32.1m | $40.7m | $30.4m | ($2.2m) | ($18.9m) | |
| Increase (Decrease) in Accounts Payable | $12.9m | ($5.8m) | $19.4m | ($2.2m) | ($10.9m) | $33.9m | $4.5m | $64.9m | ($45.4m) | ($73.3m) | |
| Increase (Decrease) in Other Operating Assets | — | — | — | ($609k) | ($321k) | ($116k) | ($24k) | ($63k) | ($364k) | ($105k) | |
| Proceeds from Stock Options Exercised | $3k | $146k | $56k | — | — | — | — | — | — | — | |
| Goodwill | $11.6m | $11.6m | $11.6m | $11.6m | $11.6m | $11.6m | $11.6m | $20.0m | $20.0m | $20.1m | |
| Operating Expenses | $33.2m | — | — | — | — | — | — | — | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $711.7m | $818.2m | $651.3m | $717.5m | $848.5m | $1.2b | $1.3b | $790.3m | |
| Provision for credit losses | — | $86k | $214k | $15k | $195k | ($137k) | $174k | $203k | $325k | ($111k) | |
| Stock-based compensation | — | — | — | — | — | — | $743k | $1.1m | $3.2m | $5.3m | |
| Accounts receivable | — | ($6.7m) | ($19.4m) | ($19.6m) | $27.4m | ($12.7m) | ($24.3m) | ($105.6m) | ($28.1m) | $121.7m | |
| Inventories | — | ($2.8m) | ($23.9m) | $5.5m | $5.5m | ($32.1m) | ($40.7m) | ($30.4m) | $2.2m | $18.9m | |
| Prepaid expenses | — | $765k | $989k | ($1.5m) | $1.7m | ($2.6m) | $1.1m | $50k | ($1.2m) | ($6.3m) | |
| Other assets | — | $8k | $60k | $609k | $321k | $116k | $24k | $63k | $364k | $105k | |
| Accounts payable | — | ($5.8m) | $19.4m | ($2.2m) | ($10.9m) | $33.9m | $4.5m | $64.9m | ($45.4m) | ($73.3m) | |
| Accrued liabilities | — | $575k | $2.1m | $2.3m | ($3.8m) | $282k | $5.1m | $11.0m | $9.6m | ($4.5m) | |
| Income taxes payable | — | — | — | — | $1.4m | ($118k) | $929k | $451k | ($317k) | $1.0m | |
| Acquisition of business, net of cash | — | — | — | — | — | — | — | ($17.4m) | $24k | $18.6m | |
| Net (payments) borrowings under credit facility | — | $5.0m | $5.0m | ($10.0m) | ($5.0m) | — | $45.0m | $15.0m | $5.0m | ($35.0m) | |
| NET CHANGE IN CASH AND TEMPORARY INVESTMENTS | ($9.2m) | $5.1m | ($965k) | $31.4m | ($3.2m) | ($14.2m) | ($10.2m) | ($5.6m) | $20.3m | ||
| Cash payments for interest | — | $1.9m | $2.4m | $3.2m | $2.1m | $1.6m | $3.3m | $8.1m | $9.7m | $7.0m | |
| Cash payments for income taxes, net of refunds | — | $11.6m | $7.5m | $10.1m | $6.7m | $5.9m | $1.8m | $18.1m | $23.7m | $7.5m | |
| Beginning Cash Position | — | — | — | — | — | — | $54.3m | $40.2m | $29.9m | $24.3m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $36.8m | $6.8m | ($6.6m) | ($50.7m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($28.9m) | ($29.1m) | ($15.3m) | ($30.8m) | |
| Change In Account Payable | — | — | — | — | — | — | $4.5m | $64.9m | ($45.4m) | ($73.3m) | |
| Change In Accrued Expense | — | — | — | — | — | — | $5.1m | $11.0m | $9.6m | ($4.5m) | |
| Change In Income Tax Payable | — | — | — | — | — | — | $929k | $451k | ($317k) | $1.0m | |
| Change In Inventory | — | — | — | — | — | — | ($40.7m) | ($30.4m) | $2.2m | $18.9m | |
| Change In Other Current Assets | — | — | — | — | — | — | $24k | $63k | $364k | $105k | |
| Change In Payable | — | — | — | — | — | — | $5.4m | $65.4m | ($45.7m) | ($72.3m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $10.6m | $76.4m | ($36.2m) | ($76.8m) | |
| Change In Prepaid Assets | — | — | — | — | — | — | $1.1m | $50k | ($1.2m) | ($6.3m) | |
| Change In Receivables | — | — | — | — | — | — | ($24.3m) | ($105.6m) | ($28.1m) | $121.7m | |
| Change In Tax Payable | — | — | — | — | — | — | $929k | $451k | ($317k) | $1.0m | |
| Change In Working Capital | — | — | — | — | — | — | ($53.4m) | ($59.5m) | ($63.0m) | $57.7m | |
| Changes In Account Receivables | — | — | — | — | — | — | ($24.3m) | ($105.6m) | ($28.1m) | $121.7m | |
| Changes In Cash | — | — | — | — | — | — | ($11.3m) | ($11.4m) | ($5.0m) | $17.2m | |
| End Cash Position | — | — | — | — | — | — | $40.2m | $29.9m | $24.3m | $44.7m | |
| Financing Cash Flow | — | — | — | — | — | — | $36.8m | $6.8m | ($6.6m) | ($50.7m) | |
| Free Cash Flow | — | — | — | — | — | — | ($48.1m) | ($1.1m) | $1.5m | $85.0m | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | ($53k) | ($251k) | $128k | ($377k) | |
| Investing Cash Flow | — | — | — | — | — | — | ($28.9m) | ($29.1m) | ($15.3m) | ($30.8m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $0 | ($17.4m) | $24k | ($18.6m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($28.9m) | ($11.7m) | ($15.3m) | ($12.2m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($53k) | ($251k) | $128k | ($377k) | |
| Other Non Cash Items | — | — | — | — | — | — | $200k | $123k | ($198k) | $1k | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $174k | $203k | $325k | ($111k) | |
| Purchase Of Business | — | — | — | — | — | $0 | $0 | ($17.4m) | — | ($18.6m) | |
| Purchase Of PPE | $25.0m | $24.7m | $13.3m | $17.4m | $17.5m | $9.2m | ($28.9m) | ($12.1m) | ($15.4m) | ($13.7m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | $0 | $0 | ($2.9m) | ($6.0m) | |
| Sale Of PPE | — | — | — | — | — | — | $8k | $398k | $59k | $1.5m | |
| Other Operating Income (Expense), Net | $277k | — | — | ($331k) | $668k | ($498k) | ($481k) | $991k | ($425k) | $745k | |
| Net Cash Provided by (Used in) Operating Activities | $20.9m | $14.0m | $21.9m | $35.1m | $60.7m | $15.3m | ($19.2m) | $11.0m | $16.9m | $98.7m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $25.0m | $24.7m | $13.3m | $17.4m | $17.5m | $9.2m | $28.9m | $12.1m | $15.4m | $13.7m | |
| Net cash flows provided by (used in) investing activities | — | ($23.4m) | ($13.2m) | ($17.1m) | ($17.2m) | ($9.1m) | ($28.9m) | ($29.1m) | ($15.3m) | ($30.8m) | |
| Net Cash Provided by (Used in) Investing Activities | — | ($23.4m) | ($13.2m) | ($17.1m) | ($17.2m) | ($9.1m) | ($28.9m) | ($29.1m) | ($15.3m) | ($30.8m) | |
| Cash flows from financing activities: | |||||||||||
| Issuance Of Debt | — | — | — | — | — | $0 | $45.0m | $15.0m | $5.0m | — | |
| Long Term Debt Issuance | — | — | — | — | — | $0 | $45.0m | $15.0m | $5.0m | — | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $45.0m | $15.0m | $5.0m | ($35.6m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $45.0m | $15.0m | $5.0m | ($35.6m) | |
| Repayments of Long-term Debt | — | — | — | — | — | — | — | — | — | $609k | |
| Long Term Debt Payments | — | — | — | — | — | — | ($15k) | $0 | $0 | ($35.6m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($15k) | $0 | $0 | ($35.6m) | |
| Issuance of common stock, net of shares withheld for employee taxes | — | — | — | — | — | — | $200k | $123k | ($198k) | $1k | |
| Net Common Stock Issuance | — | — | — | — | — | — | $0 | $0 | ($2.9m) | ($6.0m) | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | — | — | $2.9m | $6.0m | |
| Payments of Ordinary Dividends, Common Stock | $7.7m | $8.2m | $8.2m | $8.2m | $8.2m | $8.2m | $8.2m | $8.2m | $8.7m | $9.2m | |
| Repurchase of common stock | — | — | — | — | — | — | — | — | ($2.9m) | ($6.0m) | |
| Common Stock Payments | — | — | — | — | — | — | $0 | $0 | ($2.9m) | ($6.0m) | |
| Payments of cash dividends | — | ($8.2m) | ($8.2m) | ($8.2m) | ($8.2m) | ($8.2m) | ($8.2m) | ($8.2m) | ($8.7m) | ($9.2m) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($8.2m) | ($8.2m) | ($8.7m) | ($9.2m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($8.2m) | ($8.2m) | ($8.7m) | ($9.2m) | |
| Net cash flows provided by (used in) financing activities | — | ($2.4m) | ($3.0m) | ($18.6m) | ($13.6m) | ($8.2m) | $36.8m | $6.8m | ($6.6m) | ($50.7m) | |
| Net Cash Provided by (Used in) Financing Activities | — | ($2.4m) | ($3.0m) | ($18.6m) | ($13.6m) | ($8.2m) | $36.8m | $6.8m | ($6.6m) | ($50.7m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | $1.6m | ($1.2m) | ($2.9m) | $1.1m | ($554k) | $3.2m | |
| EFFECTS OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | $1.6m | ($1.2m) | ($2.9m) | $1.1m | ($554k) | $3.2m | |||||
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($2.9m) | $1.1m | ($554k) | $3.2m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | ($965k) | $31.4m | ($3.2m) | ($14.2m) | ($10.2m) | ($5.6m) | $20.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $26.1m | $57.5m | $54.3m | $40.2m | $29.9m | $24.3m | $44.7m | |
| CASH AND CASH EQUIVALENTS, beginning of period | — | $21.9m | $27.0m | $26.1m | $57.5m | $54.3m | $40.2m | $29.9m | $24.3m | $44.7m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($14.2m) | ($10.2m) | ($5.6m) | $20.3m | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $2.4m | $3.2m | $2.1m | $1.6m | $3.3m | $8.1m | $9.7m | $7.0m | |
| Income Taxes Paid, Net | $11.6m | $7.8m | — | $10.1m | $6.7m | $5.9m | $1.8m | $18.1m | $23.7m | $7.5m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.