MOVADO GROUP INC

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Net income/(loss) $35.1m ($15.2m) $61.6m $42.4m ($111.2m) $92.6m $97.0m $47.5m $19.2m $26.9m
Depreciation and amortization $11.5m $13.5m $14.2m $16.4m $14.1m $12.5m $10.8m $9.6m $9.3m $9.4m
Deferred income taxes ($3.8m) $461k ($11.4m) $4.4m ($18.3m) ($208k) ($712k) $319k $827k ($2.8m)
Non-cash corporate initiatives $0 $0 $3.7m ($926k) $0 $0
Transactional losses/(gains) $2.0m ($1.0m) $275k $1.5m ($836k) ($808k) ($18k) $722k ($388k) $743k
Provision for inventories and accounts receivable $2.8m $3.8m $4.9m $3.2m $3.8m $4.8m $4.1m $5.4m $4.6m $5.7m
Stock-based compensation $7.3m $4.9m $6.0m $6.4m $5.1m $5.0m $5.7m $7.4m $4.1m $5.2m
Other $78k $0 $70k $603k $450k $561k $453k $1.0m $413k $1.0m
Trade receivables $2.9m ($9.3m) ($2.6m) $5.9m $2.4m ($18.6m) ($3.4m) ($9.1m) ($11.6m) ($276k)
Inventories $7.4m $6.6m ($4.2m) ($5.5m) $21.6m ($15.4m) ($28.9m) $37.7m ($11.7m) $9.8m
Other current assets $512k ($3.8m) $5.4m $709k $2.3m $2.1m ($6.4m) $6.0m ($4.6m) $1.5m
Accounts payable ($401k) ($4.0m) $6.1m ($3.6m) ($7.8m) $18.3m ($13.7m) $1.5m $1.8m ($15.5m)
Accrued liabilities $244k ($416k) $2.6m ($4.9m) $4.5m $1.4m ($1.1m) ($6.0m) $3.1m $3.4m
Accrued payroll and benefits ($4.2m) $1.7m $3.9m ($12.5m) $11.3m $7.3m ($7.7m) ($9.9m) $475k $9.5m
Income taxes receivable $5.5m ($7.4m) ($21.0m) $17.1m $6.8m ($3.7m) $9.5m $4.8m
Income taxes payable ($2.5m) ($1.9m) $5.3m ($5.4m) $2.1m $1.4m ($4.1m) ($13.0m) ($22.0m) ($4.6m)
Other non-current assets ($7.6m) ($6.6m) $721k ($2.4m) $1.3m $3.3m ($4.6m) $1.9m ($4.3m) $2.2m
Other non-current liabilities $5.5m $7.6m $1.2m $507k $573k $681k $180k ($609k) ($411k) $925k
Long-term investments $0 ($2.0m) ($3.3m) ($3.1m) ($5.7m) ($3.4m)
Trademarks and other intangibles ($328k) ($556k) ($492k) ($255k) ($164k) ($291k) ($202k) ($144k) ($109k) ($138k)
Repayments of bank borrowings ($13.0m) ($5.0m) ($25.0m) $0 ($64.5m) ($21.1m) $0 $0
Stock repurchases ($3.9m) ($3.6m) ($7.4m) ($4.2m) $0 ($22.6m) ($31.4m) ($3.1m) ($2.6m) ($3.9m)
Purchase of incremental ownership of joint venture ($1.3m) ($162k) $0 $0 $0 $0 ($1.9m) $0 $0
Stock awards and options exercised and other changes ($159k) $5.0m ($1.3m) ($497k) $324k $489k $97k ($1.1m) $32k
Net cash provided by/(used in) operating activities $58.2m $54.7m $86.2m $32.1m $68.4m $130.8m $54.3m $76.8m ($1.5m) $57.9m
Capital expenditures ($5.9m) ($5.8m) ($10.6m) ($12.7m) ($3.0m) ($5.7m) ($7.1m) ($8.2m) ($8.0m) ($4.5m)
Net cash used in investing activities ($7.6m) ($84.3m) ($109.0m) ($13.4m) ($1.9m) ($7.9m) ($10.6m) ($11.5m) ($13.7m) ($8.1m)
Debt issuance cost $0 ($689k) $0 ($300k) ($294k) ($85k) $0 $0
Distribution of noncontrolling interest earnings $0 ($1.2m) ($1.1m) ($1.4m) ($604k) ($1.4m)
Contributions from noncontrolling interest $0 $298k $0 $0
Dividends paid ($11.9m) ($11.9m) ($18.5m) ($18.4m) $0 ($22.0m) ($31.4m) ($53.1m) ($31.1m) ($31.1m)
Net cash used in financing activities ($27.4m) ($20.9m) $3.7m ($23.9m) ($34.4m) ($66.6m) ($65.3m) ($57.6m) ($35.4m) ($36.3m)
Effect of exchange rate changes on cash, cash equivalents and restricted cash $4.9m $9.0m ($5.8m) $1.1m $5.8m ($3.0m) ($4.0m) $2.9m ($3.0m) $8.6m
Net increase/(decrease) in cash, cash equivalents and restricted cash $28.1m ($41.5m) ($25.0m) ($4.0m) $38.0m $53.3m ($25.5m) $10.6m ($53.6m) $22.2m
Cash, cash equivalents and restricted cash at beginning of year $256.9m $215.4m $190.5m $186.4m $224.4m $277.7m $252.2m $262.8m $209.2m $231.4m
Cash and cash equivalents $256.3m $214.8m $189.9m $185.9m $223.8m $277.1m $251.6m $262.1m $208.5m $230.5m
Restricted cash included in other non-current assets $600k $600k $548k $566k $612k $588k $595k $755k $713k $841k