← Medirom Healthcare Technologies Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
| Net Income (Loss) Attributable to Parent | $17.3m |
($539.2m)
-3210.30%
|
($990.7m)
-83.75%
|
$149.0m
+115.04%
|
$115.4m
-22.53%
|
$148.8m
+28.91%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $17.3m |
($539.2m)
-3210.30%
|
($990.7m)
-83.75%
|
$149.0m
+115.04%
|
$115.0m
-22.77%
|
$138.2m
+20.11%
|
— | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | ($355k) | — | — | |
| Depreciation, Depletion and Amortization | $46.2m | $62.3m | $126.2m | $184.1m | $252.6m | $290.0m | $345.8m | |
| Amortization of Intangible Assets | $16.6m | $20.6m | $45.8m | $85.9m | $145.6m | $182.4m | — | |
| Depreciation | $29.6m | $41.7m | $80.5m | $82.8m | $107.0m | $100.5m | $107.0m | |
| Deferred Income Tax Expense (Benefit) | $5.7m | ($107.3m) | $551.5m | — | ($101.6m) | ($188.7m) | ($188.7m) | |
| Share-based Payment Arrangement, Noncash Expense | — | — | $196.9m | — | — | — | $0 | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | $10.5m | — | — | — | — | — | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $107.5m | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | $0 | $0 | — | — | |
| Operating Lease, Impairment Loss | $34.7m | $70.0m | $21.0m | — | — | — | — | |
| Impairment loss on long-lived assets | $44.5m | $106.5m | $63.2m | $0 | $0 | $22.9m | — | |
| Income (Loss) from Equity Method Investments | $559k | — | — | — | — | — | — | |
| Other Nonoperating Income (Expense) | $4.2m | $19.7m | $24.4m | $51.1m | ($13.9m) | $42.9m | — | |
| Nonoperating Income (Expense) | ($1.6m) | $119.4m | $56.1m | $82.8m | $412.2m | $65.8m | — | |
| Changes in operating assets and liabilities: | ||||||||
| Increase (Decrease) in Accounts Receivable | $66.9m | ($189.1m) | $37.0m | $222.4m | ($580.7m) | ($339.1m) | $132.7m | |
| Accounts receivable-trade, net | ($66.9m) | $189.1m | ($37.0m) | ($222.4m) | $580.7m | $339.1m | $132.7m | |
| Accounts receivable-other, net | ($36.2m) | ($48.0m) | ($87.1m) | ($210.5m) | $43.4m | ($39.2m) | $132.7m | |
| Payment received on long-term accounts receivable-other, net | $16.3m | $15.0m | $9.5m | $2.6m | $11.7m | $15.2m | — | |
| Sales of salons included in accounts receivable | — | — | $129.0m | $134.9m | $455.5m | $1.1b | — | |
| Increase (Decrease) in Inventories | ($892k) | $2.4m | $2.4m | $95.4m | $25.9m | $10.6m | $30.5m | |
| Inventories | $892k | ($2.4m) | ($2.4m) | ($95.4m) | ($25.9m) | ($10.6m) | $30.5m | |
| Increase (Decrease) in Accounts Payable | ($18.7m) | ($55.6m) | $58.4m | ($23.3m) | ($69.9m) | $876.5m | $754.0m | |
| Accrued expenses | $116.9m | $206.7m | $195.5m | $517.7m | $97.0m | ($1.0b) | ($632.8m) | |
| Accrued income taxes | $4.2m | $25.4m | ($2.9m) | $19.2m | ($45.0m) | $43.7m | — | |
| Purchases of property and equipment included in accrued expenses | — | $29.2m | $23.5m | — | $4.6m | $12.3m | ($632.2m) | |
| Purchases of intangible assets included in accrued expenses | $3.3m | $1.5m | $14.2m | — | $9.5m | $93.0m | — | |
| Deferred stock issuance costs included in accrued expenses | $14.2m | $261.6m | — | — | — | $84.3m | — | |
| Prepaid expenses and other current assets | ($39.7m) | ($8.2m) | ($74.8m) | ($181.5m) | ($530k) | ($2.4m) | — | |
| Other current liabilities | $10.2m | ($3.4m) | $130.1m | $254.7m | ($77.4m) | $22.7m | $110.6m | |
| Other assets and other liabilities - net | ($9.5m) | ($10.9m) | $5.2m | $50.0m | ($17.8m) | ($82.5m) | — | |
| Net Cash Provided by (Used in) Operating Activities | $7.9m |
($366.4m)
-4755.91%
|
($557.2m)
-52.07%
|
($685.7m)
-23.05%
|
($631.7m)
+7.87%
|
($1.3b)
-110.80%
|
($897.9m)
+32.58%
|
|
| Cash flows from investing activities: | ||||||||
| (Gains) losses on disposal of property and equipment, net, other intangible assets, net and goodwill | $5.0m | $3.2m | ($95.7m) | $40.6m | ($135.8m) | ($71.4m) | — | |
| Payments to Acquire Property, Plant, and Equipment | $7.4m | $73.6m | $95.7m | $120.7m | $135.8m | $71.4m | ($632.2m) | |
| Acquisition of investments | ($13.5m) | — | ($52.5m) | — | ($3.1m) | — | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $3.2m | $99.2m | $375.8m | $148.0m | — | $21.3m | ($21.3m) | |
| Net cash provided (used in) by investing activities | ($37.9m) | ($139.6m) | ($83.9m) | $580.4m | ($328.6m) | $361.4m | — | |
| Net Cash Provided by (Used in) Investing Activities | ($37.9m) | ($139.6m) | ($83.9m) | $580.4m | ($328.6m) | $361.4m | ($440.0m) | |
| Cash flows from financing activities: | ||||||||
| Proceeds from short-term borrowings | — | — | — | — | $400.0m | $710.0m | — | |
| Repayment of short-term borrowings | — | — | — | ($162.3m) | — | ($588.3m) | — | |
| Proceeds from long-term borrowings | — | $775.0m | — | $547.6m | — | $300.0m | — | |
| Repayment of long-term borrowings | ($234.4m) | ($206.4m) | ($251.1m) | ($45.3m) | ($99.1m) | ($96.7m) | — | |
| Proceeds from Issuance of Long-term Debt | — | $775.0m | — | $547.6m | — | $300.0m | $300.0m | |
| Repayments of Long-term Debt | $234.4m | $206.4m | $251.1m | $45.3m | $99.1m | $96.7m | ($86.0m) | |
| Proceeds from Issuance of Common Stock | $700.0m | — | — | — | — | — | $600.0m | |
| Proceeds from issuance of common stock, net of issuance costs | — | — | $87.6m | — | — | $608.1m | $600.0m | |
| Net Cash Provided by (Used in) Financing Activities | $332.0m |
$1.4b
+331.37%
|
($427.9m)
-129.88%
|
$340.1m
+179.47%
|
$461.2m
+35.61%
|
$1.2b
+158.74%
|
$1.2b
+2.73%
|
|
| Net increase (decrease) in cash and cash equivalents | $301.9m | $926.1m | ($1.1b) | $234.8m | ($499.1m) | $223.1m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $301.9m | $926.1m | ($1.1b) | $234.8m | ($499.1m) | $223.1m | $32.7m | |
| Cash and cash equivalents at beginning of year | $211.7m | $513.6m | $370.6m | $605.5m | $106.3m | $329.4m | $144.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $513.6m | $1.4b | — | — | — | — | $32.7m | |
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| Gain (Loss) on Disposition of Assets | — | — | — | — | $413.7m | $40.6m | — | |
| Gain (Loss) on Disposition of Business | ($9.6m) | — | ($2.7m) | — | — | — | — | |
| Income Tax Expense (Benefit) | $16.0m | ($87.5m) | $576.2m | $30.8m | ($94.4m) | ($90.5m) | — | |
| Interest Expense Nonoperating | — | — | — | — | — | $49.7m | — | |
| Operating Lease, Expense | — | — | — | — | — | $89.1m | — | |
| Additional Financial Items | ||||||||
| Asset Retirement Obligation, Accretion Expense | $223k | $595k | $2.2m | $24.4m | $3.1m | $3.8m | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | $15.0m | $14.8m | $26.8m | $18.1m | — | |
| Goodwill | $78.3m | $150.7m | $600.3m | $539.5m | $484.6m | $389.1m | $107.5m | |
| Investment Income, Interest | $1.3m | $1.3m | $839k | $6.1m | $1.1m | $8k | — | |
| Proceeds from Stock Options Exercised | — | $6.8m | — | — | — | — | — | |
| Gain from sales of directly-owned salons | — | — | ($541.5m) | ($858.5m) | ($1.2b) | ($1.7b) | — | |
| Change in provision for credit losses | $271k | ($11.4m) | $28.8m | ($36.4m) | $2.0m | $49.8m | — | |
| Foreign currency exchange (gain) loss | — | — | — | — | ($17.4m) | ($9.0m) | — | |
| Other non-cash losses - net | ($895k) | $1.9m | $819k | — | $45.7m | $53.1m | — | |
| Lease and guarantee deposits | ($14.2m) | $58.5m | ($70.7m) | ($27.2m) | $46.7m | $46.9m | — | |
| Contract liability | — | ($160.6m) | ($162.8m) | ($82.6m) | ($65.0m) | ($90.0m) | — | |
| Advances received | ($39.2m) | ($15.3m) | $96.2m | ($111.1m) | ($104.7m) | ($27.9m) | — | |
| Deposit received | ($20.9m) | ($98.9m) | ($46.5m) | ($24.4m) | ($42.7m) | ($25.7m) | — | |
| Purchases of time deposits | ($37.9m) | ($26.7m) | ($26.4m) | — | — | ($5.7m) | — | |
| Proceeds from maturities of time deposits | $6.0m | $10.0m | $6.0m | — | — | $26.0m | — | |
| Acquisition of intangible assets | ($12.1m) | ($30.6m) | ($18.1m) | ($45.8m) | ($786.2m) | ($493.4m) | — | |
| Proceeds from sale of salons | — | — | $430.0m | $851.7m | $584.8m | $908.4m | — | |
| Payment received on short-term loans receivable | $450k | $900k | $450k | — | $113k | — | — | |
| Interest | $11.9m | $10.2m | $10.9m | $7.5m | $34.6m | $47.6m | $36.2m | |
| Income taxes | $24.3m | $7.0m | $45.5m | $30.8m | $52.1m | $12.8m | — | |
| Right-of-use assets obtained in exchange for lease liabilities | $749.0m | $604.7m | $917.1m | $673.5m | $931.5m | $901.2m | — | |
| Acquisition of businesses - net of cash acquired | ($3.2m) | ($99.2m) | ($375.8m) | ($148.0m) | — | ($21.3m) | — | |
| Proceeds from sale of investment securities | — | $53.0m | — | — | — | $3.6m | $3.6m | |
| Supplemental disclosure of cash flow information: |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.