← MATRIX SERVICE CO
| 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 | $28.9m | ($183k) | ($11.5m) | $28.0m | ($33.1m) | ($31.2m) | ($63.9m) | ($52.4m) | ($25.0m) | ($29.5m) | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $25.5m | $138k | ($11.5m) | $28.0m | ($33.1m) | ($31.2m) | ($63.9m) | ($52.4m) | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | ($3.3m) | $321k | $0 | $0 | — | — | — | — | — | — | |
| Depreciation, Depletion and Amortization | $21.4m | $21.6m | $20.3m | $18.2m | $19.1m | $17.9m | $15.3m | $13.7m | $11.0m | $10.0m | |
| Amortization of Intangible Assets | $3.6m | $4.9m | $4.8m | $3.3m | $3.4m | $2.3m | $1.8m | $1.7m | $1.4m | $1.1m | |
| Depreciation | $21.4m | $21.6m | $20.3m | $18.2m | $19.1m | $17.9m | $15.3m | $13.7m | $9.6m | $8.9m | |
| Deferred Income Tax Expense (Benefit) | $1.9m | ($2.5m) | ($1.2m) | $2.1m | ($3.6m) | $889k | $5.4m | $0 | $0 | $0 | |
| Share-based Payment Arrangement, Noncash Expense | $6.3m | $7.5m | $8.6m | $11.9m | $9.9m | $8.2m | $7.9m | $6.8m | $7.7m | $8.9m | |
| Goodwill and Intangible Asset Impairment | — | — | $18.0m | $0 | $38.5m | $0 | $18.3m | $12.3m | $0 | $0 | |
| Goodwill, Impairment Loss | — | — | ($17.3m) | — | ($32.9m) | — | $18.3m | $12.3m | — | $0 | |
| Impairment of Intangible Assets, Finite-lived | — | — | $700k | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | $1.5m | $0 | $0 | $0 | $0 | — | |
| Operating Lease, Impairment Loss | — | — | — | — | $3.2m | $500k | — | — | — | — | |
| Gain (Loss) on Disposition of Business | — | — | — | $427k | $0 | $0 | — | — | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | $39k | $142k | $662k | $854k | $767k | $1.2m | $33.1m | $2.8m | $4.9m | ($8k) | |
| Income Tax Expense (Benefit) | $14.1m | $2.3m | ($668k) | $10.4m | ($3.6m) | ($12.0m) | $5.6m | ($400k) | ($36k) | $464k | |
| Other Nonoperating Income (Expense) | ($567k) | ($334k) | $550k | $611k | $308k | $1.9m | $32.4m | $1.9m | $4.9m | ($64k) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | ($4.2m) | $11.9m | ($5.5m) | $15.4m | ($56.6m) | $11.1m | $6.6m | ($8.7m) | $12.1m | $48.8m | |
| Increase (Decrease) in Inventories | ($606k) | ($198k) | $1.4m | $2.9m | ($1.6m) | ($882k) | $2.6m | ($2.5m) | $1.4m | ($2.9m) | |
| Increase (Decrease) in Accounts Payable | $14.7m | ($37.0m) | ($25.9m) | $32.7m | ($38.9m) | ($12.4m) | $13.7m | $1.2m | ($10.4m) | $14.8m | |
| Goodwill | $78.3m | $113.5m | $96.2m | $93.4m | $60.4m | $60.6m | $42.1m | $29.1m | $29.0m | $29.0m | |
| Investment Income, Interest | $190k | $132k | $381k | $1.2m | $1.3m | $126k | $90k | $290k | $1.3m | $6.7m | |
| Proceeds from Stock Options Exercised | $638k | $253k | $317k | $128k | $0 | $349k | $199k | $0 | $0 | — | |
| Restructuring Costs | — | — | — | — | — | — | — | — | $501k | $3.6m | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | — | $1.4b | $1.1b | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $30.3m | ($18.7m) | $74.7m | $41.4m | $44.1m | ($3.0m) | ($54.2m) | $10.2m | $72.6m | $117.5m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $13.9m | $11.9m | $8.7m | $19.6m | $18.5m | $4.4m | $3.3m | $9.0m | $7.0m | $7.7m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $13.0m | $40.8m | $1.7m | $0 | $0 | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($26.6m) | ($51.4m) | ($9.3m) | ($14.4m) | ($17.1m) | ($2.3m) | $35.7m | ($2.5m) | ($945k) | ($7.4m) | |
| Cash flows from financing activities: | |||||||||||
| Repayments of Long-term Debt | $1.9m | $0 | $0 | — | — | — | — | — | — | — | |
| Payments for Repurchase of Common Stock | $10.5m | $0 | $0 | $5.2m | $17.0m | $0 | $0 | $310k | $456k | $1.2m | |
| Proceeds from Noncontrolling Interests | $10.9m | $855k | $0 | $0 | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | ($10.6m) | $42.7m | ($45.3m) | ($1.1m) | ($16.0m) | ($12.3m) | $12.7m | ($5.1m) | ($10.4m) | ($1.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | $10.3m | ($16.2m) | ($6.5m) | $2.4m | $60.8m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | $89.7m | $83.9m | $77.4m | $79.8m | $140.6m | $249.6m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $881k | $1.8m | $2.7m | $1.7m | $2.1m | $1.8m | $2.8m | $2.1m | $880k | $395k | |
| Income Taxes Paid, Net | $9.4m | $12.0m | $1.4m | $3.3m | $6.4m | $451k | ($2.9m) | ($13.3m) | ($165k) | $328k |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.