← Ingevity Corp
| 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 | $35.2m | $126.5m | $169.1m | $183.7m | $181.4m | $118.1m | $211.6m | ($5.4m) | ($430.3m) | ($167.1m) | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $44.4m | $145.2m | $181.8m | $183.7m | $181.4m | $118.1m | $211.6m | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | — | — | ($150.3m) | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | — | — | ($16.8m) | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $9.2m | $18.7m | $12.7m | $0 | $0 | — | — | — | — | — | |
| Depreciation, Depletion and Amortization | $38.8m | $40.4m | $57.0m | $85.0m | $100.2m | $109.9m | $108.8m | $122.8m | $108.3m | $106.4m | |
| Amortization of Intangible Assets | $3.5m | $2.4m | $12.3m | $28.7m | $32.6m | $33.2m | $33.6m | $79.3m | $54.3m | $30.6m | |
| Depreciation | $33.2m | $35.5m | $41.9m | $52.3m | $61.2m | $70.6m | $70.9m | $81.5m | $71.6m | $66.9m | |
| Deferred Income Tax Expense (Benefit) | ($1.9m) | ($25.7m) | $900k | $14.8m | $16.2m | ($4.6m) | ($5.0m) | ($44.7m) | ($121.4m) | ($4.9m) | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | — | $8.4m | — | — | — | — | — | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $300k | $1.2m | $2.5m | $14.3m | $3.2m | $2.4m | $2.2m | $4.8m | $3.1m | $3.7m | |
| Share-based Payment Arrangement, Expense | $4.7m | $10.1m | $12.5m | $12.3m | $8.4m | $12.3m | $16.1m | $10.6m | $11.9m | $18.3m | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | $0 | $1.4m | — | $0 | $0 | $0 | $0 | |
| Gain (Loss) on Sale of Assets and Asset Impairment Charges | ($1.5m) | ($2.2m) | ($900k) | ($1.4m) | ($600k) | ($1.2m) | ($2.5m) | — | — | — | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $349.1m | $183.8m | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | — | — | — | — | — | $116.6m | |
| Operating Lease, Impairment Loss | — | — | — | — | ($1.7m) | — | — | — | — | — | |
| Gain (Loss) on Disposition of Assets | $0 | $0 | $600k | $400k | $0 | $0 | — | — | — | — | |
| Income Tax Expense (Benefit) | $42.6m | $29.6m | $40.0m | $44.2m | $53.7m | $44.7m | $58.0m | ($4.7m) | ($105.3m) | $8.2m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $97.8m | $78.3m | |
| Other Nonoperating Income (Expense) | $3.2m | ($500k) | ($1.0m) | $4.3m | $4.1m | ($79.9m) | $1.7m | ($5.7m) | ($169.8m) | ($25.0m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | ($5.7m) | $9.5m | $3.0m | $15.3m | ($2.8m) | $13.8m | $42.1m | ($42.7m) | ($38.2m) | ($12.2m) | |
| Increase (Decrease) in Inventories | $2.2m | $6.6m | $26.9m | ($500k) | ($26.2m) | $55.8m | $63.7m | $75.6m | ($86.2m) | ($40.2m) | |
| Increase (Decrease) in Accounts Payable | — | — | — | — | — | — | — | — | ($63.4m) | ($2.6m) | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | $0 | $0 | — | — | — | — | — | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | ($300k) | $100k | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | ($1.2m) | ($2.0m) | ($200k) | $5.8m | ($2.5m) | ($2.3m) | ($3.7m) | ($4.2m) | $600k | |
| Goodwill | $12.4m | $12.4m | $130.7m | $436.4m | $445.3m | $442.0m | $518.5m | $527.5m | $175.2m | $4.3m | |
| Inventory Write-down | — | — | — | — | — | — | — | $19.7m | $6.3m | — | |
| Investment Income, Interest | — | — | — | $7.7m | $4.9m | $4.0m | $7.5m | $6.3m | $7.7m | $5.2m | |
| Proceeds from Contributions from Parent | $51.9m | $0 | $0 | — | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | — | $500k | $2.1m | $4.1m | $3.6m | $4.7m | $4.1m | $4.7m | $0 | $1.4m | |
| Stock or Unit Option Plan Expense | $1.6m | $300k | $100k | — | — | — | — | — | — | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($1.0m) | ($100k) | — | — | — | — | — | — | — | — | |
| Other Operating Income (Expense), Net | — | — | — | — | — | — | — | — | ($169.8m) | ($25.0m) | |
| Net Cash Provided by (Used in) Operating Activities | $127.9m | $174.3m | $252.0m | $275.7m | $352.4m | $293.0m | $313.1m | $205.1m | $128.6m | $331.2m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $56.7m | $52.6m | $93.9m | $114.8m | $82.1m | $103.8m | $142.5m | $109.8m | $77.6m | $57.7m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $315.5m | $537.9m | $0 | $0 | $344.5m | $0 | $0 | — | |
| Payments to Acquire Investments | — | — | — | — | — | — | — | — | $300k | — | |
| Gain (Loss) on Sale of Investments | — | — | — | — | — | — | — | — | ($11.4m) | ($26.2m) | |
| Payments for (Proceeds from) Other Investing Activities | $0 | $3.0m | $4.7m | $3.6m | $2.7m | $1.5m | $4.2m | ($3.4m) | $1.6m | $0 | |
| Net Cash Provided by (Used in) Investing Activities | ($126.4m) | ($58.6m) | ($414.4m) | ($658.3m) | ($110.6m) | ($140.6m) | ($553.9m) | ($77.3m) | ($79.5m) | ($57.5m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $300.0m | $75.0m | $300.0m | — | — | — | — | — | $404.5m | $291.3m | |
| Repayments of Long-term Debt | $0 | $0 | — | — | $389.1m | $23.4m | $628.1m | $0 | $0 | — | |
| Payments for Repurchase of Common Stock | — | $6.6m | $47.4m | $6.4m | $88.0m | $109.4m | $145.2m | $92.1m | $0 | $56.3m | |
| Proceeds from (Payments for) Other Financing Activities | — | — | $0 | $2.3m | $0 | $0 | ($800k) | $0 | $0 | — | |
| Net Cash Provided by (Used in) Financing Activities | ($3.4m) | ($57.8m) | $153.7m | $369.2m | ($50.2m) | ($133.1m) | $48.1m | ($99.9m) | ($70.2m) | ($252.2m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $400k | ($500k) | ($1.4m) | $200k | $2.2m | ($1.7m) | ($6.0m) | ($300k) | ($4.2m) | $4.5m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($1.9m) | $57.4m | ($10.1m) | ($13.2m) | $193.8m | $17.6m | ($198.7m) | $27.6m | ($25.3m) | $26.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($1.9m) | $57.9m | $77.8m | $64.6m | $258.4m | $276.0m | $77.3m | $111.9m | $86.6m | $112.6m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $15.1m | $16.0m | $26.0m | $48.0m | $39.6m | $47.5m | $54.8m | $82.7m | $85.4m | $70.4m | |
| Income Taxes Paid, Net | $22.4m | $61.9m | $34.8m | $14.9m | $46.6m | $53.7m | $54.8m | $29.7m | $26.9m | $10.9m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.