← NRC HEALTH

	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	$20.5m	$22.9m	$30.0m	$32.4m	$37.3m	$37.5m	$31.8m	$31.0m	$24.8m	$11.6m
Net Income (Loss) Available to Common Stockholders, Basic	$20.5m	$22.9m	$30.0m	$32.4m	$37.3m	$37.5m	$31.8m	$31.0m	$24.8m	$11.3m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	—	—	$30.0m	$32.4m	$37.3m	$37.5m	$31.8m	$31.0m	$24.8m	$11.6m
Depreciation and amortization	$4.2m	$4.6m	$5.5m	$5.5m	—	—	—	$5.9m	$6.0m	$7.6m
Amortization of Debt Issuance Costs	—	—	—	—	—	—	—	$39k	$28k	$102k
Amortization of Intangible Assets	$654k	$610k	$662k	$374k	$318k	$320k	$180k	$140k	$264k	$389k
Deferred Income Tax Expense (Benefit)	$865k	($684k)	$1.5m	$1.1m	($134k)	($277k)	($1.7m)	($1.1m)	($664k)	$2.5m
Share-based Payment Arrangement, Noncash Expense	$1.9m	$1.8m	$1.5m	$1.2m	$680k	$623k	$1.2m	$935k	$284k	$3.3m
Payment, Tax Withholding, Share-based Payment Arrangement	$204k	$1.7m	$1.9m	$1.1m	$2.8m	$721k	$190k	$0	$317k	$407k
Goodwill, Impairment Loss	$0	$0	$0	$0	$714k	$0	$0	$0	$0	$0
Impairment of Intangible Assets (Excluding Goodwill)	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Operating Lease, Impairment Loss	—	—	—	—	—	$324k	—	—	$0	$0
Gain (Loss) on Disposition of Assets	($22k)	($26k)	($186k)	$6k	($12k)	($7k)	($11k)	$0	($17k)	($61k)
Gain (Loss) on Extinguishment of Debt	—	—	—	—	—	—	—	$0	$0	($67k)
Income Tax Expense (Benefit)	$10.8m	$11.3m	$4.7m	$8.1m	$4.2m	$11.2m	$11.0m	$9.0m	$7.9m	$6.2m
Interest Expense Nonoperating	—	—	—	—	—	—	—	—	$2.6m	$4.8m
Other Nonoperating Income (Expense)	$302k	$50k	$885k	($462k)	$585k	$4k	($118k)	($41k)	($34k)	($95k)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable	$1.0m	$2.5m	($2.8m)	($311k)	$2.3m	($343k)	$733k	($2.1m)	($1.8m)	$53k
Increase (Decrease) in Accounts Payable	($15k)	$12k	($39k)	$647k	($247k)	$4k	($589k)	$184k	($108k)	$170k
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	$223k	—	—	—	—	—	—	—	—	—
Goodwill	$57.9m	$58.0m	$57.8m	$57.9m	$57.3m	$61.6m	$61.6m	$61.6m	$66.2m	$66.2m
Investment Income, Interest	$47k	$96k	$62k	$37k	$18k	$14k	$168k	$820k	$125k	$111k
Nonoperating Income (Expense)	$159k	$64k	($566k)	($2.5m)	($1.2m)	($1.6m)	($3.7m)	($83k)	($2.5m)	($4.7m)
Operating Expenses	$78.2m	$83.3m	$84.4m	—	—	—	—	—	—	—
Proceeds from Stock Options Exercised	$548k	$0	$0	$0	$1.7m	$446k	$0	$584k	$0	$132k
Revenue from Contract with Customer, Including Assessed Tax	—	—	$119.7m	—	—	—	—	—	—	—
Net Cash Provided by (Used in) Operating Activities	$26.8m	$28.1m	$39.8m	$40.9m	$40.6m	$46.3m	$36.3m	$38.1m	$34.6m	$26.4m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment	$4.0m	$4.6m	$6.0m	$4.7m	$4.0m	$5.5m	$9.8m	$15.8m	$15.4m	$10.7m
Payments to Acquire Investments	—	$1.3m	—	—	—	—	—	—	—	—
Net Cash Provided by (Used in) Investing Activities	($3.8m)	($6.1m)	($6.0m)	($4.7m)	($3.7m)	($8.5m)	($9.8m)	($15.8m)	($20.3m)	($10.7m)
Cash flows from financing activities:
Payments for Repurchase of Common Stock	—	—	—	—	—	$4.1m	$27.6m	$19.1m	$30.9m	$20.2m
Payments of Ordinary Dividends, Common Stock	$28.6m	$16.9m	$16.9m	$31.3m	$10.5m	$9.2m	$21.0m	$36.4m	$11.5m	$11.0m
Dividends Payable, Current	$4.2m	$4.2m	$17.1m	$5.2m	—	$3.0m	$3.0m	$2.9m	$2.8m	$3.6m
Net Cash Provided by (Used in) Financing Activities	($32.5m)	($21.1m)	($54.5m)	($36.3m)	($15.5m)	($18.2m)	($55.6m)	($40.7m)	($16.8m)	($15.8m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	$285k	$855k	($1.1m)	$611k	$21.2m	$19.7m	($29.3m)	($18.4m)	($2.4m)	($94k)
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities	—	—	$1.3m	$2.0m	$1.7m	$1.6m	$1.3m	$803k	$2.4m	$4.5m
Income Taxes Paid, Net	—	$12.8m	$2.6m	$6.9m	$5.2m	$10.6m	$12.2m	$8.9m	$8.2m	—