← NAPCO SECURITY TECHNOLOGIES, INC

	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	$5.8m	$5.6m	$7.6m	$12.2m	$8.5m	$15.4m	$19.6m	$27.1m	$49.8m	$43.4m
Net Income (Loss) Available to Common Stockholders, Basic	$5.8m	$5.6m	$7.6m	$12.2m	$8.5m	$14.9m	$19.6m	$27.1m	$49.8m	$43.4m
Depreciation, Depletion and Amortization	$878k	$920k	$1.0m	$1.1m	$1.2m	$1.3m	$1.4m	$1.6m	$1.8m	$2.0m
Amortization of Intangible Assets	$529k	$441k	$371k	$313k	$264k	$425k	$391k	$361k	$337k	$315k
Deferred Income Tax Expense (Benefit)	$375k	$361k	$80k	—	$40k	$337k	($214k)	($2.8m)	($2.8m)	($1.0m)
Share-based Payment Arrangement, Noncash Expense	$103k	$102k	$146k	$160k	$583k	$435k	$1.6m	$1.5m	$1.7m	$1.5m
Share-based Payment Arrangement, Expense	$103k	$102k	$146k	$160k	$583k	$435k	$1.6m	$1.5m	$1.7m	$1.5m
Impairment of Intangible Assets (Excluding Goodwill)	—	—	—	—	$1.9m	—	—	—	—	—
Marketable Securities, Gain (Loss), Excluding Other-than-temporary Impairment Loss	—	—	—	—	—	$9k	$426k	$68k	$262k	($177k)
Marketable Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment Loss	—	—	—	—	—	—	—	$147k	$207k	$56k
Gain (Loss) on Disposition of Property Plant Equipment	—	—	—	—	—	—	—	$15k	—	—
Gain (Loss) on Extinguishment of Debt	—	—	—	—	—	—	$3.9m	—	—	—
Income Tax Expense (Benefit)	$371k	$696k	$684k	$1.2m	$2.3m	$2.5m	$2.2m	$4.1m	$6.6m	$6.7m
Operating Lease, Expense	—	—	—	—	—	$316k	$319k	$458k	$512k	$486k
Other Nonoperating Income (Expense)	$0	$0	—	—	—	—	—	—	—	—
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable	$988k	$1.3m	$2.5m	$1.4m	($2.8m)	$5.0m	$1.2m	($3.3m)	$5.7m	($1.8m)
Increase (Decrease) in Inventories	($2.0m)	$4.8m	($857k)	$6.0m	$6.8m	($8.8m)	$19.3m	($1.9m)	$3.3m	($8.0m)
Equipment Expense	—	—	$51.0m	$55.2m	$53.4m	—	—	—	—	—
Equity Securities, FV-NI, Gain (Loss)	—	—	—	—	—	$9k	$426k	$80k	($56k)	$453k
Equity Securities, FV-NI, Realized Gain (Loss)	—	—	—	—	—	—	—	—	—	$276k
Equity Securities, FV-NI, Unrealized Gain (Loss)	—	—	—	—	—	$9k	$426k	$80k	($56k)	$177k
Foreign Currency Transaction Gain (Loss), before Tax	—	—	—	—	$0	$0	$0	$0	$0	$0
Inventory Write-down	($455k)	($457k)	$788k	($272k)	($124k)	($79k)	$1.2m	($445k)	$1.7m	$643k
Marketable Securities, Unrealized Gain (Loss)	—	—	—	—	—	($9k)	($426k)	($80k)	$55k	$177k
Nonoperating Income (Expense)	($179k)	($83k)	—	—	—	—	—	—	—	—
Operating Expenses	—	—	—	$30.4m	$32.8m	$32.8m	$40.9m	$42.9m	$47.9m	$54.8m
Proceeds from Stock Options Exercised	—	$49k	$106k	$53k	$80k	—	$155k	$85k	$427k	$54k
Revenue from Contract with Customer, Including Assessed Tax	—	—	$12.0m	$17.4m	$24.0m	$114.0m	$143.6m	$170.0m	$188.8m	$181.6m
Unrealized Gain (Loss) on Investments	—	—	—	—	—	($9k)	$426k	$80k	$56k	($177k)
Net Cash Provided by (Used in) Operating Activities	$9.2m	$2.4m	$7.9m	$8.7m	$10.3m	$23.0m	$8.3m	$24.7m	$45.4m	$53.5m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment	$693k	$1.4m	$1.3m	$2.0m	$1.6m	$1.0m	$1.5m	$3.0m	$1.6m	$2.1m
Net Cash Provided by (Used in) Investing Activities	($693k)	($1.4m)	($1.3m)	($2.0m)	($1.6m)	($6.4m)	($1.6m)	($28.3m)	($3.2m)	$14.6m
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt	$0	$1.5m	$0	—	$3.9m	—	—	—	—	—
Repayments of Long-term Debt	$5.9m	$2.8m	$3.5m	—	—	—	—	—	—	—
Payments for Repurchase of Common Stock	$1.1m	$0	$1.3m	$4.0m	$2.5m	—	—	—	—	$36.8m
Dividends paid	—	—	—	—	—	—	—	$2.3m	$13.3m	$13.6m
Dividends Payable, Current	—	—	—	—	—	—	—	—	—	$5.0m
Net Cash Provided by (Used in) Financing Activities	($7.0m)	($1.4m)	($4.7m)	($3.9m)	$1.5m	—	$155k	($2.2m)	($12.8m)	($50.4m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	—	—	$1.9m	$2.7m	$10.2m	$16.6m	$6.9m	($5.8m)	$29.4m	$17.7m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	—	—	—	—	$18.2m	$34.8m	$41.7m	$36.0m	$65.3m	$83.1m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities	$184k	$88k	$82k	$23k	$29k	$18k	$16k	$16k	$14k	—
Income Taxes Paid, Net	$0	$54k	$186k	$262k	$749k	$2.0m	$2.2m	$8.8m	$9.3m	$8.4m