← NOVAVAX INC
| 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 From Continuing Operations | — | — | — | — | — | — | ($657.9m) | ($545.1m) | ($187.5m) | $440.3m | |
| Net Income (Loss) Attributable to Parent | ($280.0m) | ($183.8m) | ($184.7m) | ($132.7m) | ($418.3m) | ($1.7b) | ($657.9m) | ($545.1m) | ($187.5m) | $440.3m | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($280.0m) | ($183.8m) | ($184.7m) | ($132.7m) | ($418.3m) | ($1.7b) | ($657.9m) | ($545.1m) | ($187.5m) | $440.3m | |
| Depreciation, Depletion and Amortization | $8.5m | $7.6m | $7.4m | $5.1m | $4.3m | $12.5m | $29.1m | $41.0m | $48.0m | $28.0m | |
| Amortization of Debt Issuance Costs | $1.3m | $1.4m | $1.4m | $1.4m | $1.4m | $1.4m | — | — | — | — | |
| Amortization of Debt Issuance Costs and Discounts | — | — | — | — | — | — | $1.5m | $1.7m | $1.7m | $1.7m | |
| Amortization of Intangible Assets | $800k | $2.2m | $700k | $700k | $600k | $400k | — | — | — | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $29.1m | $41.2m | $48.5m | $27.6m | |
| Share-based Payment Arrangement, Noncash Expense | $19.2m | $19.8m | $18.3m | $17.0m | $128.0m | $183.6m | $130.3m | $85.4m | $48.2m | $36.0m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | $39.1m | — | — | — | — | — | |
| Share-based Payment Arrangement, Expense | $19.2m | $19.8m | $18.3m | $17.0m | $128.0m | $183.6m | $130.3m | $85.4m | $48.2m | $36.0m | |
| Gain (Loss) on Sale of Assets and Asset Impairment Charges | $0 | $0 | ($4.4m) | $9.0m | $0 | $0 | — | $0 | $0 | — | |
| Goodwill, Impairment Loss | — | — | — | $0 | — | — | — | $0 | $0 | $0 | |
| Asset Impairment Charge | — | — | — | — | — | — | $0 | $10.1m | $4.1m | $102.7m | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | — | $0 | $0 | $51.9m | $0 | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($374k) | ($269k) | $55k | ($88k) | — | — | — | — | — | — | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | — | — | $0 | $0 | ($28.7m) | |
| Income Tax Expense (Benefit) | — | — | — | — | — | $29.2m | $4.3m | $2.0m | $10.9m | $1.9m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $20.1m | $22.5m | |
| Other Nonoperating Income (Expense) | ($31k) | $67k | $108k | ($13k) | $12.6m | ($8.2m) | $11.0m | $37.9m | $40.4m | $40.6m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | ($2.1m) | — | — | — | — | — | — | — | — | — | |
| Increase (Decrease) in Inventories | — | — | — | — | — | — | $477.8m | $74.5m | ($12.9m) | $3.2m | |
| Proceeds from Stock Options Exercised | $3.8m | $1.2m | $2.7m | $992k | $44.5m | $24.8m | — | — | — | — | |
| General and Administrative Expense | $46.5m | $34.5m | $34.4m | $34.4m | $145.3m | $298.4m | $488.7m | $468.9m | — | — | |
| Goodwill | $51.7m | $53.6m | $52.0m | $51.2m | $135.4m | $131.5m | $126.3m | $127.5m | $107.5m | $113.5m | |
| Inventory Write-down | — | — | — | — | — | — | ($79.2m) | $72.4m | $21.0m | $1.9m | |
| Investment Income, Interest | — | — | — | — | — | — | — | — | — | $29.5m | |
| Restructuring Costs | $3.6m | — | — | — | — | — | — | — | — | — | |
| Beginning Cash Position | — | — | — | — | — | — | $1.5b | $1.3b | $583.8m | $545.3m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $325.0m | $4.5m | $260.6m | $27.7m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($93.0m) | ($58.8m) | ($204.0m) | ($78.3m) | |
| Change In Account Payable | — | — | — | — | — | — | $913.4m | ($378.8m) | ($385.6m) | ($322.6m) | |
| Change In Inventory | — | — | — | — | — | — | ($477.8m) | ($74.5m) | $12.9m | ($3.2m) | |
| Change In Other Working Capital | — | — | — | — | — | — | ($1.0b) | $350.9m | $67.1m | ($622.9m) | |
| Change In Payable | — | — | — | — | — | — | $913.4m | ($378.8m) | ($385.6m) | ($322.6m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $913.4m | ($378.8m) | ($385.6m) | ($322.6m) | |
| Change In Receivables | — | — | — | — | — | — | $249.2m | ($274.4m) | $354.1m | $61.0m | |
| Change In Working Capital | — | — | — | — | — | — | ($361.1m) | ($376.8m) | $48.5m | ($887.7m) | |
| Changes In Account Receivables | — | — | — | — | — | — | $249.2m | ($274.4m) | $354.1m | $61.0m | |
| Changes In Cash | — | — | — | — | — | — | ($183.9m) | ($768.3m) | ($30.7m) | ($295.2m) | |
| End Cash Position | — | — | — | — | — | — | $1.3b | $583.8m | $545.3m | $256.1m | |
| Financing Cash Flow | — | — | — | — | — | — | $325.0m | $4.5m | $260.6m | $27.7m | |
| Free Cash Flow | — | — | — | — | — | — | ($508.9m) | ($772.8m) | ($101.9m) | ($251.0m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($93.0m) | ($58.8m) | ($204.0m) | ($78.3m) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $249.2m | $360.2m | $263.3m | $0 | |
| Net Business Purchase And Sale | — | — | — | — | — | $0 | $0 | — | — | — | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | ($3.9m) | ($5.0m) | ($1.6m) | ($828k) | |
| Net Preferred Stock Issuance | — | — | — | — | — | $0 | $0 | — | — | — | |
| Operating Gains Losses | — | — | — | — | — | — | — | — | ($51.9m) | $28.7m | |
| Other Non Cash Items | — | — | — | — | — | — | ($3.8m) | ($929k) | ($18.0m) | $5.8m | |
| Preferred Stock Issuance | — | — | — | — | — | $0 | $0 | — | — | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | ($639k) | $159k | $1.3m | ($4.8m) | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $447.6m | $72.2m | $21.0m | $1.9m | |
| Purchase Of Business | — | — | — | — | — | $0 | $0 | — | — | — | |
| Purchase Of Intangibles | — | — | — | — | — | ($3.0m) | ($3.9m) | — | — | — | |
| Stock Based Compensation | — | — | — | — | — | — | $130.3m | $85.4m | $48.2m | $36.0m | |
| Net Cash Provided by (Used in) Operating Activities | ($255.5m) | ($138.7m) | ($184.8m) | ($136.6m) | ($42.5m) | $322.9m | ($415.9m) | ($714.0m) | ($87.3m) | ($244.6m) | |
| Cash flows from investing activities: | |||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($93.0m) | ($58.8m) | ($14.6m) | ($6.4m) | |
| Capital Expenditure Reported | $18.2m | $4.2m | $1.4m | $1.9m | $54.6m | $57.5m | ($89.1m) | ($53.8m) | ($13.1m) | ($5.6m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | $165.5m | $0 | $0 | — | — | — | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $0 | $0 | ($382.0m) | ($91.5m) | |
| Purchase Of Investment | — | — | — | — | — | — | $0 | $0 | ($825.6m) | ($445.3m) | |
| Sale Of Investment | — | — | — | — | — | — | $0 | $0 | $443.6m | $353.7m | |
| Net Other Investing Changes | — | — | — | — | — | — | — | — | $192.6m | $19.7m | |
| Net Cash Provided by (Used in) Investing Activities | $28.0m | $36.0m | $28.6m | $38.5m | ($377.8m) | $100.2m | ($93.0m) | ($58.8m) | ($204.0m) | ($78.3m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $402.8m | $258.2m | $150.1m | $39.5m | $205.6m | $159.8m | $0 | $0 | $443.6m | $353.7m | |
| Issuance Of Debt | — | — | — | — | — | — | $175.2m | $0 | $0 | $42.6m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $175.2m | $0 | $0 | $42.6m | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $81.7m | ($352.3m) | ($4.0m) | $32.5m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $81.7m | ($352.3m) | ($4.0m) | $32.5m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($93.6m) | ($352.3m) | ($4.0m) | ($10.1m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($93.6m) | ($352.3m) | ($4.0m) | ($10.1m) | |
| Proceeds from Issuance of Common Stock | $0 | $63.4m | $100.1m | $97.4m | $875.6m | $564.9m | $249.2m | $360.2m | $263.3m | $0 | |
| Common Stock Issuance | — | — | — | — | — | — | $249.2m | $360.2m | $263.3m | $0 | |
| Net Common Stock Issuance | — | — | — | — | — | — | $249.2m | $360.2m | $263.3m | $0 | |
| Net Other Financing Charges | — | — | — | — | — | — | ($5.3m) | ($3.6m) | — | — | |
| Net Cash Provided by (Used in) Financing Activities | $279.0m | $64.5m | $102.8m | $98.4m | $984.8m | $461.7m | $325.0m | $4.5m | $260.6m | $27.7m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($335k) | $142k | ($48k) | ($32k) | $2.1m | ($5.3m) | $4.5m | $3.3m | ($7.8m) | $5.9m | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | $4.5m | $3.3m | ($7.8m) | $5.9m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($335k) | $142k | ($53.5m) | $221k | $566.6m | $879.5m | ($179.4m) | ($765.0m) | ($38.5m) | ($289.2m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($335k) | $142k | $82.0m | $82.2m | $648.7m | $1.5b | $1.3b | $583.8m | $545.3m | $256.1m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($179.4m) | ($765.0m) | ($38.5m) | ($289.2m) | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $12.2m | $12.2m | $12.2m | $13.7m | $19.4m | $18.0m | $17.3m | $17.6m | $15.0m | |
| Income Taxes Paid, Net | — | — | — | $0 | $0 | $12.6m | $18.0m | $190k | $949k | $8.8m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.