← UNIVERSAL DISPLAY CORP \PA\

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 $48.1m $103.9m $58.8m $138.3m $133.4m $184.2m $210.1m $203.0m $222.1m $242.1m
Net Income (Loss) Available to Common Stockholders, Basic $47.3m $102.2m $58.1m $137.2m $132.4m $183.1m $208.8m $202.0m $221.6m $241.9m
Amortization of Intangible Assets $16.5m $22.0m $22.0m $22.0m $22.0m $22.0m $17.5m $16.0m $18.2m $18.2m
Depreciation $4.3m $4.9m $8.6m $12.5m $15.2m $20.0m $24.8m $27.4m $25.9m $28.4m
Deferred Income Tax Expense (Benefit) $3.1m $24.4m ($12.8m) ($5.8m) ($4.4m) $1.7m ($26.9m) ($3.8m) ($19.1m) ($1.0m)
Share-based Payment Arrangement, Noncash Expense $11.4m $12.3m $12.4m $16.1m $26.6m $34.9m $28.4m $22.3m $30.0m $28.2m
Payment, Tax Withholding, Share-based Payment Arrangement $4.9m $9.4m $11.6m $16.0m $14.4m $14.9m $9.2m $8.2m $8.4m $9.6m
Share-based Payment Arrangement, Expense $0 $0 $0 $0 — — — — — —
Equity Method Investment, Other than Temporary Impairment — — — — — — $3.0m — — —
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Restructuring Costs and Asset Impairment Charges — — — — — — — — $7.5m $1.6m
Income Tax Expense (Benefit) $20.5m $45.7m $5.5m $31.6m $30.2m $44.0m $58.2m $42.2m $50.0m $52.7m
Other Nonoperating Income (Expense) ($1.9m) ($4k) ($83k) $767k $864k $98k ($6.7m) ($184k) ($7.4m) $6.5m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable ($1.2m) $27.4m ($9.2m) $17.3m $21.8m $25.4m ($15.0m) $47.2m ($26.2m) $6.3m
Goodwill $15.5m $15.5m $15.5m $15.5m $15.5m $15.5m $15.5m $15.5m $15.5m $15.5m
Inventory Write-down — — $3.6m $5.9m $1.1m $3.6m $3.6m $8.5m $3.1m $376k
Nonoperating Income (Expense) $185k $3.3m $7.6m $11.6m $6.0m $603k $1.1m $28.0m $33.3m $46.2m
Operating Expenses $104.2m $134.7m $137.1m $171.5m $185.9m $210.9m $221.6m $223.9m $260.4m $247.9m
Net Cash Provided by (Used in) Operating Activities $80.3m $133.4m $121.8m $193.9m $148.8m $191.1m $126.8m $154.8m $253.7m $210.8m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $7.3m $29.8m $25.4m $30.1m $28.0m $43.2m $42.5m $59.8m $42.6m $56.5m
Payments to Acquire Businesses, Net of Cash Acquired $33.4m — — — — — — — — —
Net Cash Provided by (Used in) Investing Activities ($38.5m) ($125.6m) ($21.0m) ($238.7m) $391.3m ($457.8m) ($280.7m) ($83.3m) ($164.4m) ($45.5m)
Cash flows from financing activities:
Proceeds from Issuance of Common Stock $439k $734k $798k $889k $1.2m $1.5m $1.6m $2.0m $2.2m $2.0m
Payments for Repurchase of Common Stock — — $477k $649k — $0 — — — $32.9m
Payments of Ordinary Dividends, Common Stock — $5.7m $11.3m $18.9m $28.4m $38k $57.0m $66.7m $76.2m $85.5m
Payments of Dividends — $5.7m $11.3m $18.9m $28.4m $37.9m $57.0m $66.7m $76.2m $85.5m
Net Cash Provided by (Used in) Financing Activities ($14k) ($14.3m) ($22.6m) ($34.6m) ($41.7m) ($51.4m) ($64.6m) ($72.9m) ($82.3m) ($126.0m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — ($79.4m) $498.4m ($318.0m) ($218.6m) ($1.4m) $7.0m $39.4m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $131.6m $630.0m $312.0m $93.4m $92.0m $99.0m $138.4m
Supplemental disclosure of cash flow information:
Income Taxes Paid, Net $12.9m $23.2m $17.8m $46.6m $36.3m $52.6m $72.3m $96.2m $72.0m $71.4m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.