← PATRICK INDUSTRIES 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 (Loss) Attributable to Parent | $55.6m | $85.7m | $119.8m | $89.6m | $97.1m | $224.9m | $328.2m | $142.9m | $138.4m | $135.1m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $55.6m | $85.7m | $119.8m | $89.6m | $97.1m | $224.9m | $328.2m | $142.9m | $138.4m | $135.1m | |
| Depreciation, Depletion and Amortization | $24.4m | $33.5m | $55.1m | $62.8m | $73.3m | $104.8m | $130.8m | $144.5m | $166.5m | $170.2m | |
| Depreciation | $24.4m | $33.5m | $20.8m | $26.9m | $32.3m | $48.5m | $57.5m | $65.8m | $70.2m | $72.9m | |
| Amortization of Debt Issuance Costs | $0 | $0 | $5.9m | $7.0m | $16.0m | $8.0m | $1.9m | $1.1m | $3.3m | $3.3m | |
| Amortization of Intangible Assets | $13.4m | $19.4m | $34.2m | $35.9m | $40.9m | $56.3m | $73.2m | $78.7m | $96.3m | $97.3m | |
| Deferred Income Tax Expense (Benefit) | ($560k) | ($6.5m) | $759k | $5.6m | $8.1m | ($3.9m) | ($9.3m) | ($591k) | ($6.5m) | $35.5m | |
| Share-based Payment Arrangement, Noncash Expense | $6.5m | $10.4m | $14.0m | $15.4m | $7.2m | $22.9m | $21.8m | $19.4m | $16.8m | $19.1m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $1.7m | $4.8m | $2.7m | $3.4m | $3.7m | $17.8m | $10.2m | $12.1m | $17.3m | $10.9m | |
| Share-based Payment Arrangement, Expense | $6.5m | $10.4m | $14.0m | $15.4m | $16.0m | $22.9m | $21.8m | $19.4m | $16.8m | $19.1m | |
| Goodwill and Intangible Asset Impairment | $0 | $0 | — | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | $1.9m | — | — | — | — | — | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | — | $0 | $0 | ($2.5m) | $0 | |
| Gain (Loss) on Disposition of Property Plant Equipment | $279k | $1.2m | $6.5m | $4.4m | $91k | $583k | $5.6m | ($585k) | $237k | ($2.1m) | |
| Income Tax Expense (Benefit) | $28.1m | $27.4m | $32.1m | $28.3m | $33.3m | $68.9m | $107.2m | $48.4m | $40.2m | $42.0m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Inventories | $12.5m | $35.3m | ($92k) | ($19.7m) | $34.6m | $232.5m | $11.9m | ($162.2m) | $1.9m | $25.0m | |
| Proceeds from Stock Options Exercised | $1.9m | $926k | $900k | $7k | $600k | $5.0m | $195k | $1.4m | $21k | $0 | |
| Accretion Expense | — | — | — | $700k | $200k | — | — | — | — | — | |
| Goodwill | $109.9m | $208.0m | $281.7m | $319.3m | $395.8m | $551.4m | $629.3m | $637.4m | $797.2m | $840.1m | |
| Operating Expenses | $111.6m | $157.0m | $237.5m | $268.4m | $285.6m | $449.5m | $563.8m | $522.0m | $577.9m | $636.9m | |
| Payments of Financing Costs | $417k | $997k | $7.6m | $7.2m | $58k | $15.7m | $2.5m | $0 | $9.2m | $0 | |
| Net Cash Provided by (Used in) Operating Activities | $97.1m | $99.9m | $200.0m | $192.4m | $160.2m | $252.1m | $411.7m | $408.7m | $326.8m | $329.4m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $15.4m | $22.5m | $34.5m | $27.7m | $32.1m | $64.8m | $79.9m | $59.0m | $75.7m | $82.9m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $138.8m | $251.9m | $343.3m | $56.0m | $306.0m | $508.1m | $248.9m | $25.9m | $411.7m | $121.7m | |
| Payments for (Proceeds from) Other Investing Activities | $27k | $23k | — | — | — | $2.0m | $305k | $3.1m | $27.8m | $4.6m | |
| Net Cash Provided by (Used in) Investing Activities | ($154.0m) | ($273.1m) | ($371.4m) | ($79.2m) | ($337.9m) | ($574.7m) | ($321.5m) | ($86.5m) | ($512.8m) | ($206.5m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $29.0m | $0 | $37.0m | $7.5m | — | — | — | — | — | — | |
| Proceeds from Issuance of Common Stock | $1.9m | $93.3m | $0 | $0 | $643k | $5.0m | $195k | $1.4m | $21k | $0 | |
| Payments for Repurchase of Common Stock | $5.2m | $0 | $107.6m | $3.8m | $23.1m | $48.9m | $77.1m | $18.8m | $4.7m | $32.0m | |
| Dividends paid | — | — | — | $5.8m | $23.6m | $27.0m | $32.9m | $42.1m | $50.2m | $55.3m | |
| Proceeds from (Payments for) Other Financing Activities | ($24k) | ($64k) | ($10k) | $7k | $643k | — | — | ($150k) | $123k | ($584k) | |
| Net Cash Provided by (Used in) Financing Activities | $63.2m | $169.6m | $175.5m | $19.3m | $83.1m | $400.7m | ($190.3m) | ($333.6m) | $208.2m | ($130.1m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | ($3.7m) | $4.1m | $132.5m | ($94.6m) | $78.1m | ($100.0m) | ($11.4m) | $22.2m | ($7.1m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $6.9m | $139.4m | $44.8m | $122.8m | $22.8m | $11.4m | $33.6m | $26.4m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Income Taxes Paid, Net | ($1.7m) | ($4.8m) | ($2.7m) | ($3.4m) | ($3.7m) | ($17.8m) | ($10.2m) | ($12.1m) | ($17.3m) | $23.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.