← PDF SOLUTIONS 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 $9.1m ($1.3m) ($7.7m) ($5.4m) ($40.4m) ($21.5m) ($3.4m) $3.1m $4.1m ($640k)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — — — — ($21.5m) ($3.4m) $3.1m $4.1m —
Depreciation, Depletion and Amortization $3.6m $4.8m $5.0m $6.0m $6.7m $6.2m $5.5m $5.0m $3.6m $4.1m
Amortization of Intangible Assets $805k $869k $1.0m $1.2m $1.4m $3.3m $3.5m $1.3m $896k $3.6m
Deferred Income Tax Expense (Benefit) $216k ($504k) ($4.2m) ($4.5m) $21.0m $1.4m ($4k) ($108k) ($74k) $882k
Share-based Payment Arrangement, Noncash Expense $11.0m $11.8m $10.3m $11.4m $12.5m $12.9m $19.6m $21.5m $25.0m $25.9m
Payment, Tax Withholding, Share-based Payment Arrangement $2.3m $3.5m $2.1m $2.7m $4.5m $4.0m $6.5m $9.5m $8.5m $6.2m
Share-based Payment Arrangement, Expense $11.0m $11.8m $10.3m $11.4m $12.5m $12.9m $19.6m — — $25.9m
Goodwill and Intangible Asset Impairment — — — — — — — — — $0
Goodwill, Impairment Loss — $0 $0 $0 — — — — — —
Impairment of Intangible Assets, Finite-lived $0 $0 $0 $0 $0 $0 $0 $0 $0 —
Marketable Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment Loss — — — — — — — $0 $0 —
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property ($107k) ($6k) $230k ($130k) ($500k) $3.2m — $0 $586k ($641k)
Income Tax Expense (Benefit) $3.9m $1.3m ($1.7m) ($1.9m) $22.3m $3.2m $3.9m $1.8m $2.5m $3.8m
Interest Expense Nonoperating — — — — — — — — — $4.0m
Changes in operating assets and liabilities:
Noncash investing and financing activities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $14.6m $9.6m ($6.8m) ($10.9m) ($8.1m) $6.0m $2.1m $2.7m $28.8m $6.3m
Increase (Decrease) in Accounts Payable $85k $2.0m ($1.4m) $807k ($918k) ($86k) ($1.4m) ($2.1m) $2.8m $4.9m
Accounts Receivable, Credit Loss Expense (Reversal) ($99k) $174k ($42k) — — — — — — $168k
Proceeds from Stock Options Exercised $3.0m $2.8m $560k $1.2m $2.6m $1.9m $1.7m $492k $123k $4.2m
Purchases of property and equipment, accrued but unpaid $11.3m $10.3m $13.1m $10.6m $6.0m $3.7m $8.4m $11.2m $17.2m $32.6m
Gain (Loss) on Investments — — — — $0 $0 $0 — — —
Goodwill $215k $1.9m $1.9m $2.3m $15.8m $14.1m $14.1m $15.0m $15.0m $95.0m
Investment Income, Interest — — — — — — — $5.0m $5.6m $1.5m
Marketable Securities, Unrealized Gain (Loss) — — — — — — — $0 $0 —
Nonoperating Income (Expense) ($10k) ($264k) $493k $276k ($1.3m) $683k — — — $1.3m
Operating Expenses $50.0m $54.2m $52.9m — — — — — — —
Realized Investment Gains (Losses) — — — — — — — — — $0
Revenue from Contract with Customer, Including Assessed Tax — — $85.8m $85.6m $88.0m $111.1m $148.5m $165.8m $179.5m $219.0m
Unrealized Gain (Loss) on Derivatives $47k $27k ($67k) — — — — — — —
Unrealized Gain (Loss) on Investments — — — — — — — — — $0
Net Cash Provided by (Used in) Operating Activities $2.0m $10.5m $13.3m $24.6m $21.8m $4.2m $32.3m $14.6m $9.7m $24.1m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $11.3m $10.3m $13.1m $10.6m $6.0m $3.7m $8.4m $11.2m $17.2m $32.6m
Payments to Acquire Businesses, Net of Cash Acquired — $3.8m — $2.7m $28.6m $3.1m — — — $129.7m
Net Cash Provided by (Used in) Investing Activities ($11.3m) ($14.1m) ($13.1m) ($13.2m) ($150.5m) ($4.7m) $84.6m ($29.0m) ($5.9m) ($137.4m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt — — — — — — — $0 $0 $69.5m
Repayments of Long-term Debt — — — — — — — $0 $0 $1.9m
Proceeds from Issuance of Common Stock — — — — $65.1m — — — — —
Payments for Repurchase of Common Stock $2.2m $13.4m $5.2m $9.6m $0 $4.5m $22.5m $743k $6.9m $244k
Net Cash Provided by (Used in) Financing Activities $30k ($12.2m) ($5.2m) ($9.8m) $64.8m ($5.5m) ($24.3m) ($5.9m) ($11.2m) $64.6m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($119k) $255k ($198k) ($27k) ($63.8m) ($6.1m) $91.9m ($20.6m) ($8.4m) ($48.4m)
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities — — — — — — — — — $3.7m
Income Taxes Paid, Net — — — — — — — — — $2.7m

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