PHOTRONICS 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 $46.2m $13.1m $42.1m $29.8m $33.8m $55.4m $118.8m $125.5m $130.7m $136.4m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $55.7m $21.3m $61.2m $40.5m $40.3m $78.8m $179.2m $199.6m $183.8m $190.2m
Net Income (Loss) Attributable to Noncontrolling Interest $9.5m $8.2m $19.2m $10.7m $6.5m $23.4m $60.5m $74.1m $53.2m $53.8m
Depreciation, Depletion and Amortization $77.6m $81.7m $79.5m $79.2m $89.2m $87.5m $80.0m $80.5m $82.4m $77.3m
Amortization $5.2m $4.9m $4.8m
Amortization of Intangible Assets $4.8m $4.9m $4.8m $4.6m $4.6m $2.9m $359k $362k $372k $347k
Deferred Income Tax Expense (Benefit) ($3.8m) $1.6m ($273k) ($3.7m) ($445k) ($2.1m) $809k ($927k) ($1.4m) ($17.2m)
Share-based Payment Arrangement, Noncash Expense $3.8m $3.6m $3.2m $3.7m $4.9m $5.3m $6.3m $8.0m $13.9m $13.4m
Share-based Payment Arrangement, Expense $3.8m $3.6m $3.2m $3.7m $4.9m $5.3m $6.3m $8.0m $13.9m $13.4m
Gain (Loss) on Disposition of Assets $600k
Gain (Loss) on Disposition of Property Plant Equipment $7.9m $2.8m $29.6m $13.7m $13.1m $3.5m ($17k) $0 ($92k) ($240k)
Income Tax Expense (Benefit) $4.8m $5.3m $7.3m $10.2m $21.3m $23.2m $59.8m $70.3m $63.6m $31.6m
Other Nonoperating Income (Expense) $2.4m ($3.1m) $5.2m $5k $541k $1.2m $1.7m $14.9m $24.1m $22.0m
Changes in operating assets and liabilities:
Non-cash transactions:
Additional Financial Items
Increase (Decrease) in Accounts Receivable ($18.8m) $9.6m $18.6m $12.3m ($7.0m) $36.6m $51.2m ($4.0m) $2.5m ($6.3m)
Increase (Decrease) in Inventories ($2.3m) $602k $6.2m $23.1m $6.9m ($3.0m) $2.0m ($1.2m) $6.2m $4.9m
Foreign Currency Transaction Gain (Loss), before Tax ($300k) ($5.2m) $400k ($1.3m) ($501k) $8.0m $27.3m $2.5m $2.2m ($8.3m)
Operating Expenses $59.4m $65.9m $68.7m $70.7m $76.0m $82.3m $83.1m $94.3m $91.4m
Payments of Financing Costs $0
Pension Cost (Reversal of Cost) $600k $600k
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax ($129k) ($129k) ($48k) $0 $0
Net Cash Provided by (Used in) Operating Activities $122.1m $96.8m $130.6m $68.4m $143.0m $150.8m $275.2m $302.2m $261.4m $247.8m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $50.1m $92.0m $92.6m $178.4m $70.8m $109.1m $112.3m $131.3m $130.9m $188.1m
Property, plant and equipment acquisitions funded by liabilities $50.1m $92.0m $92.6m $178.4m $70.8m $109.1m $112.3m $131.3m $130.9m $188.1m
Payments for (Proceeds from) Other Investing Activities ($597k) $34k ($2.1m) ($61k) $0 $0 ($25k) $0 ($59k) $0
Net Cash Provided by (Used in) Investing Activities $52.3m ($98.1m) ($90.7m) ($151.4m) ($65.7m) ($103.5m) ($147.8m) ($101.5m) ($156.5m) ($238.9m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $0 $0
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale $47.5m
Payments for Repurchase of Common Stock $23.1m $21.7m $34.4m $48.2m $2.5m $0 $0 $97.4m
Proceeds from Noncontrolling Interests $18.0m $29.4m $17.6m $0 $25.0m $0 $0
Proceeds from (Payments for) Other Financing Activities ($20k) ($32k) ($519k) ($92k) ($248k) ($437k)
Net Cash Provided by (Used in) Financing Activities ($67.0m) ($10.9m) ($13.8m) ($42.1m) ($16.0m) ($53.9m) ($38.7m) ($18.5m) ($7.7m) ($115.3m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $6.2m ($4.8m) $2.4m $11.0m $4.7m ($46.0m) ($2.7m) $2.1m $228k
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $6.2m ($4.8m) ($122.7m) $72.3m ($1.9m) $42.7m $179.5m $99.4m ($106.1m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $6.2m ($4.8m) $209.3m $281.6m $279.7m $322.4m $501.9m $601.2m $495.1m