DOUGLAS DYNAMICS, 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 $39.0m $55.3m $43.9m $49.2m ($86.6m) $30.7m $38.6m $23.7m $56.2m $46.9m
Net Income (Loss) Available to Common Stockholders, Basic $39.0m $55.3m $43.9m $49.2m ($86.6m) $30.7m $37.9m $23.2m $55.1m $45.8m
Depreciation, Depletion and Amortization $16.7m $18.6m $19.1m $19.2m $19.7m $20.3m $20.9m $21.7m $17.9m $15.4m
Amortization of Deferred Charges $10.5m $10.5m $7.5m $6.2m
Amortization of Debt Issuance Costs $624k $824k $823k $823k $763k $493k $379k $475k $591k $139k
Amortization of Debt Issuance Costs and Discounts $950k $1.2m $1.2m $1.2m $1.4m $894k $491k $588k $703k $489k
Amortization of Intangible Assets $10.6m $11.4m $11.5m $11.0m $10.9m $10.7m $10.5m $10.5m $7.5m $6.2m
Depreciation $6.1m $7.2m $7.6m $8.3m $8.8m $9.6m $10.4m $11.1m $10.4m $9.2m
Depreciation, Nonproduction $10.4m $11.1m $10.4m $9.2m
Deferred Income Tax Expense (Benefit) $6.2m ($15.3m) $6.2m ($2.1m) ($19.4m) $1.6m ($3.3m) $7.6m ($3.0m) $9.3m
Share-based Payment Arrangement, Noncash Expense $2.9m $3.5m $4.5m $3.2m $2.8m $5.8m $6.7m $953k $4.9m $6.7m
Payment, Tax Withholding, Share-based Payment Arrangement $923k $23k $50k $72k $0 $161k
Share-based Payment Arrangement, Expense $6.7m $953k $4.9m $6.7m
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $0
Impairment of Intangible Assets, Finite-lived $0 $0 $0
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) $0
Gain (Loss) on Disposition of Property Plant Equipment $220k ($111k) $56k ($347k) $0
Gain (Loss) on Extinguishment of Debt $0 ($4.9m) $0 $0 $0 ($156k)
Income Tax Expense (Benefit) $24.7m ($2.4m) $11.9m $13.5m ($12.3m) $3.9m $8.8m $5.5m $17.7m $14.6m
Other Nonoperating Income (Expense) ($277k) ($115k) ($758k) ($765k) $91k $228k ($139k) $0 $442k $344k
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable ($2.4m) $1.2m $511k $7.7m ($3.0m) ($12.1m) $14.3m ($2.7m) $4.3m $6.1m
Increase (Decrease) in Inventories ($605k) ($894k) $12.3m ($4.1m) $1.8m $24.3m $32.5m $3.9m ($3.4m) $672k
Increase (Decrease) in Accounts Payable ($113k) ($2.5m) $3.0m ($2.6m) ($21k) $10.4m $21.5m ($17.1m) $991k $3.4m
Gain (Loss) Related to Litigation Settlement $10.1m $1.3m $200k
Goodwill $238.3m $241.0m $241.0m $241.0m $113.1m $113.1m $113.1m $113.1m $113.1m $116.8m
Payments of Financing Costs $2.3m $1.6m $1.1m $1.4m $0 $334k $279k $293k
Restructuring Costs $2.0m $0
Unrealized Gain (Loss) on Derivatives $688k $688k $287k $0
Net Cash Provided by (Used in) Operating Activities $69.9m $66.4m $58.2m $77.3m $53.4m $60.5m $40.0m $12.5m $41.1m $74.7m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $9.8m $7.6m $9.7m $11.5m $14.5m $11.2m $12.4m $9.8m $7.8m $10.8m
Payments to Acquire Businesses, Net of Cash Acquired $181.3m $7.4m
Net Cash Provided by (Used in) Investing Activities ($191.2m) ($14.9m) ($9.7m) ($11.5m) ($14.5m) ($11.2m) ($12.0m) ($10.5m) $56.8m ($37.5m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $129.3m $270.9m $224.4m $148.8m
Repayments of Long-term Debt $2.6m $3.1m $33.1m $32.7m $277.3m $249.9m $11.2m $18.4m $42.0m $153.3m
Payments for Repurchase of Common Stock $0 $0 $6.0m $0 $0 $6.0m
Payments of Ordinary Dividends, Common Stock $21.5m $22.0m $24.4m $25.2m $25.9m $26.5m $27.0m $27.4m $27.5m $27.9m
Net Cash Provided by (Used in) Financing Activities $103.0m ($33.1m) ($57.5m) ($57.9m) ($33.5m) ($53.4m) ($44.3m) $1.5m ($117.0m) ($34.1m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($16.3m) $3.5m ($19.0m) $3.2m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $37.0m $20.7m $24.2m $5.1m $8.3m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $14.2m $17.2m $15.9m $15.8m $16.8m $12.3m $11.7m $18.2m $18.9m $14.0m
Income Taxes Paid, Net $16.4m $6.6m $8.5m $13.3m $4.3m $9.8m $7.0m $14.5m $13.6m $7.7m