← Qorvo, Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | ($16.6m) | ($40.3m) | $133.1m | $334.3m | $733.6m | $1.0b | $103.2m | ($70.3m) | $55.6m | $339.0m | |
| Depreciation | $209.8m | $174.4m | $208.6m | $221.6m | $203.2m | $210.9m | $206.4m | $193.0m | $163.2m | $151.3m | |
| Intangible assets amortization | $494.8m | $539.8m | $454.5m | $247.3m | $252.9m | $150.5m | $132.4m | $127.9m | $133.6m | $111.1m | |
| Deferred Income Tax Expense (Benefit) | ($28.0m) | ($32.2m) | ($70.2m) | ($11.1m) | ($18.1m) | $31.9m | ($66.1m) | $19.4m | ($84.7m) | ($39.4m) | |
| Intangible Asset, Including Goodwill, Impairment Loss | — | — | — | — | — | — | $12.4m | $221.4m | $192.6m | $82.4m | |
| Stock-based compensation expense | $88.8m | $68.2m | $71.6m | $76.0m | $89.3m | $83.5m | $105.6m | $120.8m | $136.3m | $136.1m | |
| Other, net | $7.1m | $3.8m | $5.1m | $10.2m | ($2.2m) | $14.2m | $25.3m | $6.5m | $25.5m | ($13.4m) | |
| Accounts receivable, net | ($36.9m) | $12.9m | ($32.1m) | $21.0m | ($91.3m) | ($107.9m) | $264.8m | ($105.8m) | $26.8m | $3.2m | |
| Inventories | ($6.4m) | ($41.9m) | ($39.6m) | $10.3m | $9.4m | ($236.2m) | ($81.5m) | $92.9m | $18.2m | $86.6m | |
| Prepaid expenses and other assets | $20.3m | $28.3m | $13.3m | ($14.5m) | ($18.5m) | ($176.7m) | $43.2m | ($23.2m) | ($24.3m) | ($18.5m) | |
| Accounts payable | ($1.0m) | $39.0m | $15.2m | $15.4m | $34.2m | $34.0m | ($115.5m) | $89.1m | $7.2m | ($4.9m) | |
| Accrued liabilities | $26.9m | ($2.6m) | ($3.9m) | $48.7m | $30.7m | ($11.8m) | ($17.6m) | $131.0m | ($45.8m) | ($45.3m) | |
| Income taxes payable and receivable | $13.4m | $50.8m | ($38.2m) | $12.9m | $34.6m | ($3.1m) | ($33.2m) | $8.7m | ($4.1m) | $942k | |
| Other liabilities | $4.7m | $4.2m | ($10.8m) | ($1.6m) | ($20.8m) | ($22.0m) | $36.8m | ($50.4m) | $15.7m | $19.6m | |
| Purchases of property and equipment | ($552.7m) | ($269.8m) | ($220.9m) | ($164.1m) | ($187.0m) | ($213.5m) | ($159.0m) | ($127.2m) | ($137.6m) | ($129.1m) | |
| Proceeds from sales of property and equipment | — | — | — | — | — | $898k | $1.8m | $49.5m | $7.1m | $51.7m | |
| Proceeds from Sales of Business, Affiliate and Productive Assets | — | — | — | — | — | — | $0 | $20.0m | $173.1m | $21.5m | |
| Purchase and supply commitment, Supplies Proceeds | — | — | — | — | — | — | — | $0 | $130.2m | ($11.7m) | |
| Net cash provided by operating activities | $776.8m | $852.5m | $810.4m | $945.6m | $1.3b | $1.0b | $843.2m | $833.2m | $622.2m | $808.6m | |
| Capital Expenditures Incurred but Not yet Paid | — | — | $37.7m | $22.9m | $56.5m | $36.1m | $33.1m | $70.1m | $65.2m | $24.7m | |
| Purchases of businesses, net of cash acquired | ($118.1m) | $0 | $0 | ($946.0m) | ($47.1m) | ($389.1m) | ($95k) | ($83.0m) | ($791k) | $0 | |
| Other investing activities | ($6.0m) | ($7.6m) | ($27.0m) | $2.5m | $15.4m | $6.6m | $5.6m | $24.2m | ($5.2m) | $12.3m | |
| Net cash (used in) provided by investing activities | ($490.5m) | ($277.4m) | ($247.6m) | ($1.1b) | ($218.7m) | ($596.0m) | ($153.4m) | ($136.5m) | $36.6m | ($43.6m) | |
| Payment and repurchase of debt | $0 | ($107.7m) | ($1.1b) | $0 | ($1.1b) | ($197.5m) | $0 | ($58.3m) | ($439.1m) | $0 | |
| Proceeds from the issuance of common stock | $59.1m | $57.4m | $41.3m | $50.2m | $42.6m | $38.3m | $32.5m | $36.9m | $35.7m | $35.5m | |
| Repurchase of common stock, including transaction costs | ($209.4m) | ($219.9m) | ($638.1m) | ($515.1m) | ($515.1m) | ($1.2b) | ($861.8m) | ($400.1m) | ($356.3m) | ($532.6m) | |
| Other financing activities | $14k | $0 | ($9.7m) | ($6.7m) | ($9.5m) | ($9.7m) | ($694k) | ($11.0m) | ($23.6m) | ($25.7m) | |
| Net cash used in financing activities | ($165.6m) | ($196.8m) | ($776.7m) | $165.6m | ($401.9m) | ($875.5m) | ($853.4m) | ($459.6m) | ($684.4m) | ($566.5m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | ($1.2m) | ($1.2m) | $1.4m | ($3.3m) | ($331k) | $3.2m | ($2.5m) | ($666k) | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $119.7m | $380.6m | ($215.0m) | $4.2m | $682.7m | ($425.5m) | ($163.9m) | $240.3m | ($28.1m) | $197.8m | |
| Cash, cash equivalents and restricted cash at the beginning of the period | $545.8m | $926.4m | $711.4m | $715.6m | $1.4b | $972.8m | $808.9m | $1.0b | $1.0b | $1.2b | |
| Cash and Cash Equivalent | $545.5m | — | $711.0m | $714.9m | $1.4b | $972.6m | $808.8m | $1.0b | $1.0b | $1.2b | |
| Restricted Cash | — | — | $347k | $673k | $429k | $213k | $186k | $20.0m | $0 | $0 | |
| Interest Paid, Excluding Capitalized Interest, Operating Activity | $71.2m | $70.2m | $64.9m | $54.4m | $81.2m | $59.4m | $66.1m | $55.3m | $76.3m | $73.2m | |
| Tax withholding paid on behalf of employees for restricted stock units | ($15.5m) | ($24.7m) | ($24.8m) | ($21.8m) | ($38.7m) | ($53.4m) | ($23.4m) | ($27.1m) | ($31.2m) | ($32.0m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.