← SiteOne Landscape Supply, 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 $28.9m $30.6m $73.9m $77.7m — $121.3m $238.4m $245.4m $124.4m $157.4m
Net Income From Continuing Operations — — — — — — $245.4m $173.4m $124.4m $157.4m
Net Income (Loss) Attributable to Parent — — — — $121.3m — $245.4m $173.4m $123.6m $151.8m
Net Income (Loss) Available to Common Stockholders, Basic — — — — — — $245.4m $173.4m $123.6m $151.8m
Net Income (Loss) Attributable to Noncontrolling Interest — — — — — — — — — —
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — — — — — — — — —
Amortization of Debt Issuance Costs — — — — $4.1m — — — — —
Amortization of Debt Issuance Costs and Discounts — — — — $4.1m — — — — —
Amortization of Intangible Assets — — — — $35.7m — — — — —
Amortization of debt related costs $3.0m $2.5m $3.1m $2.0m — $4.1m $2.3m $1.1m $1.3m $1.2m
Amortization of finance lease right-of-use assets and depreciation — $17.6m $21.5m $25.1m — $29.4m $36.2m $51.6m $75.3m $80.7m
Amortization of software and intangible assets $18.4m $22.8m $30.8m $34.4m — $37.8m $46.8m $52.2m $63.7m $60.1m
Capitalized Computer Software, Amortization — — — — $2.1m — — — — —
Depreciation — — — — — — $51.6m $64.1m $75.3m $80.7m
Amortization Cash Flow — — — — — — $52.2m $63.6m $63.7m $60.1m
Amortization Of Intangibles — — — — — — $52.2m $63.6m $63.7m $60.1m
Depreciation Amortization Depletion — — — — — — $103.8m $127.7m $139.0m $140.8m
Deferred Income Tax Expense (Benefit) — — — — $400k — — — — —
Deferred income taxes ($7.5m) ($9.9m) ($7.1m) ($3.4m) — $400k ($3.1m) ($5.2m) ($11.0m) $3.8m
Deferred Income Tax — — — — — — ($5.2m) ($14.5m) ($11.0m) $3.8m
Deferred Tax — — — — — — ($5.2m) ($14.5m) ($11.0m) $3.8m
Goodwill, Impairment Loss — — — — $0 — — — — —
Operating Lease, Impairment Loss — — — — — — — — — —
Share-based Payment Arrangement, Expense — — — — $10.6m — — — — —
Share-based Payment Arrangement, Noncash Expense — — — — $10.6m — — — — —
(Gain) loss on sale of equipment $400k $0 ($400k) $300k — ($400k) ($100k) ($800k) $500k ($300k)
Gain (Loss) on Disposition of Property Plant Equipment — — — — $400k — — — — —
Gain (Loss) on Extinguishment of Debt — — — — $0 — — — — —
Income Tax Expense (Benefit) — — — — $27.5m — — — — —
Interest Expense Nonoperating — — — — — — — — — —
Loss on extinguishment of debt $1.2m $1.7m $700k $400k — $0 $800k $600k $1.8m $0
Changes in operating assets and liabilities:
Additional Financial Items
Accounts payable ($8.9m) $8.2m $40.4m ($29.0m) — ($4.3m) $74.4m $8.9m $29.7m ($6.2m)
Accrued expenses and other liabilities $15.8m $10.9m $4.7m ($2.9m) — $42.7m $43.0m ($9.2m) $11.5m $35.1m
Acquisitions, net of cash acquired ($100.7m) ($66.4m) ($147.7m) ($71.5m) — ($159.4m) ($147.2m) ($244.9m) ($138.2m) ($37.9m)
Beginning $10.6m $20.1m $16.7m $19.0m — $55.2m $53.7m $29.1m $107.1m $190.6m
Borrowings on asset-based credit facilities $364.1m $355.5m $406.0m $273.7m — $285.4m $161.9m $732.8m $381.9m $320.6m
Borrowings under term loan $0 $570.9m $447.4m $0 — $0 $325.0m $0 $220.1m $0
Cash Flow From Continuing Operating Activities $71.0m $72.9m $78.1m $130.8m — $229.4m $217.2m $297.5m $283.4m $300.5m
Distributions to non-controlling interest — — — — — — — $0 $0 ($1.0m)
Goodwill — — — — $250.6m — — — — —
Income tax payable — — — — — — $0 $7.9m ($8.0m) $0
Income tax receivable $6.3m $6.6m ($6.0m) $3.0m — $200k $3.5m ($7.6m) ($11.2m) ($9.9m)
Increase (Decrease) in Accounts Payable — — — — ($4.3m) — — — — —
Increase (Decrease) in Inventories — — — — $7.9m — — — — —
Inventory $3.7m ($600k) ($38.5m) ($3.0m) — ($7.9m) ($156.9m) ($99.3m) $19.0m ($42.8m)
Inventory Write-down — — — — — — — — — —
Net Change In Cash $9.5m ($3.8m) $600k $1.7m — $36.2m ($1.5m) ($24.6m) $24.6m $83.5m
Other $300k ($300k) ($600k) $900k — $3.7m $6.5m $2.3m $900k ($3.0m)
Payments of acquisition related contingent obligations — $0 ($4.0m) ($3.0m) — ($4.8m) ($8.6m) ($10.0m) ($5.6m) ($3.8m)
Payments on finance lease obligations — ($5.1m) ($6.2m) ($6.5m) — ($8.5m) ($10.4m) ($12.6m) ($26.7m) ($32.5m)
Prepaid expenses and other assets $5.0m $200k ($8.9m) $7.5m — ($11.0m) ($3.2m) $3.5m $2.1m ($6.2m)
Proceeds from the sale of property and equipment $200k $300k $3.5m $1.0m — $1.0m $2.2m $2.2m $5.9m $9.6m
Purchases of intangible assets $0 ($1.5m) ($5.0m) ($1.9m) — ($7.2m) ($4.5m) ($14.6m) ($4.3m) ($1.4m)
Purchases of property and equipment ($10.5m) ($8.8m) ($14.9m) ($19.5m) — ($18.6m) ($32.5m) ($27.1m) ($40.5m) ($53.7m)
Receivables ($11.4m) ($18.7m) ($43.4m) $6.1m — $2.8m ($92.1m) ($44.6m) ($41.6m) $3.6m
Repayments on asset-based credit facilities ($310.4m) ($392.5m) ($410.0m) ($304.0m) — ($378.2m) ($161.9m) ($632.8m) ($398.3m) ($320.2m)
Repayments under term loan ($800k) ($336.2m) ($350.3m) ($4.5m) — ($172.8m) ($338.6m) ($2.6m) ($197.0m) ($3.9m)
Repurchases of common shares ($100k) ($200k) $0 — — $0 $0 ($24.4m) ($51.3m) ($98.3m)
Stock-based compensation $3.0m $4.7m $7.9m $11.7m — $10.6m $14.3m $18.3m $25.0m $27.0m
Beginning Cash Position — — — — — — $53.7m $29.1m $82.5m $107.1m
Cash Flow From Continuing Financing Activities — — — — — — $43.4m ($18.3m) ($80.9m) ($134.6m)
Cash Flow From Continuing Investing Activities — — — — — — ($284.4m) ($226.0m) ($177.1m) ($83.4m)
Change In Account Payable — — — — — — $8.9m ($35.1m) $29.7m ($6.2m)
Change In Accrued Expense — — — — — — ($9.2m) ($10.0m) $11.5m $35.1m
Change In Income Tax Payable — — — — — — $0 $7.9m ($8.0m) $0
Change In Inventory — — — — — — ($99.3m) $38.1m $19.0m ($42.8m)
Change In Payable — — — — — — $8.9m ($27.2m) $21.7m ($6.2m)
Change In Payables And Accrued Expense — — — — — — ($300k) ($37.2m) $33.2m $28.9m
Change In Prepaid Assets — — — — — — $3.5m ($4.3m) $2.1m ($6.2m)
Change In Receivables — — — — — — ($52.2m) ($6.5m) ($52.8m) ($6.3m)
Change In Tax Payable — — — — — — $0 $7.9m ($8.0m) $0
Change In Working Capital — — — — — — ($148.3m) ($9.9m) $1.5m ($26.4m)
Changes In Account Receivables — — — — — — ($44.6m) ($17.4m) ($41.6m) $3.6m
Changes In Cash — — — — — — ($23.8m) $53.2m $25.4m $82.5m
End Cash Position — — — — — — $29.1m $82.5m $107.1m $190.6m
Financing Cash Flow — — — — — — $43.4m ($18.3m) ($80.9m) ($134.6m)
Free Cash Flow — — — — — — $175.5m $261.5m $238.6m $245.4m
Gain Loss On Sale Of PPE — — — — — — ($800k) ($500k) $500k ($300k)
Investing Cash Flow — — — — — — ($284.4m) ($226.0m) ($177.1m) ($83.4m)
Issuance Of Capital Stock — — — — — — $3.6m $5.2m $5.6m $9.7m
Net Business Purchase And Sale — — — — — — ($244.9m) ($192.7m) ($138.2m) ($37.9m)
Net Intangibles Purchase And Sale — — — — — — ($14.6m) ($3.9m) ($4.3m) ($1.4m)
Net PPE Purchase And Sale — — — — — — ($24.9m) ($29.4m) ($34.6m) ($44.1m)
Operating Gains Losses — — — — — — ($200k) ($500k) $2.3m ($300k)
Other Non Cash Items — — — — — — $3.4m ($4.4m) $2.2m ($1.8m)
Purchase Of Business — — — — — — ($244.9m) ($192.7m) ($138.2m) ($37.9m)
Purchase Of Intangibles — — — — — — ($14.6m) ($3.9m) ($4.3m) ($1.4m)
Purchase Of PPE $8.8m $14.5m $14.9m $19.5m $18.6m $32.5m ($27.1m) ($32.1m) ($40.5m) ($53.7m)
Repurchase Of Capital Stock — — — — — — ($24.4m) ($12.0m) ($51.3m) ($98.3m)
Sale Of PPE — — — — — — $2.2m $2.7m $5.9m $9.6m
Other Operating Income (Expense), Net — — — — $6.7m — — — — —
Net Cash Provided By Operating Activities $71.0m $72.9m $78.1m $130.8m — $229.4m $210.8m $217.2m $283.4m $300.5m
Net Cash Provided by (Used in) Operating Activities $72.9m $16.3m $78.1m $130.8m $229.4m $210.8m $217.2m $297.5m $283.4m $300.5m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment — — — — $18.6m — ($41.7m) ($36.0m) ($44.8m) ($55.1m)
Payments to Acquire Businesses, Net of Cash Acquired — — — — $159.4m — — — — —
Net Other Investing Changes — — — — — ($147.2m) ($244.9m) ($192.7m) — —
Net Cash Used In Investing Activities ($111.0m) ($74.9m) ($164.1m) ($91.9m) — ($184.2m) ($182.0m) ($284.4m) ($177.1m) ($83.4m)
Net Cash Provided by (Used in) Investing Activities — — — — ($184.2m) — — — — —
Cash flows from financing activities:
Payments of debt issuance costs ($1.0m) ($4.2m) ($2.4m) ($900k) — $0 ($2.4m) ($2.3m) ($2.2m) $0
Issuance Of Debt — — — — — — $732.8m $554.3m $602.0m $320.6m
Long Term Debt Issuance — — — — — — $732.8m $554.3m $602.0m $320.6m
Net Issuance Payments Of Debt — — — — — — $84.8m $5.8m ($20.0m) ($36.0m)
Net Long Term Debt Issuance — — — — — — $84.8m $5.8m ($20.0m) ($36.0m)
Net Short Term Debt Issuance — — — — — $0 $100.0m ($92.5m) — —
Short Term Debt Issuance — — — — — $161.9m $732.8m $434.3m — —
Long Term Debt Payments — — — — — — ($648.0m) ($548.5m) ($622.0m) ($356.6m)
Repayment Of Debt — — — — — — ($648.0m) ($548.5m) ($622.0m) ($356.6m)
Short Term Debt Payments — — — — — ($161.9m) ($632.8m) ($526.8m) — —
Equity proceeds from common stock $2.2m $200k $6.7m $8.4m — $271.5m $9.3m $3.6m $5.6m $9.7m
Proceeds from Issuance of Common Stock — — — — $271.5m — — — — —
Common Stock Issuance — — — — — — $3.6m $5.2m $5.6m $9.7m
Net Common Stock Issuance — — — — — — ($20.8m) ($6.8m) ($45.7m) ($88.6m)
Payments for Repurchase of Common Stock — — — — — — — — — —
Common Stock Payments — — — — — — ($24.4m) ($12.0m) ($51.3m) ($98.3m)
Other financing activities $0 ($2.1m) ($400k) ($500k) — ($1.7m) ($4.7m) ($8.3m) ($7.4m) ($5.2m)
Proceeds from (Payments for) Other Financing Activities — — — — ($1.7m) — — — — —
Net Other Financing Charges — — — — — — ($20.6m) ($17.3m) ($15.2m) ($10.0m)
Net Cash Used In Financing Activities $49.7m ($1.8m) $86.8m ($37.3m) — ($9.1m) ($30.4m) $43.4m ($80.9m) ($134.6m)
Net Cash Provided by (Used in) Financing Activities — — — — ($9.1m) — — — — —
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — $100k — — — — —
Effect of exchange rate on cash ($200k) $0 ($200k) $100k — $100k $100k ($800k) ($800k) $1.0m
Effect Of Exchange Rate Changes — — — — — — ($800k) $200k ($800k) $1.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — — $36.2m — — — — —
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — $55.2m — — — — —
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($24.6m) $53.4m $24.6m $83.5m
Cash paid during the year for interest $8.4m $16.5m $26.2m $30.3m — $27.3m $15.6m $15.5m $29.8m $34.7m
Interest Paid, Excluding Capitalized Interest, Operating Activities — — — — $27.3m — $15.5m $26.8m $29.8m $34.7m
Cash paid during the year for income taxes $21.9m $24.3m $14.5m $16.0m — $25.2m $55.8m $82.1m $57.6m $37.7m
Income Taxes Paid, Net — — — — $25.2m — $82.1m $46.0m $57.6m $37.7m

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