SkyWater Technology, Inc

Annual Trend 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 ($20.6m) ($47.4m) ($30.8m) ($6.8m) $118.9m
Net Income (Loss) Available to Common Stockholders, Basic ($19.7m) ($47.4m) ($30.8m) ($2.5m) $123.4m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest ($19.7m) ($25.1m) ($2.5m) $123.4m
Net Income (Loss) Attributable to Noncontrolling Interest $903k $5.7m $4.3m $4.5m
Depreciation, Depletion and Amortization $18.9m $28.9m $18.7m $35.7m
Depreciation $17.7m $27.1m $16.8m $33.4m
Amortization of Debt Issuance Costs $1.7m $621k $1.8m $1.7m $1.9m
Deferred Income Tax Expense (Benefit) $2.4m ($570k) ($48k) ($27.9m)
Share-based Payment Arrangement, Noncash Expense $2.6m $6.9m $8.2m $9.4m
Share-based Payment Arrangement, Expense $488k $6.9m $8.2m $9.4m
Gain (Loss) on Disposition of Property Plant Equipment $1.1m ($2.0m) $0 $55k $388k
Gain (Loss) on Extinguishment of Debt ($1.4m) $0 $0
Income Tax Expense (Benefit) $4.9m ($521k) $240k ($28.0m)
Interest Expense Nonoperating $8.8m $13.7m
Operating Lease, Lease Income $4.7m $4.7m $2.7m
Changes in operating assets and liabilities:
Non-cash transactions:
Additional Financial Items
Increase (Decrease) in Accounts Receivable ($31.5m) $33.4m
Increase (Decrease) in Inventories $11.2m $1.9m ($805k) ($1.0m)
Increase (Decrease) in Accounts Payable $483k $21.3m
Inventory Write-down $0 $0
Nonoperating Income (Expense) ($6.2m) ($10.8m) ($8.8m) $98.0m
Payments for Repurchase of Warrants $14.0m
Proceeds from Stock Options Exercised $31k
Financing Receivable, Credit Loss, Expense (Reversal) $38k $203k $447k
Restructuring Costs $1.9m $188k
Operating Cash Flow $96.2m ($14.3m) $10.1m $18.5m ($29.0m)
Cash Flow From Continuing Operating Activities $96.2m ($14.3m) $10.1m $18.5m ($29.0m)
Net Cash Provided by (Used in) Operating Activities $96.2m ($55.7m) $10.1m $18.5m ($29.0m)
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $85.8m $30.8m $8.6m $7.9m $24.3m
Property, plant and equipment acquisitions funded by liabilities $85.8m $2.2m $8.6m $7.9m $24.3m
Net Cash Provided by (Used in) Investing Activities ($88.2m) ($29.8m) ($10.5m) ($11.2m) ($113.0m)
Cash flows from financing activities:
Payments for Repurchase of Common Stock $4.1m
Proceeds from Noncontrolling Interests $260k $625k
Proceeds from (Payments to) Noncontrolling Interests $990k
Net Cash Provided by (Used in) Financing Activities ($5.2m) $91.0m ($11.2m) ($6.8m) $146.4m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $2.8m ($11.6m) $462k $4.4m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $7.4m $18.4m $18.8m $23.2m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $4.4m $8.8m $6.5m $10.2m
Income Taxes Paid, Net $149k $6k $112k $27k