STRATTEC SECURITY CORP

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 $9.1m $7.2m $12.3m ($17.0m) ($7.6m) $22.5m $7.0m ($6.7m) $16.3m $18.7m
Net Income (Loss) Available to Common Stockholders, Basic $9.1m $7.2m $12.3m ($12.7m) ($5.9m) $29.9m $8.9m ($8.9m) $16.4m $18.9m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $14.1m $12.1m $15.6m ($12.7m) ($5.9m) $29.9m $8.9m ($8.9m) $16.4m $18.9m
Net Income (Loss) Attributable to Noncontrolling Interest $5.0m $4.9m $3.3m $4.3m $1.7m $7.4m $1.8m ($2.3m) $115k $234k
Depreciation, Depletion and Amortization $10.1m $11.4m $14.6m $17.2m $19.3m $19.8m $19.4m $17.5m $16.5m $14.8m
Depreciation $10.0m $11.3m $14.5m $17.2m $19.3m $19.8m $19.4m $17.5m $16.5m $14.8m
Amortization of Intangible Assets $99k $99k $41k
Deferred Income Tax Expense (Benefit) $3.0m $1.9m $1.0m ($10.1m) ($3.6m) $1.5m ($2.0m) ($4.9m) ($4.7m) ($1.9m)
Share-based Payment Arrangement, Noncash Expense $1.6m $1.5m $1.1m $1.1m $996k $972k $1.1m $1.5m $1.5m $2.7m
Gain (Loss) on Disposition of Property Plant Equipment $17k ($213k) $28k ($106k) ($369k) ($1.4m) ($192k) ($17.4m) ($9.8m) ($7.2m)
Income (Loss) from Equity Method Investments ($2.2m) $666k $4.5m $2.8m ($209k) $2.6m $181k $1.6m ($331k)
Income Tax Expense (Benefit) $5.1m $4.3m $2.1m ($7.7m) ($2.3m) $5.1m $420k $1.3m $3.8m $5.7m
Operating Lease, Expense $461k $473k $484k $497k $989k $951k
Other Nonoperating Income (Expense) $668k $2.3m ($149k) $79k $1.1m $11k $233k $255k $194k $493k
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Inventories $3.9m ($3.2m) $11.2m $608k $7.1m $16.5m $9.6m ($2.9m) $4.1m ($16.9m)
Increase (Decrease) in Accounts Payable $10.7m
Increase (Decrease) in Other Operating Assets $9.5m $6.5m $4.5m ($5.9m) $29k $2.4m $3.1m $10.5m $13.6m ($12.0m)
Proceeds from Stock Options Exercised $139k $172k $477k $526k $827k $109k
Foreign Currency Transaction Gain (Loss), before Tax ($2.6m) ($1.1m) ($549k) $397k $2.0m ($2.4m) $237k ($2.9m) $2.2m ($591k)
Foreign Currency Transaction Gain (Loss), Realized $2.6m $1.1m $549k ($397k) ($2.0m) $2.4m ($237k) $2.9m ($2.2m) $591k
Gain (Loss) on Investments $186k
Gain (Loss) on Sale of Derivatives ($1.2m) ($1.6m) $1.1m $485k ($418k) $164k $361k $1.0m $885k
Investment Income, Interest $25k $136k $8k $2.0m
Nonoperating Income (Expense) $1.0m ($337k) $1.7m ($1.2m) $423k ($2.2m) $3.0m $820k
Operating Expenses $43.9m $46.5m $41.2m $47.2m $44.1m $44.7m $47.1m $48.2m $47.7m $61.8m
Pension Expense (Reversal of Expense), Noncash $31.9m
Unrealized Gain (Loss) on Derivatives ($889k) $2.0m ($1.2m) $39k ($480k) $723k $384k $2.3m
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement ($31.9m) ($217k) $0
Net Cash Provided by (Used in) Operating Activities $8.2m $23.1m $6.9m $29.9m $25.4m $35.1m $10.4m $10.1m $12.3m $71.7m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $23.5m $37.0m $24.1m $17.5m $12.4m $8.9m $14.2m $17.4m $9.8m $7.2m
Net Cash Provided by (Used in) Investing Activities ($25.3m) ($39.5m) ($23.9m) ($17.6m) ($12.3m) ($9.0m) ($14.3m) $8.9m ($7.8m) ($7.2m)
Cash flows from financing activities:
Payments of Ordinary Dividends, Common Stock $1.9m $2.0m $2.0m $2.1m $1.6m
Proceeds from Noncontrolling Interests $2.9m
Net Cash Provided by (Used in) Financing Activities $7.2m $9.2m $16.4m ($12.2m) ($9.0m) ($22.9m) ($1.9m) ($7.4m) $72k ($4.9m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($10.2m) ($7.1m) ($271k) ($281k) $4.0m $2.7m ($5.7m) $11.8m $4.8m $59.2m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $157k $350k $1.1m $1.6m $976k $320k $230k $890k $888k $1.0m
Income Taxes Paid, Net $530k $2.1m $5.4m ($842k) $2.8m $3.8m $14.2m