← SMITH & WESSON BRANDS, INC.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $127.9m | $20.1m | $18.4m | ($61.2m) | $252.0m | $194.5m | $36.9m | $39.6m | $13.4m | $18.5m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | $18.4m | ($61.2m) | — | — | — | $39.6m | $13.4m | $18.5m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $127.9m | — | — | — | $243.6m | $194.5m | $36.9m | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | $8.5m | $0 | $0 | — | — | — | |
| Depreciation and amortization | $50.2m | $52.1m | $53.9m | $54.1m | $31.6m | $30.1m | $31.4m | $32.6m | $31.8m | $31.3m | |
| Amortization of Debt Issuance Costs and Discounts | $918k | $1.1m | $431k | $687k | $891k | $90k | $90k | $90k | $157k | $244k | |
| Amortization of Intangible Assets | $20.1m | $21.0m | $22.0m | $19.5m | — | — | — | — | — | — | |
| Deferred Income Tax Expense (Benefit) | ($7.8m) | ($8.8m) | ($2.8m) | ($12.0m) | $447k | ($2.1m) | ($6.9m) | $835k | — | $5.9m | |
| Share-based Payment Arrangement, Noncash Expense | $8.6m | $7.8m | $8.0m | $2.9m | $4.7m | $4.5m | $5.1m | $5.7m | $7.6m | $8.3m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $4.7m | $2.3m | $649k | $597k | $2.2m | $1.6m | $1.1m | $839k | $1.1m | $930k | |
| Share-based Payment Arrangement, Expense | $8.6m | $7.8m | $8.0m | $2.9m | $4.7m | $4.5m | $5.1m | $5.7m | $7.6m | $8.3m | |
| Goodwill, Impairment Loss | — | — | $10.4m | $98.7m | — | — | — | — | — | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | $0 | $0 | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($99k) | ($44k) | $454k | ($991k) | ($154k) | ($625k) | $55k | $5.6m | $2.5m | $9k | |
| Income Tax Expense (Benefit) | $63.5m | ($2.5m) | $10.3m | $1.3m | $74.4m | $57.9m | $11.3m | $9.8m | $5.8m | $6.6m | |
| Other Nonoperating Income (Expense) | ($52k) | $1.7m | $33k | $83k | $2.3m | $2.9m | $150k | $6.7m | ($17k) | $669k | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $40.7m | ($51.4m) | $29.0m | $8.6m | $5.8m | ($4.1m) | ($7.6m) | $3.9m | ($3.2m) | ($15.9m) | |
| Increase (Decrease) in Inventories | $22.2m | $17.0m | $10.5m | $421k | ($25.3m) | $58.2m | $40.5m | ($16.6m) | $29.3m | ($33.6m) | |
| Increase (Decrease) in Accounts Payable | $1.2m | ($21.0m) | $3.4m | $3.7m | $25.5m | ($27.0m) | ($8.6m) | $18.3m | ($14.8m) | $5.4m | |
| Gain (Loss) on Sale of Properties | — | — | — | — | — | — | — | — | $2.3m | — | |
| General and Administrative Expense | $115.8m | $101.5m | $107.7m | $98.0m | $79.3m | $72.5m | $61.6m | $65.5m | $54.9m | $60.0m | |
| Goodwill | $169.0m | $191.3m | $182.3m | $83.6m | $19.0m | $19.0m | $19.0m | $19.0m | $19.0m | $19.0m | |
| Nonoperating Income (Expense) | ($8.6m) | ($9.4m) | ($9.3m) | ($11.1m) | ($1.7m) | $733k | ($181k) | $4.6m | ($4.6m) | ($4.1m) | |
| Operating Expenses | $175.3m | $168.7m | $188.2m | $283.5m | $129.4m | $122.9m | $106.1m | $113.3m | $103.3m | $111.9m | |
| Restructuring Costs | — | — | — | — | — | — | $7.2m | $649k | ($402k) | ($886k) | |
| Net Cash Provided by (Used in) Operating Activities | $123.6m | $61.6m | $57.5m | $95.0m | $315.3m | $137.8m | $16.7m | $106.7m | ($7.2m) | $114.2m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $34.9m | $18.5m | $33.9m | $13.9m | $22.1m | $24.0m | $89.6m | $90.8m | $21.6m | $23.7m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $211.1m | $23.1m | $1.8m | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($243.7m) | ($42.2m) | ($34.8m) | ($14.0m) | ($23.4m) | ($24.1m) | ($89.8m) | ($81.5m) | ($19.2m) | ($28.2m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $100.0m | $150.0m | $50.0m | $228.2m | $25.0m | $0 | — | — | — | — | |
| Repayments of Long-term Debt | $56.3m | $181.3m | $81.3m | $224.6m | $185.0m | $0 | $0 | $35.0m | $35.0m | $85.0m | |
| Payments for Repurchase of Common Stock | $50.1m | — | — | — | $110.0m | $90.0m | $0 | $10.2m | $25.5m | $0 | |
| Dividends paid | — | — | — | — | $8.2m | $15.0m | $18.3m | $22.0m | $23.1m | $23.2m | |
| Net Cash Provided by (Used in) Financing Activities | ($9.6m) | ($32.2m) | ($30.5m) | $3.4m | ($303.9m) | ($106.0m) | $5.9m | ($18.0m) | ($9.2m) | ($83.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $191.3m | $48.9m | ($7.8m) | $84.4m | ($12.0m) | $7.7m | ($67.2m) | $7.3m | ($35.6m) | $3.0m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $10.6m | $9.5m | $11.1m | $3.3m | $2.2m | $2.1m | $4.7m | $5.2m | $5.4m | |
| Income Taxes Paid, Net | — | — | — | — | — | — | — | — | — | $5.7m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.