← Latham Group, Inc.

Annual Trend 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 From Continuing Operations — — — ($5.7m) ($2.4m) ($17.9m) $11.1m —
Net Income (Loss) Attributable to Parent $7.5m $16.0m ($62.3m) ($5.7m) ($2.4m) ($17.9m) $11.1m —
Adjustments to reconcile profit (loss) — $48.4m $16.9m $3.0m $26.6m $25.9m $38.2m $36.8m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — $16.0m ($62.3m) ($5.7m) ($2.4m) ($17.9m) $11.1m —
Depreciation, Depletion and Amortization $21.7m $25.4m $32.2m $38.2m $40.8m $44.4m $51.4m $22.1m
Amortization of Debt Issuance Costs and Discounts — $2.3m $6.4m $1.6m $1.7m $1.7m $1.7m —
Amortization of Intangible Assets — $17.3m $22.6m $28.2m $26.5m $27.1m $28.9m —
Depreciation, Depletion and Amortization, Nonproduction — $8.0m $9.7m $10.0m $13.8m $16.5m $21.6m —
Amortization of deferred financing costs and debt discount $3.2m $2.3m $6.4m $1.6m $1.7m $1.7m $1.7m —
Depreciation Amortization Depletion — — — $38.2m $40.8m $44.4m $51.4m —
Deferred Income Tax Expense (Benefit) — ($4.7m) ($12.0m) ($3.8m) ($9.7m) ($1.7m) $2.4m —
Deferred income taxes ($10.2m) ($4.7m) ($12.0m) ($3.8m) ($9.7m) ($1.7m) $2.4m —
Deferred taxes — ($3.2m) ($3.8m) ($3.0m) ($6.8m) ($256k) $1.5m ($1.5m)
Deferred Income Tax — — — ($2.4m) ($17.2m) ($1.7m) $2.4m —
Deferred Tax — — — ($2.4m) ($17.2m) ($1.7m) $2.4m —
Share-based Payment Arrangement, Noncash Expense — $1.8m $128.8m $50.6m $18.8m $7.4m $9.2m —
Payment, Tax Withholding, Share-based Payment Arrangement — — — — — — $2.9m —
Share-based Payment Arrangement, Expense — $1.8m $128.8m $50.6m $18.8m $7.4m $9.2m —
Share-based compensation — $2.9m $5.6m $3.3m $6.7m $4.9m $4.0m $5.5m
Impairment of goodwill and intangibles — — — — — $0 $5.1m $41.1m
Share-based compensation granted on business acquisition — $0 ($1.3m) $0 — — — —
Asset Impairment Charge — — — $2.0m $5.4m $2.1m $1.7m —
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property — $300k $300k $200k $300k ($100k) ($100k) $515k
Gain (Loss) on Disposition of Property Plant Equipment — $0 $4.8m $0 $3.7m $1.5m $150k $515k
Gain (Loss) on Extinguishment of Debt — — — ($3.5m) — $0 — —
Income (Loss) from Equity Method Investments — — $2.2m $4.2m $3.7m $4.1m $5.2m —
Income Tax Expense (Benefit) — $6.8m $8.8m $19.4m ($7.7m) $9.1m $2.4m —
Interest Expense Nonoperating — — — — — $24.8m $25.8m —
Other Nonoperating Income (Expense) — $1.1m $4.9m ($1.3m) $1.0m ($6.2m) $3.5m —
Earnings from equity method investment — — ($2.2m) ($4.2m) ($3.7m) ($4.1m) ($5.2m) —
Distributions received from equity method investment — — $1.8m $2.5m $2.9m $5.1m $3.6m —
Earnings (Loss)es From Equity Investments — — — ($4.2m) ($3.7m) ($4.1m) ($5.2m) —
Changes in operating assets and liabilities:
Changes in non-cash working capital items — $5.7m ($86k) ($1.1m) $2.3m ($10.2m) $10.2m ($11.0m)
Additional Financial Items
Increase (Decrease) in Accounts Receivable — ($9.5m) $26.0m ($9.0m) ($13.0m) $2.4m $9.2m —
Increase (Decrease) in Inventories — $17.0m $39.7m $57.0m ($68.2m) ($22.7m) ($2.8m) —
Increase (Decrease) in Accounts Payable — $9.8m $10.7m ($12.4m) ($8.5m) ($4.0m) $5.8m —
Foreign Currency Transaction Gain (Loss), before Tax — — — — — ($6.2m) $4.1m —
Goodwill — $115.8m $128.9m $131.4m $131.4m $152.6m $155.2m —
Nonoperating Income (Expense) — ($17.1m) ($19.6m) ($20.5m) ($29.9m) ($31.1m) ($22.3m) —
Payments of Financing Costs — — $1.2m $6.9m — $0 — —
Unrealized Gain (Loss) on Derivatives — — — — ($4.7m) $808k ($717k) —
Gain on insurance proceeds received for capital — — — $0 ($1.5m) $0 $0 —
Unrealized foreign currency (gains) loss — — — $2.5m ($110k) $6.2m ($4.1m) —
Non-cash lease expense — — — $7.4m $7.7m $7.1m $7.5m —
Change in fair value of interest rate swap — — ($858k) ($3.0m) $4.7m ($808k) $717k —
Stock-based compensation expense $808k $1.8m $128.8m $50.6m $18.8m $7.4m $9.2m —
Bad debt expense — — $986k $2.0m $5.4m $2.1m $1.7m —
Other non-cash, net $933k $1.0m $493k $3.0m ($94k) $1.1m $651k —
Provision on liability for uncertain tax positions $5.1m $465k $149k $1.4m ($7.5m) $0 $0 —
Trade receivables ($7.1m) $9.5m ($26.0m) $9.0m $13.0m ($2.4m) ($9.2m) —
Inventories $13.0m ($17.0m) ($39.7m) ($57.0m) $68.2m $22.7m $2.8m —
Prepaid expenses and other current assets $1.5m $1.7m ($4.5m) $4.7m ($1.3m) ($2.0m) ($1.6m) —
Income tax receivable ($503k) ($4.2m) $338k $1.7m $1.3m ($3.0m) ($8.2m) —
Other assets — — $800k ($466k) ($4.3m) $1.3m ($244k) —
Accounts payable ($2.3m) $9.8m $10.7m ($12.4m) ($8.5m) ($4.0m) $5.8m —
Accrued expenses and other current liabilities $699k $20.6m $4.7m ($19.4m) ($11.9m) ($1.3m) ($6.1m) —
Other long-term liabilities $123k $793k ($1.2m) $249k $2.8m ($711k) ($573k) —
Capital reimbursed from insurance proceeds — — — $0 $1.5m $0 $0 —
Proceeds from borrowings on revolving credit facility — — $16.0m $25.0m $48.0m $0 $25.0m —
Payments on revolving credit facilities — — ($16.0m) ($25.0m) ($48.0m) $0 ($25.0m) —
Repayments of finance lease obligations — — — $0 ($625k) ($771k) ($823k) —
Common stock withheld for taxes on restricted stock units — — — — $0 $0 ($2.9m) —
Cash at beginning of period $56.7m $59.3m $44.0m $32.6m $102.8m $56.4m $71.0m —
Purchases of property and equipment included in accounts payable and accrued expenses $312k $1.2m $664k $6.0m $955k $510k $1.1m —
Right-of-use operating and finance lease assets obtained in exchange for lease liabilities — — — $46.2m $6.2m $5.4m $10.4m —
Net (loss) earnings — ($39.7m) ($17.3m) ($15.5m) ($30.1m) ($16.7m) $1.3m ($38.8m)
Change in fair value of contingent consideration — — — $0 $9.2m ($3.8m) ($5.6m) ($2.1m)
Net financial expenses — $231k $242k $4.6m $9.3m $11.9m $8.9m $9.5m
Unrealized foreign exchange loss (gain) — $273k $1.3m $299k ($318k) $153k ($966k) $1.0m
Cash settlement of RSUs, DSUs and PSUs — — — — — ($371k) ($264k) $0
Additions to intangibles — ($49k) ($166k) ($1.4m) ($849k) ($41k) ($239k) ($316k)
Advances on the Credit Facility, net of related transaction costs — $64.1m $53.5m $156.8m $98.7m $148.3m $102.7m $61.4m
Repayment of the Credit Facility — ($54.4m) ($49.9m) ($146.5m) ($97.5m) ($159.1m) ($110.3m) ($50.8m)
Repayment of secured loans — — — — — — ($8.5m) $0
Repayment of balances of purchase price payable — — — — — — ($4.3m) ($7.7m)
Repayment of lease liabilities, including lease termination costs — ($1.8m) ($1.4m) ($2.7m) ($3.7m) ($5.8m) ($4.6m) ($3.8m)
Exercise of stock options — $165k $300k $299k $346k $6k $0 $100k
Shares purchased for settlement of RSUs — — $0 $0 ($29k) $0 ($148k) ($205k)
Shares purchased for cancellation — — $0 ($1.2m) ($1.0m) ($953k) ($402k) ($5.2m)
Financial expenses paid — — — $3.5m $8.1m ($11.0m) ($8.0m) ($8.1m)
Cash, beginning of year — ($4.0m) ($1.9m) $10.8m $4.9m ($13.7m) $7.1m ($3.1m)
Cash, end of year — $12.8m $8.8m $17.7m $17.7m $8.9m $16.0m $12.8m
Other — $0 ($138k) ($533k) $0 ($290k) $0 —
Settlement of RSUs — — — — $0 ($371k) — —
Forgiveness of PPP loans — $0 ($1.9m) ($5.9m) $0 — — —
Loss on disposal of intangibles — $28.0m $0 $262k $0 — — —
Right-of-use assets — $222k $0 ($132k) $0 — — —
Proceeds from issuing shares — — — $24.7m $0 — — —
Lease incentives — $0 $917k $0 — — — —
Interest accretion on balances of purchase payable — $318k $835k $823k — — — —
Gain on sale of subsidiary — ($681k) $0 — — — — —
Short-term deposits — $1.3m $0 — — — — —
Line of credit and demand loan drawn (repaid) — ($3.2m) $0 — — — — —
Beginning Cash Position — — — $44.0m $32.6m $102.8m $56.4m —
Cash Flow From Continuing Financing Activities — — — $3.8m ($13.9m) ($22.0m) ($7.0m) —
Cash Flow From Continuing Investing Activities — — — ($45.0m) ($31.7m) ($84.6m) ($42.3m) —
Change In Account Payable — — — ($12.4m) ($8.5m) ($4.0m) $5.8m —
Change In Accrued Expense — — — ($19.4m) ($11.9m) ($1.3m) ($6.1m) —
Change In Inventory — — — ($57.0m) $68.2m $22.7m $2.8m —
Change In Other Current Assets — — — ($466k) ($4.3m) $1.3m ($244k) —
Change In Other Current Liabilities — — — $249k $2.8m ($711k) ($573k) —
Change In Payable — — — ($12.4m) ($8.5m) ($4.0m) $5.8m —
Change In Payables And Accrued Expense — — — ($31.8m) ($20.4m) ($5.4m) ($269k) —
Change In Prepaid Assets — — — $4.7m ($1.3m) ($2.0m) ($1.6m) —
Change In Receivables — — — $10.7m $14.4m ($5.4m) ($17.4m) —
Change In Working Capital — — — ($73.6m) $59.3m $10.5m ($17.3m) —
Changes In Account Receivables — — — $9.0m $13.0m ($2.4m) ($9.2m) —
Changes In Cash — — — ($8.9m) $70.8m ($45.4m) $14.1m —
End Cash Position — — — $32.6m $102.8m $56.4m $71.0m —
Financing Cash Flow — — — $3.8m ($13.9m) ($22.0m) ($7.0m) —
Free Cash Flow — — — ($7.4m) $83.2m $41.2m $26.0m —
Gain Loss On Investment Securities — — — ($3.0m) $4.7m ($808k) $717k —
Gain Loss On Sale Of Business — — ($4.8m) $0 $0 — — —
Investing Cash Flow — — — ($45.0m) ($31.7m) ($84.6m) ($42.3m) —
Issuance Of Capital Stock — — $399.3m $257.7m $0 $0 — —
Net Business Purchase And Sale — — — ($5.4m) $0 ($64.5m) ($4.9m) —
Net Foreign Currency Exchange Gain Loss — — — $2.5m ($110k) $6.2m ($4.1m) —
Net PPE Purchase And Sale — — — ($39.7m) ($33.2m) ($20.1m) ($37.4m) —
Operating Gains Losses — — — ($1.2m) $896k $1.4m ($8.6m) —
Other Non Cash Items — — — $21.9m $7.9m $9.9m $9.9m —
Purchase Of Business — — — ($5.4m) $0 ($64.5m) ($4.9m) —
Purchase Of PPE — — — ($39.7m) ($33.2m) ($20.1m) ($37.4m) —
Repurchase Of Capital Stock — — ($281.6m) ($280.7m) $0 $0 — —
Sale Of Business — — $7.2m $0 $0 — — —
Sale Of PPE — — $35k $24k $0 $0 — —
Stock Based Compensation — — — $50.6m $18.8m $7.4m $9.2m —
Net Cash Provided by (Used in) Operating Activities $35.7m $63.2m $33.7m $32.3m $116.4m $61.3m $63.4m $25.8m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment ($8.2m) $16.3m $25.0m $39.7m $33.2m $20.1m $25.4m ($1.4m)
Payments to Acquire Businesses, Net of Cash Acquired — $74.7m $90.5m $5.4m — $64.5m $4.9m —
Acquisition of business, net of cash acquired ($20.2m) ($74.7m) ($90.5m) ($5.4m) $0 ($64.5m) ($4.9m) —
Business acquisitions, net of cash acquired — ($15.2m) $0 ($15.7m) ($14.4m) $0 ($6.4m) ($10.9m)
Business divestiture, cash disposed — — — — — — $0 ($951k)
Net Cash Provided by (Used in) Investing Activities ($27.1m) ($115.8m) ($108.2m) ($45.0m) ($31.7m) ($84.6m) ($42.3m) ($13.6m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt — $20.0m $222.8m $320.1m — $0 — —
Issuance Of Debt — — — $345.1m $48.0m $0 $25.0m —
Long Term Debt Issuance — — $222.8m $320.1m $0 $0 — —
Net Issuance Payments Of Debt — — — $33.7m ($13.9m) ($22.0m) ($4.1m) —
Net Long Term Debt Issuance — — — $8.7m ($61.9m) ($22.0m) ($29.1m) —
Net Short Term Debt Issuance — — — $25.0m $48.0m $0 $25.0m —
Short Term Debt Issuance — — — $25.0m $48.0m $0 $25.0m —
Payments on long-term debt borrowings ($5.8m) ($24.0m) ($169.1m) ($286.4m) ($13.2m) ($21.2m) ($3.2m) —
Realized foreign exchange (gain) loss on repayment of long-term debt — $81k ($879k) ($250k) $861k ($26k) $580k ($604k)
Repayment of other long-term debt — — — — — — ($450k) ($350k)
Long Term Debt Payments — — — ($311.4m) ($61.9m) ($22.0m) ($29.1m) —
Repayment Of Debt — — — ($311.4m) ($61.9m) ($22.0m) ($29.1m) —
Short Term Debt Payments — — ($16.0m) ($25.0m) ($48.0m) — — —
Proceeds from Issuance of Common Stock — $65.6m — $257.7m — $0 — —
Common Stock Issuance — — $399.3m $257.7m $0 $0 — —
Net Common Stock Issuance — — $117.6m ($23.0m) $0 $0 — —
Payments for Repurchase of Common Stock — $582k $281.6m $280.7m — $0 — —
Common Stock Payments — — ($281.6m) ($280.7m) $0 $0 — —
Cash Dividends Paid — — ($110.0m) $0 $0 — — —
Common Stock Dividend Paid — — ($110.0m) $0 $0 — — —
Dividend Received CFO — — — $2.5m $2.9m $5.1m $3.6m —
Net Other Financing Charges — — ($1.2m) ($6.9m) — — ($2.9m) —
Net cash (used in) from financing activities — $4.9m $3.4m $27.9m ($11.3m) — — —
Net Cash Provided by (Used in) Financing Activities $16.6m $54.3m $60.0m $3.8m ($13.9m) ($22.0m) ($7.0m) ($14.7m)
Effect of exchange rate changes on cash ($956k) $997k ($861k) ($2.4m) ($631k) ($1.0m) $507k ($596k)
Effect of exchange rate changes — $579k ($308k) ($2.4m) ($631k) ($1.0m) $507k —
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — $2.7m ($15.4m) ($11.3m) $70.1m ($46.4m) $14.6m —
Net increase (decrease) in cash $24.2m $2.7m ($15.4m) ($11.3m) $70.1m ($46.4m) $14.6m —
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — $59.3m $44.0m $32.6m $102.8m $56.4m $71.0m —
Restricted cash — $47k ($1.0m) ($21k) $3.3m $0 — —
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — ($11.3m) $70.1m ($46.4m) $14.6m —
Interest Paid, Excluding Capitalized Interest, Operating Activities $19.5m $15.6m $17.4m $12.6m $25.7m $24.9m $27.0m —
Income Taxes Paid, Net $168k $14.8m $20.1m $20.3m $7.0m $15.5m $8.2m ($72k)

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