← Turtle Beach 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 ($87.2m) ($3.2m) $39.2m $17.9m $38.7m $17.7m ($59.5m) ($17.7m) $16.2m $15.7m
Depreciation, Depletion and Amortization $5.1m $4.1m $4.0m $4.6m $4.4m $4.1m $4.6m $3.8m $4.4m $4.4m
Amortization of Debt Issuance Costs $1.3m $1.6m $1.1m $189k $189k $189k $189k $141k $902k $971k
Amortization of Intangible Assets $4.1m $348k $303k $642k $889k $1.3m $1.2m $1.0m $7.0m $8.1m
Deferred Income Tax Expense (Benefit) ($547k) $181k $549k ($7.5m) $468k $1.1m $6.2m ($44k) ($6.9m) $115k
Payment, Tax Withholding, Share-based Payment Arrangement — — — $255k $325k $463k — — — —
Share-based Payment Arrangement, Expense $4.0m $1.4m $1.9m $3.6m $5.5m $7.7m $8.0m $12.0m $6.2m $6.2m
Goodwill and Intangible Asset Impairment $63.2m $0 $0 — — — $1.9m — — —
Goodwill, Impairment Loss $31.2m — — — — — $0 $0 $0 $0
Impairment of Intangible Assets (Excluding Goodwill) — — — — — — — $1.9m — —
Impairment of Intangible Assets, Finite-lived — — — — — — — $0 $0 $0
Operating Lease, Impairment Loss — — — — — — — — $800k —
Gain (Loss) on Disposition of Intangible Assets — — — — — — ($1.9m) — — —
Gain (Loss) on Disposition of Property Plant Equipment ($15k) ($9k) ($111k) ($28k) ($42k) — — — — —
Gain (Loss) on Extinguishment of Debt $0 $0 ($1.6m) — — — — — — ($1.9m)
Income Tax Expense (Benefit) ($387k) $593k $1.7m ($6.2m) $13.7m $2.4m $5.1m $338k ($5.5m) $1.1m
Operating Lease, Expense — — — $1.0m $1.3m $1.4m $1.4m $1.5m $1.6m $2.8m
Other Nonoperating Income (Expense) ($2.4m) $463k ($7.8m) $2.2m $3.8m $101k ($1.8m) ($394k) ($1.3m) ($945k)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable ($4.1m) ($3.1m) $7.0m ($9.9m) $1.8m ($9.7m) $4.8m $5.8m $15.6m ($17.1m)
Increase (Decrease) in Inventories $7.0m $7.5m $25.4m ($7.3m) $30.7m $32.2m ($22.1m) ($27.3m) $12.3m $983k
Increase (Decrease) in Accounts Payable ($5.1m) $1.5m $4.1m ($393k) $18.7m ($2.8m) ($23.4m) $1.8m ($4.0m) ($10.0m)
Debt and Equity Securities, Gain (Loss) — — — $1.6m — — — — — —
Foreign Currency Transaction Gain (Loss), Unrealized — — — — — — — ($394k) — —
General and Administrative Expense $19.6m $15.7m $16.7m $21.8m $25.6m $31.6m $32.6m $31.3m $28.4m $30.4m
Goodwill $0 $0 $0 $8.5m $8.2m $10.7m $10.7m $10.7m $52.9m $50.4m
Inventory Write-down $11.4m $1.7m $3.4m $3.5m $5.1m $1.6m $4.8m $810k $5.7m $3.0m
Operating Expenses $120.3m $46.2m $54.7m $68.3m $84.6m $108.0m $100.7m $91.9m $109.0m $91.8m
Payments of Financing Costs $1.2m $73k $612k — — — — $80k $2.9m $2.3m
Proceeds from Stock Options Exercised $0 $0 $4.2m $330k $4.2m $5.3m $653k $2.3m $3.4m $2.0m
Unrealized Gain (Loss) on Investments — — ($5.3m) $1.6m $0 — — — — —
Net Cash Provided by (Used in) Operating Activities ($1.8m) $3.4m $42.2m $39.4m $51.0m ($327k) ($41.8m) $27.0m $5.8m $35.5m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $3.2m $4.4m $5.1m $1.9m $5.7m $5.6m $3.5m $2.2m $4.9m $1.4m
Payments to Acquire Businesses, Net of Cash Acquired $0 — — $12.7m — $2.5m — — $77.3m ($2.5m)
Net Cash Provided by (Used in) Investing Activities ($3.2m) ($4.4m) ($5.1m) ($14.6m) ($5.7m) ($8.1m) ($3.5m) ($2.2m) ($82.2m) $1.1m
Cash flows from financing activities:
Proceeds from Issuance of Common Stock $6.0m $0 $0 — — — — — — —
Payments for Repurchase of Common Stock $0 $0 $246k $2.5m — $4.9m — $974k $27.8m $19.0m
Net Cash Provided by (Used in) Financing Activities $4.2m ($162k) ($35.1m) ($24.2m) ($7.4m) ($56k) $19.7m ($17.8m) $71.1m ($32.6m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($85k) $219k ($210k) $556k $458k ($457k) ($635k) $291k ($335k) ($3k)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($85k) $219k ($210k) $1.2m $38.4m ($9.0m) ($26.3m) $7.3m ($5.7m) $4.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $8.2m $46.7m $37.7m $11.4m $18.7m $13.0m $17.0m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $2.1m $2.0m $1.5m $769k $309k $194k $979k $500k $7.1m $7.0m
Income Taxes Paid, Net $0 $0 $0 $2.3m $8.0m $6.6m ($2.4m) $63k $193k $2.5m

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