← TUCOWS INC /PA/

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 $16.1m $22.3m $17.1m $15.4m $5.8m $3.4m ($27.6m) ($96.2m) ($109.9m) ($75.8m)
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $16.1m $22.3m $17.1m $15.4m $5.8m — — — — —
Depreciation and amortization $504k $585k $424k $486k $488k $534k $598k $567k $451k $3.5m
Amortization of Debt Issuance Costs $31k $273k $281k $297k $269k $300k — — — —
Amortization of Debt Issuance Costs and Discounts $31k $273k $281k $297k $269k $300k $685k $3.3m $4.5m $4.7m
Amortization of Intangible Assets $953k $8.4m $9.2m $10.3m $11.4m $10.0m $11.4m $10.8m $5.3m $4.7m
Depreciation $1.8m $3.7m $5.7m $9.0m $12.6m $18.0m $28.2m $36.4m $40.3m $41.6m
Deferred Income Tax Expense (Benefit) $1.2m ($3.3m) $1.0m $1.3m ($3.9m) ($1.3m) ($7.0m) ($13.0m) $854k ($289k)
Share-based Payment Arrangement, Noncash Expense $799k $1.5m $2.6m $2.9m $3.7m $4.6m $7.6m $8.1m $7.0m $7.1m
Payment, Tax Withholding, Share-based Payment Arrangement $363k $1.5m $445k $548k $556k $387k $0 $0 — —
Share-based Payment Arrangement, Expense $799k $1.5m $2.6m $2.9m $3.7m $4.6m $5.8m — — —
Goodwill, Impairment Loss — — — $0 $0 $0 $0 $0 $0 $0
Impairment of Intangible Assets (Excluding Goodwill) — — — — $1.4m $0 $0 — — $165k
Impairment of Intangible Assets, Finite-lived — — — — $1.4m $0 $0 — — —
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) $43k $111k — — — — $0 $0 — $0
Operating Lease, Impairment Loss — — — — — — — — — $700k
Gain (Loss) on Extinguishment of Debt — — — — — $0 $0 ($14.7m) $0 $0
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property — ($17k) $0 $142k $1.6m $510k $0 $0 $542k $19.5m
Gain (Loss) on Disposition of Assets — — — — — — — — — $5.9m
Gain (Loss) on Disposition of Property Plant Equipment — $17k $0 ($73k) $17k ($234k) ($461k) $0 $0 $5.9m
Income Tax Expense (Benefit) $9.0m $1.7m $9.0m $9.2m $5.0m $3.9m ($217k) ($6.9m) $8.0m $8.5m
Interest Expense Nonoperating — — — — — — — — $54.4m $57.2m
Other Nonoperating Income (Expense) $516k $561k $518k — ($158k) ($370k) ($177k) $0 $436k $11.4m
Changes in operating assets and liabilities:
Noncash investing and financing activities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $3.8m ($1.0m) ($1.5m) $3.0m $281k ($1.6m) $3.8m $3.8m ($1.3m) $3.6m
Increase (Decrease) in Inventories $307k $1.7m $831k ($318k) ($945k) $787k $4.0m ($361k) ($2.8m) —
Increase (Decrease) in Accounts Payable $391k ($3.8m) $171k ($1.2m) ($902k) $4.1m $6.8m ($5.3m) ($3.4m) —
Proceeds from Stock Options Exercised $146k $222k $112k $395k $985k $4.8m $1.1m $0 $43k $31k
Purchases of property and equipment, accrued but unpaid $7.9m $12.9m $27.9m $44.1m $44.4m $73.2m $136.7m $92.1m $56.5m $17.1m
Accretion Expense — — — — $344k $383k $248k $0 $0 $0
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal — — — — $7.6m $20.0m $18.5m — — —
Foreign Currency Transaction Gain (Loss), Unrealized — — — — — ($219k) ($281k) $62k $167k $391k
Gain (Loss) on Sale of Derivatives $99k $98k ($254k) $198k $383k $277k $0 $0 — —
General and Administrative Expense $11.4m $13.6m $17.7m $17.9m $20.3m $22.4m $30.8m $33.4m $37.1m $42.9m
Goodwill $21.0m $90.1m $90.1m $109.8m $116.3m $130.4m $130.4m $130.4m $130.4m $130.4m
Investment Income, Interest — — — — — — — $4.5m $3.2m $1.9m
Nonoperating Income (Expense) $66k ($3.0m) ($3.2m) ($4.8m) $3.8m $15.0m $3.9m ($39.4m) ($36.9m) ($43.8m)
Operating Expenses $38.0m $57.4m $67.4m $71.4m $78.6m $86.1m $109.9m $130.3m $148.0m $117.4m
Payments of Financing Costs $514k $620k $8k $641k — $296k $748k $1.7m $25k $423k
Revenue from Contract with Customer, Including Assessed Tax — — $346.0m $337.1m $311.2m $304.3m $321.1m $339.3m — $390.3m
Unrealized Gain (Loss) on Derivatives $323k ($17k) ($207k) $313k $500k ($606k) ($281k) ($1.6m) $0 $0
Gain (Loss) on Derivative Instruments, Net, Pretax — — — — — — $496k — — —
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax ($641k) $650k ($212k) — — — — — — —
Net Cash Provided by (Used in) Operating Activities $21.6m $31.9m $37.2m $40.4m $36.1m $29.6m $19.9m ($4.8m) ($19.7m) ($5.8m)
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $7.9m $12.9m $27.9m $44.1m $44.4m $73.2m $136.7m $92.1m $56.5m $17.1m
Payments to Acquire Businesses, Net of Cash Acquired — $76.2m — — — — — — — —
Payments to Acquire Investments — — — — — $2.0m $0 $0 — —
Net Cash Provided by (Used in) Investing Activities ($14.4m) ($94.1m) ($29.7m) ($76.1m) ($53.3m) ($102.0m) ($137.5m) ($92.6m) ($56.5m) $2.2m
Cash flows from financing activities:
Payments for Repurchase of Common Stock $7.2m — — $5.0m $3.3m $0 $0 — — —
Net Cash Provided by (Used in) Financing Activities $180k $65.2m ($12.9m) $43.5m $5.1m $73.1m $132.0m $178.8m $44.5m ($5.4m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — ($5.4m) $7.8m ($12.1m) $794k $14.4m $81.5m ($31.7m) ($9.0m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — ($5.4m) $7.8m ($12.1m) $794k $14.4m $105.0m $73.2m $64.2m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $420k $3.6m $3.7m $4.8m $3.6m $4.5m $10.3m $24.7m $38.0m $43.8m
Income Taxes Paid, Net $3.8m $7.8m $6.8m $7.9m $8.9m $8.8m $3.9m $4.9m $7.7m $5.7m

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