TREDEGAR CORP

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Net income (loss) $24.5m $38.3m $24.8m $48.3m ($75.4m) $57.8m $28.5m ($105.9m) ($64.6m) $33.5m
Depreciation $28.5m $34.1m $29.8m $30.7m $28.9m $22.1m $23.9m $25.8m $23.7m $20.0m
Amortization of identifiable intangibles $4.0m $6.2m $4.0m $13.6m $3.0m $1.7m $2.5m $1.9m $1.9m $1.8m
Deferred income taxes ($3.7m) ($36.4m) $8.6m $5.9m ($16.9m) ($4.9m) $544k ($56.1m) ($8.2m) $6.2m
Goodwill impairment $46.8m $0 $13.7m $0 $0 $34.9m $13.3m $0
Production equipment asset impairment $0 $0 $843k
Impairment of Richmond, Virginia Technical Center assets $0 $0 $3.5m $0 $0
Reduction of right-of-use lease asset $2.8m $2.1m $2.1m $2.2m $2.3m $2.1m
Accrued pension and postretirement benefits $11.0m $10.2m $10.4m ($9.6m) $14.7m $14.2m $14.6m $10.8m $217k $161k
OPEB termination gain $0 $0 ($6.3m)
Pension settlement loss and (gain) on Other Post-Retirement Benefits termination $0 $0 $92.3m $0 $0
Stock-based compensation expense $7.3m $5.4m $5.2m $3.6m $2.0m $2.5m $1.8m
Gain on investment in kaléo $10.9m ($60.9m) $11.9m $1.4m ($262k) ($144k) $0
Gain on the sale of assets ($220k) $553k ($46k) ($6.3m) $0 $0 $0 ($1.5m)
Accounts and other receivables $92k ($10.6m) ($11.9m) $16.5m ($335k) ($17.0m) $18.6m $17.4m ($14.8m) ($17.0m)
Inventories $1.1m ($9.1m) ($9.6m) $11.3m ($4.4m) ($23.1m) ($37.8m) $47.6m ($6.9m) ($13.6m)
Income taxes recoverable/payable ($7.1m) ($24.4m) $25.0m $2.6m $1.6m $9.0m ($6.4m) ($406k) $137k $89k
Prepaid expenses and other ($1.9m) ($784k) ($1.9m) $795k ($2.2m) $3.6m ($2.5m) $1.2m ($7.2m) $2.1m
Accounts payable and accrued expenses $161k $21.1m $5.6m ($2.9m) $4.0m $19.8m ($14.9m) ($25.2m) $10.0m $13.6m
Lease liability $0 $0 ($2.7m) ($3.0m) ($1.9m) ($2.3m) ($2.3m) ($2.7m) ($2.4m)
Pension and postretirement benefit plan contributions ($8.1m) ($5.8m) ($8.9m) ($8.6m) ($12.7m) $5.7m ($50.7m) ($28.3m) ($587k) ($557k)
Other, net $2.2m $2.8m $5.4m $5.0m $7.3m $310k $870k $2.8m $1.8m $1.8m
Proceeds from the sale of kaléo $0 $0 $47.1m $1.4m $262k $144k $0
Proceeds from the sale of assets $10.9m $0 $4.7m $10k $0 $83k $1.9m
Borrowings $96.8m $190.8m $76.8m $65.5m $162.2m $75.5m $313.5m $116.1m $615.2m $123.4m
Repayments of Long-Term Lines of Credit $125.0m $70.2m $136.5m $249.5m ($107.7m) ($679.6m) ($150.3m)
Debt financing costs ($2.6m) $0 $0 ($1.8m) ($693k) $0 ($1.2m) ($4.0m) ($587k) ($1.3m)
Interest payments $3.1m $5.8m $5.4m $4.4m $1.7m $2.9m $4.4m $10.5m $13.5m $3.9m
Income tax payments, net $15.4m $9.2m ($24.0m) $2.6m $1.7m $4.7m $10.8m $2.3m $12.2m $3.4m
Net cash provided by (used in) operating activities $48.9m $88.2m $97.8m $115.9m $74.4m $70.6m ($20.8m) $24.0m $25.5m $33.0m
Capital expenditures ($45.5m) ($44.4m) ($40.8m) ($50.9m) ($23.4m) ($27.4m) ($36.9m) ($26.4m) ($14.3m) ($17.2m)
(Gain) loss on sale of divested business $0 $0 ($74.9m) $9.7m
Net proceeds on sale of divested business $0 $0 $1.4m $0 $56.2m $0 $0 $0 $54.6m $9.8m
Net cash provided by (used in) investing activities ($42.0m) ($125.6m) ($34.1m) ($39.9m) $32.9m $24.4m ($35.5m) ($26.2m) $40.5m ($5.5m)
Dividends paid ($14.5m) ($14.5m) ($14.6m) ($15.3m) ($216.0m) ($16.2m) ($17.0m) ($8.9m) $0 $0
Net cash provided by (used in) financing activities: ($23.7m) $43.2m ($64.1m) ($77.3m) ($125.6m) ($76.8m) $45.4m ($4.5m) ($65.0m) ($28.2m)
Effect of exchange rate changes on cash $2.2m $1.2m ($1.7m) ($1.6m) ($1.2m) $484k ($371k) $896k ($7.4m) $347k
Increase (decrease) in cash and cash equivalents ($14.6m) $7.0m ($2.1m) ($3.0m) ($19.6m) $18.7m ($11.3m) ($5.8m) ($6.4m) ($333k)
Cash and cash equivalents at beginning of period $44.2m $29.5m $36.5m $34.4m $31.4m $11.8m $30.5m $13.5m $7.1m $6.7m