← Tecnoglass Inc.

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 $23.2m $5.4m $9.0m $24.5m $24.2m $68.4m $155.7m $182.9m $161.3m $159.6m
Net Income (Loss) Available to Common Stockholders, Basic — — — — — $68.2m — — — —
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — $5.7m $8.5m $24.3m $24.2m $68.4m $156.4m $183.5m $161.3m $159.6m
Net Income (Loss) Attributable to Noncontrolling Interest — $276k ($545k) ($266k) ($25k) $277k $669k $628k — —
Depreciation and amortization $15.5m $21.0m $23.2m $22.7m $20.6m $20.9m $19.7m $21.9m $26.5m $36.8m
Amortization of Deferred Charges — $1.2m $1.5m — — — — — — —
Amortization of Intangible Assets $825k $3.5m $4.3m $2.7m $2.2m $2.3m $1.4m $1.2m $1.4m $2.7m
Depreciation $14.5m $17.5m $18.8m $18.4m $17.1m $17.3m $16.5m $18.5m $22.2m $30.7m
Deferred Income Tax Expense (Benefit) — ($6.1m) ($3.3m) $2.7m ($6.6m) $4.4m $5.5m $8.3m ($1.9m) $7.6m
Share-based Payment Arrangement, Noncash Expense — $284k — — — — — — — —
Gain (Loss) on Disposition of Assets $477k ($17k) ($33k) — — — — — — $4.1m
Gain (Loss) on Extinguishment of Debt — ($3.1m) — — — ($10.7m) — — — ($1.4m)
Income (Loss) from Equity Method Investments — — — $596k $1.4m $4.2m $6.7m $5.0m $5.4m $2.5m
Income Tax Expense (Benefit) $16.1m $5.8m $6.0m $12.9m $13.0m $28.5m $74.8m $77.9m $63.8m $75.7m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $26.0m ($2.5m) $23.7m $19.6m ($4.6m) $38.5m $54.2m $780k $44.4m $25.3m
Increase (Decrease) in Inventories $4.3m $16.4m $28.1m ($8.4m) $2.1m $16.7m $63.9m $522k $2.9m $45.1m
Increase (Decrease) in Accounts Payable $1.6m $13.1m $34.6m — — — — — — —
Foreign Currency Transaction Gain (Loss), before Tax ($1.4m) ($3.0m) ($14.5m) ($973k) ($8.6m) ($4.3m) $2.0m $686k ($5.7m) $3.8m
Foreign Currency Transaction Gain (Loss), Unrealized — — — — ($7.9m) ($14.2m) ($15.4m) $25.9m ($12.0m) $22.5m
General and Administrative Expense $27.8m $31.0m $33.6m $35.1m $34.2m $35.8m $54.1m $63.1m $71.7m $90.9m
Goodwill $1.3m $23.1m $23.6m $23.6m $23.6m $23.6m $23.6m $23.6m $23.6m $30.1m
Inventory Write-down ($84k) — — — — — — — — —
Nonoperating Income (Expense) $4.2m $3.2m $2.9m $1.6m $12k $600k $4.2m $5.1m $5.9m $3.1m
Operating Expenses $64.8m $64.8m $73.0m $77.0m $73.1m $85.6m $123.1m $131.2m $153.0m $196.3m
Payments of Financing Costs — — — — — — — — — $1.0m
Proceeds from Stock Options Exercised $404k — — — — — — — — —
Unrealized Gain (Loss) on Derivatives $776k — — $509k $159k ($159k) $9.2m — — —
Unrealized Gain (Loss) on Investments $33k — — — — — — — — —
Derivative, Gain (Loss) on Derivative, Net $21k — — — — — — — — —
Other Operating Income (Expense), Net — — $47.2m — — — — — — —
Net Cash Provided by (Used in) Operating Activities $2.3m $1.8m ($5.0m) $26.7m $71.4m $117.3m $141.9m $138.8m $170.5m $135.8m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $22.9m $7.0m $13.1m $25.0m $18.3m $51.5m $71.3m $78.0m $79.6m $101.3m
Payments to Acquire Businesses, Net of Cash Acquired — — — — — — — — — $6.8m
Payments to Acquire Investments $27.0m $600k $1.2m $1.7m $218k $63k $1.3m $339k $429k $677k
Net Cash Provided by (Used in) Investing Activities ($24.7m) ($14.9m) ($18.7m) ($59.2m) ($18.1m) ($50.8m) ($72.6m) ($76.0m) ($77.3m) ($87.6m)
Cash flows from financing activities:
Dividends paid $741k $2.5m $2.7m $5.2m $3.8m $5.2m $12.9m $16.4m $19.7m $28.1m
Dividends Payable, Current $3.5m $585k $736k $67k $1.4m $3.1m $3.6m $4.3m $7.1m $6.7m
Dividends Payable — $585k — — — — — — — —
Net Cash Provided by (Used in) Financing Activities $31.5m $14.8m $17.0m $47.3m ($33.5m) ($43.8m) ($44.8m) ($42.8m) ($84.5m) ($85.5m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — $14.8m $19.0m $17.3m $18.7m $25.8m $5.4m ($34.0m)
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities — $15.8m $18.2m $19.7m $19.2m $15.5m $6.4m $11.6m $10.0m $6.6m
Income Taxes Paid, Net $25.8m $17.8m $8.4m $12.3m $10.9m $15.3m $27.2m $107.2m $86.6m $76.1m

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