← TELOS 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 ($7.2m) ($5.8m) ($1.6m) ($6.4m) $1.7m ($43.1m) ($53.4m) ($34.4m) ($52.5m) ($36.5m)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest ($3.7m) ($3.5m) $1.7m ($2.1m) $6.8m ($43.1m) ($53.4m) — — —
Net Income (Loss) Attributable to Noncontrolling Interest $3.5m $2.3m $3.4m $4.3m $5.2m $0 $0 — — —
Depreciation, Depletion and Amortization $2.9m $2.0m $3.0m $5.0m $5.4m $5.6m $5.9m $9.4m $11.9m $11.5m
Amortization of Debt Issuance Costs $65k $160k $198k $461k $978k $0 $0 $69k $70k $70k
Amortization of Intangible Assets $1.1m — — — — $1.9m — — — —
Capitalized Computer Software, Amortization — $200k $1.1m $1.8m $1.7m — $700k — — —
Other Depreciation and Amortization $1.8m $2.0m $3.0m $5.0m $5.4m $3.1m $2.4m $2.2m $1.6m $1.7m
Deferred Income Tax Expense (Benefit) $192k ($2.7m) $77k ($197k) $31k $70k $35k $55k $0 ($760k)
Share-based Payment Arrangement, Noncash Expense $0 $50k $0 $0 $4k $60.2m $64.7m $24.4m $21.4m $30.1m
Payment, Tax Withholding, Share-based Payment Arrangement — — — — $0 $0 $5.7m $3.7m $457k $7.3m
Share-based Payment Arrangement, Expense — — — — — $60.2m $64.7m $24.4m $21.4m $30.1m
Goodwill, Impairment Loss — — — — — $0 $0 $0 $0 $14.9m
Impairment of Intangible Assets (Excluding Goodwill) — — — — — — — $487k $11.7m $0
Impairment of Intangible Assets, Finite-lived $0 $0 $0 $0 $0 — — $487k $6.4m $0
Gain (Loss) on Extinguishment of Debt — $1.0m $0 $0 ($275k) $0 $0 $1.4m $0 —
Gain (Loss) on Disposition of Assets $0 ($4k) ($3k) ($15k) ($1k) ($6k) ($4k) ($2k) $9k ($15k)
Income Tax Expense (Benefit) $334k ($2.8m) $31k ($104k) ($46k) ($28k) $54k $36k $26k ($663k)
Interest Expense Nonoperating — — — — — — — — $644k $553k
Operating Lease, Expense — — — — — $800k — — — —
Other Nonoperating Income (Expense) — — — — — — $1.4m $6.7m $4.0m $3.2m
Changes in operating assets and liabilities:
Noncash investing and financing activities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable ($14k) $5.4m $9.9m ($6.2m) $2.6m $28.9m ($19.7m) ($9.5m) ($11.3m) ($2.2m)
Increase (Decrease) in Inventories $866k $10.0m ($9.1m) ($2.0m) $1.3m ($2.1m) $1.6m ($1.5m) $471k —
Increase (Decrease) in Accounts Payable — — — — — — — — — $2.7m
Accounts Receivable, Credit Loss Expense (Reversal) ($56k) ($18k) ($105k) $414k ($412k) $7k $99k $152k ($20k) $2k
Proceeds from Stock Options Exercised — — — — — — — $0 $203k $108k
Purchases of property and equipment, accrued but unpaid $624k $748k $2.5m $4.1m $780k $3.2m $1.0m $926k $2.3m $739k
Accretion Expense — — — — — $19k $48k $2k $0 —
General and Administrative Expense — — — — $41.7m $88.7m $99.4m $73.9m $75.5m $78.9m
Goodwill $14.9m $14.9m $14.9m $14.9m $14.9m $17.9m $17.9m $17.9m $17.9m $3.0m
Inventory Write-down $215k $73k $30k $376k ($1k) $10k — — $108k $418k
Nonoperating Income (Expense) $18k $11k $12k $201k ($255k) ($921k) — — — —
Operating Expenses — — — — — — — — $90.3m $100.9m
Payments for Repurchase of Warrants — — — — — $26.9m $0 — — —
Realized Investment Gains (Losses) — — — — — — — — — $800k
Net Cash Provided by (Used in) Operating Activities $13.9m ($591k) $6.3m $11.8m ($2.1m) $7.3m $16.5m $1.6m ($25.9m) $30.2m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $624k $748k $2.5m $4.1m $780k $3.2m $1.0m $926k $2.3m $739k
Payments to Acquire Investments — — — — — — — — $3.0m $0
Net Cash Provided by (Used in) Investing Activities ($624k) ($2.2m) ($4.1m) ($6.5m) ($7.5m) ($19.1m) ($13.7m) ($15.5m) ($16.8m) ($8.9m)
Cash flows from financing activities:
Proceeds from Issuance of Common Stock — — — — — $64.3m $0 — — —
Payments for Repurchase of Common Stock — — — $0 $0 $1.3m $11.1m $139k $0 $13.6m
Dividends Payable $3.9m $3.8m — — — — — — — —
Net Cash Provided by (Used in) Financing Activities ($12.6m) $2.8m ($2.7m) $1.4m $108.9m $32.3m ($9.9m) ($6.2m) ($2.0m) ($22.7m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — $600k $72k $6.8m $106.0m $20.5m ($7.1m) ($20.0m) ($44.7m) ($1.4m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $6.8m $106.0m $126.6m $119.4m $99.4m $54.7m $53.3m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $1.3m $2.4m $2.5m $3.3m $7.3m $758k $803k $693k $563k $482k
Income Taxes Paid, Net — — — — — — — — — $42k

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