← TENNANT CO
| 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 | $46.6m | ($6.2m) | $33.4m | $45.8m | $33.7m | $64.9m | $66.3m | $109.5m | $83.7m | $43.8m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | ($6.2m) | $33.5m | $45.9m | $33.7m | $64.9m | $66.3m | $109.5m | $83.7m | $43.8m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | ($10k) | $126k | $100k | $0 | $0 | — | — | — | — | |
| Amortization of Debt Issuance Costs | — | $1.8m | $2.4m | $1.3m | $1.4m | — | — | — | — | — | |
| Amortization of Intangible Assets | $409k | $17.1m | $22.1m | $22.2m | $20.8m | $20.0m | $15.9m | $14.7m | $15.0m | $13.7m | |
| Depreciation | $17.9m | $26.2m | $32.3m | $32.2m | $32.6m | $33.1m | $32.8m | $36.4m | $40.1m | $45.0m | |
| Deferred Income Tax Expense (Benefit) | ($979k) | ($7.2m) | ($9.5m) | ($9.2m) | ($2.4m) | ($15.0m) | ($15.6m) | ($26.9m) | ($9.5m) | $3.9m | |
| Share-based Payment Arrangement, Noncash Expense | $3.9m | $5.9m | $8.3m | $11.4m | $6.0m | $9.5m | $7.8m | $11.6m | $11.9m | $10.4m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | — | — | $3.8m | $3.1m | |
| Share-based Payment Arrangement, Expense | $3.9m | $5.9m | $8.3m | $11.4m | $6.0m | $9.5m | $7.8m | $11.6m | $11.9m | $10.4m | |
| Goodwill, Impairment Loss | — | — | — | — | $0 | $0 | $0 | $0 | $0 | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | — | $3.7m | $0 | $0 | — | |
| Gain (Loss) on Disposition of Business | ($149k) | $0 | — | — | — | $9.8m | $3.7m | $0 | $0 | — | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | ($11.3m) | $0 | $0 | — | — | |
| Income (Loss) from Equity Method Investments | — | $0 | $0 | $0 | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $19.9m | $4.9m | $2.3m | $8.1m | $7.4m | $9.2m | $13.2m | $14.3m | $21.1m | $14.1m | |
| Other Nonoperating Income (Expense) | ($666k) | ($2.0m) | ($729k) | $700k | $100k | ($300k) | $600k | ($1.6m) | ($500k) | $300k | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $9.3m | $14.4m | $7.6m | $8.5m | ($26.0m) | $20.3m | $46.3m | ($4.1m) | $15.0m | ($4.1m) | |
| Increase (Decrease) in Inventories | ($23k) | $2.9m | $16.6m | $21.1m | ($18.3m) | $56.0m | $68.3m | ($14.3m) | $33.0m | $21.7m | |
| Increase (Decrease) in Accounts Payable | ($3.9m) | $10.8m | $4.6m | ($7.5m) | $8.5m | $19.1m | $7.7m | ($15.3m) | $15.4m | ($1.9m) | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | $149k | — | — | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($392k) | ($3.4m) | ($1.1m) | ($700k) | ($5.3m) | ($700k) | ($1.2m) | $300k | $100k | ($1.7m) | |
| Goodwill | $21.1m | $186.0m | $182.7m | $195.1m | $207.8m | $193.1m | $182.0m | $187.4m | $185.6m | $208.6m | |
| Investment Income, Interest | $330k | $2.4m | $3.0m | $3.3m | $3.3m | — | — | — | — | — | |
| Nonoperating Income (Expense) | ($2.0m) | ($28.3m) | ($22.1m) | ($17.8m) | ($22.6m) | — | — | — | — | — | |
| Operating Expenses | $283.1m | $377.4m | $387.1m | $389.9m | $344.1m | — | — | — | — | — | |
| Payments of Financing Costs | — | — | — | — | — | — | — | — | $2.2m | $0 | |
| Net Cash Provided by (Used in) Operating Activities | $57.9m | $54.2m | $80.0m | $71.9m | $133.8m | $69.4m | ($25.1m) | $188.4m | $89.7m | $65.0m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $26.5m | $20.4m | $18.8m | $38.4m | $29.9m | $19.4m | $25.0m | $22.8m | $20.9m | $21.7m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $12.9m | $354.1m | $0 | $19.7m | $0 | $0 | $0 | $0 | $25.7m | $3.2m | |
| Payments to Acquire Investments | — | — | — | — | — | — | — | — | $32.1m | $0 | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | — | — | — | $0 | $0 | — | |
| Net Cash Provided by (Used in) Investing Activities | ($40.4m) | ($375.4m) | ($16.0m) | ($55.6m) | ($29.9m) | $1.7m | ($24.5m) | ($23.2m) | ($78.4m) | ($22.7m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $15.0m | $440.0m | $11.0m | $25.0m | $126.4m | $315.8m | $52.0m | $20.0m | $40.9m | $85.0m | |
| Repayments of Long-term Debt | — | $96.2m | — | — | — | — | — | — | — | — | |
| Proceeds from Issuance of Common Stock | $5.3m | $6.9m | $5.9m | $6.1m | $4.9m | $5.0m | ($900k) | $19.0m | $19.6m | ($2.5m) | |
| Payments for Repurchase of Common Stock | $12.8m | $0 | $0 | — | — | $15.0m | $5.0m | $21.7m | $19.6m | $88.5m | |
| Dividends paid | $14.3m | $15.0m | $15.3m | $16.0m | $16.3m | $17.5m | $18.9m | $20.1m | $21.4m | $21.9m | |
| Net Cash Provided by (Used in) Financing Activities | ($9.6m) | $319.5m | ($32.8m) | ($27.4m) | ($42.8m) | ($84.5m) | $8.1m | ($122.6m) | ($25.2m) | ($38.7m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | ($4.1m) | ($400k) | $5.3m | ($4.0m) | ($4.7m) | ($2.9m) | ($3.4m) | $3.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $27.1m | ($11.5m) | $66.4m | ($17.4m) | ($46.2m) | $39.7m | ($17.3m) | $6.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $86.1m | $74.6m | $141.0m | $123.6m | $77.4m | $117.1m | $99.8m | $106.4m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $14.2m | $22.4m | $19.7m | $18.3m | $11.7m | $7.6m | $17.1m | $13.6m | $12.3m | |
| Income Taxes Paid, Net | $14.2m | $13.5m | $11.1m | $21.7m | $12.0m | $19.5m | $34.1m | $39.5m | $30.2m | $13.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.