← Turning Point Brands, 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 $26.9m $20.2m $25.3m $13.8m $33.0m $52.1m $11.6m $38.5m $39.8m $58.2m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — $19.7m $25.3m $13.8m — $51.3m $11.2m $37.8m $40.5m $68.2m
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — — $19.9m $285k $48.0m $68.2m
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — — $19.9m $285k ($7.5m) $0
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent — — — — — — $19.9m $285k ($7.5m) $0
Net Income (Loss) Attributable to Noncontrolling Interest — ($556k) $0 $0 — ($797k) ($484k) ($681k) $701k $10.0m
Depreciation, Depletion and Amortization $1.3m $2.3m $3.1m $4.1m $5.0m $5.0m $5.3m $6.4m — —
Amortization of Debt Issuance Costs $1.4m $1.0m $951k — — $2.5m $2.6m $2.4m $2.4m $1.7m
Amortization of Debt Issuance Costs and Discounts — — — $4.4m $9.0m — — — — —
Amortization of Intangible Assets $58k $702k $1.0m $1.5m $1.8m $1.9m $1.9m $3.1m $1.2m $1.2m
Depreciation $1.2m $1.6m $2.1m $2.6m $3.2m $3.1m $3.4m — — —
Deferred Income Tax Expense (Benefit) ($12.7m) $5.2m $2.6m ($4.2m) $2.8m ($1.5m) ($6.5m) $7.0m $519k $8.9m
Share-based Payment Arrangement, Noncash Expense $100k $720k $1.4m $3.6m $2.6m $7.6m $5.3m $6.6m $7.2m $7.0m
Goodwill and Intangible Asset Impairment $0 $0 $0 $0 $0 $0 $27.6m $0 — —
Goodwill, Impairment Loss — — — — — — $25.6m $0 — —
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) — — — — — — $2.0m $0 — —
Operating Lease, Impairment Loss — — — $301k $149k $0 $0 — — —
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property $0 ($150k) $0 ($7k) ($123k) $54k $9k ($90k) ($75k) ($106k)
Gain (Loss) on Extinguishment of Debt ($2.8m) ($6.1m) ($2.4m) ($1.3m) $0 $2.2m $885k $1.7m $0 ($1.2m)
Income (Loss) from Equity Method Investments — — — — — — — $2.3m ($75k) ($1.2m)
Income Tax Expense (Benefit) ($12.0m) $7.3m $6.3m $2.0m $10.0m $14.0m $4.8m $23.9m $16.9m $15.0m
Interest Expense Nonoperating — — — — — — — — $18.5m $25.4m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable ($2.1m) $1.1m ($824k) $3.5m $2.1m ($3.3m) $2.1m $1.6m ($185k) $16.1m
Increase (Decrease) in Inventories $12.5m ($495k) $20.6m ($21.0m) $7.7m $9k $32.7m ($21.0m) $4.8m $11.6m
Increase (Decrease) in Accounts Payable $3.6m ($5.7m) $2.5m $6.6m ($5.1m) ($2.4m) $1.2m ($14k) $3.7m $8.6m
Accounts Receivable, Credit Loss Expense (Reversal) $430k $0 $0 — — — — — $23k $140k
Proceeds from Stock Options Exercised $169k $1.4m $833k $738k $862k $2.1m $504k $450k $2.8m $7.6m
Gain (Loss) on Investments — $438k — — — — $13.6m $12.2m ($2.7m) $484k
Goodwill $134.4m $134.6m $145.9m $154.3m $159.6m $162.3m $136.3m $136.2m $135.9m $136.1m
Insured Event, Gain (Loss) — — — — — — — $15.2m — —
Investment Income, Interest $768k $438k $424k $2.6m $198k — — — $4.5m $7.9m
Payments for Repurchase of Warrants $5.5m $0 $0 — — — — — — —
Payments of Financing Costs $450k $4.8m $3.3m $7.1m $194k $6.9m $0 $2.4m $133k $7.3m
Pension Expense (Reversal of Expense), Noncash — — — — $1.2m $0 $0 — — —
Realized Investment Gains (Losses) — — — — — $255k $54k $0 — —
Revenue from Contract with Customer, Including Assessed Tax — — $332.7m $362.0m $405.1m $445.5m $415.0m $405.4m $360.7m $463.1m
Stock or Unit Option Plan Expense $117k $400k $700k $1.7m $1.2m $2.3m $1.1m $700k — —
Other Operating Income (Expense), Net — — — — — — — $4.3m $1.7m $0
Net Cash Provided by (Used in) Operating Activities $9.1m $29.7m $13.1m $37.8m $43.7m $68.2m $30.3m $66.9m $67.1m $57.4m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $3.2m $2.0m $2.3m $4.8m $6.1m $6.2m $7.7m $5.7m $4.6m $13.5m
Payments to Acquire Businesses, Net of Cash Acquired $23.6m ($268k) $19.2m $7.7m $39.4m $16.4m $0 $0 — —
Payments to Acquire Investments — — — — — — — — $10.9m $13.8m
Gain (Loss) on Sale of Investments — — — $2.0m $0 ($7.1m) ($13.6m) ($12.2m) $14k $0
Net Cash Provided by (Used in) Investing Activities ($26.8m) ($1.9m) ($24.7m) $15.9m ($64.8m) ($58.8m) ($18.8m) ($5.9m) ($10.5m) ($31.7m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $0 — — — — — — — — —
Proceeds from Issuance of Common Stock $55.7m $0 $0 — — — — — — $97.5m
Payments for Repurchase of Common Stock $0 — — — $10.2m $38.7m $29.2m $0 $5.1m $0
Payments of Ordinary Dividends, Common Stock — $768k $2.3m $3.5m $3.8m $4.1m $4.2m $4.5m $4.9m $5.5m
Proceeds from Noncontrolling Interests — — — — — — — — — $11.0m
Payments of Dividends — $768k $2.3m $3.5m $3.8m $4.1m $4.2m $4.5m $4.9m $5.5m
Dividends Payable, Current — — $915k $962k $1.1m $1.3m $1.4m $1.5m — —
Dividends Payable — — — — — — — — $1.6m $1.4m
Net Cash Provided by (Used in) Financing Activities $15.7m ($28.0m) $9.9m $68.0m ($29.3m) $57.1m ($43.3m) ($49.5m) ($128.3m) $148.3m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($31.0m) $558k ($1.6m) $121.7m ($50.5m) $66.4m ($31.8m) $11.5m ($71.7m) $174.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — $5.7m $127.3m $76.8m $143.5m $111.3m $122.8m — —
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $34.6m $15.8m $14.2m $11.8m $11.5m $12.5m $18.7m $18.0m $17.5m $20.5m
Income Taxes Paid, Net $623k $1.8m $3.2m $11.3m $3.4m $16.1m $13.4m $12.4m $21.0m $10.4m

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