← TRUPANION, 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) Available to Common Stockholders, Basic | ($6.9m) | ($1.5m) | ($927k) | ($1.8m) | ($5.8m) | ($35.5m) | ($44.7m) | ($44.7m) | ($9.6m) | $19.4m | |
| Depreciation, Depletion and Amortization | $3.8m | $4.2m | $4.5m | $5.6m | $7.1m | $12.0m | $10.9m | $12.5m | $16.5m | $15.8m | |
| Amortization | — | — | $500k | — | — | — | — | — | — | — | |
| Amortization of Debt Issuance Costs and Discounts | $58k | — | — | — | — | — | — | — | — | — | |
| Amortization of Intangible Assets | — | — | $200k | $900k | $1.9m | $4.9m | $4.8m | $5.7m | $5.3m | $4.6m | |
| Depreciation | $3.8m | $4.2m | $4.3m | $4.7m | $5.2m | $7.1m | $6.1m | $6.7m | $11.2m | $11.2m | |
| Deferred Income Tax Expense (Benefit) | $0 | ($626k) | ($34k) | $105k | ($130k) | ($1.8m) | ($420k) | ($798k) | ($735k) | ($579k) | |
| Share-based Payment Arrangement, Noncash Expense | $2.9m | $3.4m | $4.8m | $6.8m | $8.9m | $28.2m | $33.4m | $33.2m | $33.4m | $38.3m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $662k | $1.2m | $1.8m | $1.7m | $1.1m | $4.7m | $4.4m | $1.5m | $2.5m | $3.7m | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | — | — | — | $0 | — | — | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | $0 | $0 | $5.3m | $1.1m | |
| Share-based Payment Arrangement, Expensed and Capitalized, Amount | $2.9m | $3.4m | $4.8m | $7.0m | $9.1m | $28.9m | $35.0m | $35.3m | $33.9m | $38.5m | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | $1.0m | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Assets | ($24k) | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | — | — | — | — | $1.6m | |
| Income (Loss) from Equity Method Investments | — | — | — | ($352k) | ($126k) | ($171k) | ($253k) | ($219k) | ($182k) | ($305k) | |
| Income Tax Expense (Benefit) | $38k | ($428k) | ($7k) | $169k | $113k | $310k | $476k | ($342k) | ($5k) | $2.6m | |
| Operating Lease, Expense | — | — | — | — | — | $200k | — | — | — | — | |
| Other Nonoperating Income (Expense) | $58k | $1.2m | $1.3m | $1.6m | $581k | ($14k) | $3.1m | $7.7m | $14.4m | $21.9m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $1.8m | $10.2m | $11.2m | $22.8m | $43.3m | $66.2m | $67.0m | $35.4m | $6.7m | $27.2m | |
| Increase (Decrease) in Accounts Payable | $652k | $3.0m | $4.5m | $4.1m | $10.0m | $8.8m | $3.1m | $1.6m | $2.1m | $26.0m | |
| Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded | — | — | — | — | — | — | — | ($1.7m) | $1.7m | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | $0 | — | — | — | — | — | — | $0 | $0 | ($7.8m) | |
| General and Administrative Expense | $15.2m | $16.8m | $18.2m | $21.0m | $21.8m | $31.9m | $39.4m | $60.2m | $63.7m | $76.6m | |
| Goodwill | — | — | — | — | $33.0m | $32.7m | $42.0m | $43.7m | $37.0m | $39.4m | |
| Operating Expenses | $40.0m | $45.7m | $52.4m | $66.5m | $86.7m | $139.4m | $164.9m | $171.5m | $188.1m | $216.9m | |
| Payments of Financing Costs | $195k | $694k | — | — | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | $3.7m | $2.5m | $3.6m | $3.0m | $6.0m | $3.6m | $2.3m | $2.7m | $752k | $1.7m | |
| Realized Investment Gains (Losses) | — | $0 | $0 | $0 | $0 | $0 | $0 | — | — | — | |
| Other Operating Income (Expense), Net | $46k | ($383k) | ($240k) | ($105k) | ($153k) | $1.9m | ($1.1m) | ($1.3m) | $1.7m | ($2.1m) | |
| Net Cash Provided by (Used in) Operating Activities | $5.0m | $9.7m | $12.7m | $16.2m | $21.5m | $7.5m | ($8.0m) | $18.6m | $48.3m | $89.5m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $1.9m | $3.1m | $56.9m | $5.4m | $7.5m | $12.4m | $17.1m | $18.3m | $9.7m | $14.1m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | $48.3m | $0 | $15.0m | $0 | $0 | — | |
| Payments for (Proceeds from) Other Investing Activities | — | — | $1.1m | $2.9m | ($57k) | $1.8m | $1.6m | ($1.6m) | ($2.1m) | ($1.7m) | |
| Net Cash Provided by (Used in) Investing Activities | ($6.5m) | ($13.1m) | ($81.5m) | ($28.0m) | ($76.7m) | ($51.9m) | ($67.5m) | $7.6m | ($13.5m) | ($95.9m) | |
| Cash flows from financing activities: | |||||||||||
| Repayments of Long-term Debt | — | — | $10.0m | $0 | $32.5m | $0 | $571k | $1.7m | $1.4m | $134.4m | |
| Proceeds from Issuance of Common Stock | — | — | — | — | $192.3m | $0 | $0 | — | — | — | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | $5.8m | $0 | $0 | — | |
| Proceeds from (Payments for) Other Financing Activities | — | — | $365k | ($438k) | ($78k) | $0 | $0 | ($378k) | ($840k) | ($614k) | |
| Net Cash Provided by (Used in) Financing Activities | $7.7m | $5.1m | $71.2m | $14.0m | $170.8m | ($1.1m) | $60.7m | $59.1m | ($4.0m) | ($22.9m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | ($16k) | $252k | ($1.5m) | $424k | ($1.9m) | $1.2m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $2.6m | $115.6m | ($45.3m) | ($16.2m) | $85.8m | $29.0m | ($28.1m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $6.3m | $2.1m | $1.6m | $30.6m | $146.2m | $100.9m | $84.6m | $170.5m | $199.5m | $171.5m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $153k | $333k | $1.0m | $1.2m | $1.4m | $16k | $3.4m | $12.1m | $13.2m | $13.1m | |
| Income Taxes Paid, Net | — | — | — | — | — | — | — | — | — | $1.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.