← TWIN DISC 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 ($13.1m) ($6.3m) $9.5m $10.7m ($39.8m) ($29.7m) $8.1m $10.4m $11.0m ($1.9m)
Net Income (Loss) Available to Common Stockholders, Basic — — $9.3m $10.5m ($39.8m) ($29.7m) $8.1m $10.4m $11.0m ($1.9m)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest ($13.0m) ($6.1m) $9.6m $10.8m ($39.6m) ($29.5m) $8.4m $10.7m $11.2m ($1.6m)
Net Income (Loss) Attributable to Noncontrolling Interest $91k $179k $119k $123k $246k $200k $311k $297k $258k $295k
Depreciation, Depletion and Amortization $8.8m $7.0m $6.5m $9.3m $11.9m $11.2m $9.5m $9.4m $10.0m $14.9m
Amortization of Intangible Assets $165k $168k $149k $2.7m $4.5m $3.4m $3.2m $3.0m $3.3m $4.0m
Depreciation $8.7m $6.8m $6.3m $6.7m $7.4m $7.9m $6.4m $6.4m $6.7m $10.0m
Deferred Income Tax Expense (Benefit) ($12.2m) ($4.2m) $3.0m $6.8m ($8.1m) $17.7m ($849k) ($634k) ($560k) ($1.6m)
Payment, Tax Withholding, Share-based Payment Arrangement $190k $140k $422k $1.0m $913k $224k $487k $463k $1.8m $1.3m
Goodwill and Intangible Asset Impairment — — — — $27.6m $0 — — — —
Goodwill, Impairment Loss $7.6m $2.5m — $0 $25.4m — — — — —
Impairment of Intangible Assets (Excluding Goodwill) — — — — $2.2m — — — — —
Impairment of Intangible Assets, Finite-lived — — — — $1.3m — — — — —
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) $0 $0 $0 $0 $2.2m — — — — —
Gain (Loss) on Disposition of Assets — — — — — — $3.1m $4.3m $91k $98k
Gain (Loss) on Disposition of Business — — — $768k — — — — — —
Gain (Loss) on Extinguishment of Debt — — — — — $8.2m $0 — — —
Income Tax Expense (Benefit) ($12.3m) ($3.4m) $4.8m $3.7m ($4.2m) $19.7m $1.8m $3.8m $4.1m $3.4m
Interest Expense Nonoperating — — — — — — — — $1.4m $2.6m
Other Nonoperating Income (Expense) ($420k) ($320k) ($282k) ($2.1m) ($1.7m) ($3.4m) $1.3m $658k $1.6m ($5.5m)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable ($18.4m) $5.9m $13.8m ($11.2m) ($13.1m) $7.8m $8.4m $8.4m ($9.5m) $2.0m
Increase (Decrease) in Inventories ($10.1m) ($624k) $17.5m $27.7m ($6.8m) ($9.1m) $18.6m $2.8m ($6.0m) $9.7m
Increase (Decrease) in Accounts Payable ($6.3m) $6.0m $6.8m ($1.0m) ($3.3m) $4.6m ($638k) $7.1m ($5.2m) $2.4m
Foreign Currency Transaction Gain (Loss), before Tax ($320k) ($318k) ($198k) ($681k) ($570k) ($2.1m) ($714k) $373k ($377k) ($4.8m)
Goodwill $5.1m $2.6m $2.7m $26.0m $0 $0 $0 $0 — $2.9m
Inventory Write-down — — — — — — — — — $1.6m
Investment Income, Interest $147k $72k $55k $43k $78k $19k $28k $33k $64k $67k
Nonoperating Income (Expense) — — — — — — — — — ($8.1m)
Proceeds from Stock Options Exercised $12k — $29k $36k — — — — — —
Restructuring Costs $354k $92k $238k — $2.3m $6.6m ($1.3m) $137k ($82k) $39k
Revenue from Contract with Customer, Including Assessed Tax — — $240.7m $302.7m $246.8m $218.6m $242.9m $277.0m $295.1m $340.7m
Other Operating Income (Expense), Net — — — $1.6m — — $3.3m $4.1m $0 —
Net Cash Provided by (Used in) Operating Activities $3.4m $3.2m $6.5m ($5.5m) $9.1m $6.5m ($8.3m) $22.9m $33.7m $24.0m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $4.2m $3.1m $6.3m $12.0m $10.7m $4.5m $4.7m $7.9m $8.7m $15.2m
Payments to Acquire Businesses, Net of Cash Acquired — — — $60.2m — — — — — —
Payments for (Proceeds from) Other Investing Activities $270k $126k $128k $233k $159k $133k ($675k) ($333k) $184k $653k
Net Cash Provided by (Used in) Investing Activities $1.1m ($3.0m) ($6.3m) ($66.9m) ($10.1m) ($2.7m) $5.9m ($408k) ($32.1m) ($32.9m)
Cash flows from financing activities:
Proceeds from Issuance of Common Stock — — — $32.2m — — — — — —
Payments of Ordinary Dividends, Common Stock $2.0m — — — — — — — $1.7m $2.3m
Net Cash Provided by (Used in) Financing Activities ($8.1m) ($2.4m) ($2.1m) $69.2m ($1.1m) ($4.3m) $4.1m ($19.5m) $2.8m ($965k)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($1.1m) $400k $663k $401k ($1.7m) $1.7m $181k $742k $6.8m ($4.0m)
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities ($192k) ($109k) $304k $1.9m $1.9m $2.4m $2.3m $2.2m $1.4m $2.2m
Income Taxes Paid, Net — — ($7k) $1.9m $3.5m $3.3m $3.2m $3.6m $1.7m $3.8m

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