← Ultra Clean Holdings, 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 | $10.1m | $75.1m | $36.6m | ($9.4m) | $77.6m | $119.5m | $40.4m | ($31.1m) | $23.7m | ($181.2m) | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | $36.9m | ($7.7m) | $80.4m | $126.4m | $50.4m | ($22.2m) | $34.5m | ($171.6m) | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | $353k | $1.7m | $2.8m | $6.9m | $10.0m | $8.9m | $10.8m | $9.6m | |
| Depreciation and amortization | $6.0m | $5.3m | $11.5m | $21.5m | $25.0m | $34.1m | $38.4m | $37.6m | $45.7m | $47.9m | |
| Amortization of Debt Issuance Costs | $153k | $153k | $792k | $1.8m | $1.9m | $3.4m | $3.9m | $3.9m | $3.6m | $2.7m | |
| Amortization of Intangible Assets | $5.8m | $5.4m | $9.6m | $20.1m | $19.8m | $33.4m | $30.0m | $24.1m | $30.4m | $28.1m | |
| Deferred Income Tax Expense (Benefit) | $3.5m | ($3.8m) | $94k | ($2.5m) | $400k | ($3.1m) | $100k | ($12.2m) | ($2.8m) | ($2.7m) | |
| Share-based Payment Arrangement, Noncash Expense | $5.7m | $7.8m | $10.3m | $12.1m | $12.7m | $15.8m | $19.1m | $12.1m | $17.4m | $19.2m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $2.7m | $3.1m | $1.9m | $1.5m | $7.3m | $3.9m | $2.2m | $2.5m | $1.1m | |
| Goodwill and Intangible Asset Impairment | — | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | — | — | $151.1m | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($169k) | ($72k) | — | — | — | $200k | ($200k) | ($900k) | $1.2m | $700k | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | $0 | ($77.4m) | $0 | $0 | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | — | — | $200k | ($200k) | $900k | ($1.2m) | ($700k) | |
| Income Tax Expense (Benefit) | $8.9m | $11.9m | $15.3m | $10.0m | $19.3m | $27.9m | $37.9m | $10.9m | $32.7m | $25.9m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $46.5m | $38.3m | |
| Changes in operating assets and liabilities: | |||||||||||
| Non-cash transactions: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $15.8m | $14.9m | ($7.2m) | $4.5m | $32.7m | $53.0m | $15.7m | ($78.5m) | $60.3m | ($32.3m) | |
| Increase (Decrease) in Inventories | $31.5m | $131.9m | ($50.2m) | ($22.3m) | $8.0m | $125.1m | $84.4m | ($80.8m) | $6.5m | $9.9m | |
| Increase (Decrease) in Accounts Payable | $31.7m | $99.6m | ($83.2m) | $31.0m | ($12.6m) | $170.6m | ($68.4m) | ($61.5m) | $26.4m | ($17.6m) | |
| General and Administrative Expense | $42.9m | $52.8m | $85.5m | $129.9m | $130.5m | $171.6m | $184.3m | $162.0m | $179.5m | $186.0m | |
| Goodwill | $85.2m | $85.2m | $150.2m | $171.1m | $171.1m | $270.0m | $248.8m | $265.2m | $265.3m | $114.2m | |
| Inventory Write-down | $2.3m | $2.6m | $3.3m | $2.5m | $3.4m | — | — | — | — | — | |
| Investment Income, Interest | — | — | — | — | — | — | — | — | $4.8m | $3.9m | |
| Operating Expenses | $64.4m | $78.2m | $115.1m | $166.9m | $170.4m | $244.3m | $344.6m | $242.1m | $265.1m | $430.3m | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | — | — | — | — | — | — | $2.1b | $2.1b | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | — | — | — | $1.6m | $2.5m | $2.0m | $1.9m | $1.7m | — | |
| Derivative, Gain (Loss) on Derivative, Net | — | — | $319k | ($2.8m) | ($7.7m) | ($12.4m) | ($1.0m) | ($1.7m) | $29.2m | $100k | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($88k) | $237k | $958k | — | — | — | — | — | — | — | |
| Other Operating Income (Expense), Net | — | — | — | — | — | — | — | — | $17.7m | ($3.9m) | |
| Net Cash Provided by (Used in) Operating Activities | $17.6m | $48.9m | $41.7m | $121.0m | $97.3m | $211.6m | $47.2m | $135.9m | $65.0m | $65.6m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $7.3m | $16.1m | $26.2m | $26.3m | $36.4m | $59.3m | $100.1m | $75.8m | $63.5m | $50.3m | |
| Property, plant and equipment acquisitions funded by liabilities | $7.3m | $16.1m | $26.2m | $26.3m | $36.4m | $59.3m | $100.1m | $75.8m | $63.5m | $50.3m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $319.8m | $29.9m | — | $342.8m | $0 | $46.1m | $0 | $0 | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | — | — | — | — | — | ($3.3m) | |
| Net Cash Provided by (Used in) Investing Activities | ($7.3m) | ($16.1m) | ($345.9m) | ($49.2m) | ($29.8m) | ($404.8m) | ($96.2m) | ($119.7m) | ($63.5m) | ($47.0m) | |
| Cash flows from financing activities: | |||||||||||
| Repayments of Long-term Debt | $14.3m | $31.2m | $86.4m | $93.0m | $105.5m | $131.8m | $39.7m | $38.6m | $10.2m | $18.2m | |
| Proceeds from Issuance of Common Stock | $602k | $1.8m | $94.6m | $300k | $600k | $193.6m | $700k | $800k | $2.0m | $2.2m | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | $0 | $12.1m | $29.4m | $0 | $3.4m | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | $0 | ($300k) | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | ($7.9m) | ($17.1m) | $380.1m | ($53.4m) | ($31.1m) | $460.8m | ($56.0m) | ($69.9m) | $9.8m | ($21.2m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($84k) | $155k | ($12k) | — | $1.4m | ($1.4m) | ($2.7m) | $1.9m | ($4.4m) | $500k | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($84k) | $155k | $75.8m | $18.4m | $37.8m | $266.2m | ($107.7m) | ($51.8m) | $6.9m | ($2.1m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | — | — | $313.9m | $311.8m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $2.5m | $2.2m | $7.1m | $23.6m | $15.6m | $19.9m | $31.9m | $44.8m | $40.4m | $39.7m | |
| Income Taxes Paid, Net | $4.5m | $7.5m | $14.5m | $14.5m | $16.4m | $23.1m | $36.8m | $31.2m | $34.3m | $42.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.