← UFP INDUSTRIES 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 | $101.2m | $119.5m | $148.6m | $179.7m | $246.8m | $535.6m | $692.7m | $514.3m | $414.6m | $294.8m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $105.5m | $124.0m | $152.4m | $182.4m | $253.9m | $552.4m | $705.0m | $514.5m | $418.7m | $296.0m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $4.3m | $4.5m | $3.8m | $2.8m | $7.1m | $16.7m | $12.3m | $145k | $4.2m | $1.2m | |
| Amortization | $2.8m | $4.9m | $6.4m | $6.3m | $8.7m | $13.9m | $19.5m | $21.3m | $23.5m | $22.7m | |
| Amortization of Intangible Assets | $2.8m | $4.9m | $6.4m | $6.3m | $8.7m | $13.9m | $19.5m | $21.3m | $23.5m | $22.7m | |
| Depreciation | $40.8m | $48.5m | $54.9m | $60.5m | $64.0m | $84.2m | $94.1m | $110.6m | $124.6m | $138.4m | |
| Deferred Income Tax Expense (Benefit) | $293k | ($7.3m) | $878k | $7.1m | $2.7m | $7.4m | ($13.2m) | ($5.9m) | ($15.0m) | $49.2m | |
| Share-based Payment Arrangement, Noncash Expense | $2.2m | — | $3.6m | $4.0m | $4.0m | $11.2m | $28.2m | $34.9m | $38.2m | $37.8m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | — | — | $17.8m | $9.6m | |
| Gain (Loss) on Sale of Assets and Asset Impairment Charges | $0 | $863k | ($6.6m) | ($1.6m) | ($1.5m) | $12.0m | ($1.3m) | $260k | ($678k) | ($728k) | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | — | — | $4.3m | — | $5.5m | $2.4m | |
| Goodwill, Impairment Loss | $0 | $0 | — | — | $11.5m | — | $2.5m | — | — | — | |
| Gain (Loss) on Disposition of Assets | — | $863k | $6.6m | $1.6m | $1.5m | ($12.0m) | $1.3m | ($260k) | $678k | $728k | |
| Gain (Loss) on Disposition of Property Plant Equipment | $0 | $2.9m | $38.4m | $1.8m | $2.9m | $30.0m | $3.8m | $3.3m | $11.5m | $31.5m | |
| Income (Loss) from Equity Method Investments | $267k | $25k | — | $2.5m | $2.1m | ($3.9m) | ($2.2m) | ($2.4m) | $89k | $709k | |
| Income Tax Expense (Benefit) | $55.2m | $52.0m | $45.4m | $58.3m | $87.1m | $174.0m | $229.9m | $156.8m | $121.4m | $96.2m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $12.7m | $10.9m | |
| Operating Lease, Expense | — | — | — | $29.9m | $28.4m | $40.1m | $48.2m | $49.7m | $54.7m | $53.2m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $5.1m | $30.8m | $8.5m | $16.9m | $87.6m | $85.4m | ($130.7m) | ($81.7m) | ($47.1m) | ($27.5m) | |
| Increase (Decrease) in Inventories | $3.2m | $49.3m | $84.3m | ($73.1m) | $76.0m | $260.3m | ($718k) | ($250.6m) | ($6.4m) | ($7.3m) | |
| Increase (Decrease) in Accounts Payable | $11.3m | $21.2m | ($5.2m) | ($24.1m) | $62.4m | $78.1m | ($137.9m) | ($3.6m) | $22.4m | ($20.2m) | |
| Goodwill | $198.5m | $212.6m | $224.1m | $229.5m | $252.2m | $315.0m | $337.3m | $336.3m | $339.8m | $343.9m | |
| Inventory Write-down | $2.5m | — | — | — | — | — | $0 | — | — | — | |
| Investment Income, Interest | $541k | $731k | $1.4m | $1.9m | $2.4m | — | — | — | — | — | |
| Nonoperating Income (Expense) | ($3.8m) | ($5.5m) | ($9.4m) | ($4.2m) | — | ($11.2m) | ($15.4m) | $24.7m | $47.9m | $28.3m | |
| Operating Expenses | — | — | — | — | — | — | — | — | — | $696.2m | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $4.6b | $4.5b | $5.2b | $8.6b | $9.6b | $7.2b | $6.7b | $6.3b | |
| Unrealized Gain (Loss) on Investments | ($267k) | ($25k) | ($1.9m) | $2.5m | $2.1m | $4.1m | ($5.8m) | $2.4m | $1.2m | $2.4m | |
| Other Operating Income (Expense), Net | — | — | — | — | — | $12.8m | ($7.2m) | ($5.8m) | $6.7m | ($2.1m) | |
| Net Cash Provided by (Used in) Operating Activities | $172.5m | $136.6m | $116.7m | $349.3m | $336.5m | $512.5m | $831.6m | $959.9m | $642.6m | $545.7m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $53.8m | $71.1m | $95.9m | $84.9m | $89.2m | $151.2m | $174.1m | $180.4m | $232.3m | $269.4m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $80.1m | $60.6m | $54.0m | — | — | — | — | — | — | — | |
| Payments to Acquire Investments | — | — | $13.3m | $13.4m | $28.1m | $23.8m | $19.9m | $29.8m | $55.4m | $38.8m | |
| Payments for (Proceeds from) Other Investing Activities | $2.0m | $1.7m | $400k | $982k | ($46k) | $5.1m | ($3.5m) | $8.7m | ($4.4m) | ($1.1m) | |
| Net Cash Provided by (Used in) Investing Activities | ($227.5m) | ($137.7m) | ($121.2m) | ($142.0m) | ($154.7m) | ($611.2m) | ($353.9m) | ($240.2m) | ($270.8m) | ($273.2m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | — | — | $75.0m | — | — | — | — | — | — | — | |
| Proceeds from Issuance of Common Stock | $536k | $660k | $1.0m | $1.1m | $1.4m | $2.1m | $2.8m | $2.8m | $2.8m | $2.5m | |
| Payments for Repurchase of Common Stock | $0 | $13.0m | $24.6m | — | $29.2m | — | $95.8m | $82.1m | $141.1m | $433.0m | |
| Payments of Ordinary Dividends, Common Stock | $17.7m | $4.0m | $3.1m | $24.5m | $30.7m | $40.2m | $58.9m | $68.2m | $80.8m | $82.3m | |
| Proceeds from (Payments for) Other Financing Activities | ($73k) | ($31k) | ($1.1m) | $20k | $62k | ($364k) | ($2.3m) | $86k | $73k | ($163k) | |
| Net Cash Provided by (Used in) Financing Activities | $3.2m | ($5.2m) | $4.4m | ($67.3m) | $85.2m | ($45.0m) | ($210.2m) | ($162.9m) | ($307.1m) | ($530.1m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($1.9m) | $650k | ($464k) | $482k | $962k | ($1.7m) | $979k | $5.8m | ($7.4m) | $3.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($1.9m) | ($5.7m) | ($618k) | $140.5m | $267.9m | ($145.4m) | $268.4m | $562.6m | $57.3m | ($254.5m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $34.5m | $28.8m | $28.2m | $168.7m | $436.6m | $291.2m | $559.6m | $1.1b | $1.2b | $925.1m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $6.0m | $8.9m | $8.8m | $7.2m | $14.1m | $14.0m | $12.7m | $12.8m | $10.9m | |
| Income Taxes Paid, Net | $57.3m | $56.7m | $51.6m | $50.2m | $78.0m | $167.0m | $274.6m | $158.1m | $128.1m | $67.8m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.