← UFP TECHNOLOGIES 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 $8.0m $9.2m $14.3m $19.8m $13.4m $15.9m $41.8m $44.9m $59.0m $68.3m
Depreciation, Depletion and Amortization $5.6m $5.6m $7.8m $8.2m $8.3m $8.4m $11.9m $11.4m $14.7m $19.1m
Amortization of Intangible Assets $318k $318k $1.2m $1.3m $1.3m $1.3m $4.4m $4.4m $6.7m $9.8m
Deferred Income Tax Expense (Benefit) $576k ($1.0m) $1.9m $792k $136k ($1.8m) ($4.5m) $823k $1.3m $5.1m
Share-based Payment Arrangement, Noncash Expense $1.1m $1.1m $1.2m $1.6m $1.8m $2.4m $3.2m $4.6m $6.8m $8.9m
Payment, Tax Withholding, Share-based Payment Arrangement $219k $296k $144k $512k $748k $923k $1.7m $2.6m $5.0m $4.1m
Share-based Payment Arrangement, Expense — — — — — — — — — $8.9m
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property ($2k) ($7k) $47k $0 ($459k) $14k ($6.1m) $145k $106k ($38k)
Gain (Loss) on Disposition of Business — — — — — — $15.7m $0 $0 —
Gain (Loss) on Disposition of Property Plant Equipment ($2k) ($7k) $47k $0 ($459k) $14k $6.1m ($145k) ($106k) ($38k)
Income (Loss) from Equity Method Investments — — — — — — — — $89k $119k
Income Tax Expense (Benefit) $4.3m $2.6m $4.1m $3.9m $2.9m $5.3m $10.9m $9.0m $14.0m $14.2m
Interest Expense Nonoperating — — — — — — — — — $9.8m
Operating Lease, Expense — — — — $1.3m $1.4m $2.6m $2.9m $3.7m $5.0m
Operating Lease, Lease Income — — — — — — — — — $342k
Other Nonoperating Income (Expense) — — $64k ($388k) ($366k) $26k $81k ($117k) $189k ($21k)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable — — — $327k ($2.2m) $7.8m $16.9m $9.1m ($1.2m) ($5.3m)
Increase (Decrease) in Inventories ($51k) ($1.3m) $2.3m ($1.3m) $366k $4.5m $19.6m $16.6m $4.7m ($3.9m)
Increase (Decrease) in Accounts Payable ($596k) $93k $1.1m ($2.5m) ($681k) $102k $9.1m $1.6m ($1.1m) ($1.1m)
Proceeds from Stock Options Exercised — — $1.3m $705k $474k $162k $390k $680k $233k $194k
Gain (Loss) Related to Litigation Settlement $2.1m $121k $104k — — — — — — —
Goodwill $7.3m $7.3m $51.8m $51.8m $51.8m $107.9m $113.0m $113.3m $189.7m $197.4m
Investment Income, Interest $149k $216k $47k $0 $0 $49k — — — —
Nonoperating Income (Expense) $80k $166k — — — — — — — —
Revenue from Contract with Customer, Including Assessed Tax — — $190.5m $198.4m $179.4m $206.3m $353.8m $400.1m $504.4m —
Net Cash Provided by (Used in) Operating Activities $9.4m $17.5m $21.3m $31.2m $25.0m $14.3m $17.7m $41.3m $66.6m $91.9m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $7.3m $10.4m $5.4m $5.8m $4.4m $5.4m $13.8m $10.5m $9.7m $38k
Payments to Acquire Businesses, Net of Cash Acquired — — $77.0m $0 $0 $96.2m $20.7m $0 $197.5m $14.7m
Net Cash Provided by (Used in) Investing Activities ($7.3m) ($10.4m) ($82.3m) ($5.8m) ($4.3m) ($101.5m) $1.3m ($10.5m) ($210.2m) ($27.6m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt — — $20.0m $0 $0 $40.0m $0 $0 $125.0m $0
Repayments of Long-term Debt $1.0m $856k $2.9m $17.1m $0 $0 $4.0m $4.0m $35.1m $12.5m
Net Cash Provided by (Used in) Financing Activities ($559k) ($475k) $26.3m ($24.9m) ($285k) $74.0m ($25.9m) ($30.0m) $152.4m ($58.2m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — — $20.5m ($13.1m) ($6.7m) $812k $8.2m $6.9m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities — $47k $1.3m $664k $71k $53k $2.7m $3.5m $7.9m $9.9m
Income Taxes Paid, Net $3.6m $3.9m $3.5m $1.3m $2.5m $5.9m $13.2m $10.6m $12.8m $3.6m

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