ULTRALIFE CORP

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 $3.5m $7.6m $24.9m $5.2m $5.2m ($234k) ($119k) $7.2m $6.3m ($5.9m)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $3.5m $7.7m $25.0m $5.3m $5.3m ($230k) ($120k) $7.2m $6.4m ($6.0m)
Net Income (Loss) Attributable to Noncontrolling Interest ($27k) $16k $69k $109k $99k $4k ($1k) ($31k) $97k ($53k)
Depreciation and amortization $2.7m $2.4m $2.4m $2.7m $2.9m $3.5m $4.5m $3.9m $3.1m $4.0m
Amortization $4.2m $5.5m
Amortization of Debt Issuance Costs $71k $52k $36k $44k $51k $104k $36k $64k $91k $265k
Amortization of Intangible Assets $503k $422k $397k $525k $595k $633k $1.3m $889k $1.0m $1.5m
Depreciation $2.2m $2.0m $2.0m $2.2m $2.3m $2.9m $3.2m $3.0m $3.1m $4.0m
Deferred Income Tax Expense (Benefit) $135k ($1.7m) ($18.6m) $1.2m $1.4m ($147k) ($962k) $1.3m $1.2m ($2.5m)
Share-based Payment Arrangement, Noncash Expense $710k $653k $890k $753k $943k $671k $776k $528k $698k $935k
Payment, Tax Withholding, Share-based Payment Arrangement $28k $26k $55k $8k $90k $148k $15k $8k $0
Share-based Payment Arrangement, Expense $710k $653k $890k $753k $943k $671k $776k $528k $698k $935k
Goodwill and Intangible Asset Impairment $0 $0 $12.2m
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $0 $0 $0 $0
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) $0 $0 $12.2m
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property ($29k) ($1.4m) ($4.2m) ($6.3m) ($3.1m) ($2.8m) ($1.7m) ($2.6m) ($1.9m) ($3.9m)
Income Tax Expense (Benefit) $98k ($1.4m) ($18.4m) $1.5m $1.7m $79k ($326k) $2.0m $1.9m ($2.4m)
Other Nonoperating Income (Expense) $80k $2k $121k ($58k) $165k $56k $376k $1.7m $276k $1.5m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $667k $1.3m $1.5m $10.4m ($9.2m) ($4.4m) $7.9m $3.9m ($7.6m) $4.4m
Increase (Decrease) in Inventories ($2.0m) $2.5m ($3.2m) $3.3m ($1.1m) $1.3m $8.7m $943k $109k $2.3m
Foreign Currency Transaction Gain (Loss), before Tax $86k ($10k)
Gain (Loss) Related to Litigation Settlement $1.6m $0
Goodwill $20.0m $20.5m $20.1m $26.8m $27.0m $38.1m $37.4m $37.6m $45.0m $45.4m
Nonoperating Income (Expense) $58k $597k $1.3m ($186k) ($575k) ($358k) ($1.7m) ($2.5m)
Operating Expenses $21.3m $19.8m $19.0m $23.8m $23.5m $24.6m $29.3m $29.7m $32.3m $51.9m
Proceeds from Stock Options Exercised $460k $1.4m $1.6m $930k $238k $398k $116k $1.2m $2.0m $98k
Revenue from Contract with Customer, Including Assessed Tax $87.2m $106.8m $107.7m $98.3m $131.8m $158.6m $164.5m $191.2m
Net Cash Provided by (Used in) Operating Activities $7.7m $7.3m $10.9m ($3.0m) $21.7m $4.3m ($1.3m) $1.9m $16.6m $11.0m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $1.2m $1.4m $4.2m $6.3m $3.1m $2.8m $1.7m $2.6m $1.9m $3.9m
Payments to Acquire Businesses, Net of Cash Acquired $9.9m $25.2m $0 $0
Net Cash Provided by (Used in) Investing Activities ($11.0m) ($1.4m) ($4.2m) ($31.5m) ($3.0m) ($26.3m) ($1.7m) ($2.6m) ($50.0m) ($3.9m)
Cash flows from financing activities:
Payments for Repurchase of Common Stock $607k $742k $2.0m $0
Net Cash Provided by (Used in) Financing Activities ($175k) $1.4m $1.2m $16.1m ($15.7m) $19.6m $518k $5.5m $29.9m ($4.7m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($231k) $331k ($265k) ($154k) $203k $126k ($276k) ($302k) $34k $49k
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($231k) $331k $7.6m ($18.5m) $3.2m ($2.2m) ($2.7m) $4.6m ($3.4m) $2.5m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $25.9m $7.4m $10.7m $8.4m $5.7m $10.3m $6.9m $9.3m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $179k $102k $132k $576k $375k $142k $930k $2.0m $1.9m $3.7m
Income Taxes Paid, Net $273k $345k $220k $266k $264k $324k $354k $769k $722k $147k