← UNIVERSAL TECHNICAL INSTITUTE 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 ($47.7m) ($8.1m) ($32.7m) ($7.9m) $8.0m $14.6m $25.8m $12.3m $42.0m $63.0m
Net Income (Loss) Available to Common Stockholders, Basic ($49.1m) ($13.4m) ($37.9m) ($13.1m) $2.7m $9.3m $20.7m $4.5m $38.0m $63.0m
Net Income (Loss) Attributable to Noncontrolling Interest — $484k — — — — — — — —
Depreciation, Depletion and Amortization $15.1m $14.2m $13.0m $13.2m $11.8m $14.0m $16.9m $25.2m $29.3m $33.0m
Amortization $1.1m $700k $500k $500k — — — — — —
Amortization of Intangible Assets — — — — — — $109k $600k $700k $900k
Depreciation $17.3m $16.9m $16.0m $16.4m $11.8m $14.0m $16.8m $24.6m $28.6m $32.1m
Deferred Income Tax Expense (Benefit) $27.9m $0 ($2.8m) $0 $345k $0 ($6.0m) $4.6m $4.4m ($1.3m)
Share-based Payment Arrangement, Noncash Expense $4.9m $2.9m $1.8m $1.4m $2.1m $1.7m $4.3m $3.8m $8.6m $9.2m
Payment, Tax Withholding, Share-based Payment Arrangement $393k $595k $223k $629k $698k $421k $651k $781k $2.2m $4.8m
Share-based Payment Arrangement, Expense $4.9m $3.0m $1.9m $1.4m $2.1m $1.8m $4.4m $3.8m $8.6m $9.2m
Equity Method Investment, Other than Temporary Impairment $815k $0 $0 — — — — — — —
Goodwill, Impairment Loss $0 $0 $1.2m $0 $0 — — — — —
Impairment of Intangible Assets (Excluding Goodwill) — — — — — — $0 — — —
Impairment of Intangible Assets, Finite-lived — — — — — — $2.0m $0 $0 —
Gain (Loss) on Disposition of Other Assets — — ($122k) ($561k) $52k $13k ($663k) ($276k) ($431k) ($2.3m)
Income (Loss) from Equity Method Investments $342k $484k $385k $399k $0 $0 — — — —
Income Tax Expense (Benefit) $26.2m $5.4m ($3.0m) $203k ($10.6m) $602k ($5.4m) $5.8m $14.2m $21.3m
Interest Expense Nonoperating — — — — — — — — $9.5m $5.6m
Other Nonoperating Income (Expense) ($49k) $1.1m $1.1m $1.5m $135k $518k ($438k) $483k $496k $265k
Additional Financial Items
Gain (Loss) on Termination of Lease — — — — — — $1.6m — — —
Goodwill $9.0m $9.0m $8.2m $8.2m $8.2m $8.2m $16.9m $28.5m $28.5m $28.5m
Investment Income, Interest $243k $900k $1.4m $1.5m $1.2m $83k $507k $5.9m $6.3m $6.2m
Nonoperating Income (Expense) ($2.9m) ($907k) ($422k) $137k $1.3m $236k ($1.9m) ($3.3m) ($2.7m) $805k
Operating Expenses $365.8m $326.1m $352.2m $339.3m $304.6m $320.1m $396.4m $586.0m $673.8m $752.1m
Payments of Financing Costs — — — — — $272k $378k $516k $0 $0
Proceeds from Stock Options Exercised — — — — — — — — — $659k
Unrealized Gain (Loss) on Derivatives — — — $0 $0 $279k ($2.5m) ($250k) $1.4m $194k
Net Cash Provided by (Used in) Operating Activities $7.4m ($10.0m) ($13.5m) $21.7m $11.0m $55.2m $46.0m $49.1m $85.9m $97.3m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $7.5m $8.2m $20.6m $6.5m $9.3m $61.6m $79.5m $56.7m $24.3m $42.0m
Payments to Acquire Businesses, Net of Cash Acquired — — — — — — $26.5m $16.4m $0 $0
Net Cash Provided by (Used in) Investing Activities $17.3m ($52.2m) $28.0m ($6.2m) ($45.8m) ($23.0m) ($134.6m) ($44.1m) ($24.0m) ($87.9m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt — — — $0 $0 $31.1m $38.0m $516k $0 $0
Proceeds from Issuance of Common Stock — — — — $49.2m $0 $0 — — —
Payments of Ordinary Dividends, Common Stock $1.5m $0 $0 — — — — — — —
Net Cash Provided by (Used in) Financing Activities $64.9m ($6.8m) ($6.6m) ($7.2m) $43.1m $24.8m $12.6m $81.8m ($51.3m) ($42.8m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — $65.0m $72.2m $80.6m $8.4m $57.1m ($76.0m) $86.9m $10.5m ($33.3m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — $7.2m $80.6m $88.9m $146.0m $70.0m $156.9m $167.5m $134.1m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $3.4m $3.4m $3.3m $3.2m $7k $349k $1.9m $9.1m $10.4m $5.9m
Income Taxes Paid, Net $1.6m $2.7m $610k $37k — ($6.7m) $859k $658k $10.7m $11.3m

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