← Victory Capital 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 | ($6.1m) | $25.8m | $63.7m | $92.5m | $212.5m | $278.4m | $275.5m | $213.2m | $288.9m | $330.1m | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($6.1m) | $25.8m | $63.7m | $92.5m | $212.5m | $278.4m | $275.5m | $213.2m | $288.9m | $270.2m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($6.1m) | $25.8m | $63.7m | $92.5m | $212.5m | $278.4m | $275.5m | $213.2m | $288.9m | $330.1m | |
| Depreciation, Depletion and Amortization | $30.4m | $29.9m | $23.3m | $23.9m | $16.4m | $18.8m | $43.2m | $41.6m | $30.2m | $72.9m | |
| Amortization of Debt Issuance Costs | $2.7m | $3.7m | $1.7m | $2.5m | $3.0m | $2.3m | $3.2m | $3.0m | $3.1m | $2.4m | |
| Amortization of Intangible Assets | $27.2m | $26.3m | $20.3m | $20.9m | $12.8m | $12.6m | $35.2m | $29.0m | $21.2m | $61.6m | |
| Depreciation | $3.2m | $3.6m | $3.0m | $3.0m | $3.7m | $6.2m | $8.0m | $8.8m | $9.0m | $11.2m | |
| Deferred Income Tax Expense (Benefit) | ($3.1m) | $11.2m | $4.1m | ($745k) | $34.6m | $19.5m | $35.7m | $21.5m | $32.5m | $34.3m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | $510k | $7.7m | $12.1m | $26.7m | $31.1m | $18.7m | $26.4m | $13.0m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | — | — | — | $20.4m | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets, Finite-lived | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | ($3.8m) | — | — | |
| Financing Interest Expense | $34.6m | $48.8m | $20.7m | $40.9m | $37.0m | $24.7m | $44.0m | $61.3m | $63.8m | $54.8m | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | — | ($263k) | — | ($485k) | $0 | $0 | — | |
| Gain (Loss) on Extinguishment of Debt | — | ($330k) | ($6.1m) | ($9.9m) | ($2.9m) | ($4.6m) | ($2.6m) | $0 | ($363k) | ($614k) | |
| Income (Loss) from Equity Method Investments | — | ($427k) | ($730k) | $2.7m | ($193k) | ($331k) | ($825k) | $0 | $0 | — | |
| Income Tax Expense (Benefit) | ($3.0m) | $12.6m | $21.2m | $28.2m | $66.0m | $72.3m | $74.5m | $62.8m | $84.9m | $108.3m | |
| Additional Financial Items | |||||||||||
| General and Administrative Expense | $26.6m | $34.0m | $30.0m | $46.6m | $51.2m | $53.7m | $52.4m | $56.3m | $56.7m | $83.3m | |
| Goodwill | $284.1m | $284.1m | $284.1m | $404.8m | $404.8m | $981.8m | $981.8m | $981.8m | $981.8m | $1.2b | |
| Nonoperating Income (Expense) | ($33.6m) | ($51.7m) | ($29.6m) | ($43.9m) | ($36.2m) | ($23.2m) | ($49.1m) | ($52.5m) | ($53.8m) | ($40.1m) | |
| Operating Expenses | $273.4m | $319.5m | $298.9m | $447.8m | $460.6m | $516.4m | $455.7m | $492.6m | $466.0m | $827.7m | |
| Payments of Financing Costs | $5.9m | $1.7m | $2.5m | $19.8m | — | $8.7m | $0 | $0 | $1.0m | $870k | |
| Net Cash Provided by (Used in) Operating Activities | $39.5m | $96.2m | $134.3m | $227.4m | $250.6m | $376.2m | $335.2m | $330.3m | $340.0m | $385.5m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $1.2m | $5.1m | $2.5m | $5.2m | $8.1m | $12.7m | $5.2m | $5.2m | $1.3m | $4.2m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $204.4m | — | — | $851.3m | — | $539.2m | $880k | $0 | $0 | — | |
| Payments to Acquire Investments | — | — | — | $6.6m | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($210.1m) | ($8.5m) | ($11.5m) | ($849.8m) | ($12.3m) | ($556.6m) | ($6.3m) | ($7.8m) | ($4.0m) | $76.6m | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Common Stock | $89.3m | $3.2m | $157.8m | $4.1m | $4.8m | $8.4m | $14.1m | $6.3m | $8.9m | $1.8m | |
| Payments for Repurchase of Common Stock | $10.5m | $4.7m | $8.2m | $15.5m | $29.9m | $31.5m | $101.2m | $139.3m | $103.6m | $195.6m | |
| Dividends paid | $627k | $135.2m | $831k | $7.4m | $16.2m | $37.2m | $69.2m | $85.4m | $101.1m | $157.0m | |
| Payments of Dividends | $627k | $135.2m | $831k | $7.4m | $16.2m | $37.2m | $69.2m | $85.4m | $101.1m | $157.0m | |
| Net Cash Provided by (Used in) Financing Activities | $171.8m | ($91.3m) | ($84.2m) | $608.0m | ($252.7m) | $227.2m | ($360.2m) | ($237.1m) | ($332.8m) | ($425.5m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $116k | ($65k) | $42k | $43k | ($36k) | ($70k) | $58k | ($53k) | $382k | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $116k | ($65k) | ($14.4m) | ($14.4m) | $46.8m | ($31.4m) | $85.4m | $3.2m | $37.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $37.1m | $22.7m | $69.5m | $38.2m | $123.5m | $126.7m | $163.7m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $29.4m | $41.5m | $17.5m | $23.5m | $38.7m | $18.8m | $32.0m | $70.7m | $78.7m | $79.7m | |
| Income Taxes Paid, Net | $495k | $758k | $18.0m | $24.6m | $37.8m | $55.2m | $35.7m | $38.7m | $52.3m | $72.9m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.