← Willdan Group, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — ($8.4m) $10.9m $22.6m $52.6m —
Net Income (Loss) Attributable to Parent $4.3m $12.1m $10.0m $4.8m ($14.5m) ($8.4m) $10.9m $22.6m $52.6m $52.6m
Net Income (Loss) Available to Common Stockholders, Basic $8.3m $12.1m $10.0m $4.8m ($8.4m) ($8.4m) $10.9m $22.6m $52.6m $52.6m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — $12.1m $10.0m $4.8m ($8.4m) ($8.4m) $10.9m $22.6m $52.6m —
Depreciation, Depletion and Amortization $3.2m $4.1m $6.2m $15.5m $17.1m $17.5m $16.4m $14.7m $18.7m $18.7m
Amortization of Intangible Assets $1.9m $2.4m $4.5m $11.6m $11.5m $11.2m $10.1m $7.2m $9.8m —
Depreciation $2.1m $4.1m $6.2m $3.4m $5.6m $6.3m $6.3m $7.5m $8.8m $18.7m
Depreciation Amortization Depletion — — — — — $17.5m $16.4m $14.7m $18.7m —
Deferred Income Tax Expense (Benefit) $1.2m $621k ($2.9m) ($209k) ($2.7m) ($1.7m) $2.6m $2.6m ($13.3m) —
Deferred income taxes, net $1.8m $621k ($2.9m) ($209k) ($5.2m) ($1.7m) $2.6m $2.6m — ($13.3m)
Deferred Income Tax — — — — — ($1.7m) $2.6m $2.6m ($13.3m) —
Deferred Tax — — — — — ($1.7m) $2.6m $2.6m ($13.3m) —
Share-based Payment Arrangement, Noncash Expense $1.2m $2.8m $6.3m $12.1m $16.6m $8.4m $5.3m $7.4m $11.8m —
Payment, Tax Withholding, Share-based Payment Arrangement — — — — — — — — $5.5m —
Share-based Payment Arrangement, Expense $1.2m $2.4m $5.8m — — $8.4m $5.3m $7.4m $11.8m —
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $0 $0 $0 $0 —
Impairment of Intangible Assets, Finite-lived — — — — — $0 — — — —
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) — — — — — $0 — — — —
Gain (Loss) on Disposition of Property Plant Equipment ($4k) ($27k) $12k $8k $24k $64k $63k $15k $29k —
Income Tax Expense (Benefit) $3.1m $1.6m $2.1m ($185k) ($4.0m) ($3.0m) $3.7m $4.1m ($12.6m) —
Operating Lease, Expense — — — $8.6m — — — — — —
Other Nonoperating Income (Expense) $2k $98k $90k $193k $156k $939k $1.9m $3.1m $1.6m —
(Gain) loss on sale/disposal of equipment ($37k) $27k ($12k) ($8k) ($15k) ($64k) ($63k) ($15k) — ($29k)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable ($1.3m) $7.4m ($3.2m) ($11.6m) $14.2m ($6.8m) $10.3m ($5.3m) ($7.8m) —
Increase (Decrease) in Accounts Payable $206k $3.2m ($1.6m) ($6.3m) ($4.7m) ($7.8m) $4.4m ($831k) $7.7m —
Goodwill $21.9m $38.2m $97.7m $127.6m $130.1m $130.1m $131.1m $141.0m $179.5m —
Investment Income, Interest — — — — — — — — — —
Nonoperating Income (Expense) ($177k) ($13k) ($610k) ($4.7m) ($3.7m) ($4.4m) ($7.5m) ($4.7m) ($4.2m) —
Operating Expenses $54.1m $63.0m $80.2m $125.6m $144.6m $150.6m $157.7m $171.4m $211.5m —
Proceeds from Stock Options Exercised $327k $1.9m $668k $931k $1.9m $274k $182k $2.8m $2.8m —
Other non-cash items — — — — — $3.2m $1.4m ($73k) $3.7m $637k
Provision for doubtful accounts $659k ($189k) $470k $1.1m $1.3m $243k $825k $740k — $237k
Stock-based compensation $777k $2.8m $6.3m $12.1m $16.1m $8.4m $5.3m $7.4m $11.8m $11.8m
Accretion and fair value adjustments of contingent consideration $21k $1.2m ($1.4m) ($302k) $7.7m $3.2m — $153k — $3.1m
Accounts receivable ($4.4m) ($7.4m) $3.2m $11.6m ($4.2m) $6.8m ($10.3m) $5.3m — $7.8m
Contract assets — ($5.7m) ($11.5m) ($34.6m) $35.5m ($23.8m) ($10.8m) $5.8m — ($18.3m)
Other receivables $31k ($1.1m) $4.1m ($2.7m) ($1.2m) $1.5m $3.6m ($1.1m) — ($4.0m)
Prepaid expenses and other current assets $203k ($1.1m) ($154k) ($343k) $577k ($1.2m) $3.2m ($1.1m) — ($2.5m)
Other assets $31k $25k ($778k) ($6.5m) $10.0m $3.2m $5.7m $3.0m — ($739k)
Accounts payable $1.8m $3.2m ($1.6m) ($6.3m) $7.4m ($7.8m) $4.4m ($831k) — $7.7m
Accrued liabilities ($1.3m) $4.3m ($1.9m) $16.8m ($27.2m) $13.0m $5.9m $4.7m — $20.5m
Contract liabilities — ($1.6m) ($2.3m) $315k $1.9m ($914k) $598k $8.4m — ($4.2m)
Right-of-use assets — ($100k) ($64k) $430k $210k ($332k) $995k ($122k) — $124k
Proceeds from sale of equipment $7k — $59k $45k $17k $75k $68k $34k — $46k
Cash paid for acquisitions, net of cash acquired ($8.2m) ($14.6m) ($124.3m) ($71.8m) — — ($1.6m) ($7.4m) — ($36.3m)
Payments on contingent consideration ($1.3m) ($1.7m) ($4.3m) ($1.4m) ($1.4m) ($10.2m) ($4.0m) — — —
Payments on notes payable ($2.1m) ($4.2m) ($477k) ($1.8m) ($205k) ($1.9m) ($1.6m) ($190k) — ($137k)
Payments made to retire prior credit agreement — — — — — — ($111.0m) — — ($90.0m)
Borrowing to fund new credit agreement — — — — — — $100.0m — — $88.4m
Principal payments on finance leases — ($390k) ($367k) ($639k) ($549k) ($1.1m) ($1.3m) ($1.4m) — ($1.5m)
Proceeds from stock option exercise $512k $1.9m $668k $931k $1.1m $274k $182k $2.8m — $2.8m
Cash used to pay taxes on stock grants — — — ($2.9m) ($3.1m) ($992k) ($205k) ($1.4m) — ($5.5m)
Interest $203k $111k $494k $4.2m $5.0m $5.1m $10.2m $7.5m — $5.4m
Income taxes $949k $2.8m $3.2m $4.1m $174k ($1.1m) ($3.1m) $1.3m — $2.3m
Contingent consideration related to business acquisitions $5.2m $5.4m $943k — — — — $4.1m — $13.1m
Beginning Cash Position — — — — — $11.2m $19.5m $23.4m $74.2m —
Cash Flow From Continuing Financing Activities — — — — — $8.4m ($23.8m) ($5.6m) ($42.7m) —
Cash Flow From Continuing Investing Activities — — — — — ($9.5m) ($11.5m) ($15.7m) ($45.6m) —
Change In Account Payable — — — — — ($7.8m) $4.4m ($831k) $7.7m —
Change In Accrued Expense — — — — — $13.0m $5.0m $4.7m $20.5m —
Change In Other Current Assets — — — — — $2.9m $6.7m $2.8m ($615k) —
Change In Other Working Capital — — — — — ($914k) $598k $8.4m ($4.2m) —
Change In Payable — — — — — ($7.8m) $4.4m ($831k) $7.7m —
Change In Payables And Accrued Expense — — — — — $5.1m $9.4m $3.9m $28.3m —
Change In Prepaid Assets — — — — — ($1.2m) $2.6m ($1.1m) ($2.5m) —
Change In Receivables — — — — — ($15.5m) ($17.5m) $10.0m ($14.6m) —
Change In Working Capital — — — — — ($9.6m) $1.7m $23.9m $6.4m —
Changes In Account Receivables — — — — — $6.8m ($10.3m) $5.3m $7.8m —
Changes In Cash — — — — — $8.3m $3.9m $50.8m ($8.2m) —
End Cash Position — — — — — $19.5m $23.4m $74.2m $65.9m —
Financing Cash Flow — — — — — $8.4m ($23.8m) ($5.6m) ($42.7m) —
Free Cash Flow — — — — — ($169k) $29.3m $63.7m $70.7m —
Gain Loss On Sale Of PPE — — — — — ($64k) ($63k) ($15k) ($29k) —
Investing Cash Flow — — — — — ($9.5m) ($11.5m) ($15.7m) ($45.6m) —
Net Business Purchase And Sale — — — — — $0 ($1.6m) ($7.4m) ($36.3m) —
Net PPE Purchase And Sale — — — — — ($9.5m) ($9.9m) ($8.4m) ($9.3m) —
Operating Gains Losses — — — — — ($64k) ($63k) ($15k) ($29k) —
Proceeds From Stock Option Exercised — — — — — $3.3m $3.0m $5.6m $6.0m —
Provisionand Write Offof Assets — — — — — $243k $825k $740k $237k —
Purchase Of Business — — — — — $0 ($1.6m) ($7.4m) ($36.3m) —
Purchase Of PPE — — — — — ($9.6m) ($9.9m) ($8.4m) ($9.4m) —
Sale Of PPE — — — — — $75k $68k $34k $46k —
Net Cash Provided by (Used in) Operating Activities $8.1m $11.1m $7.6m $11.6m $9.8m $9.4m $39.2m $72.1m $80.1m $80.1m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $1.7m $2.2m $2.1m $6.6m $8.5m $9.6m $9.9m $8.4m $9.4m $1.4m
Payments to Acquire Businesses, Net of Cash Acquired $8.9m $14.6m $124.3m $71.8m — — $1.6m $7.4m $36.3m —
Net cash (used in) provided by investing activities ($10.5m) ($16.8m) ($126.4m) ($78.3m) ($5.1m) ($9.5m) ($11.5m) ($15.7m) — ($45.6m)
Net Cash Provided by (Used in) Investing Activities ($10.6m) ($16.8m) ($126.4m) ($78.3m) ($8.5m) ($9.5m) ($11.5m) ($15.7m) ($45.6m) —
Cash flows from financing activities:
Payments on debt issuance costs — — ($1.3m) ($709k) ($327k) ($177k) ($1.1m) — — ($332k)
Issuance Of Debt — — — — — $21.7m $105.0m $0 $88.4m —
Long Term Debt Issuance — — — — — $21.7m $105.0m $0 $88.4m —
Net Issuance Payments Of Debt — — — — — $5.7m ($10.8m) ($9.8m) ($42.9m) —
Net Long Term Debt Issuance — — — — — $5.7m ($10.8m) ($9.8m) ($42.9m) —
Principal payments on outstanding debt — — ($2.5m) ($78.0m) ($42.0m) ($13.0m) ($112.9m) ($8.1m) — ($39.7m)
Long Term Debt Payments — — — — — ($16.0m) ($115.8m) ($9.8m) ($131.3m) —
Repayment Of Debt — — — — — ($16.0m) ($115.8m) ($9.8m) ($131.3m) —
Proceeds from sales of common stock under employee stock purchase plan $170k $830k $1.3m $1.7m $2.2m $3.0m $2.8m $2.8m — $3.2m
Issuance of common stock related to business acquisitions $1.5m $3.1m — — — — — — — $5.6m
Net Other Financing Charges — — — — — ($696k) ($16.0m) ($1.4m) ($5.8m) —
Net cash (used in) provided by financing activities $848k ($2.5m) $119.7m $56.9m ($19.0m) $8.4m ($23.8m) ($5.6m) — ($42.7m)
Net Cash Provided by (Used in) Financing Activities — ($2.5m) $119.7m $56.9m ($18.5m) $8.4m ($23.8m) ($5.6m) ($42.7m) —
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — $835k ($9.8m) ($17.2m) $8.3m $3.9m $50.8m ($8.2m) —
Net increase (decrease) in cash, cash equivalents and restricted cash — ($8.2m) $835k ($9.8m) $23.0m $8.3m $3.9m $50.8m — ($8.2m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — $15.3m $5.5m $11.2m $19.5m $23.4m $74.2m $65.9m —
Cash, cash equivalents and restricted cash at beginning of period — $14.4m $15.3m $5.5m $28.4m $19.5m $23.4m $74.2m — $65.9m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — $8.3m $3.9m $50.8m ($8.2m) —
Interest Paid, Excluding Capitalized Interest, Operating Activities $179k $111k $494k $4.2m $3.5m $5.1m $10.2m $7.5m $5.4m —
Income Taxes Paid, Net $1.9m $2.8m $3.2m $4.1m ($1.6m) ($1.1m) ($3.1m) $1.3m $2.3m —

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