← WW INTERNATIONAL, INC.
| Annual Trend | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | — | $67.7m | $163.5m | $223.7m | $119.6m | $75.1m | — | ($251.4m) | ($112.3m) | ($345.7m) | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | $67.5m | $163.3m | $223.6m | $119.4m | $75.0m | — | ($251.4m) | ($112.3m) | ($345.7m) | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | ($206k) | ($197k) | ($181k) | ($169k) | ($38k) | — | — | — | — | |
| Depreciation, Depletion and Amortization | $49.2m | $58.7m | $57.0m | $52.6m | $54.3m | $59.5m | $50.7m | $48.8m | $57.5m | $37.8m | |
| Amortization of Debt Issuance Costs | — | $6.1m | $6.1m | $8.5m | $9.3m | $8.8m | — | $5.0m | $5.0m | $5.0m | |
| Amortization of Debt Issuance Costs and Discounts | — | — | $6.1m | $8.5m | $9.3m | $8.8m | — | $5.0m | $5.0m | $5.0m | |
| Amortization of Intangible Assets | — | $35.8m | $36.0m | $29.0m | $29.3m | $29.8m | — | $33.7m | $42.4m | $33.6m | |
| Depreciation | $49.2m | $16.9m | $14.8m | $15.1m | $15.7m | $20.8m | $50.7m | $10.1m | $10.0m | $4.2m | |
| Other Depreciation and Amortization | — | — | — | — | — | — | — | — | — | — | |
| Amortization of deferred financing costs and debt (premium) discount, net | — | $6.1m | $6.1m | $8.5m | $9.3m | — | $8.8m | $6.1m | $5.0m | $5.0m | |
| Deferred Income Tax Expense (Benefit) | — | $11.1m | ($48.2m) | ($13.7m) | ($9.4m) | ($1.4m) | — | ($151.0m) | $19.8m | ($26.6m) | |
| Deferred tax (benefit) provision | $22.2m | $12.1m | ($48.2m) | ($13.7m) | ($9.4m) | — | ($1.4m) | ($15.6m) | $19.8m | ($26.6m) | |
| Share-based Payment Arrangement, Noncash Expense | — | $6.5m | $14.9m | $20.2m | $20.5m | $55.0m | — | $13.0m | $15.2m | $7.8m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | $9.5m | $25.0m | $6.6m | $6.8m | — | $2.2m | $2.2m | $839k | |
| Goodwill, Impairment Loss | — | — | $13.3m | $0 | $0 | $3.7m | — | $3.1m | $3.6m | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | — | — | — | — | — | — | |
| Impairment of franchise rights acquired | $26.7m | $2.5m | $682k | $27k | — | — | — | $396.7m | $3.6m | $315.0m | |
| Impairment of intangible and long-lived assets | — | — | $682k | $27k | $307k | — | $1.4m | $521k | $1.1m | $481k | |
| Share-based compensation expense | $10.5m | $24.8m | $14.9m | $20.2m | $20.5m | — | $55.0m | $21.3m | $15.2m | $7.8m | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | — | $0 | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | ($70k) | $0 | $0 | — | — | — | — | — | |
| Gain (Loss) on Extinguishment of Debt | — | $0 | ($9.0m) | $0 | $0 | — | — | — | — | — | |
| Income Tax Expense (Benefit) | — | $16.6m | ($18.2m) | $20.5m | $31.5m | $17.5m | — | ($114.4m) | $38.6m | $526k | |
| Other Nonoperating Income (Expense) | — | ($1.5m) | ($472k) | ($2.6m) | ($1.8m) | ($349k) | — | ($1.7m) | ($72k) | $1k | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Inventories | — | $9.5m | $4.5m | $1.1m | $9.1m | $25.9m | — | ($3.7m) | ($14.0m) | ($91k) | |
| Increase (Decrease) in Accounts Payable | — | $461k | ($14.5m) | $2.2m | $1.3m | ($4.0m) | — | ($2.7m) | ($54k) | ($508k) | |
| Foreign Currency Transaction Gain (Loss), Unrealized | — | ($1.3m) | ($202k) | ($2.0m) | ($1.2m) | ($719k) | — | ($2.4m) | ($263k) | $2.3m | |
| Gain (Loss) on Investments | — | — | — | — | — | — | — | — | — | — | |
| Goodwill | — | $166.1m | $156.3m | $152.5m | $157.9m | $155.6m | — | $156.0m | $243.4m | $239.6m | |
| Inventory Write-down | — | $5.1m | $7.8m | $7.9m | $8.7m | $16.4m | — | $6.8m | $7.3m | $72k | |
| Proceeds from Stock Options Exercised | $658k | $139k | $5.5m | $33.4m | $1.1m | $8.2m | $8.2m | $0 | $718k | $0 | |
| Net (loss) income | $98.6m | $32.8m | $163.3m | $223.6m | $119.4m | — | $75.0m | $66.9m | ($112.3m) | ($345.7m) | |
| Allowance for doubtful accounts | $99k | ($446k) | ($587k) | $130k | ($123k) | — | $411k | ($214k) | $1.3m | $2.1m | |
| Reserve for inventory obsolescence | $11.8m | $7.6m | $7.8m | $7.9m | $8.7m | — | $16.4m | $7.7m | $7.3m | $72k | |
| Early extinguishment of debt | $0 | — | — | — | — | — | — | $30.4m | — | — | |
| Receivables | $3.8m | $1.6m | $5.4m | ($8.0m) | $1.3m | — | ($3.6m) | $4.7m | $17.1m | $1.6m | |
| Inventories | ($3.2m) | ($3.1m) | ($4.5m) | ($1.1m) | ($9.1m) | — | ($25.9m) | $1.8m | $14.0m | $91k | |
| Prepaid expenses | ($722k) | ($18.3m) | ($4.4m) | ($4.0m) | $13.6m | — | ($5.1m) | $1.6m | ($4.1m) | $18.7m | |
| Accounts payable | $9.9m | ($13.9m) | ($14.5m) | $2.2m | $1.3m | — | ($4.0m) | $373k | ($54k) | ($508k) | |
| Accrued liabilities | $10.4m | ($30.9m) | $4.4m | $16.6m | ($7.0m) | — | ($29.4m) | $1.3m | ($11.6m) | ($15.0m) | |
| Deferred revenue | ($7.9m) | $1.3m | $8.3m | ($17.2m) | $6.2m | — | ($11.6m) | ($3.9m) | $1.3m | ($1.8m) | |
| Other long term assets and liabilities, net | $2.5m | $1.5m | $5.7m | ($13.0m) | ($878k) | — | $1.9m | ($8.0m) | ($3.6m) | ($14.6m) | |
| Income taxes | ($1.4m) | ($10.0m) | $4.3m | $27.3m | ($18.1m) | — | $3.0m | ($7.0m) | ($211k) | $1.0m | |
| Capitalized software and website development expenditures | ($42.6m) | ($32.3m) | ($26.9m) | ($27.8m) | ($30.8m) | — | ($28.9m) | ($35.2m) | ($33.8m) | ($15.7m) | |
| Cash paid for acquisitions, net of cash acquired | ($16.7m) | ($3.1m) | $0 | ($7.1m) | ($4.1m) | — | ($10.0m) | ($12.8m) | ($38.4m) | — | |
| Other items, net | ($628k) | ($936k) | ($143k) | ($10.0m) | ($487k) | — | ($667k) | ($151k) | ($48k) | ($4k) | |
| Net (payments) borrowings on revolver | — | ($48.0m) | $25.0m | ($25.0m) | $0 | — | $0 | $0 | — | — | |
| Financing costs and debt discount | — | $0 | ($53.6m) | $0 | $0 | — | ($475k) | ($37.9m) | — | — | |
| Cash paid for acquisitions | — | — | — | — | — | — | — | ($6.5m) | ($1.2m) | ($16.5m) | |
| Cash provided by (used for) financing activities | — | ($212.2m) | ($211.5m) | ($74.4m) | ($183.0m) | — | ($95.5m) | ($111.5m) | ($2.7m) | ($17.3m) | |
| Net Cash Provided by (Used in) Operating Activities | $231.6m | $54.8m | $222.3m | $295.6m | $182.4m | $135.9m | $135.9m | $76.6m | $6.7m | ($16.8m) | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | ($9.1m) | $5.6m | $13.7m | $19.1m | $17.2m | $21.5m | ($21.5m) | $2.1m | $2.5m | $718k | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $2.9m | $0 | $7.1m | $4.1m | $10.0m | — | $4.3m | $38.4m | — | |
| Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net | — | $0 | — | — | — | — | — | — | — | — | |
| Payments for (Proceeds from) Other Investing Activities | — | $291k | $143k | $10.0m | $580k | $5.1m | — | $42k | $33k | $5k | |
| Net Cash Provided by (Used in) Investing Activities | ($69.0m) | ($40.3m) | ($40.8m) | ($64.0m) | ($52.6m) | ($65.6m) | ($65.6m) | ($42.6m) | ($74.7m) | ($16.4m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | — | — | $1.8b | $0 | $0 | — | — | — | — | — | |
| Proceeds from long term debt | — | $0 | $1.8b | $0 | $0 | — | — | $1.5b | — | — | |
| Repayments of Long-term Debt | — | $165.3m | $2.0b | $57.8m | $177.0m | $96.2m | — | — | — | — | |
| Payments on long-term debt | ($30.0m) | ($158.1m) | ($2.0b) | ($57.8m) | ($177.0m) | — | ($96.2m) | ($1.6b) | — | — | |
| Proceeds from Issuance of Common Stock | — | $0 | $0 | — | — | — | — | — | — | — | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | — | — | — | — | |
| Dividends paid | — | $11k | $0 | $0 | — | — | — | — | — | — | |
| Dividends Payable | — | — | — | — | — | — | — | — | — | — | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | ($487k) | ($667k) | — | ($112k) | ($48k) | ($4k) | |
| Net Cash Provided by (Used in) Financing Activities | — | — | — | ($74.4m) | ($183.0m) | ($95.5m) | — | ($4.7m) | ($2.7m) | ($17.3m) | |
| Foreign currency exchange rate loss (gain) | $3.0m | $1.5m | $202k | $2.0m | $1.2m | — | $719k | $744k | $263k | ($2.3m) | |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | — | ($2.2m) | $4.4m | ($3.4m) | ($1.0m) | — | $8.3m | ($5.1m) | $1.8m | ($2.2m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $153.9m | ($54.2m) | ($16.8m) | — | $24.5m | ($69.0m) | ($52.8m) | |
| Net (decrease) increase in cash and cash equivalents and restricted cash | — | ($132.9m) | ($25.6m) | $153.9m | ($54.2m) | — | ($16.8m) | ($12.1m) | ($69.0m) | ($52.8m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | — | — | — | $56.5m | |
| Cash and cash equivalents and restricted cash, beginning of period | — | $108.7m | $83.1m | $237.0m | $182.7m | — | $165.9m | $153.8m | $109.4m | $56.5m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $88.6m | $115.2m | $119.9m | $130.1m | $137.2m | — | $76.2m | $91.6m | $96.8m | |
| Income Taxes Paid, Net | — | $25.5m | $27.3m | $12.1m | $34.3m | $24.6m | ($6.8m) | $25.8m | $30.9m | $11.5m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.