← ZIFF DAVIS, 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 | $152.4m | $139.4m | $128.7m | $218.8m | $150.7m | $496.7m | $63.8m | $41.5m | $63.0m | $47.4m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $152.4m | $139.4m | $128.7m | $218.8m | $150.7m | $496.7m | $63.8m | $41.5m | $63.0m | $47.4m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $152.4m | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | $401.4m | $65.5m | $41.5m | $63.0m | $47.4m | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | $95.3m | ($1.7m) | $0 | $0 | — | |
| Depreciation, Depletion and Amortization | $122.1m | $162.0m | $187.2m | $232.0m | $228.7m | $258.3m | $233.4m | $237.0m | $211.9m | $228.7m | |
| Amortization of Debt Issuance Costs and Discounts | $9.8m | $12.0m | $11.4m | $14.0m | $28.5m | $26.1m | $2.7m | — | — | — | |
| Amortization of Intangible Assets | $95.3m | $129.0m | $145.9m | $180.6m | $164.9m | $185.7m | $156.7m | $144.9m | $117.5m | $121.7m | |
| Depreciation | $26.8m | $33.0m | $41.3m | $51.4m | $63.8m | $63.6m | $76.7m | $92.1m | $94.4m | $106.9m | |
| Deferred Income Tax Expense (Benefit) | ($13.8m) | ($21.4m) | $25.1m | ($63.4m) | $5.8m | ($21.4m) | ($13.0m) | ($30.0m) | ($18.8m) | $4.0m | |
| Share-based Payment Arrangement, Noncash Expense | $13.7m | $22.7m | $28.1m | $23.9m | $24.0m | $25.2m | $26.6m | $31.9m | $40.9m | $44.9m | |
| Goodwill, Impairment Loss | — | — | — | — | — | $32.6m | $27.4m | $56.9m | $85.3m | $17.6m | |
| Share-based Payment Arrangement, Expense | $13.7m | $22.7m | $28.1m | $23.9m | $24.0m | $24.1m | $26.6m | $31.9m | $40.9m | $44.9m | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | — | — | — | — | $0 | $0 | $21.2m | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | $4.2m | $19.6m | $16.7m | — | — | — | — | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | $0 | $0 | — | — | — | — | |
| Operating Lease, Impairment Loss | — | — | — | — | $12.1m | $12.7m | $1.0m | $2.2m | $900k | $1.3m | |
| Gain (Loss) on Extinguishment of Debt | — | ($8.0m) | $0 | $0 | ($38.0m) | ($5.3m) | $11.5m | $0 | $0 | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | — | $160.1m | — | — | — | |
| Gain (Loss) on Disposition of Business | — | $27.7m | $0 | $0 | $17.1m | ($21.8m) | $0 | $0 | ($3.8m) | ($58.0m) | |
| Income (Loss) from Equity Method Investments | — | — | ($4.1m) | ($168k) | ($11.3m) | $35.8m | ($7.7m) | ($9.3m) | $11.2m | ($7.9m) | |
| Income Tax Expense (Benefit) | $59.0m | $60.5m | $44.8m | ($19.4m) | $68.4m | ($14.2m) | $58.0m | $24.1m | $41.4m | $25.4m | |
| Other Nonoperating Income (Expense) | $10.2m | $22.0m | ($4.7m) | ($7.9m) | $31.6m | $1.3m | $8.4m | ($9.5m) | $5.0m | ($5.9m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $30.7m | $37.5m | ($4.0m) | $30.7m | $31.6m | $18.1m | ($14.9m) | $35.4m | $153.1m | $8.4m | |
| Increase (Decrease) in Other Operating Assets | ($743k) | $2.7m | ($2.4m) | $4.1m | $3k | $3.8m | $20.0m | $5.6m | ($11.4m) | ($9.8m) | |
| Accounts Receivable, Credit Loss Expense (Reversal) | $13.2m | $13.2m | $17.3m | $13.1m | $13.3m | $8.7m | ($255k) | $2.8m | $2.9m | $4.0m | |
| Proceeds from Stock Options Exercised | $3.6m | $1.1m | $1.5m | $5.3m | $1.6m | $2.9m | $148k | $0 | $0 | — | |
| Debt and Equity Securities, Gain (Loss) | — | — | — | — | ($20.8m) | $281.5m | — | — | — | — | |
| Debt and Equity Securities, Unrealized Gain (Loss) | — | — | — | — | — | — | ($7.1m) | ($28.5m) | — | — | |
| Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded | — | — | — | — | — | — | — | — | — | $17.6m | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | — | — | $69.3m | ($53.9m) | ($28.1m) | — | — | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | — | — | — | ($46.7m) | $357k | — | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | — | — | $298.5m | ($7.1m) | ($28.5m) | — | — | |
| Foreign Currency Transaction Gain (Loss), Realized | ($700k) | ($5.8m) | ($2.3m) | ($4.0m) | $28.5m | $2.0m | $8.2m | ($3.9m) | ($1.0m) | ($5.6m) | |
| Foreign Currency Transaction Gain (Loss), Unrealized | — | — | — | — | $34.6m | ($184k) | — | — | — | — | |
| Gain (Loss) on Investments | — | — | — | — | ($21.0m) | — | ($46.7m) | $357k | ($7.7m) | $5.0m | |
| General and Administrative Expense | $239.7m | $323.5m | $375.3m | $424.1m | $445.4m | $456.8m | $404.3m | $421.1m | $203.5m | $210.0m | |
| Goodwill | $1.1b | $1.2b | $1.4b | $1.6b | $1.9b | $1.5b | $1.6b | $1.5b | $1.6b | $1.6b | |
| Operating Costs and Expenses | — | — | — | — | — | — | $1.2b | $1.2b | $1.3b | $1.3b | |
| Operating Expenses | $484.6m | $699.8m | $761.9m | $857.7m | $923.2m | $1.1b | — | — | — | — | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | — | $298.5m | ($7.1m) | ($28.5m) | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $282.4m | $264.4m | $401.3m | $412.5m | $480.1m | $516.5m | $336.4m | $320.0m | $390.3m | $407.1m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $24.7m | $39.6m | $56.4m | $70.6m | $92.6m | $113.7m | $106.2m | $108.7m | $106.6m | $119.2m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $580.7m | $175.0m | $312.4m | $415.3m | $482.2m | $141.1m | $104.1m | $9.5m | $217.6m | $67.3m | |
| Payments to Acquire Investments | — | $4k | $500k | $0 | — | — | — | — | — | — | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | — | — | — | — | $565k | ($338k) | |
| Net Cash Provided by (Used in) Investing Activities | ($448.9m) | ($158.5m) | ($406.6m) | ($505.3m) | ($586.2m) | $59.1m | ($220.8m) | ($127.4m) | ($297.5m) | ($145.8m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $0 | $636.5m | $0 | $550.0m | $750.0m | — | — | — | — | — | |
| Repayments of Long-term Debt | — | $255.0m | $2.2m | $5.1m | $650.0m | $512.4m | $166.9m | $0 | $135.0m | $0 | |
| Payments for Repurchase of Common Stock | $56.5m | $9.8m | $47.1m | $20.8m | $275.7m | $78.3m | $78.3m | $108.5m | $185.2m | $173.8m | |
| Dividends paid | $65.8m | $73.5m | $81.7m | $43.5m | $0 | $0 | — | — | — | — | |
| Payments of Dividends | $65.8m | $73.5m | $81.7m | $43.5m | $0 | $0 | — | — | — | — | |
| Proceeds from (Payments for) Other Financing Activities | ($492k) | ($54k) | ($443k) | ($1.9m) | ($1.9m) | ($4.1m) | ($630k) | $250k | ($1.1m) | ($1.7m) | |
| Net Cash Provided by (Used in) Financing Activities | $41.1m | $111.8m | ($131.4m) | $456.7m | ($234.6m) | ($113.1m) | ($140.8m) | ($114.8m) | ($321.0m) | ($170.3m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($6.3m) | $9.2m | ($4.8m) | $2.2m | $7.8m | ($10.3m) | ($16.9m) | $7.1m | ($3.6m) | $10.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($6.3m) | $9.2m | ($4.8m) | $2.2m | ($333.0m) | $452.2m | ($42.0m) | $84.8m | ($231.7m) | $101.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $575.6m | $242.7m | $694.8m | $652.8m | $737.6m | — | — | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | $106.0m | $54.5m | $36.2m | $38.7m | $28.9m | $34.6m | |
| Income Taxes Paid, Net | $37.4m | $51.1m | $37.6m | $45.9m | $45.0m | $61.2m | $59.5m | $64.6m | $68.7m | $48.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.