ADTRAN Holdings, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-45.7M | $-459.9M | $-268.9M | $-2.0M | $-8.6M | $2.4M | $-53.0M | $-19.3M |
| Depreciation & Amortization | $92.5M | $90.5M | $112.9M | $67.6M | $16.1M | $16.6M | $17.8M | $15.9M |
| Depreciation | $30.3M | $27.7M | $30.2M | $20.9M | $12.0M | $12.2M | $12.5M | $12.7M |
| Amortization | $62.9M | $63.0M | $82.8M | $47.3M | $4.1M | $4.4M | $5.3M | $2.3M |
| Stock-Based Compensation | $10.1M | $16.0M | $16.4M | $28.3M | $7.5M | $6.8M | $7.0M | $7.2M |
| Net Cash from Operating Activities | $129.8M | $103.6M | $-43.0M | $-44.2M | $3.0M | $-16.5M | $-2.5M | $55.5M |
| Investing Activities | ||||||||
| Capital Expenditures | $31.7M | $34.5M | $36.3M | $17.1M | $5.7M | $6.4M | $9.5M | $8.1M |
| Business Acquisitions | — | — | — | — | — | — | — | $22.0M |
| Net Cash from Investing Activities | $-69.2M | $-64.3M | $-34.9M | $55.8M | $10.3M | $41.4M | $-9.8M | $285.0K |
| Financing Activities | ||||||||
| Dividends Paid | — | $0 | $21.2M | $22.9M | $17.5M | $17.3M | $17.2M | $17.3M |
| Stock Repurchases | — | — | — | — | — | — | $184.0K | $15.5M |
| Net Cash from Financing Activities | $-46.7M | $-50.0M | $58.9M | $52.9M | $-13.0M | $-43.0M | $-17.9M | $-32.4M |
| Net Change in Cash | — | — | — | — | — | — | — | $-4.3M |
| Free Cash Flow | $98.0M | $69.1M | $-79.4M | $-61.3M | $-2.7M | $-22.9M | $-12.0M | $47.3M |