ADTRAN Holdings, Inc.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $23.8M | $35.2M | $18.6M | $44.6M | $45.8M | $47.3M | $138.6M | $114.0M |
| Depreciation & Amortization | $15.7M | $14.4M | $14.2M | $14.8M | $14.6M | $14.1M | $11.5M | $10.5M |
| Depreciation | $12.8M | $12.0M | $12.3M | $12.5M | $12.2M | $12.1M | $10.8M | $10.2M |
| Amortization | $2.9M | $2.5M | $1.9M | $2.3M | $2.4M | $2.0M | $700.0K | $400.0K |
| Stock-Based Compensation | $7.4M | $6.7M | $6.7M | $8.6M | $9.1M | $9.3M | $9.2M | $7.7M |
| Net Cash from Operating Activities | $-42.4M | $42.0M | $18.6M | $55.8M | $59.8M | $85.9M | $150.5M | $92.8M |
| Investing Activities | ||||||||
| Capital Expenditures | $14.7M | $21.4M | $11.8M | $11.3M | $8.2M | $12.3M | $11.8M | $9.9M |
| Business Acquisitions | — | $943.0K | — | — | — | $-7.5M | $22.7M | — |
| Net Cash from Investing Activities | $66.0M | $-6.5M | — | — | $73.8M | $-5.3M | $-122.8M | $-74.9M |
| Financing Activities | ||||||||
| Dividends Paid | $17.4M | $17.6M | $18.4M | $19.9M | $21.4M | $22.8M | $23.1M | $22.5M |
| Stock Repurchases | $17.3M | $25.8M | $66.2M | $80.6M | $124.3M | $39.4M | $35.6M | $18.3M |
| Net Cash from Financing Activities | $-22.4M | $-39.8M | — | — | $-141.9M | $-55.2M | $-16.2M | $-11.7M |
| Net Change in Cash | $5.3M | $-393.0K | — | — | $-8.4M | $25.4M | $11.5M | $6.1M |
| Free Cash Flow | $-57.1M | $20.6M | $6.8M | $44.6M | $51.6M | $73.6M | $138.7M | $82.9M |