ICTS International N.V.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-14.3M | $-4.2M | $7.1M | $-4.7M | $34.8M | $4.4M | $-8.0M | $-11.2M |
| Depreciation & Amortization | $2.1M | $2.4M | $2.7M | $2.5M | $2.1M | $2.1M | $1.7M | $1.9M |
| Depreciation | $2.1M | $2.4M | $2.7M | $2.5M | $2.1M | $2.1M | $1.7M | $1.9M |
| Amortization | $449.0K | $782.0K | $947.0K | $742.0K | $374.0K | $147.0K | $0 | $0 |
| Stock-Based Compensation | $58.0K | $858.0K | $911.0K | $513.0K | $350.0K | $0 | $0 | — |
| Net Cash from Operating Activities | $-31.0M | $-9.5M | $4.4M | $-2.1M | $53.4M | $24.2M | $-9.1M | $7.4M |
| Investing Activities | ||||||||
| Capital Expenditures | $1.8M | $1.9M | $1.6M | $1.7M | $1.4M | $2.2M | $1.9M | $2.9M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-32.9M | $-2.1M | $-623.0K | $-2.7M | $-2.4M | $-3.1M | $-3.4M | $-4.7M |
| Financing Activities | ||||||||
| Dividends Paid | $0 | $3.2M | $0 | $0 | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $4.1M | $-159.0K | $193.0K | $-152.0K | $-7.2M | $-16.5M | $51.9M | $-61.0K |
| Net Change in Cash | $-57.4M | $-13.6M | $5.1M | $-7.5M | $42.4M | $6.2M | $38.9M | $2.4M |
| Free Cash Flow | $-32.8M | $-11.4M | $2.8M | $-3.9M | $51.9M | $22.0M | $-11.0M | $4.5M |