Penumbra Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $177.7M | $14.0M | $91.0M | $-2.0M | $5.3M | $-15.7M | $48.5M | $6.6M |
| Depreciation & Amortization | $17.5M | $23.7M | $27.3M | $24.3M | $16.4M | $12.9M | $8.1M | $6.2M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $712.0K | $5.5M | $10.2M | $9.2M | $2.9M | $1.1M | $1.1M | $1.1M |
| Stock-Based Compensation | $59.2M | $46.2M | $50.5M | $37.4M | $65.8M | $25.5M | $21.5M | $18.4M |
| Net Cash from Operating Activities | $238.7M | $168.5M | $97.3M | $-55.7M | $9.5M | $-33.2M | $26.7M | $28.8M |
| Investing Activities | ||||||||
| Capital Expenditures | $63.7M | $21.2M | $15.2M | $19.3M | $21.2M | $24.8M | $22.1M | $9.6M |
| Business Acquisitions | — | — | — | — | — | $0 | $0 | $20.4M |
| Net Cash from Investing Activities | $-404.6M | $77.6M | $-16.1M | $54.8M | $-21.7M | $-104.1M | $-12.7M | $-385.0K |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $0 | $100.4M | $0 | $0 | — | — | — | — |
| Net Cash from Financing Activities | $26.5M | $-87.0M | $16.2M | $11.6M | $836.0K | $134.9M | $-9.0M | $-9.8M |
| Net Change in Cash | $-137.5M | $156.9M | $97.6M | $10.5M | $-10.3M | $-3.1M | $4.9M | $17.2M |
| Free Cash Flow | $174.9M | $147.3M | $82.1M | $-75.0M | $-11.7M | $-58.0M | $4.5M | $19.2M |