Photronics, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $136.4M | $130.7M | $125.5M | $118.8M | $55.4M | $33.8M | $29.8M | $42.1M |
| Depreciation & Amortization | $77.3M | $82.4M | $80.5M | $80.0M | $87.5M | $89.2M | $79.2M | $79.5M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $347.0K | $372.0K | $362.0K | $359.0K | $2.9M | $4.6M | $4.6M | $4.8M |
| Stock-Based Compensation | $13.4M | $13.9M | $8.0M | $6.3M | $5.3M | $4.9M | $3.7M | $3.2M |
| Net Cash from Operating Activities | $247.8M | $261.4M | $302.2M | $275.2M | $150.8M | $143.0M | $68.4M | $130.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $188.1M | $130.9M | $131.3M | $112.3M | $109.1M | $70.8M | $178.4M | $92.6M |
| Business Acquisitions | — | — | — | — | — | — | $0 | $0 |
| Net Cash from Investing Activities | $-238.9M | $-156.5M | $-101.5M | $-147.8M | $-103.5M | $-65.7M | $-151.4M | $-90.9M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $97.4M | $0 | $0 | $2.5M | $48.2M | $34.4M | $21.7M | $23.1M |
| Net Cash from Financing Activities | $-115.3M | $-7.7M | $-18.5M | $-38.7M | $-53.9M | $-16.0M | $-42.1M | $-13.8M |
| Net Change in Cash | $-106.1M | $99.4M | $179.5M | $42.7M | $-1.9M | $72.3M | $-122.7M | $21.3M |
| Free Cash Flow | $59.7M | $130.5M | $170.9M | $162.8M | $41.7M | $72.2M | $-110.0M | $38.0M |