For the year ending 2025-12-31, ITGR had -$29,382K decrease in cash & cash equivalents over the period. $105,116K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 102,808 | 119,896 | 90,650 | 66,377 |
| Depreciation and amortization | 130,667 | 111,031 | 98,841 | 91,991 |
| Debt related charges included in interest expense | 6,882 | 4,057 | 8,054 | 2,036 |
| Debt conversion inducement expense | 46,681 | - | - | - |
| Inventory step-up amortization | 0 | 1,056 | 590 | 798 |
| Stock-based compensation | 23,224 | 24,767 | 23,283 | 21,023 |
| Non-cash (gains) charges related to customer bankruptcy | - | - | - | 0 |
| Non-cash lease expense | 10,160 | 9,125 | 11,248 | 10,914 |
| Non-cash (gain) loss on equity investments | 550 | -780 | -5,691 | -7,636 |
| Contingent consideration fair value adjustment | 2,266 | 3,550 | 736 | -3,097 |
| Other non-cash losses | -1,693 | -6,954 | -4,379 | -5,854 |
| Deferred income taxes | -2,687 | -14,110 | -9,490 | -17,498 |
| Gain on sale of discontinued operations | 46 | 177 | - | - |
| Accounts receivable | 82,382 | 6,532 | 7,437 | 41,380 |
| Inventories | 2,576 | 18,079 | 30,178 | 56,721 |
| Contract assets | 7,277 | 18,447 | 13,646 | 7,543 |
| Prepaid expenses and other assets | 2,495 | 229 | 930 | -764 |
| Accounts payable | -566 | -16,620 | -520 | 26,038 |
| Accrued expenses and other liabilities | -20,269 | 4,472 | 7,908 | -9,529 |
| Income taxes payable | -4,853 | 811 | -7,494 | 12,524 |
| Net cash provided by operating activities | 196,148 | 205,205 | 180,213 | 116,381 |
| Acquisition of property, plant and equipment | 91,032 | 105,357 | 119,938 | 74,728 |
| Purchase of intangible asset | - | 250 | - | 0 |
| Proceeds from sale of property, plant and equipment | - | 39 | 173 | 639 |
| Proceeds from return of capital from equity investments | - | 0 | 0 | 304 |
| Acquisitions, net of cash acquired | 178,872 | 138,544 | 43,602 | 126,636 |
| Proceeds (settlement of working capital) from sale of discontinued operations, net | -950 | 48,698 | - | - |
| Other investing activities | -123 | - | - | - |
| Net cash used in investing activities | -270,731 | -195,414 | -163,367 | -200,421 |
| Principal payments of long-term debt | - | 6 | 415,938 | - |
| Proceeds from issuance of term loans | - | - | 0 | - |
| Principal payments of term loans | - | - | - | 25,249 |
| Principal payments of long-term debt | 667,710 | - | - | - |
| Proceeds from issuance of convertible notes, net of discount | 977,500 | 0 | 486,250 | 0 |
| Proceeds from revolving credit facility | 307,000 | 274,500 | 383,103 | 166,000 |
| Payments of revolving credit facility | 433,000 | 247,500 | 424,801 | - |
| Purchase of capped calls | 71,000 | 0 | 35,000 | - |
| Payment of debt issuance costs | 1,386 | 2,075 | 2,181 | 0 |
| Payments of revolving credit facility | - | - | - | 45,000 |
| Repurchases of common stock | 50,014 | - | - | - |
| Proceeds from the exercise of stock options | 3,644 | 742 | 2,303 | 150 |
| Tax withholdings related to net share settlements of restricted stock units | 16,918 | 10,938 | 3,098 | 2,929 |
| Proceeds from contingent consideration | - | 0 | 0 | 1,319 |
| Payment of contingent consideration | 0 | 0 | 7,660 | 972 |
| Principal payments on finance leases | 5,924 | 10,723 | 992 | 843 |
| Other financing activities | 1,366 | 9,321 | - | - |
| Net cash provided by (used in) financing activities | 43,558 | 13,321 | -18,014 | 92,476 |
| Effect of foreign currency exchange rates on cash and cash equivalents | 1,643 | -243 | 570 | -2,049 |
| Net increase (decrease) in cash and cash equivalents | -29,382 | 22,869 | -598 | 6,387 |
| Cash and cash equivalents, beginning of year | 46,543 | 23,674 | 24,272 | 17,885 |
| Cash and cash equivalents, end of year | 17,161 | 46,543 | 23,674 | 24,272 |
Integer Holdings Corp (ITGR)
Integer Holdings Corp (ITGR)