Turning Point Brands, Inc. (TPB)
Turning Point Brands, Inc., along with its affiliated companies, is engaged in the creation, promotion, and distribution of a diverse array of branded consumer products. Its operations are structured into three distinct divisions: Zig-Zag Products, Stoker's Products, and NewGen Products. The Zig-Zag Products division focuses on the marketing and distribution of rolling papers, cigarette tubes, pre-rolled cigars, 'make-your-own' cigar wraps, and related accessories, all sold under the well-known Zig-Zag brand. Conversely, the Stoker's Products division is responsible for manufacturing and commercializing moist snuff and loose-leaf chewing tobacco products. These are offered under several brand names including Stoker's, Beech-Nut, Durango, Trophy, and Wind River. The NewGen Products segment caters to individual consumers by marketing and distributing cannabidiol (CBD) isolate, liquid vapor items, and various other offerings free from tobacco and/or nicotine. This is achieved through its direct-to-consumer online platform, VaporFi, and its non-traditional retail outlet, VaporBeast. TPB's goods are supplied to a broad network of wholesale distributors and retail partners, encompassing independent and chain convenience stores, specialized tobacco shops, grocery stores, major retailers, and pharmacies. Originally established as North Atlantic Holding Company, Inc., the corporation adopted its current name, Turning Point Brands, Inc., in November 2015. Founded in 1988, Turning Point Brands, Inc. maintains its corporate headquarters in Louisville, Kentucky.
Sector: Tobacco Products
Industry: Tobacco
Turning Point Brands, Inc.
NYSE:TPBConsumer Defensive · Tobacco
-4.31%$63.99
AH Close$63.99+0.00%vs close
AH Close$63.99+0.00%vs close
Mkt Cap$1.28B
Float15.56M
O/S20.05M
Inst Own100.0%
SI20.4%
Div Yield0.49%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$463.06M
Net Income$58.16M
Total Assets$763.75M
Free Cash Flow$43.84M
Debt & Equity
Debt 47%
Equity 53%
Total Debt$308.97M
Total Equity$354.3M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in TPB's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$763.75M
Liabilities$391.77M
Accounts Receivable$40.91M
Accounts Payable$20.42M
Inventory$107.99M
PP&E (Net)$50.73M
Goodwill$136.1M
Intangible Assets$64.04M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2006 | FY 2005 | FY 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 |
| Revenue | $463.06M | $360.66M | $325.06M | $321.23M | $445.47M | $405.11M | $361.99M | $332.68M | $285.78M | $206.23M | $197.26M | $200.33M | $193.3M | $186.7M | $188.5M | $174.5M | $117.6M | $116.9M | $115.3M |
| YoY Growth | 28.4% | 11.0% | 1.2% | -27.9% | 10.0% | 11.9% | 8.8% | 16.4% | 38.6% | 4.5% | -1.5% | 3.6% | 3.5% | -1.0% | 8.0% | 48.4% | 0.6% | 1.4% | - |
| Cost of Revenue | $198.75M | $159.09M | $142.12M | $143.4M | $227.64M | $215.12M | $201.87M | $190.12M | $160.91M | $105.87M | $100.96M | $107.17M | $103.04M | $100.9M | $100.7M | $96.2M | $53.3M | $56.7M | $58.6M |
| Gross Profit | $264.31M | $201.56M | $182.94M | $177.83M | $217.83M | $189.99M | $160.12M | $142.56M | $124.87M | $100.36M | $96.3M | $93.16M | $90.26M | $85.8M | $87.8M | $78.3M | $64.3M | $60.2M | $56.7M |
| Gross Margin | 57.1% | 55.9% | 56.3% | 55.4% | 48.9% | 46.9% | 44.2% | 42.9% | 43.7% | 48.7% | 48.8% | 46.5% | 46.7% | 46.0% | 46.6% | 44.9% | 54.7% | 51.5% | 49.2% |
| Research and Development | $0 | $1.3M | $600K | $600K | $1.1M | $1.3M | $2.5M | $2.5M | $2.3M | $1.8M | $1.4M | $1.2M | $949K | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $168.99M | $113.55M | $102.16M | $97.98M | $123.15M | $121.65M | $104.73M | $94.08M | $75.37M | $56.77M | $51.78M | $45.11M | $46.82M | $41.4M | $42.8M | $39.6M | $47.8M | $43.9M | $37M |
| Other | $0 | $0 | $0 | $0 | $3.26M | $2.62M | $25.66M | -$131K | $0 | $0 | $0 | $0 | $27K | $0 | $300K | -$1M | $600K | $400K | $500K |
| Total Operating Expenses | $168.99M | $114.85M | $102.76M | $98.58M | $127.51M | $125.56M | $132.89M | $94.08M | $75.37M | $56.77M | $51.78M | $45.11M | $46.85M | $41.4M | $43.1M | $38.6M | $48.4M | $44.3M | $37.5M |
| Operating Income (EBIT) | $95.33M | $86.72M | $80.18M | $79.25M | $90.32M | $64.43M | $27.23M | $48.48M | $49.5M | $43.59M | $44.51M | $48.06M | $43.41M | $44.5M | $44.7M | $39.7M | $15.9M | $15.9M | $19.2M |
| Operating Margin | 20.6% | 24.0% | 24.7% | 24.7% | 20.3% | 15.9% | 7.5% | 14.6% | 17.3% | 21.1% | 22.6% | 24.0% | 22.5% | 23.8% | 23.7% | 22.8% | 13.5% | 13.6% | 16.7% |
| Interest Expense | $25.39M | $13.98M | $14.64M | $19.52M | $20.5M | $13.49M | $14.44M | $15.09M | $16.89M | $26.62M | $34.28M | $34.31M | $44.09M | -$43M | -$35.2M | -$26.4M | -$27.08M | -$31.85M | -$31.28M |
| Interest Income | $7.92M | $0 | $0 | $0 | $0 | $0 | $0 | $267K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$12.18M | -$21.76M | -$18.11M | -$37.18M | -$25.02M | -$14.28M | -$8.13M | -$16.91M | -$22.75M | -$28.68M | -$34.28M | -$77.09M | -$44.53M | -$43.09M | -$35.2M | -$26.5M | -$27.1M | -$5.6M | -$26.9M |
| Income Before Tax (EBT) | $83.14M | $64.96M | $62.06M | $42.07M | $65.3M | $50.15M | $19.1M | $31.57M | $26.93M | $14.91M | $10.23M | -$29.04M | -$1.12M | $1.4M | $9.5M | $13.2M | -$11.2M | $10.3M | -$7.7M |
| Income Tax Expense | $14.99M | $16.93M | $24M | $10.98M | $14.04M | $11.96M | $2.86M | $6.29M | $7.28M | -$12.01M | $1.08M | $370K | $486K | $1M | $1.1M | -$3.1M | $850K | $228K | $17.4M |
| Net Income | $58.16M | $39.81M | $38.46M | $11.64M | $52.06M | $38.19M | $16.23M | $25.29M | $20.21M | $26.91M | $16.68M | -$29.41M | -$1.61M | $400K | $8.4M | $16.3M | -$12M | $10.1M | -$34.9M |
| Net Income Margin | 12.6% | 11.0% | 11.8% | 3.6% | 11.7% | 9.4% | 4.5% | 7.6% | 7.1% | 13.1% | 8.5% | -14.7% | -0.8% | 0.2% | 4.5% | 9.3% | -10.2% | 8.6% | -30.3% |
| Supplementary Data | |||||||||||||||||||
| EPS | 3.18 | 2.24 | 2.34 | 0.65 | 2.75 | 1.70 | 0.70 | 1.31 | 1.06 | 1.63 | 0.59 | -1.89 | -0.10 | 0.02 | 0.46 | 0.89 | -0.65 | 17.12 | -53.28 |
| Diluted EPS | 3.11 | 2.14 | 2.01 | 0.64 | 2.52 | 1.67 | 0.69 | 1.28 | 1.04 | 1.49 | 0.55 | -1.76 | -0.10 | 0.02 | 0.46 | 0.89 | -0.65 | 17.12 | -53.28 |
| Weighted Average OS | 18.31M | 17.73M | 17.58M | 17.90M | 18.92M | 19.40M | 19.63M | 19.36M | 18.99M | 16.47M | 15.54M | 15.54M | 15.54M | 18.30M | 18.30M | 18.30M | 18.40M | 590,000 | 655,000 |
| EBITDA | $115.94M | $94.05M | $88.64M | $64.97M | $98.59M | $72.06M | $57.34M | $60.65M | $46.15M | $45.78M | $45.57M | $48.99M | $46.34M | -$41.6M | -$25.7M | -$13.2M | -$35.77M | -$19.91M | -$47.5M |
| EBITDA Margin | 25.0% | 26.1% | 27.3% | 20.2% | 22.1% | 17.8% | 15.8% | 18.2% | 16.1% | 22.2% | 23.1% | 24.5% | 24.0% | -22.3% | -13.6% | -7.6% | -30.4% | -17.0% | -41.2% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2006 | FY 2005 | FY 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 |
| Assets | |||||||||||||||||||
| Current Assets | |||||||||||||||||||
| Cash and Cash Equivalents | $222.76M | $46.16M | $117.89M | $106.4M | $128.32M | $41.77M | $95.25M | $3.31M | $2.61M | $2.87M | $4.83M | $8.47M | $35.38M | $22.43M | $14.6M | $3.7M | $1.8M | $500K | $2.3M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $222.76M | $46.16M | $117.89M | $106.4M | $128.32M | $41.77M | $95.25M | $3.31M | $2.61M | $2.87M | $4.83M | $8.47M | $35.38M | $22.43M | $14.6M | $3.7M | $1.8M | $500K | $2.3M |
| Accounts Receivable | $40.91M | $24.8M | $29.17M | $8.38M | $6.5M | $9.33M | $6.91M | $2.62M | $3.25M | $2.18M | $3.94M | $2.53M | $3.21M | $3.32M | $0 | $0 | $5.9M | $6.7M | $7.8M |
| Inventory | $107.99M | $96.25M | $104.67M | $119.92M | $87.61M | $85.86M | $70.98M | $91.24M | $63.3M | $62.19M | $44.34M | $46.37M | $62.38M | $49.41M | $0 | $0 | $29.1M | $30.6M | $38M |
| Other Current Assets | $9.39M | $21.42M | $15.74M | $13.12M | $11.65M | $15.53M | $8.43M | $4.38M | $10.34M | $11.63M | $10.84M | $10.89M | $10.51M | $7.26M | $0 | $0 | $3.8M | $5.2M | $5.9M |
| Total Current Assets | $417.15M | $198.21M | $267.62M | $257.65M | $249.17M | $163.4M | $189.25M | $111.85M | $79.49M | $78.86M | $63.95M | $68.26M | $111.47M | $82.42M | $14.6M | $3.7M | $40.6M | $43M | $54M |
| Long-Term Assets | |||||||||||||||||||
| Property, Plant & Equipment Net | $50.73M | $37.95M | $36.78M | $35.25M | $33.7M | $33.44M | $25.95M | $10.59M | $8.86M | $7.59M | $5.6M | $5.06M | $4.68M | $4.86M | $0 | $0 | $14.3M | $14.4M | $10.8M |
| Goodwill | $136.1M | $135.93M | $136.25M | $136.25M | $162.33M | $159.62M | $154.28M | $145.94M | $134.62M | $134.39M | $128.7M | $128.7M | $128.7M | $128.7M | $0 | $0 | $128.7M | $128.7M | $128.7M |
| Intangible Assets | $64.04M | $65.25M | $86.86M | $84.52M | $87.48M | $79.42M | $33.47M | $35.34M | $26.44M | $27.14M | $8.55M | $8.55M | $8.55M | $8.58M | $0 | $0 | $9.2M | $9.9M | $10.3M |
| Long-Term Investments | $84.25M | $12.99M | $9.15M | $21.2M | $33.65M | $24.02M | $5.42M | -$1.42M | $1.03M | $139K | $31.84M | $0 | $0 | $31.36M | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $995K | $1.47M | $8.44M | $1.36M | $610K | $0 | $2.29M | $450K | $6.29M | -$31.84M | $0 | $0 | $0 | $0 | $0 | $7.3M | $6.1M | $5M |
| Other Long-Term Assets | $11.48M | $42.03M | $31.22M | $28.79M | $33.86M | $35.53M | $38.22M | $34.79M | $31.39M | $30.62M | $41.91M | $39.64M | $40.2M | $9.47M | $0 | $0 | $20.7M | $23.7M | $23.6M |
| Total Long-Term Assets | $346.6M | $295.15M | $301.74M | $314.45M | $352.39M | $332.65M | $257.33M | $227.52M | $202.78M | $206.16M | $184.77M | $181.95M | $182.13M | $182.97M | $0 | $0 | $180.2M | $182.8M | $178.4M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $260.2M | $233.8M | $0 | $0 | $0 |
| Total Assets | $763.75M | $493.35M | $569.36M | $572.11M | $601.56M | $496.05M | $446.58M | $339.38M | $282.28M | $285.02M | $248.72M | $250.21M | $293.61M | $265.39M | $260.2M | $233.8M | $220.8M | $225.8M | $232.4M |
| Liabilities | |||||||||||||||||||
| Current Liabilities | |||||||||||||||||||
| Accounts Payable | $20.42M | $11.68M | $8.41M | $8.36M | $7.36M | $9.2M | $14.13M | $6.84M | $3.69M | $9.15M | $4.09M | $2.3M | $12.42M | $938K | $0 | $0 | $1.9M | $6.3M | $7M |
| Short-Term Debt | $4.64M | $0 | $58.29M | $0 | $0 | $12M | $15.24M | $34M | $15.85M | $16.68M | $1.67M | $9M | $0 | $0 | $0 | $0 | $3.6M | $263.19M | $14.5M |
| Current Income Tax Payable | $0 | $358K | $3.82M | $1.87M | $2.05M | $4.33M | $705K | $0 | $0 | $41.57M | $382K | $0 | $0 | $271K | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.4M | $3.93M | $0 |
| Other Current Liabilities | $32.9M | $2.05M | $0 | $20K | $38K | $203K | $0 | $16.86M | $13.01M | $0 | $11.72M | $2M | $2.03M | $27.72M | $52.8M | $37.1M | $15.5M | -$249.92M | $15.7M |
| Total Current Liabilities | $75.01M | $44.82M | $100.34M | $41.38M | $40.34M | $56.63M | $55.89M | $63.77M | $38.23M | $41.57M | $21.52M | $25.85M | $43.27M | $28.93M | $52.8M | $37.1M | $24.4M | $23.5M | $37.2M |
| Long-Term Liabilities | |||||||||||||||||||
| Long-Term Debt | $293.63M | $248.6M | $307.06M | $406.76M | $414.17M | $302.11M | $268.95M | $186.72M | $186.19M | $201.54M | $290.77M | $303.55M | $300.56M | $283.48M | $0 | $0 | $267.4M | $263.2M | $266.6M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$7.26M | -$6.11M | $0 |
| Long-Term Deferred Tax Liabilities | $8.29M | $0 | $0 | $0 | $0 | $4.08M | $1.57M | $2.29M | $0 | $0 | $6.63M | $6.63M | $6.63M | $6.63M | $0 | $0 | $7.26M | $6.11M | $0 |
| Other Long-Term Liabilities | $4.14M | $0 | $0 | $0 | $0 | -$378K | $2.52M | $3.98M | $4.53M | $7.85M | $5.15M | $5.75M | $6.58M | $11.9M | $279M | $273.2M | $17.5M | $16M | $15.1M |
| Total Long-Term Liabilities | $316.76M | $258.15M | $317.01M | $417.35M | $427.51M | $321.93M | $284.11M | $192.99M | $190.72M | $209.4M | $308.81M | $315.93M | $313.77M | $302.01M | $279M | $273.2M | $284.9M | $279.2M | $281.7M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $391.77M | $302.97M | $417.35M | $458.73M | $467.84M | $378.56M | $340M | $256.75M | $228.95M | $250.96M | $330.33M | $341.78M | $357.04M | $330.94M | $331.8M | $310.3M | $309.3M | $302.7M | $318.9M |
| Stockholders' Equity | |||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $216K | $202K | $199K | $198K | $197K | $195K | $197K | $196K | $192K | $184K | $72K | $7K | $7K | $0 | $0 | $0 | $7K | $6K | $6K |
| Retained Earnings | $199.66M | $147.16M | $112.44M | $78.69M | $71.46M | $23.64M | -$15.31M | -$25.5M | -$47.53M | -$66.97M | -$90.8M | -$99.95M | -$69.87M | -$42.12M | $0 | $0 | -$92.3M | -$80.3M | -$90.4M |
| Comprehensive Income & Other | -$1.56M | -$2.9M | -$2.65M | -$2.39M | -$195K | -$2.63M | -$3.77M | -$2.54M | -$2.97M | -$4.05M | -$3.51M | -$4.09M | -$1.77M | -$90.49M | $0 | $0 | -$2.8M | -$3.6M | -$2.8M |
| Other Stockholders' Equity | $154.43M | $40.62M | $38.33M | $32.76M | $59.75M | $89.6M | $121.7M | $107.93M | $100.67M | $100.85M | $9.12M | $8.37M | $6.43M | -$23.43M | -$71.6M | -$76.5M | $3.79M | $3.39M | $3.89M |
| Total Equity | $354.3M | $187.98M | $150.98M | $111.64M | $131.4M | $113.44M | $106.58M | $82.62M | $53.32M | $34.06M | -$81.61M | -$91.57M | -$63.43M | -$65.55M | -$71.6M | -$76.5M | -$88.5M | -$76.9M | -$86.5M |
| Minority Interest | $17.68M | $2.4M | $1.03M | $1.74M | $2.31M | $4.05M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $746.07M | $490.95M | $568.33M | $570.37M | $599.25M | $492M | $446.58M | $339.38M | $282.28M | $285.02M | $248.72M | $250.21M | $293.61M | $265.39M | $260.2M | $233.8M | $220.8M | $225.8M | $232.4M |
| Supplementary Data | |||||||||||||||||||
| Total Debt | $308.97M | $261.27M | $377.99M | $420.45M | $430.48M | $333.46M | $297.48M | $220.72M | $202.04M | $218.22M | $298.7M | $312.55M | $300.56M | $283.48M | $0 | $0 | $271M | $526.39M | $281.1M |
| Net Debt | $86.21M | $215.12M | $260.1M | $314.05M | $302.16M | $291.69M | $202.23M | $217.41M | $199.43M | $215.36M | $293.86M | $304.09M | $265.19M | $261.05M | -$14.6M | -$3.7M | $269.2M | $525.89M | $278.8M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2006 | FY 2005 | FY 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 |
| Operating Activities | ||||||||||||||||
| Net Income | $68.15M | $48.03M | $38.07M | $31.09M | $51.26M | $38.19M | $13.77M | $25.29M | $19.65M | $26.91M | $9.15M | -$29.41M | -$1.61M | -$12M | $10.1M | -$34.9M |
| Depreciation & Amortization | $7.42M | $5.66M | $4.12M | $3.38M | $5.01M | $5.02M | $4.45M | $3.11M | $2.33M | $1.28M | $1.06M | $933K | $932K | $2.46M | $1.61M | $1.28M |
| Deferred Income Tax | $8.93M | $519K | $7.02M | -$6.51M | -$1.49M | $4.74M | -$4.22M | $2.56M | $5.18M | -$12.72M | $51K | $37K | $23K | $630K | $230K | $26.56M |
| Stock-Based Compensation | $6.97M | $7.24M | $6.56M | $5.27M | $7.56M | $2.55M | $0 | $1.41M | $720K | $180K | $234K | $585K | $234K | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||
| Accounts Receivable | -$16.11M | $185K | -$2.63M | -$3.34M | $3.32M | -$2.11M | -$3.46M | $824K | -$1.07M | $2.07M | -$1.41M | $678K | $106K | $796K | $1.12M | $2.54M |
| Inventory | -$11.58M | -$4.77M | $13.29M | -$26.72M | -$9K | -$8M | $21.04M | -$20.65M | $495K | -$12.51M | $2.03M | $16M | -$12.97M | $1.56M | $7.31M | $4.3M |
| Accounts Payable | $8.6M | $3.69M | $100K | $1.51M | -$2.37M | -$5.06M | $6.61M | $2.52M | -$5.7M | $3.63M | $1.78M | -$10.12M | $11.48M | -$4.42M | -$733K | $1.73M |
| Other Working Capital | -$16.94M | -$4.19M | -$8.06M | $1.36M | -$2.08M | $4.29M | -$3.08M | -$5.32M | $745K | $1.02M | -$46K | -$19.03M | -$2.71M | $7.46M | -$23.4M | -$61.87M |
| Total Working Capital Change | -$36.03M | -$5.08M | $2.7M | -$27.2M | -$1.14M | -$10.89M | $21.1M | -$22.62M | -$5.53M | -$5.79M | $2.36M | -$12.46M | -$4.1M | $5.4M | -$15.7M | -$53.3M |
| Other Non-Cash Items | $1.93M | $10.7M | $8.41M | $24.23M | $7.01M | $4.06M | $2.69M | $3.33M | $7.34M | -$745K | $11.57M | $52.87M | $7.54M | $2.77M | $5.82M | $63.76M |
| Net Cash from Operating | $57.37M | $67.06M | $66.88M | $30.27M | $68.22M | $43.68M | $37.8M | $13.09M | $29.69M | $9.13M | $24.43M | $12.55M | $3.03M | -$720K | $2M | $4.23M |
| Investing Activities | ||||||||||||||||
| Capital Expenditures | -$13.53M | -$4.62M | -$5.71M | -$7.83M | -$6.16M | -$6.13M | -$4.82M | -$2.27M | -$2.02M | -$3.21M | -$1.6M | -$1.31M | -$729K | -$1.68M | -$4.79M | -$3.28M |
| Acquisitions | $0 | $0 | $0 | $0 | -$16.42M | -$39.44M | -$7.7M | -$19.16M | $268K | -$23.63M | $2K | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$24.54M | -$11.36M | -$202K | -$1M | -$16.66M | -$19.25M | -$1.42M | -$2M | -$179K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $6.36M | $5.42M | $0 | $0 | $0 | $0 | $0 | $2.27M | $1.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $33K | $51K | $3K | -$9.96M | -$19.61M | $3K | $29.84M | -$3.51M | -$1.6M | -$29.06M | -$428K | $0 | $6K | $0 | $0 | -$40K |
| Net Cash from Investing | -$31.67M | -$10.51M | -$5.91M | -$18.79M | -$58.84M | -$64.82M | $15.9M | -$24.67M | -$1.93M | -$26.83M | -$2.03M | -$1.31M | -$723K | -$1.68M | -$4.79M | -$3.32M |
| Financing Activities | ||||||||||||||||
| Debt Repaid | -$50M | $118.54M | $41.79M | $9M | -$110.38M | $12.76M | -$117.38M | -$14.22M | $18.4M | $48.49M | $16.65M | $37.54M | -$12.5M | - | - | - |
| Common Stock Issuance | $116.06M | $0 | $0 | $0 | $0 | $0 | $738K | $0 | $978K | $55.74M | $1K | $0 | $0 | $0 | $0 | $2.59M |
| Common Stock Repurchases | -$33K | -$6.26M | -$995K | -$29.22M | -$38.68M | -$10.19M | -$12K | $0 | -$2.74M | $0 | $0 | -$1.44M | $0 | $0 | $0 | -$65.08M |
| Dividends Paid | -$5.52M | -$4.91M | -$4.5M | -$4.25M | -$4.1M | -$3.8M | -$3.53M | -$2.32M | -$768K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$12.23M | $1.56M | -$2.22M | -$829K | -$10.53M | -$2.59M | -$20.61M | -$1.97M | -$4K | -$450K | -$2.05M | $0 | -$1.86M | $3.68M | $1.33M | $1.13M |
| Net Cash from Financing | $148.27M | -$128.15M | -$49.51M | -$43.3M | $57.07M | -$29.34M | $67.97M | $9.93M | -$28.02M | $15.73M | -$26.03M | -$38.15M | $10.64M | $3.68M | $960K | $1.13M |
| Forex Effect | -$205K | -$182K | $13K | -$320K | $191K | $0 | -$29.72M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10K | $0 |
| Net Change in Cash | $173.77M | -$71.91M | $11.48M | -$32.14M | $66.64M | -$50.48M | $91.94M | -$1.65M | -$258K | -$1.97M | -$3.63M | -$26.91M | $12.94M | $1.28M | -$1.82M | $2.04M |
| Supplementary Data | ||||||||||||||||
| Operating Cash Flow | $57.37M | $67.06M | $66.88M | $30.27M | $68.22M | $43.68M | $37.8M | $13.09M | $29.69M | $9.13M | $24.43M | $12.55M | $3.03M | -$720K | $2M | $4.23M |
| Capital Expenditure | -$13.53M | -$4.62M | -$5.71M | -$7.68M | -$6.16M | -$6.13M | -$4.82M | -$2.27M | -$2.02M | -$3.21M | -$1.6M | -$1.31M | -$729K | -$1.68M | -$4.79M | -$3.28M |
| Free Cash Flow | $43.84M | $62.44M | $61.17M | $22.59M | $62.06M | $37.54M | $32.98M | $10.82M | $27.67M | $5.92M | $22.83M | $11.24M | $2.3M | -$2.4M | -$2.79M | $950K |
| Cash at Beginning | $50.9M | $122.81M | $111.33M | $143.47M | $76.84M | $127.32M | $3.31M | $7.31M | $2.87M | $4.83M | $8.47M | $35.38M | $22.43M | $500K | $2.3M | $300K |
| Cash at End | $224.67M | $50.9M | $122.81M | $111.33M | $143.47M | $76.84M | $95.25M | $5.66M | $2.61M | $2.87M | $4.83M | $8.47M | $35.38M | $1.78M | $480K | $2.34M |