CPI Card Group Inc.
For the period ended Dec 31, 2025. Filed Mar 5, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 5, 2026
PMTS$24.52+5.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
(in thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Year Ended December 31, | ||||||
| · · 2025 · · 2024 | ||||||
| Operating activities | | | | | | |
| Net income | $14,950 | | $19,521 | |||
| Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | |
| Depreciation expense | | | 18,113 | | 12,790 | |
| Amortization expense | | | 4,348 | | | 3,630 |
| Stock-based compensation expense | | | 6,963 | | 8,545 | |
| Amortization of debt issuance costs | | | 1,311 | | | 1,536 |
| Loss on early extinguishment of debt | | | 887 | | | 8,763 |
| Deferred income taxes and other, net | | | 5,617 | | (3,935) | |
| Changes in operating assets and liabilities: | | | | | | |
| Accounts receivable, net | | | (686) | | (11,786) | |
| Inventories | | | 3,608 | | (1,990) | |
| Prepaid expenses and other assets | | | 9,722 | | (19,665) | |
| Income taxes, net | | | (3,024) | | 985 | |
| Accounts payable | | | 7,512 | | 2,762 | |
| Accrued expenses and other liabilities | | | (12,248) | | 21,512 | |
| Deferred revenue and customer deposits | | | 2,431 | | 645 | |
| Cash provided by operating activities | | | 59,504 | | 43,313 | |
| Investing activities | | | | | | |
| Capital expenditures for plant, equipment and leasehold improvements, net | | | (18,176) | | (9,257) | |
| Cash paid for acquisition, net of cash acquired | | | (44,197) | | | — |
| Cash paid for purchase of equity method investment | | | (2,819) | | | — |
| Other | | | 63 | | | 36 |
| Cash used in investing activities | | | (65,129) | | (9,221) | |
| Financing activities | | | | | | |
| Proceeds from borrowings on debt | | | 67,000 | | | 285,000 |
| Payments on debt | | | (62,000) | | | (267,897) |
| Payments on finance lease obligations | | | (8,372) | | | (5,221) |
| Common stock repurchased | | | — | | | (8,678) |
| Debt issuance costs | | | (264) | | | (6,583) |
| Payment for debt early redemption premium | | | (600) | | | (5,776) |
| Taxes withheld and paid on stock-based compensation awards | | | (1,983) | | | (3,806) |
| Cash used in financing activities | | | (6,219) | | (12,961) | |
| Net (decrease) increase in cash and cash equivalents | | | (11,844) | | 21,131 | |
| Cash and cash equivalents, beginning of period | | | 33,544 | | 12,413 | |
| Cash and cash equivalents, end of period | $21,700 | | $33,544 | |||
| Supplemental disclosures of cash flow information | | | | | | |
| Interest paid | $32,360 | | $26,319 | |||
| Right-of-use assets obtained in exchange for lease obligations: | | | | | | |
| Operating leases | | $12,122 | | $1,292 | ||
| Financing leases | | $15,896 | | $9,929 | ||
| Accounts payable and accrued expenses for capital expenditures for plant, equipment and leasehold improvements | | $1,992 | | $662 | ||
| Non-cash equity method investment | | $7,500 | | $— | ||
| Non-cash equity in losses of unconsolidated affiliates | | $(134) | | $— | ||
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