← APPLIED INDUSTRIAL TECHNOLOGIES INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $29.6m |
$133.9m
+352.75%
|
$141.6m
+5.76%
|
$144.0m
+1.67%
|
$24.0m
-83.30%
|
$144.8m
+502.10%
|
$257.4m
+77.82%
|
$346.7m
+34.70%
|
$385.8m
+11.25%
|
$393.0m
+1.87%
|
— | |
| Amortization of Intangible Assets | $25.6m | $24.4m | $32.1m | $41.9m | $41.6m | $34.4m | $31.9m | $30.8m | $28.9m | $35.6m | — | |
| Depreciation | $16.0m | $15.3m | $17.8m | $20.2m | $21.2m | $20.8m | $21.7m | $22.3m | $23.4m | $24.9m | $25.9m | |
| Amortization Cash Flow | — | — | — | — | — | — | $31.9m | $30.8m | $28.9m | $35.6m | — | |
| Amortization Of Intangibles | — | — | — | — | — | — | $31.9m | $30.8m | $28.9m | $35.6m | $40.4m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $53.6m | $53.1m | $52.4m | $60.5m | $66.3m | |
| Deferred Income Tax Expense (Benefit) | ($6.6m) | ($2.9m) | $1.6m | $2.4m | ($13.3m) | ($31.1m) | $15.2m | ($5.7m) | ($1.1m) | ($6.4m) | ($6.4m) | |
| Deferred Tax | — | — | — | — | — | — | $15.2m | ($5.7m) | ($1.1m) | ($6.4m) | ($6.4m) | |
| Share-based Payment Arrangement, Noncash Expense | — | — | $4.7m | $4.5m | $4.0m | — | — | — | — | — | $6.9m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $3.5m | $1.6m | $3.5m | $2.6m | $10.1m | $8.1m | $12.9m | $16.3m | $14.8m | — | |
| Share-based Payment Arrangement, Expense | $4.1m | $5.5m | $6.6m | $6.9m | $7.0m | $9.0m | $11.8m | $12.4m | $12.9m | $12.0m | $6.9m | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | — | $49.5m | $0 | $0 | — | — | — | |
| Goodwill, Impairment Loss | $64.8m | $0 | $0 | — | $131.0m | — | — | — | — | — | $0 | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | $31.6m | — | $45.0m | — | — | — | — | — | |
| Operating Lease, Impairment Loss | — | — | — | — | — | $2.5m | — | — | — | — | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $0 | $0 | — | — | $0 | |
| Other Nonoperating Income (Expense) | ($1.1m) | $917k | $2.4m | $881k | $2.8m | $2.2m | ($1.8m) | ($1.7m) | $5.1m | $3.0m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($151.9m) | ($69.3m) | ($77.1m) | $26.9m | ($33.8m) | |
| Increase (Decrease) in Accounts Receivable | ($26.4m) | $42.3m | $83.1m | ($8.5m) | ($74.4m) | $59.1m | $145.5m | $51.1m | $1.9m | $4.9m | ($4.9m) | |
| Change In Receivables | — | — | — | — | — | — | ($145.5m) | ($51.1m) | ($1.9m) | ($4.9m) | ($4.9m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($145.5m) | ($51.1m) | ($1.9m) | ($4.9m) | ($4.9m) | |
| Increase (Decrease) in Inventories | ($25.1m) | $3.6m | $33.4m | $16.6m | ($57.0m) | ($41.3m) | $92.4m | $43.0m | ($18.4m) | ($29.2m) | $29.2m | |
| Inventory Write-down | — | $6.0m | — | — | — | — | — | — | — | — | — | |
| Change In Inventory | — | — | — | — | — | — | ($92.4m) | ($43.0m) | $18.4m | $29.2m | $29.2m | |
| Increase (Decrease) in Accounts Payable | ($28.6m) | $32.1m | $50.3m | ($29.8m) | ($53.9m) | $10.9m | $53.6m | $37.7m | ($39.3m) | $2.2m | $2.2m | |
| Change In Other Current Assets | — | — | — | — | — | — | ($5.0m) | ($25.3m) | ($25.9m) | ($11.4m) | ($11.4m) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | $37.5m | $12.4m | ($28.4m) | $11.9m | $11.9m | |
| Net Cash Provided by (Used in) Operating Activities | $161.0m |
$164.6m
+2.25%
|
$147.3m
-10.52%
|
$180.6m
+22.60%
|
$296.7m
+64.29%
|
$241.7m
-18.54%
|
$187.6m
-22.39%
|
$344.0m
+83.38%
|
$371.4m
+7.97%
|
$492.4m
+32.58%
|
$466.1m
-5.33%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | ($337k) | $1.5m | $335k | $459k | $1.2m | $368k | — | — | — | — | $5.3m | |
| Capital Expenditure | $13.1m | $17.0m | $23.2m | $19.0m | $20.1m | $15.9m | ($18.1m) | ($26.5m) | ($24.9m) | ($27.2m) | ($27.2m) | |
| Cash, Cash Equivalents, and Short-term Investments | $59.9m | $105.1m | $54.1m | $108.2m | — | $257.7m | $184.5m | $344.0m | $460.6m | $388.4m | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $62.5m | $2.8m | $775.7m | $37.5m | $37.2m | $30.2m | $7.0m | $35.8m | $72.1m | $293.4m | ($31.5m) | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | ($391k) | $0 | $0 | $14.8m | $0 | $0 | — | — | |
| Net Other Investing Changes | — | — | — | — | — | — | ($11.7m) | — | $971k | — | $971k | |
| Net Cash Provided by (Used in) Investing Activities | ($75.0m) | ($16.9m) | ($797.9m) | ($55.1m) | ($55.4m) | ($44.9m) | ($35.7m) | ($60.8m) | ($95.4m) | ($318.8m) | ($56.9m) | |
| Cash flows from financing activities: | ||||||||||||
| Issuance Of Debt | — | — | — | — | — | — | $410.6m | $0 | $408k | $0 | $0 | |
| Long Term Debt Issuance | — | — | — | — | — | — | $410.6m | $0 | $408k | $0 | $0 | |
| Long Term Debt Payments | — | — | — | — | — | — | ($550.5m) | ($67.2m) | ($25.3m) | ($25.1m) | ($207.0m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($139.9m) | ($67.2m) | ($24.8m) | ($25.1m) | ($207.0m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($139.9m) | ($67.2m) | ($24.8m) | ($25.1m) | ($207.0m) | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | $410.6m | ($27.0m) | — | — | — | |
| Repayment Of Debt | — | — | — | — | — | — | ($550.5m) | ($67.2m) | ($25.3m) | ($25.1m) | ($207.0m) | |
| Short Term Debt Issuance | — | — | — | — | — | — | $410.6m | $0 | — | — | $0 | |
| Short Term Debt Payments | — | — | — | — | — | — | $0 | ($27.0m) | — | — | $0 | |
| Payments for Repurchase of Common Stock | $37.5m | $8.2m | $22.8m | $11.2m | $0 | $40.1m | $13.8m | $716k | $73.4m | $152.8m | — | |
| Payments of Ordinary Dividends, Common Stock | $43.3m | $44.6m | $45.9m | $47.3m | $48.9m | $50.7m | $51.8m | $53.4m | $55.9m | $63.7m | ($71.3m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($51.8m) | ($53.4m) | ($55.9m) | ($63.7m) | ($71.3m) | |
| Common Stock Payments | — | — | — | — | — | — | ($13.8m) | ($716k) | ($73.4m) | ($152.8m) | ($309.4m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($13.8m) | ($716k) | ($73.4m) | ($152.8m) | ($309.4m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($13.8m) | ($716k) | ($73.4m) | ($152.8m) | ($309.4m) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($51.8m) | ($53.4m) | ($55.9m) | ($63.7m) | ($71.3m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($18.1m) | ($5.6m) | ($2.5m) | ($4.0m) | ($7.9m) | |
| Net Cash Provided by (Used in) Financing Activities | ($92.0m) |
($103.3m)
-12.35%
|
$600.3m
+680.83%
|
($71.5m)
-111.92%
|
($78.2m)
-9.36%
|
($213.0m)
-172.29%
|
($223.0m)
-4.69%
|
($126.9m)
+43.11%
|
($156.5m)
-23.31%
|
($245.6m)
-56.97%
|
($595.6m)
-142.50%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($3.6m) | $820k | ($589k) | $109k | $160.3m | ($10.8m) | ($73.3m) | $159.6m | $116.6m | ($72.2m) | $166.5m | |
| Beginning Cash Position | — | — | — | — | — | — | $257.7m | $184.5m | $344.0m | $460.6m | $352.8m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | $184.5m | $344.0m | $460.6m | $388.4m | $166.5m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $109k | — | — | — | $3.3m | ($2.9m) | ($226k) | $5.1m | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($2.2m) | $3.3m | ($2.9m) | ($226k) | $5.1m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | $36.6m | $27.5m | $20.2m | $22.6m | $24.0m | $21.8m | — | |
| Income Taxes Paid, Net | $1.0m | $3.5m | $1.6m | $3.5m | $2.6m | $64.4m | $53.3m | $108.1m | $116.3m | $107.7m | — | |
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | ($1.0m) | ($209k) | $210k | ($334k) | $2.5m | ($2.1m) | $65k | ($3.3m) | $1.1m | ($529k) | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | ($61k) | $333k | $667k | ($238k) | $1.4m | ($1.8m) | — | — | — | — | — | |
| Goodwill | $202.7m | $206.1m | $646.6m | $662.0m | $540.6m | $560.1m | $563.2m | $578.4m | $619.4m | $699.4m | $0 | |
| Income Tax Expense (Benefit) | $49.4m | $33.1m | $63.1m | $50.5m | $31.2m | $32.3m | $72.4m | $103.1m | $112.4m | $108.0m | — | |
| Proceeds from Stock Options Exercised | $896k | $656k | $102k | $0 | $330k | $163k | $555k | $127k | $127k | $0 | — | |
| Stock or Unit Option Plan Expense | $1.5m | $1.9m | $2.0m | $2.4m | $3.0m | $2.5m | $3.3m | $2.8m | $3.4m | $4.7m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($223.0m) | ($126.9m) | ($156.5m) | ($245.6m) | ($595.6m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($35.7m) | ($60.8m) | ($95.4m) | ($318.8m) | ($56.9m) | |
| Change In Account Payable | — | — | — | — | — | — | $53.6m | $37.7m | ($39.3m) | $2.2m | $2.2m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($73.3m) | $159.6m | $116.6m | ($72.2m) | — | |
| Change In Payable | — | — | — | — | — | — | $53.6m | $37.7m | ($39.3m) | $2.2m | $2.2m | |
| Changes In Cash | — | — | — | — | — | — | ($71.1m) | $156.2m | $119.5m | ($72.0m) | ($186.4m) | |
| End Cash Position | — | — | — | — | — | — | $184.5m | $344.0m | $460.6m | $388.4m | $166.5m | |
| Financing Cash Flow | — | — | — | — | — | — | ($223.0m) |
($126.9m)
+43.11%
|
($156.5m)
-23.31%
|
($245.6m)
-56.97%
|
($595.6m)
-142.50%
|
|
| Free Cash Flow | — | — | — | — | — | — | $169.4m | $317.5m | $346.5m | $465.2m | $438.9m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $3.3m | $2.8m | $3.4m | $4.7m | $5.3m | |
| Investing Cash Flow | — | — | — | — | — | — | ($35.7m) | ($60.8m) | ($95.4m) | ($318.8m) | ($56.9m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($7.0m) | ($35.8m) | ($72.1m) | ($293.4m) | ($31.5m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | $1.1m | $1.4m | $576k | $1.8m | $1.8m | |
| Operating Gains Losses | — | — | — | — | — | — | $3.3m | $2.8m | $3.4m | $4.7m | $5.3m | |
| Other Non Cash Items | — | — | — | — | — | — | ($1.8m) | $1.1m | ($1.3m) | $373k | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $555k | $127k | $127k | $0 | $0 | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $3.2m | $5.6m | ($205k) | $6.0m | $4.4m | |
| Purchase Of Business | — | — | — | — | — | — | ($7.0m) | ($35.8m) | ($72.1m) | ($293.4m) | ($31.5m) | |
| Sale Of PPE | — | — | — | — | — | — | $1.1m | $1.4m | $576k | $1.8m | $1.8m | |
| Stock Based Compensation | — | — | — | — | — | — | $8.6m | $9.6m | $9.5m | $7.3m | $6.9m |