← SMITH A O CORP
| 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 | $326.5m |
$296.5m
-9.19%
|
$444.2m
+49.81%
|
$370.0m
-16.70%
|
$344.9m
-6.78%
|
$487.1m
+41.23%
|
$235.7m
-51.61%
|
$556.6m
+136.15%
|
$533.6m
-4.13%
|
$546.2m
+2.36%
|
— | |
| Depreciation, Depletion and Amortization | $65.1m | $70.1m | $71.9m | $78.3m | $80.0m | $77.9m | $76.9m | $78.3m | $78.8m | $85.1m | $92.4m | |
| Amortization of Intangible Assets | $13.4m | $13.7m | $14.3m | $15.8m | $14.5m | $12.3m | $12.8m | $12.6m | $12.7m | $14.8m | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $76.9m | $78.3m | $78.8m | $85.1m | $92.4m | |
| Deferred Income Tax | — | — | — | — | — | — | ($167.7m) | ($3.6m) | ($4.6m) | $8.9m | $43.1m | |
| Deferred Tax | — | — | — | — | — | — | ($167.7m) | ($3.6m) | ($4.6m) | $8.9m | $43.1m | |
| Share-based Payment Arrangement, Expense | $9.4m | $9.9m | $10.1m | $13.3m | $12.7m | $11.9m | $11.1m | $11.5m | $14.9m | $13.8m | $14.5m | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $12.4m | |
| Impairment of Intangible Assets (Excluding Goodwill) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Restructuring Costs and Asset Impairment Charges | — | — | $6.7m | $0 | $7.7m | — | — | — | $17.6m | — | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $0 | $15.6m | $4.7m | $0 | $12.4m | |
| Other Nonoperating Income (Expense) | $9.4m | $10.4m | $21.2m | $18.0m | $11.0m | $20.4m | ($425.6m) | $6.9m | $8.5m | $600k | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($181.9m) | $12.8m | ($45.6m) | ($37.2m) | $29.6m | |
| Increase (Decrease) in Accounts Receivable | $15.1m | $75.8m | $54.6m | ($62.4m) | ($4.5m) | $25.5m | ($42.5m) | $16.4m | ($49.0m) | $36.4m | ($36.4m) | |
| Change In Receivables | — | — | — | — | — | — | $42.5m | ($16.4m) | $49.0m | ($36.4m) | ($36.4m) | |
| Increase (Decrease) in Inventories | $23.4m | $37.5m | $7.7m | ($6.3m) | ($2.9m) | $109.5m | $82.8m | ($18.1m) | $40.5m | ($56.9m) | $56.9m | |
| Change In Inventory | — | — | — | — | — | — | ($82.8m) | $18.1m | ($40.5m) | $56.9m | $56.9m | |
| Increase (Decrease) in Accounts Payable | $101.5m | ($5.1m) | $8.8m | ($35.4m) | $85.6m | $142.9m | ($89.4m) | ($21.4m) | ($5.9m) | ($97.9m) | ($97.9m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | ($135.9m) | $7.0m | ($38.8m) | ($81.4m) | ($97.9m) | |
| Change In Accrued Expense | — | — | — | — | — | — | ($46.5m) | $28.4m | ($32.9m) | $16.5m | $16.5m | |
| Change In Other Current Assets | — | — | — | — | — | — | ($9.1m) | $7.2m | $7.1m | $8.3m | $8.3m | |
| Net Cash Provided by (Used in) Operating Activities | $446.6m |
$326.4m
-26.91%
|
$448.9m
+37.53%
|
$456.2m
+1.63%
|
$562.1m
+23.21%
|
$641.1m
+14.05%
|
$391.4m
-38.95%
|
$670.3m
+71.26%
|
$581.8m
-13.20%
|
$616.8m
+6.02%
|
$692.3m
+12.24%
|
|
| Cash flows from investing activities: | ||||||||||||
| Capital Expenditure | $80.7m | $94.2m | $85.2m | $64.4m | $56.8m | $75.1m | ($70.3m) | ($72.6m) | ($108.0m) | ($70.8m) | ($52.9m) | |
| Cash, Cash Equivalents, and Short-term Investments | — | — | — | — | — | — | $481.8m | $363.4m | $276.1m | $193.2m | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $90.8m | $43.1m | $0 | $107.0m | $0 | $207.6m | $8.0m | $16.8m | $145.9m | $0 | ($470.0m) | |
| Net Cash Provided by (Used in) Investing Activities | ($300.2m) | ($158.1m) | ($12.7m) | $33.9m | $11.8m | ($349.9m) | $8.1m | ($24.1m) | ($267.1m) | ($53.0m) | ($523.0m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | — | — | — | — | $170.8m | — | — | — | $1.0b | $1.1b | ($955.0m) | |
| Proceeds from Issuance of Long-term Debt | — | $86.5m | — | — | — | $83.5m | $150.6m | — | $1.1b | $1.1b | $1.3b | |
| Issuance Of Debt | — | — | — | — | — | — | — | $688.0m | $1.1b | $1.1b | $1.3b | |
| Long Term Debt Issuance | — | — | — | — | — | — | — | $688.0m | $1.1b | $1.1b | $1.3b | |
| Long Term Debt Payments | — | — | — | — | — | — | — | ($906.1m) | ($1.0b) | ($1.1b) | ($955.0m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $150.6m | ($218.1m) | $69.7m | ($37.6m) | $340.0m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $150.6m | ($218.1m) | $69.7m | ($37.6m) | $340.0m | |
| Repayment Of Debt | — | — | — | — | — | — | — | ($906.1m) | ($1.0b) | ($1.1b) | ($955.0m) | |
| Payments for Repurchase of Common Stock | $135.2m | $139.1m | $202.6m | $287.7m | $56.7m | $366.5m | $403.5m | $306.5m | $305.8m | $400.8m | — | |
| Payments of Ordinary Dividends, Common Stock | $84.2m | $96.9m | $130.1m | $149.2m | $158.7m | $170.1m | $177.2m | $183.5m | $190.4m | $195.7m | ($198.0m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($177.2m) | ($183.5m) | ($190.4m) | ($195.7m) | ($198.0m) | |
| Common Stock Payments | — | — | — | — | — | — | ($403.5m) | ($306.5m) | ($305.8m) | ($400.8m) | ($311.9m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($403.5m) | ($306.5m) | ($305.8m) | ($400.8m) | ($311.9m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($403.5m) | ($306.5m) | ($305.8m) | ($400.8m) | ($311.9m) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($177.2m) | ($183.5m) | ($190.4m) | ($195.7m) | ($198.0m) | |
| Net Cash Provided by (Used in) Financing Activities | ($139.6m) |
($152.1m)
-8.95%
|
($523.1m)
-243.92%
|
($375.8m)
+28.16%
|
($374.8m)
+0.27%
|
($421.0m)
-12.33%
|
($430.8m)
-2.33%
|
($684.7m)
-58.94%
|
($408.4m)
+40.35%
|
($633.1m)
-55.02%
|
($168.4m)
+73.40%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | $199.1m | ($129.8m) | ($52.1m) | ($51.3m) | ($100.3m) | ($65.1m) | $178.8m | |
| Beginning Cash Position | — | — | — | — | — | — | $443.3m | $391.2m | $339.9m | $239.6m | $177.9m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | $573.1m | $443.3m | $391.2m | $339.9m | $239.6m | $174.5m | $178.8m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | $0 | $0 | ($20.8m) | ($12.8m) | ($6.6m) | $4.2m | $2.5m | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($20.8m) | ($12.8m) | ($6.6m) | $4.2m | $2.5m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | — | — | $9.3m | $12.3m | $6.7m | $13.5m | — | |
| Income Taxes Paid, Net | $117.4m | $131.1m | $116.4m | $116.6m | $114.1m | $131.2m | $175.4m | $189.5m | $187.7m | $165.2m | — | |
| Additional Financial Items | ||||||||||||
| Goodwill | $491.5m | $516.7m | $513.0m | $546.0m | $546.8m | $627.8m | $619.7m | $633.4m | $761.7m | $710.6m | $12.4m | |
| Income Tax Expense (Benefit) | $136.0m | $224.3m | $113.6m | $102.1m | $99.0m | $138.5m | ($12.0m) | $176.9m | $167.4m | $168.9m | — | |
| Pension Expense (Reversal of Expense), Noncash | — | — | — | — | — | — | $417.3m | ($900k) | $0 | $0 | — | |
| Stock or Unit Option Plan Expense | $4.5m | $4.7m | $4.4m | $6.4m | $6.2m | $5.1m | $5.5m | $1.2m | $600k | $100k | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($430.8m) | ($684.7m) | ($408.4m) | ($633.1m) | ($168.4m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | $8.1m | ($24.1m) | ($267.1m) | ($53.0m) | ($523.0m) | |
| Change In Account Payable | — | — | — | — | — | — | ($89.4m) | ($21.4m) | ($5.9m) | ($97.9m) | ($97.9m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($52.1m) | ($51.3m) | ($100.3m) | ($65.1m) | — | |
| Change In Other Working Capital | — | — | — | — | — | — | $3.4m | ($3.1m) | ($22.4m) | $15.4m | $82.2m | |
| Change In Payable | — | — | — | — | — | — | ($89.4m) | ($21.4m) | ($5.9m) | ($97.9m) | ($97.9m) | |
| Changes In Cash | — | — | — | — | — | — | ($31.3m) | ($38.5m) | ($93.7m) | ($69.3m) | $900k | |
| End Cash Position | — | — | — | — | — | — | $391.2m | $339.9m | $239.6m | $174.5m | $178.8m | |
| Financing Cash Flow | — | — | — | — | — | — | ($430.8m) |
($684.7m)
-58.94%
|
($408.4m)
+40.35%
|
($633.1m)
-55.02%
|
($168.4m)
+73.40%
|
|
| Free Cash Flow | — | — | — | — | — | — | $321.1m | $597.7m | $473.8m | $546.0m | $639.4m | |
| Investing Cash Flow | — | — | — | — | — | — | $8.1m | ($24.1m) | ($267.1m) | ($53.0m) | ($523.0m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($8.0m) | ($16.8m) | ($145.9m) | $0 | ($470.0m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $86.4m | $65.3m | ($13.2m) | $17.8m | ($100k) | |
| Operating Gains Losses | — | — | — | — | — | — | $417.3m | ($900k) | — | — | — | |
| Pension And Employee Benefit Expense | — | — | — | — | — | — | $417.3m | ($900k) | $0 | $0 | $0 | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | ($700k) | $23.4m | $18.1m | $1.0m | $1.5m | |
| Purchase Of Business | — | — | — | — | — | — | ($8.0m) | ($16.8m) | ($145.9m) | $0 | ($470.0m) | |
| Purchase Of Investment | — | — | — | — | — | — | ($91.6m) | ($63.1m) | ($73.7m) | ($42.7m) | ($20.1m) | |
| Sale Of Investment | — | — | — | — | — | — | $178.0m | $128.4m | $60.5m | $60.5m | $20.0m | |
| Stock Based Compensation | — | — | — | — | — | — | $11.1m | $11.5m | $14.9m | $13.8m | $14.5m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.