← Avery Dennison 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) Available to Common Stockholders, Basic | $320.7m |
$281.8m
-12.13%
|
$467.4m
+65.86%
|
$303.6m
-35.04%
|
$555.9m
+83.10%
|
$555.9m
0.00%
|
$740.1m
+33.14%
|
$503.0m
-32.04%
|
$704.9m
+40.14%
|
$688.0m
-2.40%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $274.3m | $281.8m | $467.4m | $303.6m | $555.9m | $555.9m | $757.1m | $503.0m | $704.9m | $688.0m | — | |
| Depreciation, Depletion and Amortization | $180.1m | $178.7m | $181.0m | $179.0m | $205.3m | $154.2m | $290.7m | $298.4m | $312.2m | $328.2m | $342.7m | |
| Amortization | $62.6m | $52.1m | $39.5m | $38.7m | $51.1m | $51.1m | $113.3m | $111.0m | $115.1m | $121.8m | $130.2m | |
| Amortization of Intangible Assets | $19.9m | $18.6m | $15.2m | $13.5m | $19.9m | — | $81.8m | $86.3m | $89.4m | $92.8m | — | |
| Depreciation | $117.5m | $126.6m | $141.5m | $140.3m | $154.2m | $154.2m | $177.4m | $187.4m | $197.1m | $206.4m | $212.5m | |
| Deferred Income Tax Expense (Benefit) | $68.4m | $149.5m | ($30.0m) | ($216.3m) | $6.2m | — | $26.3m | ($20.6m) | ($12.9m) | ($25.1m) | ($27.1m) | |
| Deferred taxes and other non-cash taxes | — | — | ($32.7m) | ($216.9m) | — | $9.3m | $2.6m | ($24.4m) | ($18.5m) | ($19.9m) | — | |
| Share-based Payment Arrangement, Noncash Expense | $27.2m | $30.2m | $34.3m | $34.5m | $24.0m | — | $47.4m | $22.3m | $28.7m | $27.9m | $25.4m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $20.6m | — | — | — | — | $25.1m | $23.8m | $8.4m | $12.8m | — | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | $47.4m | $22.3m | $28.7m | $27.9m | $25.4m | |
| Stock-based compensation | $26.3m | $30.2m | $34.3m | $34.5m | — | $24.0m | $37.2m | $22.3m | $28.7m | $27.9m | $25.4m | |
| Net (tax withholding) proceeds related to stock-based compensation | ($4.5m) | ($20.6m) | ($32.2m) | ($17.4m) | — | ($19.7m) | ($25.4m) | ($23.8m) | ($8.4m) | ($12.8m) | — | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | — | — | — | $0 | $0 | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $0 | $0 | $0 | $0 | $0 | — | — | $0 | $0 | $0 | — | |
| Marketable Securities, Gain (Loss), Excluding Other-than-temporary Impairment Loss | — | — | — | — | — | — | — | — | ($10.0m) | — | — | |
| Income (Loss) from Equity Method Investments | — | — | ($2.0m) | ($2.6m) | ($3.7m) | — | $0 | $0 | — | — | — | |
| Other Nonoperating Income (Expense) | — | — | — | — | ($1.9m) | — | $9.4m | $30.8m | $26.7m | $14.2m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $88.2m | $141.2m | $62.5m | $42.2m | ($14.7m) | — | $22.1m | $16.7m | $107.3m | ($44.0m) | $44.0m | |
| Trade accounts receivable | ($135.9m) | ($141.2m) | ($62.5m) | ($42.2m) | — | $14.7m | ($113.2m) | ($16.7m) | ($107.3m) | $44.0m | — | |
| Increase (Decrease) in Inventories | $19.6m | $14.9m | $70.5m | $18.1m | $6.0m | — | $140.7m | ($111.7m) | $90.7m | ($53.2m) | $53.2m | |
| Inventories | ($34.4m) | ($14.9m) | ($70.5m) | ($18.1m) | — | ($6.0m) | ($182.7m) | $111.7m | ($90.7m) | $53.2m | $53.2m | |
| Increase (Decrease) in Accounts Payable | $31.6m | $83.4m | $43.6m | $46.4m | ($68.2m) | — | $68.2m | ($87.6m) | $106.7m | ($144.4m) | ($144.4m) | |
| Accounts payable | $65.5m | $83.4m | $43.6m | $46.4m | — | ($68.2m) | $255.2m | ($87.6m) | $106.7m | ($144.4m) | ($144.4m) | |
| Other assets | ($300k) | ($11.8m) | ($6.0m) | $38.4m | — | $18.2m | $4.1m | $37.7m | ($48.0m) | $3.8m | — | |
| Other liabilities | — | ($23.7m) | ($255.3m) | ($114.7m) | — | ($76.1m) | $19.3m | ($86.7m) | ($104.0m) | ($194.3m) | — | |
| Other | ($100k) | — | — | ($1.6m) | — | $0 | ($6.3m) | ($1.6m) | ($4.8m) | ($300k) | — | |
| Net Cash Provided by (Used in) Operating Activities | $585.3m |
$650.1m
+11.07%
|
$457.9m
-29.56%
|
$746.5m
+63.03%
|
$751.3m
+0.64%
|
$751.3m
0.00%
|
$961.0m
+27.91%
|
$826.0m
-14.05%
|
$938.8m
+13.66%
|
$881.4m
-6.11%
|
$1.2b
+39.96%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $176.9m | $190.5m | $226.7m | $219.4m | $201.4m | ($201.4m) | $278.1m | $265.3m | $208.8m | $169.0m | ($200.6m) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $1.1m | $6.0m | $9.4m | $7.8m | — | $9.2m | $1.1m | $1.0m | $600k | $22.6m | — | |
| Gain (Loss) on Investments | — | — | — | — | $5.4m | — | $13.5m | ($1.5m) | ($19.2m) | ($23.3m) | — | |
| Proceeds from insurance and sales (purchases) of investments, net | $3.1m | ($3.9m) | $18.5m | $4.9m | — | $5.6m | $3.1m | $1.9m | $10.1m | $3.5m | — | |
| Payments for acquisitions, net of cash acquired, and venture investments | — | — | — | — | — | ($350.4m) | ($39.5m) | ($224.9m) | ($3.8m) | ($401.8m) | — | |
| Net Cash Provided by (Used in) Investing Activities | ($435.4m) | ($547.7m) | ($232.5m) | ($251.0m) | ($554.2m) | ($554.2m) | ($332.7m) | ($459.0m) | ($243.1m) | ($596.0m) | ($685.2m) | |
| Cash flows from financing activities: | ||||||||||||
| Net increase (decrease) in borrowings with maturities of three months or less | ($98.4m) | ($89.2m) | ($77.6m) | ($5.3m) | — | ($110.4m) | $259.2m | ($36.6m) | ($269.0m) | $422.5m | — | |
| Additional long-term borrowings | — | $542.9m | $493.3m | — | — | $493.7m | $791.7m | $394.9m | $539.2m | $576.5m | — | |
| Repayments of long-term debt and finance leases | ($7.4m) | ($253.8m) | ($6.4m) | ($18.6m) | — | ($270.2m) | ($13.4m) | ($255.9m) | ($308.1m) | ($559.4m) | ($11.2m) | |
| Payments for Repurchase of Common Stock | $262.4m | $129.7m | $392.9m | $237.7m | $104.3m | — | $379.5m | $137.5m | $247.5m | $572.3m | — | |
| Payments of Ordinary Dividends, Common Stock | $142 | $156 | $175 | $190 | $197 | — | $239 | $257 | $278 | $288 | ($294.0m) | |
| Dividends paid | ($133) | ($156) | ($175) | ($190) | — | ($197) | ($221) | ($257) | ($278) | ($288) | ($294.0m) | |
| Proceeds from (Payments for) Other Financing Activities | ($4.5m) | — | — | — | — | — | $0 | ($1.6m) | ($4.8m) | ($300k) | — | |
| Net Cash Provided by (Used in) Financing Activities | ($106.2m) |
($83.9m)
+21.00%
|
($208.1m)
-148.03%
|
($470.3m)
-126.00%
|
($207.7m)
+55.84%
|
($207.7m)
0.00%
|
($615.2m)
-196.20%
|
($317.2m)
+48.44%
|
($576.1m)
-81.62%
|
($414.9m)
+27.98%
|
($536.0m)
-29.19%
|
|
| Increase (decrease) in cash and cash equivalents | ($48.4m) | $29.3m | $7.6m | $21.7m | — | ($1.4m) | ($89.6m) | $47.8m | $114.1m | ($126.3m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($48.4m) | $29.3m | $7.6m | $21.7m | ($1.4m) | ($1.4m) | $4.5m | $47.8m | $114.1m | ($126.3m) | $228.3m | |
| Cash and cash equivalents, beginning of year | $207.2m | $195.1m | $224.4m | $253.7m | — | $253.7m | $252.3m | $215.0m | $329.1m | $202.8m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $253.7m | — | — | $167.2m | $215.0m | $329.1m | $202.8m | $228.3m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | ($3.5m) | $9.2m | — | ($8.6m) | ($2.0m) | ($5.5m) | $3.2m | ($1.0m) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $58.9m | $57.7m | — | — | — | — | $80.9m | $109.9m | $111.8m | $131.3m | — | |
| Income Taxes Paid, Net | $106.1m | $125.6m | $153.5m | $155.0m | $203.4m | — | $204.8m | $234.9m | $226.8m | $265.0m | — | |
| Additional Financial Items | ||||||||||||
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | ($41.4m) | — | ($93.7m) | ($444.1m) | ($500k) | — | $0 | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), Realized | ($1.6m) | ($4.1m) | ($13.4m) | ($9.7m) | ($7.2m) | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | — | — | — | $0 | $12.9m | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | — | $0 | $0 | — | — | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | $3.4m | — | — | — | — | — | — | — | |
| Goodwill | $793.6m | $985.1m | $941.8m | $930.8m | $1.1b | — | $1.9b | $2.0b | $2.0b | $2.3b | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $320.7m | $281.8m | — | — | — | — | $999.3m | $694.7m | $953.5m | $925.1m | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $156.4m | $307.7m | $85.4m | ($56.7m) | $177.7m | — | $242.2m | $191.7m | $248.6m | $237.1m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $117.0m | $135.4m | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($2.8m) | ($900k) | $1.1m | $1.4m | $100k | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | $71.0m | $22.0m | $1.0m | $10.0m | $2.0m | — | — | — | $10.0m | — | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | $20.3m | — | — | — | — | — | — | |
| Provision for credit losses and sales returns | — | — | $45.6m | $58.7m | — | $64.0m | $35.7m | $49.9m | $47.4m | $51.2m | — | |
| Other non-cash expense and loss (income and gain), net | — | $53.5m | $60.4m | $28.3m | — | $44.9m | $10.1m | $37.1m | $67.2m | $48.8m | — | |
| Taxes on income | ($23.7m) | $29.6m | ($35.5m) | $5.4m | — | ($35.2m) | ($7.3m) | ($18.7m) | $40.2m | ($5.1m) | — | |
| Purchases of software and other deferred charges | ($15.7m) | ($35.6m) | ($29.9m) | ($37.8m) | — | ($17.2m) | ($17.1m) | ($19.8m) | ($31.0m) | ($31.4m) | — | |
| Proceeds from company-owned life insurance policies | — | — | — | — | — | — | $0 | $48.1m | $0 | $0 | — | |
| Purchases of Argentine Blue Chip Swap securities | — | — | — | — | — | — | $0 | $0 | ($34.2m) | $0 | — | |
| Proceeds from sales of Argentine Blue Chip Swap securities | — | — | — | — | — | — | $0 | $0 | $24.0m | $0 | — | |
| Proceeds from settlement of net investment hedges | — | — | — | — | — | — | — | $0 | $0 | $6.2m | — | |
| Payment for settlement of net investment hedges | — | — | — | — | — | — | — | $0 | $0 | ($26.1m) | — | |
| Share repurchases | ($232.3m) | ($129.7m) | ($392.9m) | ($237.7m) | — | ($104.3m) | ($180.9m) | ($137.5m) | ($247.5m) | ($572.3m) | — | |
| Proceeds from settlement of fair value hedges | — | — | — | — | — | — | — | $0 | $0 | $32.8m | — | |
| Payments for settlement of fair value hedges | — | — | — | — | — | — | — | $0 | $0 | ($13.5m) | — | |
| Effect of foreign currency translation on cash balances | ($11.9m) | $10.8m | ($9.7m) | ($3.5m) | — | $9.2m | ($2.8m) | ($2.0m) | ($5.5m) | $3.2m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.