← CARPENTER TECHNOLOGY 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), Including Portion Attributable to Noncontrolling Interest | $11.3m | $47.0m | $188.5m | $167.0m | $1.5m | ($229.6m) | ($49.1m) | $56.4m | $186.5m | $376.0m | — | |
| Depreciation, Depletion and Amortization | $119.3m | $117.8m | $116.6m | $121.5m | $123.9m | $123.6m | $131.4m | $131.0m | $134.6m | $139.2m | $147.1m | |
| Amortization of Intangible Assets | $7.3m | $6.8m | $6.8m | $7.3m | $8.3m | $6.9m | $6.9m | $6.8m | $6.5m | $5.7m | — | |
| Capitalized Computer Software, Amortization | $5.5m | $5.2m | $5.1m | $6.1m | $5.3m | $12.0m | $16.9m | $16.3m | $16.3m | $16.8m | — | |
| Depreciation | $106.5m | $105.8m | $104.7m | $108.1m | $111.0m | $104.7m | $107.6m | $107.9m | $111.8m | $116.7m | $147.1m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $131.4m | $131.0m | $134.6m | $139.2m | $147.1m | |
| Deferred Income Tax Expense (Benefit) | $800k | $41.6m | ($61.1m) | $16.5m | ($400k) | ($33.6m) | ($3.1m) | ($400k) | ($13.3m) | ($17.4m) | $21.2m | |
| Deferred Other Tax Expense (Benefit) | $5.0m | $5.0m | $3.0m | $3.3m | $3.1m | $11.0m | $11.0m | $6.9m | $7.0m | $6.1m | — | |
| Deferred Tax | — | — | — | — | — | — | ($3.1m) | ($400k) | ($13.3m) | ($17.4m) | $21.2m | |
| Share-based Payment Arrangement, Noncash Expense | $8.7m | $13.0m | $17.6m | $17.6m | $10.9m | $10.4m | $10.8m | $16.4m | $19.8m | $22.8m | $26.4m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $500k | $1.0m | $2.4m | $4.4m | $8.0m | $2.3m | $3.4m | $3.8m | $24.2m | $38.3m | — | |
| Share-based Payment Arrangement, Expense | $8.7m | $13.0m | $17.6m | $17.6m | $10.9m | $10.4m | $10.8m | $16.4m | $19.8m | $22.8m | $26.4m | |
| Goodwill, Impairment Loss | $12.5m | $0 | $0 | $0 | $34.6m | $52.8m | $0 | $0 | $14.1m | $0 | $0 | |
| Impairment of Intangible Assets, Finite-lived | $1.1m | — | — | — | $7.3m | — | — | — | $7.0m | — | — | |
| Restructuring Costs and Asset Impairment Charges | $7.6m | $0 | $0 | $0 | $68.5m | $16.6m | $0 | $0 | $16.9m | $3.6m | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $0 | $0 | $14.1m | $0 | $0 | |
| Income (Loss) from Equity Method Investments | $600k | $0 | $0 | — | — | — | — | — | — | — | — | |
| Other Nonoperating Income (Expense) | ($2.1m) | $2.8m | $1.4m | $600k | $600k | ($8.4m) | $12.7m | ($6.5m) | ($60.5m) | ($6.1m) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($80.0m) | ($211.1m) | ($163.2m) | ($109.5m) | ($151.1m) | |
| Increase (Decrease) in Accounts Receivable | ($48.2m) | $34.6m | $86.8m | $5.3m | ($90.3m) | $14.9m | $79.0m | $144.5m | $32.6m | $1.8m | ($128.3m) | |
| Change In Receivables | — | — | — | — | — | — | ($79.0m) | ($144.5m) | ($32.6m) | ($1.8m) | ($128.3m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($79.0m) | ($144.5m) | ($32.6m) | ($1.8m) | ($128.3m) | |
| Increase (Decrease) in Inventories | ($1.6m) | $74.6m | ($400k) | $94.0m | ($31.3m) | ($238.5m) | $71.9m | $140.3m | $96.7m | $60.4m | ($28.4m) | |
| Inventory Write-down | $22.5m | $0 | $0 | — | $29.3m | $4.2m | $0 | $0 | — | $2.5m | — | |
| Change In Inventory | — | — | — | — | — | — | ($71.9m) | ($140.3m) | ($96.7m) | ($60.4m) | ($28.4m) | |
| Increase (Decrease) in Accounts Payable | ($7.6m) | $42.5m | $10.7m | $20.1m | ($109.9m) | $22.4m | $95.7m | $29.2m | ($11.0m) | ($1.4m) | $17.2m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $71.2m | $67.4m | $12.6m | $12.3m | $17.2m | |
| Change In Accrued Expense | — | — | — | — | — | — | ($24.5m) | $38.2m | $23.6m | $13.7m | $3.1m | |
| Change In Other Current Assets | — | — | — | — | — | — | $8.3m | $13.0m | ($31.3m) | $13.7m | $20.0m | |
| Net Cash Provided by (Used in) Operating Activities | $256.9m |
$129.3m
-49.67%
|
$209.2m
+61.79%
|
$232.4m
+11.09%
|
$231.8m
-0.26%
|
$250.0m
+7.85%
|
$6.0m
-97.60%
|
$14.7m
+145.00%
|
$274.9m
+1770.07%
|
$440.4m
+60.20%
|
$605.0m
+37.38%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | ($600k) | ($2.5m) | ($2.5m) | ($1.2m) | ($200k) | ($300k) | ($2.0m) | ($2.5m) | ($4.6m) | ($2.0m) | $31.6m | |
| Capital Expenditure | — | — | — | — | — | — | ($91.3m) | ($82.3m) | ($96.6m) | ($154.3m) | ($242.7m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $35.3m | $13.3m | $79.0m | $0 | $0 | — | — | — | — | — | |
| Payments for (Proceeds from) Other Investing Activities | ($4.0m) | $0 | $0 | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($82.6m) | ($112.1m) | ($139.4m) | ($244.6m) | ($171.2m) | ($78.9m) | ($89.1m) | ($82.3m) | ($95.9m) | ($152.9m) | ($242.7m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | — | — | $55.0m | $0 | $0 | $250.0m | $300.0m | $0 | $0 | — | ($700.0m) | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | ($8.2m) | ($6.0m) | $0 | $0 | — | — | |
| Issuance Of Debt | — | — | — | — | — | — | $296.6m | $183.7m | $62.5m | $0 | $692.1m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $296.6m | $183.7m | $62.5m | $0 | $692.1m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($300.0m) | ($183.7m) | ($62.5m) | $0 | ($700.0m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($3.4m) | $0 | $0 | $0 | ($7.9m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($3.4m) | $0 | $0 | $0 | ($7.9m) | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | $0 | $0 | — | — | — | |
| Repayment Of Debt | — | — | — | — | — | — | ($300.0m) | ($183.7m) | ($62.5m) | $0 | ($700.0m) | |
| Payments for Repurchase of Common Stock | $123.9m | $0 | $0 | — | — | — | — | — | — | $101.9m | — | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($39.2m) | ($39.4m) | ($40.0m) | ($40.3m) | ($40.3m) | |
| Common Stock Payments | — | — | — | — | — | — | — | $0 | $0 | ($101.9m) | ($179.1m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | — | $0 | $0 | ($101.9m) | ($179.1m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | — | $0 | $0 | ($101.9m) | ($179.1m) | |
| Dividends paid | $34.8m | $34.1m | $34.4m | $38.6m | $38.8m | $39.1m | $39.2m | $39.4m | $40.0m | $40.3m | ($40.3m) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($39.2m) | ($39.4m) | ($40.0m) | ($40.3m) | ($40.3m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($10.2m) | ($5.7m) | ($24.2m) | ($38.3m) | ($73.8m) | |
| Net Cash Provided by (Used in) Financing Activities | ($163.1m) |
($32.8m)
+79.89%
|
($78.9m)
-140.55%
|
($19.4m)
+75.41%
|
$107.8m
+655.67%
|
($76.1m)
-170.59%
|
($52.8m)
+30.62%
|
($40.1m)
+24.05%
|
($23.3m)
+41.90%
|
($167.1m)
-617.17%
|
($286.8m)
-71.63%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $800k | ($100k) | ($1.0m) | ($29.2m) | $166.1m | $94.3m | ($133.2m) | ($109.7m) | $154.6m | $116.4m | $393.3m | |
| Beginning Cash Position | — | — | — | — | — | — | $287.4m | $154.2m | $44.5m | $199.1m | $315.5m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $27.0m | $193.1m | $287.4m | $154.2m | $44.5m | $199.1m | $315.5m | $393.3m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $800k | ($100k) | ($1.0m) | $2.4m | ($2.3m) | ($700k) | $2.7m | ($2.0m) | ($1.1m) | ($4.0m) | $2.3m | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | $2.7m | ($2.0m) | ($1.1m) | ($4.0m) | $2.3m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | $27.0m | $28.2m | $40.5m | $50.9m | $49.2m | $48.4m | — | |
| Income Taxes Paid, Net | $27.9m | ($33.3m) | $33.7m | $27.5m | $29.8m | $2.1m | ($46.1m) | $9.9m | $62.8m | $93.6m | — | |
| Additional Financial Items | ||||||||||||
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | — | — | — | — | ($11.4m) | $0 | $0 | ($51.9m) | $0 | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($2.4m) | ($400k) | ($600k) | ($400k) | $2.8m | ($3.7m) | ($1.3m) | ($400k) | ($1.8m) | ($1.1m) | — | |
| Gain (Loss) on Disposition of Business | — | ($3.2m) | $0 | $0 | — | — | — | — | — | — | — | |
| Goodwill | $244.8m | $263.4m | $268.7m | $326.4m | $290.4m | $241.4m | $241.4m | $241.4m | $227.3m | $227.3m | $0 | |
| Income Tax Expense (Benefit) | $10.2m | $23.2m | ($28.3m) | $49.0m | $4.6m | ($68.3m) | ($14.0m) | $16.1m | $25.1m | $91.3m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $51.0m | $48.4m | — | |
| Pension Cost (Reversal of Cost) | $53.8m | $48.4m | $14.2m | $11.6m | $15.3m | $24.6m | ($7.3m) | $19.9m | $76.0m | $24.8m | — | |
| Proceeds from Stock Options Exercised | $500k | $2.2m | $12.9m | $3.9m | $4.3m | $500k | $0 | $5.0m | $40.9m | $13.4m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($52.8m) | ($40.1m) | ($23.3m) | ($167.1m) | ($286.8m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($89.1m) | ($82.3m) | ($95.9m) | ($152.9m) | ($242.7m) | |
| Change In Account Payable | — | — | — | — | — | — | $95.7m | $29.2m | ($11.0m) | ($1.4m) | $17.2m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($133.2m) | ($109.7m) | $154.6m | $116.4m | — | |
| Change In Other Working Capital | — | — | — | — | — | — | ($8.6m) | ($6.7m) | ($15.2m) | ($73.3m) | ($34.7m) | |
| Change In Payable | — | — | — | — | — | — | $95.7m | $29.2m | ($11.0m) | ($1.4m) | $17.2m | |
| Changes In Cash | — | — | — | — | — | — | ($135.9m) | ($107.7m) | $155.7m | $120.4m | $75.5m | |
| End Cash Position | — | — | — | — | — | — | $154.2m | $44.5m | $199.1m | $315.5m | $393.3m | |
| Financing Cash Flow | — | — | — | — | — | — | ($52.8m) |
($40.1m)
+24.05%
|
($23.3m)
+41.90%
|
($167.1m)
-617.17%
|
($286.8m)
-71.63%
|
|
| Free Cash Flow | — | — | — | — | — | — | ($85.3m) | ($67.6m) | $178.3m | $286.1m | $362.3m | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | $2.0m | $2.5m | $4.6m | $2.0m | $1.4m | |
| Investing Cash Flow | — | — | — | — | — | — | ($89.1m) | ($82.3m) | ($95.9m) | ($152.9m) | ($242.7m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $0 | $0 | — | — | $0 | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($89.1m) | ($82.3m) | ($95.9m) | ($152.9m) | ($242.7m) | |
| Operating Gains Losses | — | — | — | — | — | — | $700k | $22.4m | $80.6m | $26.8m | $31.6m | |
| Other Non Cash Items | — | — | — | — | — | — | ($4.7m) | — | $15.8m | $2.5m | — | |
| Pension And Employee Benefit Expense | — | — | — | — | — | — | ($7.3m) | $19.9m | $76.0m | $24.8m | $14.6m | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $0 | $5.0m | $40.9m | $13.4m | $14.3m | |
| Purchase Of PPE | $95.2m | $98.5m | $135.0m | $180.3m | $171.4m | $100.5m | ($91.3m) | ($82.3m) | ($96.6m) | ($154.3m) | ($242.7m) | |
| Sale Of Business | — | — | — | — | — | — | $0 | $0 | — | — | $0 | |
| Sale Of PPE | — | — | — | — | — | — | $2.2m | $0 | $700k | $1.4m | $0 | |
| Stock Based Compensation | — | — | — | — | — | — | $10.8m | $16.4m | $19.8m | $22.8m | $26.4m |