← ESAB Corp
| Annual Trend | 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 From Continuing Operations | — | $238.7m | $228.0m | $211.0m | $270.7m | $233.2m | $178.5m | |
| Net Income (Loss) Attributable to Parent | $159.9m |
$235.1m
+47.07%
|
$223.7m
-4.83%
|
$205.3m
-8.25%
|
$264.8m
+29.01%
|
$226.8m
-14.38%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $159.9m |
$235.1m
+47.07%
|
$225.2m
-4.21%
|
$216.1m
-4.06%
|
$285.8m
+32.26%
|
$251.4m
-12.02%
|
— | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | $3.6m | $4.3m | $5.7m | $5.9m | $6.5m | — | |
| Depreciation, Depletion and Amortization | — | $75.9m | $66.0m | $75.0m | $67.2m | $84.1m | $99.0m | |
| Amortization of Intangible Assets | — | $42.1m | $35.6m | $39.7m | $36.0m | $43.3m | — | |
| Depreciation, amortization and other impairment charges | $76.6m | $75.9m | $66.0m | $75.0m | $66.8m | $84.1m | $99.0m | |
| Depreciation Amortization Depletion | — | — | $66.0m | $75.0m | $66.8m | $84.1m | $99.0m | |
| Deferred Income Tax Expense (Benefit) | — | ($8.6m) | ($19.9m) | ($25.1m) | $235k | ($31.5m) | ($44.1m) | |
| Deferred income tax benefit | ($14.0m) | ($8.6m) | ($20.2m) | ($25.4m) | ($2.6m) | ($35.7m) | ($44.1m) | |
| Deferred Tax | — | — | ($20.2m) | ($25.4m) | ($2.6m) | ($35.7m) | ($44.1m) | |
| Share-based Payment Arrangement, Noncash Expense | — | $6.3m | $13.0m | $16.1m | $19.8m | $16.9m | $17.4m | |
| Share-based Payment Arrangement, Expense | — | $2.6m | — | — | — | — | $17.4m | |
| Stock-based compensation expense | $6.4m | $6.3m | $13.0m | $16.1m | $19.8m | $16.9m | $17.4m | |
| Goodwill, Impairment Loss | — | — | — | $0 | $0 | $0 | — | |
| Changes in operating assets and liabilities: | ||||||||
| Change In Working Capital | — | — | ($65.2m) | $54.1m | ($13.4m) | ($35.3m) | ($892k) | |
| Increase (Decrease) in Accounts Receivable | — | $67.8m | $8.1m | $6.0m | $4.8m | $40.0m | ($30.4m) | |
| Trade receivables, net | $27.7m | ($67.8m) | ($8.1m) | ($6.0m) | ($4.8m) | ($40.0m) | ($30.4m) | |
| Change In Receivables | — | — | ($8.1m) | ($6.0m) | ($4.8m) | ($40.0m) | ($30.4m) | |
| Changes In Account Receivables | — | — | ($8.1m) | ($6.0m) | ($4.8m) | ($40.0m) | ($30.4m) | |
| Increase (Decrease) in Inventories | — | $117.3m | $10.1m | ($18.0m) | $22.5m | $5.6m | ($19.7m) | |
| Inventories, net | $34.8m | ($117.3m) | ($10.1m) | $18.0m | ($22.5m) | ($5.6m) | — | |
| Change In Inventory | — | — | ($10.1m) | $18.0m | ($22.5m) | ($5.6m) | ($19.7m) | |
| Increase (Decrease) in Accounts Payable | $7.1m | $114.5m | ($28.8m) | ($19.8m) | $31.9m | $6.7m | $19.8m | |
| Other operating assets and liabilities | $14.0m | $20.9m | ($18.5m) | $60.4m | ($18.9m) | $3.6m | — | |
| Net Cash Provided by (Used in) Operating Activities | $309.2m |
$250.7m
-18.90%
|
$214.4m
-14.51%
|
$330.5m
+54.18%
|
$355.4m
+7.54%
|
$260.6m
-26.68%
|
$258.9m
-0.65%
|
|
| Cash flows from investing activities: | ||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | $5.6m | $447k | ($239k) | $4.6m | $3.8m | $5.6m | ($2k) | |
| Payments to Acquire Property, Plant, and Equipment | ($40.1m) | $35.6m | $40.2m | $48.2m | $51.8m | $47.3m | ($62.3m) | |
| Acquisitions, net of cash received | $0 | ($4.9m) | ($149.0m) | ($18.7m) | ($153.7m) | ($438.3m) | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $4.9m | $149.0m | $18.7m | $153.7m | $438.3m | ($1.8b) | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | $4.1m | $816k | — | |
| Payment for (Proceeds from) Other Investing Activity | — | — | $0 | $0 | ($4.1m) | ($816k) | — | |
| Net Other Investing Changes | — | — | — | — | ($4.1m) | ($816k) | ($1.5m) | |
| Net Cash Provided by (Used in) Investing Activities | ($34.6m) | ($35.3m) | ($184.4m) | ($62.2m) | ($205.7m) | ($479.9m) | ($1.9b) | |
| Cash flows from financing activities: | ||||||||
| Proceeds from borrowings on Senior Notes | — | — | $0 | $0 | $700.0m | $0 | — | |
| Repayments of borrowings on Term Loan | — | $0 | $0 | ($12.5m) | ($602.5m) | ($385.0m) | — | |
| Proceeds from borrowings on Term Loan | — | $0 | $1.0b | $0 | $0 | $350.0m | — | |
| Proceeds from borrowings on revolving credit facilities and other | $0 | $0 | $1.0b | $574.1m | $205.0m | $410.7m | — | |
| Repayments of borrowings on revolving credit facilities and other | ($190k) | $0 | ($585.5m) | ($763.2m) | ($237.0m) | ($217.1m) | — | |
| Payment of debt issuance costs | $0 | $0 | ($4.7m) | ($972k) | ($13.2m) | ($5.4m) | — | |
| Issuance Of Debt | — | — | $1.8b | $574.1m | $905.0m | $760.7m | $2.7b | |
| Long Term Debt Issuance | — | — | $1.8b | $574.1m | $905.0m | $760.7m | $2.7b | |
| Net Issuance Payments Of Debt | — | — | $1.2b | ($201.5m) | $65.5m | $158.6m | $1.3b | |
| Net Long Term Debt Issuance | — | — | $1.2b | ($201.5m) | $65.5m | $158.6m | $1.3b | |
| Long Term Debt Payments | — | — | ($585.5m) | ($775.7m) | ($839.5m) | ($602.1m) | ($1.3b) | |
| Repayment Of Debt | — | — | ($585.5m) | ($775.7m) | ($839.5m) | ($602.1m) | ($1.3b) | |
| Common Stock Dividend Paid | — | — | ($6.1m) | ($13.3m) | ($17.0m) | ($21.9m) | ($24.4m) | |
| Dividends paid | — | $0 | $6.1m | $13.3m | $17.0m | $21.9m | ($24.4m) | |
| Dividends Payable, Current | — | — | $3 | $4 | $5 | — | — | |
| Payment of dividends | $0 | $0 | ($6.1m) | ($13.3m) | ($17.0m) | ($21.9m) | — | |
| Cash Dividends Paid | — | — | ($6.1m) | ($13.3m) | ($17.0m) | ($21.9m) | ($24.4m) | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | ($972k) | ($2.7m) | ($13.4m) | — | |
| Net Other Financing Charges | — | — | ($1.2b) | ($4.9m) | ($16.8m) | ($23.0m) | ($33.5m) | |
| Net Cash Provided by (Used in) Financing Activities | ($326.4m) |
($221.6m)
+32.12%
|
$7.6m
+103.41%
|
($219.7m)
-3007.46%
|
$31.7m
+114.41%
|
$113.7m
+259.03%
|
$1.6b
+1290.81%
|
|
| (Decrease) increase in Cash and cash equivalents | ($55.6m) | ($8.0m) | $30.8m | $30.0m | $147.4m | ($63.5m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | ($8.0m) | $30.8m | $30.0m | $147.4m | ($63.5m) | $216.6m | |
| Beginning Cash Position | — | — | $41.2m | $72.0m | $102.0m | $249.4m | $258.2m | |
| Cash and cash equivalents, beginning of period | $49.2m | $41.2m | $72.0m | $102.0m | $249.4m | $185.9m | — | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | ($1.9m) | ($6.7m) | ($18.6m) | ($34.0m) | $42.1m | $886k | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $41.2m | $72.0m | $102.0m | $249.4m | $185.9m | $216.6m | |
| Effect of foreign exchange rates on Cash and cash equivalents | ($3.8m) | ($1.9m) | ($6.7m) | ($18.6m) | ($34.0m) | $42.1m | — | |
| Effect Of Exchange Rate Changes | — | — | ($6.7m) | ($18.6m) | ($34.0m) | $42.1m | $886k | |
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | $238.7m | $231.1m | $217.6m | $287.2m | $252.6m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | $223.4m | $293.1m | $259.1m | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | $0 | ($3.1m) | ($12.3m) | ($22.3m) | ($25.9m) | — | |
| Income Tax Expense (Benefit) | — | $80.4m | $69.2m | $95.7m | $77.3m | $69.2m | — | |
| Non-cash interest expense | $0 | $0 | $2.0m | $1.2m | $2.9m | $2.9m | — | |
| Additional Financial Items | ||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | — | $2.4m | $2.7m | $13.1m | $7.0m | $2.4m | — | |
| Goodwill | — | $1.5b | $1.5b | $1.6b | $1.7b | $1.9b | — | |
| Operating Expenses | — | — | — | — | $162.3m | $144.8m | — | |
| Pension settlement loss | $0 | ($11.2m) | ($9.1m) | $0 | $12.2m | $0 | — | |
| Interest payments, net | $0 | $0 | $34.7m | $79.1m | $62.3m | $66.6m | — | |
| Income tax payments, net | $0 | $0 | $85.7m | $132.9m | $94.5m | $92.7m | — | |
| Cash Flow From Continuing Financing Activities | — | — | $7.6m | ($219.7m) | $31.7m | $113.7m | $1.6b | |
| Cash Flow From Continuing Investing Activities | — | — | ($184.4m) | ($62.2m) | ($205.7m) | ($479.9m) | ($1.9b) | |
| Change In Account Payable | — | — | ($28.8m) | ($19.8m) | $31.9m | $6.7m | $19.8m | |
| Change In Other Working Capital | — | — | ($18.2m) | $62.0m | ($17.9m) | $3.6m | $29.3m | |
| Change In Payable | — | — | ($28.8m) | ($19.8m) | $31.9m | $6.7m | $19.8m | |
| Changes In Cash | — | — | $37.5m | $48.5m | $181.4m | ($105.6m) | ($41.6m) | |
| End Cash Position | — | — | $72.0m | $102.0m | $249.4m | $185.9m | $216.6m | |
| Financing Cash Flow | — | — | $7.6m |
($219.7m)
-3007.46%
|
$31.7m
+114.41%
|
$113.7m
+259.03%
|
$1.6b
+1290.81%
|
|
| Free Cash Flow | — | — | $174.1m | $282.3m | $303.6m | $213.3m | $196.6m | |
| Gain Loss On Sale Of PPE | — | — | $239k | ($1.6m) | ($986k) | ($5.6m) | ($2k) | |
| Investing Cash Flow | — | — | ($184.4m) | ($62.2m) | ($205.7m) | ($479.9m) | ($1.9b) | |
| Net Business Purchase And Sale | — | — | ($149.0m) | ($18.7m) | ($153.7m) | ($438.3m) | ($1.8b) | |
| Net PPE Purchase And Sale | — | — | ($35.4m) | ($43.6m) | ($48.0m) | ($40.8m) | ($60.1m) | |
| Operating Gains Losses | — | — | ($9.1m) | ($1.6m) | $11.2m | ($5.6m) | ($2k) | |
| Other Non Cash Items | — | — | $2.0m | $1.2m | $2.9m | $2.9m | — | |
| Pension And Employee Benefit Expense | — | — | ($9.1m) | $0 | $12.2m | $0 | $0 | |
| Purchase Of Business | — | — | ($149.0m) | ($18.7m) | ($153.7m) | ($438.3m) | ($1.8b) | |
| Purchase Of PPE | — | — | ($40.2m) | ($48.2m) | ($51.8m) | ($47.3m) | ($62.3m) | |
| Sale Of PPE | — | — | $4.8m | $4.6m | $3.8m | $6.5m | $2.2m | |
| Stock Based Compensation | — | — | $13.0m | $16.1m | $19.8m | $16.9m | $17.4m | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | $11.2m | $9.1m | $0 | ($12.2m) | $0 | — | |
| Distributions to noncontrolling interest holders | ($4.3m) | ($3.7m) | ($3.4m) | ($3.9m) | ($3.7m) | ($4.2m) | — | |
| Supplemental disclosure of cash flow information: | ||||||||
| Change In Cash Supplemental As Reported | — | — | $30.8m | $30.0m | $147.4m | ($63.5m) | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $0 | $34.7m | $79.1m | $62.3m | $66.6m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.