← LEAR 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: | ||||||||||||
| Consolidated net income | $1.0b | $1.4b | $1.2b | $830.7m | $233.9m | $461.6m | $408.7m | $645.7m | $591.8m | $527.1m | — | |
| Equity in net income of affiliates | ($72.4m) | ($51.7m) | ($20.2m) | ($23.2m) | ($28.5m) | ($15.8m) | ($33.1m) | ($49.3m) | ($50.0m) | ($52.0m) | — | |
| Net Income (Loss) Attributable to Parent | $975.1m |
$1.3b
+34.69%
|
$1.1b
-12.46%
|
$753.6m
-34.46%
|
$158.5m
-78.97%
|
$373.9m
+135.90%
|
$327.7m
-12.36%
|
$572.5m
+74.70%
|
$506.6m
-11.51%
|
$436.8m
-13.78%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | $1.3b |
$1.1b
-11.53%
|
$789.5m
-30.71%
|
$158.5m
-79.92%
|
$373.9m
+135.90%
|
— | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $65.4m | $67.5m | $96.9m | $77.1m | $75.4m | $87.7m | $81.0m | $73.2m | $85.2m | $90.3m | — | |
| Amortization of Intangible Assets | $53.0m | $47.6m | $51.4m | $62.3m | $65.9m | $73.3m | $70.8m | $62.5m | $49.1m | $19.5m | — | |
| Depreciation | $325.2m | $380.1m | $433.0m | $447.6m | $474.0m | $500.6m | $505.7m | $541.9m | $571.6m | $584.6m | $587.0m | |
| Depreciation, Depletion and Amortization | $378.2m | $427.7m | $484.4m | $509.9m | $539.9m | $573.9m | $576.5m | $604.4m | $620.7m | $604.1m | $608.7m | |
| Deferred Income Tax Expense (Benefit) | $103.6m | ($81.3m) | $86.7m | ($38.2m) | ($84.7m) | ($55.5m) | ($49.4m) | ($58.8m) | ($56.9m) | ($117.0m) | ($117.0m) | |
| Deferred tax benefit | $103.6m | ($81.3m) | $86.7m | ($38.2m) | ($84.7m) | ($55.5m) | ($49.4m) | ($58.8m) | ($56.9m) | ($117.0m) | — | |
| Share-based Payment Arrangement, Expense | $66.7m | $68.7m | $40.1m | $22.3m | $39.0m | $58.7m | $50.3m | $65.8m | $62.8m | $64.2m | $66.2m | |
| Share-based Payment Arrangement, Noncash Expense | $68.2m | $70.2m | $41.4m | $23.3m | $40.0m | $60.3m | $52.0m | $67.5m | $64.4m | $66.2m | $66.2m | |
| Stock-based compensation | $68.2m | $70.2m | $41.4m | $23.3m | $40.0m | $60.3m | $52.0m | $67.5m | $64.4m | $66.2m | $66.2m | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | $5.0m | $4.0m | $1.0m | — | $7.0m | — | $2.6m | — | |
| Impairment charges | $5.4m | $3.4m | $6.1m | $14.5m | $31.9m | $20.1m | $29.1m | $29.3m | $10.5m | $64.1m | — | |
| Operating Lease, Impairment Loss | — | — | — | — | $2.0m | $7.2m | $6.5m | — | $2.3m | — | — | |
| Restructuring Costs and Asset Impairment Charges | — | — | — | — | — | — | $154.2m | $132.7m | $138.9m | $253.1m | — | |
| Income (Loss) from Equity Method Investments | $72.4m | $51.7m | $20.2m | $23.2m | $28.5m | $15.8m | $33.1m | $49.3m | $50.0m | $52.0m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Net change in working capital items (see below) | $88.1m | $72.5m | ($118.9m) | ($25.5m) | ($66.9m) | ($351.0m) | ($17.8m) | $44.8m | ($128.8m) | ($167.2m) | — | |
| Accounts receivable | ($176.3m) | ($115.2m) | $230.8m | ($116.2m) | ($164.7m) | $160.9m | ($518.8m) | ($148.3m) | ($72.8m) | ($89.3m) | $314.8m | |
| Increase (Decrease) in Accounts Receivable | $176.3m | $115.2m | ($230.8m) | $116.2m | $164.7m | ($160.9m) | $518.8m | $148.3m | $72.8m | $89.3m | $314.8m | |
| Increase (Decrease) in Inventories | $53.5m | $76.0m | $32.5m | $69.1m | $107.7m | $213.4m | $29.8m | $117.9m | ($76.9m) | ($900k) | ($44.3m) | |
| Inventories | ($53.5m) | ($76.0m) | ($32.5m) | ($69.1m) | ($107.7m) | ($213.4m) | ($29.8m) | ($117.9m) | $76.9m | $900k | ($44.3m) | |
| Accounts payable (including $15.4 million of cash paid in 2023 in conjunction with the acquisition of IGB to settle pre-existing accounts payable) | $157.6m | $195.3m | ($199.3m) | ($5.5m) | $214.0m | ($129.6m) | $368.6m | $162.4m | ($48.8m) | ($28.7m) | $162.4m | |
| Increase (Decrease) in Accounts Payable | $157.6m | $195.3m | ($199.3m) | ($5.5m) | $214.0m | ($129.6m) | $368.6m | $162.4m | ($48.8m) | ($28.7m) | $162.4m | |
| Accrued liabilities and other | $160.3m | $68.4m | ($117.9m) | $165.3m | ($8.5m) | ($168.9m) | $162.2m | $148.6m | ($84.1m) | ($50.1m) | ($228.5m) | |
| Net Cash Provided by (Used in) Operating Activities | $1.6b |
$1.8b
+10.12%
|
$1.8b
-0.19%
|
$1.3b
-27.84%
|
$663.1m
-48.37%
|
$670.1m
+1.06%
|
$1.0b
+52.43%
|
$1.2b
+22.31%
|
$1.1b
-10.34%
|
$1.1b
-2.79%
|
$1.5b
+35.83%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $528.3m | $594.5m | $677.0m | $603.9m | $452.3m | $585.1m | $638.2m | $626.5m | $558.7m | $561.6m | ($629.5m) | |
| Acquisitions, net of cash acquired | ($155.9m) | ($292.4m) | $0 | ($321.7m) | $0 | $0 | ($188.3m) | ($174.5m) | ($800k) | $0 | $0 | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $0 | $321.7m | $0 | $0 | $188.3m | $174.5m | $800k | $0 | $0 | |
| Payments for (Proceeds from) Other Investing Activities | ($47.1m) | ($18.3m) | $16.5m | ($3.2m) | $16.5m | $61.6m | $3.8m | ($39.5m) | ($16.5m) | ($44.8m) | — | |
| Net Cash Provided by (Used in) Investing Activities | ($637.1m) | ($868.6m) | ($693.5m) | ($922.4m) | ($468.8m) | ($646.7m) | ($830.3m) | ($761.5m) | ($543.0m) | ($516.8m) | ($608.1m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | $0 | ($21.2m) | $0 | ($10.6m) | ($21.1m) | ($24.6m) | $0 | $0 | — | — | — | |
| Repayments of Long-term Debt | — | — | — | — | — | — | — | — | $50.0m | $50.0m | ($50.0m) | |
| Short-term borrowings, net | $9.1m | — | — | — | — | $0 | $8.0m | $17.7m | $0 | $0 | — | |
| Term loan borrowings | — | — | — | — | — | $0 | $0 | $150.0m | $0 | $0 | — | |
| Payments for Repurchase of Common Stock | $658.8m | $450.5m | $704.9m | $384.7m | $70.0m | $100.3m | $100.3m | $296.5m | $416.7m | $325.2m | — | |
| Payments of Ordinary Dividends, Common Stock | $88.8m | $137.7m | $186.3m | $186.3m | $67.3m | $106.7m | $185.5m | $181.9m | $173.7m | $164.8m | ($161.5m) | |
| Repurchases of common stock | ($658.8m) | ($450.5m) | ($704.9m) | ($384.7m) | ($70.0m) | ($100.3m) | ($100.3m) | ($296.5m) | ($416.7m) | ($325.2m) | — | |
| Dividends paid to Lear Corporation shareholders | ($89) | ($138) | ($186) | ($186) | ($67) | ($107) | ($186) | ($182) | ($174) | ($165) | ($161.5m) | |
| Proceeds from (Payments for) Other Financing Activities | ($79.2m) | ($58.8m) | ($61.2m) | ($66.8m) | ($112.7m) | $27.5m | ($24.9m) | ($28.9m) | $21.3m | $8.4m | — | |
| Net Cash Provided by (Used in) Financing Activities | ($872.9m) |
($742.0m)
+15.00%
|
($1.0b)
-38.88%
|
($361.9m)
+64.88%
|
($411.7m)
-13.76%
|
($13.6m)
+96.70%
|
($387.3m)
-2747.79%
|
($419.5m)
-8.31%
|
($693.9m)
-65.41%
|
($618.5m)
+10.87%
|
($779.1m)
-25.97%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $1.3b | $1.5b | $19.4m | ($9.4m) | ($195.9m) | $6.8m | ($203.9m) | $81.1m | ($143.1m) | ($20.1m) | $985.0m | |
| Cash, Cash Equivalents and Restricted Cash as of Beginning of Period | $1.3b | $1.5b | $1.5b | $1.5b | $1.3b | $1.3b | $1.1b | $1.2b | $1.1b | $1.0b | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $75.0m | $228.8m | $1.5b | $1.5b | $1.3b | $1.3b | $1.1b | $1.2b | $1.1b | $1.0b | $985.0m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $75.0m | $228.8m | ($36.4m) | ($9.4m) | $21.5m | ($3.0m) | ($7.7m) | $12.8m | ($26.3m) | $26.4m | $19.1m | |
| Net Change in Cash, Cash Equivalents and Restricted Cash | $75.0m | $228.8m | $19.4m | ($9.4m) | ($195.9m) | $6.8m | ($203.9m) | $81.1m | ($143.1m) | ($20.1m) | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Additional Financial Items | ||||||||||||
| Changes in other long-term assets | $38.3m | $2.1m | ($16.7m) | ($10.1m) | ($26.5m) | ($35.7m) | $9.6m | $6.5m | $0 | $15.7m | — | |
| Changes in other long-term liabilities | ($12.9m) | $6.6m | ($23.0m) | $5.0m | $8.3m | ($6.5m) | $8.2m | $17.2m | $25.2m | $31.6m | — | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | — | — | — | ($12.9m) | — | — | — | — | — | — | |
| Effect of foreign currency translation | ($34.3m) | $56.3m | ($36.4m) | ($9.4m) | $21.5m | ($3.0m) | ($7.7m) | $12.8m | ($26.3m) | $26.4m | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($7.6m) | ($5.1m) | ($14.4m) | ($20.6m) | ($19.9m) | ($24.8m) | ($30.4m) | ($53.0m) | ($21.4m) | ($39.8m) | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | — | — | — | ($24.4m) | ($2.7m) | — | |
| Goodwill | $1.1b | $1.4b | $1.4b | $1.6b | $1.7b | $1.7b | $1.7b | $1.7b | $1.7b | $1.8b | $64.1m | |
| Income Tax Expense (Benefit) | $370.2m | $197.5m | $311.9m | $146.1m | $93.9m | $137.7m | $133.7m | $180.8m | $191.1m | $150.0m | — | |
| Income Taxes Paid, Net | $237.6m | $284.0m | $279.2m | $172.1m | $141.5m | $148.3m | $194.6m | $217.6m | $267.5m | $276.8m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $106.2m | $100.8m | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $88.8m | $94.0m | $97.1m | $104.4m | $117.8m | $91.6m | $96.5m | $112.2m | $115.7m | $114.1m | — | |
| Net change in recoverable customer engineering, development and tooling | ($16.9m) | ($54.1m) | $54.4m | ($32.4m) | ($47.0m) | ($29.1m) | ($1.2m) | ($42.3m) | ($17.7m) | $74.8m | — | |
| Non-cash loss on disposal of a non-core business | — | — | — | — | — | — | $0 | $0 | $24.4m | $2.7m | — | |
| Other, net | ($79.2m) | ($58.8m) | ($61.2m) | ($66.8m) | ($112.7m) | $27.5m | ($24.9m) | ($28.9m) | $21.3m | $8.4m | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $21.1b | $19.8b | $17.0b | $19.3b | $20.9b | $23.5b | $23.3b | $23.3b | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Term loan repayments | — | — | — | ($7.8m) | ($14.1m) | ($220.3m) | $0 | $0 | ($50.0m) | ($50.0m) | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.