← MODINE MANUFACTURING CO
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net earnings | $14.9m |
$23.8m
+59.73%
|
$85.9m
+260.92%
|
($2.0m)
-102.33%
|
($209.5m)
-10375.00%
|
$86.3m
+141.19%
|
$153.6m
+77.98%
|
$163.4m
+6.38%
|
$185.5m
+13.53%
|
$123.3m
-33.53%
|
— | |
| Net Income | — | — | — | — | — | — | $153.1m |
$161.5m
+5.49%
|
$184.0m
+13.93%
|
$121.5m
-33.97%
|
$145.9m
+20.08%
|
|
| Net Income From Continuing Operations | — | — | — | — | — | — | $153.6m | $163.4m | $185.5m | $123.3m | $145.9m | |
| Depreciation and amortization | $58.3m | $76.7m | $76.9m | $77.1m | $68.6m | $54.8m | $54.5m | $56.1m | $77.7m | $79.7m | $81.4m | |
| Amortization Cash Flow | — | — | — | — | — | — | $8.0m | $9.2m | $27.4m | $21.0m | — | |
| Amortization Of Intangibles | — | — | — | — | — | — | $8.0m | $9.2m | $27.4m | $21.0m | $21.0m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $54.5m | $56.1m | $77.7m | $79.7m | $81.4m | |
| Deferred income taxes | ($4.6m) | $12.1m | ($4.4m) | $1.0m | $67.9m | ($3.8m) | ($59.6m) | $6.2m | $6.5m | ($39.1m) | ($43.6m) | |
| Deferred Tax | — | — | — | — | — | — | ($59.6m) | $6.2m | $6.5m | ($39.1m) | ($43.6m) | |
| Stock-based compensation expense | $7.4m | $9.5m | $7.9m | $6.6m | $6.3m | $5.7m | $6.6m | $10.8m | $26.4m | $22.1m | $24.8m | |
| Impairment charge | — | — | $400k | $8.6m | $166.8m | — | $0 | $0 | $0 | $4.1m | — | |
| Change In Working Capital | — | — | — | — | — | — | ($52.4m) | ($24.0m) | ($89.7m) | ($68.4m) | ($75.7m) | |
| Trade accounts receivable | ($25.7m) | ($26.1m) | ($15.3m) | $36.6m | ($17.1m) | ($55.6m) | ($40.7m) | ($8.3m) | ($61.2m) | ($222.6m) | — | |
| Change In Receivables | — | — | — | — | — | — | ($40.7m) | ($8.3m) | ($61.2m) | ($222.6m) | ($143.7m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($40.7m) | ($8.3m) | ($61.2m) | ($222.6m) | ($143.7m) | |
| Inventories | ($3.3m) | ($12.5m) | ($22.0m) | ($12.0m) | ($5.0m) | ($70.7m) | ($49.4m) | ($17.3m) | $13.6m | ($125.1m) | ($168.9m) | |
| Change In Inventory | — | — | — | — | — | — | ($49.4m) | ($17.3m) | $13.6m | ($125.1m) | ($168.9m) | |
| Accounts payable | $19.9m | $25.2m | $16.6m | ($37.7m) | $44.0m | $55.1m | $10.2m | ($59.1m) | $10.5m | $151.1m | $162.4m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $16.6m | ($43.9m) | $12.1m | $137.6m | $162.4m | |
| Accrued compensation and employee benefits | ($6.5m) | $16.4m | ($10.1m) | ($15.2m) | $15.7m | $9.8m | $6.4m | $15.2m | $1.6m | ($13.5m) | — | |
| Change In Accrued Expense | — | — | — | — | — | — | $6.4m | $15.2m | $1.6m | ($13.5m) | ($13.5m) | |
| Other assets | ($2.5m) | ($5.4m) | ($11.8m) | $14.7m | $27.5m | ($2.4m) | $19.6m | $12.0m | $15.3m | ($2.9m) | — | |
| Other liabilities | ($18.2m) | ($7.4m) | ($27.8m) | ($24.6m) | ($21.7m) | ($21.7m) | $1.5m | $33.5m | ($25.0m) | ($14.4m) | — | |
| Change In Other Current Assets | — | — | — | — | — | — | $19.6m | $12.0m | $15.3m | ($2.9m) | ($2.9m) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($8.8m) | ($24.8m) | ($25.0m) | ($14.4m) | ($14.4m) | |
| Net cash provided by operating activities | $41.6m |
$123.8m
+197.60%
|
$103.3m
-16.56%
|
$57.9m
-43.95%
|
$149.8m
+158.72%
|
$11.5m
-92.32%
|
$107.5m
+834.78%
|
$214.6m
+99.63%
|
$213.3m
-0.61%
|
$248.7m
+16.60%
|
$262.4m
+5.51%
|
|
| Expenditures for property, plant and equipment | ($64.4m) | ($71.0m) | ($73.9m) | ($71.3m) | ($32.7m) | ($40.3m) | ($50.7m) | ($87.7m) | ($84.0m) | ($143.3m) | — | |
| Capital Expenditure | — | $71.0m | $73.9m | $71.3m | $32.7m | $40.3m | ($50.7m) | ($87.7m) | ($84.0m) | ($143.3m) | ($162.2m) | |
| Payments for business acquisitions, net of cash acquired | ($364.2m) | $0 | $0 | — | — | $0 | $0 | ($186.2m) | ($3.4m) | ($182.4m) | — | |
| Net Other Investing Changes | — | — | — | — | — | — | $300k | $2.5m | $800k | $4.4m | $3.0m | |
| Net cash used for investing activities | ($422.2m) | ($71.6m) | ($72.8m) | ($60.5m) | ($31.3m) | ($51.0m) | ($50.4m) | ($283.4m) | ($86.6m) | ($321.3m) | — | |
| Borrowings of debt | $559.1m | $171.0m | $231.2m | $692.4m | $32.7m | $351.8m | $374.3m | $332.5m | $414.5m | $829.6m | — | |
| Repayments of debt | ($202.4m) | ($222.9m) | ($251.9m) | ($649.5m) | ($183.6m) | ($306.7m) | ($403.4m) | ($260.4m) | ($496.3m) | ($745.9m) | ($946.1m) | |
| (Repayments) borrowings on bank overdrafts - net | — | — | ($100k) | $1.2m | $3.6m | ($4.3m) | $3.0m | $6.3m | ($700k) | ($5.0m) | — | |
| Issuance Of Debt | — | — | — | — | — | — | $374.3m | $332.5m | $414.5m | $829.6m | $936.6m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $374.3m | $332.5m | $414.5m | $829.6m | $936.6m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($403.4m) | ($260.4m) | ($496.3m) | ($745.9m) | ($946.1m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($26.1m) | $78.4m | ($82.5m) | $78.7m | ($1.4m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($29.1m) | $72.1m | ($81.8m) | $83.7m | ($9.5m) | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | $3.0m | $6.3m | ($700k) | ($5.0m) | $8.1m | |
| Repayment Of Debt | — | — | — | — | — | — | ($403.4m) | ($260.4m) | ($496.3m) | ($745.9m) | ($946.1m) | |
| Common Stock Payments | — | — | — | — | — | — | ($9.0m) | ($17.7m) | ($30.9m) | ($7.0m) | ($66.5m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($9.0m) | ($17.7m) | ($30.9m) | ($7.0m) | ($66.5m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($9.0m) | ($17.7m) | ($30.9m) | ($7.0m) | ($66.5m) | |
| Dividends paid to noncontrolling interest | $0 | ($900k) | ($1.8m) | ($1.3m) | $0 | ($900k) | ($600k) | ($500k) | ($1.1m) | ($1.8m) | — | |
| Net Other Financing Charges | — | — | — | — | — | — | $1.8m | $2.0m | ($200k) | $1.4m | ($5.5m) | |
| Net cash provided by (used for) financing activities | $347.6m |
($50.1m)
-114.41%
|
($25.9m)
+48.30%
|
$33.3m
+228.57%
|
($145.1m)
-535.74%
|
$39.2m
+127.02%
|
($33.3m)
-184.95%
|
$62.7m
+288.29%
|
($113.6m)
-281.18%
|
$73.1m
+164.35%
|
— | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | ($34.6m) | $5.5m | $1.9m | $29.1m | ($25.2m) | ($700k) | $21.8m | ($6.9m) | $11.6m | $1.8m | — | |
| Cash, cash equivalents and restricted cash - beginning of period | $34.8m | $40.3m | $42.2m | $71.3m | $46.1m | $45.4m | $67.2m | $60.3m | $71.9m | $73.7m | — | |
| Beginning Cash Position | — | — | — | — | — | — | $45.4m | $67.2m | $60.3m | $71.9m | $124.7m | |
| Effect of exchange rate changes on cash | ($1.7m) | $3.0m | ($2.7m) | ($1.6m) | $1.4m | ($400k) | ($2.0m) | ($800k) | ($1.5m) | $1.3m | ($1.2m) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Loss (gain) on sale of assets | ($2.0m) | $0 | $1.7m | ($800k) | $0 | $6.6m | $0 | ($4.0m) | $0 | $3.9m | — | |
| Pension termination charge | — | — | — | — | — | — | — | $0 | $0 | $116.1m | — | |
| Other - net | ($400k) | $2.7m | ($3.4m) | ($3.1m) | $3.0m | ($500k) | $1.3m | ($1.9m) | $900k | $3.2m | — | |
| Increase (decrease) in contract liabilities | — | — | — | — | — | — | $10.3m | $58.3m | ($44.5m) | $159.0m | — | |
| Purchase of TMGcore, Inc. technology and related assets (see Note 2) | — | — | — | — | — | $0 | $0 | ($12.0m) | $0 | $0 | — | |
| Proceeds from (payments for) disposition of assets | — | — | — | $6.2m | $700k | ($7.6m) | $300k | ($800k) | $800k | $800k | — | |
| Purchases of treasury stock | $0 | $0 | ($600k) | ($2.4m) | $0 | $0 | ($7.3m) | ($13.3m) | ($30.9m) | ($7.0m) | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($33.3m) | $62.7m | ($113.6m) | $73.1m | ($66.7m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($50.4m) | ($283.4m) | ($86.6m) | ($321.3m) | ($223.7m) | |
| Change In Account Payable | — | — | — | — | — | — | $10.2m | ($59.1m) | $10.5m | $151.1m | $162.4m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $21.8m | ($6.9m) | $11.6m | $1.8m | — | |
| Change In Other Working Capital | — | — | — | — | — | — | $10.3m | $58.3m | ($44.5m) | $159.0m | $105.3m | |
| Change In Payable | — | — | — | — | — | — | $10.2m | ($59.1m) | $10.5m | $151.1m | $162.4m | |
| Changes In Cash | — | — | — | — | — | — | $23.8m | ($6.1m) | $13.1m | $500k | ($28.0m) | |
| End Cash Position | — | — | — | — | — | — | $67.2m | $60.3m | $71.9m | $73.7m | $96.7m | |
| Financing Cash Flow | — | — | — | — | — | — | ($33.3m) |
$62.7m
+288.29%
|
($113.6m)
-281.18%
|
$73.1m
+164.35%
|
($66.7m)
-191.24%
|
|
| Free Cash Flow | — | — | — | — | — | — | $56.8m | $126.9m | $129.3m | $105.4m | $100.2m | |
| Income Tax Paid Supplemental Data | — | — | — | — | — | — | $31.9m | $45.1m | $53.9m | $75.8m | $75.8m | |
| Investing Cash Flow | — | — | — | — | — | — | ($50.4m) | ($283.4m) | ($86.6m) | ($321.3m) | ($223.7m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $0 | ($198.2m) | ($3.4m) | ($182.4m) | ($63.4m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | ($300k) | $0 | $3.3m | — | — | $3.3m | |
| Operating Gains Losses | — | — | — | — | — | $6.6m | — | ($4.0m) | — | $120.0m | $120.0m | |
| Other Non Cash Items | — | — | — | — | — | — | $4.8m | $6.1m | $6.9m | $7.0m | — | |
| Pension And Employee Benefit Expense | — | — | — | — | — | — | — | $0 | $0 | $116.1m | $116.1m | |
| Purchase Of Business | — | — | — | — | — | — | $0 | ($198.2m) | ($3.4m) | ($182.4m) | ($63.4m) | |
| Purchase Of Investment | — | — | — | — | — | ($3.9m) | ($3.4m) | $0 | — | — | $0 | |
| Sale Of Investment | — | — | — | — | — | $3.6m | $3.4m | $3.3m | — | — | $3.3m | |
| Stock Based Compensation | — | — | — | — | — | — | $6.6m | $10.8m | $26.4m | $22.1m | $24.8m |