← AAON, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | $100.4m | $177.6m | $168.6m | $107.6m | |
| Net Income (Loss) Attributable to Parent | $53.4m | $54.5m | $42.6m | $53.7m | $79.0m | $58.8m | $100.4m | $177.6m | $168.6m | $107.6m | |
| Depreciation, Depletion and Amortization | $13.0m | $15.0m | $17.7m | $22.8m | $25.6m | $30.3m | $35.1m | $46.5m | $62.7m | $79.2m | |
| Amortization | $249k | $47k | $13k | — | — | — | — | — | — | — | |
| Amortization of Debt Issuance Costs | — | $0 | $0 | $7k | $43k | $43k | $43k | $82k | $154k | $394k | |
| Amortization of Intangible Assets | — | — | $194k | $234k | $234k | $246k | $3.6m | $5.3m | $8.7m | $6.9m | |
| Depreciation | $13.0m | $15.0m | $17.7m | $22.8m | $25.6m | $30.3m | $35.1m | $46.5m | $54.0m | $72.3m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $324k | $324k | $189k | $79.4m | |
| Deferred Income Tax Expense (Benefit) | $825k | ($1.6m) | $2.8m | $6.0m | $13.0m | $3.7m | ($13.3m) | ($6.5m) | ($6.6m) | $31.1m | |
| Deferred Income Tax | — | — | — | — | — | — | ($13.3m) | ($6.5m) | ($6.6m) | $31.1m | |
| Deferred Tax | — | — | — | — | — | — | ($13.3m) | ($6.5m) | ($6.6m) | $31.1m | |
| Share-based Payment Arrangement, Noncash Expense | $4.4m | $6.5m | $7.4m | $11.8m | $11.3m | $11.8m | $13.7m | $16.4m | $16.7m | $18.0m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $823k | $1.6m | $1.1m | $1.2m | $1.2m | $1.6m | $1.0m | $1.3m | $8.0m | $9.7m | |
| Share-based Payment Arrangement, Expense | $4.4m | $6.5m | $7.4m | $11.8m | $11.3m | $11.8m | $13.7m | $16.4m | $16.7m | $18.0m | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $20k | ($45k) | $12k | ($337k) | $6.5m | $21k | $12k | $13k | $23k | $4k | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | — | — | — | $23k | ($4k) | |
| Income Tax Expense (Benefit) | $26.6m | $20.0m | $13.4m | $13.3m | $23.0m | $10.4m | $24.2m | $45.5m | $38.0m | $21.2m | |
| Other Nonoperating Income (Expense) | $105k | $91k | ($47k) | ($46k) | $51k | $61k | $399k | $503k | $378k | $230k | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | ($7.0m) | $7.5m | $2.8m | $13.4m | ($19.9m) | $9.7m | $56.3m | $10.0m | $10.0m | $167.0m | |
| Increase (Decrease) in Inventories | $9.5m | $23.7m | $5.6m | ($2.6m) | $9.7m | $46.0m | $71.4m | $16.2m | ($27.1m) | $73.9m | |
| Increase (Decrease) in Accounts Payable | $654k | $3.0m | ($1.2m) | $280k | ($2.2m) | $10.9m | $11.6m | ($18.3m) | $17.0m | $52.9m | |
| Foreign Currency Transaction Gain (Loss), Realized | $22k | $59k | ($55k) | $27k | $12k | $1k | ($41k) | $10k | ($37k) | ($3k) | |
| Goodwill | — | — | $3.2m | $3.2m | $3.2m | $85.7m | $81.9m | $81.9m | — | — | |
| Inventory Write-down | $625k | $264k | $152k | $1.5m | $1.1m | $629k | $2.7m | $1.6m | ($968k) | $152k | |
| Proceeds from Stock Options Exercised | $2.1m | $2.3m | $5.0m | $12.6m | $21.4m | $21.1m | $23.1m | $33.3m | $31.9m | $17.1m | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $433.9m | $469.3m | $514.6m | $534.5m | $888.8m | $1.2b | $1.2b | $1.4b | |
| Beginning Cash Position | — | — | — | — | — | — | $3.5m | $5.9m | $9.0m | $6.5m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $17.4m | ($46.5m) | $18.0m | $186.6m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($76.2m) | ($109.3m) | ($213.1m) | ($192.4m) | |
| Change In Account Payable | — | — | — | — | — | — | $11.6m | ($18.3m) | $17.0m | $52.9m | |
| Change In Accrued Expense | — | — | — | — | — | — | $16.9m | $15.1m | $13.3m | $31.9m | |
| Change In Inventory | — | — | — | — | — | — | ($71.4m) | ($16.2m) | $27.1m | ($73.9m) | |
| Change In Other Working Capital | — | — | — | — | — | — | $15.2m | ($5.1m) | $3.0m | $66.6m | |
| Change In Payable | — | — | — | — | — | — | $11.6m | ($18.3m) | $17.0m | $52.9m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $28.5m | ($3.2m) | $30.2m | $84.8m | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($2.4m) | ($1.0m) | ($3.7m) | ($11.7m) | |
| Change In Receivables | — | — | — | — | — | — | ($47.5m) | ($51.3m) | ($106.0m) | ($302.2m) | |
| Change In Working Capital | — | — | — | — | — | — | ($77.6m) | ($76.9m) | ($49.4m) | ($236.4m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($56.3m) | ($10.0m) | ($10.0m) | ($167.0m) | |
| Changes In Cash | — | — | — | — | — | — | $2.5m | $3.1m | ($2.5m) | ($5.3m) | |
| End Cash Position | — | — | — | — | — | — | $5.9m | $9.0m | $6.5m | $1.2m | |
| Financing Cash Flow | — | — | — | — | — | — | $17.4m | ($46.5m) | $18.0m | $186.6m | |
| Free Cash Flow | — | — | — | — | — | — | ($49.8m) | $2.9m | ($83.4m) | ($204.4m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($76.2m) | ($109.3m) | ($213.1m) | ($192.4m) | |
| Net Business Purchase And Sale | — | — | — | — | — | ($103.4m) | ($249k) | $0 | $0 | — | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | ($1k) | $41k | ($10k) | — | — | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | $0 | ($5.2m) | ($17.5m) | ($14.3m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | $12k | $129k | $25k | $40k | |
| Operating Gains Losses | — | — | — | — | — | ($22k) | $29k | ($23k) | — | — | |
| Other Non Cash Items | — | — | — | — | — | — | $50k | $38k | $150k | $379k | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $23.1m | $33.3m | $31.9m | $17.1m | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $2.7m | $1.5m | $146k | $422k | |
| Purchase Of Business | — | — | — | — | — | ($103.4m) | ($249k) | $0 | $0 | — | |
| Purchase Of Intangibles | — | — | — | — | — | — | $0 | ($5.2m) | ($17.5m) | ($14.3m) | |
| Purchase Of PPE | $26.6m | $41.7m | $37.3m | $37.2m | $67.8m | $0 | ($22.0m) | $0 | — | — | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($12.7m) | ($25.0m) | ($100.0m) | ($30.0m) | |
| Sale Of PPE | — | — | — | — | — | — | $12k | $129k | $25k | $40k | |
| Stock Based Compensation | — | — | — | — | — | — | $13.7m | $16.4m | $16.7m | $18.0m | |
| Net Cash Provided by (Used in) Operating Activities | $63.9m | $58.0m | $54.9m | $97.9m | $128.8m | $61.2m | $61.3m | $158.9m | $192.5m | $534k | |
| Cash flows from investing activities: | |||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($76.0m) | ($109.5m) | ($213.2m) | ($204.9m) | |
| Capital Expenditure Reported | — | — | — | — | — | — | ($76.0m) | ($104.3m) | ($195.7m) | ($190.6m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $6.4m | $0 | $0 | $103.4m | $249k | $0 | $0 | — | |
| Net Other Investing Changes | — | — | — | — | — | — | $48k | $51k | $51k | $12.4m | |
| Net Cash Provided by (Used in) Investing Activities | ($16.9m) | ($31.1m) | ($34.6m) | ($37.0m) | ($61.3m) | ($158.7m) | ($76.2m) | ($109.3m) | ($213.1m) | ($192.4m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | — | — | — | $0 | $0 | — | — | — | — | — | |
| Issuance Of Debt | — | — | — | — | — | — | $225.8m | $597.1m | $717.9m | $915.4m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $225.8m | $597.1m | $717.9m | $915.4m | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $30.9m | ($32.7m) | $116.8m | $243.2m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $30.9m | ($32.7m) | $116.8m | $243.2m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($194.9m) | ($629.8m) | ($601.1m) | ($672.2m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($194.9m) | ($629.8m) | ($601.1m) | ($672.2m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($12.7m) | ($25.0m) | ($100.0m) | ($30.0m) | |
| Payments of Ordinary Dividends, Common Stock | $12.7m | $13.7m | $16.7m | $16.6m | $19.8m | $19.9m | $22.9m | $26.4m | $26.1m | $32.6m | |
| Common Stock Payments | — | — | — | — | — | — | ($12.7m) | ($25.0m) | ($100.0m) | ($30.0m) | |
| Payments of Dividends | $12.7m | $13.7m | $16.7m | $16.6m | $19.8m | $19.9m | $22.9m | $26.4m | $26.1m | $32.6m | |
| Cash Dividends Paid | — | — | — | — | — | — | ($22.9m) | ($26.4m) | ($26.1m) | ($32.6m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($22.9m) | ($26.4m) | ($26.1m) | ($32.6m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($1.0m) | $4.4m | ($4.5m) | ($11.1m) | |
| Net Cash Provided by (Used in) Financing Activities | ($30.8m) | ($29.6m) | ($39.7m) | ($18.5m) | ($29.6m) | $18.7m | $17.4m | ($46.5m) | $18.0m | $186.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | ($2.7m) | ($19.5m) | $44.4m | $82.3m | $3.5m | $5.9m | $9.0m | $6.5m | $1.2m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $2.5m | $3.1m | ($2.5m) | ($5.3m) | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | $0 | $0 | $0 | $2.4m | $4.8m | $2.8m | $16.6m | |
| Income Taxes Paid, Net | $27.4m | $17.0m | $15.0m | $2.2m | $13.8m | $7.9m | $19.3m | $63.4m | $39.4m | $12.9m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.