← APPLIED INDUSTRIAL TECHNOLOGIES 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 — — — — — — $257.4m $346.7m $385.8m $393.0m
Net Income (Loss) Attributable to Parent $29.6m $133.9m $141.6m $144.0m $24.0m $144.8m $257.4m $346.7m $385.8m $393.0m
Amortization of Intangible Assets $25.6m $24.4m $32.1m $41.9m $41.6m $34.4m $31.9m $30.8m $28.9m $35.6m
Depreciation $16.0m $15.3m $17.8m $20.2m $21.2m $20.8m $21.7m $22.3m $23.4m $24.9m
Amortization Cash Flow — — — — — — $31.9m $30.8m $28.9m $35.6m
Amortization Of Intangibles — — — — — — $31.9m $30.8m $28.9m $35.6m
Depreciation Amortization Depletion — — — — — — $53.6m $53.1m $52.4m $60.5m
Deferred Income Tax Expense (Benefit) ($6.6m) ($2.9m) $1.6m $2.4m ($13.3m) ($31.1m) $15.2m ($5.7m) ($1.1m) ($6.4m)
Deferred Income Tax — — — — — — $15.2m ($5.7m) ($1.1m) ($6.4m)
Deferred Tax — — — — — — $15.2m ($5.7m) ($1.1m) ($6.4m)
Share-based Payment Arrangement, Noncash Expense — — $4.7m $4.5m $4.0m — — — — —
Payment, Tax Withholding, Share-based Payment Arrangement — $3.5m $1.6m $3.5m $2.6m $10.1m $8.1m $12.9m $16.3m $14.8m
Share-based Payment Arrangement, Expense $4.1m $5.5m $6.6m $6.9m $7.0m $9.0m $11.8m $12.4m $12.9m $12.0m
Goodwill and Intangible Asset Impairment — — — — — $49.5m $0 $0 — —
Goodwill, Impairment Loss $64.8m $0 $0 — $131.0m — — — — —
Impairment of Intangible Assets, Finite-lived — — — $31.6m — $45.0m — — — —
Operating Lease, Impairment Loss — — — — — $2.5m — — — —
Asset Impairment Charge — — — — — — $0 $0 — —
Gain (Loss) on Disposition of Property Plant Equipment ($337k) $1.5m $335k $459k $1.2m $368k — — — —
Income Tax Expense (Benefit) $49.4m $33.1m $63.1m $50.5m $31.2m $32.3m $72.4m $103.1m $112.4m $108.0m
Other Nonoperating Income (Expense) ($1.1m) $917k $2.4m $881k $2.8m $2.2m ($1.8m) ($1.7m) $5.1m $3.0m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable ($26.4m) $42.3m $83.1m ($8.5m) ($74.4m) $59.1m $145.5m $51.1m $1.9m $4.9m
Increase (Decrease) in Inventories ($25.1m) $3.6m $33.4m $16.6m ($57.0m) ($41.3m) $92.4m $43.0m ($18.4m) ($29.2m)
Increase (Decrease) in Accounts Payable ($28.6m) $32.1m $50.3m ($29.8m) ($53.9m) $10.9m $53.6m $37.7m ($39.3m) $2.2m
Foreign Currency Transaction Gain (Loss), before Tax ($1.0m) ($209k) $210k ($334k) $2.5m ($2.1m) $65k ($3.3m) $1.1m ($529k)
Foreign Currency Transaction Gain (Loss), Unrealized ($61k) $333k $667k ($238k) $1.4m ($1.8m) — — — —
Goodwill $202.7m $206.1m $646.6m $662.0m $540.6m $560.1m $563.2m $578.4m $619.4m $699.4m
Inventory Write-down — $6.0m — — — — — — — —
Proceeds from Stock Options Exercised $896k $656k $102k $0 $330k $163k $555k $127k $127k $0
Stock or Unit Option Plan Expense $1.5m $1.9m $2.0m $2.4m $3.0m $2.5m $3.3m $2.8m $3.4m $4.7m
Beginning Cash Position — — — — — — $257.7m $184.5m $344.0m $460.6m
Cash Flow From Continuing Financing Activities — — — — — — ($223.0m) ($126.9m) ($156.5m) ($245.6m)
Cash Flow From Continuing Investing Activities — — — — — — ($35.7m) ($60.8m) ($95.4m) ($318.8m)
Change In Account Payable — — — — — — $53.6m $37.7m ($39.3m) $2.2m
Change In Inventory — — — — — — ($92.4m) ($43.0m) $18.4m $29.2m
Change In Other Current Assets — — — — — — ($5.0m) ($25.3m) ($25.9m) ($11.4m)
Change In Other Current Liabilities — — — — — — $37.5m $12.4m ($28.4m) $11.9m
Change In Payable — — — — — — $53.6m $37.7m ($39.3m) $2.2m
Change In Payables And Accrued Expense — — — — — — $53.6m $37.7m ($39.3m) $2.2m
Change In Receivables — — — — — — ($145.5m) ($51.1m) ($1.9m) ($4.9m)
Change In Working Capital — — — — — — ($151.9m) ($69.3m) ($77.1m) $26.9m
Changes In Account Receivables — — — — — — ($145.5m) ($51.1m) ($1.9m) ($4.9m)
Changes In Cash — — — — — — ($71.1m) $156.2m $119.5m ($72.0m)
End Cash Position — — — — — — $184.5m $344.0m $460.6m $388.4m
Financing Cash Flow — — — — — — ($223.0m) ($126.9m) ($156.5m) ($245.6m)
Free Cash Flow — — — — — — $169.4m $317.5m $346.5m $465.2m
Gain Loss On Investment Securities — — — — — — $3.3m $2.8m $3.4m $4.7m
Investing Cash Flow — — — — — — ($35.7m) ($60.8m) ($95.4m) ($318.8m)
Net Business Purchase And Sale — — — — — — ($7.0m) ($35.8m) ($72.1m) ($293.4m)
Net PPE Purchase And Sale — — — — — — $1.1m $1.4m $576k $1.8m
Operating Gains Losses — — — — — — $3.3m $2.8m $3.4m $4.7m
Other Non Cash Items — — — — — — ($1.8m) $1.1m ($1.3m) $373k
Proceeds From Stock Option Exercised — — — — — — $555k $127k $127k $0
Provisionand Write Offof Assets — — — — — — $3.2m $5.6m ($205k) $6.0m
Purchase Of Business — — — — — — ($7.0m) ($35.8m) ($72.1m) ($293.4m)
Repurchase Of Capital Stock — — — — — — ($13.8m) ($716k) ($73.4m) ($152.8m)
Sale Of PPE — — — — — — $1.1m $1.4m $576k $1.8m
Stock Based Compensation — — — — — — $8.6m $9.6m $9.5m $7.3m
Net Cash Provided by (Used in) Operating Activities $161.0m $164.6m $147.3m $180.6m $296.7m $241.7m $187.6m $344.0m $371.4m $492.4m
Cash flows from investing activities:
Capital Expenditure — — — — — — ($18.1m) ($26.5m) ($24.9m) ($27.2m)
Capital Expenditure Reported $13.1m $17.0m $23.2m $19.0m $20.1m $15.9m ($18.1m) ($26.5m) ($24.9m) ($27.2m)
Payments to Acquire Businesses, Net of Cash Acquired $62.5m $2.8m $775.7m $37.5m $37.2m $30.2m $7.0m $35.8m $72.1m $293.4m
Payments for (Proceeds from) Other Investing Activities — — — ($391k) $0 $0 $14.8m $0 $0 —
Net Other Investing Changes — — — — — — ($11.7m) — $971k —
Net Cash Provided by (Used in) Investing Activities ($75.0m) ($16.9m) ($797.9m) ($55.1m) ($55.4m) ($44.9m) ($35.7m) ($60.8m) ($95.4m) ($318.8m)
Cash flows from financing activities:
Issuance Of Debt — — — — — — $410.6m $0 $408k $0
Long Term Debt Issuance — — — — — — $410.6m $0 $408k $0
Net Issuance Payments Of Debt — — — — — — ($139.9m) ($67.2m) ($24.8m) ($25.1m)
Net Long Term Debt Issuance — — — — — — ($139.9m) ($67.2m) ($24.8m) ($25.1m)
Net Short Term Debt Issuance — — — — — — $410.6m ($27.0m) — —
Short Term Debt Issuance — — — — — — $410.6m $0 — —
Long Term Debt Payments — — — — — — ($550.5m) ($67.2m) ($25.3m) ($25.1m)
Repayment Of Debt — — — — — — ($550.5m) ($67.2m) ($25.3m) ($25.1m)
Short Term Debt Payments — — — — — — $0 ($27.0m) — —
Net Common Stock Issuance — — — — — — ($13.8m) ($716k) ($73.4m) ($152.8m)
Payments for Repurchase of Common Stock $37.5m $8.2m $22.8m $11.2m $0 $40.1m $13.8m $716k $73.4m $152.8m
Payments of Ordinary Dividends, Common Stock $43.3m $44.6m $45.9m $47.3m $48.9m $50.7m $51.8m $53.4m $55.9m $63.7m
Common Stock Payments — — — — — — ($13.8m) ($716k) ($73.4m) ($152.8m)
Cash Dividends Paid — — — — — — ($51.8m) ($53.4m) ($55.9m) ($63.7m)
Common Stock Dividend Paid — — — — — — ($51.8m) ($53.4m) ($55.9m) ($63.7m)
Net Other Financing Charges — — — — — — ($18.1m) ($5.6m) ($2.5m) ($4.0m)
Net Cash Provided by (Used in) Financing Activities ($92.0m) ($103.3m) $600.3m ($71.5m) ($78.2m) ($213.0m) ($223.0m) ($126.9m) ($156.5m) ($245.6m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $109k — — — $3.3m ($2.9m) ($226k)
Effect Of Exchange Rate Changes — — — — — — ($2.2m) $3.3m ($2.9m) ($226k)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($3.6m) $820k ($589k) $109k $160.3m ($10.8m) ($73.3m) $159.6m $116.6m ($72.2m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — — $184.5m $344.0m $460.6m $388.4m
Cash, Cash Equivalents, and Short-term Investments $59.9m $105.1m $54.1m $108.2m — $257.7m $184.5m $344.0m $460.6m $388.4m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($73.3m) $159.6m $116.6m ($72.2m)
Interest Paid, Excluding Capitalized Interest, Operating Activities — — — — $36.6m $27.5m $20.2m $22.6m $24.0m $21.8m
Income Taxes Paid, Net $1.0m $3.5m $1.6m $3.5m $2.6m $64.4m $53.3m $108.1m $116.3m $107.7m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.