← BELDEN 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 (Loss) Attributable to Parent | $128.0m | $93.2m | $160.9m | ($377.0m) | ($55.2m) | $63.9m | $254.7m | $242.8m | $198.4m | $237.5m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $112.6m | $58.3m | $126.0m | ($395.5m) | ($55.2m) | $63.9m | $254.7m | $242.8m | $198.4m | $237.5m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $127.6m | $92.9m | $160.7m | ($376.8m) | ($55.1m) | $64.3m | $254.8m | $242.6m | $198.4m | $237.5m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $112.6m | $58.3m | — | $91.2m | $54.3m | $62.1m | $267.6m | $242.8m | $198.4m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $127.6m | $92.9m | — | $109.9m | $54.4m | $62.5m | $267.7m | $242.6m | $198.4m | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | ($486.7m) | ($99.5m) | $0 | ($3.7m) | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | ($357k) | ($357k) | ($183k) | $239k | $104k | $392k | $159k | ($203k) | ($19k) | $0 | |
| Depreciation, Depletion and Amortization | $145.6m | $149.7m | $148.6m | $139.3m | $108.7m | $88.0m | $88.7m | $99.4m | $115.7m | $129.4m | |
| Amortization of Intangible Assets | $98.4m | $104.0m | $98.8m | $74.6m | $64.4m | $38.3m | $37.9m | $40.4m | $48.8m | $53.4m | |
| Depreciation | $47.2m | $45.6m | $47.6m | $40.4m | $42.5m | $45.9m | $46.7m | $51.4m | $56.4m | $63.8m | |
| Deferred Income Tax Expense (Benefit) | ($30.0m) | ($24.1m) | $11.3m | ($23.5m) | ($19.4m) | $3.6m | ($627k) | ($13.0m) | ($16.0m) | $5.0m | |
| Share-based Payment Arrangement, Noncash Expense | $18.2m | $14.6m | $18.5m | $17.8m | $20.0m | $24.9m | $23.7m | $21.0m | $27.5m | $30.0m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $7.5m | $6.6m | $2.1m | $2.1m | $1.4m | $5.6m | $7.2m | $17.4m | $9.7m | $20.8m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | — | $21.0m | $27.5m | $30.0m | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | — | $140.5m | — | — | — | — | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $132.8m | — | — | — | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | $0 | $0 | $0 | $0 | — | — | — | — | — | — | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | — | $0 | — | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | — | $37.9m | $12.1m | $0 | $0 | |
| Gain (Loss) on Disposition of Business | — | — | — | — | ($946k) | — | $37.9m | $12.1m | $0 | $0 | |
| Gain (Loss) on Extinguishment of Debt | ($2.3m) | ($52.4m) | ($23.0m) | $0 | $0 | ($5.7m) | ($6.4m) | $0 | $0 | ($76k) | |
| Income Tax Expense (Benefit) | ($1.2m) | $6.5m | $59.6m | $42.5m | $11.7m | $25.2m | $49.6m | $43.2m | $29.5m | $29.3m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Inventories | ($2.7m) | $84.1m | $14.8m | ($44.5m) | $8.5m | $93.0m | ($5.6m) | $15.3m | ($24.3m) | $48.2m | |
| Increase (Decrease) in Accounts Payable | $39.3m | $100.8m | ($29.4m) | ($41.5m) | ($43.6m) | $135.7m | ($20.6m) | ($8.2m) | ($21.7m) | $19.5m | |
| Gain (Loss) Related to Litigation Settlement | — | — | $62.1m | $0 | $0 | $27.0m | $0 | $0 | — | — | |
| Goodwill | $1.4b | $1.5b | $1.6b | $1.2b | $1.3b | $1.2b | $862.3m | $907.3m | $1.0b | $1.0b | |
| Proceeds from Stock Options Exercised | — | $0 | — | — | — | — | — | — | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $2.6b | — | — | — | — | — | — | — | |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | $0 | $0 | — | — | ($9.9m) | $1.9m | ($9.2m) | $0 | $0 | — | |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax | $0 | $0 | — | — | — | — | ($3.7m) | $0 | $0 | — | |
| Net Cash Provided by (Used in) Operating Activities | $314.8m | $255.3m | $289.2m | $276.9m | $173.4m | $272.1m | $281.3m | $319.6m | $352.1m | $354.9m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $54.0m | $64.3m | $97.8m | $110.0m | $90.2m | $91.0m | $105.1m | $116.7m | $129.1m | $136.2m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $18.8m | $166.9m | $84.6m | $74.4m | ($590k) | $73.3m | $104.6m | $106.7m | $296.5m | ($7.7m) | |
| Gains (Losses) on Sales of Investment Real Estate | — | — | — | — | — | — | $37.9m | — | — | — | |
| Payments for (Proceeds from) Other Investing Activities | $827k | $0 | $0 | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($73.3m) | ($230.1m) | ($140.7m) | ($184.4m) | ($31.6m) | ($92.0m) | $168.4m | ($200.4m) | ($426.8m) | ($128.2m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $222.1m | $866.7m | $431.3m | $0 | $190.0m | $356.0m | $0 | $0 | — | $50.0m | |
| Repayments of Long-term Debt | $294.4m | $1.1b | $484.8m | $0 | $190.0m | $360.3m | — | — | — | — | |
| Proceeds from Issuance of Common Stock | — | — | — | — | $0 | $0 | $3.7m | $6.6m | $8.9m | $11.6m | |
| Payments for Repurchase of Common Stock | $0 | $25.0m | — | — | — | — | — | — | — | — | |
| Payments of Ordinary Dividends, Common Stock | $16.1m | $43.4m | $43.2m | $34.4m | $9.0m | $9.1m | $8.9m | $8.5m | $8.2m | $8.0m | |
| Proceeds from Noncontrolling Interests | $0 | $0 | — | — | — | — | — | — | — | — | |
| Proceeds from (Payments for) Other Financing Activities | — | — | ($411k) | ($360k) | ($194k) | ($3.2m) | ($157k) | — | $728k | $0 | |
| Net Cash Provided by (Used in) Financing Activities | $401.7m | ($331.4m) | ($281.8m) | ($86.9m) | ($74.9m) | ($32.9m) | ($393.2m) | ($211.9m) | ($143.7m) | ($217.8m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($11.9m) | $19.3m | ($7.3m) | ($301k) | $9.3m | ($5.4m) | ($12.6m) | $2.0m | ($8.3m) | $10.7m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($11.9m) | $19.3m | ($7.3m) | $5.3m | $76.1m | $141.8m | $43.9m | ($90.6m) | ($226.7m) | $19.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $425.9m | $502.0m | $643.8m | $687.7m | $597.0m | $370.3m | $389.9m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $87.1m | $79.0m | $48.5m | $51.2m | $53.0m | $54.2m | $45.2m | $42.1m | $42.4m | $43.2m | |
| Income Taxes Paid, Net | — | — | — | — | — | — | — | — | — | $33.3m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.