← CARPENTER TECHNOLOGY CORP

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 — — — — — — ($49.1m) $56.4m $186.5m $376.0m
Net Income (Loss) Attributable to Parent $11.3m $47.0m $188.5m $167.0m $1.5m ($229.6m) ($49.1m) $56.4m $186.5m $376.0m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $11.3m $47.0m $188.5m $167.0m — — — — — —
Depreciation, Depletion and Amortization $119.3m $117.8m $116.6m $121.5m $123.9m $123.6m $131.4m $131.0m $134.6m $139.2m
Amortization of Intangible Assets $7.3m $6.8m $6.8m $7.3m $8.3m $6.9m $6.9m $6.8m $6.5m $5.7m
Capitalized Computer Software, Amortization $5.5m $5.2m $5.1m $6.1m $5.3m $12.0m $16.9m $16.3m $16.3m $16.8m
Depreciation $106.5m $105.8m $104.7m $108.1m $111.0m $104.7m $107.6m $107.9m $111.8m $116.7m
Depreciation Amortization Depletion — — — — — — $131.4m $131.0m $134.6m $139.2m
Deferred Income Tax Expense (Benefit) $800k $41.6m ($61.1m) $16.5m ($400k) ($33.6m) ($3.1m) ($400k) ($13.3m) ($17.4m)
Deferred Other Tax Expense (Benefit) $5.0m $5.0m $3.0m $3.3m $3.1m $11.0m $11.0m $6.9m $7.0m $6.1m
Deferred Income Tax — — — — — — ($3.1m) ($400k) ($13.3m) ($17.4m)
Deferred Tax — — — — — — ($3.1m) ($400k) ($13.3m) ($17.4m)
Share-based Payment Arrangement, Noncash Expense $8.7m $13.0m $17.6m $17.6m $10.9m $10.4m $10.8m $16.4m $19.8m $22.8m
Payment, Tax Withholding, Share-based Payment Arrangement $500k $1.0m $2.4m $4.4m $8.0m $2.3m $3.4m $3.8m $24.2m $38.3m
Share-based Payment Arrangement, Expense $8.7m $13.0m $17.6m $17.6m $10.9m $10.4m $10.8m $16.4m $19.8m $22.8m
Goodwill, Impairment Loss $12.5m $0 $0 $0 $34.6m $52.8m $0 $0 $14.1m $0
Impairment of Intangible Assets, Finite-lived $1.1m — — — $7.3m — — — $7.0m —
Restructuring Costs and Asset Impairment Charges $7.6m $0 $0 $0 $68.5m $16.6m $0 $0 $16.9m $3.6m
Asset Impairment Charge — — — — — — $0 $0 $14.1m $0
Gain (Loss) on Disposition of Business — ($3.2m) $0 $0 — — — — — —
Gain (Loss) on Disposition of Property Plant Equipment ($600k) ($2.5m) ($2.5m) ($1.2m) ($200k) ($300k) ($2.0m) ($2.5m) ($4.6m) ($2.0m)
Gain (Loss) on Extinguishment of Debt — — — — — ($8.2m) ($6.0m) $0 $0 —
Income (Loss) from Equity Method Investments $600k $0 $0 — — — — — — —
Income Tax Expense (Benefit) $10.2m $23.2m ($28.3m) $49.0m $4.6m ($68.3m) ($14.0m) $16.1m $25.1m $91.3m
Interest Expense Nonoperating — — — — — — — — $51.0m $48.4m
Other Nonoperating Income (Expense) ($2.1m) $2.8m $1.4m $600k $600k ($8.4m) $12.7m ($6.5m) ($60.5m) ($6.1m)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable ($48.2m) $34.6m $86.8m $5.3m ($90.3m) $14.9m $79.0m $144.5m $32.6m $1.8m
Increase (Decrease) in Inventories ($1.6m) $74.6m ($400k) $94.0m ($31.3m) ($238.5m) $71.9m $140.3m $96.7m $60.4m
Increase (Decrease) in Accounts Payable ($7.6m) $42.5m $10.7m $20.1m ($109.9m) $22.4m $95.7m $29.2m ($11.0m) ($1.4m)
Foreign Currency Transaction Gain (Loss), before Tax ($2.4m) ($400k) ($600k) ($400k) $2.8m ($3.7m) ($1.3m) ($400k) ($1.8m) ($1.1m)
Goodwill $244.8m $263.4m $268.7m $326.4m $290.4m $241.4m $241.4m $241.4m $227.3m $227.3m
Inventory Write-down $22.5m $0 $0 — $29.3m $4.2m $0 $0 — $2.5m
Pension Cost (Reversal of Cost) $53.8m $48.4m $14.2m $11.6m $15.3m $24.6m ($7.3m) $19.9m $76.0m $24.8m
Proceeds from Stock Options Exercised $500k $2.2m $12.9m $3.9m $4.3m $500k $0 $5.0m $40.9m $13.4m
Beginning Cash Position — — — — — — $287.4m $154.2m $44.5m $199.1m
Cash Flow From Continuing Financing Activities — — — — — — ($52.8m) ($40.1m) ($23.3m) ($167.1m)
Cash Flow From Continuing Investing Activities — — — — — — ($89.1m) ($82.3m) ($95.9m) ($152.9m)
Change In Account Payable — — — — — — $95.7m $29.2m ($11.0m) ($1.4m)
Change In Accrued Expense — — — — — — ($24.5m) $38.2m $23.6m $13.7m
Change In Inventory — — — — — — ($71.9m) ($140.3m) ($96.7m) ($60.4m)
Change In Other Current Assets — — — — — — $8.3m $13.0m ($31.3m) $13.7m
Change In Other Working Capital — — — — — — ($8.6m) ($6.7m) ($15.2m) ($73.3m)
Change In Payable — — — — — — $95.7m $29.2m ($11.0m) ($1.4m)
Change In Payables And Accrued Expense — — — — — — $71.2m $67.4m $12.6m $12.3m
Change In Receivables — — — — — — ($79.0m) ($144.5m) ($32.6m) ($1.8m)
Change In Working Capital — — — — — — ($80.0m) ($211.1m) ($163.2m) ($109.5m)
Changes In Account Receivables — — — — — — ($79.0m) ($144.5m) ($32.6m) ($1.8m)
Changes In Cash — — — — — — ($135.9m) ($107.7m) $155.7m $120.4m
End Cash Position — — — — — — $154.2m $44.5m $199.1m $315.5m
Financing Cash Flow — — — — — — ($52.8m) ($40.1m) ($23.3m) ($167.1m)
Free Cash Flow — — — — — — ($85.3m) ($67.6m) $178.3m $286.1m
Gain Loss On Sale Of PPE — — — — — — $2.0m $2.5m $4.6m $2.0m
Investing Cash Flow — — — — — — ($89.1m) ($82.3m) ($95.9m) ($152.9m)
Net Business Purchase And Sale — — — — — — $0 $0 — —
Net PPE Purchase And Sale — — — — — — ($89.1m) ($82.3m) ($95.9m) ($152.9m)
Operating Gains Losses — — — — — — $700k $22.4m $80.6m $26.8m
Other Non Cash Items — — — — — — ($4.7m) — $15.8m $2.5m
Pension And Employee Benefit Expense — — — — — — ($7.3m) $19.9m $76.0m $24.8m
Proceeds From Stock Option Exercised — — — — — — $0 $5.0m $40.9m $13.4m
Purchase Of PPE $95.2m $98.5m $135.0m $180.3m $171.4m $100.5m ($91.3m) ($82.3m) ($96.6m) ($154.3m)
Repurchase Of Capital Stock — — — — — — — $0 $0 ($101.9m)
Sale Of Business — — — — — — $0 $0 — —
Sale Of PPE — — — — — — $2.2m $0 $700k $1.4m
Stock Based Compensation — — — — — — $10.8m $16.4m $19.8m $22.8m
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement — — — — — ($11.4m) $0 $0 ($51.9m) $0
Net Cash Provided by (Used in) Operating Activities $256.9m $129.3m $209.2m $232.4m $231.8m $250.0m $6.0m $14.7m $274.9m $440.4m
Cash flows from investing activities:
Capital Expenditure — — — — — — ($91.3m) ($82.3m) ($96.6m) ($154.3m)
Payments to Acquire Businesses, Net of Cash Acquired — $35.3m $13.3m $79.0m $0 $0 — — — —
Payments for (Proceeds from) Other Investing Activities ($4.0m) $0 $0 — — — — — — —
Net Cash Provided by (Used in) Investing Activities ($82.6m) ($112.1m) ($139.4m) ($244.6m) ($171.2m) ($78.9m) ($89.1m) ($82.3m) ($95.9m) ($152.9m)
Cash flows from financing activities:
Issuance Of Debt — — — — — — $296.6m $183.7m $62.5m $0
Long Term Debt Issuance — — — — — — $296.6m $183.7m $62.5m $0
Net Issuance Payments Of Debt — — — — — — ($3.4m) $0 $0 $0
Net Long Term Debt Issuance — — — — — — ($3.4m) $0 $0 $0
Net Short Term Debt Issuance — — — — — — $0 $0 — —
Repayments of Long-term Debt — — $55.0m $0 $0 $250.0m $300.0m $0 $0 —
Long Term Debt Payments — — — — — — ($300.0m) ($183.7m) ($62.5m) $0
Repayment Of Debt — — — — — — ($300.0m) ($183.7m) ($62.5m) $0
Net Common Stock Issuance — — — — — — — $0 $0 ($101.9m)
Payments for Repurchase of Common Stock $123.9m $0 $0 — — — — — — $101.9m
Common Stock Payments — — — — — — — $0 $0 ($101.9m)
Dividends paid $34.8m $34.1m $34.4m $38.6m $38.8m $39.1m $39.2m $39.4m $40.0m $40.3m
Cash Dividends Paid — — — — — — ($39.2m) ($39.4m) ($40.0m) ($40.3m)
Common Stock Dividend Paid — — — — — — ($39.2m) ($39.4m) ($40.0m) ($40.3m)
Net Other Financing Charges — — — — — — ($10.2m) ($5.7m) ($24.2m) ($38.3m)
Net Cash Provided by (Used in) Financing Activities ($163.1m) ($32.8m) ($78.9m) ($19.4m) $107.8m ($76.1m) ($52.8m) ($40.1m) ($23.3m) ($167.1m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $800k ($100k) ($1.0m) $2.4m ($2.3m) ($700k) $2.7m ($2.0m) ($1.1m) ($4.0m)
Effect Of Exchange Rate Changes — — — — — — $2.7m ($2.0m) ($1.1m) ($4.0m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $800k ($100k) ($1.0m) ($29.2m) $166.1m $94.3m ($133.2m) ($109.7m) $154.6m $116.4m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $27.0m $193.1m $287.4m $154.2m $44.5m $199.1m $315.5m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($133.2m) ($109.7m) $154.6m $116.4m
Interest Paid, Excluding Capitalized Interest, Operating Activities — — — — $27.0m $28.2m $40.5m $50.9m $49.2m $48.4m
Income Taxes Paid, Net $27.9m ($33.3m) $33.7m $27.5m $29.8m $2.1m ($46.1m) $9.9m $62.8m $93.6m

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