← CURTISS WRIGHT 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 (Loss) Attributable to Parent | $187.3m | $214.9m | $275.7m | $307.6m | $201.4m | $267.2m | $294.3m | $354.5m | $405.0m | $484.2m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $189.4m | $214.9m | $275.7m | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($2.1m) | $0 | $0 | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | ($2.1m) | — | — | — | — | — | — | — | — | — | |
| Depreciation and amortization | $96.0m | $100.0m | $102.9m | $102.4m | $115.9m | $114.4m | $112.0m | $116.2m | $107.7m | $124.8m | |
| Amortization of Intangible Assets | $33.4m | $38.4m | $43.6m | $45.0m | $60.6m | $60.0m | $61.0m | $65.0m | $57.0m | $72.0m | |
| Depreciation | $62.6m | $61.6m | $59.4m | $57.4m | $55.3m | $54.8m | $51.0m | $51.0m | $50.0m | $53.0m | |
| Deferred Income Tax Expense (Benefit) | $4.2m | $4.0m | $8.3m | $46.1m | ($8.9m) | ($8.1m) | ($17.4m) | $43k | ($6.6m) | $9.9m | |
| Share-based Payment Arrangement, Noncash Expense | $9.5m | $11.6m | $14.1m | $13.7m | $14.4m | $13.4m | $15.4m | $16.8m | $18.9m | $21.5m | |
| Share-based Payment Arrangement, Expense | $9.5m | $11.6m | $14.1m | $13.7m | $14.4m | $13.4m | $15.4m | $16.8m | $18.9m | $21.5m | |
| Gain (Loss) on Sale of Assets and Asset Impairment Charges | — | — | — | — | $33.0m | $19.0m | ($5.0m) | — | — | — | |
| Goodwill, Impairment Loss | — | — | — | — | $9.6m | — | — | — | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $2.1m | ($29k) | $1.1m | $11.1m | $0 | $568k | $4.7m | $2.9m | $10k | ($362k) | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | — | ($4.7m) | $0 | $0 | — | |
| Income Tax Expense (Benefit) | $78.6m | $84.7m | $80.5m | $88.9m | $61.7m | $87.4m | $94.8m | $108.6m | $117.1m | $135.8m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $44.9m | $43.1m | |
| Other Nonoperating Income (Expense) | $1.1m | $1.3m | $16.6m | $23.9m | $9.7m | $12.1m | $12.7m | $29.9m | $38.3m | $29.6m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Inventories | ($4.4m) | ($19.7m) | $41.2m | $3.5m | ($15.5m) | ($15.3m) | $60.6m | $21.6m | $34.5m | $63.5m | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | — | ($9.4m) | — | $0 | — | — | — | |
| Foreign Currency Transaction Gain (Loss), Realized | $8.9m | ($5.4m) | $4.5m | ($7.2m) | ($3.9m) | ($1.8m) | $2.6m | — | — | — | |
| General and Administrative Expense | $272.6m | $298.5m | $306.5m | $301.4m | $303.3m | $326.1m | $324.1m | $359.7m | $373.5m | $399.6m | |
| Goodwill | $951.1m | $1.1b | $1.1b | $1.2b | $1.5b | $1.5b | $1.5b | $1.6b | $1.7b | $1.7b | |
| Inventory Write-down | — | — | — | — | $9.2m | — | — | — | $1.4m | — | |
| Proceeds from Stock Options Exercised | $22.3m | $14.2m | $11.9m | $11.8m | $11.1m | $9.7m | $10.0m | $10.6m | — | — | |
| Restructuring Costs | — | — | — | — | $42.7m | — | — | — | $4.3m | $468k | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $2.4b | $2.5b | $2.4b | $2.5b | $2.6b | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $423.2m | $388.7m | $336.3m | $421.4m | $261.2m | $387.7m | $294.8m | $448.1m | $544.3m | $643.4m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $46.8m | $52.7m | $53.4m | $69.8m | $47.5m | $41.1m | $38.2m | $44.7m | $61.0m | $89.7m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | $282.4m | $0 | $225.5m | $0 | |
| Payments to Acquire Investments | — | — | — | — | — | — | $10.0m | $0 | $0 | — | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | $172k | $17k | $0 | $0 | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($42.9m) | ($272.3m) | ($255.5m) | ($240.0m) | ($532.5m) | ($42.4m) | ($325.9m) | ($35.5m) | ($283.3m) | ($90.1m) | |
| Cash flows from financing activities: | |||||||||||
| Repayments of Long-term Debt | $0 | $150.0m | $50.0m | $0 | — | — | — | — | — | — | |
| Payments for Repurchase of Common Stock | $105.2m | $52.1m | $198.6m | $50.7m | $200.0m | $343.1m | $56.9m | $50.1m | $250.0m | $464.9m | |
| Payments of Ordinary Dividends, Common Stock | $23.1m | $24.7m | $26.3m | $28.2m | $28.2m | $28.7m | $28.8m | $30.2m | $31.7m | $34.7m | |
| Proceeds from (Payments for) Other Financing Activities | ($635k) | ($692k) | ($752k) | ($812k) | ($874k) | ($945k) | ($1.0m) | ($1.1m) | ($1.2m) | ($1.2m) | |
| Net Cash Provided by (Used in) Financing Activities | ($96.1m) | ($213.9m) | ($263.6m) | ($68.1m) | $82.1m | ($369.1m) | $129.4m | ($273.4m) | ($271.5m) | ($578.3m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | ($12.4m) | $10.7m | ($11.3m) | $11.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $115.0m | ($192.8m) | ($27.2m) | $86.0m | $149.9m | ($21.8m) | ($13.7m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | $257.0m | $406.9m | $385.0m | $371.3m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Income Taxes Paid, Net | $54.5m | $92.1m | $79.1m | $63.9m | $54.0m | $107.1m | $61.1m | $136.4m | $135.7m | $134.3m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.