← Fortune Brands Innovations, 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 | $413.2m | $472.6m | $389.6m | $431.9m | $553.1m | $772.4m | $686.7m | $404.5m | $471.9m | $298.8m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $413.2m | $472.7m | $389.8m | $431.3m | $554.4m | $772.4m | $686.7m | $404.5m | $471.9m | $298.8m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $412.4m | $475.2m | $389.8m | $431.9m | $553.1m | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $412.4m | $475.3m | $390.0m | $431.3m | $554.4m | — | $539.9m | $405.5m | $471.9m | $298.8m | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $800k | ($2.6m) | ($200k) | — | — | — | $146.8m | ($1.0m) | $0 | $0 | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $800k | ($2.6m) | ($200k) | — | — | — | $146.8m | ($1.0m) | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | $100k | $200k | ($600k) | $1.3m | — | $0 | — | — | — | |
| Amortization | $28.1m | $31.7m | $36.1m | $41.4m | $42.0m | — | — | — | — | — | |
| Amortization of Debt Issuance Costs | $3.6m | $2.0m | $2.3m | $3.4m | $4.5m | $3.6m | $3.8m | $4.1m | — | — | |
| Amortization of Intangible Assets | $28.1m | $31.7m | $36.1m | $41.4m | $42.0m | $64.1m | $48.3m | $62.1m | $73.1m | $75.2m | |
| Depreciation | $94.6m | $98.6m | $113.5m | $111.3m | $121.5m | $125.0m | $126.5m | $106.7m | $120.5m | $118.9m | |
| Share-based Payment Arrangement, Noncash Expense | $32.0m | $43.0m | $36.1m | $30.5m | $47.6m | $50.2m | $50.2m | $34.2m | $39.3m | $20.8m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $10.1m | $10.6m | $14.0m | $8.7m | $10.7m | $13.3m | $27.0m | $14.5m | $14.4m | $8.3m | |
| Share-based Payment Arrangement, Expense | — | $43.6m | $37.2m | $31.8m | $50.3m | $54.4m | $40.1m | $35.2m | $40.9m | $21.5m | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | — | — | — | — | — | $0 | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | — | $0 | $0 | — | $0 | $0 | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | — | — | — | — | ($5.0m) | $0 | $0 | — | — | |
| Gain (Loss) on Disposition of Business | — | ($2.4m) | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($1.2m) | ($900k) | ($1.2m) | $400k | ($2.4m) | ($1.6m) | $4.7m | $1.0m | — | — | |
| Income (Loss) from Equity Method Investments | — | — | — | — | ($7.6m) | $0 | $0 | — | — | — | |
| Income Tax Expense (Benefit) | $169.7m | $159.5m | $147.0m | $144.0m | $168.8m | $232.7m | $127.2m | $112.4m | $133.6m | $106.2m | |
| Other Nonoperating Income (Expense) | ($1.5m) | ($7.9m) | $16.3m | ($29.0m) | $13.3m | ($900k) | $12.0m | $19.5m | ($11.9m) | $4.1m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $39.1m | ($1.0m) | ($9.8m) | $50.7m | $85.7m | $151.5m | ($66.3m) | ($25.7m) | ($6.3m) | ($5.6m) | |
| Increase (Decrease) in Inventories | ($52.4m) | $24.8m | $55.0m | $38.3m | $91.8m | $324.3m | $198.5m | ($148.8m) | ($16.6m) | $55.4m | |
| Increase (Decrease) in Accounts Payable | $57.6m | $24.0m | $21.0m | $8.7m | $142.9m | $137.7m | ($161.2m) | $101.1m | ($29.3m) | $9.5m | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | — | — | — | — | ($3.4m) | $4.7m | $3.4m | |
| Gain (Loss) on Investments | — | — | — | — | — | — | — | $0 | — | — | |
| Goodwill | $1.8b | $1.9b | $2.1b | $2.1b | $2.4b | $2.5b | $1.6b | $1.9b | $2.0b | $2.0b | |
| Proceeds from Stock Options Exercised | $25.5m | $28.5m | $4.9m | $17.3m | $64.9m | $41.8m | $1.1m | $18.0m | $15.5m | $4.5m | |
| Restructuring Costs | ($100k) | — | — | — | — | — | — | — | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $5.5b | $5.8b | $6.1b | $7.7b | — | — | — | — | |
| Derivative, Gain (Loss) on Derivative, Net | ($1.5m) | ($1.1m) | $5.7m | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $650.5m | $600.3m | $604.0m | $637.2m | $825.7m | $688.7m | $566.3m | $1.1b | $667.8m | $478.6m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $149.3m | $165.0m | $150.1m | $131.8m | $150.5m | $214.2m | $246.1m | $256.5m | $193.3m | $111.8m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $239.7m | $124.6m | $465.6m | — | $715.2m | ($5.2m) | $217.6m | $784.1m | $135.4m | $0 | |
| Payments for (Proceeds from) Other Investing Activities | — | — | ($4.0m) | — | — | — | $0 | — | $1.1m | $0 | |
| Net Cash Provided by (Used in) Investing Activities | ($385.1m) | ($287.7m) | ($634.3m) | ($127.6m) | ($923.5m) | ($207.1m) | ($455.5m) | ($1.0b) | ($302.9m) | ($104.9m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $1.1b | $640.0m | $2.2b | $1.7b | $1.9b | $1.2b | $6.0b | $1.1b | $915.0m | $1.9b | |
| Repayments of Long-term Debt | $805.0m | $565.0m | $1.9b | $1.3b | $1.5b | $1.5b | $5.6b | $470.0m | $915.0m | $1.5b | |
| Payments for Repurchase of Common Stock | $424.5m | $214.8m | $694.6m | $100.0m | $187.6m | $447.7m | $580.1m | $150.0m | $240.4m | $247.8m | |
| Dividends paid | $98.2m | $110.3m | $115.2m | $123.0m | $133.3m | $143.0m | $145.6m | $116.8m | $119.6m | $120.6m | |
| Dividends Payable, Current | $27.6m | $30.4m | $30.9m | $33.5m | $36.1m | $37.8m | $29.4m | $30.3m | $30.9m | $31.2m | |
| Proceeds from (Payments for) Other Financing Activities | ($2.0m) | — | ($1.0m) | ($5.6m) | ($4.2m) | ($1.4m) | ($22.5m) | ($3.1m) | ($4.5m) | ($1.1m) | |
| Net Cash Provided by (Used in) Financing Activities | ($250.4m) | ($250.1m) | ($6.8m) | ($389.7m) | $111.6m | ($428.6m) | $72.5m | ($271.3m) | ($363.4m) | ($503.3m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($2.0m) | $9.0m | — | $4.3m | $16.3m | ($1.9m) | ($11.1m) | $500k | ($11.5m) | $11.5m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($2.0m) | $9.0m | ($15.2m) | $124.2m | $30.1m | $51.1m | $172.2m | ($252.8m) | ($10.0m) | ($118.1m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $251.5m | $323.0m | $270.7m | $394.9m | $425.0m | $476.1m | $648.3m | $395.5m | $385.5m | $267.4m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $63.4m | $81.0m | $76.2m | $76.8m | $102.9m | $121.4m | $126.6m | $122.8m | |
| Income Taxes Paid, Net | ($600k) | $169.7m | $114.2m | $144.5m | $175.5m | $228.8m | $278.3m | $120.3m | $152.3m | $79.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.