← HUBBELL 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 | — | — | — | — | — | — | $516.8m | $757.6m | $784.7m | $891.9m | |
| Net Income (Loss) Attributable to Parent | $293.0m | $243.1m | $360.2m | $400.9m | $351.2m | $399.5m | $545.9m | $759.8m | $777.8m | $887.1m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $297.8m | $249.9m | $366.1m | $399.4m | $349.9m | $398.3m | $544.5m | $758.0m | $776.3m | $885.6m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $297.8m | $249.9m | $366.1m | $407.4m | $356.0m | $405.6m | $551.4m | $766.0m | $783.5m | $891.9m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | $365.0m | $511.3m | $759.8m | $777.8m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | $371.1m | $516.8m | $766.0m | $783.5m | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | $34.5m | $34.6m | $0 | $0 | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $4.8m | $6.8m | $5.9m | $6.5m | $4.8m | — | — | $6.2m | $5.7m | $4.8m | |
| Depreciation, Depletion and Amortization | $92.3m | $99.8m | $148.4m | $151.0m | $157.6m | $149.1m | $148.5m | $149.7m | $212.1m | $206.1m | |
| Amortization of Intangible Assets | $32.3m | $34.9m | $68.9m | $72.0m | $75.4m | $75.7m | $75.7m | $73.5m | $116.6m | $103.6m | |
| Capitalized Computer Software, Amortization | $5.2m | $5.6m | $6.4m | $9.0m | $10.2m | $9.6m | $6.6m | $4.3m | $3.6m | $3.8m | |
| Depreciation | $53.4m | $57.5m | $66.1m | $70.0m | $71.5m | $61.7m | $63.4m | $71.9m | $81.3m | $92.8m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $148.5m | $149.7m | $212.1m | $206.1m | |
| Deferred Income Tax Expense (Benefit) | $12.7m | ($14.3m) | $49.0m | $6.1m | $3.3m | $9.2m | ($27.8m) | ($16.2m) | $1.7m | $11.0m | |
| Deferred Income Tax | — | — | — | — | — | — | ($27.8m) | ($18.9m) | $2.0m | $11.0m | |
| Deferred Tax | — | — | — | — | — | — | ($27.8m) | ($18.9m) | $2.0m | $11.0m | |
| Share-based Payment Arrangement, Noncash Expense | $22.3m | $22.3m | $24.2m | $16.4m | $23.9m | $17.5m | $24.5m | $26.5m | $30.6m | $33.0m | |
| Share-based Payment Arrangement, Expense | $22.3m | $22.3m | $24.2m | $16.4m | $23.9m | — | — | — | — | — | |
| Impairment of Intangible Assets, Finite-lived | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $0 | $0 | $0 | $0 | $0 | $0 | — | — | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $5.8m | $11.6m | $4.0m | $400k | ($300k) | $4.7m | ($3.5m) | ($2.5m) | ($1.0m) | ($1.2m) | |
| Gain (Loss) on Disposition of Business | — | $0 | $0 | $21.7m | $0 | ($6.9m) | $0 | $0 | ($5.3m) | ($400k) | |
| Gain (Loss) on Extinguishment of Debt | — | ($10.1m) | $0 | $0 | — | ($16.8m) | $0 | $0 | — | — | |
| Income Tax Expense (Benefit) | $132.6m | $193.2m | $100.9m | $113.1m | $97.5m | $88.2m | $140.2m | $217.3m | $221.8m | $227.2m | |
| Operating Lease, Expense | — | — | — | $39.1m | $37.1m | $34.1m | $35.7m | $37.7m | $41.9m | $45.3m | |
| Other Nonoperating Income (Expense) | ($4.5m) | ($6.5m) | ($17.6m) | ($21.4m) | ($11.6m) | $5.4m | $4.5m | ($18.5m) | ($7.2m) | ($25.2m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $42.3m | ($3.9m) | $75.4m | ($46.2m) | ($55.5m) | $124.8m | $74.2m | $1.9m | ($22.2m) | $68.2m | |
| Increase (Decrease) in Inventories | ($18.4m) | $90.3m | ($34.2m) | ($12.2m) | ($50.7m) | $138.9m | $66.5m | $42.1m | $22.7m | $32.3m | |
| Increase (Decrease) in Accounts Payable | — | — | $21.5m | ($41.2m) | $22.6m | $195.1m | ($15.3m) | $13.2m | ($13.6m) | $6.3m | |
| Goodwill | $991.0m | $1.1b | $1.8b | $1.8b | $1.9b | $1.9b | $2.0b | $2.5b | $2.5b | $3.1b | |
| Pension Cost (Reversal of Cost) | — | — | — | $8.5m | $7.6m | $0 | $7.0m | $0 | $0 | — | |
| Proceeds from Stock Options Exercised | $0 | — | — | — | — | — | — | — | — | — | |
| Beginning Cash Position | — | — | — | — | — | — | $286.2m | $440.5m | $336.1m | $329.1m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($437.1m) | $388.5m | ($923.4m) | $203.6m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | $18.1m | ($1.4b) | ($59.1m) | ($1.1b) | |
| Cash From Discontinued Investing Activities | — | — | — | — | — | ($5.7m) | ($1.7m) | $0 | $0 | — | |
| Change In Account Payable | — | — | — | — | — | — | ($15.3m) | $13.2m | ($13.6m) | $6.3m | |
| Change In Inventory | — | — | — | — | — | — | ($66.5m) | ($31.0m) | ($24.2m) | ($32.3m) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | $108.3m | ($4.5m) | ($24.3m) | $33.3m | |
| Change In Other Working Capital | — | — | — | — | — | — | $13.2m | $2.1m | $14.9m | $4.6m | |
| Change In Payable | — | — | — | — | — | — | ($15.3m) | $13.2m | ($13.6m) | $6.3m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | ($15.3m) | $13.2m | ($13.6m) | $6.3m | |
| Change In Receivables | — | — | — | — | — | — | ($66.8m) | ($1.6m) | $22.2m | ($68.2m) | |
| Change In Working Capital | — | — | — | — | — | — | ($27.1m) | ($21.8m) | ($25.0m) | ($56.3m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($66.8m) | ($1.6m) | $22.2m | ($68.2m) | |
| Changes In Cash | — | — | — | — | — | — | $162.5m | ($110.9m) | $8.7m | $138.8m | |
| End Cash Position | — | — | — | — | — | — | $440.5m | $336.1m | $329.1m | $482.5m | |
| Financing Cash Flow | — | — | — | — | — | — | ($437.1m) | $388.5m | ($923.4m) | $203.6m | |
| Free Cash Flow | — | — | — | — | — | — | $453.9m | $715.1m | $810.8m | $874.7m | |
| Gain Loss On Sale Of Business | — | — | — | — | — | — | $0 | $0 | $5.3m | $400k | |
| Investing Cash Flow | — | — | — | — | — | — | $16.4m | ($1.4b) | ($59.1m) | ($1.1b) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $155.7m | ($1.2b) | $128.8m | ($955.7m) | |
| Operating Gains Losses | — | — | — | — | — | — | $10.5m | $2.5m | $6.3m | $1.6m | |
| Other Cash Adjustment Outside Changein Cash | — | — | — | — | — | — | $600k | ($400k) | $700k | $700k | |
| Other Non Cash Items | — | — | — | — | — | — | ($9.2m) | ($14.8m) | ($19.5m) | ($57.5m) | |
| Pension And Employee Benefit Expense | — | — | — | — | — | $0 | $7.0m | $0 | $0 | — | |
| Provisionand Write Offof Assets | — | — | — | — | — | $1.3m | $7.4m | $300k | — | — | |
| Purchase Of Business | — | — | — | — | — | — | ($177.1m) | ($1.2b) | — | ($958.3m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($182.0m) | ($30.0m) | ($40.0m) | ($225.0m) | |
| Sale Of Business | — | — | — | — | — | — | $332.8m | $0 | $128.8m | $2.6m | |
| Stock Based Compensation | — | — | — | — | — | — | $24.5m | $26.5m | $30.6m | $33.0m | |
| Net Cash Provided by (Used in) Operating Activities | $398.2m | $379.0m | $517.1m | $591.6m | $648.0m | $30.1m | ($53.0m) | $880.8m | $991.2m | $1.0b | |
| Cash flows from investing activities: | |||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($129.3m) | ($165.7m) | ($180.4m) | ($155.1m) | |
| Capital Expenditure Reported | $67.2m | $79.7m | $96.2m | $93.9m | $88.4m | $90.2m | ($129.3m) | ($165.7m) | ($180.4m) | ($155.1m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $173.4m | $184.1m | $1.1b | $70.8m | $239.6m | ($100k) | $177.1m | $1.2b | ($5.9m) | $958.3m | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($10.7m) | ($3.6m) | ($5.2m) | ($8.5m) | |
| Purchase Of Investment | — | — | — | — | — | — | ($33.7m) | ($25.4m) | ($21.0m) | ($25.2m) | |
| Sale Of Investment | — | — | — | — | — | — | $23.0m | $21.8m | $15.8m | $16.7m | |
| Payments for (Proceeds from) Other Investing Activities | ($6.5m) | ($3.3m) | ($2.1m) | ($900k) | ($900k) | ($9.4m) | ($2.4m) | ($800k) | $2.3m | ($24.7m) | |
| Net Other Investing Changes | — | — | — | — | — | — | $2.4m | $800k | ($2.3m) | $24.7m | |
| Net Cash Provided by (Used in) Investing Activities | ($230.0m) | ($245.6m) | ($1.2b) | ($128.9m) | ($328.8m) | — | — | ($1.4b) | ($59.1m) | ($1.1b) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $397.0m | $297.6m | $947.5m | $0 | $225.0m | $298.7m | $0 | $600.0m | $0 | $1.0b | |
| Issuance Of Debt | — | — | — | — | — | — | $0 | $700.0m | $22.9m | $1.2b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $0 | $600.0m | $0 | $1.0b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($4.8m) | $697.8m | ($577.1m) | $763.7m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $0 | $600.0m | ($600.0m) | $600.0m | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | ($4.8m) | $97.8m | $22.9m | $163.7m | |
| Short Term Debt Issuance | — | — | — | — | — | — | $0 | $100.0m | $22.9m | $164.0m | |
| Repayments of Long-term Debt | — | $300.0m | $168.8m | $225.0m | $331.3m | $300.0m | $0 | $0 | $600.0m | — | |
| Long Term Debt Payments | — | — | — | — | — | — | $0 | $0 | ($600.0m) | ($400.0m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($4.8m) | ($2.2m) | ($600.0m) | ($400.3m) | |
| Short Term Debt Payments | — | — | — | — | — | — | ($4.8m) | ($2.2m) | $0 | ($300k) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($182.0m) | ($30.0m) | ($40.0m) | ($225.0m) | |
| Payments for Repurchase of Common Stock | $246.8m | $92.5m | $40.0m | $35.0m | $41.3m | $11.2m | $182.0m | $30.0m | $40.0m | $225.0m | |
| Payments of Ordinary Dividends, Common Stock | $144.0m | $157.6m | $172.3m | $186.6m | $201.4m | — | — | — | — | — | |
| Common Stock Payments | — | — | — | — | — | — | ($182.0m) | ($30.0m) | ($40.0m) | ($225.0m) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($229.6m) | ($245.5m) | ($267.3m) | ($286.6m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($229.6m) | ($245.5m) | ($267.3m) | ($286.6m) | |
| Proceeds from (Payments for) Other Financing Activities | ($500k) | ($10.0m) | ($11.2m) | ($13.0m) | ($15.0m) | ($39.6m) | ($20.7m) | ($31.6m) | ($39.0m) | ($39.3m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($20.7m) | ($33.8m) | ($39.0m) | ($48.5m) | |
| Net Cash Provided by (Used in) Financing Activities | ($46.8m) | ($214.3m) | $506.5m | ($471.0m) | ($244.2m) | ($433.0m) | ($437.1m) | $388.5m | ($923.4m) | $203.6m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($27.3m) | $18.3m | ($8.2m) | $1.3m | $2.6m | ($3.0m) | ($8.8m) | $6.9m | ($16.4m) | $13.9m | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($8.8m) | $6.9m | ($16.4m) | $13.9m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($27.3m) | $18.3m | ($8.2m) | ($7.0m) | $77.6m | $30.0m | $153.7m | ($104.0m) | ($7.7m) | $152.7m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | ($62.6m) | ($186.0m) | $182.0m | $259.6m | $286.2m | $440.5m | $336.1m | $329.1m | $482.5m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $153.7m | ($104.0m) | ($7.7m) | $152.7m | |
| Income Taxes Paid, Net | — | — | — | — | — | — | — | — | — | $214.3m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.