← HYSTER-YALE, 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 | $42.8m | $48.6m | $34.7m | $35.8m | $37.1m | ($173.0m) | ($74.1m) | $125.9m | $142.3m | ($60.1m) | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $42.3m | $48.9m | $34.3m | $36.6m | $38.5m | ($183.2m) | ($71.6m) | $128.1m | $144.2m | ($58.0m) | |
| Net Income (Loss) Attributable to Noncontrolling Interest | ($500k) | $300k | ($400k) | $800k | $1.4m | ($10.2m) | — | — | — | — | |
| Depreciation, Depletion and Amortization | $39.1m | $42.8m | $44.0m | $43.3m | $42.9m | $46.2m | $43.4m | $45.1m | $47.6m | $45.8m | |
| Amortization of Debt Issuance Costs | $1.1m | $1.4m | $1.7m | $1.9m | $1.7m | $3.1m | $1.4m | $1.4m | $1.5m | $1.4m | |
| Amortization of Intangible Assets | $4.6m | $5.7m | $6.6m | $6.6m | $6.1m | $5.4m | $4.5m | $4.3m | $4.3m | $4.0m | |
| Depreciation | $34.5m | $37.4m | $37.4m | $36.7m | $36.8m | $40.8m | $38.9m | $40.8m | $43.3m | $41.8m | |
| Deferred Income Tax Expense (Benefit) | ($7.4m) | $8.1m | ($3.2m) | ($6.8m) | ($2.5m) | $19.8m | ($100k) | ($1.1m) | ($8.2m) | ($1.5m) | |
| Share-based Payment Arrangement, Noncash Expense | $4.9m | $8.8m | $5.7m | $8.2m | $1.3m | $4.0m | $6.4m | $29.3m | $23.6m | $7.5m | |
| Goodwill, Impairment Loss | — | — | — | $0 | $0 | $55.6m | $0 | $0 | — | — | |
| Impairment of Intangible Assets, Finite-lived | — | $1.2m | $1.2m | $1.2m | — | — | — | — | — | — | |
| Restructuring Costs and Asset Impairment Charges | — | — | — | — | — | — | — | — | — | $38.4m | |
| Gain (Loss) on Disposition of Assets | $300k | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | $300k | $300k | $300k | ($100k) | $1.5m | $400k | $200k | ($35.4m) | ($47.8m) | ($62.5m) | |
| Income (Loss) from Equity Method Investments | $7.1m | $28.0m | $10.0m | $9.3m | $6.6m | $11.7m | $11.0m | $9.8m | $5.5m | $10.4m | |
| Income Tax Expense (Benefit) | ($4.0m) | $44.9m | $2.3m | $11.3m | $3.7m | $28.3m | $9.2m | $52.9m | $74.8m | $15.1m | |
| Other Nonoperating Income (Expense) | $3.0m | $4.4m | $3.8m | $4.5m | ($600k) | $1.2m | ($5.9m) | ($200k) | $2.5m | $0 | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $27.5m | $44.0m | ($58.0m) | $9.6m | ($68.9m) | $54.6m | $89.5m | ($26.8m) | $14.2m | ($25.3m) | |
| Increase (Decrease) in Inventories | $14.9m | $43.6m | $125.4m | $37.9m | ($66.6m) | $289.7m | $39.1m | $4.3m | ($35.3m) | ($156.6m) | |
| Increase (Decrease) in Accounts Payable | ($53.8m) | $125.1m | $23.3m | $1.9m | $4.3m | $129.5m | $78.7m | ($81.4m) | ($55.9m) | ($79.9m) | |
| Gain (Loss) on Investments | — | — | — | — | — | ($200k) | ($1.0m) | $500k | $0 | — | |
| Goodwill | $50.7m | $59.1m | $108.3m | $106.7m | $114.7m | $56.5m | $51.3m | $53.3m | $54.6m | $55.7m | |
| Nonoperating Income (Expense) | $3.4m | $17.8m | ($2.2m) | ($6.0m) | ($7.7m) | ($2.6m) | ($23.3m) | ($27.7m) | ($25.8m) | ($20.8m) | |
| Operating Expenses | $392.6m | $426.6m | $458.3m | $487.9m | $415.5m | $515.7m | $473.0m | $576.9m | $650.7m | $654.9m | |
| Payments of Financing Costs | $1.7m | $4.7m | $600k | $400k | $0 | $7.6m | $0 | $800k | $0 | $2.1m | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($800k) | ($4.1m) | $1.8m | ($12.0m) | ($11.6m) | $5.7m | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | ($48.9m) | $164.7m | $67.6m | $76.7m | $166.9m | ($253.5m) | $40.6m | $150.7m | $170.7m | $86.1m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $42.7m | $41.0m | $38.8m | $49.7m | $51.7m | $44.3m | $28.8m | $35.4m | $47.8m | $62.5m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $116.1m | $1.0m | $78.0m | $0 | $0 | — | $8.4m | — | ($2.2m) | ($2.6m) | |
| Payments for (Proceeds from) Other Investing Activities | $0 | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($145.1m) | ($47.3m) | ($110.9m) | ($42.0m) | ($43.7m) | ($24.5m) | ($35.4m) | ($34.5m) | ($47.6m) | ($62.7m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $40.1m | $265.6m | $71.5m | $67.6m | $72.2m | $119.6m | $135.0m | $138.8m | $168.9m | $148.4m | |
| Repayments of Long-term Debt | $56.5m | $75.9m | $143.7m | $92.1m | $83.7m | $62.0m | $97.6m | $161.1m | $198.5m | $171.1m | |
| Payments for Repurchase of Common Stock | $0 | — | — | — | — | — | $0 | $0 | ($14.0m) | ($4.5m) | |
| Payments of Ordinary Dividends, Common Stock | $19.2m | $19.8m | $20.4m | $21.0m | $21.3m | $21.6m | $21.8m | $22.3m | $24.0m | $25.4m | |
| Proceeds from (Payments for) Other Financing Activities | $0 | ($100k) | ($600k) | ($200k) | ($100k) | $0 | $0 | ($100k) | $0 | $0 | |
| Net Cash Provided by (Used in) Financing Activities | $77.9m | $53.1m | ($87.6m) | ($51.6m) | ($40.6m) | $193.6m | ($10.9m) | ($100.5m) | ($100.1m) | ($800k) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | $86.8m | ($85.9m) | ($6.5m) | $19.8m | $17.8m | $26.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | $59.0m | $78.8m | $96.6m | $123.2m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Income Taxes Paid, Net | — | — | — | — | — | — | — | — | — | $36.8m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.