← JBT MAREL 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 | — | — | — | — | — | — | $103.8m | $129.3m | $84.6m | ($49.7m) | |
| Net Income (Loss) Attributable to Parent | $67.6m | $80.5m | $104.1m | $129.0m | $108.8m | $118.4m | $130.7m | $582.6m | $85.4m | ($50.5m) | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $68.0m | $82.1m | $104.4m | $129.3m | $108.8m | $118.4m | $103.8m | $129.3m | $84.6m | ($49.7m) | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $68.0m | $82.1m | $104.4m | $129.3m | $108.8m | $118.4m | $103.8m | $129.3m | $84.6m | ($49.7m) | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | ($400k) | ($1.6m) | ($300k) | ($300k) | $0 | $0 | $33.6m | $453.3m | $800k | ($800k) | |
| Depreciation, Depletion and Amortization | $38.5m | $51.7m | $57.7m | $65.6m | $71.8m | $76.8m | $81.1m | $30.8m | $31.6m | $266.2m | |
| Amortization | $13.1m | $22.0m | $25.9m | $33.9m | $38.0m | $41.9m | $47.7m | $60.5m | $57.8m | $178.8m | |
| Amortization of Debt Issuance Costs | — | — | — | — | — | — | $2.2m | $2.2m | $0 | — | |
| Amortization of Intangible Assets | $10.9m | $19.6m | $22.3m | $30.1m | $34.6m | $38.2m | $43.2m | $46.1m | $44.6m | $151.9m | |
| Capitalized Computer Software, Amortization | — | — | — | — | — | — | $4.5m | $14.4m | $13.2m | $26.9m | |
| Depreciation | $25.4m | $29.7m | $31.8m | $31.7m | $33.8m | $34.9m | $33.4m | $30.8m | $31.6m | $87.4m | |
| Amortization Cash Flow | — | — | — | — | — | — | $45.6m | $60.5m | $57.8m | $178.8m | |
| Amortization Of Intangibles | — | — | — | — | — | — | $45.6m | $60.5m | $57.8m | $178.8m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $76.2m | $91.3m | $89.4m | $266.2m | |
| Deferred Income Tax Expense (Benefit) | ($100k) | $18.3m | $4.8m | $19.8m | $9.8m | ($2.7m) | ($25.8m) | ($21.6m) | ($25.8m) | ($79.6m) | |
| Deferred Income Tax | — | — | — | — | — | — | ($19.1m) | ($21.6m) | ($25.8m) | ($79.6m) | |
| Deferred Tax | — | — | — | — | — | — | ($19.1m) | ($21.6m) | ($25.8m) | ($79.6m) | |
| Share-based Payment Arrangement, Noncash Expense | $9.9m | $9.0m | $9.7m | $9.4m | $1.9m | $6.5m | $10.2m | $11.4m | $14.7m | $23.2m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $2.6m | $10.5m | $11.3m | $6.8m | $2.2m | $2.2m | $1.3m | $1.7m | $3.0m | $8.3m | |
| Share-based Payment Arrangement, Expense | $9.9m | $9.0m | $9.7m | $9.4m | $1.9m | $6.5m | $10.2m | $11.4m | $14.7m | $23.2m | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Restructuring Costs and Asset Impairment Charges | $100k | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Equity Method Investments | — | — | — | — | — | — | — | ($300k) | ($100k) | ($400k) | |
| Income Tax Expense (Benefit) | $26.0m | $50.1m | $24.6m | $37.6m | $36.7m | $34.3m | $23.5m | $23.5m | $10.7m | ($13.1m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Inventories | $2.9m | $23.7m | $7.5m | $5.7m | ($44.0m) | $37.9m | $69.0m | ($26.9m) | ($3.7m) | $53.9m | |
| Increase (Decrease) in Accounts Payable | $16.1m | $8.5m | $35.8m | ($3.7m) | ($61.0m) | $39.6m | $47.8m | ($32.1m) | $600k | ($16.3m) | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($1.6m) | ($600k) | ($1.6m) | ($2.2m) | ($1.0m) | ($1.0m) | ($300k) | $600k | ($45.0m) | ($6.8m) | |
| Goodwill | $239.5m | $301.8m | $321.4m | $528.9m | $543.9m | $684.8m | $807.8m | $779.5m | $769.1m | $3.4b | |
| Investment Income, Interest | $1.6m | — | — | — | — | — | — | — | — | — | |
| Operating Expenses | $64.3m | $57.6m | — | — | — | — | — | — | — | — | |
| Pension Cost (Reversal of Cost) | — | — | $900k | $2.5m | $3.7m | ($1.3m) | $0 | $700k | $27.3m | $148.5m | |
| Restructuring Costs | — | — | — | — | — | — | — | — | — | $30.7m | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | — | $500k | ($3.9m) | ($1.7m) | ($1.1m) | ($100k) | |
| Beginning Cash Position | — | — | — | — | — | — | $78.8m | $73.1m | $483.3m | $1.2b | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $270.6m | ($354.1m) | $561.8m | $458.1m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($413.2m) | $729.3m | ($41.3m) | ($1.8b) | |
| Cash Flow From Discontinued Operation | — | — | — | — | — | — | $4.2m | ($38.0m) | $1.0m | $0 | |
| Change In Account Payable | — | — | — | — | — | $32.0m | $29.1m | ($32.1m) | — | — | |
| Change In Accrued Expense | — | — | — | — | — | — | ($3.5m) | ($12.1m) | ($3.2m) | ($5.1m) | |
| Change In Inventory | — | — | — | — | — | — | ($47.3m) | $26.9m | $3.7m | ($53.9m) | |
| Change In Other Working Capital | — | — | — | — | — | — | $5.1m | ($105.7m) | $44.6m | $35.3m | |
| Change In Payable | — | — | — | — | — | — | $29.1m | ($32.1m) | $600k | ($16.3m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $25.6m | ($44.2m) | ($2.6m) | ($21.4m) | |
| Change In Receivables | — | — | — | — | — | — | ($28.2m) | ($21.6m) | ($59.2m) | $13.7m | |
| Change In Working Capital | — | — | — | — | — | — | ($44.8m) | ($144.6m) | ($13.5m) | ($26.3m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($28.2m) | ($21.6m) | ($59.2m) | $13.7m | |
| Changes In Cash | — | — | — | — | — | — | ($3.2m) | $411.4m | $754.1m | ($1.0b) | |
| End Cash Position | — | — | — | — | — | — | $71.7m | $483.3m | $1.2b | $186.5m | |
| Financing Cash Flow | — | — | — | — | — | — | $270.6m | ($354.1m) | $561.8m | $458.1m | |
| Free Cash Flow | — | — | — | — | — | — | $50.6m | $19.1m | $194.7m | $238.1m | |
| Investing Cash Flow | — | — | — | — | — | — | ($413.2m) | $729.3m | ($41.3m) | ($1.8b) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($329.7m) | $782.3m | ($4.8m) | ($1.7b) | |
| Operating Gains Losses | — | — | — | — | — | — | $1.7m | $1.8m | $70.9m | $148.4m | |
| Other Cash Adjustment Outside Changein Cash | — | — | — | — | — | — | ($1.4m) | $0 | $0 | $0 | |
| Other Non Cash Items | — | — | — | — | — | — | $8.5m | $6.6m | $12.3m | $59.5m | |
| Pension And Employee Benefit Expense | — | — | — | — | — | — | $1.7m | $1.8m | $28.5m | $148.4m | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $0 | $0 | $0 | $51.1m | |
| Purchase Of Business | — | — | — | — | — | — | ($329.7m) | ($10.5m) | ($4.8m) | ($1.7b) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($7.7m) | ($5.1m) | $0 | $0 | |
| Sale Of Business | — | — | — | — | — | $0 | $0 | $792.8m | — | — | |
| Stock Based Compensation | — | — | — | — | — | — | $8.9m | $11.4m | $14.7m | $23.2m | |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | $400k | $1.6m | $300k | $300k | $0 | $0 | $33.6m | $443.7m | $800k | ($800k) | |
| Other Operating Income (Expense), Net | ($4.7m) | ($100k) | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $67.4m | $104.6m | $153.9m | $110.2m | $252.0m | $225.7m | $142.3m | $74.2m | $232.6m | $341.7m | |
| Cash flows from investing activities: | |||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($84.6m) | ($55.1m) | ($37.9m) | ($103.6m) | |
| Capital Expenditure Reported | $37.1m | $37.9m | $39.8m | $37.9m | $34.3m | $54.1m | ($84.6m) | ($55.1m) | ($37.9m) | ($103.6m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $232.0m | $104.2m | $57.5m | $365.9m | $4.5m | $224.5m | $329.7m | $100k | $0 | $1.7b | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $0 | $0 | $0 | $0 | |
| Purchase Of Investment | — | — | — | — | — | — | $0 | ($125.0m) | $0 | $0 | |
| Sale Of Investment | — | — | — | — | — | — | $0 | $125.0m | $0 | $0 | |
| Net Other Investing Changes | — | — | — | — | — | — | $1.1m | $2.1m | $1.4m | $6.6m | |
| Net Cash Provided by (Used in) Investing Activities | ($266.8m) | ($139.9m) | ($94.4m) | ($401.7m) | ($37.3m) | ($272.9m) | ($416.1m) | $729.3m | ($41.3m) | ($1.8b) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $149.5m | $0 | $0 | $0 | — | — | — | — | — | — | |
| Issuance Of Debt | — | — | — | — | — | — | $400k | $687.1m | $605.2m | $3.0b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $0 | $687.1m | $605.2m | $3.0b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $292.7m | ($340.3m) | $605.2m | $597.6m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $292.3m | ($339.6m) | $605.2m | $596.4m | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | $400k | ($700k) | $0 | $1.2m | |
| Short Term Debt Issuance | — | — | — | — | — | $83.1m | $400k | — | $0 | — | |
| Repayments of Long-term Debt | $2.0m | $1.5m | $0 | $0 | — | — | — | — | — | $6.8m | |
| Long Term Debt Payments | — | — | — | — | — | — | — | ($1.0b) | $0 | ($2.4b) | |
| Repayment Of Debt | — | — | — | — | — | ($2.5m) | — | ($1.0b) | $0 | ($2.4b) | |
| Short Term Debt Payments | — | — | — | — | — | ($2.5m) | — | ($340.3m) | — | — | |
| Proceeds from Issuance of Common Stock | — | $184.1m | $0 | $0 | — | — | — | — | — | ($2.5b) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($7.7m) | ($5.1m) | $0 | $0 | |
| Payments for Repurchase of Common Stock | $4.3m | $5.0m | $20.0m | $0 | $0 | $0 | $7.7m | $5.1m | $0 | $0 | |
| Common Stock Payments | — | — | — | — | — | — | ($7.7m) | ($5.1m) | $0 | $0 | |
| Dividends paid | $11.8m | $12.7m | $13.1m | $12.7m | $12.8m | $12.8m | $13.1m | $12.8m | $13.1m | $20.9m | |
| Cash Dividends Paid | — | — | — | — | — | — | ($13.1m) | ($12.8m) | ($13.1m) | ($20.9m) | |
| Common Stock Dividend Paid | — | — | — | — | — | ($12.8m) | ($13.1m) | ($12.8m) | ($13.1m) | — | |
| Proceeds from (Payments for) Other Financing Activities | ($3.0m) | ($5.3m) | ($10.0m) | ($4.5m) | $0 | — | — | — | ($1.1m) | ($2.3m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($1.3m) | $4.1m | ($30.3m) | ($169.7m) | |
| Net Cash Provided by (Used in) Financing Activities | $194.9m | $34.7m | ($48.3m) | $287.5m | ($207.4m) | $80.8m | $270.6m | ($354.1m) | $561.8m | $458.1m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | $700k | ($2.3m) | ($2.5m) | ($1.2m) | ($9.0m) | $1.4m | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($2.5m) | ($1.2m) | ($9.0m) | $1.4m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | $8.0m | $31.3m | ($5.7m) | $410.2m | $745.1m | ($1.0b) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | $47.5m | $78.8m | $73.1m | $483.3m | $1.2b | $186.5m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($5.7m) | $410.2m | $745.1m | ($1.0b) | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $10.4m | $13.1m | $16.0m | $21.9m | $14.2m | $10.0m | $14.6m | $20.7m | $7.5m | $99.5m | |
| Income Taxes Paid, Net | — | — | — | — | — | $36.4m | $27.9m | $180.3m | $33.2m | $68.7m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.