← KENNAMETAL 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 | ($226.0m) | $49.1m | $200.2m | $241.9m | ($5.7m) | $54.4m | $144.6m | $118.5m | $109.3m | $93.1m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($223.9m) | $52.0m | $205.1m | $247.9m | ($5.0m) | $58.4m | $150.2m | $123.4m | $113.6m | $98.7m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $2.1m | $2.8m | $4.9m | $6.0m | $614k | $4.0m | $5.6m | $4.9m | $4.3m | $5.6m | |
| Depreciation, Depletion and Amortization | $117.5m | $107.7m | $108.7m | $112.1m | $119.9m | $126.5m | $131.7m | $134.0m | $134.7m | $136.5m | |
| Amortization of Intangible Assets | $20.8m | $16.6m | $14.7m | $14.4m | $13.8m | $14.0m | $13.0m | $12.6m | $11.6m | $10.8m | |
| Depreciation | $96.7m | $91.1m | $94.0m | $97.6m | $106.0m | $112.5m | $118.7m | $121.4m | $123.1m | $125.7m | |
| Deferred Income Tax Expense (Benefit) | $8.3m | $6.3m | $22.9m | $2.8m | ($23.9m) | ($21.2m) | $11.3m | ($9.2m) | ($8.0m) | ($13.1m) | |
| Share-based Payment Arrangement, Noncash Expense | $18.1m | $21.1m | $20.8m | $22.8m | $16.0m | $24.8m | $21.0m | $24.7m | $24.3m | $22.1m | |
| Goodwill and Intangible Asset Impairment | — | — | $0 | $0 | $30.2m | — | — | — | — | — | |
| Goodwill, Impairment Loss | ($105.7m) | $0 | — | — | $26.8m | — | — | — | — | — | |
| Restructuring Costs and Asset Impairment Charges | $143.8m | $65.0m | $11.9m | $14.1m | $68.2m | $29.1m | ($1.2m) | $4.1m | $12.2m | $11.8m | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | ($6.5m) | — | — | — | — | — | |
| Gain (Loss) on Disposition of Business | ($131.5m) | $0 | $0 | — | ($6.5m) | — | $1.0m | $0 | $0 | ($1.5m) | |
| Income Tax Expense (Benefit) | $25.3m | $29.9m | $70.0m | $63.4m | $7.0m | $6.2m | $56.5m | $36.3m | $30.8m | $33.3m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $26.5m | $24.9m | |
| Other Nonoperating Income (Expense) | $4.1m | ($2.2m) | ($2.4m) | $15.4m | $14.9m | $8.9m | $14.5m | ($4.3m) | $699k | $13.8m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | ($32.7m) | $7.6m | $22.2m | ($17.3m) | ($128.7m) | $53.3m | $14.4m | $11.5m | $2.6m | ($9.1m) | |
| Increase (Decrease) in Inventories | ($69.6m) | $24.3m | $37.2m | $53.4m | ($28.2m) | ($61.3m) | $127.4m | ($17.6m) | ($36.8m) | $17.4m | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($1.6m) | $6.7m | $6.4m | $2.7m | $3.4m | $3.3m | $2.5m | $3.9m | $4.1m | $1.3m | |
| Gain (Loss) on Sale of Properties | — | — | $4.7m | ($4.8m) | — | — | — | $2.5m | $600k | — | |
| Goodwill | $298.5m | $301.4m | $301.8m | $300.0m | $270.6m | $277.6m | $264.2m | $269.6m | $271.6m | $282.7m | |
| Operating Costs and Expenses | — | — | — | — | — | — | — | — | $400k | $200k | |
| Operating Expenses | $495.0m | $463.2m | $498.2m | $474.2m | $388.4m | $407.2m | $419.1m | $437.3m | $433.2m | $430.8m | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | $1.6m | ($1.6m) | ($3.7m) | ($1.3m) | ($679k) | $401k | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $219.3m | $192.2m | $277.3m | $300.5m | $223.7m | $235.7m | $181.4m | $257.9m | $277.1m | $208.3m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $110.7m | $118.0m | $171.0m | $212.3m | $244.2m | $127.3m | $96.9m | $94.4m | $107.6m | $89.0m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | — | — | $4.0m | $0 | |
| Payments for (Proceeds from) Other Investing Activities | ($659k) | ($247k) | $225k | $381k | $757k | $47k | ($60k) | ($126k) | $3.3m | $5.2m | |
| Net Cash Provided by (Used in) Investing Activities | ($47.9m) | ($112.7m) | ($156.9m) | ($201.5m) | ($218.3m) | ($123.0m) | ($94.9m) | ($89.2m) | ($109.4m) | ($61.8m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $50.1m | $25.3m | $295.9m | $0 | $0 | $297.9m | $0 | $0 | — | — | |
| Repayments of Long-term Debt | $94.6m | $25.9m | $190k | $400.0m | $0 | $300.0m | $0 | $0 | — | — | |
| Payments for Repurchase of Common Stock | $295k | $241k | $217k | $214k | $209k | $197k | $85.5m | $49.3m | $65.6m | $60.1m | |
| Payments of Ordinary Dividends, Common Stock | $63.7m | $64.1m | $65.1m | $65.7m | $66.3m | $66.7m | $66.6m | $64.5m | $63.4m | $61.9m | |
| Proceeds from (Payments for) Other Financing Activities | ($181k) | ($6.3m) | ($1.6m) | $161k | ($2.8m) | ($7.2m) | ($4.7m) | ($3.0m) | ($3.5m) | ($4.4m) | |
| Net Cash Provided by (Used in) Financing Activities | ($110.5m) | ($50.1m) | $247.2m | ($471.4m) | $425.5m | ($574.2m) | ($150.7m) | ($143.1m) | ($141.7m) | ($133.9m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | — | ($5.2m) | ($4.0m) | ($11k) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | — | — | ($68.5m) | $20.4m | $21.9m | $12.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | $85.6m | $106.0m | $128.0m | $140.5m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $26.2m | $27.5m | $27.9m | $30.3m | $25.8m | $43.6m | $25.3m | $28.2m | $26.4m | $24.8m | |
| Income Taxes Paid, Net | $43.7m | $16.8m | $36.0m | $51.5m | $36.9m | $48.9m | $36.1m | $43.7m | $48.5m | $58.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.