← MODINE MANUFACTURING CO

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Net earnings $14.9m $23.8m $85.9m ($2.0m) ($209.5m) $86.3m $153.6m $163.4m $185.5m $123.3m
Net Income — — — — — — $153.1m $161.5m $184.0m $121.5m
Net Income From Continuing Operations — — — — — — $153.6m $163.4m $185.5m $123.3m
Depreciation and amortization $58.3m $76.7m $76.9m $77.1m $68.6m $54.8m $54.5m $56.1m $77.7m $79.7m
Amortization Cash Flow — — — — — — $8.0m $9.2m $27.4m $21.0m
Amortization Of Intangibles — — — — — — $8.0m $9.2m $27.4m $21.0m
Depreciation Amortization Depletion — — — — — — $54.5m $56.1m $77.7m $79.7m
Deferred income taxes ($4.6m) $12.1m ($4.4m) $1.0m $67.9m ($3.8m) ($59.6m) $6.2m $6.5m ($39.1m)
Deferred Income Tax — — — — — — ($59.6m) $6.2m $6.5m ($39.1m)
Deferred Tax — — — — — — ($59.6m) $6.2m $6.5m ($39.1m)
Impairment charge — — $400k $8.6m $166.8m — — $0 $0 $4.1m
Asset Impairment Charge — — — — — — $0 $0 $0 $4.1m
Loss (gain) on sale of assets ($2.0m) $0 $1.7m ($800k) $0 $6.6m $0 ($4.0m) $0 $3.9m
Pension termination charge — — — — — — — $0 $0 $116.1m
Stock-based compensation expense $7.4m $9.5m $7.9m $6.6m $6.3m $5.7m $6.6m $10.8m $26.4m $22.1m
Other - net ($400k) $2.7m ($3.4m) ($3.1m) $3.0m ($500k) $1.3m ($1.9m) $900k $3.2m
Trade accounts receivable ($25.7m) ($26.1m) ($15.3m) $36.6m ($17.1m) ($55.6m) ($40.7m) ($8.3m) ($61.2m) ($222.6m)
Inventories ($3.3m) ($12.5m) ($22.0m) ($12.0m) ($5.0m) ($70.7m) ($49.4m) ($17.3m) $13.6m ($125.1m)
Accounts payable $19.9m $25.2m $16.6m ($37.7m) $44.0m $55.1m $10.2m ($59.1m) $10.5m $151.1m
Accrued compensation and employee benefits ($6.5m) $16.4m ($10.1m) ($15.2m) $15.7m $9.8m $6.4m $15.2m $1.6m ($13.5m)
Increase (decrease) in contract liabilities — — — — — — $10.3m $58.3m ($44.5m) $159.0m
Other assets ($2.5m) ($5.4m) ($11.8m) $14.7m $27.5m ($2.4m) $19.6m $12.0m $15.3m ($2.9m)
Other liabilities ($18.2m) ($7.4m) ($27.8m) ($24.6m) ($21.7m) ($21.7m) $1.5m $33.5m ($25.0m) ($14.4m)
Purchase of TMGcore, Inc. technology and related assets (see Note 2) — — — — — $0 $0 ($12.0m) $0 $0
Proceeds from (payments for) disposition of assets — — — $6.2m $700k ($7.6m) $300k ($800k) $800k $800k
Borrowings of debt $559.1m $171.0m $231.2m $692.4m $32.7m $351.8m $374.3m $332.5m $414.5m $829.6m
(Repayments) borrowings on bank overdrafts - net — — ($100k) $1.2m $3.6m ($4.3m) $3.0m $6.3m ($700k) ($5.0m)
Purchases of treasury stock $0 $0 ($600k) ($2.4m) $0 $0 ($7.3m) ($13.3m) ($30.9m) ($7.0m)
Beginning Cash Position — — — — — — $45.4m $67.2m $60.3m $71.9m
Cash Flow From Continuing Financing Activities — — — — — — ($33.3m) $62.7m ($113.6m) $73.1m
Cash Flow From Continuing Investing Activities — — — — — — ($50.4m) ($283.4m) ($86.6m) ($321.3m)
Change In Account Payable — — — — — — $10.2m ($59.1m) $10.5m $151.1m
Change In Accrued Expense — — — — — — $6.4m $15.2m $1.6m ($13.5m)
Change In Inventory — — — — — — ($49.4m) ($17.3m) $13.6m ($125.1m)
Change In Other Current Assets — — — — — — $19.6m $12.0m $15.3m ($2.9m)
Change In Other Current Liabilities — — — — — — ($8.8m) ($24.8m) ($25.0m) ($14.4m)
Change In Other Working Capital — — — — — — $10.3m $58.3m ($44.5m) $159.0m
Change In Payable — — — — — — $10.2m ($59.1m) $10.5m $151.1m
Change In Payables And Accrued Expense — — — — — — $16.6m ($43.9m) $12.1m $137.6m
Change In Receivables — — — — — — ($40.7m) ($8.3m) ($61.2m) ($222.6m)
Change In Working Capital — — — — — — ($52.4m) ($24.0m) ($89.7m) ($68.4m)
Changes In Account Receivables — — — — — — ($40.7m) ($8.3m) ($61.2m) ($222.6m)
Changes In Cash — — — — — — $23.8m ($6.1m) $13.1m $500k
End Cash Position — — — — — — $67.2m $60.3m $71.9m $73.7m
Financing Cash Flow — — — — — — ($33.3m) $62.7m ($113.6m) $73.1m
Free Cash Flow — — — — — — $56.8m $126.9m $129.3m $105.4m
Investing Cash Flow — — — — — — ($50.4m) ($283.4m) ($86.6m) ($321.3m)
Net Business Purchase And Sale — — — — — — $0 ($198.2m) ($3.4m) ($182.4m)
Operating Gains Losses — — — — — $6.6m — ($4.0m) — $120.0m
Other Non Cash Items — — — — — — $4.8m $6.1m $6.9m $7.0m
Pension And Employee Benefit Expense — — — — — — — $0 $0 $116.1m
Purchase Of Business — — — — — — $0 ($198.2m) ($3.4m) ($182.4m)
Repurchase Of Capital Stock — — — — — — ($9.0m) ($17.7m) ($30.9m) ($7.0m)
Stock Based Compensation — — — — — — $6.6m $10.8m $26.4m $22.1m
Net cash provided by operating activities $41.6m $123.8m $103.3m $57.9m $149.8m $11.5m $107.5m $214.6m $213.3m $248.7m
Expenditures for property, plant and equipment ($64.4m) ($71.0m) ($73.9m) ($71.3m) ($32.7m) ($40.3m) ($50.7m) ($87.7m) ($84.0m) ($143.3m)
Capital Expenditure — — — — — — ($50.7m) ($87.7m) ($84.0m) ($143.3m)
Capital Expenditure Reported — $71.0m $73.9m $71.3m $32.7m $40.3m ($50.7m) ($87.7m) ($84.0m) ($143.3m)
Payments for business acquisitions, net of cash acquired ($364.2m) $0 $0 — — $0 $0 ($186.2m) ($3.4m) ($182.4m)
Net Investment Purchase And Sale — — — — — ($300k) $0 $3.3m — —
Purchase Of Investment — — — — — ($3.9m) ($3.4m) $0 — —
Sale Of Investment — — — — — $3.6m $3.4m $3.3m — —
Net Other Investing Changes — — — — — — $300k $2.5m $800k $4.4m
Net cash used for investing activities ($422.2m) ($71.6m) ($72.8m) ($60.5m) ($31.3m) ($51.0m) ($50.4m) ($283.4m) ($86.6m) ($321.3m)
Issuance Of Debt — — — — — — $374.3m $332.5m $414.5m $829.6m
Long Term Debt Issuance — — — — — — $374.3m $332.5m $414.5m $829.6m
Net Issuance Payments Of Debt — — — — — — ($26.1m) $78.4m ($82.5m) $78.7m
Net Long Term Debt Issuance — — — — — — ($29.1m) $72.1m ($81.8m) $83.7m
Net Short Term Debt Issuance — — — — — — $3.0m $6.3m ($700k) ($5.0m)
Repayments of debt ($202.4m) ($222.9m) ($251.9m) ($649.5m) ($183.6m) ($306.7m) ($403.4m) ($260.4m) ($496.3m) ($745.9m)
Long Term Debt Payments — — — — — — ($403.4m) ($260.4m) ($496.3m) ($745.9m)
Repayment Of Debt — — — — — — ($403.4m) ($260.4m) ($496.3m) ($745.9m)
Net Common Stock Issuance — — — — — — ($9.0m) ($17.7m) ($30.9m) ($7.0m)
Common Stock Payments — — — — — — ($9.0m) ($17.7m) ($30.9m) ($7.0m)
Dividends paid to noncontrolling interest $0 ($900k) ($1.8m) ($1.3m) $0 ($900k) ($600k) ($500k) ($1.1m) ($1.8m)
Net Other Financing Charges — — — — — — $1.8m $2.0m ($200k) $1.4m
Net cash provided by (used for) financing activities $347.6m ($50.1m) ($25.9m) $33.3m ($145.1m) $39.2m ($33.3m) $62.7m ($113.6m) $73.1m
Effect of exchange rate changes on cash ($1.7m) $3.0m ($2.7m) ($1.6m) $1.4m ($400k) ($2.0m) ($800k) ($1.5m) $1.3m
Effect Of Exchange Rate Changes — — — — — — ($2.0m) ($800k) ($1.5m) $1.3m
Net increase (decrease) in cash, cash equivalents and restricted cash ($34.6m) $5.5m $1.9m $29.1m ($25.2m) ($700k) $21.8m ($6.9m) $11.6m $1.8m
Cash, cash equivalents and restricted cash - beginning of period $34.8m $40.3m $42.2m $71.3m $46.1m $45.4m $67.2m $60.3m $71.9m $73.7m
Change In Cash Supplemental As Reported — — — — — — $21.8m ($6.9m) $11.6m $1.8m
Income Tax Paid Supplemental Data — — — — — — $31.9m $45.1m $53.9m $75.8m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.