← MANITOWOC CO 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 | ($375.8m) | $9.4m | ($67.1m) | $46.6m | ($19.1m) | $11.0m | ($123.6m) | $39.2m | $55.8m | $7.2m | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($375.8m) | $9.4m | ($67.1m) | $46.6m | ($19.1m) | $11.0m | ($123.6m) | $39.2m | $55.8m | $7.2m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($375.8m) | — | ($67.1m) | $46.6m | ($19.1m) | $11.0m | ($123.6m) | $39.2m | $55.8m | $7.2m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | ($368.6m) | $10.0m | ($66.9m) | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($368.6m) | $10.0m | ($66.9m) | $46.6m | ($19.1m) | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | ($7.2m) | ($600k) | ($200k) | — | — | — | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $0 | — | — | — | — | — | — | — | — | — | |
| Depreciation, Depletion and Amortization | $45.6m | $38.1m | $36.1m | $35.0m | $37.2m | $45.5m | $60.6m | $56.6m | $59.8m | $59.9m | |
| Amortization of Debt Issuance Costs | $2.2m | $1.9m | $1.8m | $1.5m | $1.5m | $1.5m | $1.4m | $1.3m | $1.4m | $1.5m | |
| Amortization of Intangible Assets | $3.0m | $800k | $300k | $300k | $300k | $1.4m | $3.1m | $3.2m | $2.9m | $3.1m | |
| Depreciation | $45.6m | $38.1m | $36.1m | $35.0m | $37.2m | $45.5m | $60.6m | $56.6m | $60.0m | $59.9m | |
| Deferred Income Tax Expense (Benefit) | $101.4m | ($44.1m) | ($11.1m) | $1.5m | $4.8m | ($600k) | $4.2m | ($6.0m) | ($55.6m) | ($6.2m) | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | — | — | $7.1m | $8.5m | $11.5m | $10.9m | $9.5m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | $6.0m | — | — | — | — | — | |
| Goodwill and Intangible Asset Impairment | — | — | — | $0 | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | $166.5m | — | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($1.1m) | ($100k) | ($900k) | $3.5m | $0 | ($200k) | $900k | $0 | $0 | $600k | |
| Gain (Loss) on Extinguishment of Debt | ($76.3m) | $0 | $0 | ($25.0m) | $0 | $0 | $0 | $0 | ($1.1m) | $0 | |
| Income Tax Expense (Benefit) | $100.5m | ($49.5m) | ($4.8m) | $12.4m | $17.1m | $6.1m | $3.4m | $5.0m | ($44.1m) | $5.2m | |
| Other Nonoperating Income (Expense) | $3.3m | $500k | ($11.5m) | $9.8m | ($10.0m) | $1.0m | $5.8m | ($13.0m) | ($400k) | ($2.2m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | ($18.4m) | $32.7m | $553.4m | $124.2m | $37.7m | $5.2m | $36.4m | $9.3m | ($9.0m) | $9.1m | |
| Increase (Decrease) in Inventories | ($52.7m) | ($55.6m) | $72.7m | $18.3m | ($8.3m) | $68.3m | $42.0m | $46.7m | ($21.4m) | $11.6m | |
| Increase (Decrease) in Accounts Payable | ($105.8m) | $27.1m | $56.5m | ($59.7m) | ($20.1m) | $62.9m | $40.4m | ($28.5m) | ($39.1m) | $21.7m | |
| Foreign Currency Transaction Gain (Loss), Unrealized | — | — | — | — | — | ($700k) | $3.2m | $4.5m | $0 | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | $24.4m | — | — | — | — | — | — | |
| Goodwill | $299.6m | $321.3m | $232.8m | $232.5m | $235.1m | $249.7m | $80.1m | $79.6m | $77.8m | $79.6m | |
| Nonoperating Income (Expense) | ($114.8m) | ($40.6m) | ($52.4m) | ($49.4m) | ($40.6m) | ($29.4m) | ($27.2m) | ($48.2m) | ($40.1m) | ($41.4m) | |
| Proceeds from Contributions from Affiliates | $1.4b | $0 | — | — | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | — | — | — | — | — | — | $100k | $300k | $0 | $0 | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | — | — | — | — | — | — | $2.2b | $2.2b | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | — | — | — | — | $900k | — | — | — | — | |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | $0 | — | — | — | — | — | — | — | — | — | |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax | ($7.2m) | ($600k) | ($200k) | $0 | $0 | — | — | — | — | — | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | — | — | — | — | — | — | $5.4m | — | — | — | |
| Other Operating Income (Expense), Net | ($2.6m) | ($100k) | $0 | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | ($172.3m) | $77.9m | ($513.0m) | ($53.3m) | ($35.1m) | $76.2m | $76.9m | $63.0m | $49.2m | $22.2m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $45.9m | $28.9m | $31.7m | $35.1m | $26.3m | $40.4m | $61.8m | $77.4m | $45.7m | $37.5m | |
| Payments for (Proceeds from) Other Investing Activities | $1.6m | ($600k) | — | — | — | — | — | — | ($500k) | $0 | |
| Net Cash Provided by (Used in) Investing Activities | ($41.5m) | ($21.3m) | $534.4m | $108.4m | ($25.8m) | ($226.3m) | ($58.0m) | ($71.8m) | ($40.4m) | ($49.5m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $272.1m | $200k | — | $300.0m | $0 | $0 | $0 | $0 | $300.0m | $0 | |
| Repayments of Long-term Debt | $1.4b | $10.9m | $3.8m | $276.6m | — | $0 | — | — | $300.0m | $0 | |
| Payments for Repurchase of Common Stock | — | — | — | $7.4m | $12.0m | $0 | $3.0m | $5.5m | $5.7m | $0 | |
| Payments of Ordinary Dividends, Common Stock | $0 | $0 | — | — | — | — | — | $0 | $0 | $0 | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | — | — | — | ($7.5m) | ($5.8m) | |
| Net Cash Provided by (Used in) Financing Activities | $219.4m | ($9.7m) | ($1.3m) | $3.7m | ($14.8m) | $100.9m | ($29.9m) | ($21.4m) | $6.7m | $54.8m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $900k | $2.4m | $17.3m | $59.0m | ($70.6m) | ($53.3m) | ($11.0m) | ($30.0m) | $13.6m | $29.3m | |
| Cash, Cash Equivalents, and Short-term Investments | — | — | $140.3m | — | — | — | — | — | — | — | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $49.6m | $37.0m | $36.8m | $36.0m | $28.8m | $28.9m | $30.8m | $34.0m | $36.6m | $37.5m | |
| Income Taxes Paid, Net | $8.9m | ($7.6m) | $2.6m | $10.5m | $13.6m | ($3.7m) | $7.3m | ($10.1m) | $12.9m | $7.5m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.