← Mueller Water Products, 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 From Continuing Operations — — — — — — $76.6m $85.5m $115.9m $191.7m
Net Income (Loss) Attributable to Parent $63.9m $123.3m $105.6m $63.8m $72.0m $70.4m $76.6m $85.5m $115.9m $191.7m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $63.6m $123.2m $106.0m $64.5m $72.0m $70.4m $76.6m — — —
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent — $54.3m $105.6m $63.8m — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent — $69.0m $0 $0 — — — — — —
Depreciation, Depletion and Amortization $52.6m $41.9m $43.7m $53.0m $57.8m $59.6m $60.5m $34.4m $66.2m $46.9m
Amortization $24.3m $22.1m $22.8m $27.0m $28.2m $28.2m $28.5m $28.1m $27.1m $7.2m
Amortization of Debt Issuance Costs $1.9m $1.8m $1.6m $1.2m $1.2m $1.1m $1.0m $0 $1.0m $1.0m
Depreciation $28.3m $19.8m $20.9m $26.0m $29.6m $31.4m $32.0m $34.4m $39.1m $39.7m
Amortization Cash Flow — — — — — — $28.5m $28.1m $27.1m $7.2m
Amortization Of Intangibles — — — — — — $28.5m $28.1m $27.1m $7.2m
Depreciation Amortization Depletion — — — — — — $60.5m $62.5m $66.2m $46.9m
Deferred Income Tax Expense (Benefit) ($7.5m) ($5.7m) ($43.3m) $1.3m $7.2m ($5.3m) ($3.5m) — ($21.5m) ($7.0m)
Deferred Income Tax — — — — — — ($3.5m) ($14.4m) ($21.5m) ($7.0m)
Deferred Tax — — — — — — ($3.5m) ($14.4m) ($21.5m) ($7.0m)
Share-based Payment Arrangement, Noncash Expense $5.2m $6.0m $5.2m $4.3m $5.3m $8.1m $8.7m — $9.0m $10.7m
Payment, Tax Withholding, Share-based Payment Arrangement $3.3m $2.7m $2.1m $1.3m $900k $1.0m $1.8m — $2.0m $4.8m
Share-based Payment Arrangement, Expense $9.1m $8.6m $6.4m $5.5m $7.2m $11.0m $9.9m — $14.1m $15.1m
Gain (Loss) on Sale of Assets and Asset Impairment Charges $2.5m — — $2.5m $0 $0 $0 ($4.0m) $500k ($200k)
Goodwill, Impairment Loss — — — — — — $6.8m — $16.3m $0
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) — — — — — — — — $400k $0
Restructuring Costs and Asset Impairment Charges — — — — — — — — — —
Asset Impairment Charge — — — — — — $6.8m $0 $18.1m $1.0m
Gain (Loss) on Disposition of Assets — — — $2.5m $0 $0 $0 ($4.0m) ($500k) $200k
Gain (Loss) on Disposition of Property Plant Equipment — — $9.0m $2.5m $0 $0 — $900k $2.3m $2.8m
Gain (Loss) on Extinguishment of Debt $0 $0 ($6.5m) $0 $0 ($16.7m) $0 — — —
Income Tax Expense (Benefit) $33.1m $24.2m ($9.9m) $18.3m $22.1m $24.5m $22.0m — $47.5m $62.5m
Interest Expense Nonoperating — — — — — — — — $12.7m $6.6m
Operating Lease, Expense — — — — $6.3m $6.1m $5.8m — $6.9m $7.5m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $11.1m $9.9m $18.9m $1.4m $7.5m $29.9m $17.8m — ($8.4m) $2.4m
Increase (Decrease) in Inventories ($5.5m) $1.9m $18.4m $17.4m ($24.9m) $23.5m $98.3m — $8.0m $27.3m
Increase (Decrease) in Accounts Payable — — — ($11.0m) ($17.6m) $23.0m $32.2m — $6.8m $17.5m
Foreign Currency Transaction Gain (Loss), Realized — — — — — — — — — ($9.5m)
Goodwill $5.4m $12.9m $12.1m $95.7m $99.8m $115.1m $98.6m — $80.7m $89.2m
Inventory Write-down $2.1m $2.0m $2.2m $3.4m $4.7m $5.9m $1.8m — $13.3m $11.9m
Operating Expenses $243.7m $166.8m $168.2m $196.6m $211.4m $226.8m $252.7m — $277.3m $256.1m
Payments of Financing Costs $1.2m $1.0m $6.9m $0 $1.1m $6.0m $0 — $900k $0
Pension Expense (Reversal of Expense), Noncash — — $2.8m $2.0m $2.8m ($1.9m) ($2.6m) — $4.6m $500k
Restructuring Costs — — — — — $5.6m $5.6m — — —
Operating Cash Flow $145.1m $59.4m $133.1m $92.5m $140.3m $156.7m $52.3m $109.0m $238.8m $219.3m
Cash Flow From Continuing Operating Activities $145.1m $59.4m $133.1m $92.5m $140.3m $156.7m $52.3m $109.0m $238.8m $219.3m
Beginning Cash Position — — — — — — $227.5m $146.5m $160.3m $309.9m
Cash Flow From Continuing Financing Activities — — — — — — ($72.0m) ($48.8m) ($46.0m) ($58.3m)
Cash Flow From Continuing Investing Activities — — — — — — ($54.9m) ($42.1m) ($47.2m) ($47.1m)
Change In Account Payable — — — — — — $32.2m ($19.7m) $6.8m $17.5m
Change In Accrued Expense — — — — — $0 $0 — — —
Change In Inventory — — — — — — ($98.3m) ($19.9m) ($8.0m) ($27.3m)
Change In Other Current Assets — — — — — — $1.3m ($3.3m) ($7.7m) ($20.0m)
Change In Other Current Liabilities — — — — — — ($14.5m) ($2.8m) $41.0m $5.0m
Change In Payable — — — — — — $32.2m ($19.7m) $6.8m $17.5m
Change In Payables And Accrued Expense — — — — — — $32.2m ($19.7m) $6.8m $17.5m
Change In Receivables — — — — — — ($17.8m) $10.9m $8.4m ($2.4m)
Change In Working Capital — — — — — — ($97.1m) ($34.8m) $40.5m ($27.2m)
Changes In Cash — — — — — — ($74.6m) $18.1m $145.6m $113.9m
End Cash Position — — — — — — $146.5m $160.3m $309.9m $431.5m
Financing Cash Flow — — — — — — ($72.0m) ($48.8m) ($46.0m) ($58.3m)
Free Cash Flow — — — — — — ($2.4m) $61.4m $191.4m $172.0m
Investing Cash Flow — — — — — — ($54.9m) ($42.1m) ($47.2m) ($47.1m)
Issuance Of Capital Stock — — — — — — $2.0m $2.7m $7.7m $4.7m
Net Business Purchase And Sale — — — — — ($19.7m) ($200k) $0 $0 —
Operating Gains Losses — — — — — — ($2.6m) $400k $5.1m $300k
Other Non Cash Items — — — — — — $1.3m $900k $1.0m $900k
Pension And Employee Benefit Expense — — — — — — ($2.6m) $4.4m $4.6m $500k
Provisionand Write Offof Assets — — — — — — $1.6m $400k $4.5m $2.0m
Purchase Of Business — — — — — ($19.7m) ($200k) $0 $0 —
Repurchase Of Capital Stock — — — — — — ($35.0m) ($10.0m) ($10.0m) ($15.0m)
Stock Based Compensation — — — — — — $8.7m $8.5m $9.0m $10.7m
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement ($16.6m) $0 — — — — — — — —
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment — $0 $0 ($700k) $0 $0 — — — —
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax — $67.9m — — — — — — — —
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax — $1.1m — — — — — — — —
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax $0 $0 $1.5m — — — — — — —
Net Cash Provided by (Used in) Operating Activities $145.1m $59.4m $133.1m $92.5m $140.3m $156.7m $52.3m $109.0m $238.8m $219.3m
Cash flows from investing activities:
Capital Expenditure — — — — — — ($54.7m) ($47.6m) ($47.4m) ($47.3m)
Capital Expenditure Reported $39.4m $40.6m $55.7m $86.6m $67.7m $62.7m ($54.7m) ($47.6m) ($47.4m) ($47.3m)
Payments to Acquire Businesses, Net of Cash Acquired $0 $26.6m $0 $127.5m $0 $19.7m $200k — $0 —
Payments for (Proceeds from) Other Investing Activities — — — ($127.5m) ($127.5m) — — — — —
Net Other Investing Changes — — — — — $700k — $5.5m $200k $200k
Net Cash Provided by (Used in) Investing Activities ($39.1m) ($66.3m) ($47.9m) ($211.8m) ($67.5m) ($81.7m) ($54.9m) ($42.1m) ($47.2m) ($47.1m)
Cash flows from financing activities:
Issuance Of Debt — — — — — $450.0m $0 $0 — —
Long Term Debt Issuance — — — — — $450.0m $0 $0 — —
Net Issuance Payments Of Debt — — — — — — ($700k) ($1.1m) ($900k) ($1.3m)
Net Long Term Debt Issuance — — — — — — ($700k) ($1.1m) ($900k) ($1.3m)
Long Term Debt Payments — — — — — — ($700k) ($1.1m) ($900k) ($1.3m)
Repayment Of Debt — — — — — — ($700k) ($1.1m) ($900k) ($1.3m)
Proceeds from Issuance of Common Stock $3.3m $5.8m $7.3m $5.2m $3.5m $1.9m $2.0m — $7.7m $4.7m
Common Stock Issuance — — — — — — $2.0m $2.7m $7.7m $4.7m
Net Common Stock Issuance — — — — — — ($33.0m) ($7.3m) ($2.3m) ($10.3m)
Payments for Repurchase of Common Stock $0 $55.0m $30.0m $10.0m $5.0m $10.0m $35.0m — $10.0m $15.0m
Common Stock Payments — — — — — — ($35.0m) ($10.0m) ($10.0m) ($15.0m)
Proceeds from Noncontrolling Interests $0 — — — — — — — — —
Dividends paid $16.1m $24.0m $30.1m $32.0m $33.1m $34.8m $36.5m ($38.1m) $39.9m $41.9m
Cash Dividends Paid — — — — — — ($36.5m) ($38.1m) ($39.9m) ($41.9m)
Common Stock Dividend Paid — — — — — — ($36.5m) ($38.1m) ($39.9m) ($41.9m)
Proceeds from (Payments for) Other Financing Activities ($1.4m) $400k ($200k) $400k $400k ($400k) — — — —
Net Other Financing Charges — — — — — — ($1.8m) ($2.3m) ($2.9m) ($4.8m)
Net Cash Provided by (Used in) Financing Activities ($23.7m) ($81.4m) ($98.3m) ($50.9m) ($41.4m) ($58.8m) ($72.0m) ($48.8m) ($46.0m) ($58.3m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($400k) $1.2m ($1.5m) ($200k) $800k $2.4m ($6.4m) ($4.3m) $4.0m $7.7m
Effect Of Exchange Rate Changes — — — — — — ($6.4m) ($4.3m) $4.0m $7.7m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($400k) $1.2m ($1.5m) ($200k) $32.2m $18.6m ($81.0m) ($4.3m) $149.6m $121.6m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — — $146.5m — $309.9m $431.5m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($81.0m) $13.8m $149.6m $121.6m
Interest Paid, Excluding Capitalized Interest, Operating Activities — — — $22.2m $24.3m $25.3m $19.2m $15.1m $10.0m $5.5m
Income Taxes Paid, Net $36.9m $31.9m $10.7m $29.1m $15.3m $16.8m $26.9m $37.7m $74.4m $69.1m

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