← Envista Holdings Corp
| Annual Trend | 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 | — | — | — | — | — | $243.1m | ($100.2m) | ($1.1b) | $47.0m | |
| Net Income (Loss) Attributable to Parent | $301.1m | $230.7m | $217.6m | $33.3m | $340.5m | $243.1m | ($100.2m) | ($1.1b) | $47.0m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | $263.5m | $238.0m | ($100.2m) | ($1.1b) | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | $77.0m | $5.1m | $0 | $0 | — | |
| Depreciation, Depletion and Amortization | $39.7m | $130.0m | $128.5m | $132.6m | $117.8m | $137.8m | $135.6m | $123.1m | $116.0m | |
| Depreciation | $39.7m | $39.4m | $39.0m | $42.4m | $40.8m | $31.8m | $36.0m | $40.8m | $40.1m | |
| Amortization | $81.7m | $90.6m | $89.5m | $90.2m | $82.8m | $106.0m | $99.6m | $82.3m | $75.9m | |
| Amortization of Debt Issuance Costs and Discounts | — | — | — | $13.4m | $23.3m | $4.1m | $4.6m | $4.9m | $4.2m | |
| Amortization of Intangible Assets | — | $91.0m | $90.0m | $90.2m | $81.5m | $106.0m | $99.6m | $82.3m | $75.9m | |
| Amortization of debt discount and issuance costs | — | $0 | $0 | $13.4m | $23.3m | $4.1m | $4.6m | $4.9m | $4.2m | |
| Amortization Cash Flow | — | — | — | — | — | $106.0m | $99.6m | $82.3m | $75.9m | |
| Amortization Of Intangibles | — | — | — | — | — | $106.0m | $99.6m | $82.3m | $75.9m | |
| Depreciation Amortization Depletion | — | — | — | — | — | $162.1m | $162.6m | $154.5m | $150.7m | |
| Deferred income taxes | ($58.2m) | $1.7m | ($8.9m) | ($91.4m) | ($59.0m) | ($29.0m) | ($37.0m) | ($29.0m) | $11.4m | |
| Deferred Income Tax | — | — | — | — | — | — | ($37.0m) | ($29.0m) | $11.4m | |
| Deferred Tax | — | — | — | — | — | — | ($37.0m) | ($29.0m) | $11.4m | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | — | $28.2m | $30.5m | $30.7m | $35.3m | $37.6m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $4.0m | $4.0m | $5.0m | $7.0m | $9.1m | $7.9m | $5.3m | $6.2m | |
| Share-based Payment Arrangement, Expense | — | $13.3m | $18.4m | $22.6m | $27.7m | $30.5m | $30.7m | $35.3m | $37.6m | |
| Goodwill and Intangible Asset Impairment | — | $0 | $0 | $0 | $0 | $0 | $258.3m | $1.2b | $0 | |
| Goodwill, Impairment Loss | — | $0 | $0 | $0 | $0 | $0 | $212.3m | $960.5m | $0 | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | $32.6m | $18.4m | $6.4m | — | $92.2m | $0 | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | — | — | — | $101.1m | $0 | |
| Restructuring Costs and Asset Impairment Charges | — | $400k | $0 | $135.4m | $63.6m | $37.6m | $35.1m | $27.5m | $29.3m | |
| Goodwill and intangible asset impairments | — | — | — | — | $0 | $0 | $258.3m | $1.2b | $0 | |
| Fixed assets impairments and other charges | — | — | — | — | $18.4m | $6.4m | $200k | $17.1m | $2.2m | |
| Asset Impairment Charge | — | — | — | — | — | $6.4m | $258.5m | $1.2b | $2.2m | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | — | — | — | — | — | $3.6m | — | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | $11.7m | $8.9m | $0 | $0 | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | $100k | $0 | $1.6m | $5.3m | $2.2m | $1.9m | $5.4m | ($2.8m) | ($1.8m) | |
| Income Tax Expense (Benefit) | — | $70.4m | $57.9m | ($63.4m) | ($9.0m) | $45.9m | $45.3m | $33.9m | $130.2m | |
| Other Nonoperating Income (Expense) | — | — | — | ($900k) | $2.4m | $3.1m | ($23.0m) | ($100k) | ($2.3m) | |
| Loss (gain) on equity investments, net | — | — | — | — | — | $0 | ($3.6m) | $400k | $6.2m | |
| Change in operating lease liabilities | — | $0 | ($37.0m) | ($36.7m) | ($37.5m) | ($31.6m) | ($34.5m) | ($42.8m) | ($44.7m) | |
| Proceeds from sale of equity investment | — | — | — | — | $0 | $0 | $10.7m | $400k | $0 | |
| ROU assets obtained in exchange for operating lease obligations | — | $0 | $59.5m | $28.1m | $24.7m | $36.0m | $22.1m | $54.8m | $24.8m | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | $0 | ($3.6m) | $1.1m | $6.2m | |
| Changes in operating assets and liabilities: | ||||||||||
| Additional Financial Items | ||||||||||
| Increase (Decrease) in Accounts Receivable | — | $3.8m | ($12.8m) | ($71.9m) | $43.2m | $71.0m | $17.0m | ($10.0m) | $48.5m | |
| Increase (Decrease) in Inventories | — | $8.9m | $1.5m | ($11.9m) | $66.0m | $39.9m | ($35.1m) | ($3.6m) | $29.1m | |
| Increase (Decrease) in Accounts Payable | — | ($3.8m) | ($7.9m) | $21.6m | ($20.3m) | $44.5m | ($46.3m) | ($1.2m) | $7.5m | |
| Proceeds from Stock Options Exercised | — | $14.0m | $30.0m | $13.8m | $19.5m | $21.8m | $11.3m | $2.4m | $2.8m | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | — | — | — | — | — | ($30.5m) | |
| Gain (Loss) on Investments | — | — | — | — | — | — | — | ($400k) | ($6.2m) | |
| Goodwill | — | $3.3b | $3.3b | $3.4b | $3.1b | $3.5b | $3.3b | $2.3b | $2.4b | |
| Induced Conversion of Convertible Debt Expense | — | — | — | — | — | — | $28.5m | $0 | $0 | |
| Inventory Write-down | — | — | — | $11.1m | $10.8m | $4.7m | — | — | — | |
| Operating Expenses | — | — | — | — | — | — | — | $2.3b | — | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | — | — | — | ($1.5m) | $0 | |
| Allowance for credit losses | — | $4.7m | $9.5m | $23.0m | $5.6m | $4.8m | $7.1m | $17.9m | $9.5m | |
| Stock-based compensation expense | $12.3m | $13.3m | $18.4m | $22.6m | $28.2m | $30.5m | $30.7m | $35.3m | $37.6m | |
| Gain on investments in rabbi trust, net | — | — | — | — | — | — | $0 | ($700k) | ($3.8m) | |
| Restructuring charges | — | $0 | $0 | $11.1m | $10.8m | $4.7m | $1.3m | $0 | $0 | |
| Inducement expense related to exchange of convertible notes | — | — | — | — | $0 | $0 | $28.5m | $0 | $0 | |
| Change in trade accounts receivable | ($18.9m) | ($3.8m) | $12.8m | $71.9m | ($43.2m) | ($71.0m) | ($17.0m) | $10.0m | ($48.5m) | |
| Change in inventories | ($30.5m) | ($8.9m) | ($1.5m) | $11.9m | ($66.0m) | ($39.9m) | $35.1m | $3.6m | ($29.1m) | |
| Change in trade accounts payable | ($500k) | ($3.8m) | ($7.9m) | $21.6m | ($20.3m) | $44.5m | ($46.3m) | ($1.2m) | $7.5m | |
| Change in prepaid expenses and other assets | $17.3m | $13.8m | ($8.6m) | ($2.5m) | ($11.5m) | ($11.7m) | $3.3m | ($6.7m) | $7.7m | |
| Change in accrued expenses and other liabilities | $8.3m | $26.7m | $44.5m | $10.0m | $34.3m | ($133.0m) | ($12.0m) | $134.5m | $116.0m | |
| Proceeds from stock option exercises | — | $0 | $0 | $13.8m | $19.5m | $21.8m | $11.3m | $2.4m | $2.8m | |
| Cash paid for treasury stock | — | — | — | — | — | — | $0 | $0 | ($166.6m) | |
| Tax withholding payment related to net settlement of equity awards | — | — | — | ($5.0m) | ($7.2m) | ($9.1m) | ($7.9m) | ($5.3m) | ($6.2m) | |
| Proceeds from issuance of convertible notes due 2028 | — | $0 | $0 | $517.5m | $0 | $0 | $500.2m | $0 | $0 | |
| Principal paid related to exchange of convertible notes due 2025 | — | — | — | — | $0 | $0 | ($401.2m) | $0 | ($116.3m) | |
| Proceeds from borrowings | — | $0 | $1.3b | $0 | $0 | $300k | $323.5m | $0 | $0 | |
| Repayment of borrowings | — | $0 | ($300k) | $0 | ($475.7m) | ($500k) | ($288.8m) | ($100.0m) | $0 | |
| Proceeds from revolving line of credit | — | $0 | $0 | $249.8m | $0 | $124.0m | $0 | $0 | $115.4m | |
| Beginning Cash Position | — | — | — | — | — | $1.1b | $606.9m | $940.0m | $1.1b | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | $12.5m | $118.9m | ($103.7m) | ($170.9m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | ($657.3m) | ($62.4m) | ($54.6m) | ($51.1m) | |
| Change In Account Payable | — | — | — | — | — | $44.5m | ($46.3m) | ($1.2m) | $7.5m | |
| Change In Accrued Expense | — | — | — | — | — | ($133.0m) | ($12.0m) | $134.5m | $116.0m | |
| Change In Inventory | — | — | — | — | — | ($39.9m) | $35.1m | $3.6m | ($29.1m) | |
| Change In Other Current Liabilities | — | — | — | — | — | ($31.6m) | ($34.5m) | ($42.8m) | ($44.7m) | |
| Change In Other Working Capital | — | — | — | — | ($59.0m) | ($29.0m) | ($37.0m) | ($29.0m) | — | |
| Change In Payable | — | — | — | — | — | $44.5m | ($46.3m) | ($1.2m) | $7.5m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | ($88.5m) | ($58.3m) | $133.3m | $123.5m | |
| Change In Prepaid Assets | — | — | — | — | — | ($11.7m) | $3.3m | ($6.7m) | $7.7m | |
| Change In Receivables | — | — | — | — | — | ($71.0m) | ($17.0m) | $10.0m | ($48.5m) | |
| Change In Working Capital | — | — | — | — | — | ($271.7m) | ($71.4m) | $97.4m | $8.9m | |
| Changes In Account Receivables | — | — | — | — | — | ($71.0m) | ($17.0m) | $10.0m | ($48.5m) | |
| Changes In Cash | — | — | — | — | — | ($462.1m) | $332.2m | $178.2m | $53.7m | |
| End Cash Position | — | — | — | — | — | $606.9m | $940.0m | $1.1b | $1.2b | |
| Financing Cash Flow | — | — | — | — | — | $12.5m | $118.9m | ($103.7m) | ($170.9m) | |
| Free Cash Flow | — | — | — | — | — | $107.0m | $217.5m | $302.7m | $230.4m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | — | ($700k) | ($3.8m) | |
| Gain Loss On Sale Of Business | — | — | — | — | ($11.7m) | ($8.9m) | $0 | $0 | — | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | ($1.9m) | ($5.4m) | $2.8m | $1.8m | |
| Investing Cash Flow | — | — | — | — | — | ($657.3m) | ($62.4m) | ($54.6m) | ($51.1m) | |
| Net Business Purchase And Sale | — | — | — | — | — | ($622.3m) | $10.7m | $400k | $0 | |
| Net PPE Purchase And Sale | — | — | — | — | — | ($72.4m) | ($52.1m) | ($33.7m) | ($44.8m) | |
| Operating Gains Losses | — | — | — | — | — | ($10.8m) | ($9.0m) | $3.2m | $4.2m | |
| Other Non Cash Items | — | — | — | — | — | $18.3m | $34.4m | $4.9m | $4.2m | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | $21.8m | $11.3m | $2.4m | $2.8m | |
| Provisionand Write Offof Assets | — | — | — | — | — | $4.8m | $7.1m | $17.9m | $9.5m | |
| Purchase Of Business | — | — | — | — | ($2.1m) | ($696.2m) | $0 | $0 | — | |
| Purchase Of PPE | — | — | — | — | — | ($75.7m) | ($58.2m) | ($33.8m) | ($45.3m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | $0 | $0 | ($166.6m) | |
| Sale Of Business | — | — | — | — | — | $73.9m | $10.7m | $400k | $0 | |
| Sale Of PPE | — | — | — | — | — | $3.3m | $6.1m | $100k | $500k | |
| Stock Based Compensation | — | — | — | — | — | $30.5m | $30.7m | $35.3m | $37.6m | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment | — | — | — | — | — | — | — | $100k | ($2.0m) | |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | — | — | — | — | $11.7m | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $359.1m | $400.1m | $397.5m | $283.9m | $361.6m | $182.7m | $275.7m | $336.5m | $275.7m | |
| Cash flows from investing activities: | ||||||||||
| Payments to Acquire Property, Plant, and Equipment | ($48.9m) | $72.2m | $77.8m | $47.7m | $54.7m | $75.7m | $58.2m | $33.8m | $45.3m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | $40.7m | $2.1m | $696.2m | $0 | $0 | — | |
| Purchases of investments held in rabbi trust | — | — | — | — | — | $0 | $0 | ($32.8m) | ($9.9m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | $56.0m | $0 | ($23.5m) | $500k | |
| Purchase Of Investment | — | — | — | — | — | — | $0 | ($32.8m) | ($9.9m) | |
| Proceeds from sale of investments held in rabbi trust | — | — | — | — | — | $0 | $0 | $9.3m | $10.4m | |
| Sale Of Investment | — | — | — | — | — | $56.0m | $0 | $9.3m | $10.4m | |
| Payments for (Proceeds from) Other Investing Activities | — | $3.3m | $2.2m | ($14.0m) | $4.6m | $18.6m | $22.6m | $300k | $6.8m | |
| All other investing activities, net | ($6.1m) | ($3.3m) | ($2.2m) | $14.0m | ($4.6m) | ($18.6m) | ($22.6m) | ($300k) | ($6.8m) | |
| Net Other Investing Changes | — | — | — | — | — | ($18.6m) | ($21.0m) | $2.2m | ($6.8m) | |
| Net Cash Provided by (Used in) Investing Activities | ($54.9m) | ($75.5m) | ($78.4m) | ($69.1m) | $262.7m | ($657.3m) | ($62.4m) | ($54.6m) | ($51.1m) | |
| Cash flows from financing activities: | ||||||||||
| Debt issuance costs | — | $0 | ($2.4m) | ($17.2m) | ($2.3m) | $0 | ($18.3m) | $0 | $0 | |
| Issuance Of Debt | — | — | — | — | — | $124.3m | $823.7m | $0 | $115.4m | |
| Long Term Debt Issuance | — | — | — | — | — | $300k | $823.7m | $0 | $0 | |
| Net Issuance Payments Of Debt | — | — | — | — | — | ($200k) | $133.7m | ($100.0m) | ($900k) | |
| Net Long Term Debt Issuance | — | — | — | — | — | ($200k) | $133.7m | ($100.0m) | ($116.3m) | |
| Net Short Term Debt Issuance | — | — | — | — | — | $0 | $0 | $0 | $115.4m | |
| Short Term Debt Issuance | — | — | — | — | — | $124.0m | $0 | $0 | $115.4m | |
| Long Term Debt Payments | — | — | — | — | — | ($500k) | ($690.0m) | ($100.0m) | ($116.3m) | |
| Repayment Of Debt | — | — | — | — | — | ($124.5m) | ($690.0m) | ($100.0m) | ($116.3m) | |
| Short Term Debt Payments | — | — | — | — | $0 | ($124.0m) | $0 | $0 | — | |
| Proceeds from Issuance of Common Stock | — | $0 | $643.4m | $0 | $0 | — | — | — | — | |
| Net Common Stock Issuance | — | — | — | — | $0 | — | $0 | $0 | ($166.6m) | |
| Common Stock Payments | — | — | — | — | — | — | $0 | $0 | ($166.6m) | |
| Proceeds from (Payments for) Other Financing Activities | — | $0 | ($200k) | ($700k) | ($7.1m) | $0 | $100k | ($800k) | $0 | |
| All other financing activities | $0 | $0 | ($200k) | ($700k) | ($7.1m) | $0 | $100k | ($800k) | $0 | |
| Net Other Financing Charges | — | — | — | — | — | ($9.1m) | ($26.1m) | ($6.1m) | ($6.2m) | |
| Net cash (used in) provided by financing activities | ($304.2m) | ($324.6m) | ($107.7m) | $492.5m | ($465.6m) | $12.5m | $118.9m | ($103.7m) | ($170.9m) | |
| Net Cash Provided by (Used in) Financing Activities | — | ($324.6m) | ($107.7m) | $492.5m | ($465.6m) | $12.5m | $118.9m | ($103.7m) | ($170.9m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $0 | ($200k) | ($29.6m) | $26.0m | ($4.6m) | $900k | ($49.1m) | $88.9m | |
| Effect of exchange rate changes on cash and cash equivalents | $0 | $0 | ($200k) | ($29.6m) | $26.0m | ($4.6m) | $900k | ($49.1m) | $88.9m | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | ($4.6m) | $900k | ($49.1m) | $88.9m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $0 | $211.2m | $677.7m | $184.7m | ($466.7m) | $333.1m | $129.1m | $142.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $0 | $211.2m | $888.9m | $1.1b | $606.9m | $940.0m | $1.1b | $1.2b | |
| Net change in cash and cash equivalents | $0 | $0 | $211.2m | $677.7m | $184.7m | ($466.7m) | $333.1m | $129.1m | $142.6m | |
| Beginning balance of cash and cash equivalents | $0 | $0 | $211.2m | $888.9m | $1.1b | $606.9m | $940.0m | $1.1b | $1.2b | |
| Supplemental disclosure of cash flow information: | ||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | ($466.7m) | $333.1m | $129.1m | $142.6m | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $0 | $0 | $7.7m | $56.7m | $35.7m | $38.4m | $63.2m | $54.7m | $46.1m | |
| Income Taxes Paid, Net | $25.1m | $26.3m | $30.7m | $28.6m | $84.0m | $119.2m | $98.6m | $32.9m | $79.8m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.