← RELIANCE, 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 | $309.1m | $621.0m | $641.8m | $706.1m | $372.4m | $1.4b | $1.8b | $1.3b | $878.0m | $739.4m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $304.3m | $613.4m | $633.7m | $701.5m | $369.1m | $1.4b | $1.8b | $1.3b | $875.2m | $739.4m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $309.1m | $621.0m | $641.8m | $706.1m | $372.4m | $1.4b | $1.8b | $1.3b | $878.0m | $741.6m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $4.8m | $7.6m | $8.1m | $4.6m | $3.3m | $4.4m | $4.1m | $4.2m | $2.8m | $2.2m | |
| Depreciation, Depletion and Amortization | $222.0m | $218.4m | $215.2m | $219.3m | $227.3m | $230.2m | $240.2m | $245.4m | $268.7m | $278.2m | |
| Amortization of Intangible Assets | $54.1m | $50.6m | $45.8m | $43.1m | $39.6m | $38.7m | $48.1m | $43.8m | $42.6m | $39.2m | |
| Deferred Income Tax Expense (Benefit) | ($500k) | ($192.6m) | ($9.1m) | $32.5m | ($13.7m) | ($23.8m) | ($6.7m) | $16.2m | $36.4m | $37.1m | |
| Share-based Payment Arrangement, Noncash Expense | $24.4m | $33.4m | $45.5m | $51.2m | $42.2m | $70.8m | $65.3m | $65.0m | $56.8m | $55.6m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | $39.7m | — | $42.8m | $17.9m | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Impairment of Intangible Assets (Excluding Goodwill) | $36.4m | — | $33.2m | — | $98.5m | $4.7m | — | — | $11.2m | $9.9m | |
| Impairment of Intangible Assets, Finite-lived | — | — | $16.7m | — | $30.7m | — | — | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $36.4m | — | $16.5m | — | $67.8m | $4.7m | $0 | $0 | $11.2m | $9.9m | |
| Operating Lease, Impairment Loss | — | — | — | — | $200k | — | — | — | — | — | |
| Restructuring Costs and Asset Impairment Charges | $69.1m | $4.1m | $39.5m | $1.2m | $157.8m | $4.8m | $1.4m | — | — | $28.7m | |
| Gain (Loss) on Disposition of Property Plant Equipment | $1.2m | $9.5m | $18.8m | $1.0m | $2.6m | $3.3m | $10.9m | $11.1m | $4.7m | $17.2m | |
| Income Tax Expense (Benefit) | $120.1m | ($37.2m) | $208.8m | $223.2m | $105.8m | $465.7m | $586.2m | $400.6m | $261.9m | $227.6m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $40.3m | $55.7m | |
| Other Nonoperating Income (Expense) | $1.2m | ($4.7m) | ($700k) | $800k | ($24.7m) | ($3.1m) | ($14.2m) | $41.3m | $20.2m | $12.2m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $31.2m | $119.7m | $153.3m | ($178.1m) | ($136.8m) | $656.1m | ($105.7m) | ($95.6m) | ($167.4m) | $195.4m | |
| Increase (Decrease) in Inventories | $30.4m | $186.6m | $88.8m | ($211.8m) | ($227.5m) | $505.9m | ($58.9m) | $41.5m | ($116.8m) | $154.8m | |
| Foreign Currency Transaction Gain (Loss), before Tax | $1.8m | ($4.9m) | $600k | ($4.1m) | ($2.3m) | ($4.0m) | ($6.2m) | ($1.3m) | $1.9m | ($2.3m) | |
| Goodwill | $1.8b | $1.8b | $1.9b | $2.0b | $1.9b | $2.1b | $2.1b | $2.1b | $2.2b | $2.2b | |
| Proceeds from Stock Options Exercised | $37.5m | $5.2m | $2.8m | — | — | — | — | — | — | — | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | — | — | — | ($19.4m) | — | ($2.3m) | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $626.5m | $399.0m | $664.6m | $1.3b | $1.2b | $799.4m | $2.1b | $1.7b | $1.4b | $831.4m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $154.9m | $161.6m | $239.9m | $242.2m | $172.0m | $236.6m | $341.8m | $468.8m | $430.6m | $328.9m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $348.7m | $37.8m | $77.6m | $177.8m | $6.9m | $439.3m | — | $24.0m | $364.6m | $2.8m | |
| Payments for (Proceeds from) Other Investing Activities | $1.5m | $7.6m | ($7.3m) | $7.1m | $16.2m | $12.4m | $17.6m | $2.2m | $13.2m | $7.3m | |
| Net Cash Provided by (Used in) Investing Activities | ($505.1m) | ($179.4m) | ($281.0m) | ($419.1m) | ($188.4m) | ($652.3m) | ($348.5m) | ($483.9m) | ($803.7m) | ($321.8m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $2.1b | $875.0m | $1.5b | $971.0m | $1.7b | $20.0m | — | — | $663.0m | $2.7b | |
| Repayments of Long-term Debt | $2.1b | $915.3m | $1.2b | $1.6b | $1.6b | $20.7m | $300k | $506.1m | $663.3m | $2.4b | |
| Payments for Repurchase of Common Stock | — | $25.0m | $484.9m | $50.0m | $337.3m | $323.5m | $630.3m | $479.5m | $1.1b | $594.1m | |
| Proceeds from (Payments for) Other Financing Activities | ($9.5m) | ($14.4m) | ($25.6m) | ($21.0m) | ($26.0m) | ($26.9m) | ($3.0m) | ($2.3m) | $10.1m | ($20.2m) | |
| Net Cash Provided by (Used in) Financing Activities | ($100.2m) | ($198.1m) | ($403.9m) | ($840.6m) | ($483.0m) | ($528.9m) | ($892.6m) | ($1.3b) | ($1.4b) | ($620.2m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($2.7m) | $10.1m | ($5.9m) | $4.3m | $7.6m | ($1.2m) | ($4.6m) | $1.7m | ($11.8m) | $9.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($2.7m) | $10.1m | ($26.2m) | $46.1m | $509.2m | ($383.0m) | $872.9m | ($93.2m) | ($762.1m) | ($101.5m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $128.2m | $174.3m | $683.5m | $300.5m | $1.2b | $1.1b | $318.1m | $216.6m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $81.4m | $72.5m | $84.0m | $83.0m | $52.6m | $59.1m | $59.7m | $41.8m | $37.8m | $54.7m | |
| Income Taxes Paid, Net | $95.1m | $171.1m | $228.5m | $214.3m | $87.5m | $444.4m | $692.4m | $386.3m | $244.9m | $163.7m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.