← STANLEY BLACK & DECKER, INC.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net earnings (loss) | $1.2b | $605.8m | $958.0m | — | $1.2b | $1.1b | ($310.5m) | $294.3m | — | $401.9m | |
| Net Income From Continuing Operations | — | — | — | — | — | $1.1b | ($310.5m) | $294.3m | $401.9m | — | |
| Net Income (Loss) Attributable to Parent | $1.2b | $605.2m | $955.8m | $1.2b | — | $1.1b | ($310.5m) | $294.3m | $401.9m | — | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | — | $1.2b | — | $164.3m | ($281.7m) | $286.3m | $401.9m | — | |
| (Gain) loss on sale of discontinued operations | — | — | — | — | $0 | ($1.2b) | $14.3m | ($10.4m) | — | $0 | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $1.2b | $605.8m | $958.0m | $1.2b | — | $1.1b | ($310.5m) | $294.3m | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $1.2b | — | — | — | — | $170.1m | ($281.7m) | $286.3m | $401.9m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $1.2b | $605.8m | $958.0m | $1.2b | — | $170.3m | ($281.7m) | $286.3m | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $0 | — | — | — | — | $892.4m | ($28.8m) | $8.0m | $0 | — | |
| Depreciation, Depletion and Amortization | $296.9m | $331.2m | $372.8m | $376.5m | — | $369.7m | $432.4m | $426.3m | $365.6m | — | |
| Amortization | $43.3m | $42.8m | $47.6m | $43.9m | — | $39.3m | $49.1m | — | — | — | |
| Amortization of Intangible Assets | $163.8m | $175.3m | $187.4m | $201.6m | — | $202.5m | $192.7m | $163.2m | $146.8m | — | |
| Depreciation | $253.6m | $288.4m | $325.2m | $332.6m | — | $330.4m | $383.3m | $426.3m | $365.6m | — | |
| Depreciation and amortization of property, plant and equipment | $296.9m | $331.2m | $372.8m | — | $376.5m | $374.0m | $432.4m | $426.3m | — | $365.6m | |
| Amortization of intangibles | $163.8m | $175.3m | $187.4m | — | $201.6m | $203.1m | $192.7m | $163.2m | $146.8m | $146.8m | |
| Amortization Cash Flow | — | — | — | — | — | $202.5m | $192.7m | $163.2m | $146.8m | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | $572.2m | $625.1m | $589.5m | $512.4m | — | |
| Deferred Income Tax Expense (Benefit) | ($103.0m) | $191.1m | ($17.9m) | ($241.7m) | — | ($285.3m) | ($424.3m) | ($227.2m) | ($64.4m) | — | |
| Deferred tax benefit | ($103.0m) | — | ($17.9m) | — | ($241.7m) | ($386.9m) | ($424.3m) | ($227.2m) | — | ($64.4m) | |
| Deferred Income Tax | — | — | — | — | — | ($271.7m) | ($424.3m) | ($227.2m) | ($64.4m) | — | |
| Deferred Tax | — | — | — | — | — | ($271.7m) | ($424.3m) | ($227.2m) | ($64.4m) | — | |
| Share-based Payment Arrangement, Noncash Expense | $78.7m | $76.5m | $88.8m | $109.1m | — | $90.7m | $83.8m | $105.4m | $94.1m | — | |
| Share-based Payment Arrangement, Expense | $25.4m | $29.0m | $28.8m | $5.6m | — | $28.9m | $38.8m | $36.1m | $38.6m | — | |
| Asset impairment charges | — | — | — | — | $0 | $168.4m | $274.8m | $72.4m | — | $189.5m | |
| Asset Impairment Charge | — | — | — | — | — | $168.4m | $274.8m | $72.4m | $189.5m | — | |
| Gain (Loss) on Disposition of Business | $264.1m | ($800k) | $17.0m | ($13.5m) | — | ($8.4m) | ($10.8m) | $0 | ($300k) | — | |
| Gain (Loss) on Extinguishment of Debt | — | $0 | ($17.9m) | ($46.9m) | — | $0 | — | — | — | — | |
| Income (Loss) from Equity Method Investments | — | $0 | ($11.2m) | $9.1m | — | $0 | $0 | — | — | — | |
| Income Tax Expense (Benefit) | $300.9m | $416.3m | $160.8m | $41.4m | — | ($132.4m) | ($94.0m) | ($45.2m) | $16.0m | — | |
| Operating Lease, Lease Income | — | — | — | $131.5m | — | $39.8m | — | — | — | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | ($87.0m) | $0 | $0 | — | — | — | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $905.6m | $48.8m | ($137.8m) | $39.6m | — | ($109.0m) | $117.0m | ($58.2m) | ($190.0m) | — | |
| Increase (Decrease) in Inventories | $303.0m | $401.6m | ($137.7m) | $401.5m | — | $792.4m | ($906.6m) | ($93.0m) | ($258.5m) | — | |
| Increase (Decrease) in Accounts Payable | $240.4m | $211.0m | ($169.1m) | $310.4m | — | ($991.4m) | ($23.0m) | $173.3m | ($284.6m) | — | |
| Accretion Expense | $1.3m | — | $1.3m | $1.3m | — | — | — | — | — | — | |
| Goodwill | $8.8b | $9.0b | $9.2b | $10.0b | — | $8.5b | $8.0b | $7.9b | $7.3b | — | |
| Investment Income, Interest | $40.1m | $68.7m | $53.9m | $18.0m | — | $54.7m | $186.9m | $179.1m | $198.4m | — | |
| Proceeds from Stock Options Exercised | $69.9m | — | $144.7m | $133.8m | — | $25.5m | $7.1m | $14.5m | $1.1m | — | |
| Loss on sales of businesses | ($264.1m) | $800k | ($17.0m) | — | $13.5m | $600k | $10.8m | $0 | — | $300k | |
| Stock-based compensation expense | $78.7m | $76.5m | $88.8m | — | $109.1m | $118.3m | $83.8m | $105.4m | — | $94.1m | |
| Provision for credit losses | $14.4m | $28.0m | $33.0m | — | $41.1m | $18.7m | $8.7m | $22.2m | — | $18.4m | |
| Other non-cash items | $24.4m | ($10.1m) | ($13.8m) | — | $44.7m | $27.7m | $154.5m | $186.3m | $67.3m | $67.3m | |
| Accounts receivable | ($200.6m) | $48.8m | $137.8m | — | ($39.6m) | ($280.6m) | ($117.0m) | $58.2m | — | $190.0m | |
| Inventories | ($303.0m) | $401.6m | $137.7m | — | ($401.5m) | ($2.0b) | $906.6m | $93.0m | — | $258.5m | |
| Accounts payable | $240.4m | $211.0m | ($169.1m) | — | $310.4m | $758.3m | ($23.0m) | $173.3m | — | ($284.6m) | |
| Deferred revenue | $2.1m | $1.5m | $8.5m | — | ($300k) | $1.9m | $2.4m | ($3.0m) | — | ($4.5m) | |
| Other current assets | $42.8m | $4.4m | ($183.6m) | — | ($100.2m) | ($166.8m) | $115.6m | $7.1m | — | $44.8m | |
| Other long-term assets | $72.4m | ($28.9m) | ($37.3m) | — | ($14.0m) | ($438.8m) | ($175.7m) | ($49.7m) | — | $45.6m | |
| Accrued expenses | $10.8m | $70.1m | $123.6m | — | $381.7m | $444.0m | ($25.6m) | ($230.5m) | — | ($204.1m) | |
| Defined benefit liabilities | ($66.5m) | ($44.7m) | ($47.6m) | — | ($40.2m) | ($40.0m) | ($42.2m) | ($40.9m) | — | ($34.0m) | |
| Other long-term liabilities | $19.8m | $20.5m | ($92.1m) | — | $79.5m | $277.7m | $113.0m | $66.9m | — | ($260.0m) | |
| Capital and software expenditures | ($442.4m) | $492.1m | ($424.7m) | — | ($348.1m) | ($519.1m) | ($338.7m) | ($353.9m) | — | ($283.3m) | |
| Sales of assets | ($50.2m) | $45.2m | $100.1m | — | $19.9m | $8.4m | $15.1m | $14.8m | — | $16.9m | |
| Sales of businesses, net of cash sold | $756.9m | $3.0m | $76.6m | — | $59.1m | $5.3m | ($5.7m) | $735.6m | — | $5.0m | |
| Other | ($29.4m) | ($40.3m) | ($22.6m) | — | ($10.6m) | ($13.8m) | ($18.9m) | ($15.7m) | — | ($5.0m) | |
| Net short-term commercial paper borrowings (repayments) | — | — | — | — | ($342.6m) | ($138.1m) | ($1.0b) | ($1.1b) | — | $572.9m | |
| Craftsman contingent consideration payments | — | $0 | $0 | — | $45.9m | ($29.3m) | ($18.0m) | $0 | — | $0 | |
| Beginning Cash Position | — | — | — | — | — | $294.8m | $404.9m | $454.6m | $292.8m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | ($2.0b) | ($816.0m) | ($1.6b) | ($794.4m) | — | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | $3.6b | ($327.7m) | $394.2m | ($261.5m) | — | |
| Change In Account Payable | — | — | — | — | — | ($991.4m) | ($23.0m) | $173.3m | ($284.6m) | — | |
| Change In Accrued Expense | — | — | — | — | — | ($176.3m) | ($25.6m) | ($230.5m) | ($204.1m) | — | |
| Change In Inventory | — | — | — | — | — | ($792.4m) | $906.6m | $93.0m | $258.5m | — | |
| Change In Other Current Assets | — | — | — | — | — | ($335.7m) | ($60.1m) | ($42.6m) | $90.4m | — | |
| Change In Other Current Liabilities | — | — | — | — | — | $173.4m | $113.0m | $66.9m | ($260.0m) | — | |
| Change In Other Working Capital | — | — | — | — | — | ($61.8m) | ($39.8m) | ($43.9m) | ($38.5m) | — | |
| Change In Payable | — | — | — | — | — | ($991.4m) | ($23.0m) | $173.3m | ($284.6m) | — | |
| Change In Payables And Accrued Expense | — | — | — | — | — | ($1.2b) | ($48.6m) | ($57.2m) | ($488.7m) | — | |
| Change In Receivables | — | — | — | — | — | $109.0m | ($117.0m) | $58.2m | $190.0m | — | |
| Change In Working Capital | — | — | — | — | — | ($2.1b) | $754.1m | $74.4m | ($248.3m) | — | |
| Changes In Account Receivables | — | — | — | — | — | $109.0m | ($117.0m) | $58.2m | $190.0m | — | |
| Changes In Cash | — | — | — | — | — | $142.0m | $47.6m | ($55.6m) | ($84.7m) | — | |
| End Cash Position | — | — | — | — | — | $404.9m | $454.6m | $292.8m | $287.4m | — | |
| Financing Cash Flow | — | — | — | — | — | ($2.0b) | ($816.0m) | ($1.6b) | ($794.4m) | — | |
| Free Cash Flow | — | — | — | — | — | ($2.0b) | $852.6m | $753.0m | $687.9m | — | |
| Gain Loss On Sale Of Business | — | — | — | — | — | $8.4m | $10.8m | $0 | $300k | — | |
| Investing Cash Flow | — | — | — | — | — | $3.6b | ($327.7m) | $394.2m | ($261.5m) | — | |
| Issuance Of Capital Stock | — | — | — | — | — | $788.7m | $19.0m | $24.8m | $8.9m | — | |
| Net Business Purchase And Sale | — | — | — | — | — | $4.1b | ($5.7m) | $735.6m | $5.0m | — | |
| Net Preferred Stock Issuance | — | — | — | — | ($750.0m) | $0 | $0 | $0 | — | — | |
| Operating Gains Losses | — | — | — | — | ($86.4m) | $8.4m | $10.8m | — | $300k | — | |
| Preferred Stock Issuance | — | — | — | — | $0 | $750.0m | $0 | $0 | — | — | |
| Preferred Stock Payments | — | — | — | — | ($750.0m) | ($750.0m) | $0 | $0 | — | — | |
| Provisionand Write Offof Assets | — | — | — | — | — | $30.0m | $8.7m | $22.2m | $18.4m | — | |
| Purchase Of Business | — | — | — | — | ($2.0b) | ($71.9m) | ($5.7m) | $0 | — | — | |
| Repurchase Of Capital Stock | — | — | — | — | — | ($3.1b) | ($16.1m) | ($17.7m) | ($20.1m) | — | |
| Sale Of Business | — | — | — | — | $5.3m | $4.1b | — | $735.6m | $5.0m | — | |
| Stock Based Compensation | — | — | — | — | — | $90.7m | $83.8m | $105.4m | $94.1m | — | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment | ($15.6m) | — | ($1.0m) | ($600k) | — | $0 | ($1.0m) | ($3.5m) | ($23.2m) | — | |
| Net Cash Provided by (Used in) Operating Activities | $668.5m | $1.3b | $1.5b | $2.0b | $2.0b | ($1.5b) | $1.2b | $1.1b | $971.2m | $971.2m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $442.4m | $492.1m | $424.7m | $348.1m | — | $530.4m | $338.7m | $353.9m | $283.3m | — | |
| Capital Expenditure Reported | $492.1m | — | $424.7m | $348.1m | $519.1m | ($530.4m) | ($338.7m) | ($353.9m) | ($283.3m) | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $2.6b | $524.6m | $685.4m | $1.3b | — | $71.9m | $0 | $0 | — | — | |
| Payments to Acquire Investments | — | $21.7m | $260.6m | $18.7m | — | — | — | — | — | — | |
| Net Investment Purchase And Sale | — | — | — | — | ($55.1m) | $10.6m | $0 | $0 | — | — | |
| Sale Of Investment | — | — | — | — | — | $10.6m | $0 | $0 | — | — | |
| Payments for (Proceeds from) Other Investing Activities | $29.4m | $18.6m | $22.6m | $5.9m | — | $24.5m | ($1.6m) | $2.3m | $100k | — | |
| Net Other Investing Changes | — | — | — | — | — | $17.2m | $16.7m | $12.5m | $16.8m | — | |
| Net cash (used in) provided by investing activities | ($2.3b) | ($989.1m) | ($1.2b) | — | ($1.6b) | ($2.6b) | ($327.7m) | $394.2m | — | ($261.5m) | |
| Net Cash Provided by (Used in) Investing Activities | ($1.6b) | ($989.1m) | ($1.2b) | ($1.6b) | — | $3.6b | ($327.7m) | $394.2m | ($261.5m) | — | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | — | — | $990.0m | $990.0m | — | — | — | — | — | — | |
| Proceeds from debt issuances, net of fees | $0 | $990.0m | $496.2m | — | $2.2b | $0 | $745.3m | $0 | — | $0 | |
| Issuance Of Debt | — | — | — | — | — | $3.5b | $745.3m | $0 | $0 | — | |
| Long Term Debt Issuance | — | — | — | — | — | $3.5b | $745.3m | $0 | $0 | — | |
| Net Issuance Payments Of Debt | — | — | — | — | — | $854.5m | ($299.4m) | ($1.1b) | ($277.6m) | — | |
| Net Long Term Debt Issuance | — | — | — | — | — | $992.6m | $745.3m | $0 | ($850.5m) | — | |
| Net Short Term Debt Issuance | — | — | — | — | — | ($138.1m) | ($1.0b) | ($1.1b) | $572.9m | — | |
| Repayments of Long-term Debt | $2.8m | $977.5m | $1.1b | $1.2b | — | $0 | $0 | — | $850.5m | — | |
| Payments on long-term debt | ($2.8m) | ($977.5m) | ($1.1b) | — | ($1.2b) | ($1.5m) | $0 | $0 | — | ($850.5m) | |
| Long Term Debt Payments | — | — | — | — | — | ($2.5b) | $0 | $0 | ($850.5m) | — | |
| Repayment Of Debt | — | — | — | — | — | ($2.5b) | $0 | $0 | ($850.5m) | — | |
| Proceeds from Issuance of Common Stock | $90.8m | $38.5m | $146.0m | $147.0m | — | $38.7m | $19.0m | $24.8m | $8.9m | — | |
| Proceeds from issuances of common stock | $90.8m | $38.5m | $146.0m | — | $897.0m | $131.4m | $19.0m | $24.8m | — | $8.9m | |
| Common Stock Issuance | — | — | — | — | — | $38.7m | $19.0m | $24.8m | $8.9m | — | |
| Net Common Stock Issuance | — | — | — | — | — | ($2.3b) | $2.9m | $7.1m | ($11.2m) | — | |
| Payments for Repurchase of Common Stock | $28.7m | $527.1m | $27.5m | $26.2m | — | $2.3b | $16.1m | $17.7m | $20.1m | — | |
| Payments of Ordinary Dividends, Common Stock | $363 | $385 | $402 | $432 | — | $466 | $483 | $491 | $501 | — | |
| Purchases of common stock for treasury | ($28.7m) | $527.1m | ($27.5m) | — | ($26.2m) | ($34.3m) | ($16.1m) | ($17.7m) | — | ($20.1m) | |
| Common Stock Payments | — | — | — | — | — | ($2.3b) | ($16.1m) | ($17.7m) | ($20.1m) | — | |
| Cash dividends on common stock | ($363) | $385 | ($402) | — | ($432) | ($475) | ($483) | ($491) | — | ($501) | |
| Cash Dividends Paid | — | — | — | — | — | ($471.6m) | ($482.6m) | ($491.2m) | ($500.6m) | — | |
| Common Stock Dividend Paid | — | — | — | — | — | ($465.8m) | ($482.6m) | ($491.2m) | ($500.6m) | — | |
| Preferred Stock Dividend Paid | — | — | — | — | ($18.9m) | ($5.8m) | $0 | $0 | — | — | |
| Proceeds from (Payments for) Other Financing Activities | ($5.4m) | ($36.2m) | ($12.6m) | ($10.6m) | — | ($11.7m) | ($18.9m) | ($15.7m) | ($5.0m) | — | |
| Net Other Financing Charges | — | — | — | — | — | ($69.7m) | ($36.9m) | ($15.7m) | ($5.0m) | — | |
| Net Cash Provided by (Used in) Financing Activities | $295.2m | ($561.6m) | ($292.5m) | $615.9m | $615.9m | ($2.0b) | ($816.0m) | ($1.6b) | ($794.4m) | ($794.4m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | ($31.9m) | $2.1m | ($106.2m) | $79.3m | — | |
| Effect of exchange rate changes on cash and cash equivalents | $81.0m | ($53.9m) | ($1.4m) | — | $22.8m | ($61.5m) | $2.1m | ($106.2m) | — | $79.3m | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | ($31.9m) | $2.1m | ($106.2m) | $79.3m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($522.1m) | ($343.7m) | $3.2m | $1.1b | — | $110.1m | $49.7m | ($161.8m) | ($5.4m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $655.1m | $311.4m | $314.6m | $1.4b | — | $404.9m | $454.6m | $292.8m | $287.4m | — | |
| Restricted Cash and Investments, Current | $17.6m | $22.7m | $16.9m | $17.3m | — | $9.3m | $4.6m | $2.3m | $7.3m | — | |
| Change in cash, cash equivalents and restricted cash | ($522.1m) | ($343.7m) | $3.2m | — | $1.1b | ($1.1b) | $49.7m | ($161.8m) | — | ($5.4m) | |
| Cash, cash equivalents and restricted cash, beginning of year | $655.1m | $311.4m | $314.6m | — | $1.4b | $294.8m | $454.6m | $292.8m | — | $287.4m | |
| Cash and cash equivalents | $637.5m | $288.7m | $297.7m | — | $1.4b | $142.3m | $449.4m | $290.5m | — | $280.1m | |
| Restricted cash included in Other current assets | $17.6m | $22.7m | $16.9m | — | $17.3m | $7.6m | $4.6m | $2.3m | — | $7.3m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | $110.1m | $49.7m | ($161.8m) | ($5.4m) | — | |
| Income Taxes Paid, Net | $273.6m | $339.4m | $250.1m | $206.9m | — | $482.6m | $415.2m | $352.3m | $330.1m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.