← TransDigm Group 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 | $586.4m | $596.9m | $957.1m | $889.8m | $699.0m | $680.0m | $866.0m | $1.3b | $1.7b | $2.1b | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | $891.3m | $700.0m | $681.0m | $867.0m | $1.3b | $1.7b | $2.1b | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | $628.5m | $961.5m | $839.3m | $652.0m | $680.0m | $865.0m | $1.3b | $1.7b | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | $840.9m | $653.0m | $681.0m | $866.0m | $1.3b | $1.7b | $2.1b | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | ($31.7m) | ($4.5m) | $50.4m | $47.0m | $0 | $1.0m | $0 | $0 | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | ($1.5m) | ($1.0m) | $1.0m | $1.0m | $1.0m | $1.0m | $0 | |
| Depreciation, Depletion and Amortization | $121.7m | $141.0m | $129.8m | $225.7m | $283.0m | $253.0m | $253.0m | $268.0m | $312.0m | $367.0m | |
| Amortization of Debt Issuance Costs and Discounts | $16.2m | $21.1m | $22.1m | $28.0m | $33.0m | $34.0m | $34.0m | $41.0m | $40.0m | $38.0m | |
| Amortization of Intangible Assets | $77.4m | $89.2m | $72.5m | $135.0m | $169.0m | $137.0m | $136.0m | $139.0m | $161.0m | $201.0m | |
| Depreciation | $43.5m | $50.9m | $56.4m | $89.7m | $114.0m | $115.0m | $116.0m | $129.0m | $149.0m | $163.0m | |
| Deferred Income Tax Expense (Benefit) | $5.8m | ($918k) | ($151.6m) | ($349k) | $24.0m | $34.0m | ($22.0m) | $3.0m | $10.0m | ($10.0m) | |
| Share-based Payment Arrangement, Noncash Expense | $48.3m | $45.5m | $58.5m | $93.4m | $92.7m | $129.0m | $153.0m | $135.0m | $188.0m | $152.0m | |
| Goodwill, Impairment Loss | — | $32.0m | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | $69.0m | $7.0m | $0 | $11.0m | $10.0m | |
| Income (Loss) from Equity Method Investments | $0 | $0 | $0 | $0 | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $181.7m | $208.9m | $24.0m | $222.0m | $87.0m | $34.0m | $261.0m | $417.0m | $500.0m | $555.0m | |
| Other Nonoperating Income (Expense) | — | — | — | ($915k) | $46.0m | $51.0m | ($18.0m) | $13.0m | $28.0m | $47.0m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $80.1m | $54.7m | $43.8m | $82.3m | ($352.0m) | $78.0m | $190.0m | $212.0m | $84.0m | $212.0m | |
| Increase (Decrease) in Inventories | $2.1m | ($5.1m) | $10.8m | $35.7m | $62.0m | ($79.0m) | $134.0m | $261.0m | $104.0m | $156.0m | |
| Increase (Decrease) in Accounts Payable | ($6.7m) | ($10.4m) | $18.1m | ($1.6m) | ($62.0m) | $3.0m | $58.0m | $12.0m | ($11.0m) | $38.0m | |
| Increase (Decrease) in Other Operating Assets | $4.9m | $10.6m | $4.8m | $26.8m | $16.0m | $33.0m | $56.0m | $44.0m | $60.0m | $55.0m | |
| Proceeds from Stock Options Exercised | $30.1m | $21.2m | $57.6m | $81.9m | $116.0m | $128.0m | $132.0m | $215.0m | $245.0m | $166.0m | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | — | — | ($11.0m) | $40.0m | ($14.0m) | ($20.0m) | ($10.0m) | |
| Goodwill | $5.7b | $5.7b | $6.2b | $7.8b | $7.9b | $8.6b | $8.6b | $9.0b | $10.4b | $10.6b | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | — | — | — | $0 | $0 | ($22.0m) | $9.0m | $0 | $0 | |
| Net Cash Provided by (Used in) Operating Activities | $668.9m | $788.7m | $1.0b | $1.0b | $1.2b | $913.0m | $948.0m | $1.4b | $2.0b | $2.0b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $44.0m | $71.0m | $73.3m | $101.6m | $105.0m | $105.0m | $119.0m | $139.0m | $165.0m | $222.0m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $1.4b | $136.3m | $667.6m | $4.0b | $0 | $963.0m | $437.0m | $762.0m | $2.3b | $419.0m | |
| Gains (Losses) on Sales of Investment Real Estate | $0 | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($1.4b) | ($287.0m) | ($683.6m) | ($3.9b) | $799.0m | ($785.0m) | ($553.0m) | ($900.0m) | ($2.4b) | ($595.0m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | — | $2.9b | $12.8b | $0 | $0 | $1.9b | $0 | $0 | — | — | |
| Repayments of Long-term Debt | — | $1.3b | $12.2b | $76.4m | $75.0m | — | — | — | — | — | |
| Payments for Repurchase of Common Stock | $207.8m | $389.8m | $0 | $0 | $19.0m | $0 | $912.0m | $0 | $0 | $500.0m | |
| Payments of Ordinary Dividends, Common Stock | $3.0m | $2.6b | $56.1m | $1.7b | $1.9b | $73.0m | $1.1b | $38.0m | $2.0b | $159.0m | |
| Dividends Payable, Current | — | — | — | — | — | — | — | — | $4.2b | $0 | |
| Dividends Payable | — | — | — | — | — | — | — | — | $4.2b | — | |
| Proceeds from (Payments for) Other Financing Activities | ($3.6m) | ($17.6m) | ($10.8m) | ($1.1m) | ($11.0m) | $0 | ($2.0m) | ($20.0m) | ($8.0m) | ($10.0m) | |
| Net Cash Provided by (Used in) Financing Activities | $1.6b | ($1.4b) | $1.1b | $2.3b | $1.2b | ($70.0m) | ($2.1b) | ($16.0m) | $3.2b | ($4.9b) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $242k | $5.5m | ($1.7m) | ($3.4m) | $8.0m | $12.0m | ($33.0m) | $12.0m | $14.0m | $4.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $242k | $5.5m | ($1.7m) | ($605.5m) | $8.0m | $70.0m | ($1.8b) | $471.0m | $2.8b | ($3.5b) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $1.5b | $4.7b | — | $3.0b | $3.5b | $6.3b | $2.8b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $448.6m | $587.7m | $635.0m | $877.5m | $923.0m | $1.0b | $1.1b | $1.2b | $1.2b | $1.5b | |
| Income Taxes Paid, Net | $183.3m | $185.3m | $129.2m | $215.2m | $223.0m | $83.0m | $220.0m | $260.0m | $539.0m | $640.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.