← THOR INDUSTRIES 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 | $256.5m | $374.3m | $430.2m | $133.3m | $223.0m | $659.9m | $1.1b | $374.3m | $265.3m | $258.6m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | $132.5m | $221.4m | $660.9m | $1.1b | $374.2m | $265.4m | $256.6m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $258.0m | $374.3m | $430.2m | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($1.5m) | $0 | — | — | — | — | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | ($810k) | ($1.6m) | $998k | $439k | ($31k) | $92k | ($2.0m) | |
| Depreciation, Depletion and Amortization | $52.6m | $98.3m | $93.2m | $148.8m | $196.2m | $230.6m | $284.5m | $276.9m | $277.1m | $271.2m | |
| Depreciation | $24.6m | $34.3m | $38.1m | $73.1m | $98.9m | $113.4m | $127.5m | $136.1m | $144.6m | $152.2m | |
| Amortization | $28.0m | — | — | — | — | — | — | — | — | — | |
| Amortization of Debt Issuance Costs | $131k | $1.6m | $1.6m | $6.2m | $10.7m | $15.4m | $11.3m | $11.5m | $18.3m | $7.3m | |
| Amortization of Intangible Assets | $28.0m | $63.9m | $55.1m | $75.6m | $97.2m | $117.2m | $156.9m | $140.8m | $132.5m | $119.0m | |
| Deferred Income Tax Expense (Benefit) | ($14.3m) | ($39.2m) | $15.5m | ($9.1m) | ($9.7m) | ($8.9m) | ($48.1m) | ($37.8m) | ($28.0m) | ($29.1m) | |
| Share-based Payment Arrangement, Noncash Expense | $9.4m | $12.5m | $17.0m | $18.9m | $19.9m | $30.5m | $31.4m | $39.5m | $37.9m | $30.9m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $2.5m | $4.6m | $7.7m | $4.4m | $3.8m | $8.3m | $18.0m | $7.3m | $16.2m | $14.3m | |
| Goodwill, Impairment Loss | $9.1m | — | — | $0 | $1.0m | $0 | $0 | $0 | $0 | $0 | |
| Gain (Loss) on Disposition of Property Plant Equipment | $35k | $2.2m | $1.4m | ($739k) | ($4.0m) | ($1.1m) | $7.6m | $3.3m | $9.6m | $24.5m | |
| Income (Loss) from Equity Method Investments | — | — | — | — | — | — | — | ($10.4m) | ($13.1m) | ($3.8m) | |
| Income Tax Expense (Benefit) | $125.3m | $182.1m | $202.9m | $52.2m | $51.5m | $183.7m | $321.6m | $125.1m | $83.4m | $39.6m | |
| Other Nonoperating Income (Expense) | $1.2m | $5.4m | $4.0m | ($1.8m) | $305k | $30.3m | $17.3m | $11.3m | $13.6m | $45.6m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $15.8m | $92.3m | $2.4m | ($136.1m) | $115.2m | $234.7m | ($39.2m) | ($313.4m) | $60.2m | ($6.7m) | |
| Increase (Decrease) in Inventories | $15.6m | $56.6m | $77.4m | ($283.3m) | ($133.3m) | $538.8m | $381.5m | ($110.0m) | ($236.9m) | ($29.1m) | |
| Increase (Decrease) in Accounts Payable | $28.6m | $67.1m | ($40.7m) | ($120.5m) | $60.5m | $229.2m | ($116.6m) | ($120.7m) | ($101.9m) | $90.4m | |
| Proceeds from Stock Options Exercised | $0 | — | — | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), Realized | — | — | — | ($70.8m) | $0 | $0 | — | — | — | — | |
| Goodwill | $377.7m | $377.7m | $377.7m | $1.4b | $1.5b | $1.6b | $1.8b | $1.8b | $1.8b | $1.8b | |
| Investment Income, Interest | $743k | $923k | $2.1m | $8.1m | $3.1m | $797k | $1.1m | — | — | — | |
| Unrealized Gain (Loss) on Derivatives | — | — | — | ($9.5m) | — | — | — | — | — | — | |
| Derivative, Gain (Loss) on Derivative, Net | — | — | — | — | — | $10.2m | $9.3m | ($675k) | $0 | $0 | |
| Net Cash Provided by (Used in) Operating Activities | $341.2m | $419.3m | $466.5m | $508.0m | $540.9m | $526.5m | $990.3m | $981.6m | $545.5m | $577.9m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $52.0m | $115.0m | $138.2m | $739k | $4.0m | $1.1m | $7.6m | $3.3m | $9.6m | $24.5m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $557.7m | $5.0m | — | $1.7b | $0 | $310.9m | $782.0m | $6.2m | $7.3m | $0 | |
| Payments for (Proceeds from) Other Investing Activities | $560k | $1.3m | ($1.3m) | $2.2m | $5.2m | ($9.3m) | $41.0m | $21.8m | $24.8m | $4.8m | |
| Net Cash Provided by (Used in) Investing Activities | ($601.5m) | ($116.7m) | ($183.5m) | ($1.9b) | ($84.2m) | ($428.5m) | ($1.0b) | ($222.5m) | ($146.8m) | ($64.5m) | |
| Cash flows from financing activities: | |||||||||||
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | $165.1m | $42.0m | $68.4m | $52.6m | |
| Payments of Ordinary Dividends, Common Stock | $63.0m | $69.4m | $78.0m | $84.1m | — | — | — | — | — | — | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | $1.2m | ($10.2m) | ($15.8m) | ($16.9m) | $25.1m | $23.4m | ($15.4m) | |
| Net Cash Provided by (Used in) Financing Activities | $286.7m | ($289.3m) | ($231.0m) | $1.5b | ($392.9m) | ($188.4m) | ($47.8m) | ($635.7m) | ($337.7m) | ($426.3m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $0 | ($5.6m) | $26.3m | ($2.2m) | ($30.2m) | $6.2m | ($975k) | ($1.9m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $0 | $176.0m | $90.1m | ($92.7m) | ($137.0m) | $129.7m | $60.1m | $85.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $451.3m | $541.4m | $448.7m | $311.7m | $441.2m | $501.3m | $586.6m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $672k | $8.6m | $3.9m | $57.2m | $101.8m | $78.9m | $74.5m | $95.4m | $86.4m | $58.6m | |
| Income Taxes Paid, Net | $128.4m | $198.6m | $218.8m | $87.8m | $56.8m | $226.5m | $380.9m | $143.1m | $147.1m | $108.8m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.