← TORO CO
| 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 | — | — | — | — | $329.7m | $409.9m | $443.3m | $329.7m | $418.9m | $316.1m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $231.0m | $267.7m | $271.9m | $274.0m | — | — | — | — | — | — | |
| Depreciation, Depletion and Amortization | $64.1m | $65.0m | $61.3m | $87.7m | $95.6m | $99.3m | $108.8m | $119.2m | $128.2m | $142.9m | |
| Amortization of Intangible Assets | $9.6m | $9.9m | $7.3m | $18.4m | $19.5m | $23.8m | $33.9m | $35.7m | $34.5m | $30.7m | |
| Depreciation | $53.4m | $54.7m | $53.5m | $69.3m | $76.1m | $75.5m | $74.9m | $83.5m | $93.7m | $112.2m | |
| Deferred Income Tax Expense (Benefit) | $8.6m | ($8.8m) | $22.8m | ($3.6m) | $2.3m | ($25.4m) | ($12.3m) | ($47.9m) | ($27.9m) | ($58.7m) | |
| Share-based Payment Arrangement, Noncash Expense | $10.6m | $13.5m | $12.2m | $13.4m | $15.4m | $21.8m | $22.1m | $19.4m | $23.0m | $19.0m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $1.3m | $4.1m | $2.7m | $2.1m | $2.0m | $2.4m | $3.8m | $3.9m | $2.9m | |
| Share-based Payment Arrangement, Expense | $10.6m | $13.5m | $12.2m | $13.4m | $15.4m | $21.8m | $22.1m | $19.4m | $23.0m | $19.0m | |
| Goodwill, Impairment Loss | — | — | — | — | $0 | $0 | $0 | $133.3m | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | $0 | $0 | $0 | $0 | $0 | — | |
| Gain (Loss) on Disposition of Business | $340k | $0 | $0 | ($484k) | — | — | — | — | — | — | |
| Income (Loss) from Equity Method Investments | $9.6m | $10.0m | $11.1m | $11.9m | $7.7m | $5.7m | $8.8m | $19.2m | $20.8m | $18.7m | |
| Income Tax Expense (Benefit) | $99.5m | $85.5m | $100.5m | $48.1m | $77.4m | $89.9m | $109.2m | $70.8m | $93.9m | $61.5m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $61.9m | $59.1m | |
| Other Nonoperating Income (Expense) | $15.4m | $17.2m | $18.4m | $25.9m | $13.9m | $10.2m | $12.6m | $28.5m | $41.4m | $26.8m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Inventories | ($23.2m) | $15.6m | $29.8m | $104.8m | ($21.0m) | $98.3m | $285.9m | $26.7m | ($27.5m) | ($109.3m) | |
| Increase (Decrease) in Accounts Payable | — | — | — | — | — | — | — | ($149.9m) | $24.3m | ($86.6m) | |
| Foreign Currency Transaction Gain (Loss), before Tax | $974k | $1.5m | $1.1m | $1.6m | $2.0m | — | — | — | — | — | |
| Gain (Loss) Related to Litigation Settlement | $1.3m | ($65k) | ($700k) | ($1.7m) | — | — | — | — | — | — | |
| Goodwill | $194.8m | $205.0m | $225.3m | $362.3m | $424.1m | $421.7m | $583.3m | $450.8m | $450.3m | $450.9m | |
| Investment Income, Interest | $827k | $1.4m | $2.5m | $2.8m | $1.3m | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | $20.2m | $10.3m | $17.2m | $29.3m | $22.2m | $13.1m | $10.3m | $19.7m | $9.1m | $2.1m | |
| Net Cash Provided by (Used in) Operating Activities | $361.9m | $360.7m | $364.8m | $337.4m | $539.4m | $555.5m | $297.2m | $306.8m | $569.9m | $662.0m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $50.7m | $58.3m | $90.1m | $92.9m | $78.1m | $104.0m | $143.5m | $149.5m | $103.5m | $83.7m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $24.2m | $31.2m | $697.5m | $138.2m | $24.9m | $402.4m | $21.0m | $0 | $4.2m | |
| Net Cash Provided by (Used in) Investing Activities | ($39.1m) | ($83.8m) | ($127.9m) | ($772.9m) | ($216.1m) | ($128.5m) | ($548.2m) | ($157.7m) | ($59.7m) | ($77.4m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | — | — | — | $900.0m | $636.0m | $270.0m | $700.0m | — | — | — | |
| Repayments of Long-term Debt | — | — | — | $511.0m | $546.0m | $370.0m | $400.0m | — | — | — | |
| Payments for Repurchase of Common Stock | $112.0m | $159.4m | $160.4m | $20.0m | $0 | $302.3m | $140.0m | $60.0m | $245.5m | $290.0m | |
| Payments of Ordinary Dividends, Common Stock | $65.9m | $75.8m | $85.0m | $96.1m | $107.7m | $112.4m | $125.7m | $141.9m | $149.5m | $151.1m | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | — | — | ($1.5m) | ($5.3m) | ($4.2m) | |
| Net Cash Provided by (Used in) Financing Activities | ($170.4m) | ($245.3m) | ($252.1m) | $299.5m | $2.4m | ($503.7m) | $42.2m | ($147.5m) | ($505.1m) | ($446.1m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | ($1.2m) | $2.4m | $2.4m | ($8.5m) | $3.3m | $1.3m | $3.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($5.2m) | $5.0m | ($5.9m) | ($137.3m) | $328.1m | ($74.3m) | ($217.4m) | $4.9m | $6.4m | $141.5m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $151.8m | $479.9m | $405.6m | $188.2m | $193.1m | $199.5m | $341.0m | |
| Restricted Cash and Investments, Current | $105.5m | $133.5m | $104.3m | — | — | — | — | — | — | — | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $19.9m | $19.5m | $20.0m | $30.2m | $34.1m | $31.6m | $30.5m | $61.1m | $63.0m | $62.5m | |
| Income Taxes Paid, Net | $82.2m | $97.1m | $75.8m | $54.7m | $69.5m | $101.8m | $120.5m | $165.2m | $91.7m | $106.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.