← WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP
| 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 | $304.9m | $262.3m | $294.9m | $326.7m | $414.4m | $558.0m | $633.0m | $815.0m | $1.1b | $1.2b | |
| Net Income (Loss) Available to Common Stockholders, Basic | $313.4m | $262.3m | $291.7m | $326.5m | $412.3m | $556.0m | $641.0m | $825.0m | $1.1b | $1.2b | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $313.4m | $262.3m | $291.7m | $326.5m | $412.3m | $565.0m | $641.0m | $825.0m | $1.1b | $1.2b | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $8.5m | $29k | ($3.2m) | ($200k) | ($2.1m) | $7.0m | $8.0m | $10.0m | $11.0m | $13.0m | |
| Depreciation and amortization | $69.8m | $103.2m | $109.3m | $401.4m | $473.3m | $491.0m | $479.0m | $531.0m | $503.0m | $501.0m | |
| Amortization of Intangible Assets | $22.7m | $36.5m | $39.8m | $238.4m | $282.4m | $287.0m | $291.0m | $321.0m | $303.0m | $300.0m | |
| Depreciation | $47.1m | $66.7m | $66.4m | $157.8m | $183.1m | $198.0m | $182.0m | $204.0m | $196.0m | $195.0m | |
| Deferred Income Tax Expense (Benefit) | ($10.2m) | ($67.4m) | ($5.3m) | ($27.3m) | $29.4m | $88.0m | $36.0m | ($58.0m) | $51.0m | $11.0m | |
| Share-based Payment Arrangement, Noncash Expense | $20.8m | $21.3m | $25.3m | $50.0m | $19.5m | $46.0m | $41.0m | $47.0m | $66.0m | $80.0m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $6.7m | $6.8m | $12.3m | $6.3m | — | $7.0m | $7.0m | $16.0m | $25.0m | $40.0m | |
| Share-based Payment Arrangement, Expense | $20.8m | $21.3m | $25.3m | $50.0m | $19.5m | $46.0m | $49.0m | $59.0m | $85.0m | $94.0m | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | — | — | $0 | $0 | ($38.0m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($232k) | ($1.9m) | ($898k) | ($15.9m) | ($9.6m) | $4.0m | ($3.0m) | ($7.0m) | ($4.0m) | ($2.0m) | |
| Income (Loss) from Equity Method Investments | $0 | $2.6m | $1.9m | $8.1m | $9.7m | $20.0m | $17.0m | $25.0m | $8.0m | $2.0m | |
| Income Tax Expense (Benefit) | $99.4m | $89.8m | $75.9m | $120.3m | $144.9m | $172.0m | $213.0m | $267.0m | $343.0m | $409.0m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $201.0m | $225.0m | |
| Other Nonoperating Income (Expense) | $1.0m | $3.1m | $1.1m | ($1.7m) | $100k | $1.0m | ($1.0m) | $32.0m | $2.0m | ($2.0m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | ($19.7m) | $68.7m | $54.6m | $6.3m | ($315.0m) | $76.0m | $52.0m | $195.0m | $34.0m | $36.0m | |
| Increase (Decrease) in Inventories | ($45.3m) | $9.0m | $108.9m | ($255.9m) | ($180.8m) | $41.0m | $368.0m | $58.0m | $117.0m | $182.0m | |
| Increase (Decrease) in Accounts Payable | ($18.9m) | ($91.7m) | $48.8m | ($144.3m) | ($269.0m) | $109.0m | $306.0m | ($58.0m) | $70.0m | $34.0m | |
| Foreign Currency Transaction Gain (Loss), Realized | ($4.0m) | ($6.6m) | ($5.7m) | ($13.5m) | ($8.2m) | $8.0m | $6.0m | ($20.0m) | ($19.0m) | ($6.0m) | |
| Goodwill | $2.1b | $2.5b | $2.4b | $8.4b | $8.5b | $8.6b | $8.5b | $8.8b | $8.7b | $10.2b | |
| Nonoperating Income (Expense) | ($3.0m) | ($966k) | $6.4m | $2.8m | $11.6m | $38.0m | $29.0m | $44.0m | $2.0m | $24.0m | |
| Operating Expenses | $465.9m | $643.6m | $760.4m | $1.6b | $1.4b | $1.5b | $1.5b | $1.7b | $1.8b | $2.0b | |
| Unrealized Gain (Loss) on Derivatives | — | — | — | — | — | — | — | — | — | $19.0m | |
| Net Cash Provided by (Used in) Operating Activities | $449.3m | $188.8m | $314.7m | $1.0b | $783.7m | $1.1b | $1.0b | $1.2b | $1.8b | $1.8b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $50.2m | $89.5m | $93.3m | $185.3m | $136.4m | $130.0m | $149.0m | $186.0m | $207.0m | $260.0m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $183.1m | $921.5m | $51.2m | $3.0b | $40.3m | $435.0m | $89.0m | $308.0m | $168.0m | $2.5b | |
| Payments for (Proceeds from) Other Investing Activities | — | — | $14.1m | $0 | $0 | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($775.1m) | ($275.7m) | ($147.3m) | ($3.2b) | ($155.4m) | ($540.0m) | ($235.0m) | ($492.0m) | ($343.0m) | ($2.7b) | |
| Cash flows from financing activities: | |||||||||||
| Payments for Repurchase of Common Stock | $212.2m | $0 | $0 | — | $207.2m | $300.0m | $473.0m | $409.0m | $1.1b | $223.0m | |
| Payments of Ordinary Dividends, Common Stock | $32.4m | $42.2m | $46.3m | $81.7m | $92.5m | $92.0m | $111.0m | $123.0m | $140.0m | $173.0m | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | ($4.6m) | ($1.0m) | $7.0m | $2.0m | $3.0m | ($11.0m) | |
| Net Cash Provided by (Used in) Financing Activities | $524.2m | ($97.4m) | $2.0b | $461.5m | ($619.0m) | ($653.0m) | ($708.0m) | ($633.0m) | ($1.4b) | $1.0b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($26.4m) | $32.3m | $2.1b | ($1.7b) | ($5.5m) | ($126.0m) | $68.0m | $79.0m | $95.0m | $74.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $1.1b | $233.4m | $2.3b | $604.2m | $598.7m | $473.0m | $541.0m | $620.0m | $715.0m | $789.0m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | $193.1m | $174.2m | $164.0m | $179.0m | $210.0m | $181.0m | $219.0m | |
| Income Taxes Paid, Net | $121.6m | $89.4m | $83.9m | $99.5m | $128.8m | $123.0m | $157.0m | $233.0m | $237.0m | $342.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.