← WOLVERINE WORLD WIDE INC /DE/
| 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) | ($700k) | $200.3m | $128.9m | — | ($138.6m) | $67.0m | ($39.2m) | $51.5m | — | $101.0m | |
| Net Income (Loss) Attributable to Parent | $300k | $200.1m | $128.5m | ($136.9m) | — | ($188.3m) | ($39.6m) | $45.2m | $95.8m | — | |
| Net Income (Loss) Available to Common Stockholders, Basic | $300k | $192.6m | $125.9m | ($137.7m) | — | — | — | — | — | — | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($700k) | $200.3m | $128.9m | ($138.6m) | — | ($189.1m) | ($39.2m) | $48.8m | $101.0m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | ($1.0m) | $200k | $400k | ($1.7m) | — | ($800k) | $400k | $3.6m | $5.2m | — | |
| Depreciation, Depletion and Amortization | $37.2m | $31.5m | $32.7m | $32.8m | $32.8m | $34.6m | $35.1m | $26.2m | $25.9m | $25.9m | |
| Amortization of Debt Issuance Costs | $2.8m | $2.8m | $1.6m | $2.7m | — | $2.0m | $2.2m | $2.6m | $2.7m | — | |
| Amortization of Intangible Assets | $9.4m | $6.2m | $8.6m | $7.1m | — | $7.9m | $7.2m | $4.8m | $4.8m | — | |
| Depreciation | $27.8m | $25.3m | $24.1m | $25.7m | $32.8m | $26.7m | $27.7m | $21.4m | $21.1m | $25.9m | |
| Deferred Income Tax Expense (Benefit) | ($75.8m) | $22.1m | ($9.0m) | ($56.9m) | — | ($105.7m) | ($95.8m) | $20.6m | $8.0m | — | |
| Deferred income taxes | ($75.8m) | $22.1m | ($9.0m) | — | ($56.9m) | ($14.7m) | ($95.8m) | $21.4m | — | $8.0m | |
| Share-based Payment Arrangement, Noncash Expense | $25.4m | $31.2m | $24.5m | $28.9m | — | $33.4m | $15.2m | $19.1m | $24.4m | — | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $5.5m | $8.8m | — | $24.8m | — | $7.7m | $5.8m | $2.6m | $10.7m | — | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | $68.6m | $0 | $0 | $222.2m | $222.2m | $428.7m | $185.3m | $9.3m | $0 | $0 | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $68.6m | — | — | — | — | — | — | — | — | — | |
| Payments Related to Tax Withholding for Share-based Compensation | ($5.5m) | ($8.8m) | $16.9m | — | $24.8m | $14.1m | $5.8m | $2.6m | — | $10.7m | |
| Gain (Loss) on Disposition of Intangible Assets | — | — | — | — | $0 | $90.0m | $90.4m | $8.5m | $0 | $0 | |
| Gain (Loss) on Disposition of Business | $7.0m | ($300k) | $0 | — | — | — | — | — | — | — | |
| Gain (Loss) on Extinguishment of Debt | $0 | ($600k) | $0 | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | ($9.9m) | $27.1m | $17.0m | ($45.5m) | — | ($63.8m) | ($95.0m) | $9.3m | $20.5m | — | |
| Other Nonoperating Income (Expense) | ($2.4m) | $600k | $4.9m | $2.1m | — | $2.8m | ($2.5m) | $3.3m | $4.1m | — | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $2.7m | $95.0m | ($30.7m) | ($64.8m) | — | ($84.5m) | ($2.8m) | ($16.7m) | ($54.2m) | — | |
| Increase (Decrease) in Inventories | ($45.4m) | $44.5m | $23.8m | ($107.2m) | — | $428.9m | ($286.5m) | ($130.6m) | $20.9m | — | |
| Increase (Decrease) in Accounts Payable | $11.2m | $40.6m | $0 | ($18.9m) | — | $62.6m | ($65.6m) | ($3.4m) | ($30.0m) | — | |
| Environmental Remediation Expense | — | $4.8m | $112.9m | — | — | — | — | — | — | — | |
| Goodwill | $429.8m | $424.4m | $438.9m | $442.4m | — | $485.0m | $427.1m | $424.6m | $431.3m | — | |
| Nonoperating Income (Expense) | ($34.5m) | ($24.5m) | ($25.1m) | ($47.0m) | — | ($44.5m) | ($66.0m) | ($39.4m) | ($28.7m) | — | |
| Operating Expenses | — | — | — | — | — | — | — | $680.5m | $736.5m | — | |
| Pension Cost (Reversal of Cost) | $14.9m | $11.8m | $5.6m | $8.5m | — | $9.3m | $700k | $200k | ($1.0m) | — | |
| Restructuring Costs | $81.9m | $0 | $0 | — | — | — | — | — | — | — | |
| Stock-based compensation expense | $25.4m | $31.2m | $24.5m | — | $28.9m | $38.1m | $15.2m | $19.1m | — | $24.4m | |
| Pension and SERP expense | $14.9m | $11.8m | $5.6m | — | $8.5m | $14.0m | $700k | $200k | — | ($1.0m) | |
| Environmental and other related costs | $32.3m | ($6.1m) | $48.8m | — | $31.5m | $33.7m | ($55.1m) | ($13.3m) | — | ($14.5m) | |
| Other | ($5.1m) | ($2.7m) | ($3.5m) | — | ($1.6m) | ($2.3m) | ($2.7m) | ($3.3m) | — | ($1.6m) | |
| Accounts receivable | ($2.7m) | ($95.0m) | $30.7m | — | $64.8m | ($49.2m) | $2.8m | $16.7m | — | $54.2m | |
| Inventories | $45.4m | ($44.5m) | ($23.8m) | — | $107.2m | ($77.2m) | $286.5m | $127.1m | — | ($20.9m) | |
| Other operating assets | $300k | ($17.8m) | ($5.4m) | — | $7.4m | ($2.3m) | ($16.8m) | ($5.6m) | — | ($17.8m) | |
| Accounts payable | $11.2m | $40.6m | $0 | — | ($18.9m) | $23.0m | ($65.6m) | ($3.4m) | — | ($30.0m) | |
| Income taxes | $46.1m | ($1.9m) | $3.6m | — | ($500k) | $1.6m | ($2.3m) | ($4.3m) | — | $0 | |
| Other operating liabilities | $13.0m | ($19.3m) | ($2.4m) | — | $27.9m | $15.7m | ($36.6m) | ($47.9m) | — | $23.3m | |
| Proceeds from Sales of Assets, Investing Activities | — | $2.2m | $0 | — | $200k | $90.0m | $188.9m | $102.4m | — | $0 | |
| Proceeds from Life Insurance Policy | — | $0 | $0 | — | $26.8m | $0 | $0 | $7.9m | — | $2.2m | |
| Repayments of Lines of Credit | — | $27.7m | $469.3m | — | $898.0m | $435.0m | $743.0m | $619.0m | — | $486.0m | |
| Proceeds from Lines of Credit | — | $152.2m | $704.3m | — | $538.0m | $660.0m | $623.0m | $384.0m | — | $491.0m | |
| Cash Received From Borrowings Against Company Owned Life Insurance Policies | — | — | — | — | $0 | $30.5m | $0 | $7.0m | — | $0 | |
| Proceeds from the exercise of stock options | $21.4m | $24.0m | $12.2m | — | $9.8m | $17.1m | $100k | $3.1m | — | $12.2m | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | $0 | ($7.2m) | $0 | $0 | — | — | — | — | — | — | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment | — | — | — | — | — | — | — | ($900k) | ($2.7m) | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | $700k | ($2.5m) | $7.6m | ($3.1m) | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $202.7m | $97.5m | $222.6m | $309.1m | $309.1m | ($178.9m) | $121.8m | $180.1m | $140.0m | $140.0m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $32.4m | $21.7m | $34.4m | $10.3m | $900k | $36.5m | $14.6m | $20.2m | $14.5m | $0 | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $15.1m | $5.5m | — | $0 | $0 | — | — | — | |
| Payments for (Proceeds from) Other Investing Activities | $5.1m | $2.7m | $3.5m | $1.6m | — | ($3.9m) | $2.7m | $3.3m | $1.6m | — | |
| Net Cash Provided by (Used in) Investing Activities | ($1.0m) | ($22.2m) | ($61.5m) | $6.1m | $6.1m | $54.6m | $171.6m | $86.8m | ($13.9m) | ($13.9m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $0 | $200.0m | $0 | — | — | — | — | — | — | — | |
| Payments of debt issuance and debt extinguishment costs | ($100k) | ($2.7m) | ($300k) | — | ($6.4m) | ($10.4m) | ($900k) | $0 | — | ($3.9m) | |
| Repayments of Long-term Debt | $37.5m | $538.2m | $7.5m | $183.5m | — | $10.0m | $118.3m | $39.2m | $32.5m | — | |
| Payments on long-term debt | ($37.5m) | ($538.2m) | ($7.5m) | — | ($183.5m) | ($730.0m) | ($118.3m) | ($39.2m) | — | ($32.5m) | |
| Payments for Repurchase of Common Stock | $51.5m | $174.7m | $319.2m | $21.0m | — | $81.3m | $0 | $0 | $14.5m | — | |
| Payments of Ordinary Dividends, Common Stock | $23 | $29 | $34 | $34 | — | $33 | $33 | $32 | $33 | — | |
| Purchase of common stock for treasury | ($51.5m) | ($174.7m) | ($319.2m) | — | ($21.0m) | ($39.6m) | $0 | $0 | — | ($14.5m) | |
| Proceeds from Noncontrolling Interests | $800k | $0 | $5.7m | $1.8m | — | $7.0m | $31.2m | $0 | $0 | — | |
| Contributions from noncontrolling interests | $800k | $0 | $5.7m | — | $1.8m | $4.8m | $31.2m | $0 | — | $0 | |
| Cash dividends paid | ($23) | ($29) | ($34) | — | ($34) | ($34) | ($33) | ($32) | — | ($33) | |
| Net Cash Provided by (Used in) Financing Activities | ($98.0m) | ($404.5m) | ($124.6m) | ($154.0m) | ($154.0m) | $107.1m | ($246.3m) | ($299.2m) | ($77.7m) | ($77.7m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | ($9.0m) | $2.0m | ($200k) | $5.8m | — | |
| Effect of foreign exchange rate changes | $7.5m | ($8.7m) | $1.0m | — | $5.6m | ($4.5m) | $2.0m | ($200k) | — | $5.8m | |
| Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation, Total | — | ($337.9m) | $37.5m | — | $166.8m | ($185.7m) | $49.1m | ($32.5m) | — | $54.2m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $166.8m | — | ($26.2m) | $49.1m | ($32.5m) | $54.2m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | $131.5m | $179.0m | $152.1m | $206.3m | — | |
| Cash and cash equivalents at beginning of the year | $369.8m | $481.0m | $143.1m | — | $180.6m | $347.4m | $184.6m | $152.1m | — | $206.3m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $31.5m | $29.0m | $32.4m | $41.4m | $41.4m | $43.0m | $63.5m | $44.1m | $33.5m | $33.5m | |
| Income Taxes Paid, Net | $23.6m | $17.4m | $23.2m | $8.6m | $8.6m | $44.3m | $27.0m | $20.0m | $25.4m | $25.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.