← Zurn Elkay Water Solutions 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 | $67.9m | $74.1m | $75.9m | $34.3m | $180.1m | $120.9m | $61.7m | $112.7m | $160.2m | $198.0m | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | $66.8m | $52.7m | $11.1m | $165.7m | $120.9m | — | — | — | — | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $67.5m | $74.1m | $76.0m | $34.3m | $180.4m | $120.9m | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $68.9m | $74.1m | $76.0m | $189.0m | $182.2m | $49.7m | $57.0m | $104.2m | $158.9m | $192.4m | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | $76.0m | $189.0m | $182.2m | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | ($1.4m) | $0 | $0 | ($154.7m) | ($1.8m) | $71.2m | $4.7m | $8.5m | $1.3m | $5.6m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | ($400k) | $0 | $100k | $0 | $300k | — | — | — | — | — | |
| Depreciation, Depletion and Amortization | $115.4m | $105.4m | $89.7m | $87.9m | $86.6m | $44.1m | $20.5m | $29.2m | $29.2m | $30.0m | |
| Amortization of Debt Issuance Costs | $2.0m | $2.4m | $1.9m | $1.5m | $2.1m | — | — | — | — | — | |
| Amortization of Intangible Assets | $57.4m | $42.1m | $33.6m | $34.0m | $35.4m | $23.5m | $34.0m | $58.7m | $59.1m | $58.7m | |
| Depreciation | $58.0m | $63.3m | $56.1m | $58.0m | $51.2m | $44.1m | $20.5m | $29.2m | $29.2m | $30.0m | |
| Deferred Income Tax Expense (Benefit) | ($26.1m) | ($26.7m) | ($75.6m) | ($31.9m) | ($1.6m) | ($8.2m) | $2.9m | ($6.0m) | ($13.3m) | ($4.9m) | |
| Share-based Payment Arrangement, Noncash Expense | $7.5m | $13.4m | $20.5m | $22.6m | $26.9m | $51.4m | $25.0m | $40.0m | $37.9m | $40.6m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | $3.2m | $7.6m | $32.3m | $700k | $3.1m | $8.6m | $600k | |
| Share-based Payment Arrangement, Expense | $7.5m | $13.4m | $20.5m | $22.6m | $26.9m | $37.5m | $25.0m | $40.0m | $37.9m | $40.6m | |
| Goodwill, Impairment Loss | — | — | $111.2m | $126.0m | — | — | — | $0 | $0 | $0 | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $0 | — | — | — | — | — | — | — | — | $0 | |
| Restructuring Costs and Asset Impairment Charges | $12.9m | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | — | — | ($11.4m) | $0 | $0 | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($600k) | ($200k) | ($900k) | ($500k) | $700k | $10.1m | ($300k) | $2.7m | ($600k) | ($4.0m) | |
| Gain (Loss) on Extinguishment of Debt | $0 | ($7.8m) | ($11.9m) | $4.3m | $1.0m | ($20.4m) | $0 | ($900k) | $0 | $0 | |
| Income (Loss) from Equity Method Investments | — | — | — | $3.6m | $0 | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $17.1m | $7.9m | ($19.5m) | $53.4m | $54.1m | $2.7m | $26.8m | $42.6m | $48.1m | $63.9m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $33.1m | $28.6m | |
| Other Nonoperating Income (Expense) | $3.1m | ($5.2m) | ($3.1m) | ($1.2m) | ($3.8m) | ($700k) | $1.7m | ($7.2m) | ($5.9m) | $5.5m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Inventories | ($37.7m) | ($22.5m) | ($11.5m) | $24.7m | ($100k) | $79.5m | $17.6m | ($65.0m) | ($2.7m) | $100k | |
| Increase (Decrease) in Accounts Payable | ($32.4m) | ($5.3m) | $13.0m | ($1.3m) | ($3.7m) | $99.1m | ($18.3m) | ($60.8m) | $15.8m | ($6.8m) | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($3.0m) | $3.7m | $3.4m | $1.9m | $3.9m | ($400k) | ($1.0m) | ($900k) | ($800k) | ($700k) | |
| Goodwill | $1.2b | $1.3b | $1.3b | $1.3b | $1.3b | $254.1m | $777.0m | $796.0m | $794.2m | $795.0m | |
| Inventory Write-down | $9.5m | $7.6m | $7.4m | $3.1m | $4.6m | $900k | $800k | $3.4m | $11.6m | $2.2m | |
| Investment Income, Interest | — | — | — | — | — | — | — | — | $7.8m | $7.6m | |
| Payments of Financing Costs | $900k | $11.8m | $11.0m | $0 | $0 | $28.8m | $0 | $0 | — | — | |
| Pension Expense (Reversal of Expense), Noncash | — | — | — | — | — | — | — | — | — | ($10.7m) | |
| Proceeds from Contributions from Affiliates | — | — | — | — | — | $486.8m | $0 | $0 | — | — | |
| Proceeds from Stock Options Exercised | $5.1m | $11.0m | $6.0m | $7.9m | $36.0m | $24.9m | $2.5m | $4.3m | $8.7m | $7.9m | |
| Net Cash Provided by (Used in) Operating Activities | $219.0m | $195.1m | $228.5m | $258.1m | $298.6m | $223.6m | $97.0m | $253.9m | $293.5m | $346.5m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $52.1m | $54.5m | $40.7m | $42.5m | $41.4m | $23.3m | $7.6m | $21.3m | $21.8m | $29.9m | |
| Payments to Acquire Businesses, Net of Cash Acquired | ($1.1m) | $213.7m | $173.6m | $23.4m | $84.5m | $17.1m | $44.8m | $0 | $0 | — | |
| Net Cash Provided by (Used in) Investing Activities | ($45.2m) | ($264.0m) | ($208.8m) | ($53.3m) | ($123.1m) | ($21.9m) | ($6.6m) | ($4.6m) | ($20.2m) | ($29.9m) | |
| Cash flows from financing activities: | |||||||||||
| Repayments of Long-term Debt | $19.5m | $1.9b | $1.8b | $369.0m | $835.6m | $1.1b | $107.7m | $77.9m | $800k | $800k | |
| Proceeds from Issuance of Common Stock | $0 | $36k | $5k | $0 | $0 | $43k | $0 | — | — | — | |
| Payments for Repurchase of Common Stock | $40.0m | $0 | $0 | $0 | $100.7m | $900k | $24.7m | $125.1m | $150.2m | $159.9m | |
| Payments of Ordinary Dividends, Common Stock | — | — | $0 | $0 | $9.8m | $36.4m | $32.5m | $50.4m | $56.6m | $63.9m | |
| Proceeds from Noncontrolling Interests | $0 | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | ($56.3m) | $79.9m | ($308.8m) | ($116.7m) | $114.9m | ($356.2m) | ($61.1m) | ($239.2m) | ($207.5m) | ($217.3m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($3.2m) | ($5.5m) | $16.6m | ($13.2m) | ($9.5m) | ($4.5m) | ($1.1m) | $1.8m | ($4.5m) | $3.2m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($3.2m) | ($5.5m) | ($272.5m) | $74.9m | $280.9m | ($159.0m) | $28.2m | $11.9m | $61.3m | $102.5m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($3.2m) | ($5.5m) | $217.6m | $292.5m | $573.4m | ($4.5m) | ($1.1m) | $1.8m | ($4.5m) | $3.2m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Income Taxes Paid, Net | — | — | — | — | — | — | — | — | — | $63.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.