A.O. Smith Corp
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $546.2M | $533.6M | $556.6M | $235.7M | $487.1M | $344.9M | $370.0M | $444.2M |
| Depreciation & Amortization | $85.1M | $78.8M | $78.3M | $76.9M | $77.9M | $80.0M | $78.3M | $71.9M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $14.8M | $12.7M | $12.6M | $12.8M | $12.3M | $14.5M | $15.8M | $14.3M |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $616.8M | $581.8M | $670.3M | $391.4M | $641.1M | $562.1M | $456.2M | $448.9M |
| Investing Activities | ||||||||
| Capital Expenditures | $70.8M | $108.0M | $72.6M | $70.3M | $75.1M | $56.8M | $64.4M | $85.2M |
| Business Acquisitions | $0 | $145.9M | $16.8M | $8.0M | $207.6M | $0 | $107.0M | $0 |
| Net Cash from Investing Activities | $-53.0M | $-267.1M | $-24.1M | $8.1M | $-349.9M | $11.8M | $33.9M | $-12.7M |
| Financing Activities | ||||||||
| Dividends Paid | $195.7M | $190.4M | $183.5M | $177.2M | $170.1M | $158.7M | $149.2M | $130.1M |
| Stock Repurchases | $400.8M | $305.8M | $306.5M | $403.5M | $366.5M | $56.7M | $287.7M | $202.6M |
| Net Cash from Financing Activities | $-633.1M | $-408.4M | $-684.7M | $-430.8M | $-421.0M | $-374.8M | $-375.8M | $-523.1M |
| Net Change in Cash | $-65.1M | $-100.3M | $-51.3M | $-52.1M | $-129.8M | $199.1M | $114.3M | $-86.9M |
| Free Cash Flow | $546.0M | $473.8M | $597.7M | $321.1M | $566.0M | $505.3M | $391.8M | $363.7M |