A.O. Smith Corp
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $124.9M | $118.0M | $125.4M | $132.0M | $152.2M | $136.6M | $109.7M | $120.1M |
| Depreciation & Amortization | $24.6M | $23.9M | $22.3M | $21.6M | $20.5M | $20.7M | $19.3M | $20.3M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $124.4M | $129.4M | $183.1M | $255.4M | $139.6M | $38.7M | $221.9M | $195.9M |
| Investing Activities | ||||||||
| Capital Expenditures | $10.0M | $10.5M | $17.6M | $14.8M | $17.1M | $21.3M | $30.6M | $32.5M |
| Business Acquisitions | $0 | $470.0M | $0 | $0 | $0 | $0 | $124.6M | $0 |
| Net Cash from Investing Activities | $8.7M | $-480.5M | $-16.3M | $-34.9M | $9.0M | $-10.8M | $-156.0M | $-51.0M |
| Financing Activities | ||||||||
| Dividends Paid | $49.6M | $50.2M | $50.6M | $47.6M | $48.3M | $49.2M | $49.5M | $46.7M |
| Stock Repurchases | $111.1M | $51.3M | $65.4M | $84.1M | $130.7M | $120.6M | $68.7M | $83.9M |
| Net Cash from Financing Activities | $-137.7M | $361.3M | $-146.5M | $-245.5M | $-146.0M | $-95.1M | $-40.7M | $-144.0M |
| Net Change in Cash | $-3.9M | $10.7M | $21.8M | $-25.2M | $4.9M | $-66.6M | $20.3M | $3.2M |
| Free Cash Flow | $114.4M | $118.9M | $165.5M | $240.6M | $122.5M | $17.4M | $191.3M | $163.4M |