Carpenter Technology Corporation
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $529.8M | $376.0M | $186.5M | $56.4M | $-49.1M | $-229.6M | $1.5M | $167.0M |
| Depreciation & Amortization | $147.1M | $139.2M | $134.6M | $131.0M | $131.4M | $123.6M | $123.9M | $121.5M |
| Depreciation | $124.8M | $116.7M | $111.8M | $107.9M | $107.6M | $104.7M | $111.0M | $108.1M |
| Amortization | $5.6M | $5.7M | $6.5M | $6.8M | $6.9M | $6.9M | $8.3M | $7.3M |
| Stock-Based Compensation | $26.4M | $22.8M | $19.8M | $16.4M | $10.8M | $10.4M | $10.9M | $17.6M |
| Net Cash from Operating Activities | $605.0M | $440.4M | $274.9M | $14.7M | $6.0M | $250.0M | $231.8M | $232.4M |
| Investing Activities | ||||||||
| Capital Expenditures | $242.7M | $154.3M | $96.6M | $82.3M | $91.3M | $100.5M | $171.4M | $180.3M |
| Business Acquisitions | — | — | — | — | — | $0 | $0 | $79.0M |
| Net Cash from Investing Activities | $-242.7M | $-152.9M | $-95.9M | $-82.3M | $-89.1M | $-78.9M | $-171.2M | $-244.6M |
| Financing Activities | ||||||||
| Dividends Paid | $40.3M | $40.3M | $40.0M | $39.4M | $39.2M | $39.1M | $38.8M | $38.6M |
| Stock Repurchases | $179.1M | $101.9M | $0 | $0 | — | — | — | — |
| Net Cash from Financing Activities | $-286.8M | $-167.1M | $-23.3M | $-40.1M | $-52.8M | $-76.1M | $107.8M | $-19.4M |
| Net Change in Cash | $77.8M | $116.4M | $154.6M | $-109.7M | $-133.2M | $94.3M | $166.1M | $-29.2M |
| Free Cash Flow | $362.3M | $286.1M | $178.3M | $-67.6M | $-85.3M | $149.5M | $60.4M | $52.1M |