Lincoln Electric Holdings, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $520.5M | $466.1M | $545.2M | $472.2M | $276.6M | $206.1M | $293.1M | $287.1M |
| Depreciation & Amortization | $98.5M | $88.2M | $86.7M | $78.1M | $81.1M | $80.5M | $81.5M | $72.3M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $29.7M | $27.1M | $26.0M | $21.9M | $21.2M | $20.4M | $20.8M | $15.7M |
| Stock-Based Compensation | $20.3M | $24.1M | $26.2M | $25.3M | $23.8M | $15.4M | $16.6M | $18.6M |
| Net Cash from Operating Activities | $661.2M | $599.0M | $667.5M | $383.4M | $365.1M | $351.4M | $403.2M | $329.2M |
| Investing Activities | ||||||||
| Capital Expenditures | $127.0M | $116.6M | $91.0M | $71.9M | $62.5M | $59.2M | $69.6M | $71.2M |
| Business Acquisitions | $137.5M | $252.7M | $32.7M | $436.3M | $156.1M | $0 | $134.7M | $101.8M |
| Net Cash from Investing Activities | $-257.3M | $-361.2M | $-74.7M | $-504.7M | $-205.4M | $-49.2M | $-192.8M | $20.8M |
| Financing Activities | ||||||||
| Dividends Paid | $168.2M | $162.1M | $148.0M | $130.7M | $121.9M | $118.1M | $117.9M | $102.1M |
| Stock Repurchases | $338.3M | $263.8M | $198.8M | $181.3M | $164.5M | $113.5M | $292.7M | $201.7M |
| Net Cash from Financing Activities | $-461.9M | $-244.6M | $-412.4M | $133.7M | $-221.9M | $-246.1M | $-371.9M | $-302.1M |
| Net Change in Cash | $-68.5M | $-16.5M | $196.6M | $4.2M | $-64.3M | $57.7M | $-159.3M | $32.1M |
| Free Cash Flow | $534.2M | $482.4M | $576.6M | $311.5M | $302.5M | $292.2M | $333.6M | $257.9M |