Lincoln Electric Holdings, Inc.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $247.5M | $198.4M | $127.4M | $253.9M | $291.7M | $257.2M | $217.0M | $130.2M |
| Depreciation & Amortization | $68.1M | $65.1M | $64.0M | $69.6M | $68.9M | $65.3M | $62.1M | $57.4M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $15.7M | $14.5M | $13.3M | $13.9M | $13.3M | $10.6M | $6.7M | $5.4M |
| Stock-Based Compensation | $12.7M | $10.3M | $7.9M | $8.4M | $9.7M | $9.0M | $6.6M | $8.2M |
| Net Cash from Operating Activities | $334.8M | $312.6M | $312.8M | $401.7M | $338.9M | $327.5M | $193.5M | $157.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $61.7M | $49.9M | $50.5M | $73.0M | $76.0M | $52.7M | $65.8M | $60.6M |
| Business Acquisitions | $72.5M | $71.6M | $37.1M | $24.2M | $53.2M | $134.6M | $66.2M | $18.9M |
| Net Cash from Investing Activities | $-272.0M | — | — | — | — | — | — | $-69.4M |
| Financing Activities | ||||||||
| Dividends Paid | $92.5M | $87.3M | $87.0M | $73.3M | $49.3M | $73.1M | $51.9M | $47.4M |
| Stock Repurchases | $43.2M | $342.0M | $399.5M | $307.2M | $167.9M | $81.0M | $37.0M | $39.7M |
| Net Cash from Financing Activities | $-135.0M | — | — | — | — | — | — | $-109.5M |
| Net Change in Cash | $-52.5M | $75.0M | $25.8M | $-21.4M | $13.4M | $-74.6M | $-5.1M | $-21.9M |
| Free Cash Flow | $273.2M | $262.7M | $262.3M | $328.7M | $262.9M | $274.8M | $127.7M | $96.4M |