MSA Safety Incorporated
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $278.9M | $285.0M | $58.6M | $179.6M | $21.3M | $124.1M | $138.0M | $124.2M |
| Depreciation & Amortization | $71.6M | $64.3M | $60.8M | $47.1M | $45.4M | $39.7M | $38.0M | $37.9M |
| Depreciation | $49.7M | $45.6M | $41.8M | $36.7M | $33.0M | $27.7M | $26.5M | $26.9M |
| Amortization | $20.7M | $17.8M | $18.1M | $19.1M | $16.8M | $11.6M | $11.1M | $10.5M |
| Stock-Based Compensation | $15.2M | $18.2M | $30.0M | $19.7M | $18.9M | $6.9M | $13.8M | $12.2M |
| Net Cash from Operating Activities | $363.9M | $296.4M | $92.9M | $157.5M | $199.1M | $206.6M | $165.0M | $263.9M |
| Investing Activities | ||||||||
| Capital Expenditures | $68.4M | $54.2M | $42.8M | $42.6M | $43.8M | $48.9M | $36.6M | $34.0M |
| Business Acquisitions | $189.3M | $0 | $0 | $0 | $392.4M | $0 | $33.2M | $0 |
| Net Cash from Investing Activities | $-257.6M | $-53.8M | $-40.0M | $-4.5M | $-415.5M | $-72.8M | $-64.2M | $-84.4M |
| Financing Activities | ||||||||
| Dividends Paid | $82.3M | $78.8M | $73.5M | $71.5M | $68.6M | $66.6M | $63.5M | $57.2M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-105.5M | $-208.7M | $-52.3M | $-113.4M | $203.9M | $-126.5M | $-84.6M | $-163.3M |
| Net Change in Cash | $895.0K | $16.7M | $-16.0M | $23.0M | $-19.6M | $8.5M | $11.9M | $2.7M |
| Free Cash Flow | $295.4M | $242.2M | $50.1M | $114.9M | $155.3M | $157.7M | $128.4M | $229.9M |