The Toro Company
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $316.1M | $418.9M | $329.7M | $443.3M | $409.9M | $329.7M | $274.0M | $271.9M |
| Depreciation & Amortization | $142.9M | $128.2M | $119.2M | $108.8M | $99.3M | $95.6M | $87.7M | $61.3M |
| Depreciation | $112.2M | $93.7M | $83.5M | $74.9M | $75.5M | $76.1M | $69.3M | $53.5M |
| Amortization | $30.7M | $34.5M | $35.7M | $33.9M | $23.8M | $19.5M | $18.4M | $7.3M |
| Stock-Based Compensation | $19.0M | $23.0M | $19.4M | $22.1M | $21.8M | $15.4M | $13.4M | $12.2M |
| Net Cash from Operating Activities | $662.0M | $569.9M | $306.8M | $297.2M | $555.5M | $539.4M | $337.4M | $364.8M |
| Investing Activities | ||||||||
| Capital Expenditures | $83.7M | $103.5M | $149.5M | $143.5M | $104.0M | $78.1M | $92.9M | $90.1M |
| Business Acquisitions | $4.2M | $800.0K | $21.0M | $402.4M | $24.9M | $138.2M | $697.5M | $31.2M |
| Net Cash from Investing Activities | $-77.4M | $-59.7M | $-157.7M | $-548.3M | $-128.5M | $-216.1M | $-772.9M | $-127.9M |
| Financing Activities | ||||||||
| Dividends Paid | $151.1M | $149.5M | $141.9M | $125.7M | $112.4M | $107.7M | $96.1M | $85.0M |
| Stock Repurchases | $290.0M | $245.5M | $60.0M | $140.0M | $302.3M | $0 | $20.0M | $160.4M |
| Net Cash from Financing Activities | $-446.1M | $-505.1M | $-147.5M | $42.2M | $-503.7M | $2.4M | $299.5M | $-252.1M |
| Net Change in Cash | $141.5M | $6.4M | $4.9M | $-217.4M | $-74.3M | $328.1M | $-137.3M | $-21.1M |
| Free Cash Flow | $578.3M | $466.4M | $157.3M | $153.7M | $451.5M | $461.3M | $244.5M | $274.7M |