The Toro Company
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $267.7M | $231.0M | $201.6M | $173.9M | $154.8M | $129.5M | $117.7M | $93.2M |
| Depreciation & Amortization | $65.0M | $64.1M | $63.1M | $53.1M | $54.1M | $53.6M | $48.5M | $45.0M |
| Depreciation | $54.7M | $53.4M | $50.3M | $47.1M | $48.2M | $46.8M | $43.5M | $42.1M |
| Amortization | $9.9M | $9.6M | $11.4M | $6.0M | $5.8M | $6.0M | $5.0M | $2.9M |
| Stock-Based Compensation | $13.5M | $10.6M | $10.8M | $11.3M | $10.2M | $9.5M | $8.5M | $6.4M |
| Net Cash from Operating Activities | $360.7M | $384.3M | $249.6M | $182.4M | $221.9M | $185.8M | $113.9M | $193.5M |
| Investing Activities | ||||||||
| Capital Expenditures | $58.3M | $50.7M | $56.4M | $71.1M | $49.4M | $43.2M | $57.4M | $48.7M |
| Business Acquisitions | $24.2M | $0 | $198.3M | $715.0K | $2.1M | $9.7M | $15.2M | $9.7M |
| Net Cash from Investing Activities | $-83.8M | — | — | — | — | — | — | $-60.8M |
| Financing Activities | ||||||||
| Dividends Paid | $75.8M | $65.9M | $55.5M | $45.0M | $32.5M | $26.2M | $25.0M | $23.7M |
| Stock Repurchases | $159.4M | $110.0M | $106.0M | $103.0M | $99.6M | $93.4M | $130.0M | $135.8M |
| Net Cash from Financing Activities | $-245.3M | — | — | — | — | — | — | $-142.3M |
| Net Change in Cash | $36.7M | $147.3M | $-188.6M | $131.9M | $57.1M | — | $-96.5M | $-10.4M |
| Free Cash Flow | $302.5M | $333.6M | $193.2M | $111.2M | $172.4M | $142.6M | $56.4M | $144.8M |