Westinghouse Air Brake Technologies Corporation
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $1.17B | $1.06B | $815.0M | $633.0M | $558.0M | $414.0M | $327.0M | $294.9M |
| Depreciation & Amortization | $501.0M | $503.0M | $531.0M | $479.0M | $491.0M | $473.0M | $401.0M | $109.3M |
| Depreciation | $195.0M | $196.0M | $204.0M | $182.0M | $198.0M | $183.0M | $158.0M | $66.4M |
| Amortization | $300.0M | $303.0M | $321.0M | $291.0M | $287.0M | $282.0M | $238.0M | $39.8M |
| Stock-Based Compensation | $80.0M | $66.0M | $47.0M | $41.0M | $46.0M | $20.0M | $50.0M | $25.3M |
| Net Cash from Operating Activities | $1.76B | $1.83B | $1.20B | $1.04B | $1.07B | $784.0M | $1.02B | $314.7M |
| Investing Activities | ||||||||
| Capital Expenditures | $260.0M | $207.0M | $186.0M | $149.0M | $130.0M | $136.0M | $186.0M | $93.3M |
| Business Acquisitions | $2.52B | $168.0M | $308.0M | $89.0M | $435.0M | $40.0M | $3.00B | $51.2M |
| Net Cash from Investing Activities | $-2.75B | $-343.0M | $-492.0M | $-235.0M | $-540.0M | $-155.0M | $-3.18B | $-147.3M |
| Financing Activities | ||||||||
| Dividends Paid | $173.0M | $140.0M | $123.0M | $111.0M | $92.0M | $93.0M | $82.0M | $46.3M |
| Stock Repurchases | $223.0M | $1.10B | $409.0M | $473.0M | $300.0M | $207.0M | $0 | $0 |
| Net Cash from Financing Activities | $1.03B | $-1.37B | $-633.0M | $-708.0M | $-653.0M | $-619.0M | $461.0M | $1.98B |
| Net Change in Cash | $74.0M | $95.0M | $79.0M | $68.0M | $-126.0M | $-5.0M | $-1.74B | $2.11B |
| Free Cash Flow | $1.50B | $1.63B | $1.02B | $889.0M | $943.0M | $648.0M | $830.0M | $221.4M |