A. O. Smith Corporation (AOS) quarterly cash flow statement — complete operating, investing & financing history
A. O. Smith Corporation (AOS) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | 175.6M | 124.4M | 129.4M | 183.1M | 255.4M | 139.6M | 38.7M | 221.9M | 195.9M | 57.4M | 106.6M | 231.3M | 178.8M | 140.3M | 119.9M | 176.7M | 160.3M | 37.9M | 16.5M | 264.3M |
| Operating CF Margin % | 18.67% | 12.39% | 13.68% | 20.07% | 27.1% | 13.8% | 4.01% | 24.32% | 21.7% | 5.6% | 10.89% | 23.41% | 19.07% | 14.6% | 12.41% | 18.88% | 18.34% | 3.92% | 1.69% | 26.55% |
| Operating CF Growth % | -31.25% | -10.89% | 234.37% | -17.49% | 30.37% | 143.21% | -63.7% | -4.06% | 9.56% | -59.09% | -11.09% | 30.9% | 11.54% | 270.18% | 626.67% | -33.14% | -11.34% | -58.62% | -84.2% | 14.07% |
| Net Income | 126.3M | 124.9M | 118M | 125.4M | 132M | 152.2M | 136.6M | 109.7M | 120.1M | 156.2M | 147.6M | 137.3M | 135.4M | 157M | 126.9M | -120.1M | 109.8M | 126.2M | 119.8M | 139.6M |
| Depreciation & Amortization | 24M | 24.6M | 23.9M | 22.3M | 21.6M | 20.5M | 20.7M | 19.3M | 20.3M | 19.6M | 19.6M | 20.8M | 19.4M | 18.9M | 19.2M | 20.4M | 18.2M | 18M | 20.3M | 19.9M |
| Stock-Based Compensation | 3.4M | 2.7M | 6.6M | 2.5M | 2.7M | 2.5M | 6.1M | 2.2M | 2.3M | 2.1M | 8.3M | 1.4M | 1.5M | 1.6M | 7M | 700K | 1.4M | 1.4M | 7.6M | 1.6M |
| Deferred Taxes | 900K | 6.8M | 18.3M | -800K | 18.8M | -4.1M | -5M | -3.7M | 600K | -4.4M | 2.9M | -3.8M | -40.3M | 0 | 0 | 0 | -37.8M | -37.4M | 0 | 0 |
| Other Non-Cash Items | 0 | 12.4M | 0 | 0 | 0 | 0 | 0 | 4.7M | 0 | 0 | 0 | 3.8M | 40.3M | -4.5M | 15.6M | 249.6M | 37.8M | 37.4M | 0 | 0 |
| Working Capital Changes | 21M | -47M | -37.4M | 33.7M | 80.3M | -31.5M | -119.7M | 89.7M | 52.6M | -116.1M | -71.8M | 71.8M | 22.5M | -32.7M | -48.8M | 26.1M | 30.9M | -107.7M | -131.2M | 103.2M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -16.4M | 0 | 0 | 0 | 42.5M | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18.1M | 0 | 0 | 0 | -82.8M | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.7M | 0 | 0 | 0 | 40.3M | 0 | 0 | 0 | 0 |
| Cash from Investing | -12.2M | 8.7M | -480.5M | -16.3M | -34.9M | 9M | -10.8M | -156M | -51M | 11.1M | -71.2M | 6.7M | -64.6M | 43.6M | -9.8M | -50.2M | 17.4M | 38.8M | 2.1M | -214.6M |
| Capital Expenditures | -12.7M | -10M | -10.5M | -17.6M | -14.8M | -17.1M | -21.3M | -30.6M | -32.5M | -22.9M | -22M | -29.9M | -18.5M | -13.5M | -10.7M | -19.4M | -20.2M | -17.8M | -12.9M | -29.8M |
| CapEx % of Revenue | 1.35% | 1% | 1.11% | 1.93% | 1.57% | 1.69% | 2.21% | 3.35% | 3.6% | 2.24% | 2.25% | 3.03% | 1.97% | 1.41% | 1.11% | 2.07% | 2.31% | 1.84% | 1.32% | 2.99% |
| Acquisitions | 500K | 0 | -470M | 0 | 0 | 0 | 0 | -124.6M | 0 | -200K | -21.1M | -700K | -16.1M | 0 | -900K | 8M | -37.6M | -8M | 0 | -198.6M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 900K | -8M | 37.6M | 56.6M | 0 | 0 |
| Cash from Financing | -111.4M | -137.7M | 361.3M | -146.5M | -245.5M | -146M | -95.1M | -40.7M | -144M | -103.1M | -120.6M | -184M | -209.5M | -193.7M | -97.5M | -110.7M | -140.9M | -123.1M | -56.1M | -92.5M |
| Debt Issued (Net) | 35.4M | 22.5M | 463.3M | -30.8M | -115M | 31.7M | 76.5M | 76.6M | -21.2M | 21.1M | -6.8M | -3.2M | -75.6M | -135.6M | -3.7M | 56M | -7.1M | 3M | 98.7M | 90.3M |
| Equity Issued (Net) | -98.2M | -110.6M | -51.8M | -64.4M | -84.1M | -130.7M | -120.6M | -68.7M | -83.9M | -78.7M | -74.5M | -145.1M | -91.8M | -16.5M | -53.1M | -121.5M | -91.6M | -82.5M | -107.9M | -154.5M |
| Dividends Paid | -48.9M | -49.6M | -50.2M | -50.6M | -47.6M | -48.3M | -49.2M | -49.5M | -46.7M | -46.9M | -47.3M | -47.8M | -45.1M | -45.2M | -45.4M | -46.1M | -43.2M | -43.7M | -44.2M | -44.7M |
| Share Repurchases | -98.2M | -111.1M | -51.3M | -65.4M | -84.1M | -130.7M | -120.6M | -68.7M | -83.9M | -78.7M | -74.5M | -145.1M | -91.8M | -16.5M | -53.1M | -121.5M | -91.6M | -82.5M | -107.9M | -154.5M |
| Other Financing | 300K | 0 | 0 | -700K | 1.2M | 1.3M | -1.8M | 900K | 7.8M | 1.4M | 8M | 12.1M | 3M | 3.6M | 4.7M | 900K | 1M | 100K | -2.7M | 16.4M |
| Net Change in Cash | 53.2M | -3.9M | 10.7M | 21.8M | -25.2M | 4.9M | -66.6M | 20.3M | 3.2M | -35.5M | -88.3M | 58.9M | -97.9M | -27.3M | 15M | 32.4M | -600K | -46.4M | -37.5M | -42.8M |
| Free Cash Flow | 162.9M | 114.4M | 118.9M | 165.5M | 240.6M | 122.5M | 17.4M | 191.3M | 163.4M | 34.5M | 84.6M | 201.4M | 160.3M | 126.8M | 109.2M | 157.3M | 140.1M | 20.1M | 3.6M | 234.5M |
| FCF Margin % | 17.32% | 11.39% | 12.57% | 18.14% | 25.53% | 12.11% | 1.81% | 20.97% | 18.1% | 3.37% | 8.64% | 20.38% | 17.1% | 13.2% | 11.3% | 16.8% | 16.03% | 2.08% | 0.37% | 23.56% |
| FCF Growth % | -32.29% | -6.61% | 583.33% | -13.49% | 47.25% | 255.07% | -79.43% | -5.01% | 1.93% | -72.79% | -22.53% | 28.04% | 14.42% | 530.85% | 2933.33% | -32.92% | -15.7% | -74.23% | -95.88% | 10.82% |
| FCF per Share | 1.20 | 0.83 | 0.85 | 1.18 | 1.71 | 0.85 | 0.12 | 1.31 | 1.11 | 0.23 | 0.57 | 1.35 | 1.06 | 0.84 | 0.72 | 1.03 | 0.89 | 0.13 | 0.02 | 1.46 |
| FCF Conversion (FCF/Net Income) | 1.39x | 1.00x | 1.10x | 1.46x | 1.93x | 0.92x | 0.28x | 2.02x | 1.63x | 0.37x | 0.72x | 1.68x | 1.32x | 0.89x | 0.94x | -1.47x | 1.46x | 0.30x | 0.14x | 1.89x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |