For the year ending 2025-12-31, ALLE had -$147.6M decrease in cash & cash equivalents over the period. $685.7M in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net earnings | 643.8 | 597.5 | 540.6 | 458.3 |
| Depreciation and amortization | 133.2 | 119 | 111.6 | 97.9 |
| Impairment of intangible assets | 0 | 0 | 7.5 | 0 |
| Loss on assets held for sale | - | - | - | 0 |
| Loss on divestitures | - | 0 | 0 | -7.1 |
| Share-based compensation | 29.8 | 28.2 | 26.4 | 24.5 |
| Unrealized (gain) loss on investments, net | 0.9 | -1 | -0.8 | -0.2 |
| Deferred income taxes | 10.2 | 44.2 | 67.7 | 71.3 |
| Other items | 7.3 | -2.4 | -0.8 | 12.6 |
| Accounts and notes receivable | -23.7 | 6.7 | 11.9 | 53.4 |
| Inventories | 38.9 | -16.7 | -44.6 | 61.7 |
| Accounts payable | -34.4 | 3.6 | -33.6 | 2.5 |
| Other assets and liabilities | 30.4 | -37.7 | -16.9 | 42.8 |
| Net cash provided by operating activities | 783.8 | 675 | 600.6 | 459.5 |
| Capital expenditures | 98.1 | 92.1 | 84.2 | 64 |
| Acquisition of and equity investments in businesses, net of cash acquired | 592.2 | 137.2 | 31.7 | 923.1 |
| Proceeds from sale of equity method investment | - | - | 0 | 0 |
| Other investing activities, net | -4.8 | -0.9 | 13.2 | 7 |
| Net cash used in investing activities | -685.5 | -228.4 | -129.1 | -994.1 |
| Debt repayments | 216.1 | 413.3 | 12.6 | 12.6 |
| Proceeds from revolving facility | 561.9 | 0 | 30 | 340 |
| Repayments of revolving facility | 371.3 | 0 | 99 | 271 |
| Proceeds from issuance of 2021 term facility | - | - | 0 | 0 |
| Proceeds from issuance of senior notes | 0 | 400 | 0 | 600 |
| Repayments of debt, net | -25.5 | -13.3 | -81.6 | 656.4 |
| Debt financing costs | 1.4 | 7.6 | 0 | 10.2 |
| Dividends paid to ordinary shareholders | 175.3 | 167 | 158.7 | 143.9 |
| Proceeds from stock options exercised | 23.6 | 14.7 | - | - |
| Repurchase of ordinary shares | 80 | 220 | 59.9 | 61 |
| Other financing activities, net | -8.1 | -1.3 | 1.5 | -4.3 |
| Net cash used in financing activities | -266.7 | -394.5 | -298.7 | 437 |
| Effect of exchange rate changes on cash and cash equivalents | 20.8 | -16.4 | 7.3 | -12.3 |
| Net (decrease) increase in cash and cash equivalents | -147.6 | 35.7 | 180.1 | -109.9 |
| Cash and cash equivalents at beginning of period | 503.8 | 468.1 | 288 | 397.9 |
| Cash and cash equivalents at end of period | 356.2 | 503.8 | 468.1 | 288 |
Allegion plc (ALLE)
Allegion plc (ALLE)