AOS: the cashflow

MyFinsight

For the year ending 2025-12-31, AOS had -$65,100K decrease in cash & cash equivalents over the period. $546,000K in free cash flow.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Cash Flow	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Net earnings	546,200	533,600	556,600	235,700
Depreciation and amortization	85,100	78,800	78,300	76,900
Stock based compensation expense	13,800	14,900	11,500	11,100
Deferred income taxes	8,900	-4,600	-3,800	-
Non-cash impairments	0	4,700	15,600	-
Pension settlement income	0	0	-900	417,300
Pension settlement non-cash taxes	0	0	-200	167,700
Current assets and liabilities	55,700	22,600	-20,000	194,100
Noncurrent assets and liabilities	-18,500	23,000	7,200	-12,200
Cash provided by operating activities	616,800	581,800	670,300	391,400
Capital expenditures	70,800	108,000	72,600	70,300
Acquisitions	0	145,900	16,800	8,000
Investments in marketable securities	42,700	73,700	63,100	91,600
Net proceeds from sales of marketable securities	60,500	60,500	128,400	178,000
Cash used in investing activities	-53,000	-267,100	-24,100	8,100
Proceeds from debt	1,087,300	-	-	150,600
Long-term debt incurred (repaid)	-	69,700	-218,100	-
Repayments of debt	1,124,900	-	-	-
Common stock repurchases	400,800	305,800	306,500	403,500
Net proceeds from stock option activity	-1,000	-18,100	-23,400	700
Dividends paid	195,700	190,400	183,500	177,200
Cash used in financing activities	-633,100	-408,400	-684,700	-430,800
Effect of exchange rate changes on cash and cash equivalents	4,200	-6,600	-12,800	-20,800
Net decrease in cash and cash equivalents	-65,100	-100,300	-51,300	-52,100
Cash and cash equivalents at beginning of period	239,600	339,900	391,200	443,300
Cash and cash equivalents at end of period	174,500	239,600	339,900	391,200

Unit: Thousand (K) dollars