For the quarter ending 2026-03-31, AVY had $52,300K increase in cash & cash equivalents over the period. $108,200K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-27 | 2025-06-28 |
|---|---|---|---|---|
| Net income | 168,100 | 166,400 | 166,300 | 189,000 |
| Depreciation | 53,300 | 51,800 | 54,300 | 51,500 |
| Amortization | 33,500 | 33,700 | 29,700 | 29,300 |
| Provision for credit losses and sales returns | 11,600 | 12,000 | 13,900 | 13,400 |
| Stock-based compensation | 5,800 | 5,200 | 8,000 | 6,800 |
| Deferred taxes and other non-cash taxes | -21,100 | -5,200 | -2,700 | 2,800 |
| Other non-cash expense and loss (income and gain), net | -14,200 | -17,100 | -10,900 | -300 |
| Trade accounts receivable | - | -44,000 | - | - |
| Inventories | - | -53,200 | - | - |
| Accounts payable | - | -144,400 | - | - |
| Taxes on income | - | -5,100 | - | - |
| Other assets | - | -3,800 | - | - |
| Other liabilities | - | -194,300 | - | - |
| Changes in assets and liabilities and other adjustments | -28,800 | - | -65,900 | 223,600 |
| Net cash provided by (used in) operating activities | 136,500 | 376,800 | 312,100 | 208,800 |
| Purchases of property, plant and equipment | 28,300 | 67,100 | 35,900 | 30,000 |
| Purchases of software and other deferred charges | 7,700 | 8,500 | 7,700 | 7,600 |
| Proceeds from company-owned life insurance policies | - | 0 | - | - |
| Purchases of argentine blue chip swap securities | - | 0 | 0 | 0 |
| Proceeds from sales of argentine blue chip swap securities | - | 0 | 0 | 0 |
| Proceeds from sales of property, plant and equipment | 700 | 2,400 | 4,500 | 15,700 |
| Proceeds from insurance and sales (purchases) of investments, net | 3,200 | -1,000 | -4,300 | 2,000 |
| Proceeds from settlement of net investment hedges | 0 | 0 | 0 | 0 |
| Payment for settlement of net investment hedges | - | 26,100 | - | - |
| Payments for acquisitions, net of cash acquired, and venture investments | 500 | 391,100 | 0 | 8,100 |
| Net cash used in investing activities | -32,600 | -491,400 | -43,400 | -28,000 |
| Net increase (decrease) in borrowings with maturities of three months or less | 93,200 | -59,500 | -334,200 | 19,700 |
| Additional long-term borrowings | - | -300 | 576,800 | - |
| Repayments of long-term debt and finance leases | 1,700 | 1,100 | 6,700 | 26,600 |
| Dividends paid | 72,300 | 72,400 | 73,100 | 73,500 |
| Share repurchases | 60,600 | 118,700 | 93,600 | 98,400 |
| Net (tax withholding) proceeds related to stock-based compensation | 9,200 | 100 | 100 | 700 |
| Proceeds from settlement of fair value hedges | - | 32,800 | - | - |
| Payments for settlement of fair value hedges | 0 | 0 | 0 | 0 |
| Other | - | 0 | -16,200 | 15,900 |
| Net cash used in financing activities | -50,600 | -219,300 | 52,900 | -163,600 |
| Effect of foreign currency translation on cash balances | -1,000 | 400 | -1,200 | 2,800 |
| Increase (decrease) in cash and cash equivalents | 52,300 | -333,500 | 320,400 | 20,000 |
| Cash and cash equivalents, beginning of year | 202,800 | 536,300 | 215,900 | 195,900 |
| Cash and cash equivalents, end of period | 255,100 | 202,800 | 536,300 | 215,900 |
Avery Dennison Corp (AVY)
Avery Dennison Corp (AVY)