CTS: the cash flow

MyFinsight

For the year ending 2025-12-31, CTS had -$12,039K decrease in cash & cash equivalents over the period. $86,374K in free cash flow.

Cash Flow	2025-12-31
Net earnings	65,317
Depreciation and amortization	34,538
Non-cash inventory charges	0
Pensions and other post-retirement plan expense	168
Stock-based compensation	4,889
Restructuring non-cash charges	0
Deferred income taxes	-412
Change in fair value of contingent consideration liability	-3,575
(gain) loss on foreign currency hedges, net of cash	320
Goodwill prior period adjustment	2,194
Accounts receivable	7,444
Inventories	-1,378
Operating lease assets	-397
Other assets	2,657
Accounts payable	4,183
Accrued payroll and benefits	3,388
Operating lease liabilities	-545
Accrued expenses and other liabilities	5,141
Pension and other post-retirement plans	-147
Net cash provided by operating activities	102,105
Capital expenditures	15,731
Payments for acquisitions, net of cash acquired	0
Short-term investments	2,783
Net cash used in investing activities	-18,514
Payments of long-term debt	1,138,451
Proceeds from borrowings of long-term debt	1,103,651
Purchase of treasury stock	56,178
Dividends paid	4,750
Taxes paid on behalf of equity award participants	2,710
Contingent consideration payments	0
Net cash used in financing activities	-98,438
Effect of exchange rate on cash and cash equivalents	2,808
Net (decrease) increase in cash and cash equivalents	-12,039
Cash and cash equivalents at beginning of year	94,334
Cash and cash equivalents at end of year	82,295

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