For the quarter ending 2026-03-28, GTES had -$26,800K decrease in cash & cash equivalents over the period. $13,500K in free cash flow.
| Cash Flow | 2026-03-28 | 2025-12-31 | 2025-09-27 | 2025-06-28 |
|---|---|---|---|---|
| Net income | 66,200 | 56,300 | 88,600 | 63,100 |
| Depreciation and amortization | 55,700 | 54,700 | 53,600 | 53,300 |
| Foreign exchange and other non-cash financing income | 8,900 | 4,900 | 7,700 | 4,400 |
| Share-based compensation expense | 6,300 | 4,800 | 6,700 | 9,600 |
| Decrease in post-employment benefit obligations, net | -200 | -4,300 | -8,700 | -1,400 |
| Deferred income taxes | -9,300 | -19,700 | 4,700 | -7,900 |
| Asset impairments | 0 | 2,300 | 400 | 200 |
| Loss on deconsolidation of russian subsidiary | - | 0 | 0 | - |
| Disposal of property, plant and equipment | - | -100 | -200 | 0 |
| Other operating activities | 800 | -400 | -1,100 | 3,200 |
| Accounts receivable | 59,200 | -89,800 | 7,900 | 16,200 |
| Inventories | -9,300 | -21,000 | -9,700 | 1,000 |
| Accounts payable | -34,100 | 45,200 | -24,200 | -19,800 |
| Prepaid expenses and other assets | -8,300 | -28,800 | -13,900 | -9,300 |
| Taxes payable | 7,200 | 12,100 | -29,100 | -10,100 |
| Other liabilities | -11,900 | -16,000 | -1,100 | 25,100 |
| Net cash provided by operating activities | 30,200 | 269,800 | 98,000 | 103,000 |
| Purchases of property, plant and equipment | 16,700 | 18,800 | 17,500 | 19,400 |
| Purchases of intangible assets | 4,800 | 14,700 | 7,300 | 10,000 |
| Purchases of investments | - | 0 | 0 | 0 |
| Proceeds from sale of investments | - | 0 | - | - |
| Cash paid under company-owned life insurance policies | 10,600 | 1,100 | 0 | 3,400 |
| Cash received under company-owned life insurance policies | 3,700 | 2,500 | 0 | 1,900 |
| Proceeds from the sale of property, plant and equipment | 1,300 | 100 | 100 | 100 |
| Cash deconsolidated from previously controlled subsidiary | - | 0 | 0 | - |
| Other investing activities | 100 | 100 | 200 | 200 |
| Net cash used in investing activities | -27,200 | -32,100 | -24,900 | -31,000 |
| Issuance of shares | 500 | 600 | 5,100 | 2,900 |
| Repurchase of shares | 16,600 | 106,300 | 0 | 0 |
| Proceeds from long-term debt | - | 0 | 0 | 0 |
| Payments of long-term debt | 0 | 9,300 | 104,700 | 4,700 |
| Debt issuance costs paid | - | 0 | 0 | 0 |
| Employee taxes paid from shares withheld | 8,600 | 900 | 3,200 | 5,400 |
| Dividends paid to non-controlling interests | 0 | 0 | 3,000 | 1,200 |
| Other financing activities | -400 | -300 | 4,300 | -400 |
| Net cash used in financing activities | -25,100 | -116,200 | -101,500 | -8,800 |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | -4,700 | 1,200 | -2,100 | 16,500 |
| Net decrease in cash and cash equivalents and restricted cash | -26,800 | 122,700 | -30,500 | 79,700 |
| Cash and cash equivalents and restricted cash at the beginning of the period | 815,000 | 692,300 | 722,800 | 643,100 |
| Cash and cash equivalents and restricted cash at the end of the period | 788,200 | 815,000 | 692,300 | 722,800 |
Gates Industrial Corp plc (GTES)
Gates Industrial Corp plc (GTES)