For the year ending 2025-12-31, GTES had $130,200K increase in cash & cash equivalents over the period. $404,900K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-28 | 2023-12-30 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 276,300 | 219,900 | 256,400 | 242,500 |
| Depreciation and amortization | 213,800 | 216,900 | 217,500 | 217,200 |
| Foreign exchange and other non-cash financing (income) expense | 25,200 | 44,200 | 24,800 | -5,800 |
| Share-based compensation expense | 27,200 | 28,800 | 27,400 | 44,300 |
| Decrease in postretirement benefit obligations, net | -17,400 | -9,000 | -9,900 | -16,000 |
| Deferred income taxes | -26,000 | -12,100 | -65,700 | -79,700 |
| Asset impairments | 3,500 | 0 | 100 | 2,600 |
| Loss on deconsolidation of russian subsidiary | 0 | -12,700 | - | - |
| Disposal of property, plant and equipment | -300 | 7,300 | - | - |
| Other operating activities | 4,300 | -100 | 5,300 | 6,600 |
| Accounts receivable | -18,400 | -8,400 | -45,600 | 129,300 |
| Inventories | -14,300 | 64,000 | -24,500 | -2,900 |
| Accounts payable | 4,300 | -27,600 | -17,800 | -15,900 |
| Prepaid expenses and other assets | -29,700 | -37,300 | -22,300 | -50,300 |
| Taxes payable | -18,600 | -900 | -14,500 | -24,400 |
| Other liabilities | -26,800 | 20,800 | 14,600 | -41,100 |
| Net cash provided by operating activities | 478,100 | 379,600 | 481,000 | 265,800 |
| Purchases of property, plant and equipment | 73,200 | 83,100 | 61,200 | 77,600 |
| Purchases of intangible assets | 40,700 | 23,600 | 10,200 | 9,400 |
| Purchases of investments | 0 | 11,300 | - | - |
| Proceeds from sale of investments | 0 | 5,000 | - | - |
| Cash paid under company-owned life insurance policies | 11,500 | 5,400 | 18,200 | 11,600 |
| Cash received under company-owned life insurance policies | 4,900 | 14,500 | 6,600 | 6,000 |
| Proceeds from the sale of property, plant and equipment | 2,300 | 12,000 | 1,200 | - |
| Cash deconsolidated from previously controlled subsidiary | 0 | 12,500 | - | - |
| Other investing activities | 800 | 0 | 0 | -1,900 |
| Net cash used in investing activities | -119,000 | -104,400 | -81,800 | -90,700 |
| Issuance of shares | 10,400 | 14,900 | 18,700 | 15,900 |
| Repurchase of shares | 119,300 | 176,100 | 251,700 | 175,900 |
| Proceeds from long-term debt | 0 | 1,840,000 | 100,000 | 645,000 |
| Payments of long-term debt | 123,400 | 1,948,400 | 119,600 | 676,900 |
| Debt issuance costs paid | 0 | 21,600 | 1,300 | 23,300 |
| Employee taxes paid from shares withheld | 21,000 | - | - | - |
| Dividends paid to non-controlling interests | 6,500 | 13,000 | 18,200 | 28,700 |
| Other financing activities | 8,700 | 17,500 | 13,800 | -9,200 |
| Net cash used in financing activities | -251,100 | -286,700 | -258,300 | -253,100 |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | 22,200 | -27,700 | 1,700 | -1,500 |
| Net increase (decrease) in cash and cash equivalents and restricted cash | 130,200 | -39,200 | 142,600 | -79,500 |
| Cash and cash equivalents at beginning of period | 684,800 | 724,000 | 581,400 | 660,900 |
| Cash and cash equivalents at end of period | 815,000 | 684,800 | 724,000 | 581,400 |
Gates Industrial Corp plc (GTES)
Gates Industrial Corp plc (GTES)