For the year ending 2025-12-31, LII had -$363,700K decrease in cash & cash equivalents over the period. $638,800K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 805,800 | 806,900 | 590,100 | 497,100 |
| Loss (gain) on sale from previous dispositions | 900 | -1,500 | 14,100 | - |
| Impairment on net assets held for sale | 0 | 0 | 63,200 | - |
| Income from equity method investments | 6,000 | 7,900 | 8,500 | 5,100 |
| Dividends from affiliates | 6,600 | 3,000 | 500 | 1,700 |
| Restructuring charges, net of cash paid | 3,300 | 0 | 2,600 | 1,000 |
| Provision for credit (gains) losses | -1,900 | 8,000 | 9,800 | 6,900 |
| Unrealized losses (gains), net on derivative contracts | -4,800 | 2,300 | -6,000 | -1,700 |
| Stock-based compensation expense | 29,100 | 28,500 | 30,100 | 21,800 |
| Depreciation and amortization | 112,500 | 95,100 | 86,000 | 77,900 |
| Deferred income taxes | 20,200 | -24,500 | -26,000 | -15,200 |
| Pension expense | 4,300 | 4,200 | 3,200 | 6,000 |
| Pension contributions | 8,000 | 9,300 | 15,000 | 22,500 |
| Other items, net | 0 | 0 | 500 | 1,100 |
| Accounts and notes receivable | -108,900 | 80,400 | 32,700 | 112,400 |
| Inventories | 228,200 | 10,100 | -11,100 | 249,300 |
| Other current assets | 27,800 | 8,300 | -7,100 | 7,300 |
| Accounts payable | -74,200 | 115,000 | -29,200 | 28,200 |
| Accrued expenses | -69,500 | 30,400 | 65,000 | 13,700 |
| Income taxes payable and receivable, net | 58,600 | -21,900 | -24,100 | 56,400 |
| Leases, net | -12,100 | -5,500 | -3,100 | -1,700 |
| Other, net | -7,900 | -12,300 | -8,500 | -1,100 |
| Net cash provided by operating activities | 757,600 | 945,700 | 736,200 | 302,300 |
| Proceeds from the disposal of property, plant and equipment | 1,400 | 2,500 | 2,100 | 1,600 |
| Purchases of property, plant and equipment | 118,800 | 163,600 | 250,200 | 101,100 |
| Acquisition of business | - | - | 94,900 | - |
| Acquisitions, net of cash | 545,000 | -1,800 | - | - |
| Net proceeds from previous disposition | 0 | -7,700 | 23,200 | - |
| Purchases of short-term investments, net | - | - | - | 3,500 |
| Proceeds from (purchases of) investments and other | -6,800 | 7,400 | -100 | - |
| Net cash used in investing activities | -655,600 | -174,400 | -319,700 | -103,000 |
| Short-term debt payments | - | - | - | 0 |
| Commercial paper borrowings | 1,368,800 | 424,100 | 150,000 | 0 |
| Commercial paper payments | 1,142,800 | 574,100 | - | - |
| Borrowings from debt arrangements | 300,000 | 156,700 | 190,000 | 407,000 |
| Payments on debt arrangements | 18,900 | 194,300 | 540,000 | 307,000 |
| Long-term debt payments | - | - | 364,400 | 12,900 |
| Issuance of senior unsecured notes | 0 | 0 | 500,000 | - |
| Long-term debt borrowings | - | - | - | 0 |
| Payment of senior unsecured notes | 300,000 | - | - | - |
| Proceeds from long-term lines of credit | 200,000 | - | 1,721,000 | 2,537,500 |
| Repayments of long-term lines of credit | 200,000 | - | 1,893,000 | 2,352,000 |
| Payments of deferred financing costs | 2,300 | 0 | 5,400 | 0 |
| Proceeds from employee stock purchases | 4,000 | 4,500 | 3,900 | 3,600 |
| Repurchases of common stock | 482,300 | 53,600 | 0 | 300,000 |
| Repurchases of common stock to satisfy employee withholding tax obligations | 19,200 | 21,600 | 14,900 | 8,300 |
| Cash dividends paid | 173,000 | 160,300 | 153,400 | 142,000 |
| Net cash used in financing activities | -465,700 | -418,600 | -406,200 | -174,100 |
| (decrease) increase in cash, cash equivalents and restricted cash equivalents | -363,700 | 352,700 | 10,300 | 25,200 |
| Effect of exchange rate changes on cash | 1,300 | 1,700 | -2,200 | -3,600 |
| Cash and cash equivalents at beginning of period | 415,100 | 60,700 | 52,600 | 31,000 |
| Cash and cash equivalents at end of period | 52,700 | 415,100 | 60,700 | 52,600 |
LENNOX INTERNATIONAL INC (LII)
LENNOX INTERNATIONAL INC (LII)