Watts Water Technologies Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	340.8	291.2	262.1	251.5	165.7
Depreciation & Amortization	56.8	54.4	43.3	39.7	45.1
Other Amortization	1.6	-	-	-	-
Loss (Gain) From Sale of Assets	0.3	-5.2	0.2	-1.5	1.4
Asset Writedown & Restructuring Costs	-	-	-	1.3	-
Stock-Based Compensation	21.2	19.5	20.2	18.4	22.9
Other Operating Activities	38.5	-14.7	-18.8	-29.6	-8.2
Change in Accounts Receivable	-9.5	3.3	6.2	-20	-30.2
Change in Inventory	-75.4	13.6	27	-16.4	-113.7
Change in Accounts Payable	45.8	8	-8.8	-21.3	98.6
Change in Other Net Operating Assets	-18.1	-9	-20.6	1.9	-0.8
Operating Cash Flow	402	361.1	310.8	224	180.8
Operating Cash Flow Growth	11.33%	16.18%	38.75%	23.89%	-20.98%
Capital Expenditures	-45.7	-35.3	-29.7	-28.1	-26.7
Sale of Property, Plant & Equipment	-	5.9	-	5.2	5.1
Cash Acquisitions	-257.1	-96.3	-313.4	-	-9.1
Other Investing Activities	-	1	-	-	-
Investing Cash Flow	-302.8	-124.7	-343.1	-22.9	-30.7
Long-Term Debt Issued	-	-	240	85	40
Long-Term Debt Repaid	-2.6	-102.7	-92.8	-84.7	-96.4
Net Debt Issued (Repaid)	-2.6	-102.7	147.2	0.3	-56.4
Issuance of Common Stock	-	-	0.1	0.2	0.1
Repurchase of Common Stock	-27.4	-30	-31.8	-82.7	-25.6
Common Dividends Paid	-66.9	-55.5	-46.5	-39.5	-34.3
Other Financing Activities	-	-2.3	-	-	-2.4
Financing Cash Flow	-96.9	-190.5	69	-121.7	-118.6
Foreign Exchange Rate Adjustments	16.3	-9.1	2.6	-10.6	-8.4
Net Cash Flow	18.6	36.8	39.3	68.8	23.1
Free Cash Flow	356.3	325.8	281.1	195.9	154.1
Free Cash Flow Growth	9.36%	15.90%	43.49%	27.13%	-16.70%
Free Cash Flow Margin	14.61%	14.47%	13.67%	9.90%	8.52%
Free Cash Flow Per Share	10.64	9.72	8.39	5.83	4.55
Cash Interest Paid	-	12.7	7.7	5.7	6.9
Cash Income Tax Paid	-	117.2	115.7	85.8	73
Levered Free Cash Flow	243.33	293.51	207.43	179.63	165.98
Unlevered Free Cash Flow	250.08	302.7	212.55	184	169.91
Change in Working Capital	-57.2	15.9	3.8	-55.8	-46.1

Source: S&P Global Market Intelligence. Standard template. Financial Sources.