AAON, Inc. (AAON)

AAON, Inc. Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	118.12	107.59	168.56	177.62	100.38	58.76
Depreciation & Amortization	81.33	79.36	62.92	46.79	35.43	30.42
Stock-Based Compensation	21.67	17.99	16.73	16.38	13.7	11.81
Other Adjustments	31.8	31.95	-6.31	-5.01	-10.61	4.34
Change in Receivables	-125.05	-167.02	-10.04	-9.98	-56.31	-9.74
Changes in Inventories	-115.15	-73.88	27.08	-16.23	-71.41	-45.96
Changes in Accounts Payable	81.65	52.9	16.96	-18.32	11.57	10.9
Changes in Accrued Expenses	38.77	31.87	13.26	15.09	16.95	-1.69
Changes in Income Taxes Payable	-12.25	-23.33	-5.29	-11.3	18.2	-1.14
Changes in Unearned Revenue	43.99	66.59	2.99	-5.07	15.2	0.22
Changes in Other Operating Activities	-120.37	-123.49	-94.33	-31.09	-11.77	3.26
Operating Cash Flow	43.74	0.53	192.53	158.9	61.32	61.18
Operating Cash Flow Growth	-51.90%	-99.72%	21.17%	159.13%	0.22%	-52.50%
Capital Expenditures	-188.97	-190.56	-195.66	-104.29	-76.02	-55.36
Sale of Property, Plant & Equipment	0.01	0.05	0.03	0.13	0.01	0.02
Purchases of Intangible Assets	-18.42	-14.33	-17.49	-5.2	-	-
Payments for Business Acquisitions	-	-	-	-	-0.25	-103.43
Other Investing Activities	2.07	12.44	0.05	0.05	0.05	0.05
Investing Cash Flow	-193.31	-192.42	-213.08	-109.31	-76.21	-158.72
Short-Term Debt Issued	-	-	-	-	-	40
Net Short-Term Debt Issued (Repaid)	-	-	-	-	-	40
Long-Term Debt Issued	932.33	915.39	722.08	603.17	225.76	-
Long-Term Debt Repaid	-759.83	-672.2	-601.09	-629.79	-194.75	-
Net Long-Term Debt Issued (Repaid)	172.51	243.19	120.99	-26.62	31	-
Issuance of Common Stock	15.85	17.14	31.86	33.26	23.14	21.15
Repurchase of Common Stock	-4.62	-39.73	-108.07	-26.31	-13.76	-22.47
Net Common Stock Issued (Repurchased)	11.23	-22.58	-76.21	6.95	9.39	-1.32
Common Dividends Paid	-32.65	-32.6	-26.08	-26.45	-22.92	-19.95
Other Financing Activities	-2.79	-1.4	-0.66	-0.4	-0.12	-
Financing Cash Flow	148.29	186.61	18.03	-46.51	17.36	18.74
Net Cash Flow	-1.28	-5.28	-2.51	3.07	2.46	-78.8
Free Cash Flow	-145.23	-190.03	-3.13	54.6	-14.71	5.82
Free Cash Flow Growth	-	-	-	-	-	-90.46%
FCF Margin	-8.98%	-13.18%	-0.26%	4.67%	-1.65%	1.09%
Free Cash Flow Per Share	-1.75	-2.29	-0.04	0.66	-0.18	0.07
Levered Free Cash Flow	99.63	170.24	117.49	26.59	69.52	39.41
Unlevered Free Cash Flow	-57.08	-58.33	-1.44	56.66	40.31	-0.53

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q