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AAON, Inc. (AAON)
NASDAQ: AAON · Real-Time Price · USD
80.48
+3.96 (5.18%)
Sep 11, 2026, 2:04 PM EDT - Market open

AAON, Inc. Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Net Income
159.29118.12107.59100.25122.09158.84168.56190.92186.37179.83177.62169.47148.87119.13100.3867.6655.7760.4458.7671.46
Depreciation & Amortization
85.2281.3379.3676.5673.8868.4462.9258.5153.4949.9446.7943.2240.2938.5935.4333.731.9430.1630.4229.2
Other Amortization
0.350.380.390.290.210.180.150.140.120.10.080.070.050.040.040.040.040.040.040.04
Loss (Gain) From Sale of Assets
-0-0-0-0.02-0.02-0.02-0.02--0.03-0.02-0.01-0.010.01-0-0.01-0.02-0.03-0.02-0.02-6.43
Stock-Based Compensation
19.921.6717.9917.3417.0716.7916.7317.117.0116.8216.3815.5714.6214.1113.713.2612.9312.1611.8111.58
Provision & Write-off of Bad Debts
-0.260.060.270.590.421.091.110.751.190.01-0.15-0.46-0.42-0.42-0.070.340.210.340.04-0.04
Other Operating Activities
42.5430.5931.2918.76-10.43-1.4-7.56-6.26-1.25-6.23-4.93-12.37-13.6-10.62-10.571.991.2814.277.77
Change in Accounts Receivable
-215.62-234.96-278.84-235.04-186.85-194.48-100.67-54.27-43.7216.64-40.02-40.47-40.65-51.93-65.71-63.92-58.47-50.17-7.853.48
Change in Inventory
-97.44-115.15-73.88-70.99-50.67-1.1127.0836.2731.61.33-16.23-41.96-55.46-56.23-71.41-71.24-74.36-60.37-45.96-25.44
Change in Accounts Payable
80.3881.6552.975.1255.1648.5516.96-0.95-5.25-11.97-18.32-22.67-9.79-11.0711.5713.136.7412.3210.910.58
Change in Unearned Revenue
-2138.8165.763.586.89-0.111.16-3.196.6-5.61-7.67-12.22-9.5-3.413.8823.721.4115.41-0.230.2
Change in Income Taxes
-11.91-12.25-23.33-24.38-2.33-16.83-5.29-1.13-2.27-8.34-11.31.944.9219.8318.20.06-4.285.26-1.141.92
Change in Other Net Operating Assets
45.0933.4921.0320.018.171111.395.54-17.0113.9316.6424.9343.4914.9115.8911.193.51-1.040.132.21
Operating Cash Flow
86.5443.740.53-17.9433.5890.95192.53243.44226.87246.44158.9125.05122.8472.9461.3229.89-3.3125.5461.18106.52
Operating Cash Flow Growth (YoY)
157.72%-51.90%-99.72%--85.20%-63.10%21.17%94.67%84.69%237.85%159.13%318.31%-185.59%0.22%-71.94%--78.72%-52.50%-14.33%

Investing Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Capital Expenditures
-205.33-188.97-190.56-224.36-212.79-207.7-195.66-120.77-109.05-110.05-104.29-73.34-65.43-68.93-76.02-76.31-71.43-52.99-55.36-61.48
Sale of Property, Plant & Equipment
--0.040.280.050.050.030.020.040.040.130.130.10.110.010.010.030.020.020.02
Cash Acquisitions
---------------0.25-103.68-103.68-103.68-103.43-
Sale (Purchase) of Intangibles
-12.58-18.42-14.33-13.92-14.48-17.15-17.49-19.63-15.26-9.25-5.2---------
Sale (Purchase) of Real Estate
------------22-22-22------
Other Investing Activities
14.0614.0712.440.050.050.050.050.050.050.050.050.050.050.050.050.050.050.050.056.47
Investing Cash Flow
-203.85-193.31-192.42-237.95-227.17-224.75-213.08-140.33-124.21-119.21-109.31-95.16-87.27-90.77-76.21-179.93-175.03-156.59-158.72-54.99

Financing Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Long-Term Debt Issued
--915.39---722.08---603.17---225.76---40-
Total Debt Issued
1,111932.33915.39965.85860.5838.69722.08567.73593.86617.32603.17524.79416.88305.93225.76191.1134.96540-
Long-Term Debt Repaid
---672.2----601.09----629.79----194.87-----
Total Debt Repaid
-980.03-759.83-672.2-661.39-629.1-586.04-601.09-586.29-582.33-690.73-629.79-516.6-438.62-287.38-194.87-114.93-28.68---
Net Debt Issued (Repaid)
130.63172.51243.19304.47231.39252.65120.99-18.5611.53-73.42-26.628.19-21.7418.5530.8976.18106.226540-
Issuance of Common Stock
36.2215.8517.1419.4926.0726.3731.8633.6525.8427.2533.2637.44036.1123.1417.5715.6914.621.1517.47
Repurchase of Common Stock
-5.03-4.62-39.73-39.87-43.7-143.33-108.07-107.59-128.68-28.32-26.31-31.05-8.05-10.7-13.76-14.84-17.53-20.15-22.47-25.26
Common Dividends Paid
-32.7-32.65-32.6-30.95-29.28-27.62-26.08-26.07-26.52-26.54-26.45-32.77-35.92-29.38-22.92-20.08-19.95-19.95-19.95-19.87
Other Financing Activities
-0.4-2.79-1.4-1.64-1.64-0.25-0.66-0.42-0.42-0.82-0.4-0.4-0.4-------
Financing Cash Flow
128.71148.29186.61251.49182.83107.8218.03-118.98-118.24-101.85-46.51-18.62-26.1114.5817.3658.8384.4339.5118.74-27.66

Net Cash Flow

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Net Cash Flow
11.41-1.28-5.28-4.4-10.76-25.98-2.51-15.87-15.5925.393.0711.279.46-3.252.46-91.21-93.91-91.54-78.823.87

Free Cash Flow

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Free Cash Flow
-118.79-145.23-190.03-242.3-179.21-116.75-3.13122.67117.82136.454.651.7157.414.02-14.71-46.42-74.74-27.455.8245.04
Free Cash Flow Growth (YoY)
-------137.23%105.22%3296.29%---------90.46%-34.77%
Free Cash Flow Margin
-6.15%-8.98%-13.18%-18.42%-14.24%-9.26%-0.26%10.14%9.87%11.71%4.67%4.63%5.48%0.41%-1.65%-6.02%-11.21%-4.56%1.09%8.75%
Free Cash Flow Per Share
-1.43-1.75-2.29-2.91-2.15-1.40-0.041.471.411.630.660.620.700.05-0.18-0.57-0.93-0.340.070.56
Levered Free Cash Flow
-213.76-215.13-235.69-290.11-207.56-140.17-51.2687.7184.8478.7913.0211.8912.79-5.02-18.59-62.46-89.59-45.19-17.5430.23
Unlevered Free Cash Flow
-200.25-203.03-225-282.17-202.08-136.92-49.689.1986.4481.1415.9614.8815.6-2.82-16.99-61.37-89.09-45.03-17.530.19

Additional Metrics

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Cash Interest Paid
21.2719.0216.6112.198.494.932.812.682.744.094.824.724.513.422.411.510.530.12--
Cash Income Tax Paid
2.5112.4212.9321.8934.0750.1549.9258.5258.463.5263.3850.9541.9619.2919.2916.0516.137.857.898.09
Change in Working Capital
-220.49-208.4-236.36-231.71-169.63-152.97-49.37-17.72-30.035.99-76.89-90.44-66.98-87.89-77.57-87.09-105.45-78.59-44.14-7.06
SEC Filings: 10-K · 10-Q