A. O. Smith Corporation (AOS)

A. O. Smith Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	546.2	533.6	556.6	235.7	487.1
Depreciation & Amortization	85.1	78.8	78.3	76.9	77.9
Asset Writedown & Restructuring Costs	-	4.7	15.6	-	-
Stock-Based Compensation	13.8	14.9	11.5	11.1	11.9
Other Operating Activities	8.9	-4.6	-4.5	249.6	-
Change in Accounts Receivable	-	49	-16.4	42.5	-25.5
Change in Inventory	-	-40.5	18.1	-82.8	-109.5
Change in Accounts Payable	-	-5.9	-21.4	-89.4	142.9
Change in Income Taxes	-	0.6	4.1	-8.8	21.7
Change in Other Net Operating Assets	-37.2	-48.8	28.4	-43.4	34.6
Operating Cash Flow	616.8	581.8	670.3	391.4	641.1
Operating Cash Flow Growth	6.02%	-13.20%	71.26%	-38.95%	14.05%
Capital Expenditures	-70.8	-108	-72.6	-70.3	-75.1
Cash Acquisitions	-	-145.9	-16.8	-8	-207.6
Investment in Securities	17.8	-13.2	65.3	86.4	-67.2
Investing Cash Flow	-53	-267.1	-24.1	8.1	-349.9
Long-Term Debt Issued	1,087	69.7	-	150.6	83.5
Long-Term Debt Repaid	-1,125	-	-218.1	-	-
Net Debt Issued (Repaid)	-37.6	69.7	-218.1	150.6	83.5
Issuance of Common Stock	1	18.1	23.4	-	32.1
Repurchase of Common Stock	-400.8	-305.8	-306.5	-403.5	-366.5
Common Dividends Paid	-195.7	-190.4	-183.5	-177.2	-170.1
Other Financing Activities	-	-	-	-0.7	-
Financing Cash Flow	-633.1	-408.4	-684.7	-430.8	-421
Foreign Exchange Rate Adjustments	4.2	-6.6	-12.8	-20.8	-
Net Cash Flow	-65.1	-100.3	-51.3	-52.1	-129.8
Free Cash Flow	546	473.8	597.7	321.1	566
Free Cash Flow Growth	15.24%	-20.73%	86.14%	-43.27%	12.01%
Free Cash Flow Margin	14.26%	12.41%	15.51%	8.55%	15.99%
Free Cash Flow Per Share	3.85	3.22	3.96	2.06	3.51
Cash Income Tax Paid	-	187.7	189.5	175.4	131.2
Levered Free Cash Flow	437.96	390	497.16	185.19	431.68
Unlevered Free Cash Flow	446.4	394.19	504.66	191.06	434.36
Change in Working Capital	-37.2	-45.6	12.8	-181.9	64.2

Updated Jan 29, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q