A. O. Smith Corporation (AOS)
NYSE: AOS · Real-Time Price · USD
65.26
+0.71 (1.10%)
Nov 9, 2026, 2:00 PM EST - Market open
A. O. Smith Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 | 494.6 | 546.2 | 533.6 | 556.6 | 235.7 | 487.1 |
Depreciation & Amortization | 94.8 | 85.1 | 78.8 | 78.3 | 76.9 | 77.9 |
Asset Writedown & Restructuring Costs | 12.4 | - | 4.7 | 15.6 | - | - |
Stock-Based Compensation | 15.2 | 13.8 | 14.9 | 11.5 | 11.1 | 11.9 |
Other Operating Activities | 25.2 | 8.9 | -4.6 | -4.5 | 249.6 | - |
Change in Accounts Receivable | -36.4 | -36.4 | 49 | -16.4 | 42.5 | -25.5 |
Change in Inventory | 56.9 | 56.9 | -40.5 | 18.1 | -82.8 | -109.5 |
Change in Accounts Payable | -97.9 | -97.9 | -5.9 | -21.4 | -89.4 | 142.9 |
Change in Income Taxes | -3.1 | -3.1 | 0.6 | 4.1 | -8.8 | 21.7 |
Change in Other Net Operating Assets | 50.8 | 43.3 | -48.8 | 28.4 | -43.4 | 34.6 |
Operating Cash Flow | 612.5 | 616.8 | 581.8 | 670.3 | 391.4 | 641.1 |
Operating Cash Flow Growth | -6.57% | 6.02% | -13.20% | 71.26% | -38.95% | 14.05% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Capital Expenditures | -50.8 | -70.8 | -108 | -72.6 | -70.3 | -75.1 |
Cash Acquisitions | -469.5 | - | -145.9 | -16.8 | -8 | -207.6 |
Investment in Securities | 20 | 17.8 | -13.2 | 65.3 | 86.4 | -67.2 |
Investing Cash Flow | -500.3 | -53 | -267.1 | -24.1 | 8.1 | -349.9 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Long-Term Debt Issued | - | 1,087 | 1,100 | 688 | 150.6 | 83.5 |
Long-Term Debt Repaid | - | -1,125 | -1,030 | -906.1 | - | - |
Net Debt Issued (Repaid) | 490.4 | -37.6 | 69.7 | -218.1 | 150.6 | 83.5 |
Issuance of Common Stock | 0.6 | 1 | 18.1 | 23.4 | - | 32.1 |
Repurchase of Common Stock | -326 | -400.8 | -305.8 | -306.5 | -403.5 | -366.5 |
Common Dividends Paid | -199.3 | -195.7 | -190.4 | -183.5 | -177.2 | -170.1 |
Other Financing Activities | - | - | - | - | -0.7 | - |
Financing Cash Flow | -34.3 | -633.1 | -408.4 | -684.7 | -430.8 | -421 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | 3.9 | 4.2 | -6.6 | -12.8 | -20.8 | - |
Net Cash Flow | 81.8 | -65.1 | -100.3 | -51.3 | -52.1 | -129.8 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Free Cash Flow | 561.7 | 546 | 473.8 | 597.7 | 321.1 | 566 |
Free Cash Flow Growth | -1.77% | 15.24% | -20.73% | 86.14% | -43.27% | 12.01% |
Free Cash Flow Margin | 14.77% | 14.26% | 12.41% | 15.51% | 8.55% | 15.99% |
Free Cash Flow Per Share | 4.06 | 3.85 | 3.22 | 3.96 | 2.06 | 3.51 |
Levered Free Cash Flow | 430.5 | 426.16 | 401.31 | 507.48 | 185.19 | 431.68 |
Unlevered Free Cash Flow | 446.31 | 434.6 | 405.5 | 514.98 | 191.06 | 434.36 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Cash Interest Paid | 13.5 | 13.5 | 6.7 | 12.3 | - | - |
Cash Income Tax Paid | 165.2 | 165.2 | 187.7 | 189.5 | 175.4 | 131.2 |
Change in Working Capital | -29.7 | -37.2 | -45.6 | 12.8 | -181.9 | 64.2 |