Gates Industrial Corporation plc (GTES)

GTES Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 28, 2025	Dec 28, 2024	Dec 30, 2023	Dec 31, 2022	Jan 1, 2022	Jan 2, 2021
Net Income	202.7	194.9	232.9	220.8	297.1	79.4
Depreciation & Amortization	213.3	216.9	217.5	217.2	222.6	218.6
Loss (Gain) From Sale of Assets	12.6	5.4	-	-	-	-
Asset Writedown & Restructuring Costs	0.8	-	0.1	2.6	2	6.6
Stock-Based Compensation	30.7	28.8	27.4	44.3	24.6	19.8
Other Operating Activities	-32.2	-40.4	-71.6	-61.6	-37.9	-21.5
Change in Accounts Receivable	1.8	8.4	45.6	-129.3	-22.3	9.7
Change in Inventory	-14.4	-64	24.5	2.9	-192.4	-22.1
Change in Accounts Payable	-41.1	-27.6	-17.8	-15.9	99.6	28.6
Change in Income Taxes	-1.1	-0.9	-14.5	-24.4	38.7	-48.1
Change in Other Net Operating Assets	44	58.1	36.9	9.2	-49.6	38
Operating Cash Flow	417.1	379.6	481	265.8	382.4	309
Operating Cash Flow Growth	12.76%	-21.08%	80.96%	-30.49%	23.75%	-11.44%
Capital Expenditures	-82.1	-83.1	-61.2	-77.6	-77.7	-58.2
Sale of Property, Plant & Equipment	3.6	12	1.2	-	-	-
Divestitures	-12.5	-12.5	-	-	-	-
Sale (Purchase) of Intangibles	-34.9	-23.6	-10.2	-9.4	-9.3	-9.2
Investment in Securities	4.9	-6.3	-	-	-	-
Other Investing Activities	-5.3	9.1	-11.6	-3.7	1	-10.1
Investing Cash Flow	-126.3	-104.4	-81.8	-90.7	-86	-77.5
Long-Term Debt Issued	-	1,840	100	645	-	-
Long-Term Debt Repaid	-	-1,948	-119.6	-676.9	-91	-331.2
Net Debt Issued (Repaid)	-10.8	-108.4	-19.6	-31.9	-91	-331.2
Issuance of Common Stock	12.5	14.9	18.7	15.9	4.6	3.1
Repurchase of Common Stock	-153.3	-176.1	-251.7	-175.9	-10.6	-
Other Financing Activities	-10.9	-17.1	-5.7	-61.2	-51.6	-25.7
Financing Cash Flow	-162.5	-286.7	-258.3	-253.1	-148.6	-353.8
Foreign Exchange Rate Adjustments	11.6	-27.7	1.7	-1.5	-11	9.8
Net Cash Flow	139.9	-39.2	142.6	-79.5	136.8	-112.5
Free Cash Flow	335	296.5	419.8	188.2	304.7	250.8
Free Cash Flow Growth	13.48%	-29.37%	123.06%	-38.23%	21.49%	-9.39%
Free Cash Flow Margin	9.88%	8.70%	11.76%	5.29%	8.77%	8.98%
Free Cash Flow Per Share	1.28	1.12	1.52	0.65	1.02	0.86
Cash Interest Paid	103.4	132.6	155.1	118.7	121.2	135.7
Cash Income Tax Paid	115.6	122.3	110.5	117.8	83	60.4
Levered Free Cash Flow	285.94	332.54	424.05	190.46	288.05	245.4
Unlevered Free Cash Flow	365.69	429.91	526.05	277.59	371.49	341.84
Change in Working Capital	-10.8	-26	74.7	-157.5	-126	6.1

Updated Jul 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q