Gates Industrial Corporation Ltd. (GTES)

GTES Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 27, 2026	Dec 31, 2025	Dec 28, 2024	Dec 30, 2023	Dec 31, 2022	Jan 1, 2022
Net Income	363.5	251.4	194.9	232.9	220.8	297.1
Depreciation & Amortization	221.1	213.8	216.9	217.5	217.2	222.6
Loss (Gain) From Sale of Assets	0.3	0.3	5.4	-	-	-
Asset Writedown & Restructuring Costs	2.7	3.5	-	0.1	2.6	2
Stock-Based Compensation	27.2	27.2	28.8	27.4	44.3	24.6
Other Operating Activities	-142.2	-39.4	-40.4	-71.6	-61.6	-37.9
Change in Accounts Receivable	-79.7	18.4	8.4	45.6	-129.3	-22.3
Change in Inventory	-15.6	14.3	-64	24.5	2.9	-192.4
Change in Accounts Payable	71.9	4.3	-27.6	-17.8	-15.9	99.6
Change in Income Taxes	-12.5	-18.6	-0.9	-14.5	-24.4	38.7
Change in Other Net Operating Assets	39.9	2.9	58.1	36.9	9.2	-49.6
Operating Cash Flow	476.6	478.1	379.6	481	265.8	382.4
Operating Cash Flow Growth	14.27%	25.95%	-21.08%	80.96%	-30.49%	23.75%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 27, 2026	Dec 31, 2025	Dec 28, 2024	Dec 30, 2023	Dec 31, 2022	Jan 1, 2022
Capital Expenditures	-71.3	-73.2	-83.1	-61.2	-77.6	-77.7
Sale of Property, Plant & Equipment	1.7	2.3	12	1.2	-	-
Divestitures	-	-	-12.5	-	-	-
Sale (Purchase) of Intangibles	-27.2	-40.7	-23.6	-10.2	-9.4	-9.3
Investment in Securities	-	-	-6.3	-	-	-
Other Investing Activities	-2	-7.4	9.1	-11.6	-3.7	1
Investing Cash Flow	-98.8	-119	-104.4	-81.8	-90.7	-86

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 27, 2026	Dec 31, 2025	Dec 28, 2024	Dec 30, 2023	Dec 31, 2022	Jan 1, 2022
Long-Term Debt Issued	-	-	1,840	100	645	-
Long-Term Debt Repaid	-	-123.4	-1,948	-119.6	-676.9	-91
Net Debt Issued (Repaid)	-118.7	-123.4	-108.4	-19.6	-31.9	-91
Issuance of Common Stock	8.2	10.4	14.9	18.7	15.9	4.6
Repurchase of Common Stock	-157.8	-140.3	-180.8	-255	-175.9	-10.6
Other Financing Activities	-0.2	2.2	-12.4	-2.4	-61.2	-51.6
Financing Cash Flow	-268.5	-251.1	-286.7	-258.3	-253.1	-148.6

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 27, 2026	Dec 31, 2025	Dec 28, 2024	Dec 30, 2023	Dec 31, 2022	Jan 1, 2022
Foreign Exchange Rate Adjustments	-5.6	22.2	-27.7	1.7	-1.5	-11
Net Cash Flow	103.7	130.2	-39.2	142.6	-79.5	136.8

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 27, 2026	Dec 31, 2025	Dec 28, 2024	Dec 30, 2023	Dec 31, 2022	Jan 1, 2022
Free Cash Flow	405.3	404.9	296.5	419.8	188.2	304.7
Free Cash Flow Growth	20.98%	36.56%	-29.37%	123.06%	-38.23%	21.49%
Free Cash Flow Margin	11.56%	11.76%	8.70%	11.76%	5.29%	8.77%
Free Cash Flow Per Share	1.57	1.55	1.12	1.52	0.65	1.02
Levered Free Cash Flow	417.66	338.44	342.41	425.18	190.46	288.05
Unlevered Free Cash Flow	497.29	417.13	439.79	527.18	277.59	371.49

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 27, 2026	Dec 31, 2025	Dec 28, 2024	Dec 30, 2023	Dec 31, 2022	Jan 1, 2022
Cash Interest Paid	115.9	120.7	132.6	155.1	118.7	121.2
Cash Income Tax Paid	96.1	111.5	122.3	110.5	117.8	83
Change in Working Capital	4	21.3	-26	74.7	-157.5	-126

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Jul 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 21, 2026

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