Lincoln Electric Holdings, Inc. (LECO)

Lincoln Electric Holdings 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	520.53	466.11	545.25	472.22	276.58
Depreciation & Amortization	98.55	88.24	86.67	78.06	81.15
Stock-Based Compensation	20.35	24.05	26.23	25.27	23.79
Other Adjustments	87.26	-22.43	-69.8	-28.13	79.42
Change in Receivables	-26.43	52.83	14.98	-65.01	-65.84
Changes in Inventories	-47.78	25.36	122.09	-81.19	-154.35
Changes in Accounts Payable	56.26	-27.19	-32.03	16.85	82.39
Changes in Accrued Expenses	-26.09	32.7	10.06	-8.2	68.29
Changes in Other Operating Activities	-21.46	-40.69	-35.91	-26.49	-26.36
Operating Cash Flow	661.17	598.98	667.54	383.39	365.06
Operating Cash Flow Growth	10.38%	-10.27%	74.12%	5.02%	3.90%
Capital Expenditures	-126.97	-116.6	-90.99	-71.88	-62.53
Sale of Property, Plant & Equipment	7.18	7.8	49.49	3.33	6.78
Payments for Business Acquisitions	-137.53	-252.75	-32.69	-436.3	-156.11
Other Investing Activities	-	0.32	-0.55	0.16	6.5
Investing Cash Flow	-257.33	-361.23	-74.73	-504.69	-205.36
Short-Term Debt Issued	133.25	8.45	-79.87	34.35	46.48
Net Short-Term Debt Issued (Repaid)	133.25	8.45	-79.87	34.35	46.48
Long-Term Debt Issued	-	550	-	405.44	-0.51
Long-Term Debt Repaid	-100.17	-400.68	-8.11	-	-
Net Long-Term Debt Issued (Repaid)	-100.17	149.32	-8.11	405.44	-0.51
Issuance of Common Stock	11.58	27.4	22.37	6.39	19.23
Repurchase of Common Stock	-338.31	-263.75	-198.77	-181.29	-164.53
Net Common Stock Issued (Repurchased)	-326.73	-236.35	-176.4	-174.91	-145.29
Common Dividends Paid	-168.24	-162.14	-148.01	-130.72	-121.85
Other Financing Activities	-	-3.92	-	-0.44	-0.76
Financing Cash Flow	-461.89	-244.64	-412.39	133.73	-221.94
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-10.43	-9.63	16.22	-8.23	-2.09
Net Cash Flow	-68.47	-16.53	196.64	4.19	-64.32
Free Cash Flow	534.2	482.37	576.56	311.5	302.53
Free Cash Flow Growth	10.74%	-16.34%	85.09%	2.96%	3.55%
FCF Margin	12.62%	12.03%	13.75%	8.28%	9.35%
Free Cash Flow Per Share	9.56	8.43	9.90	5.30	5.04
Levered Free Cash Flow	486.11	585.69	517.16	929.78	359.56
Unlevered Free Cash Flow	483.65	461.01	626.79	519.48	450.26

Updated Feb 12, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q