CARPENTER TECHNOLOGY CORP
For the period ended Dec 31, 2025. Filed Jan 29, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2025 · Filed Jan 29, 2026
CRS$297.37-2.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows (unaudited) for the
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Six Months EndedDecember 31, | ||
|---|---|---|
| ($ in millions) | 2025 | 2024 |
| OPERATING ACTIVITIES | ||
| Net income | $227.8 | $168.9 |
| Adjustments to reconcile net income to net cash provided from operating activities: | ||
| Depreciation and amortization | 72.1 | 68.1 |
| Noncash restructuring and asset impairment charges | — | 2.5 |
| Debt extinguishment losses | 15.6 | — |
| Deferred income taxes | 8.7 | (8.4) |
| Net pension expense | 7.2 | 12.4 |
| Share-based compensation expense | 11.6 | 9.8 |
| Net loss on disposals of property, plant and equipment | 0.4 | 0.5 |
| Changes in working capital and other: | ||
| Accounts receivable | (26.0) | (6.1) |
| Inventories | (27.9) | (80.7) |
| Other current assets | (15.6) | (6.8) |
| Accounts payable | (13.5) | 3.6 |
| Accrued liabilities | (73.2) | (36.9) |
| Pension plan contributions | (11.5) | (15.1) |
| Other postretirement plan contributions | (1.7) | (1.8) |
| Other, net | (2.6) | (1.9) |
| Net cash provided from operating activities | 171.4 | 108.1 |
| INVESTING ACTIVITIES | ||
| Purchases of property, plant, equipment and software | (88.9) | (56.2) |
| Net cash used for investing activities | (88.9) | (56.2) |
| FINANCING ACTIVITIES | ||
| Proceeds from issuance of long-term debt, net of offering costs | 692.1 | — |
| Payments on long-term debt | (700.0) | — |
| Payments for debt extinguishment costs | (11.4) | — |
| Payments for debt issue costs | (4.1) | — |
| Dividends paid | (20.1) | (20.2) |
| Purchases of treasury stock | (81.2) | (40.3) |
| Proceeds from stock options exercised | 13.2 | 3.9 |
| Withholding tax payments on share-based compensation awards | (55.2) | (32.0) |
| Net cash used for financing activities | (166.7) | (88.6) |
| Effect of exchange rate changes on cash and cash equivalents | 0.6 | (0.3) |
| DECREASE IN CASH AND CASH EQUIVALENTS | (83.6) | (37.0) |
| Cash and cash equivalents at beginning of year | 315.5 | 199.1 |
| Cash and cash equivalents at end of period | $231.9 | $162.1 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | ||
| Noncash investing activities: Purchase of property, plant, equipment and software | $31.3 | $10.4 |
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