Crane NXT, Co.
For the period ended Sep 30, 2025. Filed Nov 5, 2025.
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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.
Sep 30, 2025 · Filed Nov 5, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended | ||
|---|---|---|
| September 30, | ||
| (in millions) | 2025 | 2024 |
| Operating activities: | ||
| Net income before allocation to noncontrolling interest | $97.6 | $126.5 |
| Adjustments to reconcile net income to net cash flows provided by operating activities: | ||
| Depreciation and amortization | 77.7 | 63.4 |
| Stock-based compensation expense | 9.3 | 7.7 |
| Deferred income taxes | (11.7) | (0.3) |
| Cash used for operating working capital | (41.9) | (71.8) |
| Other | 4.7 | 7.5 |
| Total provided by operating activities | 135.7 | 133.0 |
| Investing activities: | ||
| Payment for acquisitions, net of cash acquired | (391.1) | (269.9) |
| Capital expenditures | (33.4) | (34.6) |
| Settlement of forward contracts | 1.8 | 0.1 |
| Total used for investing activities | (422.7) | (304.4) |
| Financing activities: | ||
| Dividends paid | (29.2) | (27.4) |
| Proceeds from stock options exercised | 2.2 | 3.0 |
| Payment of tax withholding on equity awards vested | (5.9) | (6.5) |
| Debt issuance costs | (4.3) | — |
| Proceeds from revolving credit facility | 384.5 | 310.5 |
| Repayment of revolving credit facility | (413.5) | (160.5) |
| Proceeds from term loan | 400.4 | — |
| Repayment of term loan | (40.9) | (3.3) |
| Total provided by financing activities | 293.3 | 115.8 |
| Effect of exchange rates on cash, cash equivalents and restricted cash | 15.1 | 2.4 |
| Increase (decrease) in cash, cash equivalents and restricted cash | 21.4 | (53.2) |
| Cash, cash equivalents and restricted cash at beginning of period1 | 173.4 | 227.2 |
| Cash, cash equivalents and restricted cash at end of period2 | $194.8 | $174.0 |
- Includes both current and non-current balances of restricted cash. Current restricted cash, included within “Other current assets” in our Unaudited Condensed Consolidated Balance Sheets, was $0.8 million and $0.0 million as of December 31, 2024, and 2023, respectively. Non-current restricted cash, included within “Other assets” in our Unaudited Condensed Consolidated Balance Sheets, was $6.8 million and $0.0 million as of December 31, 2024, and 2023, respectively.
2 Includes both current and non-current balances of restricted cash. Current restricted cash, included within “Other current assets” in our Unaudited Condensed Consolidated Balance Sheets, was $2.6 million and $2.2 million as of September 30, 2025, and 2024, respectively. Non-current restricted cash, included within “Other assets” in our Unaudited Condensed Consolidated Balance Sheets, was $9.8 million and $6.7 million as of September 30, 2025, and 2024, respectively.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Nine Months Ended | ||
|---|---|---|
| September 30, | ||
| (in millions) | 2025 | 2024 |
| Detail of cash used for operating working capital: | ||
| Accounts receivable | $1.5 | $18.9 |
| Inventories | (17.6) | 1.7 |
| Other current assets | (13.1) | (11.7) |
| Accounts payable | (10.9) | (3.6) |
| Accrued liabilities | 3.8 | (56.0) |
| U.S. and foreign taxes on income | (5.6) | (21.1) |
| Total | $(41.9) | $(71.8) |
| Supplemental disclosure of cash flow information: | ||
| Interest paid | $40.6 | $32.4 |
| Income taxes paid | $48.1 | $62.0 |
| Unpaid capital expenditures | $1.3 | $2.8 |
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