Crane NXT, Co.
For the period ended Sep 30, 2026. Filed Nov 4, 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.
Sep 30, 2026 · Filed Nov 4, 2026
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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended | ||
|---|---|---|
| September 30, | ||
| (in millions) | 2026 | 2025 |
| Operating activities: | ||
| Net income before allocation to noncontrolling interest | $82.1 | $97.6 |
| Adjustments to reconcile net income to net cash flows provided by operating activities: | ||
| Depreciation and amortization | 108.1 | 77.7 |
| Stock-based compensation expense1 | 23.1 | 9.3 |
| Income from equity investments | (4.9) | (0.5) |
| Deferred income taxes | (11.8) | (11.7) |
| Cash used for operating working capital | (16.4) | (41.9) |
| Long-term contract liabilities | 8.7 | 4.3 |
| Other | (4.4) | 0.9 |
| Total provided by operating activities | 184.5 | 135.7 |
| Investing activities: | ||
| Proceeds from disposition of assets | 8.4 | — |
| Proceeds from equity investments | 4.5 | — |
| Payment for acquisitions, net of cash acquired | (225.4) | (391.1) |
| Capital expenditures | (45.0) | (33.4) |
| Settlement of forward contracts | (0.5) | 1.8 |
| Total used for investing activities | (258.0) | (422.7) |
| Financing activities: | ||
| Dividends paid | (31.1) | (29.2) |
| Proceeds from stock options exercised | 0.4 | 2.2 |
| Purchase of noncontrolling interest | (0.2) | — |
| Payment of tax withholding on equity awards vested | (3.1) | (5.9) |
| Debt issuance costs | (3.5) | (4.3) |
| Repayment of short-term debt | (122.8) | — |
| Proceeds from revolving credit facility | 316.3 | 384.5 |
| Repayments of revolving credit facility | (209.0) | (413.5) |
| Proceeds from term loan | 424.5 | 400.4 |
| Repayment of term loan | (277.3) | (40.9) |
| Finance lease repayments | (1.9) | — |
| Total provided by financing activities | 92.3 | 293.3 |
| Effect of exchange rates on cash, cash equivalents and restricted cash | (3.8) | 15.1 |
| Increase in cash, cash equivalents and restricted cash | 15.0 | 21.4 |
| Cash, cash equivalents and restricted cash at beginning of period2 | 246.2 | 173.4 |
| Cash, cash equivalents and restricted cash at end of period3 | $261.2 | $194.8 |
1 Includes $10.7 million liability-classified stock-based compensation issued to senior management of Antares Vision for the nine months ended September 30, 2026. See Note 2, “Acquisitions” for further details.
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 $5.3 million and $0.8 million as of December 31, 2025, and 2024, respectively. Non-current restricted cash, included within “Other assets” in our Unaudited Condensed Consolidated Balance Sheets, was $7.2 million and $6.8 million as of December 31, 2025, and 2024, respectively.
3 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 $3.2 million and $2.6 million as of September 30, 2026, and 2025, respectively. Non-current restricted cash, included within “Other assets” in our Unaudited Condensed Consolidated Balance Sheets, was $6.9 million and $9.8 million as of September 30, 2026, and 2025, respectively.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Nine Months Ended | ||
|---|---|---|
| September 30, | ||
| (in millions) | 2026 | 2025 |
| Detail of cash used for operating working capital: | ||
| Accounts receivable | $23.5 | $1.5 |
| Inventories | (1.6) | (17.6) |
| Other current assets | (19.8) | (13.1) |
| Accounts payable | (38.8) | (10.9) |
| Accrued liabilities | 37.6 | 3.8 |
| U.S. and foreign taxes on income | (17.3) | (5.6) |
| Total | $(16.4) | $(41.9) |
| Supplemental disclosure of cash flow information: | ||
| Interest paid | $51.4 | $40.6 |
| Income taxes paid, net | $51.4 | $48.1 |
| Unpaid capital expenditures | $3.4 | $1.3 |
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