CURTISS WRIGHT CORP
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
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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, 2024 · Filed Oct 31, 2024
CW$477.92-0.9%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended | ||
|---|---|---|
| September 30, | ||
| (In thousands) | 2024 | 2023 |
| Cash flows from operating activities: | ||
| Net earnings | $287,126 | $234,623 |
| Adjustments to reconcile net earnings to net cash provided by operating activities | ||
| Depreciation and amortization | 80,844 | 86,836 |
| Loss on sale/disposal of long-lived assets | 51 | 157 |
| Deferred income taxes | (12,969) | (6,392) |
| Share-based compensation | 15,164 | 13,213 |
| Non-cash restructuring charges | 3,049 | — |
| Change in operating assets and liabilities, net of businesses acquired: | ||
| Receivables, net | (120,795) | (56,195) |
| Inventories, net | (71,683) | (56,632) |
| Accounts payable and accrued expenses | (15,206) | (42,020) |
| Deferred revenue | 85,579 | 37,598 |
| Pension and postretirement liabilities, net | (13,218) | (14,128) |
| Other current and long-term assets and liabilities | 5,034 | (31,343) |
| Net cash provided by operating activities | 242,976 | 165,717 |
| Cash flows from investing activities: | ||
| Proceeds from sale/disposal of long-lived assets | 1,206 | 464 |
| Additions to property, plant, and equipment | (37,703) | (32,037) |
| Acquisition of business, net of cash acquired | (33,756) | — |
| Net cash used for investing activities | (70,253) | (31,573) |
| Cash flows from financing activities: | ||
| Borrowings under revolving credit facilities | 16,615 | 586,230 |
| Payments of revolving credit facilities | (16,615) | (586,230) |
| Principal payments on debt | — | (202,500) |
| Repurchases of common stock | (137,580) | (37,366) |
| Proceeds from share-based compensation | 11,345 | 10,583 |
| Dividends paid | (15,707) | (14,950) |
| Other | (876) | (813) |
| Net cash used for financing activities | (142,818) | (245,046) |
| Effect of exchange-rate changes on cash | 7,078 | 2,737 |
| Net increase (decrease) in cash and cash equivalents | 36,983 | (108,165) |
| Cash and cash equivalents at beginning of period | 406,867 | 256,974 |
| Cash and cash equivalents at end of period | $443,850 | $148,809 |
| See notes to condensed consolidated financial statements | ||
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