LINCOLN ELECTRIC HOLDINGS INC
For the period ended Sep 30, 2025. Filed Oct 30, 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 Oct 30, 2025
LECO$284.42-0.0%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)
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Nine Months Ended September 30, | ||||||
| 2025 · 2024 | ||||||
| CASH FLOWS FROM OPERATING ACTIVITIES · · · | ||||||
| Net income | | $384,511 | | $325,879 | ||
| Adjustments to reconcile Net income to Net cash provided by operating activities: | | | | |||
| Rationalization and asset impairment net charges | | 1,211 | | 25,919 | ||
| Depreciation and amortization | | 72,990 | | 65,095 | ||
| Deferred income taxes | | 71,395 | | (13,340) | ||
| Stock-based compensation | | 15,910 | | 19,503 | ||
| Pension settlement net charges | | | — | | | 3,966 |
| Other, net | | (3,119) | | 3,321 | ||
| Changes in operating assets and liabilities, net of effects from acquisitions: | | | | |||
| Decrease in accounts receivable | | 9,430 | | 36,166 | ||
| Increase in inventories | | (87,222) | | (21,696) | ||
| Increase in other current assets | | (66,050) | | (19,911) | ||
| Increase (decrease) in trade accounts payable | | 90,555 | | (6,888) | ||
| Increase in other current liabilities | | 78,458 | | 67,310 | ||
| Net change in other assets and liabilities | | (1,861) | | 17,858 | ||
| NET CASH PROVIDED BY OPERATING ACTIVITIES | | 566,208 | | 503,182 | ||
| CASH FLOWS FROM INVESTING ACTIVITIES | | | | |||
| Capital expenditures | | (84,028) | | (85,117) | ||
| Acquisition of businesses, net of cash acquired | | (136,655) | | (252,746) | ||
| Proceeds from sale of property, plant and equipment | | 6,408 | | 2,506 | ||
| NET CASH USED BY INVESTING ACTIVITIES | | (214,275) | | (335,357) | ||
| CASH FLOWS FROM FINANCING ACTIVITIES | | | | |||
| Proceeds from short-term borrowings | | | 77,678 | | | 5,521 |
| Proceeds from long-term borrowings | | — | | 550,000 | ||
| Payments on long-term borrowings | | (100,169) | | (400,508) | ||
| Proceeds from exercise of stock options | | 10,061 | | 25,880 | ||
| Purchase of shares for treasury | | (286,488) | | (211,212) | ||
| Cash dividends paid to shareholders | | (126,476) | | (121,979) | ||
| NET CASH USED BY FINANCING ACTIVITIES | | (425,394) | | (152,298) | ||
| Effect of exchange rate changes on Cash and cash equivalents | | (10,804) | | (5,096) | ||
| (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | | (84,265) | | 10,431 | ||
| | | | | | | |
| Cash and cash equivalents at beginning of period | | 377,262 | | 393,787 | ||
| CASH AND CASH EQUIVALENTS AT END OF PERIOD | | $292,997 | | $404,218 | ||
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
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