NORDSON CORP
For the period ended Oct 31, 2024. Filed Dec 18, 2024.
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FY2024 · Filed Dec 18, 2024
NDSN$325.10+0.4%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
| (In thousands) | |||
|---|---|---|---|
| Cash flows from operating activities: | 2024 | 2023 | 2022 |
| Net income | $467,284 | $487,493 | $513,103 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 59,203 | 52,179 | 49,098 |
| Amortization | 76,972 | 59,719 | 50,825 |
| Provision for losses on receivables | 619 | 283 | 1,259 |
| Deferred income taxes | (18,557) | (16,116) | (10,732) |
| Non-cash stock compensation | 18,957 | 22,710 | 30,748 |
| Loss (gain) on sale of property, plant and equipment | 1,468 | 1,092 | (581) |
| Pension settlement charge for U.S. Plans | — | — | 41,221 |
| Other non-cash | 3,396 | 8,136 | 1,259 |
| Changes in operating assets and liabilities: | |||
| Receivables | 13,988 | 18,185 | (72,907) |
| Inventories | 46,615 | 22,418 | (69,132) |
| Prepaid expenses | (4,543) | (14,677) | (1,708) |
| Accounts payable | (38,591) | (15,820) | 10,671 |
| Income taxes payable | (19,385) | 17,722 | 6,155 |
| Accrued liabilities | 8,187 | (28,620) | 925 |
| Customer advance payments | (48,425) | (2,779) | 18,682 |
| Other | (10,995) | 29,357 | (55,755) |
| Net cash provided by operating activities | 556,193 | 641,282 | 513,131 |
| Cash flows from investing activities: | |||
| Additions to property, plant and equipment | (64,410) | (34,583) | (51,428) |
| Proceeds from sale of property, plant and equipment | 75 | 101 | 280 |
| Acquisition of businesses, net of cash acquired | (789,996) | (1,422,780) | (171,613) |
| Other | 9,933 | 20,383 | — |
| Net cash used in investing activities | (844,398) | (1,436,879) | (222,761) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of debt | 783,039 | 2,178,596 | 63,067 |
| Repayment of debt | (318,686) | (1,202,553) | (96,975) |
| Repayment of capital lease obligations | (6,148) | (6,840) | (5,439) |
| Issuance of common shares | 31,067 | 21,373 | 12,124 |
| Purchase of treasury shares | (33,339) | (89,708) | (262,869) |
| Dividends paid | (161,438) | (150,356) | (125,914) |
| Net cash provided (used) in financing activities | 294,495 | 750,512 | (416,006) |
| Effect of exchange rate changes on cash | (6,017) | (2,693) | (10,879) |
| Increase (decrease) in cash and cash equivalents | 273 | (47,778) | (136,515) |
| Cash and cash equivalents at beginning of year | 115,679 | 163,457 | 299,972 |
| Cash and cash equivalents at end of year | $115,952 | $115,679 | $163,457 |
Nordson Corporation 38
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