ITT INC.
For the period ended Sep 27, 2025. Filed Oct 29, 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 27, 2025 · Filed Oct 29, 2025
ITT$216.37-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Condensed Statements of Cash Flows
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED)
(IN MILLIONS)
| For the Nine Months Ended | September 27,2025 | September 28,2024 |
|---|---|---|
| Operating Activities | ||
| Income from continuing operations attributable to ITT Inc. | $356.4 | $393.1 |
| Adjustments to income from continuing operations: | ||
| Depreciation and amortization | 107.9 | 100.7 |
| Equity-based compensation | 27.4 | 19.8 |
| Gain on sale of business | — | (47.8) |
| Other non-cash charges, net | 27.6 | 23.8 |
| Changes in assets and liabilities: | ||
| Change in receivables | (68.0) | (93.5) |
| Change in inventories | (14.0) | (4.7) |
| Change in contract assets | (14.7) | (5.0) |
| Change in contract liabilities | 43.7 | (1.6) |
| Change in accounts payable | (19.3) | (11.4) |
| Change in accrued expenses | 18.9 | (14.1) |
| Change in income taxes | (9.4) | (14.9) |
| Other, net | (15.5) | (5.0) |
| Net Cash – Operating Activities | 441.0 | 339.4 |
| Investing Activities | ||
| Capital expenditures | (80.9) | (87.5) |
| Proceeds from government incentives for capital expenditures | 7.9 | — |
| Proceeds from sale of business, net of cash divested | — | 162.4 |
| Acquisitions, net of cash acquired | (0.2) | (864.8) |
| Other, net | 1.3 | (4.7) |
| Net Cash – Investing Activities | (71.9) | (794.6) |
| Financing Activities | ||
| Commercial paper, net borrowings | (55.1) | 174.7 |
| Long-term debt issued, net of debt issuance costs | 749.0 | 762.4 |
| Long-term debt repayments | (405.6) | (301.3) |
| Share repurchases under repurchase plan | (500.9) | (104.0) |
| Payments for taxes related to net share settlement of stock incentive plans | (13.7) | (13.2) |
| Dividends paid | (83.5) | (78.7) |
| Other, net | (6.4) | (7.9) |
| Net Cash – Financing Activities | (316.2) | 432.0 |
| Exchange rate effects on cash and cash equivalents | 24.9 | (4.4) |
| Net cash – operating activities of discontinued operations | (0.3) | (0.4) |
| Net change in cash and cash equivalents | 77.5 | (28.0) |
| Cash and cash equivalents – beginning of year (includes restricted cash of $0.7 and $0.7, respectively) | 440.0 | 489.9 |
| Cash and Cash Equivalents – End of Period (includes restricted cash of $1.1 and $1.0, respectively) | $517.5 | $461.9 |
| Supplemental Disclosures of Cash Flow and Non-Cash Information: | ||
| Cash paid for interest | $31.4 | $21.3 |
| Cash paid for income taxes, net of refunds received | $115.9 | $106.8 |
| Capital expenditures included in current liabilities | $13.8 | $23.0 |
The accompanying Notes to the Consolidated Condensed Financial Statements are an integral part of the Statements of Cash Flows.
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