TORO CO
For the period ended Jan 30, 2026. Filed Mar 5, 2026.
View on SEC.govAbout this filing
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.
Jan 30, 2026 · Filed Mar 5, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows (Unaudited)
(Dollars in millions)
| Three Months Ended | ||
|---|---|---|
| January 30, 2026 | January 31, 2025 | |
| Cash flows from operating activities: | ||
| Net earnings | $67.9 | $52.8 |
| Adjustments to reconcile net earnings to net cash provided by (used in) operating activities: | ||
| Non-cash income from finance affiliate | (3.5) | (4.6) |
| Distributions from finance affiliate, net | 3.9 | 5.8 |
| Depreciation of property, plant, and equipment | 23.2 | 24.2 |
| Amortization of other intangible assets | 10.0 | 7.9 |
| Stock-based compensation expense | 5.9 | 4.4 |
| Deferred income taxes2 | (8.8) | (3.9) |
| Other | (6.2) | 0.8 |
| Changes in operating assets and liabilities, net of the effect of acquisitions: | ||
| Receivables, net | (100.0) | (36.6) |
| Inventories, net | (21.3) | (107.2) |
| Other assets2 | 2.9 | (9.4) |
| Accounts payable | 48.6 | (1.3) |
| Other liabilities2 | 3.5 | 18.5 |
| Net cash provided by (used in) operating activities | 26.1 | (48.6) |
| Cash flows from investing activities: | ||
| Purchases of property, plant, and equipment | (11.5) | (19.1) |
| Proceeds from sales of property, plant, and equipment | 11.4 | — |
| Acquisitions, net of cash received | (210.3) | — |
| Net cash used in investing activities | (210.4) | (19.1) |
| Cash flows from financing activities: | ||
| Borrowings under debt arrangements1 | 220.0 | 370.0 |
| Repayments under debt arrangements1 | (70.0) | (185.0) |
| Proceeds from exercise of stock options | 9.1 | 0.7 |
| Payments of withholding taxes for stock awards | (0.8) | (1.6) |
| Common stock repurchases | (94.9) | (100.0) |
| Dividends paid on common stock | (38.3) | (38.5) |
| Other | — | (1.0) |
| Net cash provided by financing activities | 25.1 | 44.6 |
| Effect of exchange rates on cash and cash equivalents | 7.2 | (5.1) |
| Net decrease in cash and cash equivalents | (152.0) | (28.2) |
| Cash and cash equivalents as of the beginning of the fiscal period | 341.0 | 199.5 |
| Cash and cash equivalents as of the end of the fiscal period | $189.0 | $171.3 |
1 Presentation of prior year revolving credit facility and long-term debt activity has been conformed to the current year presentation. There was no change to net cash used in financing activities.
2 Presentation of prior year deferred income taxes has been conformed to the current year presentation. There was no change to net cash used in operating activities.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.