CARLISLE COMPANIES INC
For the period ended Mar 31, 2024. Filed Apr 26, 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.
Mar 31, 2024 · Filed Apr 26, 2024
CSL$395.23-0.3%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows (Unaudited)
| Three Months EndedMarch 31, | ||
|---|---|---|
| (in millions) | 2024 | 2023 |
| Operating activities: | ||
| Net income | $192.3 | $101.7 |
| Reconciliation of net income to net cash provided by operating activities: | ||
| Depreciation | 16.6 | 23.3 |
| Amortization | 22.3 | 37.2 |
| Lease expense | 5.6 | 6.9 |
| Stock-based compensation | 12.0 | 11.4 |
| Deferred taxes | (0.1) | 1.5 |
| Other operating activities, net | 3.7 | 2.3 |
| Changes in assets and liabilities, excluding effects of acquisitions: | ||
| Receivables | (87.2) | 100.2 |
| Inventories | (52.8) | (28.9) |
| Contract assets | 9.2 | 3.5 |
| Prepaid expenses and other assets | 2.1 | 20.2 |
| Accounts payable | 78.4 | (0.3) |
| Accrued and other current liabilities | (40.7) | (126.1) |
| Contract liabilities | 4.5 | 3.2 |
| Other long-term liabilities | (2.4) | (6.5) |
| Net cash provided by operating activities | 163.5 | 149.6 |
| Investing activities: | ||
| Capital expenditures | (32.5) | (40.2) |
| Investment in securities | 0.2 | 0.5 |
| Other investing activities, net | 0.3 | 8.0 |
| Net cash used in investing activities | (32.0) | (31.7) |
| Financing activities: | ||
| Repurchases of common stock | (150.0) | (50.0) |
| Dividends paid | (41.5) | (38.9) |
| Proceeds from exercise of stock options | 42.5 | 4.8 |
| Withholding tax paid related to stock-based compensation | (16.2) | (9.9) |
| Other financing activities, net | (0.9) | (0.8) |
| Net cash used in financing activities | (166.1) | (94.8) |
| Effect of foreign currency exchange rate changes on cash and cash equivalents | (0.7) | 0.8 |
| Change in cash and cash equivalents | (35.3) | 23.9 |
| Less: change in cash and cash equivalents of discontinued operations | (11.2) | 2.5 |
| Cash and cash equivalents at beginning of period | 576.7 | 364.7 |
| Cash and cash equivalents at end of period | $552.6 | $386.1 |
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