CARLISLE COMPANIES INC
For the period ended Dec 31, 2024. Filed Feb 14, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 14, 2025
CSL$395.23-0.3%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Years Ended December 31, | |||
|---|---|---|---|
| (in millions) | 2024 | 2023 | 2022 |
| Operating activities: | |||
| Net income | $1,311.8 | $767.4 | $924.0 |
| Reconciliation of net income to cash flows provided by operating activities: | |||
| Depreciation | 70.2 | 84.3 | 96.7 |
| Amortization | 102.4 | 120.4 | 154.6 |
| Lease expense | 26.6 | 28.7 | 27.9 |
| Stock-based compensation | 30.1 | 41.5 | 31.2 |
| Deferred taxes | (60.1) | (71.7) | (33.3) |
| (Gain) loss on sale of discontinued operations | (454.4) | 82.5 | (7.0) |
| Other operating activities, net | 29.4 | 28.8 | 46.2 |
| Changes in assets and liabilities, excluding effects of acquisitions: | |||
| Receivables | 69.6 | 1.5 | (25.9) |
| Inventories | (103.7) | 158.0 | (165.2) |
| Contract assets | 10.3 | 13.7 | (18.9) |
| Prepaid expenses and other assets | (16.8) | (24.7) | 21.6 |
| Accounts payable | (4.1) | (27.0) | (60.5) |
| Accrued and other current liabilities | 14.5 | (10.1) | 20.0 |
| Contract liabilities | 25.9 | 23.4 | 27.4 |
| Other long-term liabilities | (21.4) | (15.4) | (37.9) |
| Net cash provided by operating activities | 1,030.3 | 1,201.3 | 1,000.9 |
| Investing activities: | |||
| Proceeds from sale of discontinued operations, net of cash disposed | 1,998.0 | 510.6 | 132.0 |
| Capital expenditures | (113.3) | (142.2) | (183.5) |
| Acquisitions, net of cash acquired | (676.9) | (36.1) | (24.7) |
| Investment in securities | 20.8 | 1.1 | 10.3 |
| Other investing activities, net | 1.0 | 19.0 | 4.8 |
| Net cash provided by (used in) investing activities | 1,229.6 | 352.4 | (61.1) |
| Financing activities: | |||
| Repayments of notes | (400.0) | (300.0) | (350.0) |
| Borrowings from revolving credit facility | 22.0 | 84.0 | — |
| Repayments of revolving credit facility | (22.0) | (84.0) | — |
| Repurchases of common stock | (1,585.9) | (900.0) | (400.0) |
| Dividends paid | (172.4) | (160.3) | (134.4) |
| Proceeds from exercise of stock options | 80.2 | 25.7 | 40.4 |
| Withholding tax paid related to stock-based compensation | (18.1) | (11.7) | (14.7) |
| Other financing activities, net | (14.0) | (3.4) | (3.3) |
| Net cash (used in) provided by financing activities | (2,110.2) | (1,349.7) | (862.0) |
| Effect of foreign currency exchange rate changes on cash and cash equivalents | (1.7) | 1.5 | (2.2) |
| Change in cash and cash equivalents | 148.0 | 205.5 | 75.6 |
| Less: change in cash and cash equivalents of discontinued operations | (28.8) | (6.4) | 9.9 |
| Cash and cash equivalents at beginning of period | 576.7 | 364.8 | 299.1 |
| Cash and cash equivalents at end of period | $753.5 | $576.7 | $364.8 |
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