CARLISLE COMPANIES INC
For the period ended Jun 30, 2025. Filed Jul 31, 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.
Jun 30, 2025 · Filed Jul 31, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows (Unaudited)
| Six Months EndedJune 30, | ||
|---|---|---|
| (in millions) | 2025 | 2024 |
| Operating activities: | ||
| Net income | $399.1 | $904.7 |
| Reconciliation of net income to net cash provided by operating activities: | ||
| Depreciation | 36.1 | 34.2 |
| Amortization | 60.6 | 47.8 |
| Stock-based compensation | 19.5 | 14.8 |
| Deferred taxes | (2.4) | (4.1) |
| Gain on sale of discontinued operations | — | (454.4) |
| Other operating activities | 22.1 | 19.1 |
| Changes in assets and liabilities, excluding effects of acquisitions: | ||
| Receivables | (291.3) | (263.1) |
| Inventories | (18.5) | (69.3) |
| Other current assets | 12.6 | 12.9 |
| Accounts payable | 71.8 | 104.4 |
| Other current liabilities | (3.7) | 16.7 |
| Other long-term liabilities | (17.0) | (16.8) |
| Net cash provided by operating activities | 288.9 | 346.9 |
| Investing activities: | ||
| Proceeds from sale of discontinued operations, net of cash disposed | — | 1,995.3 |
| Acquisitions, net of cash acquired | (108.1) | (412.8) |
| Capital expenditures | (57.8) | (57.4) |
| Other investing activities | — | 1.5 |
| Net cash (used in) provided by investing activities | (165.9) | 1,526.6 |
| Financing activities: | ||
| Borrowings from revolving credit facility | — | 22.0 |
| Repayments of revolving credit facility | — | (22.0) |
| Repurchases of common stock | (700.0) | (700.0) |
| Dividends paid | (88.3) | (81.7) |
| Proceeds from exercise of stock options | 8.8 | 61.2 |
| Withholding tax paid related to stock-based compensation | (13.3) | (17.5) |
| Other financing activities | (16.1) | (3.9) |
| Net cash used in financing activities | (808.9) | (741.9) |
| Effect of foreign currency exchange rate changes on cash and cash equivalents | 0.8 | (0.8) |
| Change in cash and cash equivalents | (685.1) | 1,130.8 |
| Less: change in cash and cash equivalents of discontinued operations | — | (28.8) |
| Cash and cash equivalents at beginning of period | 753.5 | 576.7 |
| Cash and cash equivalents at end of period | $68.4 | $1,736.3 |
Condensed Consolidated Statements of Stockholders’ Equity (Unaudited)
| Common Stock · Additional Paid-In Capital · Accumulated Other Comprehensive Loss · Retained Earnings · Treasury Stock · Total Stockholders' Equity | ||||||||
|---|---|---|---|---|---|---|---|---|
| (in millions, except per share amounts) · Shares Outstanding · Amount · Shares · Cost | ||||||||
| Balance as of March 31, 2024 | 47.6 | $78.7 | $562.8 | $(119.3) | $5,784.8 | 31.0 | $(3,447.7) | $2,859.3 |
| Net income | — | — | — | — | 712.4 | — | — | 712.4 |
| Other comprehensive income | — | — | — | 6.3 | — | — | — | 6.3 |
| Dividends - $0.85 per share | — | — | — | — | (40.3) | — | — | (40.3) |
| Repurchases of common stock(1) | (1.3) | — | — | — | — | 1.3 | (555.0) | (555.0) |
| Stock based compensation(2) | 0.1 | — | 7.5 | — | — | (0.1) | 14.1 | 21.6 |
| Balance as of June 30, 2024 | 46.4 | $78.7 | $570.3 | $(113.0) | $6,456.9 | 32.2 | $(3,988.6) | $3,004.3 |
| Balance as of March 31, 2025 | 43.3 | $78.7 | $586.5 | $(101.8) | $6,871.1 | 35.3 | $(5,268.0) | $2,166.5 |
| Net income | — | — | — | — | 255.8 | — | — | 255.8 |
| Other comprehensive income | — | — | — | 29.6 | — | — | — | 29.6 |
| Dividends - $1.00 per share | — | — | — | — | (43.1) | — | — | (43.1) |
| Repurchases of common stock(1) | (0.8) | — | — | — | — | 0.8 | (302.6) | (302.6) |
| Stock based compensation(2) | 0.1 | — | (0.9) | — | — | (0.1) | 15.3 | 14.4 |
| Balance as of June 30, 2025 | 42.6 | $78.7 | $585.6 | $(72.2) | $7,083.8 | 36.0 | $(5,555.3) | $2,120.6 |
(1)Repurchases of common stock include excise taxes on share repurchases.
(2)Stock-based compensation includes stock options exercised net of tax, restricted and performance shares vested, and shares issued and deferred associated with deferred compensation.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.