IDEX CORP DE
For the period ended Jun 30, 2024. Filed Aug 1, 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.
Jun 30, 2024 · Filed Aug 1, 2024
IEX$236.90+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Six Months Ended June 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net income | $262.5 | $278.3 |
| Adjustments to reconcile net income to net cash flows provided by operating activities: | ||
| Gain on sale of business | (4.6) | — |
| Credit loss on note receivable from collaborative partner | — | 7.7 |
| Depreciation | 32.5 | 27.2 |
| Amortization of intangible assets | 48.5 | 46.8 |
| Share-based compensation expense | 16.9 | 17.0 |
| Deferred income taxes | 0.4 | — |
| Changes in (net of the effect from acquisitions/divestitures and foreign currency translation): | ||
| Receivables – net | (11.9) | (5.8) |
| Inventories – net | (19.8) | (2.0) |
| Other current assets | (12.2) | (18.6) |
| Trade accounts payable | 0.3 | (17.9) |
| Deferred revenue | 0.3 | 4.2 |
| Accrued expenses | (21.9) | (52.5) |
| Other – net | (0.8) | 4.7 |
| Net cash flows provided by operating activities | 290.2 | 289.1 |
| Cash flows from investing activities | ||
| Capital expenditures | (35.9) | (48.2) |
| Acquisition of business, net of cash acquired | 1.6 | (110.3) |
| Proceeds from sale of business, net of cash remitted | 45.5 | — |
| Purchases of marketable securities | — | (19.1) |
| Other – net | 0.5 | 1.0 |
| Net cash flows provided by (used in) investing activities | 11.7 | (176.6) |
| Cash flows from financing activities | ||
| Proceeds from issuance of long-term borrowings | — | 100.0 |
| Payment of long-term borrowings | (25.0) | (100.0) |
| Cash dividends paid to shareholders | (100.7) | (93.9) |
| Proceeds from share issuances, net of shares withheld for taxes | 7.9 | 3.4 |
| Repurchases of common stock | — | (1.0) |
| Other – net | (0.4) | (0.5) |
| Net cash flows used in financing activities | (118.2) | (92.0) |
| Effect of exchange rate changes on cash and cash equivalents | (17.3) | 6.3 |
| Net increase in cash and cash equivalents | 166.4 | 26.8 |
| Cash and cash equivalents at beginning of year | 534.3 | 430.2 |
| Cash and cash equivalents at end of period | $700.7 | $457.0 |
| Supplemental cash flow information | ||
| Cash paid for: | ||
| Interest | $23.0 | $25.1 |
| Income taxes – net | 84.6 | 102.9 |
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