ALAMO GROUP INC
For the period ended Dec 31, 2025. Filed Mar 2, 2026.
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FY2025 · Filed Mar 2, 2026
ALG$139.73-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| (in thousands) | 2025 | 2024 | 2023 |
| Operating Activities | |||
| Net income | $103,801 | $115,930 | $136,161 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Provision for doubtful accounts | 129 | 1,718 | 253 |
| Depreciation - Property, plant and equipment | 27,084 | 26,865 | 23,665 |
| Depreciation - Rental Equipment | 11,740 | 9,992 | 8,789 |
| Amortization of intangibles | 16,547 | 16,227 | 15,519 |
| Amortization of debt issuance | 703 | 703 | 703 |
| Stock-based compensation expense | 9,938 | 9,141 | 7,424 |
| Provision for deferred income tax expense (benefit) | 10,583 | (3,607) | (4,253) |
| Gain on sale of property, plant and equipment | (2,564) | (639) | (6,621) |
| Changes in operating assets and liabilities, net of acquisitions: | |||
| Accounts receivable | 40,618 | 47,012 | (35,293) |
| Inventories | (28,135) | 26,494 | (10,844) |
| Rental equipment | (19,741) | (23,830) | (13,930) |
| Prepaid expenses and other assets | 6,823 | (2,608) | (835) |
| Trade accounts payable and accrued liabilities | 30,243 | (15,673) | 4,813 |
| Income taxes payable | (27,375) | 1,000 | 6,705 |
| Long term tax payable | (156) | (2,007) | (1,147) |
| Other long-term liabilities | (2,695) | 3,060 | 45 |
| Net cash provided by operating activities | 177,543 | 209,778 | 131,154 |
| Investing Activities | |||
| Acquisitions, net of cash acquired | (18,283) | — | (27,560) |
| Purchase of property, plant and equipment | (30,627) | (24,993) | (37,745) |
| Proceeds from sale of property, plant and equipment | 4,480 | 3,045 | 12,682 |
| Purchase of patents | (1,763) | (233) | — |
| Net cash used in investing activities | (46,193) | (22,181) | (52,623) |
| Financing Activities | |||
| Borrowings on bank revolving credit facility | 50,000 | 195,000 | 183,000 |
| Repayment on bank revolving credit facility | (50,000) | (195,000) | (235,000) |
| Principal payments on long-term debt and finance leases | (15,007) | (15,069) | (14,948) |
| Contingent consideration payment after acquisition | — | (4,402) | — |
| Dividends paid | (14,415) | (12,442) | (10,485) |
| Proceeds from exercise of stock options | 1,650 | 1,912 | 1,586 |
| Common stock repurchased | (3,022) | (1,972) | (1,034) |
| Net cash used in financing activities | (30,794) | (31,973) | (76,881) |
| Effect of exchange rate changes on cash | 11,829 | (10,269) | 3,253 |
| Net change in cash and cash equivalents | 112,385 | 145,355 | 4,903 |
| Cash and cash equivalents at beginning of the year | 197,274 | 51,919 | 47,016 |
| Cash and cash equivalents at end of the year | $309,659 | $197,274 | $51,919 |
| Cash paid during the year for: | |||
| Interest | $14,735 | $20,787 | $25,358 |
| Income taxes | $52,932 | $40,426 | $37,330 |
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