Mueller Water Products Inc
For the period ended Sep 30, 2024. Filed Nov 20, 2024.
View on SEC.govAbout this filing
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 Nov 20, 2024
MWA$24.36-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
(v) the Consolidated Statements of Cash Flows
| Year ended September 30, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| (in millions) | |||
| Operating activities: | |||
| Net income | $115.9 | $85.5 | $76.6 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 39.1 | 34.4 | 32.0 |
| Amortization | 27.1 | 28.1 | 28.5 |
| Goodwill impairment | 16.3 | — | 6.8 |
| Non-cash asset impairment | 1.8 | — | — |
| Loss (gain) on sale of assets | 0.5 | (4.0) | — |
| Stock-based compensation | 9.0 | 8.5 | 8.7 |
| Pension cost (benefit) | 4.6 | 4.4 | (2.6) |
| Deferred income taxes | (21.5) | (14.4) | (3.5) |
| Inventory reserves provision | 4.5 | 0.4 | 1.6 |
| Other, net | 1.0 | 0.9 | 1.3 |
| Changes in assets and liabilities, net of acquisitions: | |||
| Receivables, net | 8.4 | 10.9 | (17.8) |
| Inventories | (8.0) | (19.9) | (98.3) |
| Other assets | (7.7) | (3.3) | 1.3 |
| Accounts payable | 6.8 | (19.7) | 32.2 |
| Other current liabilities | 31.7 | (2.0) | (8.5) |
| Other noncurrent liabilities | 9.3 | (0.8) | (6.0) |
| Net cash provided by operating activities | 238.8 | 109.0 | 52.3 |
| Investing activities: | |||
| Capital expenditures | (47.4) | (47.6) | (54.7) |
| Acquisitions, net of cash acquired | — | — | (0.2) |
| Proceeds from sales of assets | 0.2 | 5.5 | — |
| Net cash used in investing activities | (47.2) | (42.1) | (54.9) |
| Financing activities: | |||
| Dividends paid | (39.9) | (38.1) | (36.5) |
| Stock repurchased under buyback program | (10.0) | (10.0) | (35.0) |
| Employee taxes related to stock-based compensation | (2.0) | (2.3) | (1.8) |
| Common stock issued | 7.7 | 2.7 | 2.0 |
| Debt issuance costs | (0.9) | — | — |
| Payments for finance lease obligations | (0.9) | (1.1) | (0.7) |
| Net cash used in financing activities | (46.0) | (48.8) | (72.0) |
| Effect of currency exchange rate changes on cash | 4.0 | (4.3) | (6.4) |
| Net change in cash and cash equivalents | 149.6 | 13.8 | (81.0) |
| Cash and cash equivalents at beginning of year | 160.3 | 146.5 | 227.5 |
| Cash and cash equivalents at end of year | $309.9 | $160.3 | $146.5 |
| Supplemental cash flow information: | |||
| Cash paid for interest | $10.0 | $15.1 | $19.2 |
| Cash paid for income taxes | $74.4 | $37.7 | $26.9 |
F- 8
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.