AMPHENOL CORP DE

For the period ended Dec 31, 2023. Filed Feb 7, 2024.

About 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.

FY2023 · Filed Feb 7, 2024

APH$79.95-0.9%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Cash Flow

(dollars in millions)


· · Year Ended December 31, ·
· 2023 · 2022 · 2021
Cash from operating activities:
Net income from continuing operations	$1,945.5	$1,916.8	$1,580.1
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities from continuing operations:
Depreciation and amortization	406.4	392.9	395.6
Stock-based compensation expense	99.0	89.5	83.0
Deferred income tax benefit	(58.8)	(4.7)	(29.6)
Gain on bargain purchase acquisition	(5.4)	—	—
Net change in operating assets and liabilities, excluding effects of acquisitions:
Accounts receivable, net	146.4	(273.1)	(398.4)
Inventories	71.4	(278.5)	(263.0)
Prepaid expenses and other current assets	(34.1)	49.7	(20.2)
Accounts payable	(34.6)	62.5	131.7
Accrued income taxes	7.7	77.6	(6.9)
Other accrued liabilities	(7.0)	168.7	60.4
Accrued pension and postretirement benefits	(0.3)	(0.4)	5.8
Other long-term assets and liabilities	(7.5)	(26.4)	(14.6)
Net cash provided by operating activities from continuing operations	2,528.7	2,174.6	1,523.9
Net cash provided by operating activities from discontinued operations	—	—	16.2
Net cash provided by operating activities	2,528.7	2,174.6	1,540.1

Cash from investing activities:
Capital expenditures	(372.8)	(383.8)	(360.4)
Proceeds from disposals of property, plant and equipment	4.0	5.6	3.7
Purchases of investments	(305.7)	(309.4)	(164.5)
Sales and maturities of investments	246.3	228.2	155.9
Acquisitions, net of cash acquired	(970.4)	(288.2)	(2,225.4)
Other, net	4.9	16.5	(13.7)
Net cash used in investing activities from continuing operations	(1,393.7)	(731.1)	(2,604.4)
Net cash provided by investing activities from discontinued operations	—	—	716.9
Net cash used in investing activities	(1,393.7)	(731.1)	(1,887.5)

Cash from financing activities:
Proceeds from issuance of senior notes and other long-term debt	354.9	5.8	752.1
Repayments of senior notes and other long-term debt	(15.7)	(10.3)	(912.6)
Proceeds from short-term borrowings	—	44.9	—
Repayments of short-term borrowings	—	(44.9)	—
(Repayments) borrowings under commercial paper programs, net	(632.6)	(159.3)	796.3
Payment of costs related to debt financing	(2.3)	(0.4)	(9.3)
Payment of deferred purchase price related to acquisitions	(1.5)	—	(4.1)
Purchase of treasury stock	(585.1)	(730.5)	(661.7)
Proceeds from exercise of stock options	394.5	185.3	288.5
Distributions to and purchases of noncontrolling interests	(24.0)	(9.9)	(18.9)
Dividend payments	(500.6)	(477.4)	(346.7)
Transfers to discontinued operations	—	—	(28.7)
Net cash used in financing activities from continuing operations	(1,012.4)	(1,196.7)	(145.1)
Net cash used in financing activities from discontinued operations	—	—	(0.1)
Net cash used in financing activities	(1,012.4)	(1,196.7)	(145.2)

Effect of exchange rate changes on cash and cash equivalents	(20.7)	(70.8)	(12.3)

Net increase (decrease) in cash and cash equivalents	101.9	176.0	(504.9)
Cash and cash equivalents balance, beginning of year	1,373.1	1,197.1	1,702.0
Cash and cash equivalents balance, end of year	$1,475.0	$1,373.1	$1,197.1

Cash paid during the year for:
Interest	$129.2	$123.7	$111.9
Income taxes, net	560.4	477.7	445.6

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.