Allegion plc
For the period ended Dec 31, 2023. Filed Feb 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.
FY2023 · Filed Feb 20, 2024
ALLE$189.49-0.5%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
Item 8. Consolidated Statements of Cash Flows
In millions
| For the years ended December 31, | 2023 | 2022 | 2021 |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net earnings | $540.6 | $458.3 | $483.3 |
| Adjustments to arrive at net cash provided by operating activities: | |||
| Depreciation and amortization | 111.6 | 97.9 | 83.1 |
| Impairment of intangible assets | 7.5 | — | — |
| Loss on divestitures | — | 7.1 | — |
| Share-based compensation | 26.4 | 24.5 | 23.4 |
| Unrealized losses (gains) on investments, net | 0.8 | 0.2 | (25.6) |
| Deferred income taxes | (67.7) | (71.3) | (43.8) |
| Other items | (0.8) | 12.6 | 8.4 |
| Changes in other assets and liabilities: | |||
| Accounts and notes receivable | (11.9) | (53.4) | 31.7 |
| Inventories | 44.6 | (61.7) | (105.6) |
| Accounts payable | (33.6) | 2.5 | 40.0 |
| Other assets and liabilities | (16.9) | 42.8 | (6.3) |
| Net cash provided by operating activities | 600.6 | 459.5 | 488.6 |
| Cash flows from investing activities: | |||
| Capital expenditures | (84.2) | (64.0) | (45.4) |
| Acquisition of and equity investments in businesses, net of cash acquired | (31.7) | (923.1) | (6.5) |
| Proceeds from sale of equity method investment | — | — | 7.6 |
| Other investing activities, net | (13.2) | (7.0) | 12.7 |
| Net cash used in investing activities | (129.1) | (994.1) | (31.6) |
| Cash flows from financing activities: | |||
| Debt repayments, net | (12.6) | (12.6) | (238.9) |
| Proceeds from 2021 Revolving Facility | 30.0 | 340.0 | — |
| Repayments of 2021 Revolving Facility | (99.0) | (271.0) | — |
| Proceeds from issuance of 2021 Term Facility | — | — | 250.0 |
| Proceeds from issuance of Senior Notes | — | 600.0 | — |
| Proceeds from (repayments of) debt, net | (81.6) | 656.4 | 11.1 |
| Debt financing costs | — | (10.2) | (1.9) |
| Dividends paid to ordinary shareholders | (158.7) | (143.9) | (129.0) |
| Repurchase of ordinary shares | (59.9) | (61.0) | (412.8) |
| Other financing activities, net | 1.5 | (4.3) | 3.3 |
| Net cash (used in) provided by financing activities | (298.7) | 437.0 | (529.3) |
| Effect of exchange rate changes on cash and cash equivalents | 7.3 | (12.3) | (10.2) |
| Net increase (decrease) in cash and cash equivalents | 180.1 | (109.9) | (82.5) |
| Cash and cash equivalents – beginning of period | 288.0 | 397.9 | 480.4 |
| Cash and cash equivalents – end of period | $468.1 | $288.0 | $397.9 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.