Allegion plc
For the period ended Dec 31, 2024. Filed Feb 18, 2025.
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FY2024 · Filed Feb 18, 2025
ALLE$189.49-0.5%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
In millions
| For the years ended December 31, | 2024 | 2023 | 2022 |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net earnings | $597.5 | $540.6 | $458.3 |
| Adjustments to arrive at net cash provided by operating activities: | |||
| Depreciation and amortization | 119.0 | 111.6 | 97.9 |
| Impairment of intangible assets | — | 7.5 | — |
| Loss on divestitures | — | — | 7.1 |
| Share-based compensation | 28.2 | 26.4 | 24.5 |
| Unrealized losses on investments, net | 1.0 | 0.8 | 0.2 |
| Deferred income taxes | (44.2) | (67.7) | (71.3) |
| Other items | (2.4) | (0.8) | 12.6 |
| Changes in other assets and liabilities: | |||
| Accounts and notes receivable | (6.7) | (11.9) | (53.4) |
| Inventories | 16.7 | 44.6 | (61.7) |
| Accounts payable | 3.6 | (33.6) | 2.5 |
| Other assets and liabilities | (37.7) | (16.9) | 42.8 |
| Net cash provided by operating activities | 675.0 | 600.6 | 459.5 |
| Cash flows from investing activities: | |||
| Capital expenditures | (92.1) | (84.2) | (64.0) |
| Acquisition of and equity investments in businesses, net of cash acquired | (137.2) | (31.7) | (923.1) |
| Other investing activities, net | 0.9 | (13.2) | (7.0) |
| Net cash used in investing activities | (228.4) | (129.1) | (994.1) |
| Cash flows from financing activities: | |||
| Debt repayments | (413.3) | (12.6) | (12.6) |
| Proceeds from Revolving Facility | — | 30.0 | 340.0 |
| Repayments of Revolving Facility | — | (99.0) | (271.0) |
| Proceeds from issuance of Senior Notes | 400.0 | — | 600.0 |
| (Repayments of) proceeds from debt, net | (13.3) | (81.6) | 656.4 |
| Debt financing costs | (7.6) | — | (10.2) |
| Dividends paid to ordinary shareholders | (167.0) | (158.7) | (143.9) |
| Proceeds from exercise of stock options | 14.7 | 1.3 | (3.3) |
| Repurchase of ordinary shares | (220.0) | (59.9) | (61.0) |
| Other financing activities, net | (1.3) | 0.2 | (1.0) |
| Net cash (used in) provided by financing activities | (394.5) | (298.7) | 437.0 |
| Effect of exchange rate changes on cash and cash equivalents | (16.4) | 7.3 | (12.3) |
| Net increase (decrease) in cash and cash equivalents | 35.7 | 180.1 | (109.9) |
| Cash and cash equivalents – beginning of period | 468.1 | 288.0 | 397.9 |
| Cash and cash equivalents – end of period | $503.8 | $468.1 | $288.0 |
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