HUBBELL INC
For the period ended Sep 30, 2025. Filed Oct 29, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Oct 29, 2025
HUBB$437.79-0.9%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows (unaudited)
| Nine Months Ended September 30, | ||
|---|---|---|
| (in millions) | 2025 | 2024 |
| Cash Flows from Operating Activities | ||
| Net income | $666.7 | $585.3 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 144.6 | 158.8 |
| Deferred income taxes | (8.2) | 4.1 |
| Stock-based compensation | 27.0 | 24.2 |
| Loss on disposition of business | 0.4 | 5.3 |
| Loss on sale of assets | 0.9 | 0.7 |
| Changes in assets and liabilities, excluding effects of acquisitions: | ||
| Increase in accounts receivable, net | (147.7) | (116.6) |
| Increase in inventories, net | (37.9) | (30.7) |
| Decrease in accounts payable | (10.9) | (14.0) |
| Decrease in current liabilities | (38.8) | (66.2) |
| Changes in other assets and liabilities, net | 11.2 | 17.2 |
| Contribution to qualified defined benefit pension plans | (21.4) | (1.3) |
| Other, net | (3.6) | (8.0) |
| Net cash provided by operating activities | 582.3 | 558.8 |
| Cash Flows from Investing Activities | ||
| Capital expenditures | (96.4) | (112.4) |
| Acquisitions, net of cash acquired | (129.1) | 5.9 |
| Proceeds from disposal of business, net of cash | 2.6 | 122.9 |
| Purchases of available-for-sale investments | (17.6) | (11.7) |
| Proceeds from available-for-sale investments | 12.7 | 14.5 |
| Other, net | 12.4 | 0.8 |
| Net cash (used in) provided by investing activities | (215.4) | 20.0 |
| Cash Flows from Financing Activities | ||
| Payment of long-term debt | — | (386.3) |
| Borrowing of short-term debt, net | 426.3 | 173.6 |
| Payment of dividends | (211.1) | (196.5) |
| Acquisition of common shares | (225.0) | (30.0) |
| Other, net | (32.8) | (37.2) |
| Net cash used in financing activities | (42.6) | (476.4) |
| Effect of exchange rate changes on cash and cash equivalents | 13.0 | (3.2) |
| Increase in cash and cash equivalents | 337.3 | 99.2 |
| Cash and cash equivalents, beginning of year | 329.1 | 336.1 |
| Restricted cash, included in other assets, beginning of year | 2.5 | 3.2 |
| Less: Restricted cash, included in Other Assets | 2.1 | 2.8 |
| Cash and cash equivalents, end of period | $666.8 | $435.7 |
HUBBELL INCORPORATED-Form 10-Q 6
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