HUBBELL INC
For the period ended Jun 30, 2026. Filed Jul 29, 2026.
View on SEC.govAbout this filing
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.
Jun 30, 2026 · Filed Jul 29, 2026
HUBB$437.79-0.9%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
Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows (unaudited)
| Six Months Ended June 30, | ||
|---|---|---|
| (in millions) | 2026 | 2025 |
| Cash Flows from Operating Activities | ||
| Net income | $425.2 | $410.0 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 127.8 | 95.2 |
| Deferred income taxes | (8.9) | (18.4) |
| Stock-based compensation | 21.9 | 20.7 |
| Loss on disposition of business | — | 0.4 |
| Loss (gain) on sale of assets | 1.5 | (1.3) |
| Changes in assets and liabilities, excluding effects of acquisitions: | ||
| Increase in accounts receivable, net | (167.1) | (140.4) |
| Increase in inventories, net | (79.2) | (15.1) |
| Increase (decrease) in accounts payable | 68.0 | (11.9) |
| Decrease in current liabilities | (36.9) | (21.9) |
| Changes in other assets and liabilities, net | (18.4) | (0.5) |
| Contribution to qualified defined benefit pension plans | (1.4) | (21.4) |
| Other, net | 3.9 | 2.6 |
| Net cash provided by operating activities | 336.4 | 298.0 |
| Cash Flows from Investing Activities | ||
| Capital expenditures | (77.6) | (65.9) |
| Acquisitions, net of cash acquired | (3,005.7) | (73.2) |
| Proceeds from disposal of business, net of cash | — | 2.6 |
| Purchases of available-for-sale investments | (12.9) | (15.5) |
| Proceeds from available-for-sale investments | 8.3 | 5.4 |
| Other, net | 1.3 | 6.0 |
| Net cash used in investing activities | (3,086.6) | (140.6) |
| Cash Flows from Financing Activities | ||
| Issuance of long-term debt | 2,787.5 | — |
| Borrowing of short-term debt, net | 279.6 | 277.7 |
| Payment of dividends | (150.4) | (140.9) |
| Debt issuance costs | (19.9) | — |
| Acquisition of common shares | (203.5) | (225.0) |
| Other, net | (41.6) | (29.3) |
| Net cash provided (used in) by financing activities | 2,651.7 | (117.5) |
| Effect of exchange rate changes on cash and cash equivalents | (1.2) | 13.1 |
| (Decrease) increase in cash and cash equivalents | (99.7) | 53.0 |
| Cash and cash equivalents, beginning of year | 482.5 | 329.1 |
| Restricted cash, included in other assets, beginning of year | 1.8 | 2.5 |
| Less: Restricted cash, included in Other Assets | 6.0 | 2.0 |
| Cash and cash equivalents, end of period | $378.6 | $382.6 |
HUBBELL INCORPORATED-Form 10-Q 6
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.