Vontier Corp
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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FY2024 · Filed Feb 13, 2025
VNT$43.13-1.7%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in millions)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net earnings | $422.2 | $376.9 | $401.3 |
| Non-cash items: | |||
| Depreciation expense | 47.4 | 43.8 | 40.9 |
| Amortization of acquisition-related intangible assets | 79.7 | 81.2 | 78.0 |
| Stock-based compensation expense | 31.6 | 31.5 | 24.3 |
| Gain on sale of business | (37.2) | (34.4) | — |
| Gain on previously held equity interests from combination of business | — | — | (32.7) |
| Unrealized loss on equity securities measured at fair value | — | — | 8.7 |
| Change in deferred income taxes | (32.8) | (47.3) | (41.2) |
| Other non-cash items | 3.3 | 3.4 | 11.9 |
| Change in accounts receivable, net | (203.9) | (148.1) | (217.2) |
| Change in inventories | (48.5) | 48.9 | (74.3) |
| Change in long-term financing receivables, net | 147.9 | 141.2 | 140.3 |
| Change in trade accounts payable | 14.9 | (66.8) | 21.3 |
| Change in other operating assets and liabilities | 2.9 | 24.7 | (40.1) |
| Net cash provided by operating activities | 427.5 | 455.0 | 321.2 |
| Cash flows from investing activities: | |||
| Proceeds from sale of business, net of cash provided | 68.4 | 107.5 | — |
| Cash paid for acquisitions, net of cash received | — | — | (277.5) |
| Payments for additions to property, plant and equipment | (82.7) | (60.1) | (60.0) |
| Proceeds from sale of property, plant and equipment | 5.6 | 4.5 | 0.4 |
| Cash paid for equity investments | (2.9) | (3.0) | (11.8) |
| Proceeds from sale of equity securities | 0.2 | 20.4 | 19.0 |
| Net cash (used in) provided by investing activities | (11.4) | 69.3 | (329.9) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of long-term debt | — | — | 1,167.0 |
| Repayment of long-term debt | (150.0) | (300.0) | (1,167.0) |
| Net (repayments of) proceeds from short-term borrowings | (4.5) | 1.9 | 0.4 |
| Payments for debt issuance costs | — | — | (0.8) |
| Payments of common stock cash dividend | (15.2) | (15.5) | (15.9) |
| Purchases of treasury stock | (224.7) | (74.7) | (328.0) |
| Proceeds from stock option exercises | 17.0 | 10.4 | 2.5 |
| Other financing activities | (14.9) | (9.9) | (6.1) |
| Net cash used in financing activities | (392.3) | (387.8) | (347.9) |
| Effect of exchange rate changes on cash and cash equivalents | (8.3) | (0.1) | (11.5) |
| Net change in cash and cash equivalents | 15.5 | 136.4 | (368.1) |
| Beginning balance of cash and cash equivalents | 340.9 | 204.5 | 572.6 |
| Ending balance of cash and cash equivalents | $356.4 | $340.9 | $204.5 |
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