Ferguson Enterprises Inc DE
For the period ended Jul 31, 2024. Filed Sep 25, 2024.
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FY2024 · Filed Sep 25, 2024
FERG$259.44-0.2%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) | For the years ended July 31, | ||
|---|---|---|---|
| 2024 · 2023 · 2022 | |||
| Cash flows from operating activities: | |||
| Net income | $1,735 | $1,889 | $2,122 |
| Income from discontinued operations | — | — | (23) |
| Income from continuing operations | 1,735 | 1,889 | 2,099 |
| Depreciation and amortization | 335 | 321 | 301 |
| Share-based compensation | 49 | 51 | 57 |
| Non-cash impact of impairments | — | 125 | 15 |
| Changes in deferred income taxes | 125 | (104) | 41 |
| Changes in inventories | (252) | 607 | (927) |
| Increase in receivables and other assets | (98) | (1) | (780) |
| Changes in accounts payable and other liabilities | 11 | (196) | 436 |
| Changes in income taxes payable | (45) | 24 | (103) |
| Other operating activities | 13 | 11 | 10 |
| Net cash provided by operating activities of continuing operations | 1,873 | 2,727 | 1,149 |
| Net cash used in operating activities of discontinued operations | — | (4) | — |
| Net cash provided by operating activities | 1,873 | 2,723 | 1,149 |
| Cash flows from investing activities: | |||
| Purchase of businesses acquired, net of cash acquired | (260) | (616) | (650) |
| Capital expenditures | (372) | (441) | (290) |
| Other investing activities | 31 | 3 | (6) |
| Net cash used in investing activities of continuing operations | (601) | (1,054) | (946) |
| Net cash provided by investing activities of discontinued operations | — | — | 24 |
| Net cash used in investing activities | (601) | (1,054) | (922) |
| Cash flows from financing activities: | |||
| Purchase of own shares by Employee Benefit Trust | — | — | (92) |
| Purchase of treasury shares | (634) | (908) | (1,545) |
| Proceeds from sale of treasury shares | 17 | 17 | 13 |
| Repayments of debt | (2,110) | (2,930) | (575) |
| Proceeds from debt | 2,255 | 2,775 | 2,019 |
| Change in bank overdrafts | (16) | (15) | (4) |
| Cash dividends | (784) | (711) | (538) |
| Other financing activities | (41) | (35) | (22) |
| Net cash used in financing activities | (1,313) | (1,807) | (744) |
| Change in cash, cash equivalents and restricted cash | (41) | (138) | (517) |
| Effects of exchange rate changes | (3) | 22 | (40) |
| Cash, cash equivalents and restricted cash, beginning of period | 669 | 785 | 1,342 |
| Cash, cash equivalents and restricted cash, end of period | $625 | $669 | $785 |
| Supplemental Disclosures: | |||
| Cash paid for income taxes | $651 | $656 | $670 |
| Cash paid for interest | 188 | 182 | 94 |
| Accrued capital expenditures | 6 | 17 | 16 |
| Accrued dividends | — | 152 | — |
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