Cash flow Applied Industrial Technologies, Inc.

Equities

AIT

US03820C1053

Industrial Machinery & Equipment

Market Closed - Nyse Other stock markets 04:00:02 2025-01-17 pm EST			5-day change	1st Jan Change
257.39 ^USD	+0.72%		+5.14%	+7.48%

Jan. 02	Applied Industrial Technologies Closes Acquisition of Hydradyne	MT
Dec. 30	Applied Industrial Technologies, Inc. completed the acquisition of Hydradyne, LLC from LOR, Inc.	CI

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Published financial data: APPLIED INDUSTRIAL TECHNOLOGIES, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2020	2021	2022	2023	2024
Revenues	3.25B	3.24B	3.81B	4.41B	4.48B
Total Revenues	3.25B	3.24B	3.81B	4.41B	4.48B
Cost of Goods Sold, Total	2.3B	2.29B	2.7B	3.13B	3.14B
Gross Profit	942M	943M	1.11B	1.29B	1.34B
Selling General & Admin Expenses, Total	671M	646M	718M	784M	812M
Amortization of Goodwill and Intangible Assets - (IS)	41.55M	34.36M	31.88M	30.8M	28.92M
Other Operating Expenses, Total	713M	680M	750M	815M	841M
Operating Income	229M	262M	357M	472M	496M
Interest Expense, Total	-37.26M	-30.81M	-26.78M	-24.79M	-20.54M
Interest And Investment Income	729K	215K	522K	3.15M	17.71M
Net Interest Expenses	-36.54M	-30.59M	-26.26M	-21.64M	-2.83M
Currency Exchange Gains (Loss)	2.46M	-2.09M	65K	-3.28M	1.1M
Other Non Operating Income (Expenses)	199K	4.57M	-1.26M	3.05M	4.15M
EBT, Excl. Unusual Items	195M	234M	330M	450M	498M
Restructuring Charges	-9M	-7.8M	-	-	-
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-131M	-	-	-	-
Asset Writedown	-	-49.53M	-	-	-
EBT, Incl. Unusual Items	55.24M	177M	330M	450M	498M
Income Tax Expense	31.19M	32.3M	72.38M	103M	112M
Earnings From Continuing Operations	24.04M	145M	257M	347M	386M
Net Income to Company	24.04M	145M	257M	347M	386M
Net Income - (IS)	24.04M	145M	257M	347M	386M
Net Income to Common Incl Extra Items	24.04M	145M	257M	347M	386M
Net Income to Common Excl. Extra Items	24.04M	145M	257M	347M	386M
Per Share Items
Net EPS - Basic	0.62	3.73	6.69	8.98	9.98
Basic EPS - Continuing Operations	0.62	3.73	6.69	8.98	9.98
Basic Weighted Average Shares Outstanding	38.66M	38.76M	38.47M	38.59M	38.67M
Net EPS - Diluted	0.62	3.68	6.58	8.84	9.83
Diluted EPS - Continuing Operations	0.62	3.68	6.58	8.84	9.83
Diluted Weighted Average Shares Outstanding	39M	39.3M	39.1M	39.22M	39.26M
Normalized Basic EPS	3.16	3.78	5.36	7.28	8.05
Normalized Diluted EPS	3.13	3.73	5.27	7.17	7.93
Dividend Per Share	1.26	1.3	1.34	1.38	1.44
Payout Ratio	203.28	35	20.13	15.41	14.49
Supplemental Items
EBITDA	292M	318M	411M	525M	548M
EBITA	271M	297M	389M	502M	525M
EBIT	229M	262M	357M	472M	496M
EBITDAR	336M	359M	452M	570M	600M
Effective Tax Rate - (Ratio)	56.47	18.24	21.95	22.91	22.56
Current Domestic Taxes	38.73M	57.72M	50.8M	103M	110M
Current Foreign Taxes	5.76M	5.66M	6.4M	5.47M	3.92M
Total Current Taxes	44.49M	63.38M	57.2M	109M	113M
Deferred Domestic Taxes	-11.69M	-28.91M	15.13M	-1.96M	368K
Deferred Foreign Taxes	-1.6M	-2.17M	50K	-3.75M	-1.44M
Total Deferred Taxes	-13.29M	-31.08M	15.18M	-5.72M	-1.07M
Normalized Net Income	122M	146M	206M	281M	311M
Non-Cash Pension Expense	390K	781K	1.25M	855K	735K
Supplemental Operating Expense Items
Selling and Marketing Expenses	19.62M	15.97M	17.89M	22.17M	24.62M
Net Rental Expense, Total	43.73M	41.71M	41.64M	45.14M	51.59M
Imputed Operating Lease Interest Expense	13.12M	10.55M	10.37M	11.73M	11.61M
Imputed Operating Lease Depreciation	30.61M	31.16M	31.27M	33.41M	39.98M
Stock-Based Comp., SG&A Exp. (Total)	6.95M	8.98M	11.84M	12.36M	12.94M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	6.95M	8.98M	11.84M	12.36M	12.94M

Fiscal Period: June	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	269M	258M	184M	344M	461M
Total Cash And Short Term Investments	269M	258M	184M	344M	461M
Accounts Receivable, Total	458M	532M	674M	726M	738M
Total Receivables	458M	532M	674M	726M	738M
Inventory	389M	363M	450M	501M	488M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	43.64M	44.78M	50.76M	75.28M	83.5M
Total Current Assets	1.16B	1.2B	1.36B	1.65B	1.77B
Gross Property Plant And Equipment	405M	407M	435M	445M	496M
Accumulated Depreciation	-192M	-204M	-215M	-229M	-245M
Net Property Plant And Equipment	213M	203M	220M	216M	252M
Long-term Investments	12.26M	16.84M	15.32M	18.64M	22.52M
Goodwill	541M	560M	563M	578M	619M
Other Intangibles, Total	343M	280M	251M	236M	246M
Deferred Tax Assets Long-Term	4.75M	6.37M	5.68M	9.99M	11.31M
Other Long-Term Assets, Total	10.43M	9.61M	38.32M	38.21M	31.1M
Total Assets	2.28B	2.27B	2.45B	2.74B	2.95B
Liabilities
Accounts Payable, Total	186M	208M	259M	302M	267M
Accrued Expenses, Total	61.89M	77.66M	91.17M	98.74M	93.2M
Current Portion of Long-Term Debt	78.65M	43.52M	40.17M	25.17M	25.06M
Current Portion of Leases	27.23M	27.36M	30.11M	31.17M	33.47M
Other Current Liabilities	72.05M	71M	78.71M	83.58M	82.43M
Total Current Liabilities	426M	428M	500M	540M	501M
Long-Term Debt	855M	785M	649M	597M	572M
Long-Term Leases	67.93M	64.25M	80.81M	72.7M	104M
Pension & Other Post Retirement Benefits	-	-	-	-	-
Deferred Tax Liability Non Current	42.9M	19.26M	44.01M	44.98M	51.58M
Other Non Current Liabilities	47.96M	43.2M	29.64M	29.94M	34.03M
Total Liabilities	1.44B	1.34B	1.3B	1.28B	1.26B
Common Stock, Total	10M	10M	10M	10M	10M
Additional Paid In Capital	176M	177M	184M	189M	194M
Retained Earnings	1.2B	1.29B	1.5B	1.79B	2.12B
Treasury Stock	-414M	-456M	-472M	-478M	-559M
Comprehensive Income and Other	-129M	-93.09M	-72.3M	-55.3M	-77.57M
Total Common Equity	844M	933M	1.15B	1.46B	1.69B
Total Equity	844M	933M	1.15B	1.46B	1.69B
Total Liabilities And Equity	2.28B	2.27B	2.45B	2.74B	2.95B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	38.71M	38.52M	38.49M	38.66M	38.36M
ECS Total Common Shares Outstanding	38.71M	38.52M	38.5M	38.66M	38.41M
Book Value / Share	21.79	24.21	29.85	37.73	43.97
Tangible Book Value	-40.27M	92.84M	336M	644M	824M
Tangible Book Value Per Share	-1.04	2.41	8.72	16.67	21.44
Total Debt	1.03B	920M	800M	726M	735M
Net Debt	748M	645M	600M	363M	252M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	-	-	-
Debt Equivalent Oper. Leases	350M	334M	333M	361M	413M
Account Code - Inventory Valuation	4	4	4	4	4
LIFO Reserve, Total	-156M	-152M	-179M	-215M	-226M
Inventories - Finished Goods, Total	545M	514M	629M	716M	714M
Land - (BS)	14.34M	14.4M	14.32M	14.22M	14.16M
Buildings, Total	104M	107M	108M	110M	115M
Machinery, Total	195M	198M	204M	220M	234M
Full Time Employees	6.2K	5.95K	6.1K	6.2K	6.5K
Accumulated Allowance for Doubtful Accounts (Supple)	13.66M	16.46M	17.52M	22.33M	13.06M

Fiscal Period: June	2020	2021	2022	2023	2024
Net Income	24.04M	145M	257M	347M	386M
Depreciation & Amortization - CF	21.2M	20.78M	21.68M	22.27M	23.43M
Amortization of Goodwill and Intangible Assets - (CF)	41.55M	34.36M	31.88M	30.8M	28.92M
Depreciation & Amortization, Total	62.75M	55.14M	53.56M	53.07M	52.35M
(Gain) Loss From Sale Of Asset	-1.16M	-368K	-	-	-
Asset Writedown & Restructuring Costs	131M	49.53M	-	-	-
Stock-Based Compensation (CF)	6.95M	8.98M	11.84M	12.36M	12.94M
Provision and Write-off of Bad Debts	14.06M	6.54M	3.19M	5.62M	-205K
Other Operating Activities, Total	-14.65M	-29.27M	13.42M	-4.57M	-2.38M
Change In Accounts Receivable	74.44M	-59.12M	-146M	-51.06M	-1.92M
Change In Inventories	57.03M	41.32M	-92.42M	-42.98M	18.39M
Change In Accounts Payable	-53.86M	10.92M	53.6M	37.68M	-39.27M
Change in Other Net Operating Assets	-3.89M	13.26M	32.49M	-12.9M	-54.27M
Cash from Operations	297M	242M	188M	344M	371M
Capital Expenditure	-20.12M	-15.85M	-18.12M	-26.48M	-24.86M
Sale of Property, Plant, and Equipment	1.95M	1.15M	1.11M	1.43M	576K
Cash Acquisitions	-37.24M	-30.23M	-6.96M	-35.78M	-72.09M
Other Investing Activities, Total	-	-	-11.68M	-	971K
Cash from Investing	-55.4M	-44.93M	-35.66M	-60.83M	-95.41M
Long-Term Debt Issued, Total	25M	26M	411M	-	408K
Total Debt Issued	25M	26M	411M	-	408K
Long-Term Debt Repaid, Total	-49.55M	-132M	-550M	-67.25M	-25.25M
Total Debt Repaid	-49.55M	-132M	-550M	-67.25M	-25.25M
Issuance of Common Stock	330K	163K	555K	127K	127K
Repurchase of Common Stock	-2.61M	-50.17M	-21.86M	-13.61M	-89.66M
Common Dividends Paid	-48.87M	-50.66M	-51.8M	-53.45M	-55.88M
Common & Preferred Stock Dividends Paid	-48.87M	-50.66M	-51.8M	-53.45M	-55.88M
Other Financing Activities, Total	-2.54M	-6.48M	-10.02M	7.29M	13.79M
Cash from Financing	-78.24M	-213M	-223M	-127M	-156M
Foreign Exchange Rate Adjustments	-2.74M	5.46M	-2.15M	3.32M	-2.94M
Net Change in Cash	160M	-10.81M	-73.27M	160M	117M
Supplemental Items
Cash Interest Paid	36.65M	27.49M	20.16M	22.57M	23.98M
Cash Income Tax Paid (Refund)	41.16M	64.39M	53.3M	108M	116M
Levered Free Cash Flow	264M	182M	90.11M	245M	289M
Unlevered Free Cash Flow	287M	201M	107M	261M	302M
Change In Net Working Capital	-94.15M	11M	164M	73.05M	47.94M
Net Debt Issued / Repaid	-24.55M	-106M	-140M	-67.25M	-24.84M

Fiscal Period: June	2020	2021	2022	2023	2024
Profitability
Return on Assets	6.21	7.2	9.45	11.35	10.88
Return on Total Capital	7.68	8.81	11.74	14.26	13.45
Return On Equity %	2.76	16.3	24.73	26.59	24.51
Return on Common Equity	2.76	16.3	24.73	26.59	24.51
Margin Analysis
Gross Profit Margin %	29.01	29.14	29.05	29.16	29.84
SG&A Margin	20.67	19.97	18.84	17.78	18.13
EBITDA Margin %	8.99	9.82	10.78	11.89	12.24
EBITA Margin %	8.34	9.17	10.21	11.39	11.71
EBIT Margin %	7.06	8.11	9.37	10.69	11.07
Income From Continuing Operations Margin %	0.74	4.47	6.76	7.86	8.61
Net Income Margin %	0.74	4.47	6.76	7.86	8.61
Net Avail. For Common Margin %	0.74	4.47	6.76	7.86	8.61
Normalized Net Income Margin	3.76	4.53	5.41	6.37	6.95
Levered Free Cash Flow Margin	8.12	5.63	2.36	5.56	6.46
Unlevered Free Cash Flow Margin	8.84	6.22	2.8	5.91	6.75
Asset Turnover
Asset Turnover	1.41	1.42	1.61	1.7	1.57
Fixed Assets Turnover	19.27	15.59	18.03	20.26	19.16
Receivables Turnover (Average Receivables)	6.44	6.54	6.32	6.3	6.12
Inventory Turnover (Average Inventory)	5.51	6.1	6.66	6.57	6.35
Short Term Liquidity
Current Ratio	2.72	2.8	2.72	3.05	3.53
Quick Ratio	1.71	1.85	1.72	1.98	2.39
Operating Cash Flow to Current Liabilities	0.7	0.57	0.38	0.64	0.74
Days Sales Outstanding (Average Receivables)	56.85	55.83	57.76	57.93	59.8
Days Outstanding Inventory (Average Inventory)	66.46	59.83	54.83	55.52	57.61
Average Days Payable Outstanding	34.52	31.76	30.58	32.23	33.25
Cash Conversion Cycle (Average Days)	88.79	83.9	82.01	81.22	84.17
Long Term Solvency
Total Debt/Equity	121.98	98.65	69.63	49.78	43.52
Total Debt / Total Capital	54.95	49.66	41.05	33.23	30.32
LT Debt/Equity	109.43	91.05	63.51	45.91	40.05
Long-Term Debt / Total Capital	49.3	45.83	37.44	30.65	27.91
Total Liabilities / Total Assets	63.06	58.95	53.14	46.84	42.79
EBIT / Interest Expense	6.15	8.52	13.34	19.03	24.13
EBITDA / Interest Expense	9.01	11.66	16.89	22.99	29.19
(EBITDA - Capex) / Interest Expense	8.47	11.15	16.22	21.92	27.98
Total Debt / EBITDA	3.07	2.56	1.77	1.27	1.23
Net Debt / EBITDA	2.23	1.8	1.33	0.64	0.42
Total Debt / (EBITDA - Capex)	3.26	2.68	1.84	1.34	1.28
Net Debt / (EBITDA - Capex)	2.37	1.88	1.38	0.67	0.44
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-6.54	-0.3	17.76	15.8	1.51
Gross Profit, 1 Yr. Growth %	-6.61	0.55	17.39	16.27	3.86
EBITDA, 1 Yr. Growth %	-11.53	10.31	29.33	27.74	4.44
EBITA, 1 Yr. Growth %	-12.59	11.28	31.08	29.13	4.41
EBIT, 1 Yr. Growth %	-14.44	16.56	36.09	32.03	5.09
Earnings From Cont. Operations, 1 Yr. Growth %	-83.3	502.1	77.82	34.7	11.25
Net Income, 1 Yr. Growth %	-83.3	502.1	77.82	34.7	11.25
Normalized Net Income, 1 Yr. Growth %	-14.51	22.5	40.7	36.39	10.45
Diluted EPS Before Extra, 1 Yr. Growth %	-83.15	493.55	78.8	34.35	11.2
Accounts Receivable, 1 Yr. Growth %	-16.62	15.94	26.9	7.68	1.54
Inventory, 1 Yr. Growth %	-13.05	-6.84	24.07	11.42	-2.58
Net Property, Plant and Equip., 1 Yr. Growth %