ROCKWELL AUTOMATION, INC. CONDENSED CASH FLOW INFORMATION (in millions) |
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Six Months Ended
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2020 |
|
2019 |
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Operating activities: |
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|
|
|
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Net income |
|
$ |
445.3 |
|
|
$ |
426.3 |
|
||
Depreciation and amortization |
|
84.2 |
|
|
75.3 |
|
||||
Change in fair value of investments1 |
|
73.8 |
|
|
114.5 |
|
||||
Retirement benefits expense |
|
63.4 |
|
|
34.4 |
|
||||
Settlement of Treasury locks |
|
— |
|
|
(35.7 |
) |
||||
Pension contributions |
|
(17.3 |
) |
|
(15.1 |
) |
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Receivables/inventories/payables |
|
(95.4 |
) |
|
(139.6 |
) |
||||
Contract liabilities |
|
52.4 |
|
|
41.2 |
|
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Compensation and benefits |
|
(99.1 |
) |
|
(90.5 |
) |
||||
Income taxes |
|
(79.2 |
) |
|
(66.7 |
) |
||||
Other |
|
20.4 |
|
|
11.7 |
|
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| Cash provided by operating activities |
|
448.5 |
|
|
355.8 |
|
||||
| Investing activities: |
|
|
|
|
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| Capital expenditures |
|
(56.6 |
) |
|
(80.9 |
) |
||||
| Acquisition of businesses, net of cash acquired |
|
(259.3 |
) |
|
(20.7 |
) |
||||
| Purchases of investments |
|
(2.6 |
) |
|
(2.8 |
) |
||||
| Proceeds from maturities and sales of investments |
|
43.3 |
|
|
219.2 |
|
||||
| Proceeds from sale of property |
|
1.6 |
|
|
3.3 |
|
||||
| Cash (used for) provided by investing activities |
|
(273.6 |
) |
|
118.1 |
|
||||
| Financing activities: |
|
|
|
|
||||||
| Net issuance (repayment) of short-term debt |
|
81.5 |
|
|
(549.7 |
) |
||||
| Issuance of long-term debt, net of discount and issuance costs |
|
— |
|
|
987.6 |
|
||||
| Repayment of long-term debt |
|
(300.0 |
) |
|
— |
|
||||
| Cash dividends |
|
(236.3 |
) |
|
(232.5 |
) |
||||
| Purchases of treasury stock |
|
(213.7 |
) |
|
(535.2 |
) |
||||
| Proceeds from the exercise of stock options |
|
133.7 |
|
|
23.8 |
|
||||
| Other financing activities |
|
0.8 |
|
|
— |
|
||||
| Cash used for financing activities |
|
(534.0 |
) |
|
(306.0 |
) |
||||
| Effect of exchange rate changes on cash |
|
(17.5 |
) |
|
(6.7 |
) |
||||
| (Decrease) increase in cash and cash equivalents |
|
$ |
(376.6 |
) |
|
$ |
161.2 |
|
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Rockwell Automation Reports Second Quarter Fiscal 2020 Results
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