AMPHENOL CORPORATION (APH) FY2023 Annual Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2023-01-01 to 2023-12-31

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AMPHENOL CORPORATION cash flow reconciliation, Jan 1, 2023 through Dec 31, 2023One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income from continuing operations → Net cash from operating activities: $1,945,500,000.00Depreciation and amortization → Operating adjustments reconciliation: $406,400,000.00Accounts receivable, net → Operating adjustments reconciliation: $146,400,000.00Stock-based compensation expense → Operating adjustments reconciliation: $99,000,000.00Inventories → Operating adjustments reconciliation: $71,400,000.00Accrued income taxes → Operating adjustments reconciliation: $7,700,000.00Operating adjustments reconciliation → Net cash from operating activities: $583,200,000.00Operating adjustments reconciliation → Deferred income tax provision (benefit): $58,800,000.00Operating adjustments reconciliation → Accounts payable: $34,600,000.00Operating adjustments reconciliation → Prepaid expenses and other current assets: $34,100,000.00Operating adjustments reconciliation → Other long-term assets and liabilities: $7,500,000.00Operating adjustments reconciliation → Other accrued liabilities: $7,000,000.00Operating adjustments reconciliation → Gain on bargain purchase acquisition: $5,400,000.00Operating adjustments reconciliation → Accrued pension and postretirement benefits: $300,000.00Sales and maturities of investments → investing reconciliation: $246,300,000.00Other, net → investing reconciliation: $4,900,000.00Proceeds from disposals of property, plant and equipment → investing reconciliation: $4,000,000.00investing reconciliation → Acquisitions, net of cash acquired: $970,400,000.00investing reconciliation → Capital expenditures: $372,800,000.00investing reconciliation → Purchases of investments: $305,700,000.00Net cash used in financing activities → financing reconciliation: $1,012,400,000.00Proceeds from exercise of stock options → financing reconciliation: $394,500,000.00Proceeds from issuance of senior notes and other long-term debt → financing reconciliation: $354,900,000.00financing reconciliation → (Repayments) borrowings under commercial paper programs, net: $632,600,000.00financing reconciliation → Purchase of treasury stock: $585,100,000.00financing reconciliation → Dividend payments: $500,600,000.00financing reconciliation → Distributions to and purchases of noncontrolling interests: $24,000,000.00financing reconciliation → Repayments of senior notes and other long-term debt: $15,700,000.00financing reconciliation → Payment of costs related to debt financing: $2,300,000.00financing reconciliation → Payment of deferred purchase price related to acquisitions: $1,500,000.00Net cash used in investing activities → investing reconciliation: $1,393,700,000.00Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations → Cash sources and uses: $1,373,100,000.00Net cash from operating activities → Cash sources and uses: $2,528,700,000.00Cash sources and uses → Exchange-rate effect: $20,700,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $1,475,000,000.00Cash sources and uses → Net cash used in investing activities: $1,393,700,000.00Cash sources and uses → Net cash used in financing activities: $1,012,400,000.00Net income from continuing operations: $1,945,500,000.00Continuing ops income (loss)+$1.95 BDepreciation and amortization: $406,400,000.00Depreciation & amortization+$406.40 MStock-based compensation expense: $99,000,000.00Stock-based compensation+$99.00 MDeferred income tax provision (benefit): -$58,800,000.00Deferred income taxes−$58.80 MGain on bargain purchase acquisition: -$5,400,000.00Gain on bargain purchase acquisition−$5.40 MAccounts receivable, net: $146,400,000.00Accounts receivable+$146.40 MInventories: $71,400,000.00Inventories+$71.40 MPrepaid expenses and other current assets: -$34,100,000.00Other current assets−$34.10 MAccounts payable: -$34,600,000.00Accounts payable−$34.60 MAccrued income taxes: $7,700,000.00Income taxes payable+$7.70 MOther accrued liabilities: -$7,000,000.00Other accrued liabilities−$7.00 MAccrued pension and postretirement benefits: -$300,000.00Pension & retiree obligations−$300.00 KOther long-term assets and liabilities: -$7,500,000.00Other noncurrent items−$7.50 MNet cash provided by operating activities from discontinued operations: $0.00Net cash from operating activities: $2,528,700,000.00Operating cash+$2.53 BOperating adjustments reconciliation: $730,900,000.00Net cash used in financing activities from discontinued operations: $0.00Transfers to discontinued operations: $0.00Dividend payments: -$500,600,000.00Common dividends paid−$500.60 MDistributions to and purchases of noncontrolling interests: -$24,000,000.00Paid to noncontrolling interests−$24.00 MProceeds from exercise of stock options: $394,500,000.00Stock option exercises+$394.50 MPurchase of treasury stock: -$585,100,000.00Common stock repurchases−$585.10 MPayment of deferred purchase price related to acquisitions: -$1,500,000.00Payment of deferred purchase price related toacquisitions−$1.50 MPayment of costs related to debt financing: -$2,300,000.00Financing costs paid−$2.30 M(Repayments) borrowings under commercial paper programs, net: -$632,600,000.00Commercial paper, net−$632.60 MRepayments of short-term borrowings: $0.00Proceeds from short-term borrowings: $0.00Repayments of senior notes and other long-term debt: -$15,700,000.00Debt & capital securities repaid−$15.70 MProceeds from issuance of senior notes and other long-term debt: $354,900,000.00Senior debt issued+$354.90 MNet cash used in financing activities: -$1,012,400,000.00. Cash required to fund net payments.Financing cash−$1.01 Bfinancing reconciliation: $1,761,800,000.00Capital expenditures: -$372,800,000.00PP&E purchases−$372.80 MProceeds from disposals of property, plant and equipment: $4,000,000.00PP&E sales+$4.00 MPurchases of investments: -$305,700,000.00Investment purchases−$305.70 MSales and maturities of investments: $246,300,000.00Investment sales & maturities+$246.30 MAcquisitions, net of cash acquired: -$970,400,000.00Acquisitions, net of cash−$970.40 MOther, net: $4,900,000.00Other investing, net+$4.90 MNet cash provided by investing activities from discontinued operations: $0.00Net cash used in investing activities: -$1,393,700,000.00. Cash required to fund net payments.Investing cash−$1.39 Binvesting reconciliation: $1,648,900,000.00Cash sources and uses: $3,901,800,000.00Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $1,373,100,000.00Beginning cash$1.37 BEnding cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $1,475,000,000.00Ending cash$1.48 BExchange-rate effect: -$20,700,000.00FX effect−$20.70 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$2.16 BOperating cash − cash spent on PP&ECash flow / Net incomeUnavailableOperating cash flow ÷ net incomeNet cash change+$101.90 MEnding cash − beginning cash
Chart details

AMPHENOL CORPORATION cash flow reconciliation, Jan 1, 2023 through Dec 31, 2023

Cash flows for Jan 1, 2023 through Dec 31, 2023. Cash basis: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations. Beginning cash: Dec 31, 2022. Ending cash: Dec 31, 2023. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2022
1,373,100,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
Operating activities
2,528,700,000 US dollars. Net cash provided.
Net income from continuing operations
1,945,500,000 US dollars
Depreciation and amortization
406,400,000 US dollars
Stock-based compensation expense
99,000,000 US dollars
Deferred income tax provision (benefit)
negative 58,800,000 US dollars
Gain on bargain purchase acquisition
negative 5,400,000 US dollars
Accounts receivable, net
146,400,000 US dollars
Inventories
71,400,000 US dollars
Prepaid expenses and other current assets
negative 34,100,000 US dollars
Accounts payable
negative 34,600,000 US dollars
Accrued income taxes
7,700,000 US dollars
Other accrued liabilities
negative 7,000,000 US dollars
Accrued pension and postretirement benefits
negative 300,000 US dollars
Other long-term assets and liabilities
negative 7,500,000 US dollars
Net cash provided by operating activities from discontinued operations
0 US dollars
Investing activities
negative 1,393,700,000 US dollars. Net cash used.
Capital expenditures
negative 372,800,000 US dollars
Proceeds from disposals of property, plant and equipment
4,000,000 US dollars
Purchases of investments
negative 305,700,000 US dollars
Sales and maturities of investments
246,300,000 US dollars
Acquisitions, net of cash acquired
negative 970,400,000 US dollars
Other, net
4,900,000 US dollars
Net cash provided by investing activities from discontinued operations
0 US dollars
Financing activities
negative 1,012,400,000 US dollars. Net cash used.
Net cash used in financing activities from discontinued operations
0 US dollars
Transfers to discontinued operations
0 US dollars
Dividend payments
negative 500,600,000 US dollars
Distributions to and purchases of noncontrolling interests
negative 24,000,000 US dollars
Proceeds from exercise of stock options
394,500,000 US dollars
Purchase of treasury stock
negative 585,100,000 US dollars
Payment of deferred purchase price related to acquisitions
negative 1,500,000 US dollars
Payment of costs related to debt financing
negative 2,300,000 US dollars
(Repayments) borrowings under commercial paper programs, net
negative 632,600,000 US dollars
Repayments of short-term borrowings
0 US dollars
Proceeds from short-term borrowings
0 US dollars
Repayments of senior notes and other long-term debt
negative 15,700,000 US dollars
Proceeds from issuance of senior notes and other long-term debt
354,900,000 US dollars
Operating adjustment reconciliation
730,900,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
1,761,800,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
1,648,900,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 20,700,000 US dollars
Ending cash on Dec 31, 2023
1,475,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
Cash sources and uses
3,901,800,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
101,900,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
Unavailable. Operating cash flow and reconciliation net income for the same period are required.
Operating cash flow
2,528,700,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
372,800,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
2,155,900,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $583.20M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 2,528,700,000 US dollars minus 372,800,000 US dollars equals 2,155,900,000 US dollars.
AMPHENOL CORPORATION (APH) FY2023 Annual Statement of Cash Flows Sankey chart
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