ROCKWELL AUTOMATION, INC. CONDENSED CASH FLOW INFORMATION (in millions) |
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Twelve Months Ended September 30, |
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2022 |
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|
2021 |
|
Operating activities: |
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|
|
|
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Net income |
|
$ |
919.1 |
|
|
$ |
1,344.3 |
|
Depreciation and amortization |
|
|
238.9 |
|
|
|
189.8 |
|
Change in fair value of investments (1) |
|
|
136.9 |
|
|
|
(397.4 |
) |
Retirement benefits expense |
|
|
76.4 |
|
|
|
155.1 |
|
Pension contributions |
|
|
(53.6 |
) |
|
|
(35.8 |
) |
Settlement of interest rate derivatives |
|
|
— |
|
|
|
(28.0 |
) |
Receivables/inventories/payables |
|
|
(536.4 |
) |
|
|
(156.1 |
) |
Contract liabilities |
|
|
102.0 |
|
|
|
104.4 |
|
Compensation and benefits |
|
|
(78.2 |
) |
|
|
174.6 |
|
| Income taxes |
|
|
(162.9 |
) |
|
|
(126.9 |
) |
| Other operating activities |
|
|
180.9 |
|
|
|
37.0 |
|
| Cash provided by operating activities |
|
|
823.1 |
|
|
|
1,261.0 |
|
| Investing activities: |
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|
|
|
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| Capital expenditures |
|
|
(141.1 |
) |
|
|
(120.3 |
) |
| Acquisition of businesses, net of cash acquired |
|
|
(16.6 |
) |
|
|
(2,488.5 |
) |
| Purchases of investments |
|
|
(59.8 |
) |
|
|
(13.6 |
) |
| Proceeds from sales and maturities of investments |
|
|
213.5 |
|
|
|
0.6 |
|
| Proceeds from sale of property |
|
|
0.6 |
|
|
|
0.4 |
|
| Other investing activities |
|
|
(4.4 |
) |
|
|
(5.2 |
) |
| Cash used for investing activities |
|
|
(7.8 |
) |
|
|
(2,626.6 |
) |
| Financing activities: |
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|
|
|
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| Net issuance of short-term debt |
|
|
40.8 |
|
|
|
275.9 |
|
| Issuance of debt, net of discount and issuance costs |
|
|
18.8 |
|
|
|
1,697.0 |
|
| Repayment of debt |
|
|
(210.0 |
) |
|
|
(2.5 |
) |
| Cash dividends |
|
|
(519.4 |
) |
|
|
(497.1 |
) |
| Purchases of treasury stock |
|
|
(301.3 |
) |
|
|
(299.7 |
) |
| Proceeds from the exercise of stock options |
|
|
57.9 |
|
|
|
154.6 |
|
| Other financing activities |
|
|
(21.0 |
) |
|
|
(30.4 |
) |
| Cash (used for) provided by financing activities |
|
|
(934.2 |
) |
|
|
1,297.8 |
|
| Effect of exchange rate changes on cash |
|
|
(52.6 |
) |
|
|
16.8 |
|
| Decrease in cash, cash equivalents, and restricted cash (2) |
|
$ |
(171.5 |
) |
|
$ |
(51.0 |
) |
| (1) Primarily relates to the change in fair value of investment in PTC. |
| (2) Cash, cash equivalents, and restricted cash at September 30, 2022 and 2021, includes restricted cash of $17.2 million recorded in Other assets in the Condensed Balance Sheet. |
