Lincoln Electric Holdings Inc
NASDAQ:LECO
Cash Flow Statement
Cash Flow Statement
Lincoln Electric Holdings Inc
Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Income |
284
|
288
|
268
|
255
|
267
|
260
|
154
|
128
|
113
|
73
|
194
|
198
|
201
|
231
|
277
|
248
|
253
|
260
|
224
|
287
|
298
|
314
|
316
|
293
|
277
|
219
|
205
|
206
|
225
|
294
|
267
|
277
|
328
|
360
|
438
|
472
|
468
|
478
|
498
|
545
|
547
|
|
Depreciation & Amortization |
69
|
70
|
70
|
70
|
68
|
65
|
65
|
64
|
64
|
65
|
65
|
65
|
66
|
65
|
67
|
68
|
70
|
72
|
72
|
72
|
73
|
75
|
79
|
82
|
84
|
83
|
82
|
81
|
79
|
78
|
81
|
81
|
82
|
82
|
80
|
78
|
80
|
82
|
84
|
87
|
87
|
|
Change in Deffered Taxes |
8
|
(2)
|
3
|
18
|
(3)
|
12
|
(46)
|
(56)
|
(43)
|
(58)
|
(11)
|
(10)
|
(5)
|
5
|
6
|
4
|
11
|
3
|
5
|
2
|
(5)
|
(1)
|
1
|
13
|
8
|
(0)
|
(1)
|
(3)
|
(15)
|
(13)
|
(21)
|
(29)
|
(31)
|
(29)
|
(35)
|
(48)
|
(37)
|
(23)
|
(11)
|
(21)
|
(21)
|
|
Stock-Based Compensation |
10
|
9
|
8
|
8
|
8
|
8
|
8
|
8
|
8
|
9
|
10
|
10
|
11
|
12
|
13
|
13
|
14
|
16
|
16
|
19
|
18
|
17
|
18
|
17
|
16
|
16
|
16
|
15
|
18
|
20
|
22
|
24
|
29
|
27
|
27
|
25
|
26
|
26
|
26
|
26
|
29
|
|
Other Non-Cash Items |
2
|
19
|
32
|
30
|
12
|
(9)
|
115
|
124
|
127
|
186
|
43
|
32
|
50
|
12
|
(40)
|
(3)
|
(7)
|
(8)
|
43
|
2
|
6
|
4
|
(6)
|
3
|
(2)
|
27
|
35
|
27
|
43
|
14
|
94
|
132
|
129
|
143
|
81
|
45
|
43
|
39
|
20
|
(23)
|
(13)
|
|
Cash Taxes Paid |
0
|
0
|
0
|
119
|
0
|
0
|
0
|
42
|
0
|
0
|
0
|
79
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
181
|
0
|
|
Cash Interest Paid |
0
|
0
|
0
|
10
|
0
|
0
|
0
|
22
|
0
|
0
|
0
|
19
|
0
|
0
|
0
|
24
|
0
|
0
|
0
|
25
|
0
|
0
|
0
|
26
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
29
|
0
|
|
Change in Working Capital |
9
|
(5)
|
(8)
|
30
|
97
|
85
|
81
|
51
|
23
|
40
|
25
|
18
|
43
|
17
|
(2)
|
19
|
(24)
|
(21)
|
(25)
|
(34)
|
(61)
|
(35)
|
(11)
|
13
|
33
|
48
|
18
|
41
|
44
|
(2)
|
(29)
|
(96)
|
(145)
|
(195)
|
(182)
|
(164)
|
(89)
|
(10)
|
67
|
79
|
77
|
|
Cash from Operating Activities |
373
N/A
|
370
-1%
|
365
-1%
|
402
+10%
|
441
+10%
|
413
-6%
|
369
-11%
|
311
-16%
|
283
-9%
|
306
+8%
|
316
+3%
|
303
-4%
|
355
+17%
|
330
-7%
|
309
-6%
|
335
+8%
|
302
-10%
|
307
+1%
|
319
+4%
|
329
+3%
|
311
-5%
|
358
+15%
|
380
+6%
|
403
+6%
|
399
-1%
|
377
-6%
|
338
-10%
|
351
+4%
|
375
+7%
|
371
-1%
|
391
+5%
|
365
-7%
|
363
-1%
|
361
0%
|
382
+6%
|
383
+0%
|
464
+21%
|
565
+22%
|
658
+16%
|
668
+1%
|
677
+1%
|
|
Investing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Capital Expenditures |
(75)
|
(85)
|
(72)
|
(73)
|
(71)
|
(62)
|
(58)
|
(51)
|
(47)
|
(46)
|
(50)
|
(50)
|
(53)
|
(53)
|
(50)
|
(62)
|
(64)
|
(65)
|
(71)
|
(71)
|
(73)
|
(76)
|
(76)
|
(70)
|
(65)
|
(58)
|
(53)
|
(59)
|
(57)
|
(62)
|
(69)
|
(63)
|
(71)
|
(69)
|
(68)
|
(72)
|
(72)
|
(78)
|
(86)
|
(91)
|
(98)
|
|
Other Items |
(52)
|
(40)
|
(28)
|
(6)
|
(4)
|
(8)
|
(55)
|
(35)
|
(38)
|
(109)
|
(74)
|
(110)
|
(142)
|
(103)
|
(250)
|
(210)
|
(131)
|
(100)
|
97
|
92
|
46
|
(52)
|
(130)
|
(123)
|
(119)
|
(20)
|
9
|
10
|
11
|
(71)
|
(145)
|
(143)
|
(171)
|
(89)
|
(15)
|
(433)
|
(409)
|
(448)
|
(448)
|
16
|
14
|
|
Cash from Investing Activities |
(128)
N/A
|
(125)
+2%
|
(100)
+20%
|
(79)
+21%
|
(74)
+6%
|
(70)
+6%
|
(113)
-60%
|
(85)
+24%
|
(85)
+1%
|
(156)
-84%
|
(124)
+21%
|
(160)
-29%
|
(195)
-22%
|
(156)
+20%
|
(299)
-92%
|
(272)
+9%
|
(195)
+28%
|
(165)
+16%
|
26
N/A
|
21
-20%
|
(27)
N/A
|
(128)
-372%
|
(206)
-61%
|
(193)
+7%
|
(185)
+4%
|
(78)
+58%
|
(44)
+43%
|
(49)
-11%
|
(46)
+6%
|
(133)
-186%
|
(214)
-61%
|
(205)
+4%
|
(243)
-18%
|
(158)
+35%
|
(83)
+47%
|
(505)
-508%
|
(481)
+5%
|
(526)
-9%
|
(534)
-1%
|
(75)
+86%
|
(85)
-13%
|
|
Financing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Issuance of Common Stock |
(193)
|
(206)
|
(294)
|
(298)
|
(351)
|
(337)
|
(348)
|
(394)
|
(393)
|
(436)
|
(379)
|
(317)
|
(211)
|
(114)
|
(48)
|
(27)
|
(45)
|
(80)
|
(135)
|
(197)
|
(259)
|
(309)
|
(296)
|
(278)
|
(312)
|
(229)
|
(168)
|
(96)
|
(13)
|
(33)
|
(87)
|
(145)
|
(223)
|
(226)
|
(203)
|
(175)
|
(101)
|
(120)
|
(138)
|
(176)
|
(233)
|
|
Net Issuance of Debt |
(8)
|
(9)
|
72
|
53
|
163
|
208
|
297
|
317
|
237
|
332
|
186
|
351
|
330
|
192
|
167
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
29
|
2
|
24
|
122
|
9
|
(11)
|
(32)
|
(128)
|
(46)
|
34
|
46
|
141
|
117
|
29
|
440
|
299
|
289
|
342
|
(88)
|
(42)
|
|
Cash Paid for Dividends |
(68)
|
(70)
|
(72)
|
(73)
|
(77)
|
(80)
|
(84)
|
(87)
|
(87)
|
(87)
|
(87)
|
(87)
|
(88)
|
(89)
|
(90)
|
(93)
|
(95)
|
(98)
|
(100)
|
(102)
|
(107)
|
(111)
|
(115)
|
(118)
|
(118)
|
(118)
|
(118)
|
(118)
|
(118)
|
(120)
|
(121)
|
(122)
|
(124)
|
(126)
|
(129)
|
(131)
|
(135)
|
(139)
|
(144)
|
(148)
|
(152)
|
|
Other |
(0)
|
2
|
1
|
4
|
5
|
(3)
|
(4)
|
(6)
|
(10)
|
(16)
|
(18)
|
(10)
|
(6)
|
(8)
|
(7)
|
(16)
|
(16)
|
(0)
|
(2)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
|
Cash from Financing Activities |
(269)
N/A
|
(283)
-5%
|
(292)
-3%
|
(314)
-8%
|
(260)
+17%
|
(213)
+18%
|
(139)
+35%
|
(170)
-22%
|
(254)
-49%
|
(208)
+18%
|
(298)
-43%
|
(63)
+79%
|
25
N/A
|
(19)
N/A
|
23
N/A
|
(135)
N/A
|
(156)
-15%
|
(178)
-14%
|
(238)
-34%
|
(302)
-27%
|
(369)
-22%
|
(394)
-7%
|
(408)
-4%
|
(372)
+9%
|
(308)
+17%
|
(338)
-10%
|
(297)
+12%
|
(246)
+17%
|
(260)
-6%
|
(199)
+23%
|
(175)
+12%
|
(222)
-27%
|
(207)
+7%
|
(235)
-14%
|
(303)
-29%
|
134
N/A
|
63
-53%
|
29
-54%
|
60
+104%
|
(412)
N/A
|
(426)
-3%
|
|
Change in Cash | ||||||||||||||||||||||||||||||||||||||||||
Effect of Foreign Exchange Rates |
(19)
|
(14)
|
(23)
|
(30)
|
(22)
|
(21)
|
(33)
|
(30)
|
(13)
|
(19)
|
(1)
|
(6)
|
(5)
|
4
|
11
|
20
|
16
|
(3)
|
(9)
|
(16)
|
(17)
|
(3)
|
(7)
|
2
|
(10)
|
(8)
|
(1)
|
2
|
10
|
10
|
6
|
(2)
|
(1)
|
(6)
|
(15)
|
(8)
|
(2)
|
(0)
|
18
|
16
|
10
|
|
Net Change in Cash |
(43)
N/A
|
(52)
-21%
|
(51)
+3%
|
(22)
+58%
|
84
N/A
|
109
+30%
|
85
-22%
|
26
-70%
|
(68)
N/A
|
(76)
-11%
|
(107)
-42%
|
75
N/A
|
180
+140%
|
159
-12%
|
43
-73%
|
(53)
N/A
|
(32)
+38%
|
(39)
-19%
|
99
N/A
|
32
-67%
|
(102)
N/A
|
(167)
-64%
|
(242)
-44%
|
(159)
+34%
|
(104)
+35%
|
(47)
+55%
|
(4)
+91%
|
58
N/A
|
79
+36%
|
48
-39%
|
8
-83%
|
(64)
N/A
|
(88)
-36%
|
(38)
+57%
|
(19)
+49%
|
4
N/A
|
45
+960%
|
68
+52%
|
201
+197%
|
197
-2%
|
176
-10%
|
|
Free Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Free Cash Flow |
297
N/A
|
286
-4%
|
293
+3%
|
329
+12%
|
370
+13%
|
351
-5%
|
311
-11%
|
260
-16%
|
236
-9%
|
260
+10%
|
266
+2%
|
254
-5%
|
302
+19%
|
277
-8%
|
259
-6%
|
273
+5%
|
238
-13%
|
242
+2%
|
248
+3%
|
258
+4%
|
239
-8%
|
281
+18%
|
304
+8%
|
334
+10%
|
334
+0%
|
319
-5%
|
285
-11%
|
292
+3%
|
317
+9%
|
309
-3%
|
322
+4%
|
303
-6%
|
292
-4%
|
292
+0%
|
313
+7%
|
312
-1%
|
392
+26%
|
487
+24%
|
572
+17%
|
577
+1%
|
578
+0%
|