The Middleby Corporation
The Middleby Corporation designs, manufactures, markets, distributes, and services a range of foodservice, food processing, and residential kitchen equipment in the United States, Canada, Asia, Europe, the Middle East, and Latin America. Its Commercial F…
Industrial - Machinery
US, Elgin [HQ]
Cash Flow Statements
15 Sheets · Starting from 2023In Million USD. Margins, Growth Rates In %
| Metric | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||
| Operating Cash Flow (OCF) | 100.00 | 97.00 | 130.00 | 128.00 | 146.00 | 233.00 | 249.00 | 294.00 | 304.00 | 368.00 | 377.00 | 524.00 | 423.00 | 332.00 | 628.00 | |
| Operating Cash (Net) | 100.00 | 97.00 | 130.00 | 128.00 | 146.00 | 233.00 | 249.00 | 294.00 | 304.00 | 368.00 | 377.00 | 524.00 | 423.00 | 332.00 | 628.00 | |
| Accounts Receivable | 23.00 | -28.00 | -18.00 | -3.00 | -17.00 | -20.00 | 17.00 | -33.00 | 26.00 | -25.00 | -27.00 | 90.00 | -99.00 | -28.00 | -4.00 | |
| Accounts Payable | -4.00 | 10.00 | -2.00 | 2.00 | -9.00 | -7.00 | -18.00 | -7.00 | -21.00 | 13.00 | -29.00 | -3.00 | 61.00 | -47.00 | -49.00 | |
|
Working Capital
|
- - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | |
| Change | 1.00 | -8.00 | -8.00 | -31.00 | -59.00 | -32.00 | -13.00 | -97.00 | -104.00 | -74.00 | -79.00 | 174.00 | -195.00 | -238.00 | -23.00 | |
| Other WC | -33.00 | 15.00 | 15.00 | -10.00 | -13.00 | -2.00 | -20.00 | -33.00 | -99.00 | -34.00 | 5.00 | 20.00 | 47.00 | 33.00 | -127.00 | |
| Investing Activities | ||||||||||||||||
| Used Cash (Net) | -139.00 | -28.00 | -188.00 | -69.00 | -474.00 | -233.00 | -370.00 | -235.00 | -345.00 | -1,239.00 | -327.00 | -106.00 | -1,008.00 | -348.00 | -155.00 | |
| Capital Expenditure | -5.00 | -3.00 | -7.00 | -7.00 | -19.00 | -13.00 | -22.00 | -24.00 | -54.00 | -41.00 | -46.00 | -41.00 | -51.00 | -69.00 | -86.00 | |
| Purchases of Investments | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | |
| Sale/Maturity of Investment | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | |
| Property, Plant, Equipment (P&PE) | -5.00 | -3.00 | -7.00 | -7.00 | -19.00 | -13.00 | -22.00 | -24.00 | -54.00 | -41.00 | -46.00 | -41.00 | -51.00 | -69.00 | -86.00 | |
| Acquisitions (Net) | -133.00 | -25.00 | -181.00 | -62.00 | -461.00 | -219.00 | -348.00 | -210.00 | -305.00 | -1,197.00 | -281.00 | -79.00 | -963.00 | -278.00 | -68.00 | |
| Other Investing Activities | - - | - - | - - | -62.00 | 7.00 | - - | - - | - - | 14.00 | -5.00 | - - | 14.00 | 6.00 | -2.00 | -1.00 | |
| Financing Activities | ||||||||||||||||
| Used Cash (Net) | -39.00 | -69.00 | -91.00 | -64.00 | -330.00 | -8.00 | -136.00 | -41.00 | -55.00 | -856.00 | -25.00 | -252.00 | -502.00 | -7.00 | -390.00 | |
| Debt Repayment | - - | -61.00 | - - | -314.00 | - - | - - | -6.00 | -29.00 | -1.00 | -753.00 | -560.00 | -3,345.00 | -1,137.00 | -1,579.00 | -308.00 | |
| Dividends Paid | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | |
|
Common Stock
|
- - | 9 | 15 | 23 | 8 | 44 | 4 | 4 | 239 | - - | 6 | 85 | 29 | 264 | 74 | |
| Issued | - - | - - | - - | 2.00 | 3.00 | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | |
| Repurchased | - - | -9.00 | -15.00 | -20.00 | -4.00 | -44.00 | -4.00 | -4.00 | -239.00 | - - | -6.00 | -85.00 | -29.00 | -264.00 | -74.00 | |
| Other Financing Activities | 39.00 | - - | 109.00 | 523.00 | 331.00 | 53.00 | 147.00 | -7.00 | 296.00 | 1,609.00 | 541.00 | 3,179.00 | 1,669.00 | 1,852.00 | -7.00 | |
| Cash Balances | ||||||||||||||||
| Begin of Period | 6.00 | 8.00 | 7.00 | 40.00 | 34.00 | 36.00 | 43.00 | 55.00 | 68.00 | 89.00 | 71.00 | 94.00 | 268.00 | 180.00 | 162.00 | |
| End of Period | 8.00 | 7.00 | 40.00 | 34.00 | 36.00 | 43.00 | 55.00 | 68.00 | 89.00 | 71.00 | 94.00 | 268.00 | 180.00 | -8.00 | 247.00 | |
| Change | 2.00 | - - | 32.00 | -5.00 | 2.00 | 7.00 | 11.00 | 12.00 | 21.00 | -17.00 | 22.00 | 173.00 | -87.00 | -188.00 | 85.00 | |
| Non-Cash Balances | ||||||||||||||||
| Depreciation and Amortization | 15.00 | 17.00 | 19.00 | 26.00 | 43.00 | 41.00 | 54.00 | 58.00 | 69.00 | 97.00 | 103.00 | 110.00 | 125.00 | 138.00 | 125.00 | |
| Stock Based Compensation | 10.00 | 14.00 | 18.00 | 11.00 | 11.00 | 16.00 | 15.00 | 27.00 | 6.00 | - - | 8.00 | 19.00 | 42.00 | 58.00 | 51.00 | |
| Other | - - | - - | - - | - - | - - | 7.00 | 115.00 | 199.00 | 49.00 | 6.00 | -28.00 | -3.00 | -43.00 | -54.00 | 77.00 | |
| Highlighted metrics | ||||||||||||||||
| Free Cash Flow (FCF) | 95.00 | 94.00 | 122.00 | 120.00 | 126.00 | 220.00 | 227.00 | 269.00 | 249.00 | 327.00 | 330.00 | 482.00 | 371.00 | 263.00 | 541.00 | |
| Cash Conversion Cycle (CCC) | 92.00 | 102.00 | 108.00 | 105.00 | 103.00 | 108.00 | 120.00 | 111.00 | 122.00 | 124.00 | 136.00 | 132.00 | 159.00 | 170.00 | 165.00 | |
| Invested Capital | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | |
|
Other Operating Inflows/Outflows
|
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| Forex Effect on Cash | 1.00 | - - | - - | - - | - - | -2.00 | -3.00 | -4.00 | 6.00 | -3.00 | -1.00 | 8.00 | -5.00 | -10.00 | 3.00 |