Cash flows from operating activities: |
Net earnings |
Adjustments to reconcile net earnings to net cash provided by operating activities: |
Equity income from affiliates |
-7.3M |
Depreciation, amortization, and impairment losses |
Gain on disposal of property, plant, and equipment |
Stock-based compensation expense |
7.72M |
(Increase) decrease in deferred income taxes |
Changes in operating assets and liabilities, net of effect of acquisitions: |
Receivables, net |
-23.7M |
Inventories, net |
3.43M |
Prepaid expenses and other assets |
-2.11M |
Accounts payable, accrued liabilities, deferred revenue, and other long-term liabilities |
63.98M |
Net cash provided by operating activities |
Cash flows from investing activities: |
Purchases of property, plant, and equipment |
-34.6M |
Proceeds from asset disposals |
232K |
Distributions from (investments in) finance affiliate, net |
3.59M |
(Increase) decrease in other assets |
Acquisitions, net of cash acquired |
0 |
Net cash used for investing activities |
Cash flows from financing activities: |
Decrease in short-term debt |
Repayments of long-term debt, net of costs |
Excess tax benefits from stock-based awards |
15.08M |
Proceeds from exercise of stock options |
19.69M |
Purchases of Toro common stock |
-69.19M |
Dividends paid on Toro common stock |
-49.49M |
Net cash used for financing activities |
Effect of exchange rates changes on cash |
Net decrease in cash and cash equivalents |
150.97M |
Cash and cash equivalents as of the beginning of the fiscal period |
126.28M |
Cash and cash equivalents as of the end of the fiscal period |
277.24M |
Long-term debt issued in connection with acquisitions |
0 |