| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||
Net income | ||||||||||||
- | - | - | 186,600 | 351,600 | 186,800 | 490,900 | 125,400 | -129,500 | 804,300 | 629,000 | 795,000 | 742,100 |
Less: Loss from discontinued operations | ||||||||||||
- | - | - | 4,200 | 39,400 | -3,900 | 800 | 15,900 | 447,000 | 934,700 | 740,000 | 27,000 | 109,100 |
Less: Income (loss) attributable to noncontrolling interests | ||||||||||||
- | - | - | 500 | -200 | 2,300 | 2,400 | 0 | 0 | - | - | - | - |
Income from continuing operations attributable to ITT Inc. | ||||||||||||
323,400 | 332,400 | 115,000 | 181,900 | 312,400 | 188,400 | 487,700 | 109,500 | -576,500 | -130,400 | -111,000 | 768,000 | 633,000 |
Adjustments to income from continuing operations: | ||||||||||||
Depreciation, Depletion and Amortization | ||||||||||||
113,400 | 109,400 | 105,300 | 102,000 | 90,000 | 88,300 | 86,900 | 71,100 | 71,300 | 64,200 | 65,000 | 274,000 | 185,400 |
Equity-based compensation | ||||||||||||
15,700 | 21,600 | 18,100 | 12,600 | 15,700 | 14,000 | 13,100 | 12,400 | 11,500 | 13,700 | 18,000 | 30,000 | 34,600 |
Gain (Loss) on Disposition of Property Plant Equipment | ||||||||||||
-1,000 | 40,700 | 900 | 900 | - | - | - | - | - | - | - | - | - |
Restructuring and asset impairment charges, net | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 43,000 | 77,000 | 66,100 |
Asbestos-related (benefit) costs, net | ||||||||||||
-20,200 | 4,900 | -19,900 | -25,600 | -91,400 | 3,900 | 32,800 | 50,900 | 100,400 | 384,800 | 238,000 | 14,000 | 13,800 |
Transformation costs | ||||||||||||
- | - | - | - | - | - | - | - | 396,100 | - | 0 | - | - |
Deferred Income Tax Expense (Benefit) | ||||||||||||
30,900 | -14,700 | 147,000 | 20,900 | 25,600 | -200 | -364,000 | 34,100 | 302,400 | -110,400 | -122,000 | -12,000 | - |
Other non-cash charges, net | ||||||||||||
-38,800 | -13,800 | -20,800 | - | - | - | - | - | - | - | - | - | - |
Restructuring payments | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 30,000 | -54,000 | -51,500 |
Asbestos-related payments, net | ||||||||||||
21,600 | 40,800 | 45,300 | 31,500 | 24,600 | 3,900 | 25,400 | 20,100 | 22,000 | - | 7,000 | - | - |
Transformation-related payments | ||||||||||||
- | - | - | - | - | - | - | - | 355,000 | - | 0 | - | - |
Payment for Pension Benefits | ||||||||||||
22,900 | 11,200 | 45,000 | 19,000 | 18,600 | 12,600 | 11,900 | 71,000 | 30,800 | -13,700 | 7,000 | 24,000 | -83,100 |
Changes in assets and liabilities: | ||||||||||||
Change in receivables | ||||||||||||
40,600 | 2,700 | 59,300 | -22,500 | 72,000 | 45,100 | 60,700 | 17,700 | 71,000 | 1,900 | -5,000 | 108,000 | -236,700 |
Change in inventories | ||||||||||||
600 | 13,300 | -14,200 | 7,200 | -31,500 | 3,100 | 10,700 | 8,700 | 37,000 | -39,300 | 7,000 | -70,000 | 111,800 |
Change in contract assets | ||||||||||||
-2,700 | -19,100 | 0 | - | - | - | - | - | - | - | - | - | - |
Change in contract liabilities | ||||||||||||
-5,100 | 100 | 0 | - | - | - | - | - | - | - | - | - | - |
Change in accounts payable | ||||||||||||
-1,900 | -4,200 | 16,800 | 700 | 11,000 | -5,800 | 4,500 | -4,300 | 3,300 | 82,600 | -18,000 | -50,000 | 153,000 |
Change in accrued expenses | ||||||||||||
-14,700 | 5,700 | 17,200 | -27,400 | -45,800 | -5,200 | 35,600 | -44,400 | 34,800 | -56,600 | 30,000 | 109,000 | -15,800 |
Change in income taxes | ||||||||||||
-9,600 | 14,400 | -14,800 | -5,700 | -7,400 | -10,400 | 28,600 | 84,100 | -97,500 | -255,800 | 95,000 | 5,000 | -34,100 |
Change in other assets | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 5,000 | -9,100 |
Change in other liabilities | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | -7,000 | 19,600 |
Other, net | ||||||||||||
31,000 | 22,000 | 22,000 | -17,400 | -3,300 | -36,400 | -10,100 | -51,200 | 52,400 | -15,200 | -69,000 | 4,000 | 11,100 |
Net Cash – Operating activities | ||||||||||||
357,700 | 371,800 | 247,200 | 240,700 | 229,700 | 244,700 | 226,600 | 247,100 | -322,400 | -74,200 | 261,000 | 1,107,000 | 798,100 |
Investing Activities | ||||||||||||
Payments to Acquire Productive Assets | ||||||||||||
91,400 | 95,500 | 113,300 | 111,400 | 86,700 | 118,800 | 122,900 | 83,800 | 102,300 | 126,300 | 92,000 | 248,000 | 239,300 |
Proceeds from sale of long-lived assets | ||||||||||||
900 | 43,200 | 3,800 | 3,000 | 9,500 | 3,700 | 2,300 | 39,500 | 10,400 | 1,200 | 6,000 | 22,000 | 283,600 |
Acquisitions, net of cash acquired | ||||||||||||
113,100 | 0 | 113,700 | 8,800 | 351,000 | 2,800 | -700 | 193,200 | 15,600 | 9,500 | 0 | 276,000 | 2,009,200 |
Purchases of investments | ||||||||||||
- | - | - | 60,600 | 140,100 | 165,400 | 240,200 | 38,200 | 0 | - | - | - | - |
Maturities of investments | ||||||||||||
- | - | - | 123,500 | 78,500 | 269,000 | 168,200 | 0 | 0 | - | - | - | - |
Proceeds from insurance recovery | ||||||||||||
- | - | - | - | 4,200 | 0 | 0 | - | - | - | - | - | - |
Other, net | ||||||||||||
-200 | 0 | 0 | 100 | -100 | 200 | -3,100 | -1,000 | -1,000 | 400 | 0 | 0 | -6,800 |
Net Cash – Investing activities | ||||||||||||
-203,400 | -52,300 | -223,200 | -54,400 | -485,500 | -14,500 | -188,800 | -274,700 | -106,500 | -135,000 | -86,000 | -502,000 | -1,958,100 |
Financing Activities | ||||||||||||
Short-term revolving loans, borrowings | ||||||||||||
0 | 246,500 | 77,300 | 27,700 | 200,000 | 0 | 0 | - | - | - | - | - | - |
Short-term revolving loans, repayments | ||||||||||||
0 | 233,800 | 177,300 | 78,300 | 50,000 | 0 | 0 | - | - | - | - | - | - |
Commercial paper, net repayments | ||||||||||||
-27,200 | -44,500 | 48,900 | 19,000 | 94,500 | -38,000 | 25,400 | -24,800 | 3,500 | -56,000 | -1,607,000 | -1,229,000 | 2,311,900 |
Long-term debt, issued | ||||||||||||
8,100 | 3,200 | 7,000 | 0 | 0 | - | - | 1,300 | 0 | 100 | 992,000 | 1,000 | 500 |
Long-term debt, repayments | ||||||||||||
3,200 | 2,700 | 1,300 | 1,100 | 3,600 | 1,700 | 6,400 | 1,000 | 1,318,700 | 78,800 | 29,000 | 23,000 | 15,200 |
Repurchase of common stock | ||||||||||||
41,400 | 56,100 | 32,900 | 77,800 | 84,000 | 60,200 | 87,900 | 116,800 | 6,600 | 6,000 | - | 75,000 | 299,000 |
Proceeds from issuance of common stock | ||||||||||||
14,900 | 5,800 | 11,200 | 12,300 | 6,200 | 15,100 | 34,800 | 58,000 | 60,000 | 35,500 | 15,000 | 34,000 | 65,400 |
Dividends paid | ||||||||||||
52,100 | 47,300 | 45,400 | 44,600 | 42,800 | 40,700 | 36,400 | 34,200 | 193,000 | 176,400 | 148,000 | 121,000 | 96,600 |
Excess tax benefit from equity compensation activity | ||||||||||||
- | - | - | 3,200 | 3,400 | 10,400 | 8,700 | 6,400 | 7,200 | 6,000 | 3,000 | - | 15,000 |
Contributions from Exelis and Xylem, net | ||||||||||||
- | - | - | - | - | - | - | - | 1,671,000 | - | 0 | - | - |
Distributions of Exelis and Xylem, net | ||||||||||||
- | - | - | - | - | - | - | - | 699,900 | 525,700 | - | - | - |
Other, net | ||||||||||||
-600 | 100 | 0 | 900 | -3,300 | -1,500 | 3,500 | 3,100 | -1,000 | - | - | 6,000 | -900 |
Net Cash – Financing activities | ||||||||||||
-101,500 | -128,800 | -112,500 | -141,900 | 120,400 | -116,600 | -58,300 | -108,000 | 922,300 | 248,100 | -497,000 | -1,407,000 | 1,981,100 |
Exchange rate effects on cash and cash equivalents | ||||||||||||
-3,000 | -15,300 | 20,000 | -11,400 | -31,600 | -31,200 | -400 | -4,000 | -9,400 | -22,100 | 34,000 | -74,000 | 103,000 |
Discontinued operations: | ||||||||||||
Net Cash – Operating activities of discontinued operations | ||||||||||||
900 | -4,200 | -2,400 | - | - | - | - | -3,200 | 561,200 | 1,284,400 | 1,011,000 | - | -16,200 |
Investing activities | ||||||||||||
- | - | - | - | - | - | - | -100 | -467,300 | -984,700 | -202,000 | - | -4,000 |
Financing activities | ||||||||||||
- | - | - | - | - | - | - | -2,400 | -527,100 | -503,800 | -543,000 | - | -1,000 |
Exchange rate effects on cash and cash equivalents | ||||||||||||
- | - | - | - | - | - | - | - | 6,700 | 4,000 | 6,000 | - | - |
Net Cash – Operating activities of discontinued operations | ||||||||||||
- | - | - | 12,000 | -1,300 | -5,700 | -16,300 | -5,700 | -426,500 | -200,100 | 272,000 | 1,000 | - |
Net change in cash and cash equivalents | ||||||||||||
50,700 | 171,200 | -70,900 | 45,000 | -168,300 | 76,700 | -37,200 | -145,300 | 57,500 | -183,300 | -16,000 | -875,000 | 902,900 |
Less: Cash and cash equivalents distributed to Exelis and Xylem | ||||||||||||
- | - | - | - | - | - | - | - | 400,000 | - | 277,000 | - | - |
Supplemental Disclosures of Cash Flow Information | ||||||||||||
Interest | ||||||||||||
2,500 | 3,300 | 3,800 | 4,500 | 4,300 | 1,100 | 900 | 2,300 | 80,200 | 91,700 | 90,000 | 136,000 | 96,000 |
Income taxes, net of refunds received | ||||||||||||
63,400 | 53,500 | 62,000 | 56,100 | 48,500 | 70,000 | 21,900 | -100,900 | 140,000 | 342,600 | 172,000 | 280,000 | 313,600 |