Curtiss-Wright Corporation

NYSE-CW

Operating Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Net Income	222.4	229	176	216.7	137.8	182.8
Net Earnings
Depreciation & Amortization	62.1	53.5	54.2	58.2	58	58.4
Depreciation and Amortization
Share-Based Compensation Expense	10.5	9.4	9.5	7.9	8.9	7.8
Share-Based Compensation
Other Adjustments	-0.4	-1.2	-6.3	6.6	-6.5	-20.8
Gain on Sale of Businesses
Loss on Divestiture
Impairment of Assets Held for Sale
(Gain) on Sale/Disposal of Long-Lived Assets
Deferred Income Taxes
Foreign Exchange Loss on Substantial Liquidation of Subsidiary
Inventory Write-Downs
Non-Cash Restructuring Charges
Changes in Trade Receivables	-110.5	-2.9	-85.9	19.6	-22	-28.1
Receivables, Net
Changes in Inventories	-57.6	19.6	-54.1	34.5	-56.1	-3.9
Inventories, Net
Changes in Accounts Payable	-40.1	71.3	-55.3	56.2	-72	153.7
Accounts Payable and Accrued Expenses
Changes in Income Taxes Payable	—	—	—	—	—	—
Income Taxes
Changes in Unearned Revenue	35.7	107.7	36.6	26.3	21.6	27.8
Deferred Revenue
Changes in Other Operating Activities	-24.2	-7.9	-8.8	2.7	-50.3	10.4
Progress Payments
Pension and Postretirement Liabilities, Net
Termination of Interest Rate Swap
Other Liabilities
Other
Other Current and Long-Term Assets and Liabilities
Cash from Operating Activities	97.8	478.6	65.7	428.7	19.4	388
Net Cash Provided by Operating Activities

Investing Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Capital Expenditure	-35.2	-37.9	-23.1	-22	-22.7	-18.7
Additions to Property, Plant, and Equipment
Proceeds from Sale of Property, Plant & Equipment	0.3	3.1	0.1	8.7	0.5	3.5
Proceeds from Sales and Disposals of Long-Lived Assets
Purchases of Intangible Assets	—	—	—	—	—	—
Acquisition of Intangible Assets
Purchases of Investments	—	—	—	—	—	-10
Purchases of Investments
Proceeds from Sale of Investments	7.9	—	—	—	—	—
Proceeds from Sale of Equity Securities
Payments for Business Acquisitions	-9.6	-191.8	-33.8	—	—	-282.4
Acquisition of Business, Net of Cash Acquired
Additional Consideration Paid on Prior Year Acquisitions
Proceeds from Business Divestments	—	—	—	—	—	—
Proceeds from Divestitures
Other Investing Activities	—	—	—	—	—	—
Other
Cash from Investing Activities	-36.6	-226.6	-56.7	-13.3	-22.2	-307.6
Net Cash Provided by Investing Activities

Financing Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Issuance of Short-Term Debt	139	12.4	8.9	157	481.1	1,044.1
Borrowings Under Revolving Credit Facility
Repayments of Short-Term Debt	-139	-12.4	-8.9	-282	-356.1	-1,297.2
Payment of Revolving Credit Facility
Net Issuance / (Repayments) of Short-Term Debt	—	—	—	-125	125	-253.1
Issuance of Long-Term Debt	—	—	—	—	—	300
Borrowings of Debt
Repayments of Long-Term Debt	-90	—	—	—	-202.5	—
Principal Payments on Debt
Net Issuance / (Repayments) of Long-Term Debt	-90	—	—	—	-202.5	300
Issuance of Common Shares	6	5.9	5.5	5.4	5.2	4.7
Proceeds from Share-Based Compensation
Repurchases of Common Shares	-35.1	-225.2	-24.8	-25.8	-24.4	-25.2
Repurchases of Common Stock
Net Issuance / (Repurchases) of Common Shares	-29.1	-219.3	-19.3	-20.4	-19.1	-20.5
Common Share Dividends Paid	-7.9	-24	-7.7	-23	-7.3	-14.6
Dividends Paid
Other Financing Activities	-0.6	-0.6	-0.6	-0.6	-0.5	-0.5
Other
Excess Tax Benefits from Share-Based Compensation
Cash from Financing Activities	-127.6	-243.9	-27.6	-168.9	-104.5	11.3
Net Cash Provided by Financing Activities