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PROJECTED CASH FLOW STATEMENT
($mm)
           
Projected Cash Flow FY2026E FY2027E FY2028E FY2029E FY2030E
CASH FROM OPERATIONS          
Net Income 702.9 809.2 904.2 1,012.2 1,108.3
  D&A 211.7 221.9 236.3 242.9 255.0
  Deferred Taxes 5.0 5.0 5.0 5.0 5.0
  Changes in Working Capital (18.0) (14.0) (6.1) (15.1) 6.8
Cash from Operations (CFO) 901.5 1,022.0 1,139.4 1,245.0 1,375.2
           
CASH FROM INVESTING          
  Capital Expenditures (248.7) (261.7) (272.6) (281.2) (288.6)
  Other Investing (5.0) (5.0) (5.0) (5.0) (5.0)
Cash from Investing (CFI) (253.7) (266.7) (277.6) (286.2) (293.6)
           
CASH FROM FINANCING          
  Debt Repayment (75.0) (75.0) (75.0) (75.0) (75.0)
  Dividends (30.0) (30.0) (30.0) (30.0) (30.0)
  Share Repurchases (15.0) (15.0) (15.0) (15.0) (15.0)
Cash from Financing (CFF) (120.0) (120.0) (120.0) (120.0) (120.0)
           
Net Change in Cash 527.8 635.3 741.7 838.8 961.6
Beginning Cash 350.0 877.8 1,513.1 2,254.9 3,093.7
Ending Cash 877.8 1,513.1 2,254.9 3,093.7 4,055.2