2023 INVESTOR DAY
Cash Flow, Free Cash Flow and Free Cash Flow to Net Earnings Conversion Ratio
($ in millions)
Total Cash Flows:
Total cash provided by operating activities (GAAP)
Total cash used in investing activities (GAAP)
Total cash used in financing activities (GAAP)
Free Cash Flow:
Total cash provided by operating activities (GAAP)
Six-Month Period Ended
Year Ended
December 31,
June 30, 2023
July 1, 2022
2022
December 31,
2021
December 31,
2020
457
$
276
$
870
896 $
1.001
(19) $
(34) $
(89)
(97) $
(157)
(438) $
(242)
(781) $
(799) $
(844)
457
276 $
870 $
896 $
1.001
Less: payments for additions to property, plant & equipment (capital expenditures)
(GAAP)
Plus: proceeds from sales of property, plant & equipment (capital disposals) (GAAP)
Free cash flow (non-GAAP)
(21)
2
(20)
(34)
(54)
(36)
5
438 $
256 S
836 $
842 S
965
Operating Cash Flow to Net Earnings Ratio (GAAP):
Total cash provided by operating activities (GAAP)
Net earnings (GAAP)
Operating cash flow to net earnings conversion ratio
457 $
276 $
870 $
896 S
1.001
$
434 $
411 S
845
$
861
S
724
1.05
0.67
1.03
1.04
1.38
Free Cash Flow to Net Earnings Ratio (non-GAAP):
Free cash flow from above (non-GAAP)
Net earnings (GAAP)
Free cash flow to net earnings conversion ratio (non-GAAP)
438 $
256 S
836
842
965
434
1.01
411 S
845
861 $
724
0.62
0.99
0.98
1.33
The Company defines free cash flow as operating cash flows from continuing operations, less payments for additions to property, plant and equipment ("capital expenditures") plus the
proceeds from sales of plant, property and equipment ("capital disposals").
Veralto
2023 INVESTOR DAY | 78View entire presentation