Gain on sale of facilities

[Table of Contents](#iee2f14225b9a4b108d08cd0fe2886fa0_7)AMETEK, Inc.Condensed Consolidated Statement of Cash Flows(In thousands)(Unaudited)

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three months ended March 31, |
|  | 2022 |  | 2021 |
| Cash provided by (used for): |  |  |  |
| Operating activities: |  |  |  |
| Net income | $ | 272,447  |  |  | $ | 219,233  |  |
| Adjustments to reconcile net income to total operating activities: |  |  |  |
| Depreciation and amortization | 78,121  |  |  | 64,617  |  |
| Deferred income taxes | (497) |  |  | 8,095  |  |
| Share-based compensation expense | 9,571  |  |  | 11,440  |  |
|  |  |  |  |
| Gain on sale of facilities | (7,054) |  |  | —  |  |
| Net change in assets and liabilities, net of acquisitions | (138,897) |  |  | (13,275) |  |
| Pension contributions | (2,137) |  |  | (2,038) |  |
| Other, net | (10,213) |  |  | (3,665) |  |
| Total operating activities | 201,341  |  |  | 284,407  |  |
| Investing activities: |  |  |  |
| Additions to property, plant and equipment | (26,389) |  |  | (17,537) |  |
| Purchases of businesses, net of cash acquired | —  |  |  | (263,948) |  |
|  |  |  |  |
| Proceeds from sale of facilities | 11,754  |  |  | —  |  |
| Other, net | (246) |  |  | (3,017) |  |
| Total investing activities | (14,881) |  |  | (284,502) |  |
| Financing activities: |  |  |  |
| Net change in short-term borrowings | 19,977  |  |  | (32,950) |  |
|  |  |  |  |
|  |  |  |  |
|  |  |  |  |
| Repurchases of common stock | (156,724) |  |  | (7,997) |  |
| Cash dividends paid | (50,778) |  |  | (46,033) |  |
| Proceeds from stock option exercises | 8,262  |  |  | 6,925  |  |
| Other, net | (8,180) |  |  | (3,951) |  |
| Total financing activities | (187,443) |  |  | (84,006) |  |
| Effect of exchange rate changes on cash and cash equivalents | (5,485) |  |  | (5,061) |  |
| Decrease in cash and cash equivalents | (6,468) |  |  | (89,162) |  |
| Cash and cash equivalents: |  |  |  |
| Beginning of period | 346,772  |  |  | 1,212,822  |  |
| End of period | $ | 340,304  |  |  | $ | 1,123,660  |  |

See accompanying notes.7
