Adjustments for Non-Cash Items [USD, M]

Stock-Based Compensation [USD, M]

Changes in Working Capital [USD, M]

Capital Expenditures (CapEx) [USD, M]

Proceeds from / Repayments of Debt [USD, M]

Share Repurchases [USD, M]

Dividend Payments [USD, M]

Net Change in Cash [USD, M]

ad3f7be899b69657cb8dedace84bcf85db318be3c76afa68242139d5a77c75a1

a72bb293ee9eb8f4be52c3f197736fc7efbd111c67a269fe069e74ec0f1a9231

034a707109a2d42df94f4663fcbe01967dffa4ca8028b1c6555db65b53ea4ea9

dcb295f62859742e4afe997d6da9e221753f7e016bd6a0da4beb6f3d75e2863d

Total Revenue [USD, Millions]

Cost of Goods Sold (COGS) [USD, Millions]

SG&A [USD, Millions]

R&D [USD, Millions]

D&A [USD, Millions]

Interest Expense [USD, Millions]

Operating Income (EBIT) [USD, Millions]

Net Income [USD, Millions]

EPS - Basic [USD, Per Share]

EPS - Diluted [USD, Per Share]

3852c5c566fd10ce43134e25d5654e7173b88f9429e567c7905abc06372db842

Cash and cash equivalents (USD, millions)

Accounts and notes receivable, net (USD, millions)

Inventories (USD, millions)

Other current assets (USD, millions)

Total current assets (USD, millions)

Property, plant and equipment, net (USD, millions)

Goodwill (USD, millions)

Intangible assets, net (USD, millions)

Other noncurrent assets (USD, millions)

Total assets (USD, millions)

Accounts payable (USD, millions)

Accrued expenses and other current liabilities (USD, millions)

Short-term borrowings and current maturities of long-term debt (USD, millions)

Total current liabilities (USD, millions)

Long-term debt (USD, millions)

Other noncurrent liabilities (USD, millions)

Total equity (USD, millions)

Total liabilities and equity (USD, millions)

9bc519ae366000526a7fcf962d420dfcdd8b416b71697bc04844177507362541

The nearly doubled cash balance in Q2 2024 was driven primarily by **strong operating cash flow** and a significant **debt issuance**. Specifically, Allegion generated **$224.1 million** in cash from operating activities and issued **$400 million** in senior notes during the period. These inflows more than offset the cash used in investing activities, share repurchases, dividend payments, and the minor negative impact from exchange rate effects.  **[0001579241-24-000044_exhibit991-pressreleasedat.htm:4]** **[0001579241-24-000045_alle-20240630.htm:3]** **[0001579241-24-000044_exhibit991-pressreleasedat.htm:1]** **[ALLE_3394103_4]** 

What drove the nearly doubled cash balance in Q2 2024?

The exceptionally high cash balance in Q3 2024 was driven by a combination of **strong operating cash flows**, **proceeds from a $400 million senior notes issuance**, **net positive financing activities**, and **lower cash used in investing activities**. In Q3 2024, these factors led to an increase in cash and cash equivalents from **$468.1 million at the period's beginning to $878.9 million at the end**. Notably, the $400 million received from the senior notes issuance in May 2024 significantly boosted the cash reserves, especially because the subsequent repayment of a similar maturity was scheduled for after the quarter ended, temporarily bolstering the cash levels further.  **[0001579241-24-000049_alle-20240930.htm:3]** **[0001579241-24-000051_exhibit991-pressreleasedat.htm:1]** **[0001579241-24-000049_alle-20240930.htm:3]** 

Why is the cash balance exceptionally high in Q3 2024?

The jump in long-term debt in **Q2 2024** was primarily due to the issuance of **$400 million in new 5.600% Senior Notes due 2034** in **May 2024**. This issuance increased the total borrowings and was part of a strategy to manage the company's debt, as the proceeds were used to repay the **$400 million Senior Notes due 2024**.  **[0001579241-24-000045_alle-20240630.htm:25]** **[0001579241-24-000045_alle-20240630.htm:6]** **[0001579241-24-000044_exhibit991-pressreleasedat.htm:1]** 

What contributed to the jump in long-term debt in Q2 2024?

The documents indicate that **Other current assets** increased from **$41.5 million as of December 31, 2023** to **$74.8 million as of September 30, 2024**. However, they do not provide specific details or reasons for this sharp rise.  **[0001579241-24-000051_exhibit991-pressreleasedat.htm:4]** **[0001579241-24-000049_alle-20240930.htm:2]** 

Why did other current assets rise sharply in Q3 2024?

ff39eed066ec6f1d68cdd67e8ade954e1d0e89168637dc9cdf86d20fe7ea5a0c

Net earnings [USD, millions]

Depreciation and amortization [USD, millions]

Changes in assets and liabilities and other non-cash items [USD, millions]

Net cash provided by operating activities [USD, millions]

Capital expenditures [USD, millions]

Acquisition of businesses, net of cash acquired [USD, millions]

Other investing activities, net [USD, millions]

Net cash used in investing activities [USD, millions]

Debt repayments, net [USD, millions]

Dividends paid to ordinary shareholders [USD, millions]

Repurchase of ordinary shares [USD, millions]

Other financing activities, net [USD, millions]

Net cash provided by (used in) financing activities [USD, millions]

Effect of exchange rate changes on cash and cash equivalents [USD, millions]

Net increase (decrease) in cash and cash equivalents [USD, millions]

Cash and cash equivalents - beginning of period [USD, millions]

Cash and cash equivalents - end of period [USD, millions]

0e4d1519be8ab177b0caab5478b2adf5847d9c8744ca3887577e3d944f62e2d4

U.S. Revenue

Non-U.S. Revenue

Allegion Americas

Allegion International

- EMEA

- Asia Pacific

Total Revenue

7b2be98ac096b1af19fdaf86b3a8bbbe2c4c5de7a814bb5cfa3794ca79a10080

Net Revenues (USD, millions)

Cost of Goods Sold (USD, millions)

Selling and Administrative Expenses (USD, millions)

Operating Income (USD, millions)

Interest Expense (USD, millions)

Other (Income) Expense, Net (USD, millions)

Earnings Before Income Taxes (USD, millions)

Provision for Income Taxes (USD, millions)

Net Earnings (USD, millions)

390f58aa9700aba673d95c999972d8523bb4e1ec6a51884325a16c57bcfb0831

Allegion PLC (ALLE)

Financials