Company: ROK
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001024478-25-000083
Chunk: 96

Company: ROCKWELL AUTOMATION, INC
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 96
---
 restructuring charges (1)— (0.15)— (0.15)Adjusted EPS$2.82 $2.71 $7.11 $7.25 Effective tax rate14.3 %9.4 %15.8 %14.1 %Tax effect of non-operating pension and postretirement benefit credit0.3 %(0.2)%0.1 %(0.1)%Tax effect of purchase accounting depreciation and amortization attributable to Rockwell Automation0.6 %0.4 %0.6 %0.2 %Tax effect of change in fair value of investments— %0.3 %0.1 %— %Tax effect of restructuring charges (1)— %3.4 %— %0.9 %Adjusted Effective Tax Rate15.2 %13.3 %16.6 %15.1 %

(1) Restructuring charges in the three and nine months ended June 30, 2024, include $65 million for severance benefits and $5 million for strategic advisory services related to the enterprise-wide severance actions.

36

Financial Condition

The following is a summary of our cash flows from operating, investing, and financing activities, as reflected in the Consolidated Statement of Cash Flows (in millions):

 Nine Months EndedJune 30, 20252024Cash provided by (used for)Operating activities$1,090 $432 Investing activities(165)(920)Financing activities(904)(187)Effect of exchange rate changes on cash3 2 Increase (decrease) in cash and cash equivalents$24 $(673)

The following table summarizes free cash flow, which is a non-GAAP financial measure (in millions):

 Nine Months EndedJune 30, 20252024Cash provided by operating activities$1,090 $432 Capital expenditures(137)(160)Free cash flow$953 $272 

Our definition of free cash flow takes into consideration capital investments required to maintain the operations of our businesses and execute our strategy. Cash provided by operating activities adds back non-cash depreciation expense to earnings but does not reflect a charge for necessary capital expenditures. Our definition of free cash flow excludes the operating cash flows and capital expenditures related to our discontinued operations, if any. Operating, investing, and financing cash flows of our discontinued operations, if any, are presented separately in our Consolid