2025 Oshkosh Corporation Annual Report

OSHKOSH CORPORATION CONSOLIDATED BALANCE SHEETS (Dollars in millions, except share and per share amounts)

December 31,

2025

2024

Assets Current assets: Cash and cash equivalents

$

479.8 $

204.9

Receivables, net

1,456.1

1,254.7

Unbilled receivables, net

702.7

636.5

Inventories

2,375.0

2,265.7

Income taxes receivable Other current assets

52.4

51.2

102.5

114.5

Total current assets

5,168.5 1,271.2 1,448.1

4,527.5 1,216.5 1,410.1

Property, plant and equipment, net

Goodwill

Purchased intangible assets, net

734.8 201.0 825.5 423.3

777.6 259.0 842.6 389.8

Deferred income taxes Deferred contract costs Other non-current assets

Total assets

$ 10,072.4 $

9,423.1

Liabilities and Shareholders’ Equity Current liabilities: Revolving credit facilities and current maturities of long-term debt

$

0.6 $

362.3

Accounts payable Customer advances

1,074.2

1,143.4

737.1 218.4 141.3 492.8

648.8 246.2 140.1 446.5

Payroll-related obligations Income taxes payable Other current liabilities Total current liabilities

2,664.4 1,100.3 1,222.7

2,987.3

Long-term debt, less current maturities Non-current customer advances

599.5

1,154.4

Deferred income taxes Other non-current liabilities

25.7

26.9

528.8

502.9

Commitments and contingencies Shareholders’ equity: Preferred Stock ($0.01 par value; 2,000,000 shares authorized; none issued and outstanding)

Common Stock ($0.01 par value; 300,000,000 shares authorized; 75,101,465 shares issued)

0.7

0.7

Additional paid-in capital

866.3

847.8

Retained earnings

4,883.8

4,367.2

Accumulated other comprehensive income (loss)

6.4

(103.2) (960.4)

Common Stock in treasury, at cost (12,511,995 and 10,499,458 shares, respectively)

(1,226.7)

Total shareholders’ equity

4,530.5

4,152.1 9,423.1

Total liabilities and shareholders’ equity

$ 10,072.4 $

The accompanying notes are an integral part of these financial statements.

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