DIEBOLD NIXDORF Inc

For the period ended Jun 30, 2024. Filed Aug 7, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 7, 2024

DBD$57.34-4.6%Stored close · as of Nov 10, 2026

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Contents

Condensed Statements of Cash Flows

Condensed Consolidated Statements of Cash Flows

	Successor	Predecessor
	Six months ended	Six months ended
	June 30, 2024	June 30, 2023
Cash flow from operating activities
Net income (loss)	$0.8	$(788.8)
Adjustments to reconcile net loss to cash flow used by operating activities:
Depreciation and amortization	15.2	24.8
Amortization of fair valued assets	48.3	35.7
Amortization of deferred financing costs into interest expense	0.8	21.8
Reorganization items (non-cash)	—	541.6
Reorganization items (debt make whole premium)	—	91.0
Share-based compensation	4.5	2.1
Debt prepayment costs	2.0	—
(Gain) loss on sale of assets, net	(2.4)	1.2
Impairment of assets	—	2.7
Deferred income taxes	7.9	(29.5)
Other	—	1.5
Changes in certain assets and liabilities:
Trade receivables	51.6	(30.4)
Inventories	(66.3)	(43.2)
Accounts payable	(24.8)	(118.1)
Deferred revenue	(6.5)	(50.1)
Sales tax and net value added tax	(35.1)	(28.5)
Income taxes	(14.2)	(7.7)
Accrued salaries, wages and commissions	0.2	21.3
Restructuring accrual	6.4	(29.9)
Warranty liability	3.7	(2.9)
Pension and post retirement benefits	(2.4)	0.5
Accrued interest	0.1	32.9
Certain other assets and liabilities	(21.3)	14.4
Net cash used by operating activities	(31.5)	(337.6)

Condensed Consolidated Statements of Cash Flows - (Continued)

	Successor	Predecessor
	Six months ended	Six months ended
	June 30, 2024	June 30, 2023
Cash flow from investing activities
Capital expenditures	(8.4)	(11.2)
Capitalized software development	(12.6)	(10.8)
Proceeds from maturities of investments	158.7	131.0
Payments for purchases of investments	(154.7)	(115.6)
Proceeds from sale of assets	1.2	—
Net cash used by investing activities	(15.8)	(6.6)
Cash flow from financing activities
Revolving credit facility borrowings, net	39.3	—
Repayment of ABL credit agreement, net	—	(188.3)
Debt issuance costs	(4.6)	(3.8)
Receipt of DIP financing	—	1,250.0
Borrowings - FILO	—	58.9
Repayments - FILO	—	(58.9)
Repayment of superpriority term loan	—	(400.6)
Repayment Exit facility	(200.0)	—
Other debt borrowings	0.3	2.1
Other debt repayments	(0.1)	(2.1)
Debt make whole premium	—	(91.0)
Debt prepayment costs	(2.0)	—
Other	(2.8)	(2.9)
Net cash (used), provided by financing activities	(169.9)	563.4
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(15.0)	0.9
Change in cash, cash equivalents and restricted cash	(232.2)	220.1
Add: Cash included in assets held for sale at beginning of period	—	2.8
Less: Cash included in assets held for sale at end of period	—	0.2
Cash, cash equivalents and restricted cash at the beginning of the period	592.3	319.1
Cash, cash equivalents and restricted cash at the end of the period	$360.1	$541.8
Cash paid for:
Income taxes	$32.6	$25.3
Interest	$76.4	$45.2

	Successor	Predecessor
	June 30, 2024	June 30, 2023
Cash and cash equivalents	$276.7	$504.6
Restricted cash	83.4	37.2
Total cash, cash equivalents and restricted cash at the end of the period	$360.1	$541.8

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.