DIEBOLD NIXDORF Inc
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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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.
Sep 30, 2024 · Filed Nov 7, 2024
DBD$57.34-4.6%Stored close · as of Nov 10, 2026
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Condensed Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows
| Successor · Predecessor | |||
|---|---|---|---|
| Nine months ended | Period from 08/12/2023 | Period from 01/01/2023 | |
| September 30, 2024 | through 09/30/2023 | through 08/11/2023 | |
| Cash flow from operating activities | |||
| Net income (loss) | $(20.9) | $(8.2) | $1,361.9 |
| Adjustments to reconcile net loss to cash flow used by operating activities: | |||
| Depreciation and amortization | 25.8 | 7.3 | 35.5 |
| Amortization of fair valued assets | 68.3 | 13.7 | 41.8 |
| Amortization of deferred financing costs into interest expense | 1.3 | 0.9 | 21.8 |
| Reorganization items (non-cash) | — | — | (1,747.6) |
| Reorganization items (debt make whole premium) | — | — | 91.0 |
| Share-based compensation | 7.4 | — | 5.1 |
| Debt prepayment costs | 2.0 | — | — |
| (Gain) loss on sale of assets, net | (1.8) | (1.5) | 1.2 |
| Impairment of assets | 1.6 | 1.1 | 3.3 |
| Deferred income taxes | 2.0 | (50.3) | 79.8 |
| Other | (0.2) | — | — |
| Changes in certain assets and liabilities: | |||
| Trade receivables | 55.5 | (104.6) | 9.9 |
| Inventories | (56.7) | 54.0 | (98.1) |
| Accounts payable | (51.1) | 90.4 | (140.4) |
| Deferred revenue | (51.2) | (58.2) | (51.0) |
| Sales tax and net value added tax | (37.4) | 10.9 | (38.1) |
| Income taxes | 7.0 | 27.7 | (26.0) |
| Accrued salaries, wages and commissions | 12.1 | (12.9) | 33.0 |
| Restructuring accrual | 4.4 | (1.8) | (30.2) |
| Pension and post retirement benefits | (5.5) | (1.3) | 2.0 |
| Accrued interest | (1.6) | 11.5 | 20.9 |
| Certain other assets and liabilities | (8.0) | 16.7 | 9.2 |
| Net cash used by operating activities | (47.0) | (4.6) | (415.0) |
Condensed Consolidated Statements of Cash Flows - (Continued)
| Successor · Predecessor | |||
|---|---|---|---|
| Nine months ended | Period from 08/12/2023 | Period from 01/01/2023 | |
| September 30, 2024 | through 09/30/2023 | through 08/11/2023 | |
| Cash flow from investing activities | |||
| Capital expenditures | (12.2) | (3.5) | (15.1) |
| Capitalized software development | (18.2) | (3.7) | (13.1) |
| Proceeds from maturities of investments | 214.1 | 54.2 | 153.2 |
| Payments for purchases of investments | (213.2) | (57.3) | (141.0) |
| Proceeds from sale of assets | 1.3 | — | — |
| Net cash used by investing activities | (28.2) | (10.3) | (16.0) |
| Cash flow from financing activities | |||
| Revolving credit facility borrowings, net | 38.7 | — | — |
| Repayment of ABL credit agreement, net | — | — | (188.3) |
| Debt issuance costs | (4.6) | — | (5.1) |
| 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 | 0.6 | 4.9 | 4.4 |
| Other debt repayments | (0.1) | (1.6) | (2.5) |
| Debt make whole premium | — | — | (91.0) |
| Debt prepayment costs | (2.0) | — | — |
| Distributions to noncontrolling interest holders | (3.2) | — | — |
| Other | (3.9) | (0.5) | (3.4) |
| Net cash (used), provided by financing activities | (174.5) | 2.8 | 563.5 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (8.2) | (4.9) | 2.9 |
| Change in cash, cash equivalents and restricted cash | (257.9) | (17.0) | 135.4 |
| Add: Cash included in assets held for sale at beginning of period | — | 0.7 | 2.8 |
| Less: Cash included in assets held for sale at end of period | — | — | 0.7 |
| Cash, cash equivalents and restricted cash at the beginning of the period | 592.3 | 456.6 | 319.1 |
| Cash, cash equivalents and restricted cash at the end of the period | $334.4 | $440.3 | $456.6 |
| Cash paid for: | |||
| Income taxes | $40.1 | $7.1 | $25.2 |
| Interest | $112.8 | $12.0 | $74.7 |
| Successor · Predecessor | |||
|---|---|---|---|
| September 30, 2024 | September 30, 2023 | August 11, 2023 | |
| Cash and cash equivalents | $251.1 | $376.1 | $395.8 |
| Restricted cash | 83.3 | 64.2 | 60.8 |
| Total cash, cash equivalents and restricted cash at the end of the period | $334.4 | $440.3 | $456.6 |
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