NCR VOYIX Corp
For the period ended Dec 31, 2023. Filed Mar 14, 2024.
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FY2023 · Filed Mar 14, 2024
VYX$10.03+1.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| For the years ended December 31 (in millions) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Operating activities | |||
| Net income (loss) | $(423) | $59 | $98 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Loss on debt extinguishment | 46 | — | 42 |
| Depreciation and amortization | 559 | 610 | 517 |
| Stock-based compensation expense | 177 | 125 | 154 |
| Deferred income taxes | 140 | 60 | 89 |
| Loss (gain) on disposal of property, plant and equipment and other assets | (2) | (10) | — |
| Loss on divestitures | 12 | 9 | — |
| Impairment of other assets | 8 | — | 24 |
| Gain on terminated interest rate derivative agreements | (103) | — | — |
| Changes in assets and liabilities, net of effects of business acquired: | |||
| Receivables | 47 | (216) | 215 |
| Inventories | 9 | (188) | (195) |
| Current payables and accrued expenses | 108 | 29 | 255 |
| Contract liabilities | (24) | (1) | (15) |
| Employee benefit plans | (6) | (61) | (147) |
| Other assets and liabilities | 146 | 11 | (28) |
| Net cash provided by operating activities | $694 | $427 | $1,009 |
| Investing activities | |||
| Expenditures for property, plant and equipment | $(130) | $(92) | $(106) |
| Proceeds from sales of property, plant and equipment | 8 | 10 | 1 |
| Additions to capitalized software | (247) | (285) | (242) |
| Business acquisitions, net of cash acquired | (7) | (13) | (2,473) |
| Proceeds from divestitures, net | 96 | (2) | — |
| Purchases of investments | (10) | — | (13) |
| Proceeds from sale of investments | — | — | 14 |
| Other investing activities, net | — | (5) | (7) |
| Net cash used in investing activities | $(290) | $(387) | $(2,826) |
| Financing activities | |||
| Short term borrowings, net | $— | $1 | $— |
| Payments on term credit facilities | (1,878) | (63) | (107) |
| Borrowings on term credit facilities | 200 | — | 1,505 |
| Payments on revolving credit facilities | (2,855) | (1,192) | (1,650) |
| Borrowings on revolving credit facilities | 2,430 | 1,333 | 1,756 |
| Payments of senior unsecured notes | (1,000) | — | (400) |
| Proceeds from issuance of senior unsecured and other notes | — | 12 | 1,200 |
| Payments on other financing arrangements | (2) | — | — |
| Debt issuance costs and bridge commitment fees | (5) | — | (53) |
| Call premium paid on debt extinguishment | (24) | — | (37) |
| Cash paid for Series A Convertible Preferred Stock dividends | (15) | (15) | (15) |
| Tax withholding payments on behalf of employees | (34) | (59) | (50) |
| Proceeds from employee stock plans | 27 | 31 | 44 |
| Net change in client funds obligations | — | (28) | 4 |
| Principal payments for finance lease obligations | (15) | (15) | (17) |
| Proceeds from long-term debt related to debt transferred to NCR Atleos at separation | 3,016 | — | — |
| Cash transferred to NCR Atleos at separation | (684) | — | — |
| Other financing activities | — | (4) | (2) |
| Net cash provided by (used in) financing activities | $(839) | $1 | $2,178 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (20) | (50) | (18) |
| Increase (decrease) in cash, cash equivalents and restricted cash | (455) | (9) | 343 |
| Cash, cash equivalents and restricted cash at beginning of period | 740 | 749 | 406 |
| Cash, cash equivalents and restricted cash at end of period | $285 | $740 | $749 |
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