OLIN Corp
For the period ended Sep 30, 2024. Filed Oct 25, 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 Oct 25, 2024
OLN$17.50-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Statements of Cash Flows
($ in millions)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating Activities | ||
| Net income | $94.9 | $403.2 |
| Adjustments to reconcile net income to net cash and cash equivalents provided by (used for) operating activities: | ||
| Depreciation and amortization | 388.9 | 404.9 |
| Gains on disposition of property, plant and equipment | — | (27.0) |
| Stock-based compensation | 11.8 | 13.2 |
| Write-off of equipment and facility included in restructuring charges | — | 17.7 |
| Deferred income taxes | (43.7) | (60.6) |
| Qualified pension plan contributions | (0.9) | (1.6) |
| Qualified pension plan income | (17.5) | (15.0) |
| Change in assets and liabilities: | ||
| Receivables | 5.1 | 28.4 |
| Income taxes receivable/payable | (21.5) | 55.3 |
| Inventories | 32.8 | (43.4) |
| Other current assets | 2.1 | 9.8 |
| Accounts payable and accrued liabilities | (77.2) | (222.7) |
| Other assets | (24.9) | (27.2) |
| Other noncurrent liabilities | 6.2 | 29.5 |
| Other operating activities | 5.4 | (6.8) |
| Net operating activities | 361.5 | 557.7 |
| Investing Activities | ||
| Capital expenditures | (144.1) | (173.0) |
| Payments under other long-term supply contracts | (58.6) | (46.2) |
| Proceeds from disposition of property, plant and equipment | — | 28.8 |
| Other investing activities | (4.3) | (3.6) |
| Net investing activities | (207.0) | (194.0) |
| Financing Activities | ||
| Long-term debt: | ||
| Borrowings | 587.4 | 587.7 |
| Repayments | (370.7) | (381.1) |
| Common stock repurchased and retired | (256.8) | (595.1) |
| Stock options exercised | 22.6 | 22.3 |
| Employee taxes paid for share-based payment arrangements | (10.5) | — |
| Dividends paid | (70.9) | (76.6) |
| Contributions received from noncontrolling interests | — | 44.1 |
| Net financing activities | (98.9) | (398.7) |
| Effect of exchange rate changes on cash and cash equivalents | — | (0.7) |
| Net increase (decrease) in cash and cash equivalents | 55.6 | (35.7) |
| Cash and cash equivalents, beginning of year | 170.3 | 194.0 |
| Cash and cash equivalents, end of period | $225.9 | $158.3 |
| Cash paid for interest and income taxes: | ||
| Interest, net | $156.5 | $148.9 |
| Income taxes, net of refunds | 95.6 | 81.9 |
| Non-cash investing activities: | ||
| Decrease in capital expenditures included in accounts payable and accrued liabilities | 20.5 | 17.9 |
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