OLIN Corp
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
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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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(In millions)
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Operating Activities | |||
| Net income | $105.0 | $452.0 | $1,326.9 |
| Adjustments to reconcile net income to net cash and cash equivalents provided by (used for) operating activities: | |||
| Depreciation and amortization | 518.1 | 533.4 | 598.8 |
| Gains on disposition of property, plant and equipment | — | (27.0) | (13.0) |
| Stock-based compensation | 17.1 | 18.6 | 14.1 |
| Write-off of equipment and facility included in restructuring charges | — | 17.7 | — |
| Deferred income taxes | (33.7) | (55.6) | (32.4) |
| Qualified pension plan contributions | (1.3) | (1.1) | (1.3) |
| Qualified pension plan income | (23.3) | (21.0) | (33.1) |
| Change in assets and liabilities: | |||
| Receivables | (119.4) | 65.4 | 160.8 |
| Income taxes receivable/payable | (1.6) | 45.8 | (2.9) |
| Inventories | 25.9 | 94.4 | (86.3) |
| Other current assets | 2.4 | (3.1) | 15.9 |
| Accounts payable and accrued liabilities | 72.8 | (133.9) | (22.3) |
| Other assets | (28.4) | (23.4) | (2.6) |
| Other noncurrent liabilities | (35.1) | 15.8 | (0.7) |
| Other operating activities | 4.7 | (3.7) | — |
| Net operating activities | 503.2 | 974.3 | 1,921.9 |
| Investing Activities | |||
| Capital expenditures | (195.1) | (236.0) | (236.9) |
| Business acquired in purchase transaction, net of cash acquired | — | (63.9) | — |
| Payments under other long-term supply contracts | (58.6) | (64.5) | (37.7) |
| Proceeds from disposition of property, plant and equipment | — | 28.8 | 14.9 |
| Investments in unconsolidated affiliates | (23.0) | — | — |
| Other investing activities | (7.0) | (5.2) | — |
| Net investing activities | (283.7) | (340.8) | (259.7) |
| Financing Activities | |||
| Long-term debt: | |||
| Borrowings | 1,081.9 | 707.7 | 415.0 |
| Repayments | (912.2) | (621.8) | (616.1) |
| Common stock repurchased and retired | (300.3) | (711.3) | (1,350.7) |
| Stock options exercised | 23.9 | 25.4 | 25.7 |
| Employee taxes paid for share-based payment arrangements | (10.5) | — | — |
| Dividends paid | (94.2) | (101.0) | (116.2) |
| Debt issuance costs | (1.2) | — | (4.4) |
| Contributions received from noncontrolling interests | — | 44.1 | — |
| Net financing activities | (212.6) | (656.9) | (1,646.7) |
| Effect of exchange rate changes on cash and cash equivalents | (1.6) | (0.3) | (2.0) |
| Net increase (decrease) in cash and cash equivalents | 5.3 | (23.7) | 13.5 |
| Cash and cash equivalents, beginning of year | 170.3 | 194.0 | 180.5 |
| Cash and cash equivalents, end of year | $175.6 | $170.3 | $194.0 |
| Cash paid for interest and income taxes: | |||
| Interest, net | $180.9 | $176.8 | $141.7 |
| Income taxes, net of refunds | 105.7 | 111.7 | 356.6 |
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