PENTAIR plc
For the period ended Mar 31, 2024. Filed Apr 23, 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.
Mar 31, 2024 · Filed Apr 23, 2024
PNR$69.63-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows (Unaudited)
| Three months ended | ||
|---|---|---|
| In millions | March 31,2024 | March 31,2023 |
| Operating activities | ||
| Net income | $133.3 | $129.7 |
| Loss (income) from discontinued operations, net of tax | 0.2 | (1.2) |
| Adjustments to reconcile net income from continuing operations to net cash provided by (used for) operating activities | ||
| Equity income of unconsolidated subsidiaries | (0.9) | (0.2) |
| Depreciation | 14.9 | 14.7 |
| Amortization | 13.5 | 13.8 |
| Deferred income taxes | 4.8 | (14.0) |
| Share-based compensation | 7.9 | 7.2 |
| Asset impairment and write-offs | 0.8 | 4.1 |
| Changes in assets and liabilities, net of effects of business acquisitions | ||
| Accounts receivable | (249.5) | (184.8) |
| Inventories | (3.2) | 6.0 |
| Other current assets | (11.8) | (17.4) |
| Accounts payable | 33.0 | (24.9) |
| Employee compensation and benefits | (28.3) | (12.8) |
| Other current liabilities | (28.1) | (28.7) |
| Other non-current assets and liabilities | 6.0 | 1.9 |
| Net cash used for operating activities of continuing operations | (107.4) | (106.6) |
| Net cash used for operating activities of discontinued operations | (0.2) | — |
| Net cash used for operating activities | (107.6) | (106.6) |
| Investing activities | ||
| Capital expenditures | (19.3) | (16.6) |
| Proceeds from sale of property and equipment | — | 0.2 |
| Acquisitions, net of cash acquired | — | 0.2 |
| Net cash used for investing activities | (19.3) | (16.2) |
| Financing activities | ||
| Net borrowings of revolving long-term debt | 101.4 | 173.6 |
| Repayments of long-term debt | (6.3) | — |
| Shares issued to employees, net of shares withheld | 6.1 | (4.1) |
| Dividends paid | (38.0) | (36.2) |
| Net cash provided by financing activities | 63.2 | 133.3 |
| Effect of exchange rate changes on cash and cash equivalents | 2.5 | (0.2) |
| Change in cash and cash equivalents | (61.2) | 10.3 |
| Cash and cash equivalents, beginning of period | 170.3 | 108.9 |
| Cash and cash equivalents, end of period | $109.1 | $119.2 |
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