QUAKER CHEMICAL CORP
For the period ended Dec 31, 2024. Filed Feb 24, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 24, 2025
KWR$154.37-2.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
(Dollars in thousands)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities | |||
| Net income (loss) | $116,729 | $112,872 | $(15,842) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Amortization of debt issuance costs | 1,413 | 1,413 | 2,942 |
| Depreciation and amortization | 84,119 | 81,987 | 80,467 |
| Equity in undistributed earnings of associated companies, net of dividends | (2,733) | (11,149) | 1,005 |
| Deferred income taxes | (10,033) | (11,442) | (10,552) |
| Uncertain tax positions (non-deferred portion) | (2,372) | (644) | (6,398) |
| Deferred compensation and other, net | 4,867 | 5,711 | 2,613 |
| Share-based compensation | 14,991 | 14,605 | 11,666 |
| Loss on extinguishment of debt | — | — | 5,246 |
| Gain on disposal of property, plant, equipment and other assets | (810) | (1,307) | (168) |
| Impairment charges | — | — | 93,000 |
| Restructuring and related charges | 6,530 | 7,588 | 3,163 |
| Pension and other postretirement benefits | (4,460) | (2,079) | (7,964) |
| Increase (decrease) in cash from changes in current assets and current liabilities, net of acquisitions: | |||
| Accounts receivable | 24,975 | 32,169 | (59,112) |
| Inventories | (3,244) | 49,751 | (29,858) |
| Prepaid expenses and other current assets | (6,242) | (21) | 3,705 |
| Accrued restructuring | (7,595) | (9,786) | (1,532) |
| Accounts payable and accrued liabilities | (8,637) | 5,937 | (27,899) |
| Estimated taxes on income (loss) | (2,920) | 3,415 | (2,688) |
| Net cash provided by operating activities | 204,578 | 279,020 | 41,794 |
| Cash flows from investing activities | |||
| Investments in property, plant and equipment | (41,794) | (38,800) | (28,539) |
| Payments related to acquisitions, net of cash acquired | (39,302) | — | (13,115) |
| Proceeds from disposition of assets | 4,676 | 11,179 | 1,463 |
| Net cash used in investing activities | (76,420) | (27,621) | (40,191) |
| Cash flows from financing activities | |||
| Payments of long-term debt | (57,221) | (38,932) | (673,203) |
| Proceeds from long-term debt | — | — | 750,000 |
| Borrowings (payments) on revolving credit facilities, net | 17,916 | (164,769) | (16,281) |
| Borrowings (payments) on other debt, net | 1,441 | (506) | (1,629) |
| Financing-related debt issuance costs | — | — | (3,734) |
| Dividends paid | (33,170) | (31,650) | (30,103) |
| Shares purchased under share repurchase program | (49,247) | — | — |
| Other stock related activity | (2,383) | (2,749) | (378) |
| Net cash (used in) provided by financing activities | (122,664) | (238,606) | 24,672 |
| Effect of foreign exchange rate changes on cash | (11,141) | 771 | (10,488) |
| Net (decrease) increase in cash and cash equivalents | (5,647) | 13,564 | 15,787 |
| Cash and cash equivalents at the beginning of the period | 194,527 | 180,963 | 165,176 |
| Cash and cash equivalents at the end of the period | $188,880 | $194,527 | $180,963 |
| Supplemental cash flow disclosures: | |||
| Cash paid during the year for: | |||
| Income taxes, net of refunds | $60,581 | $57,410 | $35,327 |
| Interest | 44,536 | 54,892 | 29,074 |
| Non-cash activities: | |||
| Change in accrued purchases of property, plant and equipment, net | $11,282 | $(746) | $278 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.