REGAL REXNORD CORP
For the period ended Mar 31, 2024. Filed May 7, 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 May 7, 2024
RRX$179.96-0.5%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
(Dollars in Millions)
| Three Months Ended | ||
|---|---|---|
| March 31, 2024 | March 31, 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net Income (Loss) | $20.4 | $(5.5) |
| Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities (Net of Acquisitions and Divestitures): | ||
| Depreciation | 41.5 | 30.2 |
| Amortization | 86.7 | 46.3 |
| Loss on Assets Held for Sale | 21.5 | — |
| Noncash Lease Expense | 11.3 | 7.7 |
| Share-Based Compensation Expense | 9.1 | 21.7 |
| Financing Fee Expense | 3.1 | 23.0 |
| Benefit from Deferred Income Taxes | (30.4) | (10.2) |
| Other Non-Cash Changes | 1.4 | 0.3 |
| Change in Operating Assets and Liabilities, Net of Acquisitions and Divestitures | ||
| Receivables | 47.7 | 31.7 |
| Inventories | (47.8) | 47.1 |
| Accounts Payable | 14.5 | (18.3) |
| Other Assets and Liabilities | (95.9) | (67.8) |
| Net Cash Provided by Operating Activities | 83.1 | 106.2 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Additions to Property, Plant and Equipment | (18.5) | (18.7) |
| Business Acquisitions, Net of Cash Acquired | — | (4,852.9) |
| Proceeds Received from Sales of Property, Plant and Equipment | 1.0 | 6.1 |
| Net Cash Used in Investing Activities | (17.5) | (4,865.5) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Borrowings Under Revolving Credit Facility | 495.1 | 893.3 |
| Repayments Under Revolving Credit Facility | (566.8) | (639.5) |
| Proceeds from Short-Term Borrowings | — | 14.1 |
| Repayments of Short-Term Borrowings | — | (15.9) |
| Proceeds from Long-Term Borrowings | — | 5,532.9 |
| Repayments of Long-Term Borrowings | (65.8) | (500.8) |
| Dividends Paid to Shareholders | (23.3) | (23.2) |
| Shares Surrendered for Taxes | (10.7) | (8.2) |
| Proceeds from the Exercise of Stock Options | 3.5 | 0.9 |
| Financing Fees Paid | — | (50.0) |
| Net Cash (Used in) Provided By Financing Activities | (168.0) | 5,203.6 |
| EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS | (10.5) | 10.5 |
| Net (Decrease) Increase in Cash and Cash Equivalents | (112.9) | 454.8 |
| Cash and Cash Equivalents at Beginning of Period | 635.3 | 688.5 |
| Cash and Cash Equivalents at End of Period | $522.4 | $1,143.3 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | ||
|---|---|---|
| Cash Paid For: | ||
| Interest | $94.8 | $75.1 |
| Income taxes | $36.2 | $23.0 |
| Cash and Cash Equivalents Presentation: | ||
| Cash and Cash Equivalents | $465.3 | 1,143.3 |
| Assets Held for Sale | 57.1 | — |
| Total Cash and Cash Equivalents | $522.4 | $1,143.3 |
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