TEREX CORP
For the period ended Dec 31, 2023. Filed Feb 9, 2024.
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FY2023 · Filed Feb 9, 2024
TEX$57.05-1.7%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 Statement of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Operating Activities | |||
| Net income (loss) | $518.0 | $300.0 | $220.9 |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 56.4 | 47.2 | 50.2 |
| Deferred taxes | (38.1) | (0.6) | 1.2 |
| Stock-based compensation expense | 43.6 | 30.3 | 33.1 |
| Inventory and other non-cash charges | 9.4 | 22.6 | 39.6 |
| Changes in operating assets and liabilities (net of effects of acquisitions and divestitures): | |||
| Receivables | 11.0 | (54.7) | (139.0) |
| Inventories | (199.6) | (206.1) | (229.5) |
| Trade accounts payable | 57.5 | 96.3 | 173.0 |
| Other assets and liabilities | 2.3 | 37.5 | 140.7 |
| Foreign exchange and other operating activities, net | (1.2) | (11.3) | 3.2 |
| Net cash provided by (used in) operating activities | 459.3 | 261.2 | 293.4 |
| Investing Activities | |||
| Capital expenditures | (127.2) | (109.6) | (59.7) |
| Proceeds from sale of capital assets | 33.6 | 0.2 | 1.9 |
| Acquisitions, net of cash acquired, and investments | (23.8) | (50.1) | (42.7) |
| Other investing activities, net | 3.0 | 5.4 | (1.7) |
| Net cash provided by (used in) investing activities | (114.4) | (154.1) | (102.2) |
| Financing Activities | |||
| Repayments of debt | (401.5) | (224.4) | (1,103.5) |
| Proceeds from issuance of debt | 242.8 | 320.9 | 600.1 |
| Share repurchases | (62.8) | (101.3) | (3.0) |
| Dividends paid | (43.2) | (35.6) | (33.5) |
| Other financing activities, net | (23.1) | (14.5) | (40.2) |
| Net cash provided by (used in) financing activities | (287.8) | (54.9) | (580.1) |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | 9.5 | (15.0) | (14.3) |
| Net Increase (Decrease) in Cash and Cash Equivalents | 66.6 | 37.2 | (403.2) |
| Cash and Cash Equivalents at Beginning of Year | 304.1 | 266.9 | 670.1 |
| Cash and Cash Equivalents at End of Year | $370.7 | $304.1 | $266.9 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.