WHIRLPOOL CORP DE
For the period ended Sep 30, 2024. Filed Oct 24, 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.
Sep 30, 2024 · Filed Oct 24, 2024
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Consolidated Condensed Statements of Cash Flows
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED)
FOR THE PERIODS ENDED SEPTEMBER 30
(Millions of dollars)
| Nine Months Ended | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities | ||
| Net earnings (loss) | $85 | $(4) |
| Adjustments to reconcile net earnings to cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 249 | 262 |
| Loss (gain) on sale and disposal of businesses | 260 | 286 |
| Changes in assets and liabilities: | ||
| Accounts receivable | (275) | (359) |
| Inventories | (18) | (282) |
| Accounts payable | (76) | (274) |
| Accrued advertising and promotions | (137) | (140) |
| Accrued expenses and current liabilities | (22) | 50 |
| Taxes deferred and payable, net | (237) | 161 |
| Accrued pension and postretirement benefits | (15) | (45) |
| Employee compensation | 22 | 57 |
| Other | (107) | (34) |
| Cash provided by (used in) operating activities | (271) | (322) |
| Investing activities | ||
| Capital expenditures | (315) | (338) |
| Proceeds from sale of assets and businesses | 95 | 9 |
| Acquisition of businesses, net of cash acquired | — | (14) |
| Cash held by divested businesses | (245) | — |
| Other | (1) | — |
| Cash provided by (used in) investing activities | (466) | (343) |
| Financing activities | ||
| Net proceeds from borrowings of long-term debt | 300 | 304 |
| Net repayments of long-term debt | (801) | (250) |
| Net proceeds (repayments) from short-term borrowings | 613 | 30 |
| Dividends paid | (287) | (290) |
| Repurchase of common stock | (50) | — |
| Sale of minority interest in subsidiary | 462 | — |
| Common stock issued | — | 4 |
| Other | (15) | (1) |
| Cash provided by (used in) financing activities | 222 | (203) |
| Effect of exchange rate changes on cash and cash equivalents | (68) | 28 |
| Less: change in cash classified as held for sale | — | 5 |
| Increase (decrease) in cash and cash equivalents | (583) | (835) |
| Cash and cash equivalents at beginning of year (1) | 1,667 | 1,958 |
| Cash and cash equivalents at end of period | $1,084 | $1,123 |
(1) Cash and cash equivalent at the beginning of 2024 include $1,570 million of cash and cash equivalents and cash of $97 million classified as held for sale as of December 31, 2023. For additional information, see Note 14.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.