MINERALS TECHNOLOGIES INC
For the period ended Mar 31, 2024. Filed Apr 26, 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 26, 2024
MTX$61.87-1.2%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
ERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Three Months Ended | ||
|---|---|---|
| (in millions of dollars) | Mar. 31,2024 | Apr. 2,2023 |
| Operating Activities: | ||
| Net income | $47.6 | $38.1 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation, depletion and amortization | 23.5 | 23.7 |
| Reduction of right of use asset | 3.4 | 3.4 |
| Other non-cash items, net | 7.2 | 4.2 |
| Net changes in operating assets and liabilities | (25.8) | (35.7) |
| Net cash provided by operating activities | 55.9 | 33.7 |
| Investing Activities: | ||
| Purchases of property, plant and equipment, net | (16.5) | (24.4) |
| Proceeds from sale of short-term investments | 1.1 | 1.6 |
| Purchases of short-term investments | (1.3) | (2.0) |
| Other investing activities | 0.1 | 0.1 |
| Net cash used in investing activities | (16.6) | (24.7) |
| Financing Activities: | ||
| Repayment of long-term debt | (3.6) | (3.8) |
| Proceeds from issuance of short-term debt | — | — |
| Repayment of short-term debt | (9.7) | (1.2) |
| Purchase of common stock for treasury | (15.0) | — |
| Proceeds from issuance of stock under option plan | 2.3 | 0.2 |
| Excess tax benefits related to stock incentive programs | (2.8) | (2.8) |
| Cash dividends paid | (3.2) | (1.6) |
| Net cash used in financing activities | (32.0) | (9.2) |
| Effect of exchange rate changes on cash and cash equivalents | (8.8) | 2.7 |
| Net increase (decrease) in cash and cash equivalents | (1.5) | 2.5 |
| Cash and cash equivalents at beginning of period | 317.2 | 247.2 |
| Cash and cash equivalents at end of period | $315.7 | $249.7 |
| Supplemental disclosure of cash flow information: | ||
| Interest paid | $20.3 | $19.1 |
| Income taxes paid | $7.3 | $4.7 |
| Non-cash financing activities: | ||
| Treasury stock purchases settled after period end | $0.4 | $— |
MINE
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