MINERALS TECHNOLOGIES INC
For the period ended Jun 30, 2024. Filed Jul 26, 2024.
View on SEC.govAbout this filing
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.
Jun 30, 2024 · Filed Jul 26, 2024
MTX$61.87-1.2%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
Condensed Consolidated Statements of Cash Flows
ERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Six Months Ended | ||
|---|---|---|
| (in millions of dollars) | Jun. 30, 2024 | Jul. 2, 2023 |
| Operating Activities: | ||
| Net income | $68.5 | $65.7 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation, depletion and amortization | 47.5 | 47.2 |
| Reduction of right of use asset | 7.0 | 7.0 |
| Provision for credit losses | 30.0 | — |
| Other non-cash items, net | 9.7 | 10.1 |
| Net changes in operating assets and liabilities | (56.7) | (50.8) |
| Net cash provided by operating activities | 106.0 | 79.2 |
| Investing Activities: | ||
| Purchases of property, plant and equipment, net | (36.7) | (45.9) |
| Payments related to acquisition of business, net of cash acquired | (4.0) | (1.8) |
| Proceeds from sale of assets | — | 0.2 |
| Proceeds from sale of short-term investments | 3.1 | 7.0 |
| Purchases of short-term investments | (5.2) | (9.1) |
| Other investing activities | (3.0) | 0.3 |
| Net cash used in investing activities | (45.8) | (49.3) |
| Financing Activities: | ||
| Repayment of long-term debt | (7.2) | (7.4) |
| Repayment of short-term debt | (16.3) | (12.7) |
| Purchase of common stock for treasury | (34.6) | — |
| Proceeds from issuance of stock under option plan | 13.0 | 0.2 |
| Excess tax benefits related to stock incentive programs | (2.8) | (2.8) |
| Dividends paid to non-controlling interests | (0.4) | — |
| Cash dividends paid | (6.5) | (3.3) |
| Net cash used in financing activities | (54.8) | (26.0) |
| Effect of exchange rate changes on cash and cash equivalents | (12.0) | (4.0) |
| Net increase (decrease) in cash and cash equivalents | (6.6) | (0.1) |
| Cash and cash equivalents at beginning of period | 317.2 | 247.2 |
| Cash and cash equivalents at end of period | $310.6 | $247.1 |
| Supplemental disclosure of cash flow information: | ||
| Interest paid | $31.3 | $39.2 |
| Income taxes paid | $36.2 | $26.4 |
| Non-cash financing activities: | ||
| Treasury stock purchases settled after period end | $0.3 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.