MINERALS TECHNOLOGIES INC
For the period ended Sep 29, 2024. Filed Oct 25, 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.
Sep 29, 2024 · Filed Oct 25, 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
| Nine Months Ended | ||
|---|---|---|
| (in millions of dollars) | Sep. 29, 2024 | Oct. 1, 2023 |
| Operating Activities: | ||
| Net income | $116.2 | $47.6 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation, depletion and amortization | 70.6 | 71.5 |
| Impairment of assets | — | 71.7 |
| Reduction of right of use asset | 10.6 | 10.6 |
| Provision for credit losses | 30.0 | — |
| Pension funding | (11.3) | (6.3) |
| Other non-cash items, net | 0.8 | (1.1) |
| Net changes in operating assets and liabilities | (50.9) | (55.7) |
| Net cash provided by operating activities | 166.0 | 138.3 |
| Investing Activities: | ||
| Purchases of property, plant and equipment, net | (61.4) | (71.0) |
| 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 | 4.2 | 8.5 |
| Purchases of short-term investments | (7.7) | (12.0) |
| Other investing activities | (8.7) | 0.3 |
| Net cash used in investing activities | (77.6) | (75.8) |
| Financing Activities: | ||
| Repayment of long-term debt | (7.2) | (11.0) |
| Repayment of short-term debt | (25.4) | (10.6) |
| Purchase of common stock for treasury | (57.4) | — |
| Proceeds from issuance of stock under option plan | 13.9 | 0.2 |
| Excess tax benefits related to stock incentive programs | (2.8) | (2.8) |
| Dividends paid to non-controlling interests | (1.0) | (1.0) |
| Cash dividends paid | (9.7) | (4.9) |
| Net cash used in financing activities | (89.6) | (30.1) |
| Effect of exchange rate changes on cash and cash equivalents | 1.1 | (11.2) |
| Net increase (decrease) in cash and cash equivalents | (0.1) | 21.2 |
| Cash and cash equivalents at beginning of period | 317.2 | 247.2 |
| Cash and cash equivalents at end of period | $317.1 | $268.4 |
| Supplemental disclosure of cash flow information: | ||
| Interest paid | $51.5 | $50.3 |
| Income taxes paid | $49.8 | $38.1 |
| Non-cash investing and financing activities: | ||
| Property, plant and equipment additions related to asset retirement obligations | $7.0 | $— |
| Treasury stock purchases settled after period end | $0.2 | $— |
| Excise tax charged to equity not paid | $0.4 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.