MINERALS TECHNOLOGIES INC
For the period ended Dec 31, 2025. Filed Feb 20, 2026.
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FY2025 · Filed Feb 20, 2026
MTX$61.87-1.2%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CASH FLOWS
| Year Ended December 31, | |||||
|---|---|---|---|---|---|
| (in millions of dollars) · 2025 · 2024 · 2023 | |||||
| Operating Activities: | |||||
| Net income (loss) | $(14.0) | $170.9 | $88.3 | ||
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||||
| Depreciation, depletion, and amortization | 91.2 | 94.9 | 95.0 | ||
| Provision for litigation accrual and credit losses | 215.0 | 30.0 | - | ||
| Loss (gain) on disposal of property, plant, and equipment | 3.3 | (11.8) | 2.0 | ||
| Deferred income taxes | (45.8) | (7.6) | (34.8) | ||
| Pension amortization and settlement loss | - | 1.1 | 2.3 | ||
| Provision for bad debts | 4.1 | 1.4 | 2.8 | ||
| Stock-based compensation | 11.9 | 11.8 | 11.3 | ||
| Impairment of assets | - | - | 71.7 | ||
| Reduction of right of use asset | 15.7 | 14.4 | 14.1 | ||
| Non-cash debt extinguishment expenses | - | 1.8 | - | ||
| Restructuring costs | 15.0 | - | 6.9 | ||
| Other non-cash items, net | (4.9) | (6.6) | (4.3) | ||
| Changes in operating assets and liabilities | |||||
| Accounts receivable | (5.2) | 5.2 | 1.8 | ||
| Inventories | (2.0) | (26.2) | 18.7 | ||
| Pension plan funding | (8.6) | (11.7) | (9.9) | ||
| Accounts payable | (2.2) | 2.3 | (2.9) | ||
| Restructuring liabilities | (2.8) | (1.4) | (2.8) | ||
| Income taxes payable | (19.2) | 5.8 | 6.7 | ||
| Prepaid expenses and other | (57.8) | (37.9) | (33.3) | ||
| Net cash provided by operating activities | 193.7 | 236.4 | 233.6 | ||
| Investing Activities: | |||||
| Purchases of property, plant, and equipment | (107.1) | (89.5) | (93.5) | ||
| Payments related to acquisition of business, net of cash acquired | - | (4.0) | (1.8) | ||
| Proceeds from sale of assets | 6.8 | 12.3 | 0.2 | ||
| Purchases of short-term investments | (14.3) | (8.6) | (17.9) | ||
| Proceeds from sale of short-term investments | 15.3 | 8.0 | 20.0 | ||
| Other investing activities | (23.5) | (12.7) | 1.3 | ||
| Net cash used in investing activities | (122.8) | (94.5) | (91.7) | ||
| Financing Activities: | |||||
| Long-term debt issuance | - | 575.0 | - | ||
| Debt issuance costs | - | (6.7) | - | ||
| Repayment of long-term debt | (6.6) | (533.6) | (14.8) | ||
| Repayment of short-term debt | (4.8) | (80.2) | (34.5) | ||
| Purchase of common stock for treasury | (58.5) | (63.6) | (14.2) | ||
| Proceeds from issuance of stock under option plan | 2.4 | 15.7 | 5.1 | ||
| Tax withholding payments for stock-based compensation | (3.5) | (2.8) | (2.8) | ||
| Dividends paid to non-controlling interests | (4.1) | (1.0) | (2.4) | ||
| Cash dividends paid | (14.2) | (13.2) | (8.1) | ||
| Net cash used in financing activities | (89.3) | (110.4) | (71.7) | ||
| Effect of exchange rate changes on cash and cash equivalents | 14.3 | (15.6) | (0.2) | ||
| Net increase (decrease) in cash and cash equivalents | (4.1) | 15.9 | 70.0 | ||
| Cash and cash equivalents at beginning of period | 333.1 | 317.2 | 247.2 | ||
| Cash and cash equivalents at end of period | $329.0 | $333.1 | $317.2 | ||
| Supplemental disclosure of cash flow information: | |||||
| 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 | $0.1 | $0.1 | $0.6 | ||
| Excise tax charged to equity not paid | $0.1 | $0.4 | $ | - | |
CONSOLI
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