NN INC
For the period ended Dec 31, 2024. Filed Mar 6, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 6, 2025
NNBR$3.04-1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Years Ended December 31, | |||
|---|---|---|---|
| (in thousands) | 2024 | 2023 | 2022 |
| Cash flows from operating activities | |||
| Net loss | $(38,273) | $(50,150) | $(26,098) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Depreciation and amortization | 45,302 | 46,120 | 47,231 |
| Amortization of debt issuance costs and discount | 2,288 | 1,941 | 1,361 |
| Paid-in-kind interest | 2,677 | 2,239 | — |
| Impairments of property, plant and equipment | 6,546 | — | — |
| Loss on extinguishment of debt | 349 | — | — |
| Total derivative loss (gain), net of cash settlements | (1,036) | 11,933 | (5,265) |
| Share of net income from joint venture, net of cash dividends received | (3,311) | (1,868) | (347) |
| Gain on sale of business | (7,154) | — | — |
| Share-based compensation expense | 3,140 | 2,821 | 4,377 |
| Deferred income taxes | (690) | (1,273) | (1,814) |
| Other | (1,074) | (785) | (3,207) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (2,839) | 9,087 | (4,920) |
| Inventories | 4,210 | 9,997 | (6,672) |
| Other operating assets | (1,558) | (5,041) | (1,825) |
| Income taxes receivable and payable, net | (662) | (89) | (1,457) |
| Accounts payable | (3,894) | 1,142 | 8,619 |
| Other operating liabilities | 7,049 | 3,270 | (2,266) |
| Net cash provided by operating activities | 11,070 | 29,344 | 7,717 |
| Cash flows from investing activities | |||
| Acquisition of property, plant and equipment | (18,314) | (20,496) | (17,952) |
| Proceeds from sale of property, plant, and equipment | 306 | 2,898 | 460 |
| Proceeds received from sale of business | 17,000 | — | — |
| Net cash used in investing activities | (1,008) | (17,598) | (17,492) |
| Cash flows from financing activities | |||
| Proceeds from long-term debt | 63,400 | 61,000 | 46,000 |
| Repayments of long-term debt | (96,031) | (65,395) | (47,958) |
| Cash paid for debt issuance costs | (2,011) | (169) | (136) |
| Proceeds from sale-leaseback of equipment | 8,324 | — | — |
| Proceeds from sale-leaseback of land and buildings | 16,863 | — | — |
| Repayments of financing obligations | (781) | — | — |
| Proceeds from short-term debt | — | 3,648 | — |
| Other | (3,009) | (1,967) | (3,092) |
| Net cash used in financing activities | (13,245) | (2,883) | (5,186) |
| Effect of exchange rate changes on cash flows | (592) | 232 | (887) |
| Net change in cash and cash equivalents | (3,775) | 9,095 | (15,848) |
| Cash and cash equivalents at beginning of year | 21,903 | 12,808 | 28,656 |
| Cash and cash equivalents at end of year | $18,128 | $21,903 | $12,808 |
Consolidated Statements of Cash Flows
| Years Ended December 31, | |||
|---|---|---|---|
| (in thousands) | 2024 | 2023 | 2022 |
| Supplemental schedule of non-cash investing activities: | |||
| Non-cash additions to property, plant and equipment | $3,119 | $2,743 | $1,266 |
| Non-cash additions to debt issuance costs | — | 2,712 | — |
| Supplemental disclosures: | |||
| Cash paid for interest, net of capitalized interest | $17,988 | $15,272 | $13,344 |
| Cash paid for income taxes | 3,906 | 3,083 | 4,739 |
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