Simpson Manufacturing Co., Inc.
For the period ended Mar 31, 2025. Filed May 9, 2025.
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.
Mar 31, 2025 · Filed May 9, 2025
SSD$201.43-1.3%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 (unaudited) for the
Condensed Consolidated Statements of Cash Flows
(In thousands, unaudited)
| Three Months Ended | ||
|---|---|---|
| March 31, | ||
| 2025 | 2024 | |
| Cash flows from operating activities | ||
| Net income | $77,884 | $75,430 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Gain on sale of assets and other | (76) | (198) |
| Depreciation and amortization | 19,193 | 19,189 |
| Noncash lease expense | 4,247 | 3,865 |
| Release of acquisition related tax and legal contingency | — | (1,363) |
| Loss in equity method investment, before tax | 141 | 30 |
| Deferred income taxes | (1,256) | (881) |
| Noncash compensation related to stock plans and other changes in the fair value of DCP | 6,598 | 5,346 |
| Provision (recovery) for doubtful accounts | 254 | (416) |
| Deferred hedge gain | (897) | (752) |
| Changes in operating assets and liabilities, net of amounts acquired | ||
| Trade accounts receivable | (85,384) | (61,254) |
| Inventories | (18,484) | (9,055) |
| Trade accounts payable | 18,224 | 399 |
| Other current assets | (4,807) | (12,758) |
| Accrued liabilities and other current liabilities | (5,100) | (2,654) |
| Other noncurrent assets and liabilities | (2,974) | (6,990) |
| Net cash provided by operating activities | 7,563 | 7,938 |
| Cash flows from investing activities | ||
| Capital expenditures | (50,165) | (39,412) |
| Purchases of equity investments | (187) | (101) |
| Proceeds from sale of property and equipment | 250 | 142 |
| Net cash used in investing activities | (50,102) | (39,371) |
| Cash flows from financing activities | ||
| Repurchase of common stock | (25,000) | — |
| Issuance of common stock | 3,526 | — |
| Proceeds from line of credits | 1,768 | 1,262 |
| Repayments of lines of credit and term loan | (6,815) | (7,088) |
| Dividends paid | (11,735) | (11,430) |
| Cash paid on behalf of employees for shares withheld | (4,576) | (7,544) |
| Net cash used in financing activities | (42,832) | (24,800) |
| Effect of exchange rate changes on cash | (3,710) | (4,467) |
| Net decrease in cash and cash equivalents | (89,081) | (60,700) |
| Cash and cash equivalents at beginning of period | 239,371 | 429,822 |
| Cash and cash equivalents at end of period | $150,290 | $369,122 |
| Noncash activity during the period | ||
| Noncash capital expenditures | $9,081 | $7,532 |
| Dividends declared but not paid | 11,758 | 11,459 |
| Issuance of Company’s common stock for compensation | 3,526 | — |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.