Allison Transmission Holdings Inc
For the period ended Dec 31, 2023. Filed Feb 14, 2024.
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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.
FY2023 · Filed Feb 14, 2024
ALSN$125.56+1.2%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 Statem ents of Cash Flows
| Years ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net income | $673 | $531 | $442 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation of property, plant and equipment | 109 | 109 | 104 |
| Amortization of intangible assets | 45 | 46 | 46 |
| Stock-based compensation | 22 | 18 | 14 |
| Deferred income taxes | (17) | (4) | 64 |
| Amortization of deferred financing costs | 4 | 4 | 4 |
| Technology-related investments gain | (3) | (6) | (3) |
| Unrealized loss (gain) on marketable securities | 1 | 22 | (4) |
| Loss on intercompany foreign exchange | — | 6 | — |
| Other | 1 | 2 | — |
| Changes in assets and liabilities: | |||
| Accounts receivable | 7 | (70) | (78) |
| Inventories | (52) | (25) | (26) |
| Accounts payable | 21 | 15 | 24 |
| Other assets and liabilities | (27) | 9 | 48 |
| Net cash provided by operating activities | 784 | 657 | 635 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Additions of long-lived assets | (125) | (167) | (175) |
| Investment in equities without a readily determinable fair value | (5) | — | — |
| Proceeds from technology-related investments | 2 | 6 | 4 |
| Investment in equity method investee | (1) | (1) | — |
| Business acquisitions | — | (23) | — |
| Proceeds from sale of assets | — | 2 | — |
| Investment in marketable securities | — | — | (41) |
| Loans to third parties | — | — | (12) |
| Repayments from loans to third parties | — | — | 12 |
| Net cash used for investing activities | (129) | (183) | (212) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||
| Repurchases of common stock | (263) | (278) | (513) |
| Dividend payments | (83) | (80) | (81) |
| Proceeds from exercise of stock options | 28 | 2 | 3 |
| Payments on long-term debt | (7) | (7) | (7) |
| Taxes paid related to net share settlement of equity awards | (7) | (4) | (3) |
| Repayments on revolving credit facility | — | (95) | — |
| Borrowings on revolving credit facility | — | 95 | — |
| Payment of acquisition-related contingent liability | — | — | (3) |
| Net cash used for financing activities | (332) | (367) | (604) |
| Effect of exchange rate changes on cash | — | (2) | (2) |
| Net increase (decrease) in cash and cash equivalents | 323 | 105 | (183) |
| Cash and cash equivalents at beginning of period | 232 | 127 | 310 |
| Cash and cash equivalents at end of period | $555 | $232 | $127 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | |||
| Income taxes paid | $(194) | $(102) | $(60) |
| Interest paid | $(131) | $(117) | $(103) |
| Interest received from interest rate swaps | $12 | $1 | $— |
| Non-cash investing activities: | |||
| Capital expenditures in liabilities | $4 | $11 | $9 |
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