DNOW Inc
For the period ended Dec 31, 2023. Filed Feb 15, 2024.
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FY2023 · Filed Feb 15, 2024
DNOW$13.73-1.5%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEM ENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Cash flows from operating activities: | |||
| Net income | $248 | $129 | $5 |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 26 | 19 | 23 |
| Provision for inventory | 9 | 6 | 9 |
| Impairment and other charges | — | 10 | 7 |
| Stock-based compensation | 15 | 11 | 8 |
| Deferred income taxes | (119) | 1 | — |
| Other, net | 18 | 4 | 11 |
| Change in operating assets and liabilities, net of effects of acquisitions and divestitures: | |||
| Receivables | 16 | (95) | (97) |
| Inventories | 12 | (138) | 3 |
| Prepaid and other current assets | 7 | (10) | (3) |
| Accounts payable, accrued liabilities and other, net | (44) | 63 | 64 |
| Net cash provided by (used in) operating activities | 188 | — | 30 |
| Cash flows from investing activities: | |||
| Business acquisitions, net of cash acquired | (32) | (80) | (96) |
| Purchases of property, plant and equipment | (17) | (9) | (5) |
| Other, net | 1 | 2 | 5 |
| Net cash provided by (used in) investing activities | (48) | (87) | (96) |
| Cash flows from financing activities: | |||
| Repurchases of common stock | (50) | (7) | — |
| Payments relating to finance leases and other, net | (5) | (3) | (6) |
| Net cash provided by (used in) financing activities | (55) | (10) | (6) |
| Effect of exchange rates on cash and cash equivalents | 2 | (4) | (2) |
| Net change in cash and cash equivalents | 87 | (101) | (74) |
| Cash and cash equivalents, beginning of period | 212 | 313 | 387 |
| Cash and cash equivalents, end of period | $299 | $212 | $313 |
| Supplemental disclosures of cash flow information: | |||
| Income taxes paid, net | $10 | $11 | $— |
| Non-cash investing and financing activities: | |||
| Accrued purchases of property, plant and equipment | $1 | $1 | $— |
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