CommScope Holding Company Inc
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
VISN$4.13+0.2%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
(In millions)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Operating Activities: | |||
| Net loss | $(1,450.9) | $(1,286.9) | $(462.6) |
| Adjustments to reconcile net loss to net cash generated by operating activities: | |||
| Depreciation and amortization | 561.2 | 696.1 | 786.3 |
| Equity-based compensation | 47.3 | 61.1 | 79.6 |
| Deferred income taxes | (183.3) | (118.4) | (147.5) |
| Asset impairments | 1,217.6 | 1,119.6 | 13.7 |
| Changes in assets and liabilities: | |||
| Accounts receivable | 461.7 | (16.0) | (59.6) |
| Inventories | 391.3 | (178.8) | (359.8) |
| Prepaid expenses and other current assets | 45.1 | 30.9 | 3.2 |
| Accounts payable and other accrued liabilities | (723.6) | (43.2) | 256.0 |
| Other noncurrent assets | (27.4) | 8.2 | (45.5) |
| Other noncurrent liabilities | 55.0 | (88.8) | 8.4 |
| Other | (104.1) | 6.2 | 50.1 |
| Net cash generated by operating activities | 289.9 | 190.0 | 122.3 |
| Investing Activities: | |||
| Additions to property, plant and equipment | (53.3) | (101.3) | (131.4) |
| Proceeds from sale of property, plant and equipment | 71.2 | 0.1 | 13.1 |
| Payments upon settlement of net investment hedge | — | — | (18.0) |
| Other | 20.4 | 19.1 | (0.5) |
| Net cash generated by (used in) investing activities | 38.3 | (82.1) | (136.8) |
| Financing Activities: | |||
| Long-term debt repaid | (32.0) | (365.0) | (1,282.0) |
| Long-term debt repurchases | (142.6) | — | — |
| Long-term debt proceeds | — | 333.0 | 1,250.0 |
| Debt issuance costs | — | (7.2) | (12.0) |
| Debt extinguishment costs | — | — | (34.4) |
| Dividends paid on Series A convertible preferred stock | — | (14.9) | (43.0) |
| Proceeds from the issuance of common shares under equity-based compensation plans | — | — | 5.6 |
| Tax withholding payments for vested equity-based compensation awards | (9.1) | (14.8) | (26.4) |
| Other | 2.0 | 3.9 | 2.7 |
| Net cash used in financing activities | (181.7) | (65.0) | (139.5) |
| Effect of exchange rate changes on cash and cash equivalents | (0.8) | (5.1) | (7.6) |
| Change in cash and cash equivalents | 145.7 | 37.8 | (161.6) |
| Cash and cash equivalents at beginning of period | 398.1 | 360.3 | 521.9 |
| Cash and cash equivalents at end of period | $543.8 | $398.1 | $360.3 |
| (1) The cash flows related to discontinued operations have not been segregated. Accordingly, the Consolidated Statements of Cash Flows include the results of continuing and discontinued operations. | |||
| See notes to consolidated financial statements. | |||
CommScope Holding Company, Inc.
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