ACCO BRANDS Corp
For the period ended Mar 31, 2024. Filed May 3, 2024.
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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, 2024 · Filed May 3, 2024
ACCO$5.35+1.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| (in millions) | 2024 | 2023 |
| Operating activities | ||
| Net loss | $(6.3) | $(3.7) |
| Loss on disposal of assets | — | 1.1 |
| Depreciation | 7.4 | 9.0 |
| Amortization of debt issuance costs | 0.7 | 0.8 |
| Amortization of intangibles | 10.6 | 10.9 |
| Stock-based compensation | 5.1 | 5.6 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 153.8 | 88.6 |
| Inventories | (26.5) | (25.0) |
| Other assets | (18.6) | 3.6 |
| Accounts payable | (12.7) | (38.0) |
| Accrued expenses and other liabilities | (76.2) | (63.6) |
| Accrued income taxes | (9.1) | (12.5) |
| Net cash provided (used) by operating activities | 28.2 | (23.2) |
| Investing activities | ||
| Additions to property, plant and equipment | (2.3) | (2.0) |
| Net cash used by investing activities | (2.3) | (2.0) |
| Financing activities | ||
| Proceeds from long-term borrowings | 61.4 | 101.1 |
| Repayments of long-term debt | (18.9) | (10.0) |
| Repayments of notes payable, net | (0.2) | (1.2) |
| Dividends paid | (7.2) | — |
| Payments related to tax withholding for stock-based compensation | (1.9) | (1.7) |
| Net cash provided by financing activities | 33.2 | 88.2 |
| Effect of foreign exchange rate changes on cash and cash equivalents | (0.9) | 1.9 |
| Net increase in cash and cash equivalents | 58.2 | 64.9 |
| Cash and cash equivalents | ||
| Beginning of the period | $66.4 | $62.2 |
| End of the period | $124.6 | $127.1 |
| Cash paid during the year for: | ||
| Interest | $17.8 | $19.2 |
| Income taxes | $10.1 | $13.0 |
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