INNOSPEC INC
For the period ended Mar 31, 2024. Filed May 10, 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 10, 2024
IOSP$77.72-3.1%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
| Three Months EndedMarch 31, | ||
|---|---|---|
| (in millions) | 2024 | 2023 |
| Cash Flows from Operating Activities | ||
| Net income | $41.4 | $33.2 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 10.4 | 9.3 |
| Adjustment to fair value of contingent consideration | 0.8 | — |
| Deferred taxes | 0.8 | 1.2 |
| Profit on disposal | (0.1) | — |
| Non-cash income on defined benefit pension plans | (0.8) | (0.8) |
| Stock option compensation | 2.1 | 1.9 |
| Changes in assets and liabilities, net of effects of acquired and divested companies: | ||
| Trade and other accounts receivable | 39.5 | (6.0) |
| Inventories | (6.0) | 9.1 |
| Prepaid expenses | 3.6 | (1.2) |
| Accounts payable and accrued liabilities | (19.7) | (28.0) |
| Plant closure provisions | (0.1) | (0.3) |
| Income taxes | 8.8 | 0.8 |
| Unrecognized tax benefits | 0.2 | 0.3 |
| Other assets and liabilities | (0.3) | 2.3 |
| Net cash provided by operating activities | 80.6 | 21.8 |
| Cash Flows from Investing Activities | ||
| Capital expenditures | (10.7) | (17.7) |
| Proceeds on disposal of property, plant and equipment | 0.1 | — |
| Internally developed software | (3.7) | (4.3) |
| Net cash used in investing activities | (14.3) | (22.0) |
| Cash Flows from Financing Activities | ||
| Non-controlling interest | 0.2 | — |
| Issue of treasury stock | 0.7 | 0.7 |
| Repurchase of common stock | (0.4) | (0.3) |
| Net cash provided by financing activities | 0.5 | 0.4 |
| Effect of foreign currency exchange rate changes on cash | (0.4) | 0.2 |
| Net change in cash and cash equivalents | 66.4 | 0.4 |
| Cash and cash equivalents at beginning of period | 203.7 | 147.1 |
| Cash and cash equivalents at end of period | $270.1 | $147.5 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.