ACCO BRANDS Corp
For the period ended Sep 30, 2024. Filed Nov 1, 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.
Sep 30, 2024 · Filed Nov 1, 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
| Nine Months Ended September 30, | ||
|---|---|---|
| (in millions) | 2024 | 2023 |
| Operating activities | ||
| Net (loss) income | $(122.2) | $37.6 |
| Loss (gain) on disposal of assets | 0.2 | (0.3) |
| Depreciation | 21.2 | 25.2 |
| Amortization of debt issuance costs | 2.2 | 2.3 |
| Amortization of intangibles | 33.2 | 32.7 |
| Stock-based compensation | 9.2 | 10.4 |
| Non-cash charge for impairment of goodwill and intangible assets | 165.2 | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 88.5 | 30.9 |
| Inventories | (3.1) | 35.5 |
| Other assets | (7.6) | (5.4) |
| Accounts payable | 1.3 | (72.8) |
| Accrued expenses and other liabilities | (63.5) | (17.8) |
| Accrued income taxes | (29.1) | (7.6) |
| Net cash provided by operating activities | 95.5 | 70.7 |
| Investing activities | ||
| Additions to property, plant and equipment | (8.6) | (9.7) |
| Proceeds from the disposition of assets | 0.1 | 2.2 |
| Net cash used by investing activities | (8.5) | (7.5) |
| Financing activities | ||
| Proceeds from long-term borrowings | 96.1 | 121.9 |
| Repayments of long-term debt | (117.2) | (145.4) |
| Borrowings (repayments) of notes payable, net | 7.5 | (7.3) |
| Dividends paid | (21.5) | (21.4) |
| Repurchases of common stock | (12.5) | — |
| Payments related to tax withholding for stock-based compensation | (1.9) | (1.7) |
| Net cash used by financing activities | (49.5) | (53.9) |
| Effect of foreign exchange rate changes on cash and cash equivalents | (1.9) | 2.2 |
| Net increase in cash and cash equivalents | 35.6 | 11.5 |
| Cash and cash equivalents | ||
| Beginning of the period | $66.4 | $62.2 |
| End of the period | $102.0 | $73.7 |
| Cash paid during the year for: | ||
| Interest | $43.4 | $48.7 |
| Income taxes | $32.4 | $30.2 |
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