INNOSPEC INC
For the period ended Sep 30, 2024. Filed Nov 6, 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 6, 2024
IOSP$77.72-3.1%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| (in millions) | 2024 | 2023 |
| Cash Flows from Operating Activities | ||
| Net income | $106.0 | $101.3 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 32.6 | 29.1 |
| Adjustment to fair value of contingent consideration | 2.1 | 0.0 |
| Deferred taxes | 0.6 | 0.5 |
| Profit on disposal of property, plant and equipment | (0.2) | 0.0 |
| Non-cash movements on defined benefit pension plans | (2.5) | (2.5) |
| Stock option compensation | 6.4 | 5.9 |
| Changes in assets and liabilities, net of effects of acquired and divested companies: | ||
| Trade and other accounts receivable | 33.5 | 29.5 |
| Inventories | (17.6) | 42.0 |
| Prepaid expenses | 9.6 | 6.5 |
| Accounts payable and accrued liabilities | (13.6) | (57.2) |
| Plant closure provisions | — | (1.2) |
| Income taxes | 1.5 | (20.2) |
| Unrecognized tax benefits | (3.8) | 0.7 |
| Other assets and liabilities | 4.2 | 0.5 |
| Net cash provided by operating activities | 158.8 | 134.9 |
| Cash Flows from Investing Activities | ||
| Capital expenditures | (29.3) | (45.2) |
| Internally developed software | (12.2) | (10.8) |
| Business combinations, net of cash acquired | (0.2) | — |
| Proceeds on disposal of property, plant and equipment | 0.3 | — |
| Net cash used in investing activities | (41.4) | (56.0) |
| Cash Flows from Financing Activities | ||
| Non-controlling interest | 1.7 | 0.3 |
| Refinancing costs | (0.3) | (1.4) |
| Dividend paid | (19.0) | (17.2) |
| Issue of treasury stock | 0.8 | 0.7 |
| Repurchase of common stock | (0.7) | (1.0) |
| Net cash used in financing activities | (17.5) | (18.6) |
| Effect of foreign currency exchange rate changes on cash | 0.2 | (0.2) |
| Net change in cash and cash equivalents | 100.1 | 60.1 |
| Cash and cash equivalents at beginning of period | 203.7 | 147.1 |
| Cash and cash equivalents at end of period | $303.8 | $207.2 |
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