Metallus Inc
For the period ended Sep 30, 2024. Filed Nov 7, 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 7, 2024
MTUS$17.52+0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows (Unaudited)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| (Dollars in millions) | ||
| CASH PROVIDED (USED) | ||
| Operating Activities | ||
| Net income (loss) | $22.7 | $68.1 |
| Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities: | ||
| Depreciation and amortization | 40.4 | 42.8 |
| Amortization of deferred financing fees | 0.4 | 0.4 |
| Loss on extinguishment of debt | — | 11.4 |
| Loss (gain) on sale or disposal of assets, net | 0.4 | (2.8) |
| Deferred income taxes | — | 0.7 |
| Stock-based compensation expense | 10.5 | 8.5 |
| Pension and postretirement (benefit) expense, net | 5.1 | 6.4 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | 7.5 | (56.1) |
| Inventories, net | 9.2 | (62.7) |
| Accounts payable | (16.4) | 34.1 |
| Other accrued expenses | (19.9) | (9.7) |
| Pension and postretirement contributions and payments | (38.0) | (2.4) |
| Deferred charges and prepaid expenses | (7.5) | (5.0) |
| Other, net | 12.0 | 17.5 |
| Net Cash Provided (Used) by Operating Activities | 26.4 | 51.2 |
| Investing Activities | ||
| Capital expenditures | (49.1) | (36.2) |
| Proceeds from government funding | 45.5 | — |
| Proceeds from disposals of property, plant and equipment | — | 1.7 |
| Net Cash Provided (Used) by Investing Activities | (3.6) | (34.5) |
| Financing Activities | ||
| Purchase of treasury shares | (34.1) | (28.5) |
| Proceeds from exercise of stock options | 1.4 | 2.4 |
| Shares surrendered for employee taxes on stock compensation | (15.5) | (3.4) |
| Repayments on convertible notes | — | (18.7) |
| Net Cash Provided (Used) by Financing Activities | (48.2) | (48.2) |
| Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash | (25.4) | (31.5) |
| Cash, cash equivalents, and restricted cash at beginning of period | 281.3 | 257.8 |
| Cash, Cash Equivalents, and Restricted Cash at End of Period | $255.9 | $226.3 |
| The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Consolidated Balance Sheets that sum to the total of the same such amounts shown in the Consolidated Statements of Cash Flows: | ||
| Cash and cash equivalents | $254.6 | $225.4 |
| Restricted cash reported in other current assets | 1.3 | 0.9 |
| Total cash, cash equivalents, and restricted cash shown in the Consolidated Statements of Cash Flows | $255.9 | $226.3 |
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