CABOT CORP
For the period ended Sep 30, 2024. Filed Nov 20, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Nov 20, 2024
CBT$72.19+0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATE MENTS OF CASH FLOWS
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| (In millions) | |||
| Cash Flows from Operating Activities: | |||
| Net income (loss) | $424 | $484 | $243 |
| Adjustments to reconcile net income (loss) to cash provided by operating activities: | |||
| Depreciation and amortization | 151 | 144 | 146 |
| Loss on sale of a business and asset impairment charge | — | 3 | 207 |
| Gain on bargain purchase of a business | — | — | (24) |
| Gain on sale of land | — | (1) | (17) |
| Deferred tax provision (benefit) | (37) | (156) | (40) |
| Employee benefit plan settlement | — | — | (1) |
| Equity in net income of affiliated companies | (6) | (5) | (10) |
| Share-based compensation | 25 | 20 | 23 |
| Other non-cash (income) expense | 63 | 4 | 20 |
| Cash dividends received from equity affiliates | 2 | 2 | 1 |
| Changes in assets and liabilities: | |||
| Accounts and notes receivable | (26) | 153 | (287) |
| Inventories | 41 | 96 | (259) |
| Prepaid expenses and other assets | 2 | 1 | (25) |
| Accounts payable and accrued liabilities | 42 | (152) | 115 |
| Income taxes payable | 3 | (4) | 15 |
| Other liabilities | 8 | 6 | (7) |
| Cash provided by operating activities | 692 | 595 | 100 |
| Cash Flows from Investing Activities: | |||
| Additions to property, plant and equipment | (241) | (244) | (211) |
| Proceeds from sale of a business | — | 6 | 79 |
| Cash paid for acquisition of business, net of cash acquired of $—, $— and $5 | — | — | (9) |
| Proceeds from sale of land | — | 7 | 18 |
| Proceeds from insurance settlements | — | 12 | 1 |
| Other | 6 | 5 | 4 |
| Cash used in investing activities | (235) | (214) | (118) |
| Cash Flows from Financing Activities: | |||
| Proceeds from short-term borrowings | — | 24 | 26 |
| Repayments of short-term borrowings | (1) | (48) | — |
| Proceeds from issuance of (repayments of) commercial paper, net | (127) | (149) | 250 |
| Proceeds from long-term debt, net of issuance costs | 15 | 84 | 394 |
| Repayments of long-term debt | (30) | (90) | (372) |
| Purchases of common stock | (172) | (98) | (53) |
| Proceeds from sales of common stock | 20 | 4 | 6 |
| Cash dividends paid to noncontrolling interests | (27) | (42) | (22) |
| Cash dividends paid to common stockholders | (93) | (88) | (84) |
| Cash provided by (used in) financing activities | (415) | (403) | 145 |
| Effects of exchange rate changes on cash | (57) | 54 | (91) |
| Increase (decrease) in cash, cash equivalents | (15) | 32 | 36 |
| Cash, cash equivalents at beginning of year | 238 | 206 | 170 |
| Cash, cash equivalents at end of year | $223 | $238 | $206 |
| Non-cash investing activities and supplemental cash flow information: | |||
| Additions to property, plant and equipment included in Accounts payable and accrued liabilities | $50 | $41 | $24 |
| Income taxes paid | $136 | $140 | $129 |
| Interest paid | $82 | $85 | $46 |
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