ACCO BRANDS Corp
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
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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Item 8. Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| (in millions) | 2024 | 2023 | 2022 |
| Operating activities | |||
| Net loss | $(101.6) | $(21.8) | $(13.2) |
| Payments of contingent consideration | — | — | (9.2) |
| Gain on disposal of assets | (1.8) | (0.3) | (3.6) |
| Deferred income tax benefit | (6.9) | (20.1) | 1.3 |
| Change in fair value of contingent liability | — | — | (9.0) |
| Depreciation | 28.4 | 32.7 | 37.9 |
| Amortization of debt issuance costs | 2.8 | 3.0 | 2.7 |
| Amortization of intangibles | 44.7 | 43.4 | 41.5 |
| Stock-based compensation | 11.9 | 14.8 | 9.5 |
| Loss on debt extinguishment | 1.0 | — | — |
| Non-cash charge for impairment of goodwill and intangible assets | 165.2 | 89.5 | 98.7 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 43.3 | (38.6) | 31.6 |
| Inventories | 38.3 | 85.5 | 23.2 |
| Other assets | (9.0) | 5.9 | 0.4 |
| Accounts payable | (6.3) | (68.0) | (66.0) |
| Accrued expenses and other liabilities | (41.5) | 18.2 | (57.5) |
| Accrued income taxes | (20.3) | (15.5) | (10.7) |
| Net cash provided by operating activities | 148.2 | 128.7 | 77.6 |
| Investing activities | |||
| Additions to property, plant and equipment | (15.9) | (13.8) | (16.5) |
| Proceeds from the disposition of assets | 3.6 | 2.6 | 7.2 |
| Net cash used by investing activities | (12.3) | (11.2) | (9.3) |
| Financing activities | |||
| Proceeds from long-term borrowings | 207.0 | 121.9 | 236.7 |
| Repayments of long-term debt | (292.5) | (199.2) | (220.5) |
| Borrowings (repayments) of notes payable, net | 10.8 | (10.2) | 0.7 |
| Payments for debt issuance costs | (2.5) | — | (1.2) |
| Dividends paid | (28.4) | (28.5) | (28.6) |
| Payments of contingent consideration | — | — | (17.8) |
| Repurchases of common stock | (15.0) | — | (19.4) |
| Payments related to tax withholding for stock-based compensation | (2.0) | (1.7) | (2.5) |
| Proceeds from the exercise of stock options | — | — | 4.3 |
| Net cash used by financing activities | (122.6) | (117.7) | (48.3) |
| Effect of foreign exchange rate changes on cash and cash equivalents | (5.6) | 4.4 | 1.0 |
| Net increase in cash and cash equivalents | 7.7 | 4.2 | 21.0 |
| Cash and cash equivalents | |||
| Beginning of the period | $66.4 | $62.2 | $41.2 |
| End of the period | $74.1 | $66.4 | $62.2 |
| Cash paid during the year for: | |||
| Interest | $49.4 | $55.6 | $42.6 |
| Income taxes | $41.6 | $44.3 | $37.5 |
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