MYERS INDUSTRIES INC
For the period ended Dec 31, 2024. Filed Mar 6, 2025.
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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 Mar 6, 2025
MYE$27.97-1.0%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statem ents of Cash Flows
For the Years Ended December 31, 2024, 2023 and 2022
| For the Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash Flows From Operating Activities | |||
| Net income | $7,201 | $48,867 | $60,267 |
| Adjustments to reconcile net income to net cash provided by (used for) operating activities | |||
| Depreciation and amortization | 38,593 | 22,786 | 21,216 |
| Amortization of deferred financing costs | 1,917 | 313 | 441 |
| Amortization of acquisition-related inventory step-up | 4,457 | — | — |
| Non-cash stock-based compensation expense | 1,660 | 6,671 | 7,436 |
| (Gain) loss on disposal of fixed assets | 201 | (195) | (667) |
| Impairment charges | 22,016 | — | — |
| Deferred taxes | (6,048) | 1,039 | 2,072 |
| Other | (297) | 944 | 1,520 |
| Cash flows provided by (used for) working capital | |||
| Accounts receivable - trade and other, net | 26,822 | 2,656 | (23,625) |
| Inventories | 6,227 | 2,630 | 7,955 |
| Prepaid expenses and other current assets | (525) | 151 | (1,409) |
| Accounts payable and accrued expenses | (22,932) | 310 | (2,585) |
| Net cash provided by (used for) operating activities | 79,292 | 86,172 | 72,621 |
| Cash Flows From Investing Activities | |||
| Capital expenditures | (24,435) | (22,855) | (24,292) |
| Acquisition of business, net of cash acquired | (348,312) | (160) | (27,626) |
| Proceeds from sale of property, plant and equipment | 242 | 258 | 1,537 |
| Net cash provided by (used for) investing activities | (372,505) | (22,757) | (50,381) |
| Cash Flows From Financing Activities | |||
| Borrowings on revolving credit facility | 466,400 | 740,000 | 1,264,200 |
| Repayments on revolving credit facility | (486,400) | (776,000) | (1,261,200) |
| Proceeds from Term Loan A | 400,000 | — | — |
| Repayments of Term Loan A | (18,000) | — | — |
| Repayments of senior unsecured notes | (38,000) | — | — |
| Payments on finance lease | (593) | (542) | (500) |
| Cash dividends paid | (20,432) | (20,240) | (19,797) |
| Proceeds from issuance of common stock | 3,342 | 2,338 | 2,320 |
| Shares withheld for employee taxes on equity awards | (2,050) | (2,072) | (451) |
| Deferred financing fees | (9,172) | — | (889) |
| Net cash provided by (used for) financing activities | 295,095 | (56,516) | (16,317) |
| Foreign exchange rate effect on cash | 50 | 252 | (439) |
| Net increase (decrease) in cash | 1,932 | 7,151 | 5,484 |
| Cash at January 1 | 30,290 | 23,139 | 17,655 |
| Cash at December 31 | $32,222 | $30,290 | $23,139 |
| Supplemental Disclosures of Cash Flow Information | |||
| Cash paid during the year for: | |||
| Interest | $31,653 | $5,980 | $4,574 |
| Income taxes | $13,036 | $13,451 | $13,023 |
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