CORE MOLDING TECHNOLOGIES INC
For the period ended Mar 31, 2024. Filed May 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.
Mar 31, 2024 · Filed May 7, 2024
CMT$22.63+1.1%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
(In thousands)
| Three months endedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income | $3,759 | $5,852 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 3,292 | 3,410 |
| Loss on disposal of property, plant and equipment | — | 80 |
| Share-based compensation | 739 | 731 |
| Losses (Gain) on foreign currency remeasurement | (214) | 81 |
| Change in operating assets and liabilities: | ||
| Accounts receivable | 1,629 | (8,240) |
| Inventories | (1,798) | (1,139) |
| Prepaid and other assets | 1,908 | (450) |
| Accounts payable | 280 | 4,209 |
| Accrued and other liabilities | (4,254) | 324 |
| Post-retirement benefits liability | (269) | (211) |
| Net cash provided by operating activities | 5,072 | 4,647 |
| Cash flows from investing activities: | ||
| Purchase of property, plant and equipment | (1,893) | (2,127) |
| Net cash used in investing activities | (1,893) | (2,127) |
| Cash flows from financing activities: | ||
| Gross repayments on revolving line of credit | — | (35,369) |
| Gross borrowings on revolving line of credit | — | 33,505 |
| Payments for taxes related to net share settlement of equity awards | (343) | (23) |
| Payment of principal on term loans | (322) | (324) |
| Net cash used in financing activities | (665) | (2,211) |
| Net change in cash and cash equivalents | 2,514 | 309 |
| Cash and cash equivalents at beginning of period | 24,104 | 4,183 |
| Cash and cash equivalents at end of period | $26,618 | $4,492 |
| Cash paid for: | ||
| Interest | $291 | $345 |
| Income taxes | $326 | $1,931 |
| Non-cash investing activities: | ||
| Fixed asset purchases in accounts payable | $489 | $262 |
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