Enpro Inc
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
NPO$274.88-0.4%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
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| OPERATING ACTIVITIES OF CONTINUING OPERATIONS | |||
| Net income | $18.3 | $202.3 | $178.3 |
| Adjustments to reconcile net income to net cash provided by operating activities of continuing operations: | |||
| Income from discontinued operations, net of taxes | (11.4) | (198.4) | (121.0) |
| Taxes related to sale of discontinued operations | (3.3) | (25.8) | — |
| Depreciation | 24.5 | 25.5 | 18.2 |
| Amortization | 70.0 | 77.6 | 45.6 |
| Goodwill impairment | 60.8 | 65.2 | — |
| Loss (gain) on sale of businesses | (0.1) | 0.6 | (17.6) |
| Deferred income taxes | (7.7) | (14.0) | (5.5) |
| Stock-based compensation | 9.8 | 6.5 | 5.0 |
| Other non-cash adjustments | 4.7 | 6.2 | 1.8 |
| Change in assets and liabilities, net of effects of acquisitions and divestitures of businesses: | |||
| Accounts receivable, net | 21.6 | (0.1) | (16.9) |
| Inventories | 10.3 | (18.0) | (5.4) |
| Accounts payable | (5.2) | 1.5 | 9.9 |
| Income taxes, net | 24.2 | (14.6) | 17.7 |
| Other current assets and liabilities | (5.8) | (22.5) | 13.6 |
| Other non-current assets and liabilities | (2.3) | 14.1 | 0.4 |
| Net cash provided by operating activities of continuing operations | 208.4 | 106.1 | 124.1 |
| INVESTING ACTIVITIES OF CONTINUING OPERATIONS | |||
| Purchases of property, plant and equipment | (33.9) | (29.4) | (14.9) |
| Proceeds from sale of businesses | 25.9 | 301.9 | 224.3 |
| Payments for acquisitions, net of cash acquired | — | (31.2) | (856.8) |
| Receipt from settlement of derivative contract | — | 27.4 | — |
| Purchase of short-term investments | (35.8) | — | — |
| Redemption of short-term investments | 35.8 | — | — |
| Other | 0.6 | (0.1) | — |
| Net cash provided by (used in) investing activities of continuing operations | (7.4) | 268.6 | (647.4) |
| FINANCING ACTIVITIES OF CONTINUING OPERATIONS | |||
| Proceeds from debt | — | 61.0 | 715.0 |
| Repayments of debt, including premiums to par value | (145.1) | (398.0) | (79.0) |
| Issuance of common stock | — | — | 10.0 |
| Dividends paid | (24.3) | (23.4) | (22.4) |
| Other | (1.5) | (7.6) | (5.4) |
| Net cash provided by (used in) financing activities of continuing operations | (170.9) | (368.0) | 618.2 |
| CASH FLOWS OF DISCONTINUED OPERATIONS | |||
| Operating cash flows | (0.6) | 21.3 | 17.9 |
| Investing cash flows | — | (5.1) | (3.8) |
| Net cash provided by (used in) discontinued operations | (0.6) | 16.2 | 14.1 |
| Effect of exchange rate changes on cash and cash equivalents | 5.9 | (26.6) | (0.4) |
| Net increase (decrease) in cash and cash equivalents | 35.4 | (3.7) | 108.6 |
| Cash and cash equivalents at beginning of year | 334.4 | 338.1 | 229.5 |
| Cash and cash equivalents at end of year | $369.8 | $334.4 | $338.1 |
| Supplemental disclosures of cash flow information: | |||
| Cash paid during the year for: | |||
| Interest | $43.3 | $31.5 | $14.9 |
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| Income taxes, net of refunds received | $17.2 | $80.8 | $6.4 |
| Non-cash investing and financing activities | |||
| Non-cash acquisitions of property, plant and equipment | $0.2 | $0.7 | $0.7 |
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