HYSTER-YALE MATERIALS HANDLING INC
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
HY$27.98-3.9%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 F-
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31 | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| (In millions) | |||
| Operating Activities | |||
| Net income (loss) | $128.1 | $(71.6) | $(183.2) |
| Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities: | |||
| Depreciation and amortization | 45.1 | 43.4 | 46.2 |
| Amortization of deferred financing fees | 1.4 | 1.4 | 3.1 |
| Deferred income taxes | (1.1) | (0.1) | 19.8 |
| Goodwill impairment charges | — | — | 55.6 |
| Long-lived asset impairment charges | — | — | 10.0 |
| Stock-based compensation | 29.3 | 6.4 | 4.0 |
| Dividends from unconsolidated affiliates | 10.5 | 15.6 | 5.5 |
| Other non-current liabilities | 15.1 | (20.1) | (1.4) |
| Other | 20.7 | 26.0 | (32.3) |
| Working capital changes: | |||
| Accounts receivable | 26.8 | (89.5) | (54.6) |
| Inventories | (4.3) | (39.1) | (289.7) |
| Other current assets | (8.4) | (5.4) | (12.5) |
| Accounts payable | (81.4) | 78.7 | 129.5 |
| Other liabilities | (31.1) | 94.9 | 46.5 |
| Net cash provided by (used for) operating activities | 150.7 | 40.6 | (253.5) |
| Investing Activities | |||
| Expenditures for property, plant and equipment | (35.4) | (28.8) | (44.3) |
| Purchase of noncontrolling interest | (3.2) | (8.4) | — |
| Proceeds from the sale of assets | 1.9 | 1.3 | 4.1 |
| Proceeds from the sale of businesses | 1.1 | — | — |
| Proceeds from the sale of investments | 1.1 | 0.5 | 15.7 |
| Net cash used for investing activities | (34.5) | (35.4) | (24.5) |
| Financing Activities | |||
| Additions to long-term debt | 138.8 | 135.0 | 119.6 |
| Reductions of long-term debt | (161.1) | (97.6) | (62.0) |
| Net additions (reductions) to revolving credit agreements | (53.7) | (26.3) | 165.4 |
| Cash dividends paid | (22.3) | (21.8) | (21.6) |
| Cash dividends paid to noncontrolling interest | (1.3) | (0.2) | (0.2) |
| Financing fees paid | (0.8) | — | (7.6) |
| Other | (0.1) | — | — |
| Net cash provided by (used for) financing activities | (100.5) | (10.9) | 193.6 |
| Effect of exchange rate changes on cash | 4.1 | (0.8) | (1.5) |
| Cash and Cash Equivalents | |||
| Increase (decrease) for the year | 19.8 | (6.5) | (85.9) |
| Balance at the beginning of the year | 59.0 | 65.5 | 151.4 |
| Balance at the end of the year | $78.8 | $59.0 | $65.5 |
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