HYSTER-YALE INC
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
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FY2024 · Filed Feb 25, 2025
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 | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| (In millions) | |||
| Operating Activities | |||
| Net Income (Loss) | $144.2 | $128.1 | $(71.6) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 47.6 | 45.1 | 43.4 |
| Amortization of deferred financing fees | 1.5 | 1.4 | 1.4 |
| Deferred income taxes | (8.2) | (1.1) | (0.1) |
| Restructuring and impairment charges | 22.6 | — | — |
| Stock-based compensation | 23.6 | 29.3 | 6.4 |
| Dividends from unconsolidated affiliates | 4.4 | 10.5 | 15.6 |
| Other non-current liabilities | 13.8 | 15.1 | (20.1) |
| Other | 18.9 | 20.7 | 26.0 |
| Working capital changes: | |||
| Accounts receivable | (14.2) | 26.8 | (89.5) |
| Inventories | 35.3 | (4.3) | (39.1) |
| Other current assets | 2.8 | (8.4) | (5.4) |
| Accounts payable | (55.9) | (81.4) | 78.7 |
| Other liabilities | (65.7) | (31.1) | 94.9 |
| Net cash provided by operating activities | 170.7 | 150.7 | 40.6 |
| Investing Activities | |||
| Expenditures for property, plant and equipment | (47.8) | (35.4) | (28.8) |
| Purchase of noncontrolling interest | — | (3.2) | (8.4) |
| Proceeds from the sale of assets | 1.8 | 1.9 | 1.3 |
| Proceeds from the sale of businesses | 0.6 | 1.1 | — |
| Business acquisition, net of cash acquired | (2.2) | — | — |
| Proceeds from the sale of investments | — | 1.1 | 0.5 |
| Net cash used for investing activities | (47.6) | (34.5) | (35.4) |
| Financing Activities | |||
| Additions to long-term debt | 168.9 | 138.8 | 135.0 |
| Reductions of long-term debt | (198.5) | (161.1) | (97.6) |
| Net changes to revolving credit agreements | (31.2) | (53.7) | (26.3) |
| Cash dividends paid | (24.0) | (22.3) | (21.8) |
| Cash dividends paid to noncontrolling interest | (1.3) | (1.3) | (0.2) |
| Financing fees paid | — | (0.8) | — |
| Purchase of treasury stock | (14.0) | — | — |
| Other | — | (0.1) | — |
| Net cash used for financing activities | (100.1) | (100.5) | (10.9) |
| Effect of exchange rate changes on cash | (5.2) | 4.1 | (0.8) |
| Cash and Cash Equivalents | |||
| Increase (decrease) for the year | 17.8 | 19.8 | (6.5) |
| Balance at the beginning of the year | 78.8 | 59.0 | 65.5 |
| Balance at the end of the year | $96.6 | $78.8 | $59.0 |
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