TEMPUR SEALY INTERNATIONAL INC
For the period ended Sep 30, 2024. Filed Nov 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.
Sep 30, 2024 · Filed Nov 7, 2024
SGI$62.78-5.3%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended | ||
|---|---|---|
| September 30, | ||
| 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income before non-controlling interest | $313.1 | $293.0 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 121.9 | 99.6 |
| Amortization of stock-based compensation | 27.3 | 35.9 |
| Amortization of deferred financing costs | 2.8 | 2.9 |
| Bad debt expense | 9.9 | 7.1 |
| Deferred income taxes | 0.6 | 0.5 |
| Dividends received from unconsolidated affiliates | 23.4 | 18.1 |
| Equity income in earnings of unconsolidated affiliates | (10.5) | (13.4) |
| Foreign currency adjustments and other | 0.9 | (1.9) |
| Changes in operating assets and liabilities | 48.0 | 37.4 |
| Net cash provided by operating activities | 537.4 | 479.2 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchases of property, plant and equipment | (76.4) | (153.3) |
| Other | 0.5 | 0.5 |
| Net cash used in investing activities | (75.9) | (152.8) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from borrowings under long-term debt obligations | 1,165.3 | 1,491.5 |
| Repayments of borrowings under long-term debt obligations | (1,472.6) | (1,689.9) |
| Proceeds from exercise of stock options | 0.3 | 2.8 |
| Treasury stock repurchased | (43.8) | (36.0) |
| Dividends paid | (70.1) | (58.8) |
| Repayments of finance lease obligations and other | (14.8) | (12.8) |
| Net cash used in financing activities | (435.7) | (303.2) |
| NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | 3.5 | (1.0) |
| Increase in cash and cash equivalents | 29.3 | 22.2 |
| CASH AND CASH EQUIVALENTS, beginning of period | 74.9 | 69.4 |
| CASH AND CASH EQUIVALENTS, end of period | $104.2 | $91.6 |
| Supplemental cash flow information: | ||
| Cash paid during the period for: | ||
| Interest | $89.8 | $92.2 |
| Income taxes, net of refunds | $80.1 | $84.4 |
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