Celanese Corp
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 23, 2024
CE$48.93+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| (In $ millions) | |||
| Operating Activities | |||
| Net earnings (loss) | 1,964 | 1,902 | 1,896 |
| Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities | |||
| Asset impairments | 15 | 14 | 2 |
| Depreciation, amortization and accretion | 739 | 478 | 378 |
| Pension and postretirement net periodic benefit cost | 13 | (85) | (136) |
| Pension and postretirement contributions | (49) | (48) | (51) |
| Actuarial (gain) loss on pension and postretirement plans | 66 | 81 | 41 |
| Pension curtailments and settlements, net | 1 | — | 3 |
| Deferred income taxes, net | (967) | (835) | 13 |
| (Gain) loss on disposition of businesses and assets, net | (501) | (8) | (5) |
| Stock-based compensation | 40 | 60 | 95 |
| Undistributed earnings in unconsolidated affiliates | 55 | (3) | (34) |
| Other, net | 9 | 11 | 28 |
| Operating cash provided by (used in) discontinued operations | (2) | (28) | 15 |
| Changes in operating assets and liabilities | |||
| Trade receivables - third party and affiliates, net | 105 | 218 | (396) |
| Inventories | 398 | (253) | (367) |
| Other assets | 277 | (13) | (80) |
| Trade payables - third party and affiliates | 20 | (84) | 353 |
| Other liabilities | (284) | 412 | 2 |
| Net cash provided by (used in) operating activities | 1,899 | 1,819 | 1,757 |
| Investing Activities | |||
| Capital expenditures on property, plant and equipment | (568) | (543) | (467) |
| Acquisitions, net of cash acquired | 52 | (10,589) | (1,142) |
| Proceeds from sale of businesses and assets, net | 480 | 48 | 27 |
| Proceeds from sale of marketable securities | — | — | 516 |
| Other, net | (98) | (57) | (53) |
| Net cash provided by (used in) investing activities | (134) | (11,141) | (1,119) |
| Financing Activities | |||
| Net change in short-term borrowings with maturities of 3 months or less | (278) | 36 | 206 |
| Proceeds from short-term borrowings | 452 | 500 | — |
| Repayments of short-term borrowings | (603) | — | (6) |
| Proceeds from long-term debt | 3,001 | 10,769 | 990 |
| Repayments of long-term debt | (3,660) | (526) | (786) |
| Purchases of treasury stock, including related fees | — | (17) | (1,000) |
| Common stock dividends | (305) | (297) | (304) |
| Distributions/dividends to noncontrolling interests | (11) | (13) | (27) |
| Settlement of forward-starting interest rate swaps | — | — | (72) |
| Issuance cost of bridge facility | — | (63) | — |
| Other, net | (52) | (99) | (43) |
| Net cash provided by (used in) financing activities | (1,456) | 10,290 | (1,042) |
| Exchange rate effects on cash and cash equivalents | (12) | 4 | (15) |
| Net increase (decrease) in cash and cash equivalents | 297 | 972 | (419) |
| Cash and cash equivalents as of beginning of period | 1,508 | 536 | 955 |
| Cash and cash equivalents as of end of period | 1,805 | 1,508 | 536 |
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