Koppers Holdings Inc.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
KOP$29.61+1.0%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 Statement of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| (Dollars in millions) | |||
| Cash provided by (used in) operating activities: | |||
| Net income | $56.0 | $48.6 | $89.8 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 73.6 | 67.5 | 57.0 |
| Depreciation in impairment and restructuring | 19.7 | 4.4 | 0.0 |
| Stock-based compensation | 13.8 | 20.8 | 17.3 |
| Change in derivative contracts | (34.2) | 7.9 | (0.9) |
| Non-cash interest expense | 3.7 | 3.3 | 4.9 |
| (Gain) loss on sale of assets | (1.4) | 10.0 | (2.0) |
| Insurance proceeds | (2.2) | (1.0) | (1.7) |
| Pension settlement | 27.1 | 0.0 | 0.0 |
| Deferred income taxes | 11.3 | 2.8 | 5.7 |
| Change in other liabilities | 5.0 | (2.6) | 0.2 |
| Cloud-based software implementation costs, net | (5.6) | 0.0 | 0.0 |
| Other - net | (2.9) | 1.9 | 2.2 |
| Changes in working capital: | |||
| Accounts receivable | 30.9 | 8.1 | 14.9 |
| Inventories | 10.4 | (6.3) | (37.2) |
| Accounts payable | (57.2) | (19.4) | (0.4) |
| Accrued liabilities | (33.1) | (19.2) | (2.4) |
| Other working capital | 7.6 | (7.4) | (1.3) |
| Net cash provided by operating activities | 122.5 | 119.4 | 146.1 |
| Cash (used in) provided by investing activities: | |||
| Capital expenditures | (55.0) | (77.4) | (120.5) |
| Acquisitions | (20.7) | (99.3) | 0.0 |
| Insurance proceeds | 2.2 | 1.0 | 1.7 |
| Sale of assets | 5.2 | 2.4 | 2.8 |
| Sale of business and divestitures | 4.8 | 0.0 | 0.0 |
| Other investing activities | (9.2) | 0.0 | 0.0 |
| Net cash used in investing activities | (72.7) | (173.3) | (116.0) |
| Cash provided by (used in) financing activities: | |||
| Borrowings of credit facility | 558.3 | 706.5 | 1,032.5 |
| Repayments of credit facility | (566.1) | (712.1) | (896.4) |
| Borrowings of long-term debt | 0.0 | 100.0 | 388.0 |
| Repayments of long-term debt | (4.9) | (5.7) | (501.0) |
| Issuances of Common Stock | 1.4 | 5.3 | 9.9 |
| Repurchases of Common Stock | (38.2) | (50.8) | (20.1) |
| Payment of debt issuance costs | (2.6) | (1.6) | (5.3) |
| Dividends paid | (6.4) | (5.9) | (5.0) |
| Net cash (used in) provided by financing activities | (58.5) | 35.7 | 2.6 |
| Effect of exchange rate changes on cash | 2.8 | (4.4) | 0.5 |
| Net (decrease) increase in cash and cash equivalents | (5.9) | (22.6) | 33.2 |
| Cash and cash equivalents at beginning of period | 43.9 | 66.5 | 33.3 |
| Cash and cash equivalents at end of period | $38.0 | $43.9 | $66.5 |
| Supplemental disclosure of non-cash investing and financing activities: | |||
| Right-of-use assets obtained in exchange for new operating lease liabilities | $39.2 | $23.9 | $26.6 |
| Accrued capital expenditures | 1.7 | 2.2 | 5.6 |
| Non-cash consideration for sale of assets and acquisition | 0.6 | 2.7 | 0.0 |
| Supplemental disclosure - Cash paid during the year for: | |||
| Interest | $63.5 | $78.5 | $70.0 |
| Income taxes | 9.4 | 27.6 | 34.3 |
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