KBR INC
For the period ended Sep 27, 2024. Filed Oct 23, 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 27, 2024 · Filed Oct 23, 2024
KBR$38.90+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(In millions)
| Nine Months Ended | ||
|---|---|---|
| September 27, | September 29, | |
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $303 | $(282) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Charges associated with Convertible Notes | — | 428 |
| Depreciation and amortization | 112 | 104 |
| Equity in earnings of unconsolidated affiliates | (97) | (78) |
| Deferred income tax | 23 | 24 |
| Other | 24 | 31 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net of allowance for credit losses | (3) | (74) |
| Contract assets | (32) | 43 |
| Accounts payable | 94 | 46 |
| Contract liabilities | 10 | 67 |
| Accrued salaries, wages and benefits | 32 | (8) |
| Payments on operating lease obligation | (52) | (50) |
| Payments from unconsolidated affiliates, net | 5 | 13 |
| Distributions of earnings from unconsolidated affiliates | 123 | 58 |
| Pension funding | (30) | (9) |
| Other assets and liabilities | (90) | (65) |
| Total cash flows provided by operating activities | $422 | $248 |
| Cash flows from investing activities: | ||
| Purchases of property, plant and equipment | $(54) | $(60) |
| Proceeds from sale of assets or investments | 6 | — |
| Return of (investments in) equity method joint ventures, net | 36 | 61 |
| Acquisition of business, net of cash acquired | (739) | — |
| Funding in other investment | (5) | (39) |
| Other | 5 | (5) |
| Total cash flows used in investing activities | $(751) | $(43) |
| Cash flows from financing activities: | ||
| Borrowings on long-term debt | $574 | $— |
| Borrowings on Revolver | 343 | 430 |
| Payments on short-term and long-term debt | (81) | (12) |
| Payments on Revolver | (63) | (270) |
| Payments on settlement of warrants | (33) | (101) |
| Proceeds from the settlement of note hedge | — | 150 |
| Payments to settle Convertible Notes | — | (250) |
| Debt issuance costs | (18) | (1) |
| Payments of dividends to shareholders | (59) | (53) |
| Acquisition of noncontrolling interest | (10) | — |
| Payments to reacquire common stock | (167) | (137) |
| Other | (11) | (6) |
| Total cash flows provided by (used in) financing activities | $475 | $(250) |
| Effect of exchange rate changes on cash | 12 | 4 |
| Increase (decrease) in cash and cash equivalents | 158 | (41) |
| Cash and cash equivalents at beginning of period | 304 | 389 |
| Cash and cash equivalents at end of period | $462 | $348 |
| Supplemental disclosure of cash flows information: | ||
| Noncash financing activities | ||
| Dividends declared | $20 | $19 |
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