KBR INC
For the period ended Jan 3, 2025. Filed Feb 25, 2025.
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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.
FY2025 · Filed Feb 25, 2025
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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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Year Ended, | |||
|---|---|---|---|
| January 3, 2025 | December 29, 2023 | December 31, 2022 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $381 | $(261) | $192 |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | |||
| Charges associated with Convertible Notes | — | 494 | — |
| Depreciation and amortization | 156 | 141 | 137 |
| Equity in (earnings) losses of unconsolidated affiliates | (107) | (114) | 80 |
| Deferred income tax expense | 1 | 14 | 37 |
| Loss (gain) on disposition of assets | (7) | 7 | (19) |
| Gain on other investment | — | — | (16) |
| Other | 41 | 46 | 33 |
| Changes in operating assets and liabilities, net of acquired businesses: | |||
| Accounts receivable, net of allowance for credit losses | (1) | (32) | 455 |
| Contract assets | (96) | 44 | (30) |
| Accounts payable | 148 | (49) | (376) |
| Contract liabilities | (27) | 82 | (25) |
| Accrued salaries, wages and benefits | (6) | 22 | 16 |
| Payments on operating lease liabilities | (71) | (65) | (63) |
| Payments from unconsolidated affiliates, net | 9 | 18 | 14 |
| Distributions of earnings from unconsolidated affiliates | 163 | 74 | 66 |
| Pension funding | (62) | (9) | (74) |
| Other assets and liabilities | (60) | (81) | (31) |
| Total cash flows provided by operating activities | $462 | $331 | $396 |
| Cash flows from investing activities: | |||
| Purchases of property, plant and equipment | $(77) | $(80) | $(71) |
| Net proceeds from sale of assets or investments | 7 | — | 47 |
| Return of equity method investments, net | 36 | 60 | 198 |
| Acquisitions of businesses, net of cash acquired | (738) | — | (73) |
| Funding in other investment | (5) | (39) | (61) |
| Other | 1 | (11) | (3) |
| Total cash flows (used in) provided by investing activities | $(776) | $(70) | $37 |
| Cash flows from financing activities: | |||
| Borrowings on short-term and long-term debt | $574 | $— | $— |
| Borrowings on Revolver | 393 | 785 | 58 |
| Payments on short-term and long-term debt | (124) | (17) | (16) |
| Payments on Revolver | (98) | (340) | (158) |
| Payments on settlement of warrants | (33) | (217) | — |
| Proceeds from the settlement of note hedge | — | 493 | — |
| Payments to settle Convertible Notes | — | (843) | — |
| Debt issuance costs | (18) | — | (6) |
| Payments of dividends to shareholders | (79) | (72) | (66) |
| Payments to reacquire common stock | (218) | (138) | (203) |
| Acquisition of noncontrolling interest | (10) | — | — |
| Other | (13) | (10) | (8) |
| Total cash flows provided by (used in) financing activities | $374 | $(359) | $(399) |
| Effect of exchange rate changes on cash | (14) | 13 | (15) |
| Increase (decrease) in cash and cash equivalents | 46 | (85) | 19 |
| Cash and equivalents at beginning of period | 304 | 389 | 370 |
| Cash and equivalents at end of period | $350 | $304 | $389 |
| Supplemental disclosure of cash flows information: | |||
| Cash paid for interest | $124 | $102 | $66 |
| Cash paid for income taxes (net of refunds) | $82 | $52 | $47 |
| Noncash financing activities | |||
| Dividends declared | $20 | $18 | $16 |
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