KBR, INC.
For the period ended Oct 3, 2025. Filed Oct 30, 2025.
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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.
Oct 3, 2025 · Filed Oct 30, 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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Condensed Consolidated Statements of Cash Flows
(In millions) (Unaudited)
| Nine Months Ended | ||
|---|---|---|
| October 3, 2025 | September 27, 2024 | |
| Cash flows from operating activities: | ||
| Net income | $290 | $303 |
| Less: Net (income) loss from discontinued operations, net of tax | 55 | (1) |
| Net income from continuing operations | 345 | 302 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 129 | 112 |
| Equity in earnings of unconsolidated affiliates | (163) | (97) |
| Deferred income tax | 50 | 23 |
| Gain on disposition of assets | (2) | (6) |
| Other | — | (4) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net of allowance for credit losses | (40) | (3) |
| Contract assets | 29 | (30) |
| Accounts payable | (52) | 94 |
| Contract liabilities | (1) | 9 |
| Accrued salaries, wages and benefits | 41 | 31 |
| Payments on operating lease obligation | (62) | (52) |
| Payments from unconsolidated affiliates, net | 10 | 5 |
| Distributions of earnings from unconsolidated affiliates | 163 | 123 |
| Pension funding | (2) | (30) |
| Other assets and liabilities | 61 | (68) |
| Total cash flows provided by operating activities - continuing operations | $506 | $409 |
| Cash flows from investing activities: | ||
| Purchases of property, plant and equipment | $(24) | $(36) |
| Proceeds from sale of assets or investments | 2 | 6 |
| Return of equity method investments, net | 82 | 36 |
| Acquisition of businesses, net of cash acquired | (13) | (739) |
| Funding in other investment | — | (5) |
| Other | — | 5 |
| Total cash flows provided by (used in) investing activities - continuing operations | $47 | $(733) |
| Cash flows from financing activities: | ||
| Borrowings on long-term debt | $— | $574 |
| Borrowings on Revolver | 555 | 343 |
| Payments on short-term and long-term debt | (27) | (81) |
| Payments on Revolver | (505) | (63) |
| Payments to repurchase common stock | (304) | (167) |
| Payments on settlement of warrants | — | (33) |
| Debt Issuance Costs | — | (18) |
| Acquisition of noncontrolling interest | — | (10) |
| Payments of dividends to shareholders | (63) | (59) |
| Other | (6) | (11) |
| Total cash flows provided by (used in) financing activities - continuing operations | $(350) | $475 |
| Total operating cash flows from discontinued operations | (31) | 13 |
| Total investing cash flows from discontinued operations | (12) | (18) |
| Total financing cash flows from discontinued operations | 10 | — |
| Total cash flows from discontinued operations | $(33) | $(5) |
| Effect of exchange rate changes on cash | 19 | 12 |
| Increase in cash and cash equivalents | 189 | 158 |
| Cash and cash equivalents at beginning of period | 350 | 304 |
| Cash and cash equivalents at end of period | $539 | $462 |
| Less: cash and cash equivalents of discontinued operations | — | 16 |
| Cash and cash equivalents at end of period for continuing operations | $539 | $446 |
| Supplemental disclosure of cash flows information: | ||
| Noncash financing activities | ||
| Dividends declared | $21 | $20 |
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