Owens Corning
For the period ended Dec 31, 2024. Filed Feb 24, 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.
FY2024 · Filed Feb 24, 2025
OC$122.97-3.2%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
| Twelve Months Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| NET CASH FLOW PROVIDED BY OPERATING ACTIVITIES | |||
| Net earnings | $647 | $1,193 | $1,241 |
| Adjustments to reconcile net earnings to cash provided by operating activities | |||
| Depreciation and amortization | 677 | 609 | 531 |
| Loss on sale of business | 91 | — | — |
| Impairment due to strategic review | 483 | — | — |
| Deferred income taxes | (92) | 26 | 37 |
| Pension annuity settlement charge | — | 145 | — |
| Stock-based compensation expense | 93 | 51 | 51 |
| Intangible assets impairment charge | — | — | 96 |
| Gains on sale certain precious metals | (19) | (2) | (18) |
| Gain on equity method investment | — | — | (130) |
| Gain on sale of site | — | (189) | — |
| Net loss on sale of assets or affiliates | — | — | 36 |
| Other adjustments to reconcile net earnings to cash provided by operating activities | (15) | (44) | 4 |
| Change in operating assets and liabilities: | |||
| Changes in receivables, net | 6 | (26) | (14) |
| Changes in inventories | (43) | 148 | (287) |
| Changes in accounts payable and accrued liabilities | 13 | (158) | 363 |
| Changes in other operating assets and liabilities | 71 | 3 | (81) |
| Pension fund contribution | (7) | (18) | (8) |
| Payments for other employee benefits liabilities | (10) | (11) | (11) |
| Other | (3) | (8) | (50) |
| Net cash flow provided by operating activities | 1,892 | 1,719 | 1,760 |
| NET CASH FLOW USED BY INVESTING ACTIVITIES | |||
| Cash paid for property, plant and equipment | (647) | (526) | (446) |
| Derivative settlements | — | — | 44 |
| Proceeds from the sale of assets or affiliates | 115 | 194 | 212 |
| Investment in subsidiaries and affiliates, net of cash acquired | (2,857) | (6) | (417) |
| Other | (4) | (18) | (16) |
| Net cash flow used by investing activities | (3,393) | (356) | (623) |
| NET CASH FLOW PROVIDED (USED) BY FINANCING ACTIVITIES | |||
| Proceeds from senior revolving credit and receivables securitization facilities | 720 | — | — |
| Payments on senior revolving credit and receivables securitization facilities | (720) | — | — |
| Proceeds from term loan borrowing | 2,784 | — | — |
| Payments on term loan borrowing | (2,800) | — | — |
| Proceeds from long-term debt | 1,968 | — | — |
| Payments on long-term debt | (873) | — | — |
| Purchase of noncontrolling interest | — | — | (9) |
| Dividends paid | (208) | (188) | (136) |
| Purchases of treasury stock | (491) | (657) | (795) |
| Finance lease payments | (41) | (33) | (30) |
| Other | (5) | 1 | (4) |
| Net cash flow provided (used) by financing activities | 334 | (877) | (974) |
| Effect of exchange rate changes on cash | (87) | 30 | (22) |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (1,254) | 516 | 141 |
| Cash, cash equivalents and restricted cash at beginning of period | 1,623 | 1,107 | 966 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD | $369 | $1,623 | $1,107 |
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