Sensata Technologies Holding plc
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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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.
FY2023 · Filed Feb 29, 2024
ST$40.35-0.7%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| For the year ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Cash flows from operating activities: | |||
| Net (loss)/income | $(3,909) | $310,685 | $363,580 |
| Adjustments to reconcile net (loss)/income to net cash provided by operating activities: | |||
| Depreciation | 133,105 | 127,184 | 124,959 |
| Amortization of debt issuance costs | 6,772 | 6,969 | 6,858 |
| Goodwill impairment charge | 321,700 | — | — |
| Gain on sale of business | (5,877) | (135,112) | — |
| Share-based compensation | 29,994 | 31,791 | 25,663 |
| Loss on debt financing | 1,413 | 5,468 | 30,066 |
| Amortization of intangible assets | 173,860 | 153,787 | 134,129 |
| Deferred income taxes | (54,159) | (781) | (5,270) |
| Loss on equity investments, net | 711 | 75,569 | — |
| Unrealized loss on derivative instruments and other | 35,986 | 34,309 | 13,837 |
| Changes in operating assets and liabilities, net of the effects of acquisitions: | |||
| Accounts receivable, net | 2,861 | (108,992) | (48,106) |
| Inventories | (70,155) | (44,362) | (119,961) |
| Prepaid expenses and other current assets | 13,943 | (16,961) | 6,624 |
| Accounts payable and accrued expenses | (80,712) | 40,930 | 35,333 |
| Income taxes payable | (12,119) | 17,490 | 8,602 |
| Other | (14,119) | (13,881) | (6,533) |
| Acquisition-related compensation payments | (22,620) | (23,500) | (15,630) |
| Net cash provided by operating activities | 456,675 | 460,593 | 554,151 |
| Cash flows from investing activities: | |||
| Acquisitions, net of cash received | — | (631,516) | (736,077) |
| Additions to property, plant and equipment and capitalized software | (184,609) | (150,064) | (144,403) |
| Investment in debt and equity securities | (390) | (7,983) | (5,533) |
| Proceeds from sale of business, net of cash sold | 19,000 | 198,841 | — |
| Other | 994 | 152 | 3,919 |
| Net cash used in investing activities | (165,005) | (590,570) | (882,094) |
| Cash flows from financing activities: | |||
| Proceeds from exercise of stock options and issuance of ordinary shares | 5,346 | 22,803 | 26,290 |
| Payment of employee restricted stock tax withholdings | (12,280) | (8,525) | (9,048) |
| Proceeds from borrowings on debt | — | 500,000 | 1,001,875 |
| Payments on debt | (848,897) | (510,701) | (763,263) |
| Dividends paid | (71,543) | (51,072) | — |
| Payments to repurchase ordinary shares | (88,398) | (292,274) | (47,843) |
| Payments of debt financing costs | (787) | (13,691) | (33,093) |
| Net cash (used in)/provided by financing activities | (1,016,559) | (353,460) | 174,918 |
| Effect of exchange rate changes on cash and cash equivalents | 7,475 | — | — |
| Net change in cash and cash equivalents | (717,414) | (483,437) | (153,025) |
| Cash and cash equivalents, beginning of year | 1,225,518 | 1,708,955 | 1,861,980 |
| Cash and cash equivalents, end of year | $508,104 | $1,225,518 | $1,708,955 |
| Supplemental cash flow items: | |||
| Cash paid for interest | $187,236 | $188,533 | $188,857 |
| Cash paid for income taxes | $95,473 | $68,768 | $66,642 |
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