Clearwater Paper Corp
For the period ended Sep 30, 2024. Filed Nov 4, 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 30, 2024 · Filed Nov 4, 2024
CLW$13.89+5.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
(unaudited)
| Nine Months Ended September 30, | ||
|---|---|---|
| (In millions) | 2024 | 2023 |
| Operating activities | ||
| Net income (loss) | $(2.8) | $90.1 |
| Adjustments to reconcile net income (loss) to net cash flows provided by operating activities: | ||
| Depreciation and amortization | 78.3 | 73.8 |
| Equity-based compensation expense | 7.2 | 7.0 |
| Deferred taxes | (10.0) | (7.3) |
| Defined benefit pension and other postretirement employee benefits | (3.2) | (1.5) |
| Amortization of deferred debt costs | 2.0 | 0.9 |
| Loss on sale or impairment associated with assets | 1.6 | 1.4 |
| Changes in operating assets and liabilities, excluding the effects of acquired business: | ||
| (Increase) decrease in accounts receivable | (62.3) | 7.9 |
| Increase in inventories | (5.6) | (10.1) |
| Decrease in other current assets | 3.4 | 8.6 |
| Increase (decrease) in accounts payable and accrued liabilities | 89.8 | (46.9) |
| Other, net | (1.9) | 1.0 |
| Net cash flows provided by operating activities | 96.5 | 125.0 |
| Investing activities | ||
| Additions to property, plant and equipment, net 1 | (83.6) | (48.5) |
| Acquisition of business | (708.2) | — |
| Net cash flows used in investing activities | (791.8) | (48.5) |
| Financing activities | ||
| Borrowings on long-term debt | 753.5 | 12.0 |
| Repayments of long-term debt | (50.9) | (12.7) |
| Repurchases of common stock | (6.0) | (15.1) |
| Payments of debt issuance costs | (4.9) | (0.2) |
| Other, net | (2.7) | (4.7) |
| Net cash flows provided by (used in) financing activities | 688.9 | (20.7) |
| Increase (decrease) in cash and cash equivalents | (6.5) | 55.8 |
| Cash and cash equivalents at beginning of period | 42.0 | 54.4 |
| Cash and cash equivalents at end of period | $35.5 | $110.2 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid for interest, net of amounts capitalized | $42.7 | $29.9 |
| Cash paid for income taxes, net of refunds received | $14.8 | $28.0 |
1 Capital expenditures of $25.5 million and $16.5 million that have not been paid as of September 30, 2024 and 2023 were excluded from the Statements of Cash Flows.
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