RELIANCE INC
For the period ended Mar 31, 2024. Filed May 2, 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.
Mar 31, 2024 · Filed May 2, 2024
RS$427.15+1.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Consolidated Statements of Cash Flows
(in millions)
| | | | | | |
|---|---|---|---|---|---|
| | Three Months Ended March 31, | ||||
| · 2024 · 2023 | |||||
| Operating activities: | | | | | |
| Net income | $303.8 | | $384.4 | ||
| Adjustments to reconcile net income to net cash provided by operating activities: | | | | | |
| Depreciation and amortization expense | | 63.6 | | | 61.1 |
| Stock-based compensation expense | | 13.0 | | | 13.5 |
| Other | | 2.8 | | | (0.1) |
| Changes in operating assets and liabilities (excluding effect of businesses acquired): | | | | | |
| Accounts receivable | | (211.6) | | | (237.1) |
| Inventories | | (114.6) | | | 13.5 |
| Prepaid expenses and other assets | | 73.9 | | | 50.0 |
| Accounts payable and other liabilities | | (4.6) | | | 99.3 |
| Net cash provided by operating activities | | 126.3 | | | 384.6 |
| | | | | | |
| Investing activities: | | | | | |
| Acquisition, net of cash acquired | | (53.7) | | | — |
| Purchases of property, plant and equipment | | (108.7) | | | (102.9) |
| Other | | (15.0) | | | 0.3 |
| Net cash used in investing activities | | (177.4) | | | (102.6) |
| | | | | | |
| Financing activities: | | | | | |
| Principal payment on long-term debt | | — | | | (500.0) |
| Cash dividends and dividend equivalents | | (65.3) | | | (62.0) |
| Share repurchases | | — | | | (38.9) |
| Taxes paid related to net share settlement of restricted stock units | | (23.9) | | | (37.2) |
| Other | | (1.1) | | | (1.1) |
| Net cash used in financing activities | | (90.3) | | | (639.2) |
| Effect of exchange rate changes on cash and cash equivalents | | (3.9) | | | — |
| Decrease in cash and cash equivalents | | (145.3) | | | (357.2) |
| Cash and cash equivalents at beginning of year | | 1,080.2 | | | 1,173.4 |
| Cash and cash equivalents at end of the period | $934.9 | | $816.2 | ||
| | | | | | |
| Supplemental cash flow information: | | | | | |
| Interest paid during the period | $8.8 | | $14.4 | ||
| Income taxes paid during the period, net | $10.2 | | $21.2 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.