CONSTELLIUM SE
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
CSTM$22.47-1.3%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 Statement of Cash Flows
| Year ended December 31, | ||||
|---|---|---|---|---|
| (in millions of U.S. dollar) | Notes | 2024 | 2023 | 2022 |
| Net income | 60 | 157 | 315 | |
| Adjustments | ||||
| Depreciation and amortization | 11, 13 | 304 | 300 | 290 |
| Impairment of assets | 5 | 24 | 22 | 16 |
| Pension and other long-term benefits | 17 | 10 | 9 | 22 |
| Finance costs - net | 6 | 111 | 111 | 103 |
| Income tax expense / (benefit) | 7 | 75 | 75 | (165) |
| Unrealized losses on derivatives - net and from remeasurement of monetary assets and liabilities - net | 2 | 5 | 50 | |
| Losses / (gains) on disposal | 5 | 4 | (41) | 5 |
| Other - net | 39 | 48 | 45 | |
| Changes in working capital | ||||
| Inventories | (24) | 202 | (249) | |
| Trade receivables | (50) | (37) | 73 | |
| Trade payables | (40) | (206) | 42 | |
| Other | (24) | (31) | (13) | |
| Change in provisions | 2 | (6) | (11) | |
| Pension and other long-term benefits paid | 17 | (52) | (41) | (45) |
| Interest paid | (93) | (102) | (95) | |
| Income tax paid | (47) | (33) | (18) | |
| Net cash flows from operating activities | 301 | 432 | 365 | |
| Purchases of property, plant and equipment | 3 | (413) | (366) | (289) |
| Property, plant and equipment inflows | 3 | 12 | 1 | 5 |
| Collection of deferred purchase price receivable | 9 | 85 | 97 | 90 |
| Acquisition of subsidiaries net of cash acquired | 23 | 3 | — | — |
| Proceeds from disposals, net of cash | 23 | — | 51 | — |
| Other investing activities | — | 1 | (2) | |
| Net cash flows used in investing activities | (313) | (216) | (196) | |
| Repurchase of ordinary shares | (79) | — | — | |
| Proceeds from issuance of long-term debt | 671 | — | — | |
| Repayments of long-term debt | (689) | (57) | (202) | |
| Net change in revolving credit facilities and short-term debt | 54 | (90) | 76 | |
| Finance lease repayments | (8) | (19) | (18) | |
| Payment of financing costs and redemption fees | (14) | — | (1) | |
| Transactions with non-controlling interests | (5) | (3) | (2) | |
| Other financing activities | 9 | (8) | (3) | |
| Net cash flows used in financing activities | (61) | (177) | (150) | |
| Net (decrease) / increase in cash and cash equivalents | (73) | 39 | 19 | |
| Cash and cash equivalents - beginning of year | 223 | 176 | 166 | |
| Transfer of cash and cash equivalents from / (to) assets classified as held for sale | — | 1 | (1) | |
| Effect of exchange rate changes on cash and cash equivalents | (9) | 7 | (8) | |
| Cash and cash equivalents - end of year | 141 | 223 | 176 | |
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