Element Solutions Inc
For the period ended Sep 30, 2024. Filed Oct 29, 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 Oct 29, 2024
ESI$32.75-0.6%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income | $189.7 | $41.0 |
| Net income from discontinued operations, net of tax | 1.6 | 2.9 |
| Net income from continuing operations | 188.1 | 38.1 |
| Reconciliations of net income to net cash flows provided by operating activities: | ||
| Depreciation and amortization | 119.8 | 124.7 |
| Deferred income taxes | (33.6) | (8.1) |
| Foreign exchange gains | (24.9) | (10.5) |
| Incentive stock compensation | 11.5 | 10.6 |
| Goodwill impairment | — | 80.0 |
| Other, net | 18.6 | 25.8 |
| Changes in assets and liabilities, net of acquisitions: | ||
| Accounts receivable | (44.4) | (6.6) |
| Inventories | (21.4) | (37.2) |
| Accounts payable | (0.1) | 13.3 |
| Accrued expenses | 17.9 | (8.0) |
| Prepaid expenses and other current assets | (3.5) | 3.4 |
| Other assets and liabilities | (4.7) | (3.7) |
| Net cash flows provided by operating activities | 223.3 | 221.8 |
| Cash flows from investing activities: | ||
| Capital expenditures | (46.1) | (36.3) |
| Proceeds from disposal of property, plant and equipment | — | 1.4 |
| Acquisitions, net of cash acquired | (3.9) | (188.6) |
| Other, net | (6.4) | (2.7) |
| Net cash flows used in investing activities | (56.4) | (226.2) |
| Cash flows from financing activities: | ||
| Debt proceeds | — | 150.0 |
| Repayments of borrowings | (8.6) | (8.6) |
| Dividends | (58.8) | (58.1) |
| Payment of financing fees | (2.1) | (1.0) |
| Other, net | (12.8) | (7.7) |
| Net cash flows (used in) provided by financing activities | (82.3) | 74.6 |
| Net cash flows provided by operating activities of discontinued operations | 1.6 | 2.9 |
| Effect of exchange rate changes on cash and cash equivalents | 0.5 | (9.1) |
| Net increase in cash and cash equivalents | 86.7 | 64.0 |
| Cash and cash equivalents at beginning of period | 289.3 | 265.6 |
| Cash and cash equivalents at end of period | $376.0 | $329.6 |
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