Element Solutions Inc
For the period ended Dec 31, 2024. Filed Feb 19, 2025.
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FY2024 · Filed Feb 19, 2025
ESI$32.75-0.6%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows F-
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net income | $244.5 | $118.2 | $188.0 |
| Income from discontinued operations, net of tax | 1.6 | 2.1 | 1.8 |
| Net income from continuing operations | 242.9 | 116.1 | 186.2 |
| Reconciliations of net income to net cash flows provided by operating activities: | |||
| Depreciation and amortization | 157.6 | 166.7 | 161.3 |
| Deferred income taxes | (39.2) | (69.9) | 15.1 |
| Foreign exchange (gains) losses | (24.4) | (10.6) | 3.4 |
| Incentive stock compensation | 14.8 | 9.4 | 17.7 |
| Goodwill impairment | — | 80.0 | — |
| Other, net | 22.9 | 42.2 | 11.4 |
| Changes in assets and liabilities, net of acquisitions: | |||
| Accounts receivable | (29.9) | (6.8) | 6.4 |
| Inventories | 7.8 | (9.5) | (31.2) |
| Accounts payable | (1.0) | 0.3 | (0.1) |
| Accrued expenses | 33.0 | 9.9 | (33.0) |
| Prepaid expenses and other current assets | (4.2) | 1.9 | (26.6) |
| Other assets and liabilities | (18.3) | 3.9 | (14.7) |
| Net cash flows provided by operating activities | 362.0 | 333.6 | 295.9 |
| Cash flows from investing activities: | |||
| Capital expenditures | (68.4) | (52.7) | (47.8) |
| Proceeds from disposal of property, plant and equipment | — | 1.4 | 4.8 |
| Acquisitions, net of cash acquired | (3.9) | (214.8) | (22.6) |
| Other, net | (1.5) | 15.9 | (9.6) |
| Net cash flows used in investing activities | (73.8) | (250.2) | (75.2) |
| Cash flows from financing activities: | |||
| Debt proceeds, net of discount | 1,040.1 | 1,297.1 | — |
| Repayments of borrowings | (1,152.6) | (1,264.1) | (16.4) |
| Repurchases of common stock | — | — | (151.0) |
| Dividends | (78.2) | (77.4) | (78.4) |
| Payment of financing fees | (3.2) | (6.3) | (1.9) |
| Other, net | (12.7) | (8.0) | (27.9) |
| Net cash flows used in financing activities | (206.6) | (58.7) | (275.6) |
| Net cash flows provided by operating activities of discontinued operations | 1.6 | 2.2 | 1.8 |
| Effect of exchange rate changes on cash and cash equivalents | (13.1) | (3.2) | (11.4) |
| Net increase (decrease) in cash and cash equivalents | 70.1 | 23.7 | (64.5) |
| Cash and cash equivalents at beginning of period | 289.3 | 265.6 | 330.1 |
| Cash and cash equivalents at end of period | $359.4 | $289.3 | $265.6 |
| Supplemental disclosure information of continuing operations: | |||
| Cash paid for interest | $64.8 | $56.1 | $46.9 |
| Cash paid for income taxes | $87.2 | $73.7 | $66.5 |
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