Element Solutions Inc
For the period ended Mar 31, 2025. Filed Apr 24, 2025.
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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, 2025 · Filed Apr 24, 2025
ESI$32.75-0.6%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net income | $98.0 | $56.0 |
| Reconciliations of net income to net cash flows provided by operating activities: | ||
| Depreciation and amortization | 37.2 | 40.3 |
| Deferred income taxes | (4.8) | (5.4) |
| Foreign exchange losses (gains) | 5.7 | (7.8) |
| Incentive stock compensation | 5.0 | 4.1 |
| MGS Transaction gain | (72.1) | — |
| Other, net | 4.5 | 3.7 |
| Changes in assets and liabilities, net of acquisitions and divestitures: | ||
| Accounts receivable | (12.8) | (4.8) |
| Inventories | (18.3) | (23.9) |
| Accounts payable | 19.3 | 0.7 |
| Accrued expenses | (44.5) | (14.5) |
| Prepaid expenses and other current assets | (4.8) | 6.7 |
| Other assets and liabilities | 13.6 | 3.1 |
| Net cash flows provided by operating activities | 26.0 | 58.2 |
| Cash flows from investing activities: | ||
| Capital expenditures | (11.0) | (19.0) |
| Proceeds from disposal of property, plant and equipment | 0.1 | — |
| Proceeds from the MGS Transaction (net of cash of $2.5 million) | 322.9 | — |
| Acquisitions, net of cash acquired | — | (3.9) |
| Other, net | 25.6 | — |
| Net cash flows provided by (used in) investing activities | 337.6 | (22.9) |
| Cash flows from financing activities: | ||
| Repayments of borrowings | (202.6) | (2.9) |
| Dividends | (19.8) | (20.0) |
| Payment of financing fees | — | (2.1) |
| Other, net | (4.9) | (7.7) |
| Net cash flows used in financing activities | (227.3) | (32.7) |
| Effect of exchange rate changes on cash and cash equivalents | 3.5 | (5.6) |
| Net increase (decrease) in cash and cash equivalents | 139.8 | (3.0) |
| Cash and cash equivalents at beginning of period | 359.4 | 289.3 |
| Cash and cash equivalents at end of period | $499.2 | $286.3 |
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