Orion SA
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 20, 2025
OEC$4.18+3.2%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 Statements of Cash Flows
Consolidated Statements of Cash Flows
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| (In millions) | |||
| Cash flows from operating activities: | |||
| Net income | $44.2 | $103.5 | $106.2 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
| Depreciation of property, plant and equipment and amortization of intangible assets and right of use assets | 125.3 | 113.0 | 105.7 |
| Amortization of debt issuance costs | 1.5 | 2.7 | 1.9 |
| Stock based compensation | 15.3 | 15.4 | 7.7 |
| Deferred tax (benefit) provision | (19.7) | 6.3 | 7.2 |
| Foreign currency transactions | (1.7) | 5.0 | (8.4) |
| Reclassification of actuarial (gains)/losses from AOCI | — | (8.9) | — |
| Other operating non-cash items, net | 1.8 | 0.8 | (0.3) |
| Changes in operating assets and liabilities, net: | |||
| Trade receivables | 13.8 | 131.2 | (95.6) |
| Inventories | (19.6) | (7.7) | (60.1) |
| Trade payables | (14.8) | 1.6 | 9.2 |
| Other provisions | 1.4 | (4.4) | (3.7) |
| Income tax liabilities | (17.8) | (2.1) | 20.3 |
| Other assets and liabilities, net | (4.4) | (10.5) | (9.1) |
| Net cash provided by operating activities | 125.3 | 345.9 | 81.0 |
| Cash flows from investing activities: | |||
| Acquisition of property, plant and equipment | (206.7) | (172.8) | (232.8) |
| Net cash used in investing activities | (206.7) | (172.8) | (232.8) |
| Cash flows from financing activities: | |||
| Proceeds from long-term debt borrowings | — | 12.6 | 47.8 |
| Repayments of long-term debt | (4.1) | (3.0) | (3.0) |
| Payments for debt issue costs | (0.2) | (2.7) | (1.5) |
| Cash inflows related to current financial liabilities | 263.1 | 284.4 | 223.2 |
| Cash outflows related to current financial liabilities | (138.1) | (417.9) | (107.7) |
| Dividends paid to stockholders | (4.8) | (4.9) | (5.0) |
| Repurchases of Common stock | (26.6) | (65.6) | (4.3) |
| Other financing activities | — | — | (0.2) |
| Net cash provided by (used in) financing activities | 89.3 | (197.1) | 149.3 |
| Increase (decrease) in cash, cash equivalents and restricted cash | 7.9 | (24.0) | (2.5) |
| Cash, cash equivalents and restricted cash at the beginning of the period | 40.2 | 63.4 | 68.5 |
| Effect of exchange rate changes on cash | (3.4) | 0.8 | (2.6) |
| Cash, cash equivalents and restricted cash at the end of the period | 44.7 | 40.2 | 63.4 |
| Less restricted cash at the end of the period | 0.5 | 2.7 | 2.6 |
| Cash and cash equivalents at the end of the period | $44.2 | $37.5 | $60.8 |
| Cash paid for interest, net | $(48.8) | $(38.9) | $(33.5) |
| Cash paid for income taxes | $(47.3) | $(56.1) | $(23.9) |
| Supplemental disclosure of non-cash activity: | |||
| Lease liabilities | $28.9 | $30.0 | $25.8 |
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