QUAKER CHEMICAL CORP
For the period ended Dec 31, 2025. Filed Feb 23, 2026.
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FY2025 · Filed Feb 23, 2026
KWR$154.37-2.2%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
(Dollars in thousands)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash flows from operating activities | |||
| Net (loss) income | $(2,401) | $116,729 | $112,872 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 93,453 | 84,119 | 81,987 |
| Equity in undistributed earnings of associated companies, net of dividends | (6,648) | (2,733) | (11,149) |
| Deferred income taxes | (30,428) | (10,033) | (11,442) |
| Restructuring and related charges | 35,130 | 6,530 | 7,588 |
| Share-based compensation | 13,611 | 14,991 | 14,605 |
| Gain on disposal of property, plant, equipment and other assets | (2,204) | (810) | (1,307) |
| Inventory step-up amortization | 6,022 | — | — |
| Impairment charges | 88,840 | — | — |
| Uncertain tax positions (non-deferred portion) | (5,708) | (2,372) | (644) |
| Pension and other postretirement benefits | (4,132) | (4,460) | (2,079) |
| Other adjustments | (5,564) | 6,280 | 7,124 |
| Increase (decrease) in change in operating assets and liabilities, net of acquisitions | |||
| Accounts receivable | 24,232 | 24,975 | 32,169 |
| Inventories | (12,239) | (3,244) | 49,751 |
| Prepaid expenses and other assets | 3,069 | (6,242) | (21) |
| Accrued restructuring | (26,598) | (7,595) | (9,786) |
| Accounts payable and accrued liabilities | (30,268) | (8,637) | 5,937 |
| Estimated taxes on (loss) income | (1,714) | (2,920) | 3,415 |
| Net cash provided by operating activities | 136,453 | 204,578 | 279,020 |
| Cash flows from investing activities | |||
| Investments in property, plant and equipment | (55,856) | (41,794) | (38,800) |
| Payments related to acquisitions, net of cash acquired | (164,209) | (39,302) | — |
| Proceeds from disposition of assets | 2,995 | 4,676 | 11,179 |
| Other investing activities | 2,951 | — | — |
| Net cash used in investing activities | (214,119) | (76,420) | (27,621) |
| Cash flows from financing activities | |||
| Payments of long-term debt | (34,722) | (57,221) | (38,932) |
| Borrowings (payments) on revolving credit facilities, net | 174,242 | 17,916 | (164,769) |
| (Payments) borrowings on other debt, net | (386) | 1,441 | (506) |
| Dividends paid | (34,393) | (33,170) | (31,650) |
| Shares purchased under share repurchase program | (41,521) | (49,247) | — |
| Other stock related activity | (1,387) | (2,383) | (2,749) |
| Net cash provided by (used in) financing activities | 61,833 | (122,664) | (238,606) |
| Effect of foreign exchange rate changes on cash | 6,782 | (11,141) | 771 |
| Net (decrease) increase in cash and cash equivalents | (9,051) | (5,647) | 13,564 |
| Cash and cash equivalents at the beginning of the period | 188,880 | 194,527 | 180,963 |
| Cash and cash equivalents at the end of the period | $179,829 | $188,880 | $194,527 |
| Supplemental cash flow disclosures: | |||
| Cash paid during the year for: | |||
| Interest | 42,788 | 44,536 | 54,892 |
| Non-cash activities: | |||
| Accrued purchases of property, plant and equipment, net | $8,987 | $12,654 | $2,975 |
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