AdvanSix Inc
For the period ended Mar 31, 2024. Filed May 3, 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.
Mar 31, 2024 · Filed May 3, 2024
ASIX$15.40-1.5%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows for the (unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $(17,396) | $34,954 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 19,102 | 17,845 |
| Loss on disposal of assets | 89 | 168 |
| Deferred income taxes | 1,108 | (170) |
| Stock-based compensation | 2,211 | 2,013 |
| Amortization of deferred financing fees | 155 | 155 |
| Changes in assets and liabilities, net of business acquisitions: | ||
| Accounts and other receivables | (5,818) | 14,007 |
| Inventories | 20,910 | (9,133) |
| Taxes receivable | 1,426 | 8,748 |
| Accounts payable | (52,995) | (54,489) |
| Income taxes payable | (7,098) | 1,101 |
| Accrued liabilities | 2,150 | (8,408) |
| Deferred income and customer advances | (4,392) | (8,758) |
| Other assets and liabilities | 4,346 | 3,542 |
| Net cash provided by (used for) operating activities | (36,202) | 1,575 |
| Cash flows from investing activities: | ||
| Expenditures for property, plant and equipment | (35,388) | (24,603) |
| Other investing activities | (1,419) | (1,003) |
| Net cash used for investing activities | (36,807) | (25,606) |
| Cash flows from financing activities: | ||
| Borrowings from line of credit | 184,500 | 78,000 |
| Payments of line of credit | (109,500) | (66,000) |
| Principal payments of finance leases | (239) | (231) |
| Dividend payments | (4,290) | (4,020) |
| Purchase of treasury stock | (7,023) | (13,499) |
| Issuance of common stock | 426 | 622 |
| Net cash provided by (used for) financing activities | 63,874 | (5,128) |
| Net change in cash and cash equivalents | (9,135) | (29,159) |
| Cash and cash equivalents at beginning of period | 29,768 | 30,985 |
| Cash and cash equivalents at the end of period | $20,633 | $1,826 |
| Supplemental non-cash investing activities: | ||
| Capital expenditures included in accounts payable | $13,442 | $8,193 |
| Supplemental cash activities: | ||
| Cash paid for interest | $2,594 | $1,191 |
| Cash paid for income taxes | $36 | $91 |
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