Avantor Inc
For the period ended Mar 31, 2024. Filed Apr 26, 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 Apr 26, 2024
AVTR$15.57-2.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited condensed consolidated statements of cash flows
| (in millions) | Three months ended March 31, | |
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income | $60.4 | $121.5 |
| Reconciling adjustments: | ||
| Depreciation and amortization | 99.6 | 101.1 |
| Stock-based compensation expense | 12.7 | 12.7 |
| Provision for accounts receivable and inventory | 24.0 | 12.5 |
| Deferred income tax benefit | (17.9) | (26.4) |
| Amortization of deferred financing costs | 3.0 | 3.4 |
| Loss on extinguishment of debt | 2.5 | 2.3 |
| Foreign currency remeasurement loss | 5.3 | 1.8 |
| Changes in assets and liabilities: | ||
| Accounts receivable | 2.7 | (52.2) |
| Inventory | (11.0) | 7.1 |
| Accounts payable | (43.6) | 0.6 |
| Accrued interest | (9.5) | (10.5) |
| Other assets and liabilities | 9.3 | 44.1 |
| Other | 4.1 | 1.5 |
| Net cash provided by operating activities | 141.6 | 219.5 |
| Cash flows from investing activities: | ||
| Capital expenditures | (34.7) | (28.0) |
| Other | 0.5 | 0.7 |
| Net cash used in investing activities | (34.2) | (27.3) |
| Cash flows from financing activities: | ||
| Debt borrowings | 41.2 | — |
| Debt repayments | (210.3) | (269.5) |
| Proceeds received from exercise of stock options | 45.5 | 2.6 |
| Shares repurchased to satisfy employee tax obligations for vested stock-based awards | (6.6) | (8.1) |
| Net cash used in financing activities | (130.2) | (275.0) |
| Effect of currency rate changes on cash and cash equivalents | (5.7) | 4.8 |
| Net change in cash, cash equivalents and restricted cash | (28.5) | (78.0) |
| Cash, cash equivalents and restricted cash, beginning of period | 287.7 | 396.9 |
| Cash, cash equivalents and restricted cash, end of period | $259.2 | $318.9 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.