Garrett Motion Inc.
For the period ended Sep 30, 2025. Filed Oct 23, 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.
Sep 30, 2025 · Filed Oct 23, 2025
GTX$20.68-0.3%Stored close · as of Nov 10, 2026
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Consolidated Interim Statements of Cash Flows (Unaudited)
CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| (Dollars in millions) | ||
| Cash flows from operating activities: | ||
| Net income | $226 | $182 |
| Adjustments to reconcile net income to net cash provided by operating activities | ||
| Deferred income taxes | (8) | 16 |
| Depreciation | 70 | 67 |
| Amortization of deferred issuance costs | 5 | 35 |
| Gain on sale of equity investment | — | (27) |
| Foreign exchange gain | (66) | (10) |
| Stock compensation expense | 19 | 17 |
| Pension expense | 1 | 1 |
| Unrealized loss on derivatives | 75 | 39 |
| Other | 10 | 2 |
| Changes in assets and liabilities: | ||
| Accounts, notes and other receivables | 4 | 110 |
| Inventories | (17) | (10) |
| Other assets | (14) | 2 |
| Accounts payable | (2) | (154) |
| Accrued liabilities | (10) | 8 |
| Other liabilities | 21 | (1) |
| Net cash provided by operating activities | $314 | $277 |
| Cash flows from investing activities: | ||
| Expenditures for property, plant and equipment | (51) | (69) |
| Proceeds from cross-currency swap contracts | 21 | 24 |
| Proceeds from sale of equity investment | 3 | 46 |
| Net cash (used for) provided by investing activities | $(27) | $1 |
| Cash flows from financing activities: | ||
| Proceeds from issuance of long-term debt, net of debt financing costs | 80 | 794 |
| Payments of long-term debt | (87) | (991) |
| Repurchases of Common Stock | (136) | (226) |
| Excise tax on Common Stock repurchase | (3) | — |
| Dividend payments | (36) | — |
| Payments for debt and revolving facility financing costs | (2) | (7) |
| Other | (3) | (9) |
| Net cash used for financing activities | $(187) | $(439) |
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | 6 | (2) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 106 | (163) |
| Cash, cash equivalents and restricted cash at beginning of the period | 126 | 260 |
| Cash, cash equivalents and restricted cash at end of the period | $232 | $97 |
| Supplemental cash flow disclosure: | ||
| Income taxes paid (net of refunds) | $50 | $43 |
| Interest paid | 57 | 49 |
The Notes to the Consolidated Interim Financial Statements are an integral part of this statement
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