Garrett Motion Inc.
For the period ended Mar 31, 2026. Filed Apr 30, 2026.
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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, 2026 · Filed Apr 30, 2026
GTX$20.68-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Interim Statements of Cash Flows (Unaudited)
CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| (Dollars in millions) | ||
| Cash flows from operating activities: | ||
| Net income | $95 | $62 |
| Adjustments to reconcile net income to net cash provided by operating activities | ||
| Deferred income taxes | 5 | 6 |
| Depreciation | 25 | 22 |
| Amortization of deferred issuance costs | 1 | 2 |
| Foreign exchange loss (gain) | 13 | (19) |
| Stock compensation expense | 7 | 6 |
| Unrealized (gain) loss on derivatives | (11) | 35 |
| Other | 2 | 2 |
| Changes in assets and liabilities: | ||
| Accounts, notes and other receivables | (112) | (56) |
| Inventories | 17 | 25 |
| Other assets | (7) | (3) |
| Accounts payable | 48 | (34) |
| Accrued liabilities | 19 | (3) |
| Other liabilities | (4) | 11 |
| Net cash provided by operating activities | $98 | $56 |
| Cash flows from investing activities: | ||
| Expenditures for property, plant and equipment | (29) | (26) |
| Proceeds from cross-currency swap contracts | 3 | 4 |
| Net cash used for investing activities | $(26) | $(22) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of long-term debt, net of debt financing costs | — | 68 |
| Bank overdrafts | — | 17 |
| Payments of long-term debt | (2) | (71) |
| Repurchases of Common Stock | (87) | (30) |
| Dividend payments | (16) | (12) |
| Payments for debt and revolving facility financing costs | — | (1) |
| Other | — | (2) |
| Net cash used for financing activities | $(105) | $(31) |
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | (2) | 2 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (35) | 5 |
| Cash, cash equivalents and restricted cash at beginning of the period | 179 | 126 |
| Cash, cash equivalents and restricted cash at end of the period | $144 | $131 |
| Supplemental cash flow disclosure: | ||
| Income taxes paid (net of refunds) | $13 | $12 |
| Interest paid | 10 | 7 |
| Supplemental disclosure of non-cash investing activities: | ||
| Expenditures for property, plant and equipment in accounts payable | 38 | 28 |
The Notes to the Consolidated Interim Financial Statements are an integral part of this statement
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