Garrett Motion Inc.
For the period ended Sep 30, 2026. Filed Oct 29, 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.
Sep 30, 2026 · Filed Oct 29, 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
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| (Dollars in millions) | ||
| Cash flows from operating activities: | ||
| Net income | $293 | $226 |
| Adjustments to reconcile net income to net cash provided by operating activities | ||
| Depreciation | 73 | 70 |
| Stock compensation expense | 21 | 19 |
| Other | 5 | 17 |
| Changes in assets and liabilities: | ||
| Accounts, notes and other receivables | (103) | 4 |
| Inventories | (60) | (17) |
| Other assets | 18 | (14) |
| Accounts payable | 74 | (2) |
| Accrued liabilities | 64 | (10) |
| Other liabilities | (7) | 21 |
| Net cash provided by operating activities | $378 | $314 |
| Cash flows from investing activities: | ||
| Expenditures for property, plant and equipment | (61) | (51) |
| Proceeds from cross-currency swap contracts | 11 | 21 |
| Proceeds from sale of equity investment | 4 | 3 |
| Net cash used for investing activities | $(46) | $(27) |
| Cash flows from financing activities: | ||
| Repurchases of Common Stock | (172) | (136) |
| Payments of long-term debt | (111) | (87) |
| Proceeds from issuance of long-term debt, net of debt financing costs | 56 | 80 |
| Dividend payments | (46) | (36) |
| Withholdings on shares issued under stock plan | (21) | (4) |
| Other | (2) | (4) |
| Net cash used for financing activities | $(296) | $(187) |
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | (2) | 6 |
| Net increase in cash, cash equivalents and restricted cash | 34 | 106 |
| Cash, cash equivalents and restricted cash at beginning of the period | 179 | 126 |
| Cash, cash equivalents and restricted cash at end of the period | $213 | $232 |
| Supplemental cash flow disclosure: | ||
| Income taxes paid (net of refunds) | $39 | $50 |
| Interest paid | 56 | 57 |
| Supplemental disclosure of non-cash investing activities: | ||
| Change in accrued capital expenditures | $(21) | $(14) |
The Notes to the Consolidated Interim Financial Statements are an integral part of this statement
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