Amcor plc
For the period ended Jun 30, 2024. Filed Aug 16, 2024.
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FY2024 · Filed Aug 16, 2024
AMCR$45.19+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| For the years ended June 30, | 2024 | 2023 | 2022 |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net income | $740 | $1,058 | $815 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation, amortization, and impairment | 595 | 586 | 625 |
| Russia and Ukraine impairment | — | — | 138 |
| Net periodic benefit cost | 12 | 11 | 12 |
| Amortization of debt discount and deferred financing costs | 10 | 4 | 2 |
| Net gain on disposal of property, plant, and equipment | (11) | (5) | (3) |
| Net gain on disposal of businesses | — | (220) | — |
| Equity in loss of affiliated companies | 4 | — | — |
| Net foreign exchange (gain)/loss | 27 | 28 | (14) |
| Share-based compensation | 32 | 54 | 63 |
| Other, net | (37) | 5 | 106 |
| Loss from highly inflationary accounting for Argentine subsidiaries | 106 | 62 | 22 |
| Deferred income taxes, net | (37) | (57) | (33) |
| Changes in operating assets and liabilities, excluding effect of acquisitions, divestitures, and currency: | |||
| Trade receivables | (43) | 93 | (272) |
| Inventories | 95 | 248 | (626) |
| Prepaid expenses and other current assets | (5) | (54) | (67) |
| Trade payables | (43) | (429) | 711 |
| Other current liabilities | (74) | 21 | 123 |
| Accrued employee costs | 8 | (84) | (20) |
| Employee benefit obligations | (39) | (25) | (35) |
| Other, net | (19) | (35) | (21) |
| Net cash provided by operating activities | 1,321 | 1,261 | 1,526 |
| Cash flows from investing activities: | |||
| Issuance of loans to affiliated companies and other | — | (1) | (5) |
| Investments in affiliated companies and other | (3) | (56) | (12) |
| Business acquisitions | (20) | (121) | — |
| Purchase of property, plant, and equipment, and other intangible assets | (492) | (526) | (527) |
| (Payments)/proceeds from divestitures | — | 365 | (1) |
| Proceeds from sales of property, plant, and equipment, and other intangible assets | 39 | 30 | 18 |
| Net cash used in investing activities | (476) | (309) | (527) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of shares | — | 134 | 114 |
| Purchase of treasury shares and tax withholdings for share-based incentive plans | (51) | (221) | (143) |
| Proceeds from issuance of long-term debt | 1,024 | 522 | 1,066 |
| Repayment of long-term debt | (16) | (330) | (1,243) |
| Net borrowing/(repayment) of commercial paper | (1,041) | 94 | 638 |
| Net borrowing/(repayment) of short-term debt | (10) | (58) | 15 |
| Repayment of lease liabilities | (11) | (11) | (5) |
| Share buyback/cancellations | (30) | (432) | (601) |
| Dividends paid | (722) | (723) | (732) |
| Net cash used in financing activities | (857) | (1,025) | (891) |
| Effect of exchange rates on cash and cash equivalents | (89) | (88) | (108) |
| Cash and cash equivalents classified as held for sale | — | — | (75) |
| Net decrease in cash and cash equivalents | (101) | (161) | (75) |
| Cash and cash equivalents balance at beginning of the fiscal year | 689 | 850 | 850 |
| Cash and cash equivalents balance at end of the fiscal year | $588 | $689 | $775 |
See accompanying notes to consolidated financial statements, including Note 22, "Supplemental Cash Flow Information." Cash and cash equivalents at the beginning of fiscal year 2023 include cash and cash equivalents classified as held for sale.
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