Envista Holdings Corp
For the period ended Sep 27, 2024. Filed Oct 30, 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.
Sep 27, 2024 · Filed Oct 30, 2024
NVST$25.84-0.5%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
| Nine Months Ended | ||
|---|---|---|
| September 27, 2024 | September 29, 2023 | |
| Cash flows from operating activities: | ||
| Net (loss) income | $(1,119.8) | $117.2 |
| Noncash items: | ||
| Depreciation | 31.6 | 26.8 |
| Amortization | 63.7 | 75.9 |
| Allowance for credit losses | 16.0 | 3.5 |
| Stock-based compensation expense | 26.1 | 26.2 |
| Loss (gain) on equity investments, net | 0.5 | (3.6) |
| Gain on sale of property, plant and equipment | — | (2.0) |
| Restructuring charges | — | 0.7 |
| Goodwill and intangible asset impairments | 1,153.8 | — |
| Fixed assets impairments and other charges | 17.1 | 0.3 |
| Non-cash operating lease costs | 23.1 | 19.9 |
| Inducement expense related to exchange of convertible notes | — | 28.5 |
| Amortization of debt discount and issuance costs | 3.7 | 3.4 |
| Deferred income taxes | (46.8) | — |
| Change in trade accounts receivable | (0.9) | (33.0) |
| Change in inventories | (11.6) | 9.4 |
| Change in trade accounts payable | (7.5) | (53.2) |
| Change in prepaid expenses and other assets | (12.9) | 5.4 |
| Change in accrued expenses and other liabilities | 99.5 | (26.1) |
| Change in operating lease liabilities | (31.5) | (25.6) |
| Net cash provided by operating activities | 204.1 | 173.7 |
| Cash flows from investing activities: | ||
| Payments for additions to property, plant and equipment | (25.2) | (50.0) |
| Purchases of investments held in rabbi trust | (32.6) | — |
| Proceeds from sale of investments held in rabbi trust | 8.8 | — |
| Proceeds from sale of equity investment | 0.4 | 10.7 |
| All other investing activities, net | 1.4 | (10.5) |
| Net cash used in investing activities | (47.2) | (49.8) |
| Cash flows from financing activities: | ||
| Proceeds from stock option exercises | 2.0 | 7.5 |
| Tax withholding payment related to net settlement of equity awards | (4.0) | (7.8) |
| Proceeds from issuance of convertible notes due 2028 | — | 500.2 |
| Debt issuance costs related to issuance of convertible notes due 2028 | — | (13.5) |
| Principal paid related to exchange of convertible notes due 2025 | — | (401.2) |
| Proceeds from borrowings | — | 323.5 |
|---|---|---|
| Repayment of borrowings | (100.0) | (288.8) |
| Debt issuance costs related to other borrowings | — | (4.5) |
| All other financing activities | (0.8) | 0.2 |
| Net cash (used in) provided by financing activities | (102.8) | 115.6 |
| Effect of exchange rate changes on cash and cash equivalents | (2.8) | (22.2) |
| Net change in cash and cash equivalents | 51.3 | 217.3 |
| Beginning balance of cash and cash equivalents | 940.0 | 606.9 |
| Ending balance of cash and cash equivalents | $991.3 | $824.2 |
| Supplemental data: | ||
| Cash paid for interest | $45.4 | $47.9 |
| Cash paid for taxes | $29.8 | $49.5 |
| ROU assets obtained in exchange for operating lease obligations | $44.5 | $18.9 |
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