Embecta Corp
For the period ended Dec 31, 2023. Filed Feb 9, 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.
Dec 31, 2023 · Filed Feb 9, 2024
EMBC$6.43+0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Three Months EndedDecember 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Operating Activities | ||
| Net income | $20.1 | $35.2 |
| Adjustments to net income to derive net cash provided by operating activities: | ||
| Depreciation and amortization | 8.8 | 7.2 |
| Amortization of debt issuance costs | 1.6 | 1.6 |
| Amortization of cloud computing arrangements | 0.4 | — |
| Stock-based compensation | 7.3 | 5.5 |
| Deferred income taxes | (17.0) | 1.4 |
| Change in operating assets and liabilities: | ||
| Trade receivables, net | (78.6) | 3.0 |
| Inventories | 4.1 | (14.7) |
| Due from/due to Becton, Dickinson and Company | 17.1 | (9.5) |
| Prepaid expenses and other | 43.7 | (6.6) |
| Accounts payable, accrued expenses and other current liabilities | (15.7) | 19.4 |
| Income and other net taxes payable | 4.4 | 18.2 |
| Other assets and liabilities, net | (9.3) | (0.3) |
| Net Cash (Used for) Provided by Operating Activities | $(13.1) | $60.4 |
| Investing Activities | ||
| Capital expenditures | $(2.7) | $(4.7) |
| Net Cash Used for Investing Activities | $(2.7) | $(4.7) |
| Financing Activities | ||
| Payments on long-term debt | $(2.4) | $(2.4) |
| Payments related to tax withholding for stock-based compensation | (2.2) | (2.8) |
| Payments on finance lease | (0.3) | (0.9) |
| Dividend payments | (8.6) | — |
| Net Cash Used for Financing Activities | $(13.5) | $(6.1) |
| Effect of exchange rate changes on cash and cash equivalents | 1.5 | 4.7 |
| Net Change in Cash and cash equivalents | $(27.8) | $54.3 |
| Opening Cash and cash equivalents | 326.5 | 330.9 |
| Closing Cash and cash equivalents | $298.7 | $385.2 |
Dollar amounts are in millions except per share amounts or as otherwise specified.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.