Solventum Corp
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 28, 2025
SOLV$90.08-0.4%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
| Year ended December 31, | |||
|---|---|---|---|
| (Millions) | 2024 | 2023 | 2022 |
| Cash Flows from Operating Activities | |||
| Net income | $479 | $1,346 | $1,343 |
| Adjustments to reconcile net income to net cash provided by operating activities | |||
| Depreciation and amortization | 555 | 561 | 578 |
| Pension and postretirement benefit expense | 34 | 41 | 64 |
| Stock-based compensation expense | 112 | 39 | 37 |
| Gain on business divestitures | — | (56) | — |
| Deferred income taxes | (155) | (142) | (141) |
| Changes in assets and liabilities | |||
| Accounts receivable | 43 | (129) | (32) |
| Due from related parties | 233 | — | — |
| Inventories | (132) | 23 | (82) |
| Accounts payable | 266 | 105 | 25 |
| Due to related parties | (565) | — | — |
| All other operating activities | 315 | 127 | (113) |
| Net cash provided by operating activities | 1,185 | 1,915 | 1,679 |
| Cash Flows from Investing Activities | |||
| Purchases of property, plant and equipment | (380) | (290) | (251) |
| Proceeds from sale of business | — | 60 | — |
| Other — net | — | — | (2) |
| Net cash used in investing activities | (380) | (230) | (253) |
| Cash Flows from Financing Activities | |||
| Repayment of debt | (300) | — | — |
| Net transfers to 3M | (8,251) | (1,553) | (1,456) |
| Proceeds from long-term debt, net of issuance costs | 8,303 | — | — |
| Other — net | 8 | 1 | (4) |
| Net cash used in financing activities | (240) | (1,552) | (1,460) |
| Effect of exchange rate changes on cash and cash equivalents | 3 | — | 4 |
| Net increase (decrease) in cash and cash equivalents | 568 | 133 | (30) |
| Cash and cash equivalents at beginning of year | 194 | 61 | 91 |
| Cash and cash equivalents at end of year | $762 | $194 | $61 |
| Supplemental Cash Flow Information | |||
| Cash paid for: | |||
| Income taxes | $244 | $— | $— |
| Interest | 287 | — | — |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.