NCR Atleos Corp
For the period ended Dec 31, 2024. Filed Mar 3, 2025.
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FY2024 · Filed Mar 3, 2025
NATL$48.20+0.6%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
| For the years ended December 31 (in millions) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Operating activities | |||
| Net income (loss) | $92 | $(132) | $107 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation expense | 139 | 126 | 127 |
| Amortization expense | 148 | 128 | 132 |
| Stock-based compensation expense | 38 | 68 | 66 |
| Deferred income taxes | (19) | 74 | (28) |
| Loss on disposal of property, plant and equipment and other assets | 2 | 3 | — |
| Bargain purchase gain from acquisition | (5) | — | — |
| Loss from equity investments | 3 | — | — |
| Loss on debt extinguishment | 20 | — | — |
| Changes in assets and liabilities: | |||
| Receivables | 102 | (52) | (78) |
| Related party receivables and payables | — | (22) | (26) |
| Inventories | (77) | 53 | (10) |
| Settlement assets | 14 | (7) | (10) |
| Current payables and accrued expenses | 100 | 140 | (78) |
| Contract liabilities | (6) | — | 44 |
| Employee benefit plans | (69) | (170) | 62 |
| Other assets and liabilities | (138) | 146 | (34) |
| Net cash provided by operating activities | $344 | $355 | $274 |
| Investing activities | |||
| Expenditures for property, plant and equipment | $(87) | $(108) | $(58) |
| Additions to capitalized software | (39) | (24) | (39) |
| Business acquisitions, net of cash acquired | — | (1) | (78) |
| Purchases of investments | (1) | (10) | — |
| Proceeds from sale of investments | 5 | — | — |
| Purchase of intellectual property | (13) | — | — |
| Proceeds from divestiture | 1 | — | — |
| Amounts advanced for related party notes receivable | — | (217) | (274) |
| Repayments received from related party notes receivable | — | 44 | 32 |
| Other investing activities, net | (1) | — | — |
| Net cash used in investing activities | $(135) | $(316) | $(417) |
| Financing activities | |||
| Proceeds from related party borrowings | $— | $412 | $68 |
| Payments on related party borrowings | — | (314) | (604) |
| Proceeds from issuance of senior secured notes | — | 1,333 | — |
| Proceeds from borrowings on term credit facilities | 300 | 1,561 | — |
| Payments on term credit facilities | (473) | — | — |
| Borrowings on revolving credit facilities | 1,104 | 330 | — |
| Payments on revolving credit facilities | (1,034) | (175) | — |
| Payments on other financing arrangements | (3) | (1) | — |
| Debt issuance costs | (2) | (51) | — |
| Call premium paid on debt extinguishments | (7) | — | — |
| Principal payments for finance lease obligations | (4) | (1) | (2) |
| Tax withholding payments on behalf of employees | (14) | (7) | — |
| Proceeds from employee stock plans | 4 | — | — |
| Payments on acquisition holdback | (5) | — | — |
| Net transfers from (to) NCR Corporation | — | (60) | 721 |
| Consideration paid to NCR Corporation in connection with the Separation | — | (2,996) | — |
| Net cash provided by (used in) financing activities | $(134) | $31 | $183 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (20) | 17 | (11) |
| Increase (decrease) in cash, cash equivalents and restricted cash | 55 | 87 | 29 |
| Cash, cash equivalents and restricted cash at beginning of period | 586 | 499 | 470 |
| Cash, cash equivalents and restricted cash at end of period | $641 | $586 | $499 |
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