Company: IR
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001628280-25-021883
Chunk: 22

Company: Ingersoll Rand Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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)— (75.0)(0.8)(75.8)Balance at end of period429.7 $4.3 $9,569.8 $1,891.3 $(302.6)$(1,307.5)$9,855.3 $64.4 $9,919.7 

The accompanying notes are an integral part of these condensed consolidated financial statements.

8

INGERSOLL RAND INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited; in millions)

For the Three Month Period Ended March 31,20252024Cash Flows From Operating Activities:Net income$188.4 $204.5 Adjustments to reconcile net income to net cash provided by operating activities:Amortization of intangible assets91.3 91.6 Depreciation28.7 25.6 Stock-based compensation expense14.2 14.1 Loss on equity method investments6.2 10.7 Foreign currency transaction losses (gains), net6.8 (0.7)Non-cash adjustments to carrying value of LIFO inventories3.0 6.7 Other non-cash adjustments2.4 1.4 Changes in assets and liabilities:Receivables25.3 (11.5)Inventories(54.1)(58.2)Accounts payable(70.4)(101.5)Accrued liabilities39.7 (1.8)Other assets and liabilities, net(25.1)(19.3)Net cash provided by operating activities256.4 161.6 Cash Flows Used In Investing Activities:Capital expenditures(33.7)(62.3)Net cash paid in acquisitions(163.4)(143.3)Net cash used in investing activities(197.1)(205.6)Cash Flows Used In Financing Activities:Principal payments on long-term debt— (7.1)Purchases of treasury stock(10.0)(72.9)Cash dividends on common shares(8.1)(8.1)Proceeds from stock option exercises5.2 11.2 Payments of deferred and contingent acquisition consideration(1.4)(2.2)Other financing4.3 (0.5)Net cash used in financing activities(10.0)(79.6)Effect