Company: CHD
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000950170-25-019801
Chunk: 104

Company: CHURCH & DWIGHT CO INC /DE/
Filing Date: 2025-02-13
Form: 10-K
Item: Item 1B
Chunk 104
---
 Equity
     
    $
    8,883.1

    $
    8,569.2

See Notes to Consolidated Financial Statements.

56

CHURCH & DWIGHT CO., INC. AND SUBSIDIARIES 

CONSOLIDATED STATEMENTS OF CASH FLOW 

 (In millions) 

    Year Ended December 31,

    2024

    2023

    2022

    Cash Flow From Operating Activities

    Net Income
     
    $
    585.3

    $
    755.6

    $
    413.9

    Adjustments to reconcile net income to net cash provided by operating activities:

    Depreciation expense

    83.2

    72.8

    67.0

    Amortization expense

    155.9

    152.4

    152.0

    Deferred income taxes

    (82.0
    )

    (13.8
    )

    (117.7
    )

    VMS Trade name and other asset impairments

    357.1

    0.0

    0.0

    Flawless Trade name and other asset impairments
     
    0.0

    0.0

    411.0

    Equity in net earnings of affiliates

    (9.1
    )

    (8.7
    )

    (12.3
    )

    Distributions from unconsolidated affiliates

    8.9

    9.5

    8.7

    Non-cash compensation expense

    59.2

    63.6

    32.3

    Asset impairment charge and other asset write-offs

    12.1

    8.9

    2.4

    Other

    (6.2
    )

    (0.4
    )

    (3.2
    )

    Change in assets and liabilities:

    Accounts receivable

    (81.5
    )

    (97.4
    )

    (5.3
    )

    Inventories

    2.0

    38.5

    (92.8
    )

    Other current assets

    (0.5
    )

    10.4

    2.5

    Accounts payable

    98.