Company: SLGN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000849869-25-000072
Chunk: 6

Company: SILGAN HOLDINGS INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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500 (24,457)Other comprehensive income (loss)  49,971 (20,629)Comprehensive income $117,933 $34,535 

See accompanying notes.

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 SILGAN HOLDINGS INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWSFor the three months ended March 31, 2025 and 2024(Dollars in thousands)(Unaudited)

 20252024Cash flows provided by (used in) operating activities:  Net income$67,962 $55,164 Adjustments to reconcile net income to net cash    provided by (used in) operating activities:  Depreciation and amortization79,363 66,430 Amortization of debt discount and debt issuance costs1,413 1,347 Rationalization charges10,959 11,691 Stock compensation expense4,380 4,115 Other changes that provided (used) cash:  Trade accounts receivable, net(404,478)(355,645)Inventories(115,166)(22,319)Trade accounts payable(281,591)(281,165)Accrued liabilities(33,346)(30,041)Other, net(12,897)2,613 Net cash (used in) operating activities(683,401)(547,810)Cash flows provided by (used in) investing activities:  Capital expenditures(82,924)(75,258)Proceeds from asset sales52 2,495 Other, net400 301 Net cash (used in) investing activities(82,472)(72,462)Cash flows provided by (used in) financing activities:  Borrowings under revolving loans1,110,508 597,879 Repayments under revolving loans(6,107)(15,469)Repayment of principal amounts under finance leases(1,348)(346)Repayments of long-term debt(706,274)(100,000)Changes in outstanding checks - principally vendors(84,971)(160,576)Dividends paid on common stock(21,939)(21,137)Repurchase of common stock(6,873)(7,675)Net cash provided by financing activities282,996 292,676 Effect of exchange rate changes on cash and cash equivalents13,053 (6,686)Cash and cash equivalents:  Net