Company: NGVT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001653477-25-000108
Chunk: 16

Company: Ingevity Corp
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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.0)$33.7 Increase (decrease) in cash, cash equivalents, and restricted cash16.1 17.2 Effect of exchange rate changes on cash4.4 (3.8)Change in cash, cash equivalents, and restricted cash20.5 13.4 Cash, cash equivalents, and restricted cash at beginning of period86.6 111.9 Cash, cash equivalents, and restricted cash at end of period(1)$107.1 $125.3 (1)Includes restricted cash of $30.2 million and $17.9 million and cash and cash equivalents of $76.9 million and $107.4 million at June 30, 2025 and 2024, respectively. Restricted cash is included within "Prepaid and other current assets" and "Restricted investment" within the condensed consolidated balance sheets.Supplemental cash flow information:Cash paid for interest, net of capitalized interest$37.2 $42.3 Cash paid for income taxes, net of refunds5.6 22.2 Purchases of property, plant, and equipment in accounts payable2.3 1.8 Leased assets obtained in exchange for new operating lease liabilities0.4 1.9 

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

6

INGEVITY CORPORATIONNotes to the Condensed Consolidated Financial StatementsJune 30, 2025(Unaudited)

Note 1: Background

Description of BusinessIngevity Corporation ("Ingevity," "the company," "we," "us," or "our") provides products and technologies that purify, protect, and enhance the world around us. Through a diverse team of talented and experienced people, we develop, manufacture, and bring to market solutions that are largely renewably sourced and help customers solve complex problems while making the world more sustainable. Our products are used in a variety of demanding applications, including adhesives, agrochemicals, asphalt paving, bioplastics, coatings, elastomers, lubricants, paint for road markings, oil drilling, and automotive components. We operate in three reportable segments: Performance Materials, Performance Chemicals, and Advanced Polymer Technologies.Basis of Consolidation and PresentationThese unaudited Condensed Consolidated Financial Statements reflect the consolidated operations of the company and have been prepared in accordance with United States Securities and Exchange Commission ("SEC") interim reporting requirements. Accordingly