Company: ST
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001477294-25-000119
Chunk: 63

Company: Sensata Technologies Holding plc
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 63
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 and we adjusted operating income and net income to exclude the amortization of all our intangible assets. The three and six months ended June 30, 2024 have not been recast. If we had recast this non-GAAP measure for the three and six months ended June 30, 2024, adjusted operating income and adjusted net income would have increased by an additional $1.8 million and $3.2 million, respectively.

The following table provides a reconciliation of net cash provided by operating activities in accordance with U.S. GAAP to free cash flow. 

For the six months ended June 30, (In millions)20252024Net cash provided by operating activities (GAAP)$260.1 $249.9 Additions to property, plant and equipment and capitalized software(58.0)(87.2)Free cash flow (non-GAAP)$202.1 $162.7 

The following table provides a reconciliation of corporate and other expenses in accordance with U.S. GAAP to adjusted corporate and other expenses. 

For the three months ended June 30, For the six months ended June 30, (In millions)2025202420252024Corporate and other expenses (GAAP)$(69.1)$(77.8)$(138.2)$(141.7)Restructuring related and other12.9 24.2 28.6 26.4 Financing and other transaction costs0.3 1.8 1.4 5.4 Total adjustments13.2 25.9 30.0 31.8 Adjusted corporate and other expenses (non-GAAP)$(55.8)$(51.8)$(108.3)$(110.0)

The following table provides a reconciliation of net income in accordance with U.S. GAAP to adjusted EBITDA. 

For the three months ended June 30, For the six months ended June 30, (In millions)LTM2025202420252024Net income$111.3 $60.7 $71.7 $130.6 $147.7 Interest expense, net136.8 33.2 35.1 66.9 69.7 (Benefit from)/provision for income taxes(124.3)45.1 27.3 65.8 49.9 Depreciation expense174.4 33.3