Company: ATMU
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001921963-25-000075
Chunk: 65

Company: Atmus Filtration Technologies Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 65
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 and all indebtedness options. We have the ability to access the capital markets and other sources of liquidity, which management believes are sufficient to allow us to manage our business and give us flexibility to meet our short- and long-term financial commitments. Our cash flow activity is noted below:

For the Three Months Ended March 31,20252024(in millions)Net cash provided by (used in) operating activities$28.7 $(8.2)Net cash used in investing activities(12.4)(10.6)Net cash used in financing activities(17.9)— 

22

Operating Cash Flow

Net cash provided by operating activities was $28.7 million for the three months ended March 31, 2025, an increase of $36.9 million compared to Net cash used in operating activities of $8.2 million for the three months ended March 31, 2024. The increase was driven primarily by lower working capital requirements of $37.0 million, partially offset by lower income from equity method investees of $2.7 million. During the three months ended March 31, 2025, lower working capital requirements resulted in a cash outflow of $22.1 million compared to a cash outflow of $59.1 million for the three months ended March 31, 2024, mainly due to higher trade payables, lower inventory and lower prepaids.

Dividends received from our unconsolidated equity investees were $5.7 million and $9.6 million for the three months ended March 31, 2025 and March 31, 2024, respectively.

Investing Cash Flow

Net cash used in investing activities for the three months ended March 31, 2025 and March 31, 2024 was primarily used for capital expenditures. Our capital expenditures were $12.4 million (of which approximately $3.5 million related to one-time separation costs) and $10.6 million (of which approximately $2.8 million related to one-time separation costs) for the three months ended March 31, 2025 and March 31, 2024, respectively, corresponding to approximately 3.0% and 2.5% of Net sales for the three months ended March 31, 2025 and March 31, 2024, respectively.

Financing Cash Flow

Net cash used in financing activities for the three months ended March 31, 2025 was