Company: ASTE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000792987-25-000013
Chunk: 235

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1
Chunk 235
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Table of Contents

ASTEC INDUSTRIES, INC.

Consolidated Statements of Comprehensive (Loss) Income

(In millions)

Years Ended December 31, 202420232022Net income (loss)$4.1 $33.7 $(0.6)Other comprehensive (loss) income:Foreign currency translation adjustments(13.3)2.1 (7.7)Other comprehensive (loss) income(13.3)2.1 (7.7)Comprehensive loss (income) attributable to noncontrolling interest0.5 (0.3)0.5 Comprehensive (loss) income attributable to controlling interest$(8.7)$35.5 $(7.8)

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

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Table of Contents

ASTEC INDUSTRIES, INC.

Consolidated Statements of Cash Flows

(In millions)

Years Ended December 31, 202420232022Cash flows from operating activitiesNet income (loss)$4.1 $33.7 $(0.6)Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:Depreciation and amortization26.8 25.6 27.9 Provision for credit losses0.6 1.6 1.2 Provision for warranties18.6 17.6 12.6 Deferred compensation benefit(0.1)(0.1)(0.9)Share-based compensation5.0 4.1 6.8 Deferred tax benefit(6.8)(6.4)(17.1)Gain on disposition of property and equipment, net(1.1)(3.1)(0.7)Goodwill impairment20.2 — — Other impairment charges— 1.2 3.5 Amortization of debt issuance costs0.3 0.3 — Distributions to deferred compensation programs' participants(1.1)(1.8)(1.0)Change in operating assets and liabilities, excluding the effects of acquisitions:(Purchase) sale of trading securities, net(1.5)(0.3)0.7 Receivables and other contract assets(20.6)20.5 (28.0)Inventories27.4 (63.0)(96.4)Prepaid expenses(3.5)2.