Company: ASTE
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000792987-25-000047
Chunk: 3

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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 8.7 Deferred compensation expense (benefit)0.1 (0.2)Share-based compensation3.2 2.3 Deferred tax benefit(0.9)(5.3)Gain on sale of property and equipment, net(0.1)(1.1)Goodwill impairment— 20.2 Amortization of debt issuance costs0.1 0.2 Distributions to deferred compensation programs' participants(0.6)(0.5)Change in operating assets and liabilities:Purchase of trading securities, net(0.6)(2.3)Receivables and other contract assets10.1 (68.6)Inventories(22.1)(1.7)Prepaid expenses2.2 3.2 Other assets1.4 (3.2)Accounts payable9.1 (12.8)Accrued loss reserves0.1 (0.1)Accrued employee related liabilities(0.5)(12.0)Other accrued liabilities(1.9)20.4 Accrued product warranty(9.7)(9.7)Customer deposits(7.7)19.0 Income taxes payable/prepaid(5.3)3.1 Net cash provided by (used in) operating activities33.4 (36.1)Cash flows from investing activities:Expenditures for property and equipment(7.8)(13.4)Proceeds from sale of property and equipment0.2 1.1 Purchase of investments(0.6)(0.7)Sale of investments0.5 0.4 Net cash used in investing activities(7.7)(12.6)

(Continued)

4

ASTEC INDUSTRIES, INC.

Consolidated Statements of Cash Flows (Continued)

(In millions, unaudited)

Six Months Ended June 30,20252024Cash flows from financing activities:Payment of dividends(5.9)(5.9)Proceeds from borrowings on credit facilities and bank loans102.3 107.2 Repayments of borrowings on credit facilities and bank loans(125.0)(51.4)Sale of Company stock by deferred compensation programs, net0.1 0.1 Withholding tax paid upon vesting of share-based compensation awards(0.7)(0.5)Net cash (used in) provided by financing activities(