Company: ST
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001477294-25-000067
Chunk: 2

Company: Sensata Technologies Holding plc
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 2
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e healthcare plans494 227 Currency translation adjustment3,924 (14,721)Other comprehensive loss(117)(5,252)Comprehensive income$69,802 $70,769 

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

5

 SENSATA TECHNOLOGIES HOLDING PLC

Condensed Consolidated Statements of Cash Flows

(In thousands)

(unaudited)

 For the three months ended March 31, 2025March 31, 2024Cash flows from operating activities:Net income$69,919 $76,021 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation40,962 33,523 Amortization of debt issuance costs1,180 1,562 Loss on sale of business3,916 — Share-based compensation6,851 8,133 Amortization of intangible assets20,577 38,515 Deferred income taxes(6,647)2,574 Loss on equity investments, net— 13,287 Other non-cash gain/(loss), net5,175 (4,184)Changes in operating assets and liabilities, net of the effects of divestitures:Accounts receivable, net(34,101)(19,156)Inventories(47,986)(8,677)Prepaid expenses and other current assets(8,512)(8,920)Accounts payable and accrued expenses64,832 (29,447)Income taxes payable2,602 1,809 Other431 1,447 Net cash provided by operating activities119,199 106,487 Cash flows from investing activities:Additions to property, plant and equipment and capitalized software(32,575)(42,130)Proceeds from the sale of business, net of cash sold25,635 — Other66 — Net cash used in investing activities(6,874)(42,130)Cash flows from financing activities:Payment of employee restricted stock tax withholdings(61)(129)Payments on debt(685)(279)Dividends paid(17,901)(18,056)Payments to repurchase ordinary shares(100,500)(10,052)Purchase of noncontrolling interest in joint venture— (79,393)Payments of debt financing costs— (39)Net cash used in financing activities(119,147)(107,948)Effect of exchange rate