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

Company: Atmus Filtration Technologies Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 10
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The accompanying notes are an integral part of the Condensed Consolidated Financial Statements.2

Table of Contents

ATMUS FILTRATION TECHNOLOGIES INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(in millions of U.S. dollars, except share data)

(Unaudited)

March 31,2025December 31,2024ASSETSCash and cash equivalents$183.3 $184.3 Accounts and notes receivable, net282.4 254.2 Inventories270.8 266.6 Prepaid expenses and other current assets46.9 49.9 Total current assets783.4 755.0 Property, plant and equipment, net192.3 186.2 Investments and advances related to equity method investees86.9 84.9 Goodwill84.7 84.7 Other assets80.8 79.5 TOTAL ASSETS$1,228.1 $1,190.3 LIABILITIESAccounts payable$217.8 $193.1 Accrued compensation, benefits and retirement costs23.9 37.2 Current portion of accrued product warranty5.0 4.9 Current maturities of long-term debt26.3 22.5 Other accrued expenses78.8 87.2 Total current liabilities351.8 344.9 Long-term debt562.5 570.0 Accrued product warranty7.4 7.3 Other liabilities41.1 40.7 TOTAL LIABILITIES962.8 962.9 Commitments and contingencies (Note 10)EQUITYCommon stock, $0.0001 par value (2,000,000,000 shares authorized, 83,457,896 and 83,403,813 shares issued at March 31, 2025 and December 31, 2024, respectively)— — Additional paid-in capital64.2 61.9 Retained earnings305.1 264.5 Accumulated other comprehensive loss(74.0)(79.0)Treasury stock, at cost (793,971 shares at March 31, 2025 and 537,643 at December 31, 2024)(30.0)(20.0)TOTAL EQUITY265.3 227.4 TOTAL