Company: SLGN
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000849869-25-000029
Chunk: 202

Company: SILGAN HOLDINGS INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 202
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WSFor the years ended December 31, 2024, 2023 and 2022(Dollars in thousands)

202420232022Cash flows provided by (used in) operating activities:Net income$276,378 $325,965 $340,848 Adjustments to reconcile net income to net cashprovided by (used in) operating activities:Depreciation and amortization275,884 263,233 262,788 Amortization of debt discount and debt issuance costs5,472 5,365 5,457 Rationalization charges59,481 8,412 74,081 Stock compensation expense15,524 15,572 16,832 Loss on early extinguishment of debt1,056 — 1,481 Deferred income tax (benefit) provision(33,055)33,108 (32,181)Other changes that provided (used) cash, net ofeffects from acquisitions:Trade accounts receivable, net37,301 73,697 30,367 Inventories57,723 (162,266)5,797 Trade accounts payable76,247 (3,820)20,245 Accrued liabilities(46,819)(54,860)42,846 Other, net(3,319)(21,810)(20,149)Net cash provided by operating activities721,873 482,596 748,412 Cash flows provided by (used in) investing activities:Purchase of businesses, net of cash acquired(921,563)— (2,504)Capital expenditures(262,786)(226,810)(215,761)Proceeds from asset sales7,797 1,755 3,351 Other, net258 1,242 (691)Net cash (used in) investing activities(1,176,294)(223,813)(215,605)Cash flows provided by (used in) financing activities:Borrowings under revolving loans993,088 1,122,095 828,561 Repayments under revolving loans(1,011,203)(1,121,054)(818,551)Repayment of principal amounts under finance leases(27,627)(2,911)(2,858)Changes in outstanding checks – principally vendors(75,606)99,144 (164,430)Proceeds from issuance of long-term debt983,588 12,305 6