Company: ATMU
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001921963-25-000075
Chunk: 11

Company: Atmus Filtration Technologies Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 11
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 LIABILITIES AND EQUITY$1,228.1 $1,190.3 

The accompanying notes are an integral part of the Condensed Consolidated Financial Statements.3

ATMUS FILTRATION TECHNOLOGIES INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in millions of U.S. dollars)

(Unaudited)

For the Three Months Ended March 31,20252024CASH PROVIDED BY (USED IN) OPERATING ACTIVITIESNet income$44.7 $45.5 Adjustments to reconcile net income to operating cash flows:Depreciation and amortization7.2 5.4 Deferred income taxes(0.1)0.1 Equity in income of investees, net of dividends(1.9)0.8 Share-based compensation2.3 2.0 Foreign currency remeasurement and transaction exposure(0.5)1.1 Changes in current assets and liabilities:Trade and other receivables(24.9)(18.2)Inventories(1.1)(9.6)Prepaid expenses and other current assets3.4 (3.2)Accounts payable22.5 0.3 Other accrued expenses(22.0)(28.4)Changes in other liabilities0.2 3.3 Other, net(1.1)(7.3)Net cash provided by (used in) operating activities28.7 (8.2)CASH USED IN INVESTING ACTIVITIESCapital expenditures(12.4)(10.6)Net cash used in investing activities(12.4)(10.6)CASH USED IN FINANCING ACTIVITIESPayments on long-term debt(3.8)— Repurchases of Common stock(10.0)— Dividends paid(4.1)— Net cash used in financing activities(17.9)— Effect of exchange rate changes on cash and cash equivalents0.6 — Net increase in cash and cash equivalents(1.0)(18.8)Cash and cash equivalents at beginning of period184.3 168.0 CASH AND CASH EQUIVALENTS AT END OF PERIOD$183.3 $149.2 

The accompanying notes are an integral part of the Condensed Consolidated Financial Statements.4

ATMUS FILTRATION TECHNOLOG