Company: ST
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001477294-25-000067
Chunk: 73

Company: Sensata Technologies Holding plc
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 73
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. Refer to Results of Operations included elsewhere in this MD&A for additional discussion of our earnings results for the three months ended March 31, 2025 compared to the prior year period. 

We generated $119.2 million of operating cash flows in the three months ended March 31, 2025, ending the quarter with $588.1 million in cash and cash equivalents. In the three months ended March 31, 2025, we used cash of approximately $32.6 million for capital expenditures, $17.9 million for payment of cash dividends, and $100.5 million for share repurchases as part of our share repurchase plan.

Results of Operations

The table below presents our historical results of operations, in millions of dollars and as a percentage of net revenue, for the three months ended March 31, 2025 compared to the three months ended March 31, 2024. We have derived the results of 

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operations from the Financial Statements included elsewhere in this Report. Amounts and percentages in the table below have been calculated based on unrounded numbers. Accordingly, certain amounts may not appear to recalculate due to the effect of rounding.

 For the three months ended March 31, 2025March 31, 2024AmountPercentAmountPercent Net revenue:Performance Sensing$650.4 71.4 %$713.3 70.9 %Sensing Solutions260.8 28.6 257.8 25.6 Other— — 35.6 3.5 Net revenue911.3 100.0 1,006.7 100.0 Operating costs and expenses789.1 86.6 861.9 85.6 Operating income122.2 13.4 144.8 14.4 Interest expense(38.0)(4.2)(38.4)(3.8)Interest income4.3 0.5 3.7 0.4 Other, net2.1 0.2 (11.5)(1.1)Income before taxes90.6 9.9 98.6 9.8 Provision for income taxes20.7 2.3 22.6 2.2 Net income$69.9 7.7 %$76.0 7.6 %

Net Revenue

Net revenue for the three months ended March