Company: SSUP
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000950170-25-034599
Chunk: 144

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-03-06
Form: 10-K
Item: Item 7
Chunk 144
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The following table summarizes the cash flows from operating, investing, and financing activities as reflected in the consolidated statements of cash flows. 

    Fiscal Year Ended December 31,
     
    2024

    2023

    (Dollars in thousands)

    Net cash provided (used) by operating activities

    18,313

    64,431

    Net cash provided (used) by investing activities

    (28,283
    )

    (45,607
    )

    Net cash provided (used) by financing activities

    (148,339
    )

    (34,230
    )

    Effect of exchange rate changes on cash

    (3,187
    )

    3,990

    Net changes in cash and cash equivalents
     
    $
    (161,496
    )
     
    $
    (11,416
    )

Operating Activities 

Net cash provided by operating activities was $18.3 million in 2024 compared to net cash provided by operating activities of $64.4 million for 2023. The $46.1 million decrease in cash flow provided by operating activities was primarily driven by lower earnings after taking into account the effect of the loss on deconsolidation of subsidiary in 2023 and changes in working capital. 

Investing Activities 

Net cash used in investing activities was $28.2 million in 2024 compared to net cash used in investing activities of $45.6 million in 2023. The $17.4 million decrease in cash used in investing activities was primarily due to lower capital expenditures and the deconsolidation of subsidiary cash in 2023. 

Financing Activities 

Net cash used in financing activities was $148.3 million in 2024 compared to net cash used by financing activities of $34.2 million in 2023. This increase was primarily due to an increase in debt repayments on term loans and notes of $451.2 million, an increase in financing costs paid of $8.8 million, and a redemption premium paid on term loan repayment of $3.7 million, which was partially offset by proceeds from issuance of long-term debt of $337.3 million and a decrease in cash dividends paid as preferred stock dividends of $10.1 million were paid-in-kind during 2024.

NON-GAAP FINANCIAL MEASURES

In this Annual Report, we discuss three important measures that are not calculated according to U.S.