Company: OC
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001370946-25-000077
Chunk: 176

Company: Owens Corning
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1
Chunk 176
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5,120 $5,185 $4,596 Common shares outstanding:Beginning of period87.2 91.9 100.4 Issuance of common stock under share-based payment plans1.1 1.1 0.7 Purchase of treasury stock(2.9)(5.8)(9.2)End of period85.4 87.2 91.9 Treasury shares outstanding:Beginning of period48.3 43.6 35.1 Issuance of common stock under share-based payment plans(1.1)(1.1)(0.7)Purchase of treasury stock2.9 5.8 9.2 End of period50.1 48.3 43.6 

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Statements.

52

OWENS CORNING AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in millions)

  Twelve Months Ended December 31,  202420232022NET CASH FLOW PROVIDED BY OPERATING ACTIVITIESNet earnings$647 $1,193 $1,241 Adjustments to reconcile net earnings to cash provided by operating activitiesDepreciation and amortization677 609 531 Loss on sale of business91 — — Impairment due to strategic review483 — — Deferred income taxes(92)26 37 Pension annuity settlement charge— 145 — Stock-based compensation expense93 51 51 Intangible assets impairment charge— — 96 Gains on sale certain precious metals(19)(2)(18)Gain on equity method investment— — (130)Gain on sale of site— (189)— Net loss on sale of assets or affiliates— — 36 Other adjustments to reconcile net earnings to cash provided by operating activities(15)(44)4 Change in operating assets and liabilities:Changes in receivables, net6 (26)(14)Changes in inventories(43)148 (287)Changes in accounts payable and accrued liabilities13 (158)363 Changes in other operating assets and liabilities71 3 (81)Pension fund contribution(7)(18)(8)Payments for other employee benefits liabilities(10)(11)(11)Other(3)(8)(50)Net cash flow provided by operating