Company: NGVT
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001653477-25-000015
Chunk: 966

Company: Ingevity Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 6
Chunk 966
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EVITY CORPORATION

Consolidated Statements of Cash Flows Years Ended December 31,In millions202420232022Cash provided by (used in) operating activities:Net income (loss)$(430.3)$(5.4)$211.6 Adjustments to reconcile net income (loss) to cash provided by operating activities:Depreciation and amortization108.3 122.8 108.8 Non cash operating lease costs19.1 18.6 16.1 Deferred income taxes(121.4)(44.7)(5.0)Disposal/impairment of assets1.3 4.3 2.5 Restructuring and other (income) charges, net186.2 170.2 13.8 CTO resales52.7 22.0 — LIFO reserve(18.7)72.9 10.0 Share-based compensation11.9 10.6 16.1 (Gain) loss on strategic investment11.4 (19.3)— Pension and other postretirement benefit costs1.5 1.6 1.4 Goodwill impairment charge349.1 — — Other non-cash items17.0 36.2 18.4 Changes in operating assets and liabilities, net of effect of acquisitions:Accounts receivable, net38.2 42.7 (42.1)Inventories, net86.2 (75.6)(63.7)Prepaid and other current assets7.7 (28.6)(0.8)Planned major maintenance outage(6.5)(12.8)(9.1)Accounts payable(63.4)(14.6)42.7 Accrued expenses(1.0)(7.7)0.8 Accrued payroll and employee benefits8.0 (33.5)5.4 Income taxes(13.8)6.4 4.9 Operating leases(21.7)(22.5)(18.8)Restructuring and other spending(59.3)(44.0)(13.8)CTO resales(46.1)(10.6)— Changes in all other operating assets and liabilities, net12.2 16.1 14.2 Net cash provided by (used in) operating activities$128.6