Company: CHD
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000950170-25-019801
Chunk: 94

Company: CHURCH & DWIGHT CO INC /DE/
Filing Date: 2025-02-13
Form: 10-K
Item: Item 1B
Chunk 94
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 together with our current borrowing capacity, may be used for acquisitions that would complement our existing product lines or geographic markets.  

48

CHURCH & DWIGHT CO., INC AND SUBSIDIARIES(Dollars in millions, except share and per share data) 

Cash Flow Analysis

    Year Ended

    December 31,

    December 31,

    December 31,

    2024

    2023

    2022

    Net cash provided by operating activities
    $
    1,156.2

    $
    1,030.6

    $
    885.2

    Net cash used in investing activities
    $
    (183.3
    )
     
    $
    (234.3
    )
     
    $
    (728.6
    )

    Net cash used in financing activities
    $
    (343.4
    )
     
    $
    (725.6
    )
     
    $
    (120.9
    )

2024 compared to 2023

Net Cash Provided by Operating Activities – Our primary source of liquidity is our cash flow provided by operating activities, which is dependent on the level of net income and changes in working capital.  Our net cash provided by operating activities in 2024 increased by $125.6 to $1,156.2 as compared to $1,030.6 in 2023 primarily due to an increase in cash earnings (net income adjusted for non-cash items).  We measure working capital effectiveness based on our cash conversion cycle.  The following table presents our cash conversion cycle information for the years ended December 31, 2024 and 2023:

    As of

    December 31, 2024

    December 31, 2023

    Change

    Days of sales outstanding in accounts receivable ("DSO")
     
    34

    29

    5

    Days of inventory outstanding ("DIO")
     
    67

    70

    (3
    )

    Days of accounts payable outstanding ("DPO")
     
    73

    72

    (1
    )

    Cash conversion cycle
     
    28

    27

    1

Our cash conversion cycle (defined as the sum of DSO plus DIO less DPO) at December 31, 2024, which is calculated using a two period average method