Company: NGVT
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001653477-25-000091
Chunk: 13

Company: Ingevity Corp
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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43,784,531 and 43,630,211 issued and 36,450,282 and 36,350,425 outstanding at 2025 and 2024, respectively)0.4 0.4 Additional paid-in capital180.9 176.8 Retained earnings592.5 572.0 Accumulated other comprehensive income (loss)(24.0)(41.4)Treasury stock, common stock, at cost (7,334,249 shares - 2025 and 7,279,786 shares - 2024)(515.2)(512.6)Total Equity234.6 195.2 Total Liabilities and Equity$2,056.1 $2,022.6 

The accompanying notes are an integral part of these financial statements.

5

INGEVITY CORPORATION

Condensed Consolidated Statements of Cash Flows (Unaudited)Three Months Ended March 31,In millions20252024Cash provided by (used in) operating activities:Net income (loss)$20.5 $(56.0)Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:Depreciation and amortization24.9 29.6 Non cash operating lease costs4.3 4.9 Deferred income taxes(0.9)(18.4)Restructuring and other (income) charges, net12.3 62.8 CTO resales— 26.5 Share-based compensation4.1 4.3 (Gain) loss on strategic investment— 4.8 Other non-cash items0.1 7.4 Changes in operating assets and liabilities, net of effect of acquisitions:Accounts receivable, net(21.3)(10.2)Inventories, net(13.2)(22.7)Prepaid and other current assets0.2 — Accounts payable8.0 (3.8)Accrued expenses1.6 (2.4)Accrued payroll and employee benefits(9.1)(3.2)Income taxes3.1 (0.8)Restructuring and other cash outflow, net(11.6)(10.0)Operating leases(5.3)(5.7)CTO resales cash inflow (outflow), net6.2 (19.8)Changes in other operating assets