Company: MWA
Filing Date: 2025-02-05
Form Type: 10-Q
Source: 0001350593-25-000012
Chunk: 12

Company: Mueller Water Products, Inc.
Filing Date: 2025-02-05
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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:Net income$35.3 $14.3 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation9.3 9.5 Amortization1.8 6.9 Gain on sale of assets— (0.1)Stock-based compensation2.5 2.6 Pension cost 0.2 1.2 Deferred income taxes(0.6)(3.4)Inventory reserve provision4.0 2.1 Other, net0.3 0.3 Changes in assets and liabilities:Receivables, net62.9 49.7 Inventories(20.8)(14.6)Other assets(1.3)(6.1)Accounts payable(10.8)5.7 Other current liabilities(26.2)(3.6)Other noncurrent liabilities(2.5)3.4 Net cash provided by operating activities54.1 67.9 Investing activities:Capital expenditures(11.9)(5.7)Proceeds from sale of assets— 0.1 Net cash used in investing activities(11.9)(5.6)Financing activities:Dividends paid(10.5)(10.0)Employee taxes related to stock-based compensation(4.0)(1.5)Common stock issued1.6 0.4 Payments for finance lease obligations(0.2)(0.2)Net cash used in financing activities(13.1)(11.3)Effect of currency exchange rate changes on cash(0.8)5.4 Net change in cash and cash equivalents28.3 56.4 Cash and cash equivalents at beginning of period309.9 160.3 Cash and cash equivalents at end of period$338.2 $216.7 

The accompanying notes are an integral part of the condensed consolidated financial statements.7

 Three months endedDecember 31, 20242023 (in millions)Supplemental cash flow information:Cash paid for interest, net$5.8 $7.6 Cash paid for income taxes, net$0.4 $0.8 

The accompanying notes are an integral part of the condensed consolidated financial statements.8

MUELLER WATER PRODUCTS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATE