Company: APTV
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001521332-25-000051
Chunk: 273

Company: Aptiv PLC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 273
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 we may utilize short-term financing, including our Revolving Credit Facility and European accounts receivable factoring facility, to manage our intra-month working capital needs. Our cash balance typically peaks at month end.

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We utilize a combination of strategies, including dividends, cash pooling arrangements, intercompany loan structures and other distributions and advances, to provide the funds necessary to meet our global liquidity needs. We utilize a global cash pooling arrangement to consolidate and manage our global cash balances, which enables us to efficiently move cash into and out of a number of the countries in which we operate.

Operating activities—Net cash provided by operating activities totaled $1,367 million and $1,386 million for the nine months ended September 30, 2025 and 2024, respectively. Cash flows provided by operating activities for the nine months ended September 30, 2025 consisted primarily of net income of $34 million, increased by $775 million for non-cash charges for depreciation, amortization, pension costs and extinguishment of debt, $648 million for non-cash goodwill impairment charges and $353 million for non-cash changes in deferred income taxes, primarily resulting from an increase in the valuation allowance associated with the Company’s 2023 Swiss tax benefit, partially offset by $552 million related to changes in operating assets and liabilities, net of restructuring and pension contributions. Cash flows provided by operating activities for the nine months ended September 30, 2024 consisted primarily of net earnings of $1,535 million, increased by $763 million for non-cash charges for depreciation, amortization, pension costs and extinguishment of debt, partially offset by $641 million for non-cash gains resulting from the Motional transactions and $494 million related to changes in operating assets and liabilities, net of restructuring and pension contributions.

Investing activities—Net cash used in investing activities totaled $345 million and $1,084 million for the nine months ended September 30, 2025 and 2024, respectively. Cash flows used in investing activities for the nine months ended September 30, 2025 primarily consisted of capital expenditures of $489 million, partially offset by proceeds from the sale of equity method investments of $164 million. Cash flows used in investing activities for the nine months ended September 30, 2024 primarily consisted of short-term investment purchases of $748 million and capital expenditures of $664 million, partially offset by proceeds from the sale of equity method investments of $448 million. 

Financing activities—Net cash used in financing activities