Company: ASTE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000792987-25-000064
Chunk: 3

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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 step-up4.3 — Provision for credit losses0.9 1.0 Provision for warranties18.1 12.8 Deferred compensation expense (benefit)0.1 (0.1)Share-based compensation4.9 3.7 Deferred tax provision (benefit)0.1 (6.7)Gain on sale of property and equipment, net(0.1)(1.1)Goodwill impairment— 20.2 Amortization of debt issuance costs0.7 0.2 Distributions to deferred compensation programs' participants(0.9)(0.8)Change in operating assets and liabilities:Purchase of trading securities, net(0.8)(1.6)Receivables and other contract assets(2.5)(23.9)Inventories(19.5)(9.9)Prepaid expenses9.1 2.8 Other assets1.8 (2.1)Accounts payable(1.1)(28.5)Accrued loss reserves0.2 (0.3)Accrued employee related liabilities9.5 (4.7)Other accrued liabilities(5.8)22.0 Accrued product warranty(16.3)(14.1)Customer deposits(18.7)13.5 Income taxes payable/prepaid(10.3)0.8 Net cash provided by (used in) operating activities25.3 (13.6)Cash flows from investing activities:Acquisitions, net of cash acquired(248.5)— Expenditures for property and equipment(12.0)(16.0)Proceeds from sale of property and equipment0.2 2.3 Purchase of investments(0.8)(0.9)Sale of investments0.7 0.6 Net cash used in investing activities(260.4)(14.0)

(Continued)

4

ASTEC INDUSTRIES, INC.

Consolidated Statements of Cash Flows (Continued)

(In millions, unaudited)

Nine Months Ended September 30,20252024Cash flows from financing activities:Payment of dividends(8.9)(8.9)Proceeds from borrowings on credit facilities and bank loans454.8 140.6 Repayments of borrowings on credit facilities and bank loans(222.5)(111.9)Payment of debt issuance costs