Company: NGVT
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001653477-25-000015
Chunk: 736

Company: Ingevity Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 2
Chunk 736
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 — — — — — Tax payments related to vested restricted stock units— — — — — (3.1)(3.1)Share-based compensation plans— — 11.9 — — — 11.9 Balance at December 31, 202443,630.2 $0.4 $176.8 $572.0 $(41.4)$(512.6)$195.2 

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

55

INGEVITY CORPORATION

Consolidated Statements of Cash Flows Years Ended December 31,In millions202420232022Cash provided by (used in) operating activities:Net income (loss)$(430.3)$(5.4)$211.6 Adjustments to reconcile net income (loss) to cash provided by operating activities:Depreciation and amortization108.3 122.8 108.8 Non cash operating lease costs19.1 18.6 16.1 Deferred income taxes(121.4)(44.7)(5.0)Disposal/impairment of assets1.3 4.3 2.5 Restructuring and other (income) charges, net186.2 170.2 13.8 CTO resales52.7 22.0 — LIFO reserve(18.7)72.9 10.0 Share-based compensation11.9 10.6 16.1 (Gain) loss on strategic investment11.4 (19.3)— Pension and other postretirement benefit costs1.5 1.6 1.4 Goodwill impairment charge349.1 — — Other non-cash items17.0 36.2 18.4 Changes in operating assets and liabilities, net of effect of acquisitions:Accounts receivable, net38.2 42.7 (42.1)Inventories, net86.2 (75.6)(63.7)Prepaid and other current assets7.7 (28.6)(0.8)Planned major maintenance outage(6.5)(12.8)(9.1)Accounts payable(63.4)(14.6)42.7 Accrued expenses(1.0)(7.7)0.8