Company: AVNT
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001122976-25-000053
Chunk: 5

Company: AVIENT CORP
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 2
Chunk 5
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961.6      $                            755.9  

As of June 30, 2025, approximately 73% of the Company’s cash and cash equivalents resided outside the United States.

16 AVIENT CORPORATION

Expected sources of cash needed to satisfy cash requirements for 2025 include our cash on hand, cash from operations and available liquidity under our revolving credit facility, if necessary. We believe that these sources will also provide sufficient liquidity to satisfy our expected uses of cash for at least the next twelve months and the foreseeable future thereafter. Expected uses of cash for 2025 include debt payments, interest payments, cash taxes, dividend payments, environmental remediation payments and capital expenditures.

Cash Flows

The following describes the significant components of cash flows from operating, investing and financing activities for the six months ended June 30, 2025 and 2024.

Operating Activities - Net cash provided by operating activities decreased $1.4 million during the six months ended June 30, 2025 compared to the six months ended June 30, 2024, driven primarily by higher incentive compensation payments and increased working capital, partially offset by insurance proceeds of $34.0 million for previously incurred losses at the Calvert City site.

Investing Activities - Net cash used by investing activities during the six months ended June 30, 2025 and 2024 of $39.5 million and $54.5 million, respectively, primarily reflects the impact of capital expenditures.

Financing Activities - Net cash used by financing activities for the six months ended June 30, 2025 of $106.4 million primarily reflects payment on long-term borrowings of $50.2 million and $49.4 million of dividends paid.

Net cash used by financing activities for the six months ended June 30, 2024 of $54.8 million primarily reflects $47.0 million of dividends paid.

Debt

As of June 30, 2025, aggregate maturities of the principal amount of debt for the current year, next four years and thereafter, are as follows:

         (In millions)                          
 ────────────────────────────────────────────────
                  2025      $              0.3  
                  2026      0.5                 
                  2027      0.4                 
                  2028      0.4                 
                  2029      671.1               
            Thereafter                 1,376.4  
  Aggregate maturities      $