Company: IR
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001628280-25-021883
Chunk: 68

Company: Ingersoll Rand Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 68
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 transaction related expenses and non-cash charges (d)9.8 15.3 Stock-based compensation14.2 14.1 Foreign currency transaction losses (gains), net6.8 (0.7)Loss on equity method investments6.2 10.7 Adjustments to LIFO inventories3.0 6.8 Cybersecurity incident costs (e)(0.2)0.6 Interest income on cash and cash equivalents(10.3)(11.4)Other adjustments (f)(2.2)0.4 Adjusted EBITDA$459.7 $458.5 Minus:Interest expense$61.2 $36.8 Income tax provision, as adjusted (g)85.7 86.4 Depreciation expense27.6 24.7 Amortization of non-acquisition related intangible assets2.3 2.1 Interest income on cash and cash equivalents(10.3)(11.4)Adjusted Net Income$293.2 $319.9 Free Cash FlowCash flows from operating activities$256.4 $161.6 Minus:Capital expenditures33.7 62.3 Free Cash Flow$222.7 $99.3 

(a)Depreciation expense excludes $1.1 million and $0.9 million of depreciation of rental equipment for the three month periods ended March 31, 2025 and 2024, respectively.

(b)Represents $89.0 million and $89.5 million of amortization of intangible assets arising from acquisitions (customer relationships, technology, tradenames and backlog) and $2.3 million and $2.1 million of amortization of non-acquisition related intangible assets, in each case, for the three month periods ended March 31, 2025 and 2024, respectively.

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(c)Restructuring and related business transformation costs consisted of the following.

For the Three Month Period Ended March 31,20252024Restructuring charges$5.3 $9.7 Facility reorganization, relocation and other costs0.1 1.0 Total restructuring and related business transformation costs$5.4 $10.7 

(d)Represents costs associated with successful and/or abandoned acquisitions and divestitures, including third-party expenses, post-closure integration costs, and non-cash charges and credits arising