Company: ASTE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000792987-25-000013
Chunk: 84

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1
Chunk 84
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2 (2.8)Other assets(0.9)(12.8)(16.2)Accounts payable(35.9)7.7 25.5 Accrued loss reserves(0.9)1.4 (0.1)Accrued employee related liabilities(5.4)8.7 4.3 Other accrued liabilities(2.0)(0.8)2.6 Accrued product warranty(18.9)(13.1)(11.1)Customer deposits7.6 1.0 9.9 Income taxes payable/prepaid11.1 3.6 6.0 Net cash provided by (used in) operating activities23.0 27.8 (73.9)Cash flows from investing activities:Acquisitions, net of cash acquired— — (17.8)Expenditures for property and equipment(20.5)(34.1)(40.7)Proceeds from sale of property and equipment2.3 20.3 5.7 Proceeds from insurance0.4 — — Purchase of investments(1.1)(1.0)(1.0)Sale of investments0.9 1.9 0.6 Net cash used in investing activities(18.0)(12.9)(53.2)

(Continued)

41

Table of Contents

ASTEC INDUSTRIES, INC.

Consolidated Statements of Cash Flows (Continued)

(In millions)

Years Ended December 31,  202420232022Cash flows from financing activities:Payment of dividends(11.9)(11.8)(11.2)Proceeds from borrowings on credit facilities and bank loans215.6 240.6 223.0 Repayments of borrowings on credit facilities and bank loans(179.2)(245.8)(138.5)Payment of debt issuance costs— — (1.5)Sale of Company stock by deferred compensation programs, net0.4 0.3 0.2 Withholding tax paid upon vesting of share-based compensation awards(0.5)(1.6)(1.8)Repurchase of Company stock— — (10.1)Net cash provided by (used in) financing activities24.4 (18.3)60.1 Effect of exchange rates on cash(1.8)0.