Company: APTV
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001521332-25-000040
Chunk: 262

Company: Aptiv PLC
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 262
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 of a typical month. Due to this cycle of cash flows, we may utilize short-term financing, including our Revolving Credit Facility and European accounts receivable factoring facility, to manage our intra-month working capital needs. Our cash balance typically peaks at month end.

73

We utilize a combination of strategies, including dividends, cash pooling arrangements, intercompany loan structures and other distributions and advances, to provide the funds necessary to meet our global liquidity needs. We utilize a global cash pooling arrangement to consolidate and manage our global cash balances, which enables us to efficiently move cash into and out of a number of the countries in which we operate.

Operating activities—Net cash provided by operating activities totaled $783 million and $887 million for the six months ended June 30, 2025 and 2024, respectively. Cash flows provided by operating activities for the six months ended June 30, 2025 consisted primarily of net earnings of $386 million, increased by $518 million for non-cash charges for depreciation, amortization, pension costs and extinguishment of debt, and by $306 million for non-cash changes in deferred income taxes, primarily resulting from an increase in the valuation allowance associated with the Company’s 2023 Swiss tax benefit, partially offset by $482 million related to changes in operating assets and liabilities, net of restructuring and pension contributions. Cash flows provided by operating activities for the six months ended June 30, 2024 consisted primarily of net earnings of $1,167 million, increased by $501 million for non-cash charges for depreciation, amortization and pension costs, partially offset by $641 million for non-cash gains resulting from the Motional transactions and $343 million related to changes in operating assets and liabilities, net of restructuring and pension contributions.

Investing activities—Net cash used in investing activities totaled $212 million and $829 million for the six months ended June 30, 2025 and 2024, respectively. Cash flows used in investing activities for the six months ended June 30, 2025 primarily consisted of capital expenditures of $346 million, partially offset by proceeds from the sale of equity method investments of $164 million. Cash flows used in investing activities for the six months ended June 30, 2024 primarily consisted of short-term investment purchases of $748 million and capital expenditures of $491 million, partially offset by proceeds from the sale of equity method investments of $448 million. 

Financing activities—Net cash used in financing activities totaled $732 million and $264