Company: NGVT
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001653477-25-000015
Chunk: 339

Company: Ingevity Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 339
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111.9 $84.3 _______________(1) Includes restricted cash of $18.6 million, $16.0 million, and $7.6 million and cash and cash equivalents of $68.0 million, $95.9 million, and $76.7 million for the years ended December 31, 2024, 2023, and 2022, respectively. Restricted cash is included within "Prepaid and other current assets" and "Restricted investment" within the consolidated balance sheets.Supplemental cash flow information:Cash paid for interest, net of capitalized interest$85.4 $82.7 $54.8 Cash paid for income taxes, net of refunds26.9 29.7 54.8 Purchases of property, plant, and equipment in accounts payable2.4 2.8 4.9 Leased assets obtained in exchange for new finance lease liabilities— 0.2 — Leased assets obtained in exchange for new operating lease liabilities6.0 29.1 23.7 

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

57

Ingevity CorporationNotes to the Consolidated Financial StatementsDecember 31, 2024

INDEXNotePage No.1Background592Summary of Significant Accounting Policies593New Accounting Guidance664Net Sales675Fair Value Measurements686Inventories, net707Property, Plant, and Equipment, net 708Goodwill and Other Intangible Assets, net719Financial Instruments and Risk Management7310Debt, including Finance Lease Obligations7611Share-based Compensation7812Equity8113Leases8314Retirement Plans8515Restructuring and Other (Income) Charges, net9016Acquisitions9317Income Taxes9418Commitments and Contingencies9819Segment Information9920Earnings (Loss) per Share10321Supplemental Information104

58

IndexIngevity CorporationNotes to the Consolidated Financial StatementsDecember 31, 2024

Note 1: Background

Description of BusinessIngevity Corporation ("Ingevity," "the Company," "we," "us," or "our") provides products and technologies that purify, protect, and enhance the world around us. Through a diverse team of talented and experienced people, we develop, manufacture, and bring to market solutions that are largely renewably sourced and help customers solve complex problems while making the world more sustainable. Our products are used