ASTEC INDUSTRIES INC
For the period ended Sep 30, 2025. Filed Nov 5, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 5, 2025
ASTE$36.95-1.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
INDEX
Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $26.9 | $(16.9) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 24.7 | 20.1 |
| Amortization of acquisition-related inventory fair value step-up | 4.3 | — |
| Provision for credit losses | 0.9 | 1.0 |
| Provision for warranties | 18.1 | 12.8 |
| Deferred compensation expense (benefit) | 0.1 | (0.1) |
| Share-based compensation | 4.9 | 3.7 |
| Deferred tax provision (benefit) | 0.1 | (6.7) |
| Gain on sale of property and equipment, net | (0.1) | (1.1) |
| Goodwill impairment | — | 20.2 |
| Amortization of debt issuance costs | 0.7 | 0.2 |
| Distributions to deferred compensation programs' participants | (0.9) | (0.8) |
| Change in operating assets and liabilities: | ||
| Purchase of trading securities, net | (0.8) | (1.6) |
| Receivables and other contract assets | (2.5) | (23.9) |
| Inventories | (19.5) | (9.9) |
| Prepaid expenses | 9.1 | 2.8 |
| Other assets | 1.8 | (2.1) |
| Accounts payable | (1.1) | (28.5) |
| Accrued loss reserves | 0.2 | (0.3) |
| Accrued employee related liabilities | 9.5 | (4.7) |
| Other accrued liabilities | (5.8) | 22.0 |
| Accrued product warranty | (16.3) | (14.1) |
| Customer deposits | (18.7) | 13.5 |
| Income taxes payable/prepaid | (10.3) | 0.8 |
| Net cash provided by (used in) operating activities | 25.3 | (13.6) |
| Cash flows from investing activities: | ||
| Acquisitions, net of cash acquired | (248.5) | — |
| Expenditures for property and equipment | (12.0) | (16.0) |
| Proceeds from sale of property and equipment | 0.2 | 2.3 |
| Purchase of investments | (0.8) | (0.9) |
| Sale of investments | 0.7 | 0.6 |
| Net cash used in investing activities | (260.4) | (14.0) |
(Continued)
INDEX
Consolidated Statements of Cash Flows (Continued)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from financing activities: | ||
| Payment of dividends | (8.9) | (8.9) |
| Proceeds from borrowings on credit facilities and bank loans | 454.8 | 140.6 |
| Repayments of borrowings on credit facilities and bank loans | (222.5) | (111.9) |
| Payment of debt issuance costs | (10.4) | — |
| Sale of Company stock by deferred compensation programs, net | 0.1 | 0.2 |
| Withholding tax paid upon vesting of share-based compensation awards | (0.7) | (0.5) |
| Net cash provided by financing activities | 212.4 | 19.5 |
| Effect of exchange rates on cash | 1.2 | 0.2 |
| Decrease in cash, cash equivalents and restricted cash | (21.5) | (7.9) |
| Cash, cash equivalents and restricted cash, beginning of period | 90.8 | 63.2 |
| Cash, cash equivalents and restricted cash, end of period | $69.3 | $55.3 |
| Supplemental cash flow information: | ||
| Cash paid during the year for: | ||
| Interest | $10.2 | $6.5 |
| Income taxes paid, net | $18.6 | $6.3 |
| Supplemental disclosures of non-cash items: | ||
| Non-cash investing activities: | ||
| Capital expenditures in accounts payable | $0.4 | $0.6 |
| Non-cash financing activities: | ||
| Additions to right-of-use assets and lease liabilities | $2.1 | $2.0 |
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