ASTEC INDUSTRIES INC
For the period ended Mar 31, 2026. Filed May 6, 2026.
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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.
Mar 31, 2026 · Filed May 6, 2026
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
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net income | $1.3 | $14.3 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 14.2 | 6.4 |
| Amortization of acquisition-related inventory fair value step-up | 1.4 | — |
| Provision for credit losses | (0.5) | (0.1) |
| Provision for warranties | 3.0 | 6.2 |
| Share-based compensation | 2.6 | 1.7 |
| Deferred tax benefit | (0.4) | (1.0) |
| Gain on sale of property and equipment, net | (0.1) | — |
| Amortization of debt issuance costs | 0.5 | 0.1 |
| Change in operating assets and liabilities: | ||
| (Purchase) sale of trading securities, net | (1.1) | 0.2 |
| Receivables and other contract assets | 5.1 | (3.9) |
| Inventories | 5.6 | (10.9) |
| Prepaid expenses | 1.8 | 0.8 |
| Other assets | 0.8 | 0.7 |
| Accounts payable | 13.3 | 12.6 |
| Accrued employee related liabilities | (3.0) | — |
| Other accrued liabilities | (2.4) | (2.7) |
| Accrued product warranty | (5.2) | (4.6) |
| Customer deposits | 2.3 | (5.1) |
| Income taxes payable/prepaid | 1.5 | 5.8 |
| Net cash provided by operating activities | 40.7 | 20.5 |
| Cash flows from investing activities: | ||
| Acquisitions, net of cash acquired | (67.9) | — |
| Expenditures for property and equipment | (8.1) | (3.9) |
| Proceeds from sale of property and equipment | 0.1 | — |
| Proceeds from insurance | 0.1 | — |
| Purchase of investments | (0.6) | (0.4) |
| Sale of investments | 0.2 | 0.1 |
| Net cash used in investing activities | (76.2) | (4.2) |
(Continued)
INDEX
Consolidated Statements of Cash Flows (Continued)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from financing activities: | ||
| Payment of dividends | (3.0) | (2.9) |
| Proceeds from borrowings on credit facilities and bank loans | 117.8 | 95.5 |
| Repayments of borrowings on credit facilities and bank loans | (73.2) | (106.9) |
| Withholding tax paid upon vesting of share-based compensation awards | (2.6) | (0.7) |
| Net cash provided by (used in) financing activities | 39.0 | (15.0) |
| Effect of exchange rates on cash | (0.5) | 0.5 |
| Increase in cash, cash equivalents and restricted cash | 3.0 | 1.8 |
| Cash, cash equivalents and restricted cash, beginning of period | 72.0 | 90.8 |
| Cash, cash equivalents and restricted cash, end of period | $75.0 | $92.6 |
| Supplemental cash flow information: | ||
| Cash paid during the year for: | ||
| Interest | $6.2 | $1.8 |
| Income taxes paid, net | $0.6 | $0.9 |
| Supplemental disclosures of non-cash items: | ||
| Non-cash investing activities: | ||
| Capital expenditures in accounts payable | $0.1 | $0.4 |
| Non-cash financing activities: | ||
| Additions to right-of-use assets and lease liabilities | $0.4 | $0.4 |
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