Avantor, Inc.
For the period ended Dec 31, 2025. Filed Feb 11, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 11, 2026
AVTR$15.57-2.1%Stored close · as of Nov 10, 2026
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Consolidated statements of cash flows F-
Consolidated statements of cash flows
| (in millions) | Year ended December 31, | ||
|---|---|---|---|
| 2025 · 2024 · 2023 | |||
| Cash flows from operating activities: | |||
| Net (loss) income | $(530.2) | $711.5 | $321.1 |
| Reconciling adjustments: | |||
| Depreciation and amortization | 410.2 | 405.5 | 402.3 |
| Impairment charges | 785.0 | — | 160.8 |
| Gain on sale of business | 5.1 | (446.6) | — |
| Stock-based compensation expense | 46.4 | 46.8 | 40.5 |
| Non-cash restructuring charges (see note 12) | 3.2 | 16.9 | — |
| Provision for accounts receivable and inventory | 63.7 | 75.1 | 84.5 |
| Deferred income tax expense (benefit) | 7.7 | (46.9) | (172.4) |
| Amortization of deferred financing costs | 8.5 | 11.2 | 13.0 |
| Loss on extinguishment of debt | 4.6 | 10.9 | 6.9 |
| Foreign currency remeasurement loss (gain) | 1.7 | (0.3) | (2.6) |
| Pension termination charges | 18.1 | 9.3 | — |
| Changes in assets and liabilities: | |||
| Accounts receivable | 13.6 | 45.9 | 77.0 |
| Inventory | (109.4) | (18.5) | 30.3 |
| Accounts payable | 42.4 | 59.6 | (139.6) |
| Accrued interest | (1.3) | (1.6) | 0.3 |
| Other assets and liabilities | (144.2) | (37.7) | 48.6 |
| Other | (1.3) | (0.3) | (0.7) |
| Net cash provided by operating activities | 623.8 | 840.8 | 870.0 |
| Cash flows from investing activities: | |||
| Capital expenditures | (128.8) | (148.8) | (146.4) |
| Proceeds from sale of disposal group, net of cash sold | — | 585.2 | — |
| Other | (1.7) | 2.5 | 2.7 |
| Net cash (used in) provided by investing activities | $(130.5) | $438.9 | $(143.7) |
Consolidated statements of cash flows (continued)
| (in millions) | Year ended December 31, | ||
|---|---|---|---|
| 2025 · 2024 · 2023 | |||
| Cash flows from financing activities: | |||
| Debt borrowings | $1,107.6 | $— | $— |
| Debt repayments | (1,426.3) | (1,341.8) | (846.0) |
| Payments of debt refinancing fees | (15.1) | — | (2.3) |
| Proceeds received from exercise of stock options | 5.1 | 69.2 | 18.3 |
| Shares repurchased to satisfy employee tax obligations for vested stock-based awards | (5.6) | (8.6) | (13.7) |
| Payments for repurchase of common stock | (75.1) | — | — |
| Net cash used in financing activities | (409.4) | (1,281.2) | (843.7) |
| Effect of currency rate changes on cash and cash equivalents | 19.7 | (21.5) | 8.2 |
| Net change in cash, cash equivalents and restricted cash | 103.6 | (23.0) | (109.2) |
| Cash, cash equivalents and restricted cash, beginning of year | 264.7 | 287.7 | 396.9 |
| Cash, cash equivalents and restricted cash, end of year | $368.3 | $264.7 | $287.7 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.