For the year ending 2025-12-28, ATI had -$304,500K decrease in cash & cash equivalents over the period. $333,700K in free cash flow.
| Cash Flow | 2025-12-28 | 2024-12-29 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 418,600 | 382,700 | 423,400 | 146,500 |
| Depreciation and amortization | 168,100 | 151,500 | 146,100 | 142,900 |
| Impairment of goodwill | - | - | - | 0 |
| Share-based compensation | 29,000 | 34,100 | 29,100 | 26,000 |
| Debt extinguishment charge | - | - | 0 | 0 |
| Deferred taxes | 59,100 | 86,400 | -138,200 | -100 |
| Gain from disposal of property, plant and equipment, net | 10,700 | 15,700 | 600 | 900 |
| Net loss (gain) from sales of businesses | -2,900 | 52,900 | -600 | -141,000 |
| Non-cash impairment charges | 0 | 0 | 3,000 | 0 |
| Pension plan contributions | 0 | 0 | -272,000 | - |
| Retirement benefits | 11,200 | 4,400 | 53,800 | -46,700 |
| Accounts receivable | -27,100 | 85,000 | 46,100 | 128,500 |
| Inventories | 52,800 | 118,500 | 51,800 | 190,800 |
| Accounts payable | -43,400 | 87,600 | -29,800 | 156,100 |
| Accrued income taxes | -26,400 | -300 | -4,800 | 2,500 |
| Accrued liabilities and other | -31,600 | 67,100 | 26,800 | 23,100 |
| Cash provided by operating activities | 614,300 | 407,200 | 85,900 | 224,900 |
| Purchases of property, plant and equipment | 280,600 | 239,100 | 200,700 | 130,900 |
| Proceeds from disposal of property, plant and equipment | 11,100 | 27,600 | 3,800 | 3,100 |
| Proceeds from sale of businesses, net of transaction costs | - | - | - | 300 |
| Proceeds from sales of businesses, net of transaction costs | 26,800 | - | - | - |
| Other | -8,200 | -3,900 | -4,000 | -800 |
| Proceeds from sales of businesses, net of transaction costs | - | 48,000 | -300 | - |
| Sale to noncontrolling interests | - | 0 | 0 | 6,400 |
| Cash used in investing activities | -234,500 | -159,600 | -193,200 | -126,700 |
| Borrowings on long-term debt | 0 | 0 | 425,000 | 0 |
| Payments on long-term debt and finance leases | 182,600 | 29,600 | 25,200 | 23,100 |
| Net payments under credit facilities | 0 | -4,900 | -14,000 | -5,600 |
| Debt issuance costs | 0 | 0 | 6,200 | 0 |
| Receipt of convertible note capped call | 0 | 76,100 | - | - |
| Purchase of treasury stock | 470,000 | 260,000 | 85,200 | 139,900 |
| Debt extinguishment charge | - | - | 0 | 0 |
| Dividends paid to noncontrolling interests | 13,200 | 16,000 | 16,000 | 34,000 |
| Purchase of convertible note capped call | - | - | - | 0 |
| Shares repurchased for income tax withholding on share-based compensation | 34,100 | 26,000 | 11,200 | 5,700 |
| Cash provided by (used in) financing activities | -699,900 | -260,400 | 267,200 | -201,900 |
| Effect of exchange rate changes on cash and cash equivalents | 15,600 | -7,600 | - | - |
| Less cash held for sale | 0 | -2,300 | - | - |
| Increase (decrease) in cash and cash equivalents | -304,500 | -22,700 | 159,900 | -103,700 |
| Cash and cash equivalents at beginning of year | 721,200 | - | - | - |
| Cash and cash equivalents at end of year | 416,700 | - | - | - |
ATI INC (ATI)
ATI INC (ATI)