For the year ending 2025-12-31, GTX had $53M increase in cash & cash equivalents over the period. $341M in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net sales | 3,584 | 3,475 | - | - |
| Material costs | 2,009 | 2,022 | - | - |
| Variable manufacturing costs | 456 | 386 | - | - |
| Fixed manufacturing costs | 237 | 201 | - | - |
| Research, development and engineering costs | 151 | 161 | - | - |
| Selling, general and administrative expenses | 240 | 240 | - | - |
| Interest expense | 108 | 156 | - | - |
| Income tax expense | 82 | 61 | - | - |
| Other segment items | -9 | -34 | - | - |
| Net income | 310 | 282 | 261 | 390 |
| Reorganization items, net | - | - | 0 | 0 |
| Deferred income taxes | 9 | 7 | 24 | 46 |
| Depreciation | 99 | 90 | 90 | 84 |
| Amortization of deferred issuance costs | - | - | - | 8 |
| Amortization of deferred debt issuance costs | 7 | 37 | 20 | - |
| Accretion of debt discount, net of interest payments | - | - | - | -19 |
| Interest payments on series b preferred stock, net of debt discount accretion | - | 0 | 0 | - |
| Loss on extinguishment of debt | - | 0 | 0 | -5 |
| Loss on remeasurement of forward purchase contract | 0 | 0 | -13 | - |
| Gain on sale of equity investment (note 26) | 0 | 27 | - | - |
| Foreign exchange (gain) loss | 66 | -27 | 15 | 1 |
| Stock compensation expense | 27 | 23 | 14 | 11 |
| Pension expense | -8 | -6 | -1 | -28 |
| Unrealized loss (gain) on derivatives | -73 | 2 | -51 | 65 |
| Other | -10 | 6 | -7 | -1 |
| Accounts, notes and other receivables | -22 | -89 | -1 | 102 |
| Inventories | 35 | 48 | -12 | 48 |
| Other assets | 18 | 25 | 2 | -34 |
| Accounts payable | 8 | -52 | 8 | 108 |
| Accrued liabilities | -46 | 26 | -8 | -17 |
| Obligations payable to honeywell | - | - | 0 | 0 |
| Other liabilities | 21 | -7 | -10 | -32 |
| Net cash provided by operating activities | 413 | 408 | 465 | 375 |
| Expenditures for property, plant and equipment | 72 | 91 | 83 | 91 |
| Proceeds from cross-currency swap contracts | 28 | 31 | - | - |
| Other | - | - | - | 0 |
| Proceeds from cross-currency swap contracts | - | - | 28 | - |
| Proceeds from sale of equity investment | 3 | 46 | - | - |
| Net cash used for investing activities | -41 | -14 | -55 | -91 |
| Proceeds from issuance of series a preferred stock | - | - | 0 | 0 |
| Proceeds from issuance of long-term debt, net of deferred financing costs | 80 | 794 | 667 | 0 |
| Proceeds from revolving credit facilities | 70 | - | - | 0 |
| Payments of long-term debt | 139 | 992 | 207 | 7 |
| Payments of revolving credit facilities | 70 | - | 0 | 0 |
| Payments for dividends | 52 | 0 | 42 | 83 |
| Repurchases of series a preferred stock | 0 | 0 | 580 | - |
| Payments for share repurchases | - | - | - | 7 |
| Repurchases of common stock | 208 | 296 | 213 | - |
| Repayments of debtor-in-possession financing | - | - | 0 | 0 |
| Excise tax on common stock repurchase | 3 | 8 | - | - |
| Payments of additional amounts for conversion of series a preferred stock | 0 | 0 | 25 | - |
| Redemption of series b preferred stock | - | 0 | 0 | 381 |
| Payments for cash-out election | - | - | 0 | 0 |
| Payments for debt and revolving facility financing costs | 2 | 8 | 2 | 4 |
| Other | -2 | -10 | -1 | 0 |
| Net cash used for financing activities | -326 | -520 | -403 | -482 |
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | 7 | -8 | 5 | -18 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 53 | -134 | 12 | -216 |
| Cash, cash equivalents and restricted cash at beginning of period | 126 | 260 | 248 | 464 |
| Cash, cash equivalents and restricted cash at end of period | 179 | 126 | 260 | 248 |
Garrett Motion Inc. (GTX)
Garrett Motion Inc. (GTX)