For the year ending 2025-12-31, NATL had $3M increase in cash & cash equivalents over the period. $239M in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | 162 | 92 | -132 |
| Depreciation expense | - | 139 | 126 |
| Amortization expense | - | 148 | 128 |
| Depreciation and amortization expense | 277 | - | - |
| Stock-based compensation expense | 34 | 38 | 68 |
| Deferred income taxes | -1 | -19 | 74 |
| Loss on disposal of property, plant and equipment and other assets | - | -2 | -3 |
| (gain) loss on divestiture and disposal of assets, net | 32 | - | - |
| Bargain purchase gain from acquisition | 0 | 5 | - |
| Loss from equity investments | -2 | -3 | - |
| Loss on extinguishment of debt | 0 | -20 | - |
| Receivables | -36 | -102 | 52 |
| Other assets and liabilities-Related Party | 0 | 0 | 22 |
| Inventories | 97 | 77 | -53 |
| Settlement assets | - | -14 | 7 |
| Current payables and accrued expenses | 49 | 100 | 140 |
| Contract liabilities | 59 | -6 | 0 |
| Employee benefit plans | -51 | -69 | -170 |
| Settlement assets and liabilities, net | -8 | - | - |
| Other assets and liabilities-Nonrelated Party | 90 | 138 | -146 |
| Net cash provided by operating activities | 356 | 344 | 355 |
| Capital expenditures | 117 | 87 | 108 |
| Additions to capitalized software | 39 | 39 | 24 |
| Business acquisitions, net of cash acquired | 17 | 0 | 1 |
| Purchases of investments | - | 1 | 10 |
| Proceeds from sale of investments | - | 5 | - |
| Purchase of intellectual property | 0 | 13 | - |
| Proceeds from sale of property, plant and equipment | 45 | - | - |
| Proceeds from divestiture | 11 | 1 | - |
| Sale (purchase) of investments, net | -1 | - | - |
| Amounts advanced for related party notes receivable | 0 | 0 | 217 |
| Repayments received from related party notes receivable | 0 | 0 | 44 |
| Other investing activities, net | 0 | 1 | - |
| Net cash (used in) investing activities | -116 | -135 | -316 |
| Proceeds from related party borrowings | 0 | 0 | 412 |
| Payments on related party borrowings | 0 | 0 | 314 |
| Proceeds from issuance of senior secured notes | 0 | 0 | 1,333 |
| Borrowings on term credit facilities | 11 | 300 | 1,561 |
| Payments on term credit facilities | 109 | 473 | - |
| Borrowings on revolving credit facilities | 965 | 1,104 | 330 |
| Payments on revolving credit facilities | 1,065 | 1,034 | 175 |
| Payments on other financing arrangements | 3 | 3 | - |
| Debt issuance costs | 0 | 2 | 51 |
| Call premium paid on debt extinguishments | 0 | 7 | - |
| Principal payments for finance lease obligations | 5 | 4 | 1 |
| Tax withholding payments on behalf of employees | 19 | 14 | 7 |
| Proceeds from employee stock plans | 11 | 4 | - |
| Payments on acquisition holdback | 16 | 5 | - |
| Repurchases of common stock | 28 | - | - |
| Net transfers to ncr corporation | 0 | 0 | -60 |
| Consideration paid to ncr corporation in connection with the separation | 0 | 0 | 2,996 |
| Other financing activities | 5 | - | -1 |
| Net cash (used in) provided by financing activities | -253 | -134 | 31 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 16 | -20 | 17 |
| Increase in cash, cash equivalents and restricted cash | 3 | 55 | 87 |
| Cash, cash equivalents, restricted cash and restricted cash at beginning of period | 641 | 586 | 499 |
| Cash, cash equivalents and restricted cash at end of period | 644 | 641 | 586 |
NCR Atleos Corp (NATL)
NCR Atleos Corp (NATL)