VHI: the cash flow

MyFinsight

The latest financial statement is for the quarter ending 2025-09-30.

Cash Flow	2025-09-30	2025-06-30
Net income	-21,900	30,300
Depreciation and amortization	17,100	31,900
Gain on remeasurement of earn-out liability	4,600	-
Premium on issuance of senior secured notes	4,400	-
Benefit plan expense less than cash funding	-1,600	-4,000
Deferred income taxes	14,600	3,200
Other, net	-4,200	-1,000
Accounts and other receivables, net	-4,300	18,200
Inventories, net	-26,100	-15,800
Land held for development, net	200	4,200
Accounts payable and accrued liabilities	-9,800	-100,800
Accrued environmental remediation and related costs	-500	-56,000
Income taxes	-2,000	-17,800
Accounts with affiliates	-5,800	29,400
Other, net	37,800	-14,000
Net cash used in operating activities	-1,900	-134,200
Capital expenditures	10,400	25,400
Purchases of marketable securities	1,900	-
Proceeds from disposal of marketable securities	200	700
Net cash used in investing activities	-12,100	-24,700
Borrowings	178,100	306,300
Payments	144,800	280,900
Payments on long-term debt	96,000	12,000
Proceeds from issuance on senior secured notes	88,000	-
Valhi cash dividends paid	2,300	4,500
Distributions to noncontrolling interest in subsidiaries	6,700	9,600
Deferred financing fees	1,500	-
Net cash provided by financing activities	14,800	-700
Operating, investing and financing activities	800	-159,600
Effect of exchange rate changes on cash	4,100	-
Cash and cash equivalents at beginning of period	378,600	-
Cash and cash equivalents at end of period	223,900	-

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.