VHI: the cash flow

MyFinsight

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	NaN
Premium on issuance of senior secured notes	4,400	NaN
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	NaN
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	NaN
Valhi cash dividends paid	2,300	4,500
Distributions to noncontrolling interest in subsidiaries	6,700	9,600
Deferred financing fees	1,500	NaN
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	NaN
Cash and cash equivalents at beginning of period	378,600	NaN
Cash and cash equivalents at end of period	223,900	NaN

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