Impact of Additional Week on Net Sales
STE
connectivity
Q3 Balance Sheet & Cash Flow Summary
Free Cash Flow and Working Capital
Liquidity, Cash & Debt
($ in Millions)
Q3 2022
Q3 2023
($ in Millions)
Cash from Operating Activities
$579
$779
Beginning Cash Balance
Free Cash Flow
Capital expenditures, net
(170)
(165)
Dividends
Cash paid pursuant to collateral
requirements related to cross-currency
swap contracts
14
Share repurchases
Net increase in debt
Q3 2022
Q3 2023
$749
$905
423
614
(180)
(186)
(378)
(208)
237
3
Free Cash Flow
$423
$614
Acquisition of business, net of cash acquired
(14)
Other
(17)
3
Ending Cash Balance
$820
$1,131
A/R
$3,132
$2,998
Days Sales Outstanding*
69
68
Total Debt
$4,202
$4,206
Inventory
Days on Hand*
$3,028 $2,801
96
90
Accounts Payable
Days Outstanding*
13
33
$1,917 $1,616
62
55
Free Cash Flow is a non-GAAP financial measure; see Appendix for description and reconciliation
Adjusted to exclude the impact of acquisitionsView entire presentation