Non-cash investing activity, beneficial interest in trade receivable

  
FMC CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED) 

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|  | Nine Months Ended September 30, |
| 2022 |  | 2021 |
|  (in Millions) | (unaudited) |
| Cash provided (required) by investing activities of continuing operations: |  |  |  |
| Capital expenditures | $ | (108.4) |  |  | $ | (76.4) |  |
|  |  |  |  |
|  |  |  |  |
| Investment in Enterprise Resource Planning system | —  |  |  | (12.7) |  |
|  |  |  |  |
| Acquisitions, including cost and equity method, net | (191.5) |  |  | (4.6) |  |
|  |  |  |  |
| Other investing activities | 5.7  |  |  | (22.2) |  |
| Cash provided (required) by investing activities of continuing operations | $ | (294.2) |  |  | $ | (115.9) |  |
| Cash provided (required) by investing activities of discontinued operations: |  |  |  |
| Proceeds from disposal of property, plant and equipment | $ | —  |  |  | $ | 16.8  |  |
|  |  |  |  |
|  |  |  |  |
| Cash provided (required) by investing activities of discontinued operations | $ | —  |  |  | $ | 16.8  |  |
| Cash provided (required) by financing activities of continuing operations: |  |  |  |
|  |  |  |  |
| Increase (decrease) in short-term debt | $ | 401.4  |  |  | $ | 125.6  |  |
| Repayments of long-term debt | (1.1) |  |  | (2.6) |  |
| Financing fees | (1.5) |  |  | (1.7) |  |
|  |  |  |  |
|  |  |  |  |
|  |  |  |  |
|  |  |  |  |
|  |  |  |  |
| Issuances of common stock, net | 8.4  |  |  | 5.9  |  |
|  |  |  |  |
|  |  |  |  |
| Dividends paid (3) | (200.6) |  |  | (186.2) |  |
| Repurchases of common stock under publicly announced program | —  |  |  | (300.0) |  |
| Other repurchases of common stock | (8.9) |  |  | (8.0) |  |
|  |  |  |  |
|  |  |  |  |
| Cash provided (required) by financing activities of continuing operations | $ | 197.7  |  |  | $ | (367.0) |  |
| Effect of exchange rate changes on cash and cash equivalents | (20.4) |  |  | (6.1) |  |
| Increase (decrease) in cash and cash equivalents | $ | (153.0) |  |  | $ | (227.9) |  |
|  |  |  |  |
|  |  |  |  |
|  |  |  |  |
| Cash and cash equivalents, beginning of period | $ | 516.8  |  |  | $ | 568.9  |  |
|  |  |  |  |
| Cash and cash equivalents, end of period | $ | 363.8  |  |  | $ | 341.0  |  |

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ (3)    See Note 14 regarding the quarterly cash dividend.  
Supplemental disclosure of cash flow information: Cash paid for interest, net of capitalized interest was $91.2 million and $85.0 million, and income taxes paid, net of refunds were $91.7 million and $87.2 million for the nine months ended September 30, 2022 and 2021, respectively. Non-cash additions to property, plant and equipment and other assets were $19.0 million and $14.0 million for the nine months ended September 30, 2022 and 2021, respectively. Non-cash investing activities include a $19.3 million investment representing our beneficial interest in a trade receivables securitization program.   
The accompanying notes are an integral part of these condensed consolidated financial statements.7
