The high cash and cash equivalents in Q1 2025 were primarily driven by **strong operating cash flows** that resulted in a **net increase of $70 million**. Specifically, Amentum generated **$110 million** from operating activities, which was more than enough to offset the **$8 million** used in investing, the **$16 million** used in financing, and a **$16 million** decrease from exchange rate changes. This robust operating performance was the key factor behind the elevated cash balance in Q1 2025.  **[0002011286-25-000056_exhibit991-february42025.htm:5]** **[0002011286-25-000060_amtm-20241227.htm:3]** **[0002011286-25-000060_amtm-20241227.htm:26]** **[0002011286-25-000060_amtm-20241227.htm:3]** 

Why was Cash and cash equivalents so high in Q1 2025?

The high contract liabilities in Q1 2025 were primarily due to **deferred revenues and other contract liabilities**. Specifically, the liabilities increased from **$113 million as of September 27, 2024, to $143 million as of December 27, 2024** because of **higher prepayments** and deferred revenue amounts that were included in the balance. Additionally, **$65 million** of revenue recognized in Q1 2025 had previously been included in these liabilities, reflecting ongoing fulfillment of the company's performance obligations.  **[0002011286-25-000056_exhibit991-february42025.htm:5]** **[0002011286-25-000060_amtm-20241227.htm:10]** 

Why were Contract liabilities so high in Q1 2025?

The increase from **$36 million** to **$44 million** in Q1 2025 reflects the reclassification of debt that is due within the next 12 months, such as scheduled repayments or refinancing adjustments. However, the documents do not provide specific details for this particular change.  **[0002011286-25-000056_exhibit991-february42025.htm:5]** 

Why was the Current portion of long-term debt higher in Q1 2025?

8a3a2ea8f4ea44931ebfda4bfb1d223bbfa0d2ad5d001bd67d8d493e48ad6e79

Cash and cash equivalents (USD, millions)

Accounts receivable, net (USD, millions)

Prepaid expenses and other current assets (USD, millions)

Total current assets (USD, millions)

Property and equipment, net (USD, millions)

Equity method investments (USD, millions)

Goodwill (USD, millions)

Intangible assets, net (USD, millions)

Other long-term assets (USD, millions)

Total assets (USD, millions)

Current portion of long-term debt (USD, millions)

Accounts payable (USD, millions)

Accrued compensation and benefits (USD, millions)

Contract liabilities (USD, millions)

Other current liabilities (USD, millions)

Total current liabilities (USD, millions)

Long-term debt, net of current portion (USD, millions)

Deferred tax liabilities (USD, millions)

Other long-term liabilities (USD, millions)

Total liabilities (USD, millions)

Common stock, $ 0.01 par value, 1,000,000,000 shares authorized; shares issued and outstanding (USD, millions)

Additional paid-in capital (USD, millions)

Retained deficit (USD, millions)

Accumulated other comprehensive income (USD, millions)

Total Amentum shareholders' equity (USD, millions)

Non-controlling interests (USD, millions)

Total shareholders' equity (USD, millions)

Total liabilities and shareholders' equity (USD, millions)

9f35a24085a8f87a397440e2ec73a2b4430888d9b2efe7b268b5fdeb4ebcf412

Current Assets (USD, millions)

Cash and Cash Equivalents (USD, millions)

Accounts Receivable (USD, millions)

Inventory (USD, millions)

Non-Current Assets (USD, millions)

Property, Plant, and Equipment (PP&E) (USD, millions)

Intangible Assets (USD, millions)

Current Liabilities (USD, millions)

Accounts Payable (USD, millions)

Short-term Debt (USD, millions)

Accrued Expenses (USD, millions)

Non-Current Liabilities (USD, millions)

Long-term Debt (USD, millions)

Lease Liabilities (USD, millions)

Deferred Tax Liabilities (USD, millions)

Shareholders' Equity (USD, millions)

Retained Earnings (USD, millions)

Common Stock (USD, millions)

Additional Paid-in Capital (USD, millions)

da0fdbdd78bec2c22995a53b37828a90e8ff1fd6471e3d4663fa7548aa10dd15

United States

International

Total Revenue

fddb4f88051aa7ba110732ab5eda4cdb2eb759e74032b94a3287e11f3d1e5eaf

Amentum Holdings (AMTM)

Financials