The ODP Corporation (ODP) 8-K Supplemental Financial Information of The ODP Corporation

Exhibit 99.1

Supplemental Financial Information of The ODP Corporation

	First  Quarter  2024			Second  Quarter  2024			First Half  2024
Cash flows from operating activities:
Net income (loss)	$	15		$	(73	)	$	(58	)
Loss from discontinued operations, net of tax		(16	)		(69	)		(85	)
Net income (loss) from continuing operations		31			(4	)		27
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		25			24			49
Amortization of debt discount and issuance costs		1			—			1
Charges for losses on receivables and inventories		9			3			12
Asset impairments		6			8			14
Loss on disposition of assets, net		—			—			(1	)
Compensation expense for share-based payments		9			10			20
Deferred income taxes and deferred tax asset valuation allowances		(8	)		(10	)		(18	)
Changes in working capital and other operating activities		(29	)		(32	)		(61	)
Net cash provided by (used in) operating activities of continuing operations		44			(1	)		43
Net cash used in operating activities of discontinued operations		(6	)		(10	)		(16	)
Net cash provided by (used in) operating activities		38			(11	)		27
Cash flows from investing activities:
Capital expenditures		(31	)		(19	)		(50	)
Businesses acquired, net of cash acquired		—			—			—
Proceeds from disposition of assets		1			—			1
Other investing activities		—			1			1
Net cash used in investing activities of continuing operations		(30	)		(18	)		(48	)
Net cash used in investing activities of discontinued operations		(4	)		(2	)		(5	)
Net cash used in investing activities		(34	)		(20	)		(53	)
Cash flows from financing activities:
Net payments on long and short-term borrowings		(3	)		(3	)		(5	)
Cash used in extinguishment and modification of debt		—			—			—
Debt retirement		(128	)		(112	)		(240	)
Debt issuance		75			171			246
Share purchases for taxes, net of proceeds from employee share-based transactions		(6	)		(9	)		(15	)
Repurchase of common stock for treasury and advance payment for accelerated share repurchase		(50	)		(103	)		(153	)
Other financing activities		(1	)		(5	)		(7	)
Net cash used in financing activities of continuing operations		(113	)		(61	)		(174	)
Net cash provided by (used in) financing activities of discontinued operations		—			—			—
Net cash used in financing activities		(113	)		(61	)		(174	)
Effect of exchange rate changes on cash, cash equivalents and restricted cash		(1	)		—			(2	)
Net decrease in cash, cash equivalents and restricted cash		(110	)		(92	)		(202	)
Cash, cash equivalents and restricted cash at beginning of period		395			285			395
Cash, cash equivalents and restricted cash at end of period	$	285		$	193		$	193

Amounts may not foot due to rounding. The sum of the quarterly amounts may not equal the reported amounts for the year due to rounding.