Livent Corp (LTHM)

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NET INCOME/(LOSS) Page 41

Net income of $0.6 million for 2021 compared to net loss of
$16.3 million for 2020 was primarily due to higher sales volumes,
higher pricing and lower Restructuring and other charges, offset by
an increase in income tax expense, COVID-19 costs to implement
safety protocols, higher logistics, raw material and other operating
costs and $5.5 million Equity in net loss of unconsolidated affiliate.

LIQUIDITY AND CAPITAL RESOURCES

Our prospective success in funding our cash needs will depend
on the strength of the lithium market and our continued ability
to generate cash from operations and raise capital from
other sources. Our primary sources of cash are currently
generated from operations and borrowings under our revolving
credit facility.
Cash and cash equivalents as of December 31, 2021 and
2020, were $113.0 million and $11.6 million, respectively. Of
the cash and cash equivalents balance as of December 31, 2021
and 2020, $26.9 million and $10.6 million was held by our
foreign subsidiaries, respectively

https://www.annualreports.com/HostedData/AnnualReports/PDF/NYSE_LTHM_2021.pdf