KORE · As filed with the SEC
KORE Group Holdings cash flow statement, by fiscal year
The statement as KORE Group Holdings presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Statements of Cash Flows · USD thousands
| USD thousands | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Operating activities: | |||||||
| Net loss | (62,976) | (146,076) | (167,042) | (106,200) | (24,453) | (35,201) | (23,443) |
| Adjustments to reconcile net loss to net cash provided by operating activities | |||||||
| Depreciation and amortization | 54,891 | 56,218 | 58,363 | 54,499 | 50,414 | 52,488 | 48,131 |
| Intangible asset impairment loss | — | — | — | — | 0 | 0 | 3,892,000 |
| Amortization of deferred financing costs | 2,562 | 2,584 | 2,204 | 2,427 | 2,097 | 2,313 | 2,063 |
| Amortization of discount on Backstop Notes | — | — | — | 0 | 424 | — | — |
| Deferred income taxes | — | — | — | — | (9,871,000) | (6,178,000) | (11,419,000) |
| Loss on extinguishment of debt | — | 0 | 2,584 | — | — | — | — |
| Goodwill impairment | 0 | 65,861 | 78,257 | 58,074 | — | — | — |
| Stock-based compensation expense | 2,095 | 8,481 | 11,251 | 10,296 | 4,564 | 1,161 | 1,682 |
| Deferred income taxes | (2,767) | (10,109) | (11,412) | (16,189) | — | — | — |
| Non-cash foreign currency loss | — | — | — | 14 | 344 | 233 | 1,440 |
| Change in fair value of warrant liabilities to affiliates | 2,405 | (4,040) | — | (254) | — | — | — |
| Affiliates of the Company | — | — | 6,436 | — | — | — | — |
| Amortization of operating lease right-of-use assets | 1,308 | 1,284 | 2,331 | 2,218 | — | — | — |
| Loss on lease termination | 322 | — | — | — | — | — | — |
| Loss on sale of assets | 1,115 | — | — | — | — | — | — |
| Provision for credit losses | 609 | — | — | 415 | 322 | 640 | 905 |
| Change in fair value of warrant liability | — | — | — | — | (5,267,000) | 7,485,000 | (235,000) |
| Settlement gain on carrier commitment liability | — | — | — | — | — | — | (2,269,000) |
| Provision for inventory write-downs | 2,012 | — | — | — | — | — | — |
| Unrealized (gain) loss on foreign currency translation | (5,323) | 5,020 | — | — | — | — | — |
| Other | — | 1,029 | 100 | — | — | — | — |
| Changes in operating assets and liabilities: | |||||||
| Accounts receivable | (2,814) | 6,723 | (7,707) | 8,962 | (11,884) | (6,072) | 860 |
| Inventories | 1,168 | 1,511 | 1,973 | 6,542 | (9,875) | (3,027) | (566) |
| Prepaid expenses and other assets | 1,156 | 4,029 | (87) | (1,992) | (1,700) | (2,020) | 169 |
| Accounts payable and accrued liabilities | 1,502 | (49) | 12,968 | (2,116) | (8,371) | 13,100 | (2,458) |
| Deferred revenue | — | — | — | — | (805,000) | 1,583,000 | (44,000) |
| Accrued interest due to affiliate | 24,109 | 21,268 | — | — | — | — | — |
| Affiliates of the Company | — | — | 2,530 | — | — | — | — |
| Deferred revenue | 432 | (418) | 1,175 | 980 | — | — | — |
| Income taxes payable | — | — | — | 148 | (697) | (34) | (1,158) |
| Change in minimum carrier commitment liability | — | — | — | — | — | — | (3,297,000) |
| Operating lease liabilities | (1,349) | (1,491) | (1,847) | (1,468) | — | — | — |
| Other assets and liabilities | (1,970) | (1,919) | 1,504 | — | — | — | — |
| Net cash provided by operating activities | 18,487 | 9,906 | (6,419) | 16,356 | (14,758) | 26,471 | 14,253 |
| Investing activities: | |||||||
| Purchases of property and equipment | (2,664) | (2,807) | (4,433) | (3,307) | (4,172) | (1,834) | (2,391) |
| Additions to intangible assets | (7,176) | (10,648) | (15,797) | (13,238) | (9,247) | (10,135) | (10,491) |
| Acquisitions of business combinations, net of cash acquired | — | — | 0 | (46,002) | — | 366 | (37,488) |
| Proceeds from sale of assets | 250 | — | — | — | — | — | — |
| Net cash used in investing activities | (9,590) | (13,455) | (20,230) | (62,547) | (13,419) | (11,603) | (50,370) |
| Financing activities: | |||||||
| Proceeds from revolving credit facility | — | — | — | — | 25,000,000 | — | 8,135,000 |
| Repayment on revolving credit facility | — | — | — | — | (25,000,000) | (8,300,000) | — |
| Proceeds from revolving credit facility | — | — | — | 0 | — | — | — |
| Repayment on revolving credit facility | — | — | — | 0 | — | — | — |
| Repayment of term loan | — | — | — | (3,153) | — | — | — |
| Repayment of other borrowings - notes payable | — | — | — | (1,035) | (3,161) | (3,526) | (2,888) |
| Repayment of other borrowings - notes payable | — | — | — | — | (173,000) | — | — |
| Proceeds from term loan | — | — | — | — | — | — | 35,000,000 |
| Proceeds from convertible debt | — | — | — | 0 | — | — | — |
| Proceeds from equity portion of convertible debt, net of issuance costs | — | — | — | 0 | — | — | — |
| Repayment of debt | (1,850) | (2,411) | (304,847) | — | — | — | — |
| Purchase of treasury stock | 0 | (431) | (2,754) | — | — | (200) | (80) |
| Proceeds from CTAC and PIPE financing, net of issuance costs | — | — | — | — | 223,688,000 | — | — |
| Principal payments under finance lease obligations | (24) | (101) | (123) | (150) | — | — | — |
| Payment of capital lease obligations | — | — | — | 0 | (828) | (692) | (1,080) |
| Payment of employee tax withholdings through cancelled shares of stock | (194) | (839) | (405) | 0 | (2,305) | — | — |
| Proceeds from issuance of debt | — | 0 | 185,000 | — | 104,167 | 0 | 0 |
| Proceeds from equity portion of convertible debt, net of issuance costs | — | — | — | — | 15,697,000 | — | — |
| Payment of original issue discount | — | 0 | (4,200) | — | — | — | — |
| Payment of deferred financing costs | — | 0 | (6,853) | (356) | (1,579) | — | (2,089) |
| Repayment of related party note | — | — | — | 0 | (1,538) | — | — |
| Proceeds from CTAC and PIPE financing, net of issuance costs | — | — | — | 0 | — | — | — |
| Settlements of preferred shares | — | — | — | 0 | (229,915) | — | — |
| Proceeds from mandatorily redeemable preferred stock due to affiliate | — | 0 | — | — | — | — | — |
| Affiliates of the Company | — | — | 152,857 | — | — | — | — |
| Private offering and merger financing refund | — | 0 | 231 | — | — | — | — |
| Net cash used in financing activities | (2,068) | (3,782) | 18,906 | (4,694) | 104,053 | (12,718) | 36,998 |
| Effect of Exchange Rate Change on Cash and Cash Equivalents | — | — | — | — | (226,000) | (149,000) | (162,000) |
| Effect of exchange rate changes on cash | 468 | (405) | 173 | (451) | — | — | — |
| Net increase (decrease) in cash and restricted cash | 7,297 | (7,736) | (7,570) | (51,336) | 75,650 | 2,001 | 719 |
| Cash and restricted cash, beginning of year | 19,701 | 27,437 | 35,007 | 86,343 | 10,693 | 8,692 | 7,973 |
| Cash and restricted cash, end of year | 26,998 | 19,701 | 27,437 | 35,007 | 86,343 | 10,693 | 8,692 |
| Supplemental cash flow information: | |||||||
| Cash paid for interest | 26,903 | 28,885 | 35,330 | 29,199 | 19,874 | 21,544 | 23,977 |
| Cash paid for income taxes (net of refunds) | 2,921 | 2,104 | 5,718 | 2,119 | 957 | 379 | 417 |
| Non-cash investing and financing activities: | |||||||
| Operating lease right-of-use assets obtained in exchange for new operating lease liabilities | 1,216 | 485 | 1,636 | 3,409 | — | — | — |
| ASU 2020-06 Adoption | — | — | 0 | 15,163 | — | — | — |
| Operating lease right-of-use assets obtained in exchange for new operating lease liabilities upon the adoption of ASC 842 | — | — | 0 | 9,604 | — | — | — |
| Premium finance agreement | — | — | 0 | 3,621 | — | — | — |
| Equity financing fees accrued | — | — | — | 0 | — | — | — |
| Common shares issued to preferred shareholders | — | — | — | 0 | — | — | — |
| Equity financing fees settled in common shares | — | — | — | 0 | — | — | — |
| Common shares issued to warrant holders | — | — | — | 0 | — | — | — |
| Common shares issued to option holders pursuant to the Cancellation Agreements | — | — | — | 0 | 1,072 | — | — |
| Common shares issued to warrant holders | — | — | — | — | 10,663,000 | — | — |
| Sponsor shares distributed to lender under Backstop Agreement | — | — | — | 0 | 683 | — | — |
| Non-cash consideration (stock) issued for acquisition | — | 0 | 14,700 | 23,295 | 56,502 | — | 7,000 |
| Equity financing fees accrued | — | — | — | — | 3,602,000 | — | — |
| Capital leases | — | — | — | — | 0 | 622,000 | 1,120,000 |
| Equity financing fees settled in common shares | — | — | — | — | 1,863,000 | — | — |
| Issuance of penny warrants | — | 0 | 5,195 | — | — | — | — |
| Right-of-use asset derecognized in connection with early lease termination | 6,807 | — | — | — | — | — | — |
| Purchases of property and equipment in accounts payable and accrued liabilities | 62 | — | — | — | — | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.