MODVQ · As filed with the SEC

ModivCare cash flow statement, by quarter

The statement as ModivCare 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.

(Debtor-in-Possession) Unaudited Condensed Consolidated Statements of Cash Flows · USD thousands

USD thousands	Q3 2025^† 3 months ended Sep 30, 2025	Q2 2025^† 3 months ended Jun 30, 2025	Q1 2025 3 months ended Mar 31, 2025	Q4 2024^† 3 months ended Dec 31, 2024
Operating activities
Net loss	(73,131)^†	(303,689)^†	(50,377)	(23,490)^†
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	7,209^†	7,329^†	7,432	7,391^†
Amortization	16,086^†	16,085^†	16,087	19,279^†
Stock-based compensation	655^†	(430)^†	1,244	1,890^†
Deferred income taxes	0^†	0^†	(85)	(19,274)^†
Impairment of goodwill	0^†	—	—	0^†
Loss on debt extinguishment	—	—	—	0^†
Paid-in-kind interest	(26)^†	—	—	—
Amortization of deferred financing costs and debt discount	3,082^†	5,618^†	5,288	1,916^†
Equity in net loss of investee	654^†	(1,739)^†	3,295	4,285^†
Reduction of right-of-use assets	2,118^†	2,252^†	3,385	4,155^†
Changes in operating assets and liabilities:
Accounts receivable and other receivables	(15,162)^†	(19,802)^†	(17,382)	26,561^†
Contract receivables	(6,833)^†	8,737^†	(6,563)	(7,364)^†
Prepaid expenses and other current assets	(7,371)^†	(8,831)^†	(4,583)	13,210^†
Short-term deposits	(6,700)^†	—	—	—
Long-term contract receivables	—	10,989^†	(10,989)	—
Accrued contract payables	6,072^†	(5,326)^†	4,215	(24,661)^†
Accounts payable and accrued expenses	5,557^†	19,482^†	(11,133)	24,845^†
Accrued transportation costs	(23,296)^†	3,268^†	(19,890)	1,722^†
Other changes in operating assets and liabilities	(1,819)^†	(3,789)^†	(2,035)	(420)^†
Net cash used in operating activities	(50,484)^†	(22,215)^†	(82,091)	30,045^†
Investing activities
Purchase of property and equipment	(6,182)^†	(6,649)^†	(4,061)	(5,349)^†
Net cash used in investing activities	(6,182)^†	(6,649)^†	(4,061)	(5,349)^†
Financing activities
Net proceeds from short-term borrowings	—	—	—	41,000^†
Net proceeds from Revolving Credit Facility	0^†	0^†	0	—
Issuance of short-term debt	0^†	0^†	75,000	—
Issuance of long-term debt	0^†	0^†	30,000	0^†
Repayment of debt	0^†	(1,312)^†	(1,313)	(1,313)^†
Payment of debt issuance costs	0^†	(76)^†	(10,711)	(274)^†
Restricted stock surrendered for employee tax payment	—	—	—	(29)^†
Other financing activities	(4)^†	115^†	(26)	743^†
Net cash provided by financing activities	58,602^†	(1,273)^†	92,950	39,536^†
Net change in cash, cash equivalents and restricted cash	1,936^†	(30,137)^†	6,798	64,232^†
Cash, cash equivalents and restricted cash at beginning of period	89,777	119,914	113,116	48,884
Cash, cash equivalents and restricted cash at end of period	91,713	89,777	119,914	113,116
Supplemental cash flow information
Cash paid for interest	18,969^†	14,420^†	31,179	31,922^†
Cash paid for income taxes	821^†	16,414^†	1,254	1,880^†
Assets acquired under operating leases (non-cash)	1,063^†	928^†	178	913^†
Paid-in-kind debt transaction costs (non-cash)	(36)^†	0^†	7,901	—

† Derived: worked out from the filings, not stated in them. A fourth quarter is the 10-K year less the nine months in the third-quarter 10-Q; a quarter of cash flows is year to date less the prior year to date.

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.