NCSM · As filed with the SEC
NCS Multistage Holdings cash flow statement, by fiscal year
The statement as NCS Multistage 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 |
|---|---|---|---|---|
| Cash flows from operating activities | ||||
| Net income | 26,037 | 8,138 | (3,111) | (952) |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | 5,885 | 5,316 | 4,616 | 4,319 |
| Amortization of deferred loan cost | 215 | 208 | 204 | 231 |
| Write-off of deferred loan costs | — | — | — | 196,000 |
| Share-based compensation | 6,205 | 5,213 | 5,365 | 6,039 |
| Provision for inventory obsolescence | 857 | 1,136 | 1,235 | 2,542 |
| Deferred income tax benefit | (10,965) | (380) | 152 | 266 |
| Gain on sale of property and equipment | (496) | (506) | 258 | (361) |
| Provision for doubtful accounts | — | — | — | (61,000) |
| Change in fair value of contingent consideration | 156 | — | — | — |
| (Recovery of) provision for credit losses | (28) | 41 | 162 | — |
| Proceeds from note receivable | — | — | 546,000 | 590,000 |
| Net foreign currency unrealized (gain) loss | (1,693) | 2,365 | — | — |
| Proceeds from note receivable | 0 | 61 | — | — |
| Changes in operating assets and liabilities: | ||||
| Accounts receivable—trade | — | — | 4,541,000 | (4,860,000) |
| Accounts receivable—trade | (5,499) | (9,154) | — | — |
| Inventories, net | 2,209 | (2,806) | (5,758) | (7,678) |
| Prepaid expenses and other assets | 3,987 | (1,087) | 2,563 | 1,347 |
| Accounts payable—trade | 427 | 2,706 | (2,583) | 1,224 |
| Accrued expenses | 719 | 4,841 | (649) | (1,777) |
| Other liabilities | (5,975) | (3,401) | (2,558) | (2,852) |
| Income taxes receivable/payable | 134 | 34 | (209) | 364 |
| Net cash provided by operating activities | 22,175 | 12,725 | 4,774 | (1,423) |
| Cash flows from investing activities | ||||
| Purchases of property and equipment | (1,201) | (1,309) | (1,882) | (1,035) |
| Purchase and development of software and technology | — | — | (310,000) | (96,000) |
| Purchase and development of software and technology | (106) | (70) | — | — |
| Proceeds from sales of property and equipment | 772 | 592 | 509 | 433 |
| Acquisition of business, net of cash acquired | (5,758) | — | — | — |
| Proceeds from company-owned life insurance policy | 0 | 1,266 | — | — |
| Net cash (used in) provided by investing activities | (6,293) | 479 | (1,683) | (698) |
| Cash flows from financing activities | ||||
| Payments on finance leases | — | — | (1,598,000) | (1,463,000) |
| Payments on finance leases | (2,222) | (1,952) | — | — |
| Line of credit borrowings | 2,338 | 3,062 | 11,702 | 11,780 |
| Payments of line of credit borrowings | (2,338) | (3,062) | (11,758) | (11,724) |
| Treasury shares withheld | — | — | (287,000) | (383,000) |
| Treasury shares withheld | (326) | (267) | — | — |
| Distribution to non-controlling interest | (2,700) | (2,050) | (500) | — |
| Payment of deferred loan cost related to ABL facility | — | — | — | (952,000) |
| Payment of deferred loan cost related to ABL Facility | (55) | — | — | — |
| Net cash used in financing activities | (5,303) | (4,269) | (2,441) | (2,742) |
| Net change in cash and cash equivalents | 10,845 | 9,160 | 486 | (5,934) |
| Cash and cash equivalents beginning of period | — | 16,720,000 | 16,234,000 | 22,168,000 |
| Cash and cash equivalents end of period | — | — | 16,720,000 | 16,234,000 |
| Cash and cash equivalents beginning of period | 25,880 | 16,720 | — | — |
| Cash and cash equivalents end of period | 36,725 | 25,880 | — | — |
| Effect of exchange rate changes on cash and cash equivalents | 266 | 225 | (164) | (1,071) |
| Supplemental cash flow information | ||||
| Cash paid for interest (net of interest received and amounts capitalized) | 75 | 173 | 377 | 557 |
| Cash paid for income taxes (net of refunds) | 1,612 | 431 | (144) | (303) |
| Noncash investing and financing activities | ||||
| Assets obtained in exchange for new finance lease liabilities | 1,621 | 2,263 | 1,972 | 1,788 |
| Assets obtained in exchange for new operating lease liabilities | 405 | 3,056 | 1,780 | 1,450 |
| Debt assumed in acquisition of business | 324 | — | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.