VIASP · As filed with the SEC
Via Renewables cash flow statement, by fiscal year
The statement as Via Renewables 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 |
|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||
| Net income | 35,583 | 61,075 | 26,105 | 11,203 | (5,413) | 66,074 |
| Adjustments to reconcile net income to net cash flows provided by operating activities: | ||||||
| Depreciation and amortization expense | 21,824 | 9,446 | 9,102 | 16,703 | 21,578 | 30,767 |
| Deferred income taxes | — | — | — | 1,962 | 5,507 | 3,764 |
| Deferred income taxes | 4,793 | 10,163 | 5,154 | — | 5,507 | — |
| Stock based compensation | 0 | 2,411 | 2,295 | 3,252 | 3,448 | 2,503 |
| Amortization of deferred financing costs | — | — | — | 1,125 | 997 | 1,210 |
| Amortization of deferred financing costs | 792 | 852 | 825 | — | 997 | — |
| Bad debt expense | 1,308 | 2,469 | 3,442 | 6,865 | 445 | 4,692 |
| Loss on derivatives, net | 5,964 | 3,720 | 71,493 | (17,821) | (21,200) | 23,386 |
| Current period cash settlements on derivatives, net | 1,213 | (34,148) | (66,632) | 35,643 | 15,692 | (37,414) |
| Other | 244 | 234 | 196 | 26 | 0 | 0 |
| Changes in assets and liabilities: | ||||||
| (Increase) decrease in accounts receivables | (21,750) | (4,664) | 14,777 | (21,620) | 3,229 | 37,960 |
| (Increase) decrease in accounts receivable - affiliates | (2,147) | 564 | 1,772 | (2,636) | 1,234 | (3,020) |
| (Increase) decrease in inventory | (790) | 987 | 1,281 | (2,423) | (486) | 1,458 |
| Increase in customer acquisition costs | — | — | — | (5,870) | (1,415) | (1,513) |
| (Increase) in customer acquisition costs | (10,415) | (9,508) | (6,736) | — | (1,415) | — |
| (Increase) decrease in prepaid and other current assets | (5,609) | 4,834 | 610 | (10,475) | 654 | (2,120) |
| Decrease (increase) in other assets | 617 | (1,331) | 854 | (502) | (190) | 288 |
| Increase (decrease) in accounts payable and accrued liabilities | — | — | — | 2,707 | (10,213) | (37,012) |
| Increase (decrease) in accounts payable and accrued liabilities | 9,965 | 3,695 | (15,149) | — | (10,213) | — |
| Increase (decrease) in accounts payable—affiliates | 505 | (315) | 207 | (226) | (335) | (184) |
| Decrease in other current liabilities | 0 | 0 | (264) | (1,597) | (705) | 1,180 |
| Decrease in other non-current liabilities | 0 | 0 | (17) | (109) | (152) | (188) |
| Decrease in intangible assets—customer acquisitions | — | — | 0 | 0 | 27 | 0 |
| Net cash provided by operating activities | 42,097 | 50,484 | 49,315 | 16,207 | 12,702 | 91,831 |
| Cash flows from investing activities: | ||||||
| Purchases of property and equipment | (2,965) | (1,577) | (1,435) | (2,153) | (2,713) | (2,154) |
| Acquisition of Customers | (14,616) | (3,150) | 0 | (4,718) | (3,797) | 0 |
| Net cash used in investing activities | (17,581) | (4,727) | (1,435) | (6,871) | (6,510) | (2,154) |
| Cash flows from financing activities: | ||||||
| Buyback/Redemption of Series A Preferred Stock | (26,570) | (4,232) | — | 0 | 0 | (2,282) |
| Borrowings on notes payable | 514,425 | 586,000 | 377,000 | 289,000 | 774,000 | 612,000 |
| Payments on notes payable | (500,425) | (577,000) | (380,000) | (324,000) | (739,000) | (635,000) |
| Net paydown on subordinated debt facility | 0 | 0 | (20,000) | — | — | — |
| Net (paydown) borrowings on subordinated debt facility | — | — | — | 20,000 | 0 | 0 |
| Payment for acquired customers | — | — | — | 0 | 0 | (972) |
| Contribution for cash settlement of merger | 0 | 643 | — | — | — | — |
| Restricted stock vesting | 0 | (1,013) | (186) | (663) | (1,329) | (1,107) |
| Payment of dividends to Class A common stockholders | (9,919) | 0 | (2,874) | (11,461) | (10,987) | (10,569) |
| Payment of distributions to non-controlling unitholders | — | — | — | (14,553) | (17,436) | (29,450) |
| Payment of distributions to non-controlling unitholders | (20,419) | (11,633) | (4,308) | — | (17,436) | — |
| Payment of Preferred Stock dividends | (8,986) | (10,858) | (10,268) | (7,628) | (7,804) | (7,886) |
| Purchase of Treasury Stock | — | — | — | 0 | 0 | (395) |
| Net cash used in financing activities | (51,894) | (18,093) | (40,636) | (49,305) | (2,556) | (75,661) |
| (Decrease) increase in Cash and cash equivalents and Restricted Cash | (27,378) | 27,664 | 7,244 | (39,969) | 3,636 | 14,016 |
| Cash and cash equivalents and Restricted cash—beginning of period | 70,259 | 42,595 | 35,351 | 75,320 | 71,684 | 57,668 |
| Cash and cash equivalents and Restricted cash—end of period | 42,881 | 70,259 | 42,595 | 35,351 | 75,320 | 71,684 |
| Supplemental Disclosure of Cash Flow Information: | ||||||
| Non-cash items: | ||||||
| Property and equipment purchase accrual | (80) | 70 | (4) | (4) | (38) | 46 |
| Cash paid during the period for: | ||||||
| Interest | 6,512 | 6,064 | 8,636 | 5,561 | 3,754 | 3,859 |
| Taxes | — | 10,562 | 3,425 | 865 | (1,788) | 23,890 |
| Taxes | 4,498 | — | — | — | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.