ZEUS · As filed with the SEC
Olympic Steel cash flow statement, by fiscal year
The statement as Olympic Steel 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 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 |
|---|---|---|---|---|
| Net income | 22,980 | 44,529 | 90,931 | 121,051 |
| Adjustments to reconcile net income to net cash from (used for) operating activities - | ||||
| Depreciation and amortization | 30,913 | 27,176 | 20,206 | 20,954 |
| Gain on disposition of property and equipment | — | (133) | 0 | 0 |
| Gain on disposition of Detroit operation (before expenses of $2,569) | — | 0 | 0 | (6,068) |
| Loss (gain) on disposition of property and equipment | 199 | — | (2,185) | (22) |
| Stock-based compensation | 1,997 | 1,817 | 1,297 | 1,045 |
| Other long-term assets | (7,922) | (1,257) | 1,304 | 6,796 |
| Deferred income taxes and other long-term liabilities | 5,747 | 8,950 | 235 | (6,231) |
| Net Cash Provided by (Used in) Operating Activities, Excluding Changes in Working Capital | 53,914 | 81,082 | 111,788 | 137,525 |
| Changes in working capital: | ||||
| Accounts receivable | 27,166 | 44,576 | 64,781 | (131,459) |
| Inventories | (640) | 51,538 | 68,098 | (241,899) |
| Prepaid expenses and other | 357 | (2,324) | 792 | (4,850) |
| Accounts payable | (39,567) | 10,568 | (52,274) | 60,538 |
| Change in outstanding checks | 429 | 1,576 | 5,071 | (1,189) |
| Accrued payroll and other accrued liabilities | (7,980) | (11,857) | (12,403) | 34,960 |
| Increase (Decrease) in Operating Capital | (20,235) | 94,077 | 74,065 | (283,899) |
| Net cash from operating activities | 33,679 | 175,159 | 185,853 | (146,374) |
| Cash flows from (used for) investing activities: | ||||
| Acquisitions | (80,000) | (169,768) | 0 | (12,105) |
| Capital expenditures | (29,487) | (21,326) | (19,854) | (11,011) |
| Proceeds from sale of Detroit property and equipment | — | 0 | 0 | 9,506 |
| Proceeds from disposition of property and equipment | 61 | 251 | 3,293 | 146 |
| Net cash used for investing activities | (109,426) | (190,843) | (16,561) | (13,464) |
| Cash flows from (used for) financing activities: | ||||
| Credit facility revolver borrowings | 681,852 | 743,030 | 685,269 | 757,788 |
| Credit facility revolver repayments | (599,594) | (718,490) | (847,375) | (590,632) |
| Principal payments under finance lease obligation | (990) | (1,039) | (703) | (828) |
| Credit facility fees and expenses | (153) | (1,216) | (100) | (1,325) |
| Dividends paid | (6,680) | (5,566) | (4,006) | (886) |
| Net cash from (used for) financing activities | 74,435 | 16,719 | (166,915) | 164,117 |
| Cash and cash equivalents: | ||||
| Net change | (1,312) | 1,035 | 2,377 | 4,279 |
| Beginning balance | 13,224 | 12,189 | 9,812 | 5,533 |
| Ending balance | 11,912 | 13,224 | 12,189 | 9,812 |
| Interest paid | 15,273 | 14,965 | 9,635 | 6,843 |
| Income taxes paid | 10,045 | 13,603 | 33,404 | 46,548 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.