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 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 | FY2018 Year ended Dec 31, 2018 | FY2017 Year ended Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|
| Net income | 22,980 | 44,529 | 90,931 | 121,051 | (5,595) | 3,856 | 33,759 | 18,963 |
| Adjustments to reconcile net income to net cash from (used for) operating activities - | ||||||||
| Depreciation and amortization | 30,913 | 27,176 | 20,206 | 20,954 | 20,008 | 19,548 | 18,035 | 18,587 |
| Gain on disposition of property and equipment | — | (133) | 0 | 0 | (145) | (1,522) | — | — |
| 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) | 2,026 | (222) | 64 | (52) |
| Stock-based compensation | 1,997 | 1,817 | 1,297 | 1,045 | 1,215 | 2,188 | 1,529 | 1,096 |
| Other long-term assets | — | — | — | — | — | — | — | (2,874,000) |
| Other long-term assets | (7,922) | (1,257) | 1,304 | 6,796 | (4,349) | (3,835) | 1,970 | — |
| Deferred income taxes and other long-term liabilities | 5,747 | 8,950 | 235 | (6,231) | 1,220 | 1,220 | (1,467) | (8,988) |
| Net Cash Provided by (Used in) Operating Activities, Excluding Changes in Working Capital | 53,914 | 81,082 | 111,788 | 137,525 | 14,525 | 22,755 | — | — |
| Changes in working capital: | ||||||||
| Accounts receivable | 27,166 | 44,576 | 64,781 | (131,459) | (14,790) | 42,141 | (35,906) | (30,835) |
| Inventories | (640) | 51,538 | 68,098 | (241,899) | 37,186 | 95,836 | (78,662) | (20,781) |
| Prepaid expenses and other | 357 | (2,324) | 792 | (4,850) | 2,112 | 2,464 | 47 | (1,303) |
| Accounts payable | (39,567) | 10,568 | (52,274) | 60,538 | 23,333 | (33,651) | 2,898 | 3,918 |
| Change in outstanding checks | 429 | 1,576 | 5,071 | (1,189) | (6,893) | 7,053 | 1,038 | 658 |
| Accrued payroll and other accrued liabilities | (7,980) | (11,857) | (12,403) | 34,960 | 6,179 | (7,040) | 6,194 | 2,570 |
| Increase (Decrease) in Operating Capital | (20,235) | 94,077 | 74,065 | (283,899) | 47,127 | 106,803 | (104,391) | (45,773) |
| Net cash from (used for) operating activities | — | — | — | — | — | — | — | (19,041,000) |
| Net cash from operating activities | 33,679 | 175,159 | 185,853 | (146,374) | 61,652 | 129,558 | (50,501) | — |
| Cash flows from (used for) investing activities: | ||||||||
| Acquisitions | (80,000) | (169,768) | 0 | (12,105) | (19,500) | (11,133) | (21,907) | — |
| Capital expenditures | (29,487) | (21,326) | (19,854) | (11,011) | (9,803) | (10,165) | (25,715) | (10,160) |
| Proceeds from sale of Detroit property and equipment | — | 0 | 0 | 9,506 | — | — | — | — |
| Proceeds from disposition of property and equipment | 61 | 251 | 3,293 | 146 | 1,154 | 269 | 126 | 991 |
| Net cash used for investing activities | (109,426) | (190,843) | (16,561) | (13,464) | (28,149) | (21,029) | (47,496) | (9,169) |
| Cash flows from (used for) financing activities: | ||||||||
| Credit facility revolver borrowings | 681,852 | 743,030 | 685,269 | 757,788 | 339,538 | 536,944 | 597,867 | 387,220 |
| Credit facility revolver repayments | (599,594) | (718,490) | (847,375) | (590,632) | (371,854) | (646,549) | (491,572) | (355,584) |
| Principal payments under finance lease obligation | — | — | — | — | (242) | — | (7) | — |
| Industrial revenue bond repayments | — | — | — | — | 0 | — | (930) | (895) |
| Principal payments under finance lease obligation | (990) | (1,039) | (703) | (828) | — | — | — | — |
| Credit facility fees and expenses | (153) | (1,216) | (100) | (1,325) | (124) | (100) | (171) | (969) |
| Proceeds from employee stock options | — | — | — | — | — | — | — | 10,000 |
| Dividends paid | (6,680) | (5,566) | (4,006) | (886) | (885) | (879) | (880) | (878) |
| Net cash from (used for) financing activities | 74,435 | 16,719 | (166,915) | 164,117 | (33,712) | (112,106) | 104,307 | 28,904 |
| Net change | — | — | — | — | — | (3,577,000) | 6,310,000 | 694,000 |
| Beginning balance | — | — | — | — | 5,742,000 | 9,319,000 | 3,009,000 | 2,315,000 |
| Ending balance | — | — | — | — | — | 5,742,000 | 9,319,000 | 3,009,000 |
| Cash and cash equivalents: | ||||||||
| Net change | (1,312) | 1,035 | 2,377 | 4,279 | (209) | — | — | — |
| Beginning balance | 13,224 | 12,189 | 9,812 | 5,533 | 5,742 | 9,319 | — | — |
| Ending balance | 11,912 | 13,224 | 12,189 | 9,812 | 5,533 | — | — | — |
| Interest paid | 15,273 | 14,965 | 9,635 | 6,843 | 7,002 | 10,951 | 10,241 | 6,433 |
| Income taxes paid | — | — | — | — | 1 | 460 | 11,316 | 9,357 |
| 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.