ZEUS · As filed with the SEC

Olympic Steel cash flow statement, by quarter

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 (Unaudited) · 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
Cash flows provided by operating activities:
Net income	2,154^†	5,237^†	2,509	3,889^†
Adjustments to reconcile net income to net cash provided by operating activities -
Depreciation and amortization	8,001^†	8,240^†	8,322	9,118^†
Amortization of deferred financing fees	100^†	126^†	176	—
Loss on disposition of property and equipment	(5)^†	7^†	0	10^†
Stock-based compensation	606^†	606^†	(252)	498^†
Other long-term assets	2,253^†	(7,178)^†	(4,843)	(2,952)^†
Other long-term liabilities	4,497^†	2,834^†	1,822	(846)^†
Net Cash Provided by (Used in) Operating Activities, Excluding Changes in Working Capital	17,606^†	9,872^†	7,734	9,133^†
Changes in working capital:
Accounts receivable	(5,961)^†	8,820^†	(46,394)	33,609^†
Inventories	(15,898)^†	(7,876)^†	30,478	12,219^†
Prepaid expenses and other	(3,352)^†	(898)^†	2,346	2,375^†
Accounts payable	(1,835)^†	6,265^†	58,738	(43,924)^†
Change in outstanding checks	647^†	(1,833)^†	659	(838)^†
Accrued payroll and other accrued liabilities	3,402^†	1,157^†	(4,143)	1,991^†
Increase (Decrease) in Operating Capital	(22,997)^†	5,635^†	41,684	5,432^†
Net cash provided by operating activities	(5,391)^†	15,507^†	49,418	14,565^†
Cash flows used for investing activities:
Acquisitions	—	—	—	(80,000)^†
Capital expenditures	(7,481)^†	(8,686)^†	(8,831)	(7,179)^†
Proceeds from disposition of property and equipment	63^†	—	—	5^†
Net cash used for investing activities	(7,418)^†	(8,629)^†	(8,831)	(87,174)^†
Cash flows (used for) provided by financing activities:
Credit facility revolver borrowings	151,992^†	148,427^†	110,362	212,735^†
Credit facility revolver repayments	(144,264)^†	(150,589)^†	(147,458)	(137,555)^†
Principal payment under finance lease obligation	(394)^†	(218)^†	(225)	(60)^†
Credit facility fees and expenses	0^†	(1,154)^†	(130)	(44)^†
Dividends paid on common stock	(1,792)^†	(1,791)^†	(1,786)	(1,671)^†
Net cash (used for) provided by financing activities	5,542^†	(5,325)^†	(39,237)	73,405^†
Cash and cash equivalents:
Net change	(7,267)^†	1,553^†	1,350	796^†
Beginning balance	14,815	13,262	11,912	11,116
Ending balance	7,548	14,815	13,262	11,912
Interest paid	—	—	4,016	3,786^†
Income taxes paid (received)	—	—	(2)	2,538^†

† 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.