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	Q3 2024^† 3 months ended Sep 30, 2024	Q2 2024^† 3 months ended Jun 30, 2024	Q1 2024 3 months ended Mar 31, 2024	Q4 2023^† 3 months ended Dec 31, 2023
Cash flows provided by operating activities:
Net income	2,154^†	5,237^†	2,509	3,889^†	2,734^†	7,660^†	8,697	7,408^†
Adjustments to reconcile net income to net cash provided by operating activities -
Depreciation and amortization	8,001^†	8,240^†	8,322	9,118^†	7,184^†	7,277^†	7,334	8,317^†
Amortization of deferred financing fees	100^†	126^†	176	—	244^†	146^†	194	—
Loss on disposition of property and equipment	(5)^†	7^†	0	10^†	11^†	(19)^†	197	(58)^†
Stock-based compensation	606^†	606^†	(252)	498^†	499^†	478^†	522	560^†
Other long-term assets	2,253^†	(7,178)^†	(4,843)	(2,952)^†	(2,036)^†	(1,952)^†	(982)	(6,590)^†
Other long-term liabilities	4,497^†	2,834^†	1,822	(846)^†	3,842^†	2,421^†	330	4,781^†
Net Cash Provided by (Used in) Operating Activities, Excluding Changes in Working Capital	17,606^†	9,872^†	7,734	9,133^†	12,478^†	16,011^†	16,292	13,895^†
Changes in working capital:
Accounts receivable	(5,961)^†	8,820^†	(46,394)	33,609^†	19,090^†	(1,929)^†	(23,604)	42,037^†
Inventories	(15,898)^†	(7,876)^†	30,478	12,219^†	(13,154)^†	11,327^†	(11,032)	9,725^†
Prepaid expenses and other	(3,352)^†	(898)^†	2,346	2,375^†	(3,604)^†	(1,446)^†	3,032	1,665^†
Accounts payable	(1,835)^†	6,265^†	58,738	(43,924)^†	4,030^†	(28,452)^†	28,779	(11,620)^†
Change in outstanding checks	647^†	(1,833)^†	659	(838)^†	2,208^†	(1,873)^†	932	1,058^†
Accrued payroll and other accrued liabilities	3,402^†	1,157^†	(4,143)	1,991^†	3,578^†	3,458^†	(17,007)	(2,600)^†
Increase (Decrease) in Operating Capital	(22,997)^†	5,635^†	41,684	5,432^†	12,148^†	(18,915)^†	(18,900)	40,265^†
Net cash provided by operating activities	(5,391)^†	15,507^†	49,418	14,565^†	24,626^†	(2,904)^†	(2,608)	54,160^†
Cash flows used for investing activities:
Acquisitions	—	—	—	(80,000)^†	0^†	0^†	0	(40,292)^†
Capital expenditures	(7,481)^†	(8,686)^†	(8,831)	(7,179)^†	(9,067)^†	(8,423)^†	(4,818)	(1,762)^†
Proceeds from disposition of property and equipment	63^†	—	—	5^†	21^†	35^†	0	122^†
Net cash used for investing activities	(7,418)^†	(8,629)^†	(8,831)	(87,174)^†	(9,046)^†	(8,388)^†	(4,818)	(41,932)^†
Cash flows (used for) provided by financing activities:
Credit facility revolver borrowings	151,992^†	148,427^†	110,362	212,735^†	139,350^†	163,172^†	166,595	190,364^†
Credit facility revolver repayments	(144,264)^†	(150,589)^†	(147,458)	(137,555)^†	(151,260)^†	(150,786)^†	(159,993)	(196,693)^†
Principal payment under finance lease obligation	(394)^†	(218)^†	(225)	(60)^†	(327)^†	(314)^†	(289)	(302)^†
Credit facility fees and expenses	0^†	(1,154)^†	(130)	(44)^†	(2)^†	(7)^†	(100)	(73)^†
Dividends paid on common stock	(1,792)^†	(1,791)^†	(1,786)	(1,671)^†	(1,668)^†	(1,670)^†	(1,671)	(1,391)^†
Net cash (used for) provided by financing activities	5,542^†	(5,325)^†	(39,237)	73,405^†	(13,907)^†	10,395^†	4,542	(8,095)^†
Cash and cash equivalents:
Net change	(7,267)^†	1,553^†	1,350	796^†	1,673^†	(897)^†	(2,884)	4,133^†
Beginning balance	14,815	13,262	11,912	11,116	9,443	10,340	13,224	9,091
Ending balance	7,548	14,815	13,262	11,912	11,116	9,443	10,340	13,224
Interest paid	—	—	4,016	3,786^†	3,796^†	4,101^†	3,590	3,490^†
Income taxes paid (received)	—	—	(2)	2,538^†	773^†	6,803^†	(69)	8,004^†

† 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.