← Arq, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — ($8.9m) ($12.2m) ($5.1m) ($52.6m)
Net Income (Loss) Attributable to Parent $97.7m $27.9m $35.5m $35.5m ($20.3m) $60.4m ($8.9m) ($12.2m) ($5.1m) ($52.6m)
Net Income (Loss) Available to Common Stockholders, Basic $96.6m $27.7m $35.3m $35.5m ($20.3m) — ($8.9m) ($12.2m) ($5.1m) ($52.6m)
Depreciation, Depletion and Amortization $979k $789k $723k $7.4m $8.5m $7.9m $6.4m $10.5m $8.6m $11.7m
Amortization of Debt Issuance Costs $1.2m — $94k $1.7m $1.4m $945k $0 $546k $601k $359k
Amortization of Debt Issuance Costs and Discounts $1.2m — $94k $1.7m $1.4m $945k $0 $546k $601k $359k
Amortization of Intangible Assets $100k $100k $200k $1.0m $1.0m $900k $500k $800k $400k $400k
Depreciation $200k — $500k $6.0m $6.8m $5.5m $4.9m $8.5m $6.9m $10.2m
Depreciation Amortization Depletion — — — — — — $6.4m $10.5m $8.6m $11.7m
Deferred Income Tax Expense (Benefit) — ($474k) $4.5m $8.7m $3.5m $10.6m $0 — — —
Deferred Income Tax — — — — — $10.6m $0 — — —
Deferred Tax — — — — — $10.6m $0 — — —
Share-based Payment Arrangement, Noncash Expense $2.9m $2.2m $2.5m $2.0m $2.5m $1.9m $2.0m $2.6m $2.7m $3.4m
Payment, Tax Withholding, Share-based Payment Arrangement — — — $451k $537k $246k $388k $230k $1.1m $66k
Share-based Payment Arrangement, Expense $2.9m $2.2m $2.5m $2.0m $2.5m $1.9m $2.0m $2.6m $2.7m $3.4m
Equity Method Investment, Other than Temporary Impairment $0 $0 $0 $0 $0 ($68.7m) ($3.5m) ($1.6m) ($127k) ($2.0m)
Share-based Payment Arrangement, Expensed and Capitalized, Amount $400k $0 $800k $0 $600k — — — — —
Asset Impairment Charge — — — — — ($36k) — — $0 $44.8m
Equity Method Investment, Realized Gain (Loss) on Disposal $2.1m $0 ($54.2m) ($69.2m) ($31.0m) ($68.7m) ($3.5m) ($1.6m) ($127k) ($2.0m)
Gain (Loss) on Disposition of Assets — — — — — — — — ($64k) ($96k)
Gain (Loss) on Disposition of Other Assets — — — — — — — $2.7m — —
Gain (Loss) on Extinguishment of Debt $1.0m $0 — — $0 $3.3m $0 $0 ($1.4m) $0
Income (Loss) from Equity Method Investments $45.6m $53.8m $54.2m $69.2m $31.0m $68.7m $3.5m $1.6m $127k $2.0m
Income Tax Expense (Benefit) ($60.9m) $24.2m $10.4m $12.0m $6.5m $15.7m $209k $153k ($164k) $12k
Interest Expense Nonoperating — — — — — — — — $3.3m $2.4m
Operating Lease, Expense — — $0 $4.4m $4.4m $4.0m $4.4m $5.9m $5.3m $5.7m
Other Nonoperating Income (Expense) $2.5m $2.0m ($19k) $427k $132k $640k $155k $2.6m $1.2m $858k
Earnings (Loss)es From Equity Investments — — — — — — ($3.5m) ($1.6m) ($127k) ($2.0m)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $301k ($6.7m) $1.8m ($2.1m) $2.5m ($540k) $1.3m — — —
Increase (Decrease) in Inventories — — ($237k) ($5.5m) ($4.7m) ($1.4m) $9.7m $2.6m ($1.6m) ($3.2m)
Increase (Decrease) in Accounts Payable ($4.3m) ($920k) ($197k) $2.2m ($196k) $2.0m — — — —
Asset Retirement Obligation, Accretion Expense $64k $37k $2k $205k $543k $1.1m $611k $582k $666k $513k
Gain (Loss) Related to Litigation Settlement — $3.5m $0 — $1.1m $0 — — — —
General and Administrative Expense $3.7m $3.9m $3.4m $8.1m $8.2m $7.1m $8.1m $12.6m — —
Investment Income, Interest $268k $54k $239k — — — — — — —
Nonoperating Income (Expense) $52.8m $65.8m $52.3m $62.4m $27.2m $71.2m $3.4m $1.2m ($3.3m) $360k
Operating Costs and Expenses — — — — — — — $67.3m — —
Operating Expenses $66.7m $49.5m $30.3m $85.0m $102.6m $95.4m $115.1m $112.5m $41.4m $86.5m
Proceeds from Stock Options Exercised $0 — — $200k — — — — — —
Restructuring Costs $1.6m — $3.1m — — — — — — —
Revenue from Contract with Customer, Including Assessed Tax — — $23.9m $70.1m $61.6m $100.3m $103.0m $99.2m $109.0m $120.3m
Beginning Cash Position — — — — — — $88.8m $76.4m $54.2m $22.2m
Cash Flow From Continuing Financing Activities — — — — — — ($1.7m) $22.9m $42.7m $3.7m
Cash Flow From Continuing Investing Activities — — — — — — ($4.6m) ($28.5m) ($85.1m) ($8.2m)
Change In Inventory — — — — — — ($9.7m) ($2.6m) $1.6m $3.2m
Change In Other Current Assets — — — — — — $245k ($4.8m) ($2.2m) ($4.1m)
Change In Other Current Liabilities — — — — — — $2.5m $412k ($1.9m) ($536k)
Change In Payables And Accrued Expense — — — — — — ($911k) ($12.1m) $216k ($6.7m)
Change In Prepaid Assets — — — — — — ($876k) $4.8m $1.2m ($2.0m)
Change In Receivables — — — — — — $1.2m ($2.3m) $1.3m ($104k)
Change In Working Capital — — — — — — ($7.5m) ($16.5m) $276k ($10.2m)
Changes In Account Receivables — — — — — $540k ($1.3m) — — —
Changes In Cash — — — — — — ($12.3m) ($22.3m) ($31.9m) ($7.2m)
End Cash Position — — — — — — $76.4m $54.2m $22.2m $15.0m
Financing Cash Flow — — — — — — ($1.7m) $22.9m $42.7m $3.7m
Free Cash Flow — — — — — — ($15.0m) ($44.2m) ($74.7m) ($11.3m)
Gain Loss On Sale Of Business — — — — — — $0 ($2.7m) — —
Investing Cash Flow — — — — — — ($4.6m) ($28.5m) ($85.1m) ($8.2m)
Issuance Of Capital Stock — — — — — — $0 $16.2m $42.4m $0
Net Business Purchase And Sale — — — — — — $0 $48k $0 —
Net PPE Purchase And Sale — — — — — — ($7.7m) ($27.5m) ($85.0m) ($8.6m)
Operating Gains Losses — — — — — — ($3.5m) ($4.4m) $1.4m ($1.9m)
Other Non Cash Items — — — — — — $3.2m $3.2m $2.6m $2.1m
Purchase Of Business — — — — — — $0 ($2.2m) $0 —
Purchase Of PPE $289k $485k $467k $7.9m $6.7m $6.2m ($8.9m) ($27.5m) ($85.2m) ($8.6m)
Repurchase Of Capital Stock — — — — — — ($388k) ($230k) ($1.1m) ($66k)
Sale Of Business — — — — — — $0 $2.2m $0 —
Sale Of PPE — — — — — — $1.3m $0 $150k $10k
Stock Based Compensation — — — — — — $2.0m $2.6m $2.7m $3.4m
Net Cash Provided by (Used in) Operating Activities ($18.3m) ($11.7m) ($9.9m) $62.3m $54.5m $26.0m ($6.1m) ($16.7m) $10.5m ($2.7m)
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $289k $485k $467k — — — ($8.9m) $0 $1.0m $0
Payments to Acquire Businesses, Net of Cash Acquired $0 $0 $62.5m $661k $0 — — — — —
Net Other Investing Changes — — — — — — ($583k) ($2.7m) ($181k) $154k
Net Cash Provided by (Used in) Investing Activities $39.9m $48.4m ($16.5m) ($13.2m) ($7.9m) $44.4m ($4.6m) ($28.5m) ($85.1m) ($8.2m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $0 — — — — — — — — —
Issuance Of Debt — — — — — — $0 $8.5m $13.8m $128.9m
Long Term Debt Issuance — — — — — $0 $0 $8.5m $0 —
Net Issuance Payments Of Debt — — — — — — ($1.2m) $6.9m $2.3m $3.8m
Net Long Term Debt Issuance — — — — — — ($1.2m) $6.9m ($11.6m) ($1.4m)
Net Short Term Debt Issuance — — — — — — — $0 $13.8m $5.1m
Short Term Debt Issuance — — — — — — — $0 $13.8m $128.9m
Long Term Debt Payments — — — — — — ($1.2m) ($1.6m) ($11.6m) ($1.4m)
Repayment Of Debt — — — — — — ($1.2m) ($1.6m) ($11.6m) ($125.2m)
Short Term Debt Payments — — — — — — — — $0 ($123.8m)
Common Stock Issuance — — — — — — $0 $16.2m $42.4m $0
Net Common Stock Issuance — — — — — — ($388k) $16.0m $41.3m ($66k)
Payments for Repurchase of Common Stock — $16.4m $25.3m $5.8m $159k $0 $388k $230k $1.1m $66k
Common Stock Payments — — — — — — ($388k) ($230k) ($1.1m) ($66k)
Dividends paid — $15.7m $20.2m $18.3m $5.0m $93k $45k $0 — —
Dividends Payable — $139k $125k $284k $32k $0 — — — —
Cash Dividends Paid — — — — — ($93k) ($45k) $0 — —
Common Stock Dividend Paid — — — — — ($93k) ($45k) $0 — —
Dividend Received CFO — — — — — $22.9m $2.3m $0 — —
Dividends Received CFI — — — — — — $3.6m $1.6m $127k $251k
Proceeds from (Payments for) Other Financing Activities — — ($76k) $156k $0 — — — — —
Net Other Financing Charges — — — — — — — $8.5m ($853k) —
Net Cash Provided by (Used in) Financing Activities ($15.7m) ($32.9m) $19.5m ($55.7m) ($27.7m) ($17.5m) ($1.7m) $22.9m $42.7m $3.7m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — ($6.9m) ($6.7m) $18.9m $52.8m ($12.3m) ($22.3m) ($31.9m) ($7.2m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — $30.7m $23.8m $17.1m $35.9m $88.8m $76.4m $54.2m $22.2m $15.0m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($12.3m) ($22.3m) ($31.9m) ($7.2m)
Interest Paid, Excluding Capitalized Interest, Operating Activities $3.6m $3.6m $1.4m $5.7m $2.5m $524k $334k $1.7m $2.0m $661k
Income Taxes Paid, Net — $1.7m $7.5m $4.3m ($84k) $8.9m $3k ($1.7m) — ($27k)

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.