← Keel Infrastructure Corp.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
| Net Income From Continuing Operations | — | — | — | — | ($175.6m) | ($55.5m) | ($28.4m) | ($284.5m) | ($374.3m) | |
| Net loss | — | — | ($16.3m) | $22.1m | ($239.1m) | ($104.0m) | ($54.1m) | — | — | |
| Net Income (Loss) Attributable to Parent | — | — | — | — | ($175.6m) |
($39.9m)
+77.26%
|
($7.4m)
+81.57%
|
($284.5m)
-3766.61%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | ($16.3m) | $22.1m | ($239.1m) | ($108.9m) | ($54.1m) | ($284.5m) | — | |
| Depreciation and amortization | — | — | $11.5m | $24.5m | $72.4m | $84.8m | $141.0m | $122.6m | $122.0m | |
| Amortization of Debt Issuance Costs | — | — | — | — | — | — | — | $278k | — | |
| Amortization Cash Flow | — | — | — | — | — | $148k | $633k | $711k | — | |
| Amortization Of Intangibles | — | — | — | — | — | $148k | $633k | $711k | $711k | |
| Depreciation Amortization Depletion | — | — | — | — | $72.4m | $84.3m | $135.4m | $122.6m | $122.0m | |
| Adjustments For Deferred Tax Of Prior Periods | — | — | ($138k) | ($693k) | ($4k) | $1.4m | $805k | — | — | |
| Deferred Other Tax Expense (Benefit) | — | — | — | — | — | — | — | $47.9m | — | |
| Deferred Income Tax | — | — | — | — | ($32.4m) | $13.8m | ($1.7m) | $406k | $406k | |
| Deferred Tax | — | — | — | — | ($32.4m) | $13.8m | ($1.7m) | $406k | $406k | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | — | — | — | — | $15.0m | $14.4m | |
| Adjustments For Share-Based Payments | — | — | $2.2m | $22.6m | $21.8m | $10.9m | $13.9m | — | — | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | — | $14.8m | $14.4m | |
| Asset Impairment Charge | — | — | — | — | $93.1m | $12.6m | $3.6m | $101.8m | $98.6m | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | — | ($6.1m) | — | |
| Nonoperating Income (Expense) | — | — | — | — | — | — | — | ($58.8m) | — | |
| Changes in operating assets and liabilities: | ||||||||||
| Change In Working Capital | — | — | — | — | ($4.0m) | $2.7m | ($7.5m) | $1.1m | ($36.5m) | |
| Increase (Decrease) in Accounts Receivable | — | — | — | — | — | — | — | ($1.5m) | ($1.5m) | |
| Change In Receivables | — | — | — | — | $429k | ($13k) | ($545k) | ($1.5m) | ($1.5m) | |
| Changes In Account Receivables | — | — | — | — | $429k | ($13k) | ($545k) | ($1.5m) | ($1.5m) | |
| Increase (Decrease) in Inventories | — | — | — | — | — | — | — | ($5.0m) | ($5.0m) | |
| Change In Inventory | — | — | — | ($379k) | — | ($117k) | ($475k) | ($5.0m) | ($5.0m) | |
| Change In Other Current Assets | — | — | — | — | ($4.6m) | $1.1m | $2.3m | $10.0m | $10.0m | |
| Change In Other Current Liabilities | — | — | — | — | — | $1.7m | $1.7m | $84k | ($50k) | |
| Net Cash Provided by (Used in) Operating Activities | — | — | $7.2m |
($37.2m)
-614.61%
|
$36.2m
+197.52%
|
$23.6m
-34.90%
|
($140.6m)
-695.65%
|
($226.6m)
-61.21%
|
($272.4m)
-20.23%
|
|
| Cash flows from investing activities: | ||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | $879k | $1.1m | $10.5m | $3.1m | $5.5m | ($1.6m) | ($21.6m) | |
| Equipment and construction prepayments | — | — | — | — | ($41.8m) | ($22.9m) | ($52.9m) | — | — | |
| Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | — | — | $879k | $1.1m | $10.5m | $3.1m | $5.5m | — | — | |
| Purchase of property, plant and equipment | — | — | ($4.5m) | ($108.2m) | ($153.1m) | ($48.4m) | ($286.9m) | ($120.5m) | — | |
| Purchase of marketable securities | — | — | — | ($6.7m) | ($150.7m) | ($36.3m) | ($22.4m) | — | — | |
| Proceeds from disposition of marketable securities | — | — | — | $12.8m | $202.4m | $48.5m | $24.7m | — | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | — | $48.1m | $0 | |
| Net Other Investing Changes | — | — | — | — | — | ($2.4m) | $15.5m | $159.3m | $132.2m | |
| Net Cash Provided by (Used in) Investing Activities | — | — | — | — | — | — | — | $103.7m | $74.6m | |
| Cash flows from financing activities: | ||||||||||
| Proceeds From Borrowings Classified As Financing Activities | — | — | — | $60.0m | $40.0m | — | — | — | — | |
| Proceeds from Issuance of Long-term Debt | — | — | — | — | — | — | — | $666.5m | $666.5m | |
| Proceeds from long-term debt | — | — | $84k | $14.2m | $67.2m | — | $1.7m | — | — | |
| Issuance Of Debt | — | — | — | — | $107.2m | $0 | $1.7m | $666.5m | $666.5m | |
| Long Term Debt Issuance | — | — | — | — | $67.2m | $0 | $1.7m | $666.5m | $666.5m | |
| Net Issuance Payments Of Debt | — | — | — | — | ($30.1m) | ($33.0m) | ($3.5m) | $664.9m | $551.3m | |
| Net Long Term Debt Issuance | — | — | — | — | $29.9m | ($33.0m) | ($3.5m) | $664.9m | $551.3m | |
| Net Short Term Debt Issuance | — | — | — | $60.0m | ($60.0m) | $0 | — | — | — | |
| Short Term Debt Issuance | — | — | — | $60.0m | $40.0m | $0 | — | — | — | |
| Repayments of Long-term Debt | — | — | — | — | — | — | — | $785k | ($115.1m) | |
| Repayment of long-term debt | — | — | ($488k) | ($20.5m) | ($31.2m) | ($30.5m) | ($4.1m) | — | — | |
| Long Term Debt Payments | — | — | — | — | ($37.3m) | ($33.0m) | ($5.2m) | ($1.6m) | ($115.1m) | |
| Repayment Of Debt | — | — | — | — | ($137.3m) | ($33.0m) | ($5.2m) | ($1.6m) | ($115.1m) | |
| Short Term Debt Payments | — | — | — | $0 | ($100.0m) | $0 | — | — | — | |
| Issuance Of Capital Stock | — | — | — | — | $54.1m | $109.1m | $289.5m | $72.7m | $49.1m | |
| Repurchase Of Capital Stock | — | — | — | — | — | $0 | $0 | ($10.0m) | ($10.0m) | |
| Common Stock Issuance | — | — | — | — | $54.1m | $109.1m | $289.5m | $72.7m | $49.1m | |
| Common Stock Payments | — | — | — | — | — | $0 | $0 | ($10.0m) | ($10.0m) | |
| Net Other Financing Charges | — | — | — | — | — | — | $714k | ($69.1m) | ($69.1m) | |
| Net (decrease) increase in cash | — | — | — | $119.7m | ($94.8m) | $53.1m | ($24.5m) | — | — | |
| Cash, beginning of the year | — | $2.2m | $5.9m | $125.6m | $30.9m | $84.0m | $59.5m | — | — | |
| Beginning Cash Position | — | — | — | — | $125.6m | $30.9m | $84.0m | $59.5m | $38.5m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | — | ($8k) | $102k | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | — | $631.0m | $398.2m | |
| Exchange rate differences on currency translation | — | — | ($15k) | ($21k) | $43k | $18k | ($9k) | — | — | |
| Effect Of Exchange Rate Changes | — | — | — | — | $43k | $18k | ($8k) | ($8k) | $102k | |
| Additional Supplementary Disclosures | ||||||||||
| Additional Supplementary Disclosures | ||||||||||
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | ($208.5m) | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | ($76.0m) | — | |
| Adjustments For Income Tax Expense | — | — | — | — | ($17.4m) | ($401k) | ($14.3m) | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | — | — | $5.5m | — | |
| Income Tax Expense (Benefit) | — | — | — | — | — | — | — | $101k | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | $8.6m | — | |
| Changes in non-cash working capital components | — | — | $3.2m | $15.4m | ($4.0m) | $1.2m | ($9.2m) | — | — | |
| Additional Financial Items | ||||||||||
| Adjustments For Current Tax Of Prior Period | — | — | — | $177k | $68k | ($252k) | $748k | — | — | |
| Adjustments For Finance Costs | — | — | $9.4m | $21.0m | — | $12.1m | $1.7m | — | — | |
| Asset Retirement Obligation, Accretion Expense | — | — | — | — | — | — | — | $222k | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | — | — | — | $945k | — | |
| General and Administrative Expense | — | — | $8.2m | $43.2m | $51.5m | $39.3m | $71.2m | $78.3m | — | |
| Goodwill | — | — | — | $17.0m | — | — | — | — | $98.6m | |
| Interest Received Classified As Operating Activities | — | — | — | — | — | — | $5.6m | — | — | |
| Payments Of Lease Liabilities Classified As Financing Activities | — | — | $1.5m | $4.2m | $6.1m | $3.6m | $2.2m | — | — | |
| Proceeds From Disposal Or Maturity Of Availableforsale Financial Assets | — | — | — | — | — | $48.5m | — | — | — | |
| Proceeds From Issuing Shares | — | — | — | — | — | $109.1m | $289.5m | — | — | |
| Purchase Of Intangible Assets Classified As Investing Activities | — | — | $4.5m | $108.2m | $153.1m | — | — | — | — | |
| Net financial (income) expenses | — | — | — | $21.0m | ($27.6m) | $32.3m | ($39.2m) | — | — | |
| Digital assets earned | — | — | — | — | $158.7m | $129.3m | ($186.5m) | — | — | |
| Reversal of revaluation loss on digital assets | — | — | — | — | ($2.2m) | ($2.7m) | — | — | — | |
| Interest income received | — | — | — | — | — | $1.8m | $5.6m | — | — | |
| Proceeds from sale of digital assets | — | — | — | — | — | $129.3m | $152.1m | — | — | |
| Net change in cash related to investing activities | — | — | ($3.6m) | ($215.1m) | ($155.0m) | ($58.3m) | ($178.4m) | — | — | |
| Issuance of common shares and warrants | — | — | $54k | $259.2m | $54.1m | $109.1m | $289.5m | — | — | |
| Repayment of lease liabilities | — | — | ($1.5m) | ($4.2m) | ($6.1m) | ($3.6m) | ($2.2m) | — | — | |
| Exercise of stock options and warrants | — | — | — | — | $21k | $13.0m | $8.9m | — | — | |
| Net change in cash related to financing activities | — | — | $185k | $372.0m | $24.0m | $87.9m | $294.5m | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | $24.0m | $89.1m | $295.6m | $694.3m | $557.6m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | $3.7m | $71.0m | ($178.4m) | $103.7m | $74.6m | |
| Change In Account Payable | — | — | — | — | $94k | ($533k) | ($15.8m) | ($2.0m) | ($2.0m) | |
| Change In Income Tax Payable | — | — | — | — | ($126k) | $156k | ($178k) | ($406k) | ($406k) | |
| Change In Payable | — | — | — | — | ($32k) | ($377k) | ($16.0m) | ($2.5m) | ($2.0m) | |
| Change In Prepaid Assets | — | — | — | — | $188k | $420k | $5.5m | ($19k) | ($19k) | |
| Change In Tax Payable | — | — | — | — | ($126k) | $156k | ($178k) | ($406k) | ($406k) | |
| Changes In Cash | — | — | — | — | ($94.8m) | $53.1m | ($24.5m) | $571.4m | $359.7m | |
| End Cash Position | — | — | — | — | $30.9m | $84.0m | $59.5m | $631.0m | $398.2m | |
| Financing Cash Flow | — | — | — | — | $24.0m |
$89.1m
+270.90%
|
$295.6m
+231.94%
|
$694.3m
+134.87%
|
$557.6m
-19.69%
|
|
| Free Cash Flow | — | — | — | — | ($317.4m) | ($178.2m) | ($481.6m) | ($347.1m) | ($407.3m) | |
| Gain Loss On Investment Securities | — | — | — | — | $150.8m | ($7.7m) | ($27.2m) | ($28.2m) | ($28.2m) | |
| Gain Loss On Sale Of PPE | — | — | — | ($848k) | $1.3m | $1.8m | $336k | — | — | |
| Interest Received CFO | — | — | — | — | — | $1.8m | $5.6m | $4.6m | $6.9m | |
| Investing Cash Flow | — | — | — | — | $3.7m | $71.0m | ($178.4m) | $103.7m | $74.6m | |
| Net Business Purchase And Sale | — | — | — | — | $0 | $0 | $0 | $15.0m | $31.0m | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | $7.8m | $1.5m | — | — | |
| Net PPE Purchase And Sale | — | — | — | — | ($184.5m) | ($68.2m) | ($334.4m) | ($85.9m) | ($100.8m) | |
| Operating Gains Losses | — | — | — | — | $152.1m | ($6.1m) | ($27.9m) | ($33.7m) | ($21.6m) | |
| Other Non Cash Items | — | — | — | — | ($247.7m) | ($149.9m) | ($205.9m) | ($203.2m) | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | $21k | $13.0m | $8.9m | $35.7m | $36.2m | |
| Purchase Of Business | — | — | — | — | $0 | $0 | $0 | ($48.1m) | $0 | |
| Purchase Of PPE | — | — | — | $17.6m | ($195.0m) | ($71.3m) | ($339.9m) | ($120.5m) | ($134.8m) | |
| Sale Of Business | — | — | — | — | — | $0 | $0 | $63.0m | $31.0m | |
| Sale Of PPE | — | — | — | — | $10.5m | $3.1m | $5.5m | $34.6m | $34.0m | |
| Stock Based Compensation | — | — | — | — | $21.8m | $10.9m | $12.7m | $15.0m | $14.4m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | ($2.2m) | ($7.6m) | ($26.0m) | $50.5m | $68.9m | |
| Net Investment Purchase And Sale | — | — | — | — | $188.1m | $141.6m | $140.5m | $15.4m | $12.2m | |
| Purchase Of Investment | — | — | — | — | ($194.0m) | ($36.3m) | ($36.3m) | ($189.7m) | ($154.0m) | |
| Sale Of Investment | — | — | — | — | $382.1m | $177.8m | $176.8m | $205.1m | $166.2m | |
| Supplemental disclosure of cash flow information: | ||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | ($94.8m) | $53.1m | ($24.5m) | $571.4m | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | ($4.2m) | ($4.0m) | ($17.7m) | ($12.1m) | ($1.7m) | $1.3m | — | |
| Income Taxes Paid, Net | — | — | — | — | ($15.0m) | $11.6m | ($1.5m) | $427k | — | |
| Income Taxes Paid Refund Classified As Operating Activities | — | — | — | — | ($15.0m) | ($11.6m) | $1.5m | — | — |