← Kodiak Gas Services, Inc.
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Net income | $181.0m | $106.3m | $20.1m | $50.3m | $81.6m | |
| Depreciation and amortization | $160.0m | $174.5m | $182.9m | $260.3m | $276.2m | |
| Amortization of debt issuance costs | $6.9m | $13.7m | $13.6m | $12.0m | $12.7m | |
| Amortization of interest rate swap | — | — | $0 | $0 | $5.2m | |
| Deferred tax provision | ($61.0m) | $27.3m | $7.9m | $15.4m | $25.7m | |
| Net effect on deferred taxes and taxes payable related to the vesting of restricted stock | — | — | $0 | $4.5m | $2.3m | |
| Long-lived asset impairment | $9.1m | $0 | $0 | $9.9m | $6.3m | |
| Loss on extinguishment of debt | $0 | $0 | ($1.8m) | $0 | $0 | |
| Equity compensation expense | $1.2m | $971k | $5.9m | $17.7m | $24.5m | |
| Non-cash lease expense | $0 | $2.8m | $4.5m | $4.7m | $8.4m | |
| Provision for credit losses | ($538k) | $86k | $7.1m | $4.7m | $1.0m | |
| Inventory reserve | $0 | $500k | $500k | $559k | $124k | |
| Loss (gain) on sale of assets | — | ($874k) | ($777k) | $29.6m | $61.6m | |
| Loss on discontinuation of hedge | — | — | $0 | $0 | $9.4m | |
| Change in fair value of derivatives | ($40.8m) | ($87.4m) | $42.9m | $1.2m | $0 | |
| Accounts receivable | ($14.9m) | ($16.9m) | ($22.7m) | ($102.9m) | $43.8m | |
| Inventories | ($3.0m) | ($24.3m) | ($4.6m) | ($1.3m) | $1.1m | |
| Contract assets | $0 | ($3.6m) | ($13.9m) | $9.8m | $2.4m | |
| Prepaid expenses and other current assets | $1.4m | ($3.3m) | ($833k) | $4.4m | ($8.5m) | |
| Accounts payable | ($2.8m) | ($1.5m) | $10.2m | $5.0m | $5.2m | |
| Accrued and other liabilities | $5.2m | $25.6m | $2.8m | ($2.1m) | $17.2m | |
| Contract liabilities | $7.6m | $5.9m | $6.6m | $9.4m | $22.6m | |
| Other assets | — | $0 | $0 | ($691k) | $3.5m | |
| Net cash acquired in acquisition of CSI Compressco LP | — | $0 | $0 | $9.5m | $0 | |
| Proceeds from sale of assets | — | $8.1m | $1.4m | $35.0m | $30.2m | |
| Other | ($113k) | ($115k) | ($75k) | $0 | $0 | |
| Borrowings on debt instruments | $564.1m | $1.6b | $1.0b | $2.6b | $2.9b | |
| Principal payments on other borrowings | — | $0 | $0 | ($5.6m) | ($5.3m) | |
| Principal payments on finance leases | — | $0 | $0 | ($2.4m) | ($2.5m) | |
| Proceeds from initial public offering, net of underwriter discounts | $0 | $0 | $277.8m | $0 | $0 | |
| Offering costs | $0 | $0 | ($10.0m) | ($1.2m) | $0 | |
| Repurchase of common shares | — | $0 | $0 | ($40.0m) | ($104.0m) | |
| Distribution to parent | ($1.1m) | ($838.0m) | ($42.3m) | $0 | $0 | |
| Increase in accrued capital expenditures | ($7.0m) | ($1.9m) | ($1.7m) | ($8.1m) | ($19.6m) | |
| Fair value changes in interest rate swap | — | — | $0 | $0 | $9.7m | |
| Issuance of common shares | — | — | $0 | $188.2m | $11k | |
| Non-cash debt novation | $0 | $0 | ($689.8m) | $0 | $0 | |
| Net cash provided by operating activities | $250.0m | $219.8m | $266.3m | $328.0m | $599.7m | |
| Purchase of property, plant and equipment | ($201.9m) | ($259.3m) | ($219.8m) | ($337.0m) | ($315.5m) | |
| Purchase of property, plant and equipment through exchange of lease ROU asset | $0 | $0 | $3.2m | $0 | $0 | |
| Net cash used for investing activities | ($202.0m) | ($251.4m) | ($218.4m) | ($292.5m) | ($285.3m) | |
| Payment of debt issuance cost | ($885k) | ($27.8m) | ($32.8m) | ($16.3m) | ($33.2m) | |
| Payments on debt instruments | ($629.3m) | ($724.9m) | ($1.2b) | ($2.5b) | ($2.9b) | |
| Distributions to noncontrolling interest | — | $0 | $0 | ($5.5m) | ($1.3m) | |
| Issuance of preferred shares and noncontrolling interest | — | — | $0 | $154.1m | $0 | |
| Dividends paid to stockholders | $0 | $0 | ($29.8m) | ($133.9m) | ($159.6m) | |
| Net cash used for financing activities | ($43.3m) | $23.2m | ($62.8m) | ($36.3m) | ($316.0m) | |
| Net decrease in cash and cash equivalents | $4.7m | ($8.4m) | ($14.9m) | ($812k) | ($1.6m) | |
| Cash and cash equivalents - beginning of period | $28.8m | $20.4m | $5.6m | $4.8m | $3.2m | |
| Cash paid for interest | $119.9m | $143.4m | $216.6m | $147.1m | $168.7m | |
| Cash paid for shares withheld to cover taxes | $1.9m | $0 | $0 | ($2.8m) | ($6.4m) | |
| Cash paid for taxes | $1.9m | $2.2m | $9.8m | $14.7m | $5.9m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.