← Montauk Renewables, Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Net Income — — — $35.2m $14.9m $9.7m $1.7m
Net Income From Continuing Operations — — — $35.2m $14.9m $9.7m $1.7m
Depreciation, depletion and amortization $19.8m $22.1m $22.9m $20.7m $21.2m $23.5m $30.0m
Amortization of debt issuance costs $1.1m $695k $483k $412k $367k $360k $391k
Depreciation Amortization Depletion — — — $20.7m $21.2m $23.5m $30.0m
(Benefit) provision for deferred income taxes ($898k) ($6.1m) $4.3m $6.6m $1.9m $804k ($4.3m)
Deferred Income Tax — — — $6.6m $1.9m $804k ($4.3m)
Deferred Tax — — — $6.6m $1.9m $804k ($4.3m)
Impairment loss $2.4m $278k $1.2m $4.9m $902k $1.6m $3.2m
Asset Impairment Charge — — — $4.9m $902k $1.6m $3.2m
Non cash expense - RINs sold from equity method investment — — — — $0 $0 $1.7m
Income from equity method investment — — — — $0 $0 ($1.5m)
Capital contributions to equity method investments — — — — $0 $0 ($4.0m)
Non-cash RIN distribution from equity method investment — — — — $0 $0 $1.7m
Earnings (Loss)es From Equity Investments — — $0 — $0 $0 $176k
Net (loss) income $5.8m $4.6m ($4.5m) $35.2m $14.9m $9.7m $1.7m
Stock-based compensation $570k $762k $22.4m $9.8m $8.3m $10.0m $4.4m
Derivative mark-to-market adjustments and settlements — $1.0m ($1.4m) ($2.7m) $560k $486k $549k
Net loss on disposal of assets ($40k) $320k $822k ($233k) $94k $0 $36k
(Decrease) increase in earn-out liability — — $801k $1.1m $1.3m ($1.7m) $594k
Accretion of asset retirement obligations $391k $320k ($160k) $296k $407k $445k $485k
Liabilities associated with properties sold — — — $0 $0 ($225k) $0
Accounts receivable ($2.3m) $2.5m ($1.5m) ($3.1m) ($9.8m) $4.6m ($995k)
Royalty offset long term receivable — — — $0 ($3.5m) ($3.1m) ($4.6m)
Income tax receivable — — — — ($89k) ($354k) ($661k)
Critical spare inventory — — — ($752k) ($1.0m) $472k ($1.7m)
Accounts payable and Accrued liabilities $48k $3.7m ($2.1m) $8.3m $977k ($2.3m) $735k
Other — — — ($331k) ($22k) ($477k) $196k
Asset acquisition — — ($9.7m) $0 $0 ($820k) $0
Cash collateral deposits $353k — ($220k) $82k $2k ($48k) $55k
Proceeds from sale of assets — — $73k $1.1m $2k $1.0m $0
Borrowings on revolver $28.2m $8.5m $80.0m $0 $0 $0 $105.0m
Repayments on revolver — — — — $0 $0 ($20.0m)
Contingent consideration payments — — — — $0 $0 ($4.2m)
Treasury stock purchase — — ($10.8m) ($238k) ($122k) ($1.8m) ($419k)
Related party receivable — — ($8.9m) $0 ($1.1m) $0 $0
Finance lease payments — — $0 ($47k) ($74k) ($68k) ($71k)
Accrual for purchase of property, plant and equipment included in accounts payable and accrued liabilities — — $1.2m $2.6m $5.5m $4.7m $11.8m
Non-cash purchase of Treasury stock — — — $0 $0 $8.3m $0
Beginning Cash Position — — — $53.6m $105.6m $74.2m $46.0m
Cash Flow From Continuing Financing Activities — — — ($8.3m) ($9.3m) ($9.8m) $68.3m
Cash Flow From Continuing Investing Activities — — — ($20.8m) ($63.1m) ($62.2m) ($120.5m)
Change In Account Payable — — — $3.5m $1.3m ($2.3m) $735k
Change In Income Tax Payable — — — $734k ($89k) ($354k) —
Change In Inventory — — — ($752k) ($1.0m) $472k ($1.7m)
Change In Other Working Capital — — — ($331k) ($22k) ($477k) $196k
Change In Payable — — — $4.2m $1.3m ($2.3m) $735k
Change In Payables And Accrued Expense — — — $4.2m $1.3m ($2.3m) $735k
Change In Receivables — — — $2.1m ($9.1m) $1.1m ($6.3m)
Change In Tax Payable — — — $734k ($89k) ($354k) —
Change In Working Capital — — — $5.2m ($8.8m) ($1.2m) ($7.0m)
Changes In Account Receivables — — — $2.1m ($5.5m) $4.6m ($995k)
Changes In Cash — — — $52.0m ($31.4m) ($28.2m) ($21.8m)
End Cash Position — — — $105.6m $74.2m $46.0m $24.2m
Financing Cash Flow — — — ($8.3m) ($9.3m) ($9.8m) $68.3m
Free Cash Flow — — — $58.8m ($22.0m) ($18.5m) ($86.2m)
Gain Loss On Investment Securities — — — ($2.7m) $560k $486k $549k
Investing Cash Flow — — — ($20.8m) ($63.1m) ($62.2m) ($120.5m)
Issuance Of Capital Stock — — — $6k $4k $6k $5k
Operating Gains Losses — — — ($2.9m) $654k $486k $761k
Other Non Cash Items — — — $1.5m $2.0m ($1.1m) $1.5m
Repurchase Of Capital Stock — — — ($238k) ($122k) ($1.8m) ($419k)
Net cash provided by operating activities $27.8m $28.7m $42.9m $81.1m $41.1m $43.8m $30.3m
Capital expenditures ($45.6m) ($17.6m) ($10.0m) ($22.3m) ($63.1m) ($62.3m) ($116.5m)
Capital Expenditure Reported — — $5.5m ($22.3m) ($63.1m) ($62.3m) ($116.5m)
Net Investment Purchase And Sale — — — — $0 $0 ($4.0m)
Purchase Of Investment — — — — $0 $0 ($4.0m)
Net Other Investing Changes — — — $1.5m $4k $132k $55k
Net cash used in investing activities ($44.9m) ($16.0m) ($19.5m) ($20.8m) ($63.1m) ($62.2m) ($120.5m)
Issuance Of Debt — — — $0 $0 $0 $105.0m
Long Term Debt Issuance — — — $0 $0 $0 $105.0m
Net Issuance Payments Of Debt — — — ($8.0m) ($8.1m) ($8.1m) $72.9m
Net Long Term Debt Issuance — — — ($8.0m) ($8.1m) ($8.1m) $72.9m
Repayments of long-term debt ($55.0m) ($10.0m) ($66.7m) ($8.0m) ($8.0m) ($8.0m) ($12.0m)
Long Term Debt Payments — — — ($8.0m) ($8.1m) ($8.1m) ($32.1m)
Repayment Of Debt — — — ($8.0m) ($8.1m) ($8.1m) ($32.1m)
Common stock issuance — — $15.6m $6k $4k $6k $5k
Net Common Stock Issuance — — — ($232k) ($118k) ($1.8m) ($414k)
Common Stock Payments — — — ($238k) ($122k) ($1.8m) ($419k)
Net Other Financing Charges — — ($9.4m) — ($1.1m) — ($4.2m)
Net cash provided (used) in financing activities ($27.5m) ($1.5m) $8.6m ($8.3m) ($9.3m) ($9.8m) $68.3m
Net decrease in cash and cash equivalents and restricted cash ($44.6m) $11.2m $32.1m $52.0m ($31.4m) ($28.2m) ($21.8m)
Cash and cash equivalents and restricted cash at beginning of period $10.4m $21.6m $53.6m $105.6m $74.2m $46.0m $24.2m
Cash and cash equivalents $9.8m $21.0m $53.3m $105.2m $73.8m $45.6m $23.8m
Restricted cash and cash equivalents - current $7k $0 $19k $22k $8k $8k $8k
Restricted cash and cash equivalents - non-current $567k $567k $328k $407k $423k $375k $430k
Change In Cash Supplemental As Reported — — — $52.0m ($31.4m) ($28.2m) ($21.8m)
Cash paid for interest, net of $1,308 and $0 capitalized respectively $4.8m $4.2m $3.8m $3.5m $5.0m $4.3m $4.1m
Cash paid for income taxes $2.7m ($454k) $280k $696k $1.9m $2.0m $783k

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