← National Energy Services Reunited Corp.

Annual Trend FY 2016 FY 2017 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 — — — — — ($36.4m) $12.6m $76.3m $51.1m
Net Income (Loss) Attributable to Parent — — — — ($64.6m) ($36.4m) $12.6m $76.3m $51.1m
Net Income (Loss) Available to Common Stockholders, Basic — — — — ($64.6m) ($36.4m) $13k $76.3m $51.1m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — — — ($64.6m) ($36.4m) $12.6m $76.3m $51.1m
Amortization — — — — $18.0m $18.9m $18.8m $18.8m $18.8m
Depreciation — — — — $104.1m $97.0m $109.7m $111.7m $118.5m
Depreciation Expense — — $88.1m $120.8m $122.1m $115.8m $142.2m $142.8m —
Depreciation, Depletion and Amortization — — — — $122.1m $115.8m $142.2m $142.8m $141.7m
Depreciation Amortization Depletion — — — — — $115.8m $142.2m $142.8m $141.7m
Deferred Income Tax Expense (Benefit) — — — — ($12.1m) ($10.3m) ($3.8m) ($2.7m) ($5.2m)
Deferred Income Tax — — — — — ($10.3m) ($3.8m) ($2.7m) ($5.2m)
Deferred Tax — — — — — ($10.3m) ($3.8m) ($2.7m) ($5.2m)
Equity Method Investment, Other than Temporary Impairment — — — — — — — — $5.1m
Share-based Payment Arrangement, Expense — — — — $9.8m $9.3m $6.8m $6.0m $8.3m
Share-based Payment Arrangement, Noncash Expense — — — — $9.8m $9.3m $6.8m $6.0m $8.3m
Share-based compensation expense — — $5.7m $7.8m $9.8m $9.3m $6.8m $6.0m —
Asset Impairment Charge — — — — — $0 $7.9m $5.3m $9.6m
Gain (Loss) on Disposition of Assets — — — — ($333k) $60k ($487k) ($467k) $3.6m
Income Tax Expense — — $19.2m $15.6m $12.8m $11.0m $15.2m $12.9m —
Income Tax Expense (Benefit) — — — — $4.0m $6.6m $17.3m $19.2m $9.3m
Interest Expense — — $17.3m $12.7m $9.9m $19.2m $33.9m $38.3m —
Non-cash interest (income) expense — — $1.9m ($271k) $3.0m $8.1m $1.5m ($1.2m) —
Changes in operating assets and liabilities:
Additional Financial Items
(Increase) decrease in other current assets — — $585k $1.8m ($16.7m) ($13.7m) $2.8m $5.0m —
(Increase) decrease in other long-term assets and liabilities — — $8.6m ($5.0m) $8.9m $6.1m $16.3m ($7.0m) —
(Increase) decrease in prepaid expenses — — ($2.6m) ($1.2m) ($884k) $6.2m ($8.9m) ($909k) —
(Increase) decrease in retention withholdings — — ($19.0m) $6.4m ($4.0m) $6.8m ($14.2m) $17.3m —
(Increase) decrease in unbilled revenue — — $19.2m ($76.0m) $56.1m ($1.7m) $14.2m ($15.7m) —
Cash Flow From Continuing Operating Activities — — — — $127.7m $92.6m $177.0m $229.3m $264.2m
Change in Accounts Payable — — $19.4m $55.3m $31.2m $33.7m ($3.4m) ($38.5m) —
Goodwill — — — — $645.1m $645.1m $645.1m $645.1m $645.1m
IPM investments (Note 3) — — — — — ($17.4m) ($16.0m) — —
Increase (Decrease) in Accounts Receivable — — ($39.2m) ($3.4m) $8.3m $29.3m $23.0m ($25.2m) $49.5m
Increase (Decrease) in Inventories — — ($21.3m) ($12.5m) $3.2m $16.8m ($12.0m) $633k ($425k)
Increase (decrease) in other current liabilities — — ($8.4m) $2.0m ($260k) $9.9m $11.9m $6.1m —
Inventory Write-down — — — — $3.6m $100k $137k $2.3m $1.5m
Loss (Gain) on disposal of assets — — ($1.7m) $96k $333k ($60k) $487k $467k —
Marketable Securities, Unrealized Gain (Loss) — — — — — — — — —
Operating Cash Flow — ($865k) — — $127.7m $92.6m $177.0m $229.3m $264.2m
Operating Costs and Expenses — — — — — — — — —
Payments on capital leases — — — ($19.6m) ($21.4m) ($3.1m) ($2.4m) ($3.2m) —
Proceeds from Sale of PP&E — — $1.6m $487k $2.8m $626k $1.8m $3.1m —
Profit or Loss — — $39.4m $50.1m ($64.6m) ($36.4m) $12.6m $76.3m —
Provision for Doubtful Accounts (CF) — — — — — $8.2m $410k $8.8m —
Repayments of short-term borrowings — — ($57.0m) ($27.4m) ($79.0m) ($119.2m) ($137.4m) ($72.6m) —
Restructuring Expense — — — $1.1m $3.6m $100k $7.9m $5.3m —
Beginning Cash Position — — — — — $205.8m $78.9m $67.8m $108.0m
Cash Flow From Continuing Financing Activities — — — — — ($72.8m) ($104.5m) ($78.1m) ($87.3m)
Cash Flow From Continuing Investing Activities — — — — — ($146.7m) ($83.5m) ($111.1m) ($152.2m)
Change In Inventory — — — — — ($16.8m) $12.0m ($633k) $425k
Change In Other Current Assets — — — — — ($799k) $4.9m $15.4m ($5.3m)
Change In Other Current Liabilities — — — — — $9.9m $11.9m $6.1m ($1.0m)
Change In Payables And Accrued Expense — — — — — $33.7m ($3.4m) ($38.5m) $116.2m
Change In Prepaid Assets — — — — — $6.2m ($8.9m) ($909k) ($3.1m)
Change In Receivables — — — — — ($31.0m) ($8.8m) $9.4m ($58.9m)
Change In Working Capital — — — — — $1.2m $7.7m ($9.2m) $48.2m
Changes In Account Receivables — — — — — ($29.3m) ($23.0m) $25.2m ($49.5m)
Changes In Cash — — — — — ($126.9m) ($11.0m) $40.1m $24.7m
End Cash Position — — — — — $78.9m $67.8m $108.0m $132.7m
Financing Cash Flow — — — — — ($72.8m) ($104.5m) ($78.1m) ($87.3m)
Free Cash Flow — — — — — ($29.8m) $108.8m $124.2m $120.8m
Investing Cash Flow — — — — — ($146.7m) ($83.5m) ($111.1m) ($152.2m)
Net Business Purchase And Sale — — — — ($51.9m) $0 $0 — —
Operating Gains Losses — — — — — ($60k) $487k $467k ($3.6m)
Other Non Cash Items — — — — — $4.8m $2.6m $1.4m $5.3m
Provisionand Write Offof Assets — — — — — $8.2m $410k $8.8m $8.7m
Purchase Of Business — — — — ($51.9m) $0 $0 — —
Stock Based Compensation — — — — — $9.3m $6.8m $6.0m $8.3m
Other Operating Income (Expense), Net — — — — ($2.1m) $5.2m ($5.0m) ($2.3m) ($5.4m)
Net Cash Provided by (Used in) Operating Activities — — $89.1m $133.5m $127.7m $92.6m $177.0m $229.3m $264.2m
Cash flows from investing activities:
Capital expenditures — — ($107.9m) ($90.3m) ($107.1m) ($122.4m) ($68.2m) ($105.1m) ($143.5m)
Payments on seller-provided financing for capital expenditures — — — ($3.8m) ($15.3m) ($14.4m) ($15.6m) ($3.8m) —
Capital Expenditure Reported — — — — — ($122.4m) ($68.2m) ($105.1m) ($143.5m)
Payments to Acquire Businesses, Net of Cash Acquired — — — — $51.9m — — — —
Payments to Acquire Investments — — — — — $17.4m $16.0m — —
Net Investment Purchase And Sale — — — — — ($17.4m) ($16.0m) $0 $0
Purchase Of Investment — — — — $0 ($17.4m) ($16.0m) $0 —
Other investing activities — — ($1.0m) ($574k) ($8.3m) ($7.6m) ($1.0m) ($9.1m) —
Payments for (Proceeds from) Other Investing Activities — — — — $8.3m $7.6m $1.0m $9.1m $13.7m
Net Other Investing Changes — — — — — ($6.9m) $758k ($6.0m) ($8.8m)
Net Cash Provided by (Used in) Investing Activities — — ($107.3m) ($103.6m) ($164.5m) ($146.7m) ($83.5m) ($111.1m) ($152.2m)
Cash flows from financing activities:
Proceeds from Debt Issuance — — $49.3m $33.8m $123.8m $139.5m $94.5m $83.4m —
Proceeds from Issuance of Long-term Debt — — — — $527.5m $3.2m $11.3m $4.1m —
Issuance Of Debt — — — — — $142.7m $105.8m $87.5m $98.6m
Long Term Debt Issuance — — — — — $3.2m $11.3m $4.1m $0
Net Issuance Payments Of Debt — — — — — ($58.4m) ($88.8m) ($74.1m) ($78.3m)
Net Long Term Debt Issuance — — — — — ($78.7m) ($45.9m) ($84.9m) ($72.6m)
Net Short Term Debt Issuance — — — — — $20.3m ($42.9m) $10.8m ($5.6m)
Short Term Debt Issuance — — — — — $139.5m $94.5m $83.4m $98.6m
Repayments of Long-term Debt — — ($285.0m) ($26.0m) $360.0m $78.8m $54.8m $85.8m $68.7m
Long Term Debt Payments — — — — — ($81.9m) ($57.2m) ($89.0m) ($72.6m)
Repayment Of Debt — — — — — ($201.0m) ($194.6m) ($161.6m) ($176.8m)
Short Term Debt Payments — — — — — ($119.2m) ($137.4m) ($72.6m) ($104.2m)
Proceeds from Issuance of Common Stock — — — — — — — — —
Proceeds from (Payments for) Other Financing Activities — — — — ($8.1m) — ($197k) ($163k) ($1.6m)
Net Other Financing Charges — — — — — ($14.4m) ($15.8m) ($3.9m) ($9.0m)
Net Cash from Financing Activities — — ($5.7m) — ($8.1m) — ($197k) ($163k) —
Net Cash Provided by (Used in) Financing Activities — — $66.6m ($28.1m) $167.5m ($72.8m) ($104.5m) ($78.1m) ($87.3m)
Effect of Exchange Rate on Cash — — ($19k) $35k $9k $8k — — —
Effect Of Exchange Rate Changes — — — — — $8k $0 $0 $0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — — $130.8m ($126.9m) ($11.0m) $40.1m $24.7m
Net increase (decrease) in cash — — $48.3m $1.8m $130.8m ($126.9m) ($11.0m) $40.1m —
Cash and cash equivalents, beginning of period — — $73.2m $75.0m $205.8m $78.9m $67.8m $108.0m —
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — ($126.9m) ($11.0m) $40.1m $24.7m
Interest Paid, Excluding Capitalized Interest, Operating Activities — — — — $9.9m $19.2m $33.9m $38.3m $28.5m
Income Taxes Paid, Net — — — — $12.8m $11.0m $15.2m $12.9m $27.5m

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