← Select Water Solutions, 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 (Loss) Attributable to Parent | ($1.0m) | ($16.8m) | $36.5m | $2.8m | ($338.7m) | ($42.2m) | $48.3m | $74.4m | $30.6m | $21.2m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($313.9m) | ($35.1m) | $54.3m | $4.1m | ($401.7m) | ($50.1m) | $54.9m | $79.2m | $35.5m | $21.5m | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($313.9m) | ($35.1m) | — | — | — | — | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | ($6.4m) | ($18.3m) | $17.8m | $1.4m | ($63.0m) | ($7.9m) | $6.6m | $4.8m | $4.8m | $244k | |
| Depreciation, Depletion and Amortization | $97.1m | $103.4m | $133.7m | $120.7m | $101.7m | $92.5m | $115.7m | $141.1m | $3.4m | $5.3m | |
| Amortization of Debt Issuance Costs | $3.4m | $4.0m | $688k | $688k | $688k | $688k | $661k | $489k | $489k | $1.5m | |
| Amortization of Intangible Assets | $8.7m | $10.7m | $13.1m | $11.9m | $11.7m | $10.6m | $11.3m | $17.9m | $17.1m | $17.5m | |
| Depreciation | $88.2m | $92.6m | $120.4m | $107.7m | $89.8m | $81.4m | $103.1m | $122.1m | $137.4m | $151.5m | |
| Depreciation, Amortization and Accretion, Net | — | — | — | — | — | — | $115.7m | $141.1m | $156.9m | $179.8m | |
| Deferred Income Tax Expense (Benefit) | ($799k) | ($436k) | ($446k) | $219k | ($96k) | $283k | ($188k) | ($62.0m) | $12.5m | ($1.2m) | |
| Share-based Payment Arrangement, Noncash Expense | $317k | $7.7m | $10.4m | $15.5m | $5.8m | $9.5m | $15.6m | $17.4m | $26.4m | $19.9m | |
| Goodwill and Intangible Asset Impairment | $138.7m | — | $17.9m | $4.4m | $276.0m | — | — | — | — | — | |
| Goodwill, Impairment Loss | $138.5m | — | $17.9m | $4.4m | $266.9m | — | — | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | $9.1m | — | — | — | — | — | |
| Operating Lease, Impairment Loss | — | — | — | $16.8m | $3.6m | $0 | $100k | $0 | $600k | $700k | |
| Gain (Loss) on Disposition of Assets | — | — | — | ($11.6m) | ($2.8m) | ($2.1m) | $2.2m | ($210k) | $3.3m | $10.3m | |
| Gain (Loss) on Disposition of Business | — | — | — | ($3.7m) | ($410k) | — | — | — | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | $97k | $2.7m | $3.8m | ($8.0m) | ($2.4m) | ($2.1m) | $2.2m | ($210k) | $3.3m | $10.3m | |
| Income (Loss) from Equity Method Investments | — | — | — | — | — | ($279k) | ($913k) | ($1.8m) | ($352k) | ($4.9m) | |
| Income Tax Expense (Benefit) | ($524k) | ($851k) | $1.7m | $1.9m | ($1.5m) | $147k | $957k | ($60.2m) | $13.6m | ($1.6m) | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $7.0m | $23.2m | |
| Other Nonoperating Income (Expense) | $629k | $369k | $932k | ($2.9m) | ($3.5m) | $673k | $4.7m | $2.4m | ($573k) | ($1.1m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | ($1.3m) | $100.5m | ($36.5m) | ($57.9m) | ($142.9m) | $80.1m | $162.3m | ($102.3m) | ($46.9m) | ($16.1m) | |
| Accretion Expense, Including Asset Retirement Obligations | $0 | ($821) | $0 | — | — | — | — | — | $2.3m | $10.1m | |
| Asset Retirement Obligation, Accretion Expense | $155k | $178k | $183k | $115k | — | — | — | — | $12.3m | $10.1m | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | $281k | ($1.3m) | $273k | $39k | $2k | ($8k) | ($25k) | $659k | ($297k) | |
| Goodwill | $12.2m | $273.4m | $273.8m | $266.9m | — | — | — | $4.7m | $18.2m | $48.5m | |
| Inventory Write-down | — | — | $442k | $250k | $852k | $239k | ($737k) | $2.3m | ($638k) | $75k | |
| Operating Expenses | $254.8m | $87.8m | $136.8m | $125.7m | $365.5m | $86.4m | $121.6m | $170.5m | $165.0m | $173.6m | |
| Proceeds from Contributions from Affiliates | — | — | — | — | — | — | $4.8m | $1.2m | — | — | |
| Real Estate Tax Expense | — | — | — | $800k | $800k | $800k | $800k | $1.1m | $1.3m | $1.1m | |
| Unrealized Gain (Loss) on Investments | $0 | $0 | ($45k) | $64k | $1.8m | ($2.0m) | $14k | — | — | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($113k) | ($9.0m) | ($7.0m) | $3.8m | — | — | — | — | — | — | |
| Other Operating Income (Expense), Net | $1.6m | $353k | ($1.3m) | ($240k) | $407k | $1.8m | $2.0m | $450k | ($1.1m) | ($2.4m) | |
| Net Cash Provided by (Used in) Operating Activities | $5.1m | ($2.9m) | $232.4m | $203.9m | $105.8m | ($16.2m) | $33.2m | $285.4m | $234.9m | $214.7m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $36.3m | $98.7m | $165.4m | $110.1m | $21.2m | $40.0m | $71.9m | $135.9m | $173.2m | $294.6m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $65.5m | $17.0m | $10.0m | — | $34.7m | $7.0m | $17.7m | $161.3m | $53.6m | |
| Gain (Loss) on Sale of Investments | — | $1.2m | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($27.0m) | ($156.7m) | ($168.4m) | ($77.4m) | ($5.4m) | ($64.5m) | ($53.2m) | ($137.2m) | ($318.6m) | ($405.0m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | — | — | — | — | — | $0 | $0 | $3.5m | $4.7m | $250.0m | |
| Proceeds from Issuance of Common Stock | $499k | $36k | $762k | $142k | $76k | $58k | $53k | — | $50k | — | |
| Payments for Repurchase of Common Stock | — | $297k | $16.6m | $18.6m | $10.9m | $1.2m | $20.2m | $61.8m | $7.9m | $7.3m | |
| Proceeds from Noncontrolling Interests | — | — | — | — | — | — | — | — | — | $2.9m | |
| Proceeds from (Payments to) Noncontrolling Interests | $138k | ($368k) | ($506k) | ($349k) | $354k | ($1.1m) | ($1.9m) | $6.0m | — | — | |
| Dividends paid | — | — | — | — | — | — | $6.0m | $24.9m | $29.7m | $33.7m | |
| Dividends Payable | — | — | — | — | — | — | $200k | $800k | $800k | $800k | |
| Net Cash Provided by (Used in) Financing Activities | $45.6m | $122.4m | ($49.3m) | ($64.7m) | ($10.7m) | ($2.5m) | ($58.5m) | ($98.4m) | $46.6m | $188.4m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | ($34k) | ($292k) | $130k | $64k | $8k | ($13k) | ($3k) | ($9k) | $6k | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | ($34k) | ($292k) | $62.0m | $89.8m | ($83.2m) | ($78.5m) | $49.8m | ($37.1m) | ($1.9m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | $85.8m | $7.3m | $57.1m | $20.0m | $18.1m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $12.8m | $2.0m | $5.2m | $2.7m | $1.8m | $1.5m | $2.0m | $4.7m | $7.1m | $18.7m | |
| Income Taxes Paid, Net | ($192k) | ($54k) | ($550k) | $1.8m | ($174k) | ($887k) | ($452k) | $1.7m | $1.8m | $642k |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.