Gulf Resources, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-43.9M | $-59.9M | $-61.8M | $10.1M | $-924.7K | $-8.4M | $-25.8M | $-70.0M |
| Depreciation & Amortization | $16.3M | $18.9M | $25.9M | $26.8M | $20.5M | $16.0M | $14.1M | $17.4M |
| Depreciation | $13.1M | $15.8M | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $930.8K | $194.7K | $451.4K | $668.0K | $3.1M | $2.4M | $45.9K | $496.2K |
| Net Cash from Operating Activities | $7.8M | $675.8K | $-32.8M | $51.1M | $23.3M | $9.3M | $-15.3M | $17.3M |
| Investing Activities | ||||||||
| Capital Expenditures | $8.8M | $28.9M | — | $37.6M | $30.1M | $21.7M | $60.6M | $35.3M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-22.6M | $-28.9M | — | $-37.6M | $-30.1M | $-21.7M | $-60.6M | $-36.0M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $4.8M | $-31.9M | $-267.8K | $-264.9K | $-290.6K | $-265.0K | $-275.5K | $-294.3K |
| Net Change in Cash | $-10.1M | $-62.1M | $-36.0M | $12.5M | $1.5M | $-6.1M | — | — |
| Free Cash Flow | $-1.0M | $-28.2M | — | $13.6M | $-6.8M | $-12.4M | $-75.9M | $-17.9M |