National Energy Services Reunited Corp.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2017 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | $51.1M | $76.3M | $12.6M | $-36.4M | $-64.6M | $16.6M | $28.4M |
| Depreciation & Amortization | $141.7M | $142.8M | $142.2M | $115.8M | $122.1M | $120.7M | — |
| Depreciation | $118.5M | $111.7M | $109.7M | $97.0M | $104.1M | $104.8M | — |
| Amortization | — | — | — | — | — | — | — |
| Stock-Based Compensation | $8.3M | $6.0M | $6.8M | $9.3M | $9.8M | $7.8M | — |
| Net Cash from Operating Activities | $264.2M | $229.3M | $177.0M | $92.6M | $127.7M | $134.5M | $-865.0K |
| Investing Activities | |||||||
| Capital Expenditures | $143.5M | $105.1M | $68.2M | $122.4M | $107.1M | — | — |
| Business Acquisitions | — | — | — | — | $51.9M | $13.2M | — |
| Net Cash from Investing Activities | $-152.2M | $-111.1M | $-83.5M | $-146.7M | $-164.5M | $-96.4M | $-229.2M |
| Financing Activities | |||||||
| Dividends Paid | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-87.3M | $-78.1M | $-104.5M | $-72.8M | $167.5M | $-36.2M | $230.8M |
| Net Change in Cash | $24.7M | $40.1M | $-11.0M | $-126.9M | $130.8M | $1.8M | $741.1K |
| Free Cash Flow | $120.8M | $124.2M | $108.8M | $-29.8M | $20.7M | — | — |