Shoals Technologies Group, Inc.
Cash Flow Statement
| Line Item | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $11.8M | $4.8M | $16.6M | $-9.8M | $18.9M | $14.3M | $112.6M | $8.0M |
| Depreciation & Amortization | $2.2M | $3.0M | $3.7M | $2.2M | $2.2M | $2.5M | $3.2M | $2.2M |
| Depreciation | $1.3M | $1.1M | $800.0K | $700.0K | $600.0K | $500.0K | $500.0K | $500.0K |
| Amortization | $1.9M | $1.9M | $1.9M | $2.0M | $2.0M | $2.0M | $2.1M | $2.1M |
| Stock-Based Compensation | $4.1M | $5.0M | $3.8M | $5.1M | $4.4M | $7.5M | $4.2M | $4.0M |
| Net Cash from Operating Activities | $37.8M | $12.9M | $26.4M | $27.7M | $27.9M | $9.9M | $34.4M | $11.8M |
| Investing Activities | ||||||||
| Capital Expenditures | $2.0M | $2.5M | $2.9M | $3.3M | $2.4M | $2.0M | $761.0K | $244.0K |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-2.0M | $-2.5M | $-2.9M | $-3.5M | $-2.4M | $-2.0M | $-761.0K | $-747.0K |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-47.9M | $-17.8M | $-10.0M | $-20.8M | $-26.1M | $-10.2M | $-56.5M | $-3.2M |
| Net Change in Cash | $-12.0M | $-7.5M | $13.5M | $3.4M | $-600.0K | $-2.3M | $-22.9M | $7.8M |
| Free Cash Flow | $35.8M | $10.4M | $23.5M | $24.4M | $25.5M | $7.9M | $33.7M | $11.5M |