← Custom Truck One Source, Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | ($27.1m) |
$5.2m
+119.10%
|
($27.1m)
-622.85%
|
($21.3m)
+21.35%
|
($181.5m)
-753.04%
|
$38.9m
+121.44%
|
$50.7m
+30.35%
|
($28.7m)
-156.51%
|
($31.1m)
-8.37%
|
— | |
| Depreciation, Depletion and Amortization | $62.1m | $64.3m | $3.1m | $3.2m | $209.1m | $223.5m | $219.0m | $235.8m | $263.9m | $272.8m | |
| Amortization | — | — | — | — | $40.8m | $33.9m | $27.1m | $26.7m | $27.0m | — | |
| Amortization of Debt Issuance Costs | $2.9m | $3.5m | $2.9m | $3.3m | $4.7m | $4.9m | $5.7m | $5.7m | $4.4m | — | |
| Amortization of Intangible Assets | — | — | $3.0m | $3.2m | — | $33.9m | $27.1m | $26.7m | $27.0m | — | |
| Capitalized Computer Software, Amortization | — | — | — | — | — | $4.3m | $6.4m | $6.9m | $4.3m | — | |
| Depreciation | $62.1m | $64.3m | $71.5m | $79.6m | $209.1m | $223.5m | $219.0m | $235.8m | $263.9m | $272.8m | |
| Depreciation, Nonproduction | — | — | — | — | $3.6m | $9.4m | $10.7m | $13.3m | $13.3m | $272.8m | |
| Deferred Income Tax Expense (Benefit) | ($4.3m) | $1.1m | $1.1m | ($11.0m) | ($42.1m) | $9.4m | $15.0m | ($6.3m) | ($10.7m) | ($6.9m) | |
| Deferred tax expense (benefit) | ($4.3m) | $1.1m | ($6.9m) | ($28.8m) | $3.9m | $7.4m | $4.2m | ($1.7m) | $2.1m | — | |
| Deferred Income Tax | — | — | — | — | — | $7.4m | $4.2m | ($1.7m) | $2.1m | ($6.9m) | |
| Share-based Payment Arrangement, Noncash Expense | — | — | $1.0m | $2.4m | $17.3m | $12.3m | $13.3m | $11.9m | $8.5m | $8.9m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | $652k | $1.8m | — | — | — | — | |
| Share-based Payment Arrangement, Expense | — | — | $1.0m | $200k | $17.3m | $12.3m | $13.3m | $11.9m | $8.5m | $8.9m | |
| Share-based compensation | $1.1m | $1.1m | $1.0m | $2.4m | $17.3m | $12.3m | $13.3m | $11.9m | $8.5m | $8.9m | |
| Share-based payments | — | — | $0 | $0 | ($652k) | ($1.8m) | $792k | ($1.1m) | ($1.2m) | — | |
| Goodwill and Intangible Asset Impairment | — | — | $0 | $0 | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | — | — | — | — | $0 | — | — | — | — | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | $0 | — | — | — | — | |
| Nonoperating Income (Expense) | — | — | ($69.1m) | ($68.6m) | ($135.1m) | ($56.6m) | ($112.9m) | ($155.6m) | ($153.1m) | — | |
| Other Nonoperating Income (Expense) | — | — | ($1.7m) | ($5.4m) | ($571k) | $32.3m | $18.4m | $11.6m | $4.5m | — | |
| Changes in operating assets and liabilities: | |||||||||||
| Change In Working Capital | — | — | — | — | — | ($178.1m) | ($262.1m) | ($41.8m) | $102.9m | ($57.8m) | |
| Increase (Decrease) in Accounts Receivable | — | — | $17.1m | ($7.1m) | — | — | — | — | — | ($57.9m) | |
| Provision for losses on accounts receivable | $2.8m | $4.3m | $3.3m | $3.8m | $11.1m | $12.7m | $8.5m | $10.8m | $9.4m | — | |
| Accounts and financing receivables | — | — | ($17.1m) | $7.1m | ($37.7m) | ($36.8m) | ($20.9m) | ($21.8m) | $15.6m | — | |
| Rental equipment sales in accounts receivable | $3.5m | $2.8m | $4.7m | $5.1m | $1.6m | $11.3m | $22.5m | $4.3m | $2.5m | — | |
| Change In Receivables | — | — | — | — | — | ($36.8m) | ($20.9m) | ($21.8m) | $15.6m | ($57.9m) | |
| Increase (Decrease) in Inventories | — | — | $22.7m | $9.6m | ($46.6m) | $194.7m | $388.1m | $64.9m | ($121.1m) | $46.3m | |
| Inventories | ($8.7m) | ($8.0m) | ($22.7m) | ($9.6m) | $46.6m | ($194.7m) | ($388.1m) | ($64.9m) | $121.1m | $46.3m | |
| Acquisition of inventory through floor plan payables - non-trade | — | — | $0 | $0 | $304.9m | $619.9m | $789.2m | $605.7m | $482.3m | — | |
| Change In Inventory | — | — | — | — | — | ($194.7m) | ($388.1m) | ($64.9m) | $121.1m | $46.3m | |
| Increase (Decrease) in Accounts Payable | $5.6m | ($4.3m) | $7.5m | $3.1m | $8.1m | ($5.6m) | $28.3m | ($27.5m) | ($660k) | ($14.2m) | |
| Floor plan payables - trade, net | — | — | $0 | $0 | ($18.3m) | $63.9m | $116.6m | $77.3m | ($39.3m) | — | |
| Repayment of floor plan payables - non-trade | — | — | $0 | $0 | ($353.6m) | ($491.6m) | ($673.6m) | ($544.0m) | ($587.0m) | — | |
| Change In Payables And Accrued Expense | — | — | — | — | — | $66.4m | $149.2m | $45.5m | ($40.1m) | ($14.2m) | |
| Accrued expenses and other liabilities | $3.9m | ($1.2m) | $6.6m | $4.4m | $5.6m | $8.1m | $4.3m | ($4.3m) | ($137k) | — | |
| Customer deposits and deferred revenue | $428k | ($62k) | ($3.4m) | ($1.3m) | $20.0m | ($1.1m) | ($5.9m) | ($2.5m) | ($2.8m) | — | |
| Change In Accrued Expense | — | — | — | — | — | $8.1m | $4.3m | ($4.3m) | ($137k) | ($19.6m) | |
| Change In Other Current Liabilities | — | — | — | — | ($18.3m) | $63.9m | $116.6m | — | — | $2.9m | |
| Net Cash Provided by (Used in) Operating Activities | $17.2m |
($1.5m)
-108.91%
|
$18.8m
+1325.29%
|
$42.8m
+127.91%
|
$138.9m
+224.37%
|
$46.0m
-66.91%
|
($30.9m)
-167.18%
|
$122.0m
+494.99%
|
$310.1m
+154.22%
|
$196.9m
-36.49%
|
|
| Cash flows from investing activities: | |||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | $5.5m | $7.2m | $11.6m | $55.2m | $67.7m | $46.0m | $50.0m | ($55.5m) | |
| Gain on sales and disposals of rental equipment | ($1.8m) | ($3.6m) | ($5.5m) | ($7.2m) | ($11.6m) | ($55.2m) | ($67.7m) | ($46.0m) | ($50.0m) | — | |
| Purchases of rental equipment | $8.6m | $10.7m | $21.6m | $0 | $0 | $68k | $2.1m | $564k | $1.0m | — | |
| Proceeds from sales and disposals of rental equipment | — | — | $28.5m | $38.9m | $99.8m | $205.9m | $229.6m | $204.6m | $206.1m | — | |
| Marketable Securities, Unrealized Gain (Loss) | — | $43k | — | — | — | — | — | — | — | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $478k | $1.5m | $48.4m | $0 | $1.3b | $49.8m | $0 | $6.0m | $0 | $0 | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | ($173k) | $3.2m | — | — | — | — | — | |
| Net cash flow for investing activities | ($21.4m) | $1.5m | ($129.7m) | ($29.3m) | ($1.4b) | ($218.9m) | ($176.6m) | ($187.5m) | ($282.5m) | — | |
| Net Cash Provided by (Used in) Investing Activities | ($21.4m) | $1.5m | ($129.7m) | ($29.3m) | ($1.4b) | ($218.9m) | ($176.6m) | ($187.5m) | ($282.5m) | ($248.9m) | |
| Cash flows from financing activities: | |||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | ($4.0m) | $0 | ($61.7m) | $0 | $0 | — | — | — | |
| Borrowings under revolving credit facilities | $30.0m | $49.0m | $313.0m | $86.2m | $491.1m | $153.0m | $221.0m | $255.7m | $346.0m | — | |
| Proceeds from debt, net issuance costs | — | — | — | — | — | ($104k) | $21.0m | $7.5m | $6.5m | — | |
| Principal payments on long-term debt | — | — | — | — | — | ($1.0m) | ($7.7m) | ($8.2m) | ($8.5m) | — | |
| Issuance Of Debt | — | — | — | — | — | $772.9m | $1.0b | $868.9m | $834.8m | $343.5m | |
| Long Term Debt Issuance | — | — | — | — | — | $153.0m | $242.1m | $263.2m | $352.5m | $343.5m | |
| Long Term Debt Payments | — | — | — | — | — | ($115.3m) | ($116.7m) | ($236.6m) | ($239.4m) | ($301.0m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | $166.0m | $240.9m | $88.3m | $8.5m | ($62.1m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | $37.7m | $125.4m | $26.6m | $113.1m | $42.5m | |
| Net Short Term Debt Issuance | — | — | — | — | — | $128.3m | $115.6m | $61.7m | ($104.6m) | $42.0m | |
| Repayment Of Debt | — | — | — | — | — | ($606.9m) | ($790.4m) | ($780.6m) | ($826.4m) | ($301.0m) | |
| Short Term Debt Issuance | — | — | — | — | — | $619.9m | $789.2m | $605.7m | $482.3m | $117.0m | |
| Short Term Debt Payments | — | — | — | — | — | ($491.6m) | ($673.6m) | ($544.0m) | ($587.0m) | ($75.0m) | |
| Payments for Repurchase of Common Stock | — | — | — | $0 | $0 | $10.3m | $38.8m | $29.0m | $32.6m | — | |
| Proceeds from Issuance of Common Stock | — | — | — | — | $883.0m | $0 | $0 | — | — | $0 | |
| Repurchase of common stock | — | — | — | $0 | $0 | ($10.3m) | ($38.8m) | ($29.0m) | ($32.6m) | — | |
| Common Stock Issuance | — | — | — | — | $883.0m | $0 | $0 | — | — | $0 | |
| Common Stock Payments | — | — | — | — | — | ($10.3m) | ($38.8m) | ($29.0m) | ($32.6m) | $0 | |
| Issuance Of Capital Stock | — | — | — | — | $883.0m | $0 | $0 | — | — | $0 | |
| Net Common Stock Issuance | — | — | — | — | — | ($10.3m) | ($38.8m) | ($29.0m) | ($32.6m) | $0 | |
| Repurchase Of Capital Stock | — | — | — | — | — | ($10.3m) | ($38.8m) | ($29.0m) | ($32.6m) | $0 | |
| Net Other Financing Charges | — | — | — | — | ($94.5m) | ($1.9m) | ($373k) | — | — | ($1.2m) | |
| Net cash flow (for) from financing activities | $3.8m |
($12.4m)
-428.36%
|
$115.0m
+1026.17%
|
($16.4m)
-114.26%
|
$1.3b
+8164.88%
|
$153.9m
-88.37%
|
$202.9m
+31.83%
|
$58.3m
-71.27%
|
($25.3m)
-143.35%
|
— | |
| Net Cash Provided by (Used in) Financing Activities | $3.8m |
($12.4m)
-428.36%
|
$115.0m
+1026.17%
|
($16.4m)
-114.26%
|
$1.3b
+8164.88%
|
$153.9m
-88.37%
|
$202.9m
+31.83%
|
$58.3m
-71.27%
|
($25.3m)
-143.35%
|
$55.9m
+321.30%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $4.2m | ($2.9m) | $32.5m | ($21.5m) | ($4.1m) | ($6.5m) | $2.5m | $9.2m | |
| Cash and Cash Equivalents at Beginning of Period | $960k | $2.1m | $6.3m | $3.4m | $35.9m | $14.4m | $10.3m | $3.8m | $6.3m | — | |
| Beginning Cash Position | — | — | — | — | — | $35.9m | $14.4m | $10.3m | $3.8m | $5.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $6.3m | $3.4m | $35.9m | $14.4m | $10.3m | $3.8m | $6.3m | $9.2m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $0 | $0 | ($2.5m) | $554k | $713k | $87k | $1.0m | |
| Effect of exchange rate changes on cash and cash equivalents | — | — | — | $0 | $0 | ($2.5m) | $554k | $713k | $87k | $1.0m | |
| Additional Supplementary Disclosures | |||||||||||
| Additional Supplementary Disclosures | |||||||||||
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $49.8m | $53.8m | $53.6m | $60.3m | $92.6m | $81.2m | $122.9m | $152.3m | $155.4m | — | |
| Income Taxes Paid, Net | $600k | $526k | $455k | $646k | $541k | $567k | $2.1m | $4.1m | $713k | — | |
| Additional Financial Items | |||||||||||
| Derivative, Gain (Loss) on Derivative, Net | — | — | ($1.7m) | ($5.3m) | ($6.2m) | $20.3m | $2.5m | $527k | $0 | — | |
| Goodwill | — | — | $238.2m | $238.1m | $695.9m | $703.8m | $704.0m | $704.8m | $705.2m | — | |
| Income Tax Expense (Benefit) | ($4.3m) | $1.1m | ($6.0m) | ($30.1m) | $4.4m | $7.8m | $7.4m | ($532k) | $2.9m | — | |
| Investment Income, Interest | — | $6.7m | — | — | — | — | — | — | — | — | |
| Operating Costs and Expenses | — | $1.6m | — | — | — | — | — | — | — | — | |
| Operating Expenses | — | — | $50.5m | $59.2m | $252.0m | $280.4m | $283.3m | $263.9m | $286.9m | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | — | — | $800k | — | — | — | — | — | — | — | |
| Payments of Financing Costs | — | — | $15.5m | $279k | — | — | — | — | — | — | |
| Provision for Loan, Lease, and Other Losses | — | — | $3.3m | $3.8m | — | — | — | — | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | $240k | — | — | — | — | — | — | — | — | |
| Sales-type Lease, Selling Profit (Loss) | — | — | — | — | — | $3.9m | $2.3m | $424k | $1.2m | — | |
| Change in fair value of warrants | $0 | $0 | $1.7m | $5.3m | $6.2m | ($20.3m) | ($2.5m) | ($527k) | $0 | — | |
| Gain on sale leaseback transaction | — | — | — | — | — | $0 | $0 | ($23.5m) | $0 | — | |
| Prepaids, operating leases and other | — | — | ($2.6m) | ($2.3m) | ($6.1m) | ($11.9m) | $3.5m | $1.7m | $9.0m | — | |
| Acquisition of businesses, net of cash acquired | ($478k) | ($1.5m) | ($48.4m) | $0 | ($1.3b) | ($49.8m) | $0 | ($6.0m) | $0 | — | |
| Proceeds from sale leaseback transaction, net of expenses | — | — | — | — | — | $0 | $0 | $52.5m | $0 | — | |
| Repayments under revolving credit facilities | ($22.0m) | ($50.0m) | ($272.0m) | ($85.2m) | ($347.1m) | ($110.2m) | ($106.4m) | ($225.2m) | ($230.9m) | — | |
| Repayments of notes payable | $0 | ($1.7m) | ($527.5m) | ($1.1m) | ($507.5m) | ($1.0m) | ($7.7m) | ($3.2m) | $0 | — | |
| Finance lease payments | — | — | ($5.2m) | ($15.9m) | ($5.2m) | ($4.0m) | ($2.7m) | $0 | $0 | — | |
| Net Change in Cash and Cash Equivalents | ($364k) | $1.2m | $4.2m | ($2.9m) | $32.5m | ($21.5m) | ($4.1m) | ($6.5m) | $2.5m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | $153.9m | $202.9m | $58.3m | ($25.3m) | $55.9m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | ($218.9m) | ($176.6m) | ($187.5m) | ($282.5m) | ($248.9m) | |
| Change In Account Payable | — | — | — | — | — | ($5.6m) | $28.3m | ($27.5m) | ($660k) | ($14.2m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | ($21.5m) | ($4.1m) | ($6.5m) | $2.5m | — | |
| Change In Other Working Capital | — | — | — | — | $20.0m | ($1.1m) | — | — | — | $9.0m | |
| Change In Payable | — | — | — | — | — | $58.3m | $144.9m | $49.8m | ($39.9m) | ($14.2m) | |
| Change In Prepaid Assets | — | — | — | — | — | ($13.0m) | ($2.4m) | ($766k) | $6.2m | $20.6m | |
| Changes In Cash | — | — | — | — | — | ($19.1m) | ($4.6m) | ($7.2m) | $2.4m | $4.0m | |
| End Cash Position | — | — | — | — | — | $14.4m | $10.3m | $3.8m | $6.3m | $9.2m | |
| Financing Cash Flow | — | — | — | — | — | $153.9m |
$202.9m
+31.83%
|
$58.3m
-71.27%
|
($25.3m)
-143.35%
|
$55.9m
+321.30%
|
|
| Free Cash Flow | — | — | — | — | — | ($294.8m) | ($395.1m) | ($276.3m) | ($146.9m) | ($226.3m) | |
| Gain Loss On Investment Securities | — | — | — | — | $6.2m | ($20.3m) | ($2.5m) | ($527k) | — | ($17.3m) | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | ($55.2m) | ($67.7m) | ($46.0m) | ($50.0m) | ($55.5m) | |
| Investing Cash Flow | — | — | — | — | — | ($218.9m) | ($176.6m) | ($187.5m) | ($282.5m) | ($248.9m) | |
| Net Business Purchase And Sale | — | — | — | — | — | ($49.8m) | $0 | ($6.0m) | $0 | $0 | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | ($34.2m) | ($42.0m) | ($40.3m) | ($31.6m) | ($44.7m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | ($134.9m) | ($134.6m) | ($141.2m) | ($250.9m) | ($204.2m) | |
| Operating Gains Losses | — | — | — | — | — | ($75.5m) | ($70.2m) | ($46.5m) | ($50.0m) | ($55.5m) | |
| Other Non Cash Items | — | — | — | — | — | $4.9m | $5.7m | ($17.8m) | $4.4m | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | ($1.8m) | $792k | ($1.1m) | ($1.2m) | ($1.2m) | |
| Provisionand Write Offof Assets | — | — | — | — | — | $12.7m | $8.5m | $10.8m | $9.4m | $9.7m | |
| Purchase Of Business | — | — | — | — | — | ($49.8m) | $0 | ($6.0m) | $0 | $0 | |
| Purchase Of Investment Properties | — | — | — | — | — | ($34.2m) | ($42.0m) | ($40.3m) | ($31.6m) | ($44.7m) | |
| Purchase Of PPE | — | — | — | — | — | ($340.8m) | ($364.2m) | ($398.3m) | ($457.0m) | ($423.3m) | |
| Sale Of PPE | — | — | — | — | — | $205.9m | $229.6m | $257.1m | $206.1m | $219.1m | |
| Stock Based Compensation | — | — | — | — | — | $12.3m | $13.3m | $11.9m | $8.5m | $8.9m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.