← Excelerate Energy, Inc.

Annual Trend 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:
Share of net earnings in equity method investee ($3.1m) ($3.3m) ($2.7m) ($883k) ($2.2m) ($2.3m)
Net Income (Loss) Available to Common Stockholders, Basic $32.9m
$0 -100.00%
$13.3m
$30.4m +128.27%
$32.9m +8.11%
$39.2m +19.23%
Net Income (Loss) Attributable to Noncontrolling Interest — $3.0m $55.1m $96.4m $120.2m $127.8m
Depreciation, Depletion and Amortization $104.2m $104.9m $97.3m $114.3m $98.9m $111.3m
Amortization of Debt Issuance Costs and Discounts — $1.4m $2.7m $6.4m $3.4m $7.3m
Amortization of Intangible Assets — — — — — $9.8m
Amortization of operating lease right-of-use assets $12.4m $23.5m $31.7m $14.7m $2.0m $15.4m
Amortization of debt issuance costs $1.8m $1.4m $2.7m $6.4m $3.4m $7.3m
Deferred Income Tax Expense (Benefit) — ($966k) $2.3m ($3.3m) $3.8m $3.0m
Deferred income taxes $408k ($966k) $2.3m ($3.3m) $3.8m $3.0m
Payment, Tax Withholding, Share-based Payment Arrangement — — — $52k $400k $1.4m
Share-based Payment Arrangement, Expense — — $1.0m $3.6m $7.2m $12.0m
Goodwill, Impairment Loss — — — — — $0
Other Nonoperating Income (Expense) — $564k $312k $15.6m $22.9m $20.0m
Distributions from equity method investee $0 $0 $5.0m $4.7m $1.8m $3.3m
Changes in operating assets and liabilities:
Increase (Decrease) in Accounts Receivable — $247.2m ($197.9m) $21.0m $21.1m ($83.0m)
Accounts receivable ($2.5m) ($247.2m) $197.9m ($21.0m) ($21.1m) $83.0m
Increase (Decrease) in Inventories — $82.7m $68.6m ($169.7m) — —
Inventory Write-down — — $4.4m $1.0m $0 —
Inventories ($17.1m) ($82.7m) ($68.6m) $169.7m — —
Accounts payable and accrued liabilities $7.3m $341.3m ($258.3m) ($54.1m) ($25.3m) $68.2m
Current portion of deferred revenue $2.0m ($2.3m) $135.2m ($117.6m) $31.0m ($5.8m)
Other current assets and other assets ($19.3m) ($17.8m) ($22.8m) ($12.2m) ($49.3m) ($28.5m)
Net Cash Provided by (Used in) Operating Activities $109.0m
$141.6m +29.96%
$225.1m +58.95%
$231.9m +3.02%
$244.4m +5.41%
$461.2m +88.68%
Cash flows from investing activities:
Purchases of property and equipment ($41.3m) ($36.1m) ($119.3m) ($312.7m) ($113.3m) ($163.0m)
Sales of property and equipment — $0 $0 $4.1m $0 $0
Net investments in sales-type leases $8.8m $10.2m $12.2m $12.9m $25.7m $43.5m
Payments to Acquire Businesses, Net of Cash Acquired — — — — — $1.0b
Net Cash Provided by (Used in) Investing Activities ($41.3m) ($36.1m) ($119.3m) ($308.6m) ($113.3m) ($1.2b)
Cash flows from financing activities:
Repayments of Long-term Debt ($27.6m) $29.2m $20.3m $22.0m $44.6m $187.0m
Proceeds from issuance of long-term debt — $0 $0 $250.0m $0 $800.0m
Repayments of long-term debt - related party ($16.3m) ($82.2m) ($653.4m) ($8.4m) ($9.1m) ($8.9m)
Payment of debt issuance costs $0 ($1.2m) ($6.0m) ($7.7m) $0 ($21.2m)
Proceeds from Issuance of Common Stock — $0 $412.1m $0 $0 $201.8m
Proceeds from issuance of Class A Common stock, net $0 $0 $412.1m $0 $0 $201.8m
Repurchase of Class A Common Stock $0 $0 ($140.0m) $0 ($50.0m) $0
Dividends paid $0 $0 $1.3m $2.6m $3.4m $8.5m
Proceeds from (Payments for) Other Financing Activities — — — — — ($314k)
Other financing activities — — — $3.5m $1.5m ($314k)
Net Cash Provided by (Used in) Financing Activities ($31.4m)
($124.1m) -294.74%
$341.2m +374.93%
$111.4m -67.36%
($149.0m) -233.83%
$723.1m +585.25%
Net increase (decrease) in cash, cash equivalents and restricted cash $36.3m ($18.6m) $447.0m $34.5m ($18.0m) $2.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — $34.5m ($18.0m) $2.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — $91.0m $538.0m $572.5m $554.5m $556.5m
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — ($121k) ($119k) $87k
Effect of exchange rate on cash, cash equivalents, and restricted cash — $0 $0 ($121k) ($119k) $87k
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities — $80.5m $55.4m $60.8m $58.1m $79.7m
Income Taxes Paid, Net — $16.8m $37.0m $26.2m $24.4m $22.4m
Additional Financial Items
Accretion Expense — $1.4m $1.5m $1.8m $1.9m $2.8m
Asset Retirement Obligation, Accretion Expense — $1.4m $1.5m $1.8m $1.9m $2.8m
General and Administrative Expense — $47.1m $66.1m $87.5m $94.1m $94.5m
Goodwill — — — — — $235.0m
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — $41.2m $80.0m $126.8m $153.0m $167.0m
Income Tax Expense (Benefit) — $21.2m $28.3m $33.2m $26.1m $27.9m
Operating Costs and Expenses — — — $1.2m $274k —
Operating Expenses — $749.2m $2.3b $948.4m $636.4m $961.6m
Proceeds from Stock Options Exercised — — — — $223k —
ARO accretion expense $1.4m $1.4m $1.5m $1.8m $1.9m $2.8m
Long-term incentive compensation expense $0 $0 $956k $3.6m $7.2m $12.0m
(Gain)/loss on non-cash items $0 $0 ($2.2m) $1.0m ($44k) $0
Operating lease assets and liabilities ($11.9m) ($22.4m) ($30.3m) ($14.8m) ($2.0m) ($14.9m)
Tax receivable agreement liability — $0 $0 ($5.9m) ($3.4m) ($7.8m)
Other long-term liabilities ($7.8m) ($6.2m) $16.9m $5.8m $17.0m $3.7m
Net cash paid for Acquisition — — — $0 $0 ($1.0b)
Principal payments under finance lease liabilities ($34.1m) ($36.3m) ($20.5m) ($20.6m) ($20.5m) ($21.6m)
Taxes withheld for long-term incentive compensation — — $0 ($52k) ($400k) ($1.4m)
Distributions ($7.6m) $0 ($4.1m) ($16.2m) ($22.5m) ($29.8m)
Beginning of period $109.5m $91.0m $538.0m $572.5m $554.5m $556.5m

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.