← Kodiak Gas Services, Inc.
| Annual Trend | 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: | ||||||
| Net Income (Loss) Attributable to Parent | $181.0m |
$106.3m
-41.28%
|
$20.1m
-81.12%
|
$49.9m
+148.65%
|
$80.5m
+61.38%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | $181.0m |
$106.3m
-41.28%
|
$20.1m
-81.12%
|
$48.1m
+139.62%
|
$78.5m
+63.27%
|
|
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | $50.3m | $81.6m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | $439k | $1.1m | |
| Depreciation, Depletion and Amortization | $160.0m | $174.5m | $182.9m | $260.3m | $276.2m | |
| Amortization of Debt Issuance Costs | $6.9m | $13.7m | $13.6m | $12.0m | $12.7m | |
| Amortization of Intangible Assets | — | $9.5m | $9.5m | $12.5m | $14.3m | |
| Depreciation | $160.0m | $165.0m | $173.4m | $245.8m | $259.2m | |
| Amortization of interest rate swap | — | — | $0 | $0 | $5.2m | |
| Deferred Income Tax Expense (Benefit) | — | $27.3m | $7.9m | $15.4m | $25.7m | |
| Deferred tax provision | ($61.0m) | $27.3m | $7.9m | $15.4m | $25.7m | |
| Net effect on deferred taxes and taxes payable related to the vesting of restricted stock | — | — | $0 | $4.5m | $2.3m | |
| Share-based Payment Arrangement, Noncash Expense | — | $971k | $5.9m | $17.7m | $24.5m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | $2.8m | $6.4m | |
| Goodwill, Impairment Loss | — | $0 | $0 | $0 | $0 | |
| Long-lived asset impairment | $9.1m | $0 | $0 | $9.9m | $6.3m | |
| Nonoperating Income (Expense) | — | ($82.7m) | ($209.0m) | ($173.5m) | ($226.5m) | |
| Other Nonoperating Income (Expense) | — | $17k | $31k | ($415k) | ($28.2m) | |
| Changes in operating assets and liabilities: | ||||||
| Increase (Decrease) in Accounts Receivable | — | $16.9m | $22.7m | $102.9m | ($43.8m) | |
| Accounts receivable | ($14.9m) | ($16.9m) | ($22.7m) | ($102.9m) | $43.8m | |
| Increase (Decrease) in Inventories | — | $24.3m | $4.6m | $1.3m | ($1.1m) | |
| Inventory Write-down | — | $500k | $500k | — | — | |
| Inventory reserve | $0 | $500k | $500k | $559k | $124k | |
| Inventories | ($3.0m) | ($24.3m) | ($4.6m) | ($1.3m) | $1.1m | |
| Increase (Decrease) in Accounts Payable | — | ($1.5m) | $10.2m | $5.0m | $5.2m | |
| Accounts payable | ($2.8m) | ($1.5m) | $10.2m | $5.0m | $5.2m | |
| Accrued and other liabilities | $5.2m | $25.6m | $2.8m | ($2.1m) | $17.2m | |
| Increase in accrued capital expenditures | ($7.0m) | ($1.9m) | ($1.7m) | ($8.1m) | ($19.6m) | |
| Increase (Decrease) in Other Operating Assets | — | — | — | $691k | ($3.5m) | |
| Prepaid expenses and other current assets | $1.4m | ($3.3m) | ($833k) | $4.4m | ($8.5m) | |
| Other assets | — | $0 | $0 | ($691k) | $3.5m | |
| Other | ($113k) | ($115k) | ($75k) | $0 | $0 | |
| Net Cash Provided by (Used in) Operating Activities | $250.0m |
$219.8m
-12.05%
|
$266.3m
+21.14%
|
$328.0m
+23.15%
|
$599.7m
+82.85%
|
|
| Cash flows from investing activities: | ||||||
| Payments to Acquire Property, Plant, and Equipment | $0 | $259.3m | $219.8m | $337.0m | $315.5m | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | $874k | $777k | — | — | |
| Payments for (Proceeds from) Other Investing Activities | — | $115k | $75k | $0 | $0 | |
| Net cash used for investing activities | ($202.0m) | ($251.4m) | ($218.4m) | ($292.5m) | ($285.3m) | |
| Net Cash Provided by (Used in) Investing Activities | — | ($251.4m) | ($218.4m) | ($292.5m) | ($285.3m) | |
| Cash flows from financing activities: | ||||||
| Repayments of Long-term Debt | — | $724.9m | $1.2b | $2.5b | $2.9b | |
| Proceeds from Issuance of Long-term Debt | — | $1.6b | $1.0b | $2.6b | $2.9b | |
| Gain (Loss) on Extinguishment of Debt | — | $0 | ($6.8m) | $0 | $0 | |
| Loss on extinguishment of debt | $0 | $0 | ($1.8m) | $0 | $0 | |
| Borrowings on debt instruments | $564.1m | $1.6b | $1.0b | $2.6b | $2.9b | |
| Payments on debt instruments | ($629.3m) | ($724.9m) | ($1.2b) | ($2.5b) | ($2.9b) | |
| Principal payments on other borrowings | — | $0 | $0 | ($5.6m) | ($5.3m) | |
| Payment of debt issuance cost | ($885k) | ($27.8m) | ($32.8m) | ($16.3m) | ($33.2m) | |
| Non-cash debt novation | $0 | $0 | ($689.8m) | $0 | $0 | |
| Payments for Repurchase of Common Stock | — | — | — | $40.0m | $104.0m | |
| Payments of Ordinary Dividends, Common Stock | — | $0 | $29.8m | $133.9m | $159.6m | |
| Dividends paid to stockholders | $0 | $0 | ($29.8m) | ($133.9m) | ($159.6m) | |
| Net cash used for financing activities | ($43.3m) |
$23.2m
+153.57%
|
($62.8m)
-370.90%
|
($36.3m)
+42.12%
|
($316.0m)
-769.84%
|
|
| Net Cash Provided by (Used in) Financing Activities | — | $23.2m |
($62.8m)
-370.90%
|
($36.3m)
+42.12%
|
($316.0m)
-769.84%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | ($8.4m) | ($14.9m) | ($812k) | ($1.6m) | |
| Cash and cash equivalents - beginning of period | $28.8m | $20.4m | $5.6m | $4.8m | $3.2m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $20.4m | $5.6m | $4.8m | $3.2m | |
| Additional Supplementary Disclosures | ||||||
| Additional Supplementary Disclosures | ||||||
| Additional Supplementary Disclosures | ||||||
| Supplemental disclosure of cash flow information: | ||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $119.9m | $143.4m | $216.6m | $147.1m | $168.7m | |
| Income Taxes Paid, Net | $1.9m | $2.2m | $9.8m | $14.7m | $5.9m | |
| Additional Financial Items | ||||||
| Derivative, Gain (Loss) on Derivative, Net | — | $87.4m | ($42.9m) | ($1.2m) | $0 | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | — | — | — | $24.0m | $0 | |
| Gain (Loss) on Disposition of Assets | — | — | — | ($29.6m) | ($61.6m) | |
| Goodwill | — | $305.6m | $305.6m | $415.2m | $408.7m | |
| Income Tax Expense (Benefit) | — | $33.1m | $15.1m | $25.6m | $31.9m | |
| Operating Expenses | — | $485.8m | $606.3m | — | — | |
| Equity compensation expense | $1.2m | $971k | $5.9m | $17.7m | $24.5m | |
| Non-cash lease expense | $0 | $2.8m | $4.5m | $4.7m | $8.4m | |
| Provision for credit losses | ($538k) | $86k | $7.1m | $4.7m | $1.0m | |
| Loss (gain) on sale of assets | — | ($874k) | ($777k) | $29.6m | $61.6m | |
| Loss on discontinuation of hedge | — | — | $0 | $0 | $9.4m | |
| Change in fair value of derivatives | ($40.8m) | ($87.4m) | $42.9m | $1.2m | $0 | |
| Contract assets | $0 | ($3.6m) | ($13.9m) | $9.8m | $2.4m | |
| Contract liabilities | $7.6m | $5.9m | $6.6m | $9.4m | $22.6m | |
| Net cash acquired in acquisition of CSI Compressco LP | — | $0 | $0 | $9.5m | $0 | |
| Proceeds from sale of assets | — | $8.1m | $1.4m | $35.0m | $30.2m | |
| Principal payments on finance leases | — | $0 | $0 | ($2.4m) | ($2.5m) | |
| Proceeds from initial public offering, net of underwriter discounts | $0 | $0 | $277.8m | $0 | $0 | |
| Offering costs | $0 | $0 | ($10.0m) | ($1.2m) | $0 | |
| Repurchase of common shares | — | $0 | $0 | ($40.0m) | ($104.0m) | |
| Distribution to parent | ($1.1m) | ($838.0m) | ($42.3m) | $0 | $0 | |
| Distributions to noncontrolling interest | — | $0 | $0 | ($5.5m) | ($1.3m) | |
| Net decrease in cash and cash equivalents | $4.7m | ($8.4m) | ($14.9m) | ($812k) | ($1.6m) | |
| Fair value changes in interest rate swap | — | — | $0 | $0 | $9.7m | |
| Issuance of common shares | — | — | $0 | $188.2m | $11k | |
| Issuance of preferred shares and noncontrolling interest | — | — | $0 | $154.1m | $0 |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.