← Kinetik Holdings Inc.
| Annual Trend | FY 2016 | 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 | — | ($187k) | — | — | — | — | $135.5m |
$386.5m
+185.17%
|
$244.2m
-36.80%
|
$178.3m
-27.01%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | ($4.4m) |
($369.7m)
-8324.57%
|
$1.6m
+100.43%
|
($13.9m)
-976.43%
|
$40.7m
+392.13%
|
$289.4m
+610.55%
|
$80.0m
-72.36%
|
$178.3m
+122.79%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | ($18.6m) | ($239k) | ($1.3b) | $80.5m | $99.2m | $250.7m | $386.5m | $244.2m | $525.9m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | $4.1m | — | — | — | — | — | — | — | — | |
| Depreciation, Depletion and Amortization | — | — | $20.1m | $41.5m | $15.9m | $16.2m | $260.3m | $281.0m | $324.2m | $382.6m | $401.4m | |
| Amortization of Deferred Charges | — | — | $107k | $889k | $1.1m | $1.2m | — | — | — | — | — | |
| Amortization of Debt Issuance Costs | — | — | $107k | — | — | — | $9.6m | $6.2m | $7.4m | $7.9m | — | |
| Amortization of Intangible Assets | — | — | — | — | — | — | $120.7m | $122.3m | $140.1m | $141.7m | — | |
| Depreciation | — | — | $18.7m | $39.8m | $12.0m | $11.9m | $139.6m | $158.6m | $184.1m | $240.9m | $401.4m | |
| Depreciation and amortization expenses | — | $6.0m | $20.1m | $41.5m | $15.9m | $16.2m | $260.3m | $281.0m | $324.2m | $382.6m | $401.4m | |
| Amortization of deferred financing costs | — | — | — | — | $11.9m | $13.4m | $9.6m | $6.2m | $7.4m | $7.9m | — | |
| Amortization of contract costs | — | — | — | — | $1.8m | $1.8m | $1.8m | $6.6m | $6.6m | $6.8m | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $260.3m | $281.0m | $324.2m | $382.6m | $401.4m | |
| Deferred Income Tax Expense (Benefit) | — | $7.0m | ($9.5m) | $64.9m | $0 | $0 | $2.1m | ($233.4m) | $19.5m | $50.7m | $54.9m | |
| Deferred Tax | — | — | — | — | — | — | $2.1m | ($233.4m) | $19.5m | $50.7m | $54.9m | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | — | — | — | $42.8m | $56.0m | $76.5m | $62.6m | $62.0m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | — | — | $76.5m | $62.6m | $62.0m | |
| Share-based compensation | — | — | — | — | $0 | $0 | $42.8m | $56.0m | $76.5m | $62.6m | $62.0m | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | — | — | $160.4m | — | — | — | — | — | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | $0 | $0 | $0 | $0 | $0 | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | — | $0 | $0 | $0 | $0 | — | |
| Asset Impairment Charge | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | — | — | — | — | — | — | — | $89.8m | $415.4m | — | |
| Income (Loss) from Equity Method Investments | — | — | — | $19.1m | $58.7m | $113.8m | $181.0m | $200.0m | $213.2m | $226.4m | — | |
| Nonoperating Income (Expense) | — | — | — | $13.6m | $20.4m | $44.2m | $102.8m | ($5.7m) | $88.0m | $411.7m | — | |
| Other Nonoperating Income (Expense) | — | $2.2m | — | ($622k) | ($2.3m) | $12.6m | — | — | — | — | — | |
| Gain on sale of equity method investment | — | — | — | — | — | — | $0 | $0 | ($89.8m) | ($415.4m) | — | |
| Cash proceeds from sale of equity method investment | — | — | — | — | — | — | $0 | $0 | $524.4m | $504.2m | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($181.0m) | ($200.0m) | ($303.0m) | ($641.8m) | ($634.1m) | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | $24.7m | ($4.1m) | ($43.4m) | ($17.6m) | ($52.2m) | |
| Increase (Decrease) in Accounts Receivable | — | — | — | — | $1.0m | $1.2m | $8.3m | $12.1m | — | — | ($33.7m) | |
| Accounts receivable and pledged receivable | — | — | — | — | — | — | ($8.3m) | ($12.1m) | ($7.0m) | $1.7m | ($33.7m) | |
| Change In Receivables | — | — | — | — | — | — | ($8.3m) | ($12.1m) | ($7.0m) | $1.7m | ($33.7m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($8.3m) | ($12.1m) | ($7.0m) | $1.7m | ($33.7m) | |
| Increase (Decrease) in Inventories | — | — | $5.1m | $620k | ($430k) | ($356k) | — | — | — | — | — | |
| Increase (Decrease) in Accounts Payable | — | — | — | — | $4.2m | ($2.7m) | ($1.6m) | $19.8m | ($40.8m) | $4.6m | $6.2m | |
| Property and equipment and intangible accruals in accounts payable and accrued liabilities | — | $122.4m | $89.8m | $18.6m | $834k | $514k | $17.3m | $27.3m | $21.1m | $31.9m | — | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $37.1m | $13.3m | ($43.8m) | ($8.0m) | $6.2m | |
| Accrued liabilities | — | $2.1m | $2.0m | $71k | $280k | $9.4m | $38.7m | ($6.5m) | ($2.9m) | ($12.6m) | $23.9m | |
| Change In Accrued Expense | — | — | — | — | — | — | $38.7m | ($6.5m) | ($2.9m) | ($12.6m) | $23.9m | |
| Other assets | — | ($67k) | ($1.0m) | $3.9m | ($56k) | $217k | ($4.2m) | ($5.9m) | $8.0m | ($12.4m) | — | |
| Change In Other Current Assets | — | — | — | — | — | — | ($4.2m) | ($5.9m) | $8.0m | ($12.4m) | ($12.2m) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | $179k | $701k | ($606k) | $1.1m | ($36.3m) | |
| Net Cash Provided by (Used in) Operating Activities | — | ($866k) |
$661k
+176.34%
|
$76.3m
+11439.03%
|
$164.3m
+115.40%
|
$209.7m
+27.65%
|
$613.0m
+192.30%
|
$584.5m
-4.65%
|
$637.3m
+9.04%
|
$604.1m
-5.21%
|
$639.7m
+5.90%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | — | — | $84.0m | — | — | — | $206.2m | $312.9m | $263.5m | $492.5m | ($516.6m) | |
| Property, plant and equipment expenditures | — | $0 | ($84.0m) | — | ($181.4m) | ($78.0m) | ($206.2m) | ($312.9m) | ($263.5m) | ($492.5m) | — | |
| Capital Expenditure Reported | — | — | $84.0m | $342.6m | $30.0m | $4.6m | ($221.6m) | ($329.6m) | ($275.9m) | ($529.7m) | ($516.6m) | |
| Investments in unconsolidated affiliate | — | — | — | — | — | $20.5m | $78.2m | ($238.8m) | ($3.3m) | ($1.2m) | — | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | $2.4m | $8.7m | $0 | — | — | — | — | — | |
| Net Other Investing Changes | — | — | — | — | — | — | $219k | $358k | $409k | $227k | $249k | |
| Net Cash Provided by (Used in) Investing Activities | — | $0 | ($175.1m) | ($1.5b) | ($338.4m) | $8.8m | ($286.1m) | ($686.3m) | ($176.9m) | ($199.1m) | ($11.7m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | — | — | — | — | — | — | $2.3b | $800.0m | $200.0m | $1.0b | ($934.5m) | |
| Proceeds from Issuance of Long-term Debt | — | — | — | — | — | — | $3.0b | $800.0m | $0 | $1.4b | $927.0m | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | — | ($28.0m) | ($1.9m) | ($525k) | ($635k) | — | |
| Loss on debt extinguishment | — | — | — | — | ($868k) | ($4k) | $28.0m | $1.9m | $525k | $635k | — | |
| Proceeds from borrowings under A/R Facility | — | — | — | — | — | — | $0 | $0 | $156.0m | $112.4m | — | |
| Proceeds from borrowings from long-term debt | — | — | — | — | $134.4m | $30.2m | $3.0b | $800.0m | $0 | $1.4b | — | |
| Payments on long-term debt | — | — | — | — | ($25.9m) | ($96.5m) | ($2.3b) | ($800.0m) | ($200.0m) | ($1.0b) | — | |
| Payments of debt issuance costs, net | — | $0 | ($3.8m) | — | ($576k) | ($3.2m) | ($37.0m) | ($11.2m) | ($1.1m) | ($10.9m) | — | |
| Payments of debt discount, net | — | — | — | — | — | — | — | $0 | ($500k) | ($1.2m) | — | |
| Issuance Of Debt | — | — | — | — | — | — | $3.6b | $1.6b | $1.2b | $3.1b | $927.0m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $3.6b | $1.6b | $1.2b | $3.1b | $927.0m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($3.2b) | ($1.4b) | ($1.3b) | ($2.9b) | ($934.5m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $391.9m | $199.0m | ($64.3m) | $286.8m | ($7.5m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $391.9m | $199.0m | ($64.3m) | $286.8m | ($7.5m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($3.2b) | ($1.4b) | ($1.3b) | ($2.9b) | ($934.5m) | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | — | $5.8m | $0 | $176.0m | — | |
| Payments of Ordinary Dividends, Common Stock | — | — | — | — | — | $22 | $39 | $81 | $175 | $194 | ($210.9m) | |
| Cash dividends paid to Class A Common Stock shareholders | — | — | — | $0 | $0 | ($22.5m) | ($39.3m) | ($81.4m) | ($175.2m) | ($193.7m) | ($210.9m) | |
| Repurchase of Class A Common Stock | — | — | — | — | — | $0 | $0 | ($5.8m) | $0 | ($176.0m) | — | |
| Class A Common Stock issued through dividend and distribution reinvestment plan | — | — | — | — | $0 | $0 | $263.3m | $352.1m | $75.6m | $1.6m | — | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($39.3m) | ($81.4m) | ($175.2m) | ($193.7m) | ($210.9m) | |
| Common Stock Payments | — | — | — | — | — | — | $0 | ($5.8m) | $0 | ($176.0m) | ($103.5m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | $0 | ($5.8m) | $0 | ($176.0m) | ($103.5m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | $0 | ($5.8m) | $0 | ($176.0m) | ($103.5m) | |
| Dividends Payable | — | — | — | — | $5.6m | $0 | — | — | — | — | — | |
| Dividend Received CFO | — | — | — | — | — | — | $256.8m | $272.5m | $290.0m | $246.0m | $249.3m | |
| Dividends Received CFI | — | — | — | — | — | — | $0 | $6.7m | $4.1m | $2.9m | $0 | |
| Preferred Stock Dividend Paid | — | — | — | — | — | $0 | ($1.9m) | $0 | $0 | — | $0 | |
| Net Other Financing Charges | — | — | — | — | — | — | ($689.9m) | ($11.9m) | ($221.9m) | ($321.7m) | ($309.0m) | |
| Net cash (used in) provided by financing activities | — | $378.7m |
$624.4m
+64.89%
|
$983.5m
+57.51%
|
$192.3m
-80.45%
|
($110.7m)
-157.59%
|
($339.2m)
-206.35%
|
$100.0m
+129.47%
|
($461.4m)
-561.57%
|
($404.7m)
+12.29%
|
— | |
| Net Cash Provided by (Used in) Financing Activities | — | — | $624.4m |
$983.5m
+57.51%
|
$192.3m
-80.45%
|
($110.7m)
-157.59%
|
($339.2m)
-206.35%
|
$100.0m
+129.47%
|
($461.4m)
-561.57%
|
($404.7m)
+12.29%
|
($630.9m)
-55.90%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | ($444.0m) | $18.2m | $107.8m | ($12.3m) | ($1.9m) | ($904k) | $345k | $7.8m | |
| CASH, BEGINNING OF PERIOD | $0 | $449.9m | $6.0m | $24.2m | $132.0m | $6.4m | $4.5m | $3.6m | $4.0m | |||
| Beginning Cash Position | — | — | — | — | — | — | $18.7m | $6.4m | $4.5m | $3.6m | $10.7m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $6.0m | $24.2m | $132.0m | $6.4m | $4.5m | $3.6m | $4.0m | $7.8m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $0 | $0 | $903k | $1.0m | $9.5m | $120.3m | $207.7m | $244.6m | $216.1m | — | |
| Income Taxes Paid, Net | — | $391k | — | — | — | $0 | $0 | $480k | $560k | $3.6m | — | |
| Additional Financial Items | ||||||||||||
| Asset Retirement Obligation, Accretion Expense | — | — | $1.3m | $1.6m | $4.0m | $4.3m | — | — | — | — | — | |
| Derivative, Gain (Loss) on Derivative, Net | — | — | — | — | — | — | $95.5m | $33.7m | ($17.7m) | $23.7m | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | — | ($12.6m) | ($19.4m) | ($4.0m) | ($8k) | — | |
| General and Administrative Expense | — | $1.5m | $7.4m | $10.3m | $13.2m | $14.2m | $94.3m | $97.9m | $134.2m | $130.6m | — | |
| Goodwill | — | — | — | — | — | — | $5.1m | $5.1m | $5.1m | $5.1m | $0 | |
| Income Tax Expense (Benefit) | — | — | ($10.5m) | $64.9m | ($696k) | $0 | $2.6m | ($232.9m) | $23.0m | $50.7m | — | |
| Operating Expenses | — | $1.7m | — | — | — | — | — | — | $220.7m | $300.3m | — | |
| Operating Lease, Expense | — | — | — | $700k | — | — | — | — | — | — | — | |
| Payments of Financing Costs | — | — | — | $792k | $816k | $0 | — | — | — | — | — | |
| Proceeds from Contributions from Affiliates | — | — | — | — | — | — | $0 | $0 | — | — | — | |
| Proceeds from Noncontrolling Interests | — | — | — | $611.2m | $0 | $0 | — | — | — | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $76.8m | $135.8m | — | — | — | — | — | — | — | |
| Unrealized Gain (Loss) on Derivatives | — | — | — | ($8.5m) | ($36.1m) | $82.1m | $89.1m | — | $10.8m | $18.9m | — | |
| Contingent liabilities fair value adjustment | — | — | — | — | — | — | ($839k) | $0 | $200k | $5.2m | — | |
| Payment of contingent liability in excess of acquisition-date fair value | — | — | — | — | — | — | — | $0 | $0 | ($5.4m) | — | |
| Distributions from unconsolidated affiliates | — | — | — | — | $0 | $68.3m | $256.8m | $6.7m | $290.0m | $2.9m | — | |
| Derivatives settlement | — | — | — | — | ($7.8m) | ($19.4m) | $10.7m | $25.7m | ($7.3m) | $4.3m | — | |
| Derivative fair value adjustment | — | — | — | — | $17.3m | $12.5m | ($95.5m) | ($33.7m) | $17.7m | ($23.7m) | — | |
| Warrants fair value adjustment | — | — | — | ($11.2m) | ($1.2m) | ($664k) | ($133k) | ($88k) | $0 | $0 | — | |
| Loss on disposal of assets, net | — | — | — | — | $3.5m | $382k | $12.6m | $19.4m | $4.0m | $8k | — | |
| Equity in earnings from unconsolidated affiliates | — | $0 | $0 | ($19.1m) | ($58.7m) | ($113.8m) | ($181.0m) | ($200.0m) | ($213.2m) | ($226.4m) | — | |
| Operating leases | — | — | — | — | ($683k) | $786k | $179k | $701k | ($606k) | $1.1m | — | |
| Intangible assets expenditures | — | — | — | — | ($17.6m) | ($4.7m) | ($15.4m) | ($16.7m) | ($12.3m) | ($37.2m) | — | |
| Cash proceeds from disposals of assets | — | — | — | — | $0 | $3.6m | $219k | $358k | $409k | $227k | — | |
| Net cash paid for business combinations | — | — | — | — | — | — | $0 | $0 | $358.0m | ($175.5m) | — | |
| Payments on A/R Facility | — | — | — | — | — | — | $0 | $0 | ($15.8m) | ($87.4m) | — | |
| Proceeds from revolving line of credit | — | $0 | $0 | $396.0m | $228.0m | $33.0m | $565.0m | $752.5m | $1.1b | $1.6b | — | |
| Payments on revolving line of credit | — | — | — | — | ($178.0m) | ($69.5m) | ($879.0m) | ($553.5m) | ($1.1b) | ($1.8b) | — | |
| Distributions paid to Class C Common Unit limited partners | — | — | — | — | — | ($51.2m) | ($1.2m) | ($697k) | ($220.8m) | ($306.3m) | — | |
| Payments on contingent liability | — | — | — | — | — | — | — | $0 | $0 | ($4.5m) | — | |
| Net change in cash | — | $0 | $449.9m | ($444.0m) | $18.2m | $107.8m | ($12.3m) | ($1.9m) | ($904k) | $345k | — | |
| Right-of-use obtained in exchange for lease liabilities | — | — | — | — | $17.0m | $43.6m | $7.1m | $5.2m | $43.7m | $34.7m | — | |
| Fair value of assets acquired in business combinations | — | — | — | — | $0 | $0 | $2.4b | $0 | $875.2m | $191.1m | — | |
| Cash consideration paid | — | — | — | — | — | — | — | $0 | $358.0m | $175.5m | — | |
| Class C Common Units issued | — | — | — | — | — | — | — | $0 | $148.2m | $0 | — | |
| Deferred consideration | — | — | — | — | — | — | $0 | $0 | $275.0m | $0 | — | |
| Contingent consideration | — | — | — | — | — | — | $0 | $0 | $4.5m | $0 | — | |
| Liabilities assumed | — | — | — | — | $0 | $0 | $1.4b | $0 | $89.6m | $15.7m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($339.2m) | $100.0m | ($461.4m) | ($404.7m) | ($630.9m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($286.1m) | ($686.3m) | ($176.9m) | ($199.1m) | ($11.7m) | |
| Change In Account Payable | — | — | — | — | — | — | ($1.6m) | $19.8m | ($40.8m) | $4.6m | $6.2m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($12.3m) | ($1.9m) | ($904k) | $345k | — | |
| Change In Payable | — | — | — | — | — | — | ($1.6m) | $19.8m | ($40.8m) | $4.6m | $6.2m | |
| Changes In Cash | — | — | — | — | — | — | ($12.3m) | ($1.9m) | ($904k) | $345k | ($2.9m) | |
| End Cash Position | — | — | — | — | — | — | $6.4m | $4.5m | $3.6m | $4.0m | $7.8m | |
| Financing Cash Flow | — | — | — | — | — | — | ($339.2m) |
$100.0m
+129.47%
|
($461.4m)
-561.57%
|
($404.7m)
+12.29%
|
($630.9m)
-55.90%
|
|
| Free Cash Flow | — | — | — | — | — | — | $391.4m | $254.9m | $361.5m | $74.4m | $123.1m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($85.0m) | ($8.1m) | $10.5m | ($19.4m) | ($6.8m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($286.1m) | ($686.3m) | ($176.9m) | ($199.1m) | ($11.7m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($64.8m) | ($363.8m) | $94.5m | $327.5m | $504.6m | |
| Net Preferred Stock Issuance | — | — | — | — | — | $0 | ($183.3m) | — | — | — | — | |
| Operating Gains Losses | — | — | — | — | — | — | ($225.3m) | ($186.8m) | ($288.0m) | ($660.6m) | ($641.0m) | |
| Other Non Cash Items | — | — | — | — | — | — | $957k | $12.8m | $14.3m | $14.5m | — | |
| Preferred Stock Payments | — | — | — | — | — | $0 | ($183.3m) | — | — | — | — | |
| Purchase Of Business | — | — | — | — | — | — | ($78.2m) | ($363.8m) | ($429.9m) | ($176.7m) | $461k | |
| Sale Of Business | — | — | — | — | — | — | $13.4m | $0 | $524.4m | $504.2m | $30.0m | |
| Stock Based Compensation | — | — | — | — | — | — | $42.8m | $56.0m | $76.5m | $62.6m | $62.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.