← Montauk Renewables, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Net loss on disposal of assets | ($40k) | $320k | $822k | ($233k) | $94k | $0 | $36k | — | |
| Net Income | — | — | — | $35.2m |
$14.9m
-57.53%
|
$9.7m
-34.88%
|
$1.7m
-82.04%
|
$7.9m
+353.66%
|
|
| Depreciation, depletion and amortization | $19.8m | $22.1m | $22.9m | $20.7m | $21.2m | $23.5m | $30.0m | $33.0m | |
| Amortization of debt issuance costs | $1.1m | $695k | $483k | $412k | $367k | $360k | $391k | — | |
| Depreciation Amortization Depletion | — | — | — | $20.7m | $21.2m | $23.5m | $30.0m | $33.0m | |
| (Benefit) provision for deferred income taxes | ($898k) | ($6.1m) | $4.3m | $6.6m | $1.9m | $804k | ($4.3m) | — | |
| Deferred Tax | — | — | — | $6.6m | $1.9m | $804k | ($4.3m) | ($3.8m) | |
| Stock-based compensation | $570k | $762k | $22.4m | $9.8m | $8.3m | $10.0m | $4.4m | $2.0m | |
| Impairment loss | $2.4m | $278k | $1.2m | $4.9m | $902k | $1.6m | $3.2m | — | |
| Asset Impairment Charge | — | — | — | $4.9m | $902k | $1.6m | $3.2m | $1.9m | |
| Non cash expense - RINs sold from equity method investment | — | — | — | — | $0 | $0 | $1.7m | — | |
| Income from equity method investment | — | — | — | — | $0 | $0 | ($1.5m) | — | |
| Capital contributions to equity method investments | — | — | — | — | $0 | $0 | ($4.0m) | — | |
| Non-cash RIN distribution from equity method investment | — | — | — | — | $0 | $0 | $1.7m | — | |
| Earnings (Loss)es From Equity Investments | — | — | $0 | — | $0 | $0 | $176k | $285k | |
| Change In Working Capital | — | — | — | $5.2m | ($8.8m) | ($1.2m) | ($7.0m) | ($590k) | |
| Accounts receivable | ($2.3m) | $2.5m | ($1.5m) | ($3.1m) | ($9.8m) | $4.6m | ($995k) | ($3.5m) | |
| Change In Receivables | — | — | — | $2.1m | ($9.1m) | $1.1m | ($6.3m) | ($3.5m) | |
| Changes In Account Receivables | — | — | — | $2.1m | ($5.5m) | $4.6m | ($995k) | ($3.5m) | |
| Critical spare inventory | — | — | — | ($752k) | ($1.0m) | $472k | ($1.7m) | — | |
| Change In Inventory | — | — | — | ($752k) | ($1.0m) | $472k | ($1.7m) | ($868k) | |
| Accounts payable and Accrued liabilities | $48k | $3.7m | ($2.1m) | $8.3m | $977k | ($2.3m) | $735k | $2.4m | |
| Accrual for purchase of property, plant and equipment included in accounts payable and accrued liabilities | — | — | $1.2m | $2.6m | $5.5m | $4.7m | $11.8m | — | |
| Other | — | — | — | ($331k) | ($22k) | ($477k) | $196k | — | |
| Net cash provided by operating activities | $27.8m |
$28.7m
+3.09%
|
$42.9m
+49.49%
|
$81.1m
+89.06%
|
$41.1m
-49.36%
|
$43.8m
+6.68%
|
$30.3m
-30.74%
|
$43.4m
+43.18%
|
|
| Capital expenditures | ($45.6m) | ($17.6m) | ($10.0m) | ($22.3m) | ($63.1m) | ($62.3m) | ($116.5m) | ($126.8m) | |
| Capital Expenditure Reported | — | — | $5.5m | ($22.3m) | ($63.1m) | ($62.3m) | ($116.5m) | ($126.8m) | |
| Net Other Investing Changes | — | — | — | $1.5m | $4k | $132k | $55k | $86k | |
| Net cash used in investing activities | ($44.9m) | ($16.0m) | ($19.5m) | ($20.8m) | ($63.1m) | ($62.2m) | ($120.5m) | ($128.6m) | |
| Repayments of long-term debt | ($55.0m) | ($10.0m) | ($66.7m) | ($8.0m) | ($8.0m) | ($8.0m) | ($12.0m) | ($175.1m) | |
| Borrowings on revolver | $28.2m | $8.5m | $80.0m | $0 | $0 | $0 | $105.0m | — | |
| Issuance Of Debt | — | — | — | $0 | $0 | $0 | $105.0m | $260.0m | |
| Long Term Debt Issuance | — | — | — | $0 | $0 | $0 | $105.0m | $260.0m | |
| Long Term Debt Payments | — | — | — | ($8.0m) | ($8.1m) | ($8.1m) | ($32.1m) | ($175.1m) | |
| Net Issuance Payments Of Debt | — | — | — | ($8.0m) | ($8.1m) | ($8.1m) | $72.9m | $84.9m | |
| Net Long Term Debt Issuance | — | — | — | ($8.0m) | ($8.1m) | ($8.1m) | $72.9m | $84.9m | |
| Repayment Of Debt | — | — | — | ($8.0m) | ($8.1m) | ($8.1m) | ($32.1m) | ($175.1m) | |
| Common stock issuance | — | — | $15.6m | $6k | $4k | $6k | $5k | $1k | |
| Common Stock Payments | — | — | — | ($238k) | ($122k) | ($1.8m) | ($419k) | ($65k) | |
| Issuance Of Capital Stock | — | — | — | $6k | $4k | $6k | $5k | $1k | |
| Net Common Stock Issuance | — | — | — | ($232k) | ($118k) | ($1.8m) | ($414k) | ($64k) | |
| Repurchase Of Capital Stock | — | — | — | ($238k) | ($122k) | ($1.8m) | ($419k) | ($65k) | |
| Net Other Financing Charges | — | — | ($9.4m) | — | ($1.1m) | — | ($4.2m) | ($4.2m) | |
| Net cash provided (used) in financing activities | ($27.5m) |
($1.5m)
+94.55%
|
$8.6m
+676.60%
|
($8.3m)
-195.72%
|
($9.3m)
-12.69%
|
($9.8m)
-5.49%
|
$68.3m
+794.36%
|
— | |
| Cash and cash equivalents and restricted cash at beginning of period | $10.4m | $21.6m | $53.6m | $105.6m | $74.2m | $46.0m | $24.2m | — | |
| Beginning Cash Position | — | — | — | $53.6m | $105.6m | $74.2m | $46.0m | $29.5m | |
| Net decrease in cash and cash equivalents and restricted cash | ($44.6m) | $11.2m | $32.1m | $52.0m | ($31.4m) | ($28.2m) | ($21.8m) | — | |
| Restricted cash and cash equivalents - current | $7k | $0 | $19k | $22k | $8k | $8k | $8k | — | |
| Restricted cash and cash equivalents - non-current | $567k | $567k | $328k | $407k | $423k | $375k | $430k | — | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Net (loss) income | $5.8m | $4.6m | ($4.5m) | $35.2m | $14.9m | $9.7m | $1.7m | — | |
| Derivative mark-to-market adjustments and settlements | — | $1.0m | ($1.4m) | ($2.7m) | $560k | $486k | $549k | — | |
| (Decrease) increase in earn-out liability | — | — | $801k | $1.1m | $1.3m | ($1.7m) | $594k | — | |
| Accretion of asset retirement obligations | $391k | $320k | ($160k) | $296k | $407k | $445k | $485k | — | |
| Liabilities associated with properties sold | — | — | — | $0 | $0 | ($225k) | $0 | — | |
| Royalty offset long term receivable | — | — | — | $0 | ($3.5m) | ($3.1m) | ($4.6m) | — | |
| Income tax receivable | — | — | — | $734k | ($89k) | ($354k) | ($661k) | — | |
| Asset acquisition | — | — | ($9.7m) | $0 | $0 | ($820k) | $0 | — | |
| Cash collateral deposits | $353k | — | ($220k) | $82k | $2k | ($48k) | $55k | — | |
| Proceeds from sale of assets | — | — | $73k | $1.1m | $2k | $1.0m | $0 | — | |
| Repayments on revolver | — | — | — | — | $0 | $0 | ($20.0m) | — | |
| Contingent consideration payments | — | — | — | — | $0 | $0 | ($4.2m) | — | |
| Treasury stock purchase | — | — | ($10.8m) | ($238k) | ($122k) | ($1.8m) | ($419k) | — | |
| Related party receivable | — | — | ($8.9m) | $0 | ($1.1m) | $0 | $0 | — | |
| Finance lease payments | — | — | $0 | ($47k) | ($74k) | ($68k) | ($71k) | — | |
| Cash and cash equivalents | $9.8m | $21.0m | $53.3m | $105.2m | $73.8m | $45.6m | $23.8m | $29.5m | |
| Cash paid for interest, net of $1,308 and $0 capitalized respectively | $4.8m | $4.2m | $3.8m | $3.5m | $5.0m | $4.3m | $4.1m | — | |
| Cash paid for income taxes | $2.7m | ($454k) | $280k | $696k | $1.9m | $2.0m | $783k | — | |
| Non-cash purchase of Treasury stock | — | — | — | $0 | $0 | $8.3m | $0 | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | ($8.3m) | ($9.3m) | ($9.8m) | $68.3m | $74.1m | |
| Cash Flow From Continuing Investing Activities | — | — | — | ($20.8m) | ($63.1m) | ($62.2m) | ($120.5m) | ($128.6m) | |
| Change In Account Payable | — | — | — | $3.5m | $1.3m | ($2.3m) | $735k | $2.4m | |
| Change In Cash Supplemental As Reported | — | — | — | $52.0m | ($31.4m) | ($28.2m) | ($21.8m) | — | |
| Change In Payable | — | — | — | $4.2m | $1.3m | ($2.3m) | $735k | $2.4m | |
| Change In Tax Payable | — | — | — | $734k | ($89k) | ($354k) | — | ($141k) | |
| Changes In Cash | — | — | — | $52.0m | ($31.4m) | ($28.2m) | ($21.8m) | ($11.0m) | |
| End Cash Position | — | — | — | $105.6m | $74.2m | $46.0m | $24.2m | $18.5m | |
| Financing Cash Flow | — | — | — | ($8.3m) |
($9.3m)
-12.69%
|
($9.8m)
-5.49%
|
$68.3m
+794.36%
|
$74.1m
+8.44%
|
|
| Free Cash Flow | — | — | — | $58.8m | ($22.0m) | ($18.5m) | ($86.2m) | ($83.4m) | |
| Gain Loss On Investment Securities | — | — | — | ($2.7m) | $560k | $486k | $549k | $428k | |
| Investing Cash Flow | — | — | — | ($20.8m) | ($63.1m) | ($62.2m) | ($120.5m) | ($128.6m) | |
| Net Investment Purchase And Sale | — | — | — | — | $0 | $0 | ($4.0m) | ($4.0m) | |
| Operating Gains Losses | — | — | — | ($2.9m) | $654k | $486k | $761k | $1.6m | |
| Other Non Cash Items | — | — | — | $1.5m | $2.0m | ($1.1m) | $1.5m | — | |
| Purchase Of Investment | — | — | — | — | $0 | $0 | ($4.0m) | ($4.0m) |