← Nine Energy Service, Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net loss | ($67.7m) | ($53.0m) | ($217.8m) | ($378.9m) | ($64.6m) | $14.4m | ($32.2m) | ($41.1m) | ($51.3m) | — | |
| Depreciation | $53.4m | $54.3m | $50.5m | $32.4m | $28.9m | $26.8m | $29.1m | $25.6m | $23.2m | $37.7m | |
| Amortization of intangibles | $8.8m | $9.6m | $18.4m | $16.5m | $16.1m | $13.5m | $11.5m | $11.2m | $11.2m | $11.2m | |
| Amortization of operating leases | — | — | — | $8.9m | $8.0m | $8.7m | $12.5m | $13.3m | $15.2m | — | |
| Amortization of deferred financing costs and non-cash interest | — | — | — | — | — | — | — | $7.6m | $14.4m | — | |
| Stock-based compensation expense | $7.6m | $13.2m | $14.1m | $9.7m | $5.4m | $2.4m | $2.2m | $2.9m | $2.2m | $2.8m | |
| Accounts receivable, net | ($52.2m) | ($25.0m) | $41.9m | $52.9m | ($22.5m) | ($41.1m) | $16.5m | $6.7m | $5.2m | ($9.8m) | |
| Provision for inventory obsolescence | $1.4m | $844k | $5.1m | $9.0m | $4.8m | $3.0m | $2.3m | $1.7m | $1.6m | — | |
| Inventories, net | ($8.2m) | ($15.0m) | $22.5m | $13.6m | ($8.6m) | ($23.0m) | $5.2m | $1.7m | ($7.1m) | — | |
| Accounts payable and accrued expenses | $12.5m | $27.2m | ($27.9m) | ($25.5m) | $12.4m | $19.5m | $1.1m | ($2.1m) | $2.7m | — | |
| Capital expenditures in accounts payable and accrued expenses | $1.7m | $4.5m | $10k | $747k | $63k | $3.4m | $1.1m | $889k | $2.7m | ($16.5m) | |
| Prepaid expenses and other current assets | $1.5m | ($5.7m) | $2.4m | $1.4m | $3.4m | ($818k) | $1.1m | ($995k) | ($5.4m) | — | |
| Other assets and liabilities | ($3.3m) | $295k | ($2.6m) | ($4.5m) | ($9.6m) | ($8.6m) | ($245k) | ($1.4m) | ($2.7m) | — | |
| Net cash used in operating activities | $5.7m |
$89.6m
+1479.56%
|
$101.3m
+13.09%
|
($4.9m)
-104.84%
|
($40.4m)
-724.65%
|
$16.7m
+141.25%
|
$45.5m
+172.97%
|
$13.2m
-71.01%
|
($7.3m)
-155.37%
|
$13.9m
+290.93%
|
|
| Loss (gain) on sale of property and equipment | $4.7m | ($1.7m) | ($538k) | ($2.9m) | $660k | $367k | $292k | $256k | ($2.1m) | — | |
| Proceeds from sales of property and equipment | $1.5m | $2.2m | $3.7m | $6.4m | $3.5m | $3.0m | $606k | $585k | $189k | — | |
| Proceeds from property and equipment casualty losses | $300k | $1.7m | $1.6m | $1.2m | $0 | $175k | $840k | $0 | $2.2m | — | |
| Purchases of property and equipment | ($45.2m) | ($46.6m) | ($65.0m) | ($9.4m) | ($15.4m) | ($28.6m) | ($24.6m) | ($14.8m) | ($15.9m) | ($16.5m) | |
| Net cash used in investing activities | ($44.5m) | ($389.8m) | ($34.1m) | ($1.8m) | ($11.9m) | ($25.4m) | ($23.2m) | ($14.2m) | ($13.6m) | ($15.8m) | |
| Cost of debt issuance | ($716k) | ($16.3m) | $0 | — | — | $0 | ($6.3m) | $0 | ($4.6m) | — | |
| Proceeds from short-term debt | — | — | — | $0 | $1.5m | $4.1m | $4.7m | $5.8m | $9.6m | — | |
| Payments of short-term debt | — | — | — | $0 | ($545k) | ($2.8m) | ($4.1m) | ($5.0m) | ($6.8m) | — | |
| Proceeds from issuance of common stock under ATM program | — | — | — | — | — | — | $0 | $8.2m | $0 | $1.5m | |
| Net cash provided by (used in) financing activities | $52.3m |
$346.7m
+562.36%
|
($37.9m)
-110.93%
|
($17.4m)
+54.14%
|
$5.0m
+129.04%
|
$4.8m
-3.94%
|
($8.9m)
-283.40%
|
($1.7m)
+81.08%
|
$12.9m
+864.23%
|
($6.4m)
-150.03%
|
|
| Cash, cash equivalents, and restricted cash at beginning of period | $17.5m | $63.6m | $93.0m | $68.9m | $21.5m | $17.4m | $30.8m | $27.9m | $19.8m | — | |
| Net decrease in cash, cash equivalents, and restricted cash | $13.4m | $46.1m | $29.4m | ($24.1m) | ($47.4m) | ($4.1m) | $13.4m | ($3.0m) | ($8.0m) | — | |
| Additional Supplementary Disclosures | |||||||||||
| Additional Supplementary Disclosures | |||||||||||
| Provision for doubtful accounts | $176k | ($268k) | $849k | $2.8m | ($229k) | ($166k) | $333k | $526k | $15k | — | |
| Loss on revaluation of contingent liability | $415k | $3.3m | ($21.2m) | $276k | $460k | $454k | $437k | $104k | $217k | — | |
| Income taxes receivable/payable | $15.2m | ($255k) | ($294k) | ($732k) | $0 | $655k | $252k | $212k | $636k | — | |
| Operating lease obligations | — | — | — | — | — | ($8.7m) | ($12.3m) | ($13.1m) | ($15.1m) | — | |
| Proceeds from revolving credit facilities | $56.5m | $35.0m | $10.0m | $0 | $15.0m | $24.0m | $40.0m | $3.0m | $65.9m | — | |
| Payments on revolving credit facilities | ($38.3m) | ($96.2m) | ($45.0m) | $0 | $0 | ($7.0m) | ($15.0m) | ($13.0m) | ($51.0m) | — | |
| Principle payments on finance leases | — | — | ($903k) | ($995k) | ($1.1m) | ($1.3m) | ($217k) | ($49k) | ($33k) | — | |
| Payments of contingent liability | ($1.3m) | ($3.4m) | ($374k) | ($1.4m) | ($154k) | ($195k) | ($387k) | ($604k) | ($223k) | — | |
| Impact of foreign currency exchange on cash | ($110k) | ($401k) | $95k | ($61k) | ($66k) | ($168k) | ($64k) | ($294k) | $0 | — | |
| Cash paid for interest | $15.0m | $6.0m | $37.4m | $34.4m | $30.1m | $29.7m | $31.4m | $43.9m | $43.2m | — | |
| Cash paid (refunded) for income taxes | ($14.3m) | $1.7m | $517k | ($540k) | $24k | $116k | $563k | $525k | ($849k) | — |