← Smart Sand, 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 | $10.4m |
$21.5m
+107.40%
|
$18.7m
-13.18%
|
$31.6m
+69.22%
|
$38.0m
+20.02%
|
($50.7m)
-233.51%
|
($703k)
+98.61%
|
$4.6m
+761.31%
|
$3.0m
-35.64%
|
$1.3m
-55.05%
|
— | |
| Depreciation, Depletion and Amortization | $6.5m | $7.9m | $1.8m | $2.4m | $1.9m | $2.0m | $2.2m | $2.5m | $2.6m | $2.4m | $30.3m | |
| Depreciation | $6.4m | $7.3m | $17.1m | $25.7m | $21.7m | $24.7m | $25.7m | $26.5m | $27.9m | $28.0m | $29.5m | |
| Amortization of Debt Issuance Costs | $159k | $455k | $300k | $212k | $105k | $105k | $105k | $105k | $145k | $250k | — | |
| Amortization of Debt Issuance Costs and Discounts | ($1.2m) | ($193k) | ($233k) | $861k | $290k | $291k | $291k | $291k | $237k | $250k | — | |
| Amortization of Intangible Assets | $0 | $0 | $1.0m | $1.4m | $793k | $795k | $792k | $793k | $792k | $795k | — | |
| Depreciation, Amortization and Accretion, Net | — | — | $17.2m | $26.4m | $22.1m | $25.3m | $26.5m | $27.5m | $28.9m | $29.3m | $30.3m | |
| Deferred Income Tax Expense (Benefit) | $539k | ($1.8m) | $4.7m | $6.1m | ($2.6m) | ($10.5m) | ($4.2m) | ($6.1m) | ($2.8m) | ($5.1m) | ($22.8m) | |
| Share-based Payment Arrangement, Noncash Expense | $1.4m | $2.0m | $2.9m | $2.9m | $3.8m | $3.2m | $3.2m | $3.5m | $3.2m | $3.7m | $3.8m | |
| Gain (Loss) on Sale of Assets and Asset Impairment Charges | ($59k) | $253k | $321k | $15.5m | $237k | $555k | ($294k) | $1.8m | $1.1m | ($566k) | — | |
| Goodwill and Intangible Asset Impairment | — | — | $17.8m | $15.5m | $5.1m | $0 | $0 | $0 | — | — | — | |
| Goodwill, Impairment Loss | — | — | $16.9m | — | — | — | — | — | — | — | $0 | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | $8.5m | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | $900k | — | — | — | — | — | — | — | — | |
| Nonoperating Income (Expense) | $433k | $12k | ($2.1m) | ($4.1m) | $38.0m | $3.8m | ($780k) | ($748k) | ($2.8m) | ($1.1m) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $3.3m | $18.0m | ($4.5m) | $41.1m | $10.7m | ($32.9m) | $18.3m | ($12.7m) | $17.8m | ($10.4m) | $2.3m | |
| Increase (Decrease) in Inventories | $1.4m | ($4.4m) | $7.3m | $1.0m | ($4.7m) | ($1.9m) | $5.2m | $6.6m | ($1.8m) | $6.0m | ($2.1m) | |
| Inventory Write-down | $0 | $0 | $0 | $0 | — | — | $0 | $0 | $0 | $0 | — | |
| Increase (Decrease) in Accounts Payable | $761k | $9.4m | ($2.3m) | ($4.7m) | ($370k) | $4.5m | $5.2m | $2.0m | $53k | ($6.8m) | ($1.2m) | |
| Net Cash Provided by (Used in) Operating Activities | $26.7m |
$15.6m
-41.47%
|
$50.9m
+225.76%
|
$44.6m
-12.33%
|
$25.5m
-42.78%
|
$32.4m
+27.00%
|
$5.4m
-83.29%
|
$31.0m
+471.79%
|
$17.9m
-42.36%
|
$44.1m
+146.95%
|
$38.4m
-12.88%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $2.5m | $51.2m | $96.1m | $25.5m | $8.6m | $11.2m | $12.7m | $23.0m | $7.0m | $11.6m | ($10.3m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | $59k | ($253k) | ($321k) | $42k | ($237k) | ($555k) | $294k | ($1.8m) | ($1.1m) | $566k | ($823k) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $29.9m | $0 | $0 | — | $6.5m | $0 | $0 | — | $0 | |
| Net Cash Provided by (Used in) Investing Activities | ($2.5m) | ($51.1m) | ($126.0m) | ($25.4m) | ($8.6m) | ($11.1m) | ($18.2m) | ($22.9m) | ($6.9m) | ($10.9m) | ($9.5m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | ($1.1m) | $0 | $0 | ($561k) | $0 | $0 | $0 | $0 | ($1.3m) | $0 | — | |
| Payments for Repurchase of Common Stock | $416k | $127k | $2.2m | $140k | $1.2m | $402k | $540k | $4.8m | $422k | $628k | — | |
| Dividends paid | — | — | — | — | — | — | — | — | $3.9m | $5.9m | ($5.9m) | |
| Net Cash Provided by (Used in) Financing Activities | $19.4m |
$23.2m
+19.62%
|
$41.3m
+78.00%
|
($18.0m)
-143.65%
|
($7.9m)
+56.22%
|
($7.4m)
+5.86%
|
($7.3m)
+1.92%
|
($7.5m)
-3.25%
|
($15.5m)
-105.41%
|
($12.3m)
+20.68%
|
($14.6m)
-18.79%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $43.6m | ($12.3m) | ($33.8m) | $1.2m | $9.1m | $13.9m | ($20.1m) | $562k | ($4.5m) | $21.0m | $19.5m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $35.2m | $1.5m | $2.6m | $11.7m | $25.6m | $5.5m | $6.1m | $1.6m | $22.6m | $19.5m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $0 | — | — | — | $0 | — | — | — | $0 | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $1.7m | $2.8m | $1.8m | $1.5m | $1.2m | $1.1m | $1.4m | $1.6m | — | |
| Income Taxes Paid, Net | $933k | $7.7m | $666k | $207k | $635k | $209k | $187k | $211k | ($78k) | ($310k) | — | |
| Additional Financial Items | ||||||||||||
| Accretion Expense | $263k | $0 | $246k | — | — | — | — | — | — | — | — | |
| Asset Retirement Obligation, Accretion Expense | $16k | $514k | $26k | $687k | $396k | $740k | $758k | $904k | $996k | $1.1m | — | |
| Gain (Loss) on Sale of Derivatives | ($5k) | — | — | — | — | — | — | — | — | — | — | |
| Goodwill | — | — | $0 | — | — | — | — | — | — | — | $0 | |
| Income Tax Expense (Benefit) | $9.4m | ($2.8m) | $5.1m | $7.8m | ($13.0m) | ($9.0m) | ($3.2m) | ($6.9m) | ($2.7m) | ($6.9m) | — | |
| Operating Expenses | $12.3m | $18.2m | $41.7m | $37.6m | $31.1m | $47.6m | $32.7m | $43.1m | $41.8m | $42.3m | — | |
| Operating Lease, Expense | — | — | — | $16.6m | $12.1m | $11.0m | $12.2m | — | — | — | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | $0 | $0 | $42k | $0 | $0 | — | $1k | $0 | $163k | ($23k) | — |