NEWPARK RESOURCES INC
For the period ended Mar 31, 2024. Filed May 3, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 3, 2024
NPKI$9.07+1.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| (In thousands) | 2024 | 2023 |
| Cash flows from operating activities: | ||
| Net income | $7,293 | $5,620 |
| Adjustments to reconcile net income to net cash provided by operations: | ||
| Depreciation and amortization | 7,411 | 7,895 |
| Stock-based compensation expense | 1,495 | 1,738 |
| Provision for deferred income taxes | (1,551) | (726) |
| Credit loss expense | 137 | 272 |
| Gain on sale of assets | (390) | (554) |
| Gain on insurance recovery | (874) | — |
| Amortization of original issue discount and debt issuance costs | 131 | 138 |
| Change in assets and liabilities: | ||
| (Increase) decrease in receivables | (3,140) | 27,287 |
| (Increase) decrease in inventories | 8,250 | (3,870) |
| Decrease in other assets | 39 | 1,098 |
| Decrease in accounts payable | (306) | (1,233) |
| Decrease in accrued liabilities and other | (6,545) | (8,221) |
| Net cash provided by operating activities | 11,950 | 29,444 |
| Cash flows from investing activities: | ||
| Capital expenditures | (13,882) | (6,972) |
| Proceeds from divestitures | — | 7,153 |
| Proceeds from sale of property, plant and equipment | 1,143 | 740 |
| Net cash provided by (used in) investing activities | (12,739) | 921 |
| Cash flows from financing activities: | ||
| Borrowings on lines of credit | 52,561 | 76,447 |
| Payments on lines of credit | (48,633) | (90,212) |
| Purchases of treasury stock | — | (15,006) |
| Proceeds from employee stock plans | 17 | — |
| Other financing activities | (3,356) | (1,499) |
| Net cash provided by (used in) financing activities | 589 | (30,270) |
| Effect of exchange rate changes on cash | (761) | 375 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | (961) | 470 |
| Cash, cash equivalents, and restricted cash at beginning of period | 38,901 | 25,061 |
| Cash, cash equivalents, and restricted cash at end of period | $37,940 | $25,531 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.