NEWPARK RESOURCES INC
For the period ended Sep 30, 2024. Filed Nov 12, 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.
Sep 30, 2024 · Filed Nov 12, 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
| Nine Months Ended September 30, | ||
|---|---|---|
| (In thousands) | 2024 | 2023 |
| Cash flows from operating activities: | ||
| Net income (loss) | $(158,965) | $14,992 |
| Adjustments to reconcile net income (loss) to net cash provided by operations: | ||
| Loss on divestitures | 195,729 | — |
| Impairments and other non-cash charges | — | 2,816 |
| Depreciation and amortization | 21,804 | 23,507 |
| Stock-based compensation expense | 4,119 | 4,967 |
| Provision for deferred income taxes | (22,290) | (1,031) |
| Credit loss expense | 998 | 827 |
| Gain on sale of assets | (2,412) | (2,176) |
| Gain on insurance recovery | (874) | — |
| Amortization of original issue discount and debt issuance costs | 885 | 409 |
| Change in assets and liabilities: | ||
| (Increase) decrease in receivables | (13,734) | 33,917 |
| (Increase) decrease in inventories | 9,481 | (2,160) |
| Increase in other assets | (1,027) | (2,133) |
| Increase (decrease) in accounts payable | 12,498 | (11,179) |
| Increase (decrease) in accrued liabilities and other | (3,916) | 1,086 |
| Net cash provided by operating activities | 42,296 | 63,842 |
| Cash flows from investing activities: | ||
| Capital expenditures | (29,940) | (20,134) |
| Proceeds from divestitures, net of cash disposed | 48,499 | 19,355 |
| Proceeds from sale of property, plant and equipment | 3,188 | 2,952 |
| Proceeds from insurance property claim | 1,385 | — |
| Net cash provided by investing activities | 23,132 | 2,173 |
| Cash flows from financing activities: | ||
| Borrowings on lines of credit | 177,541 | 198,486 |
| Payments on lines of credit | (224,292) | (229,657) |
| Debt issuance costs | (50) | — |
| Purchases of treasury stock | (4,504) | (28,226) |
| Proceeds from employee stock plans | 17 | 179 |
| Other financing activities | (9,538) | (2,950) |
| Net cash used in financing activities | (60,826) | (62,168) |
| Effect of exchange rate changes on cash | (119) | (504) |
| Net increase in cash, cash equivalents, and restricted cash | 4,483 | 3,343 |
| Cash, cash equivalents, and restricted cash at beginning of period | 38,901 | 25,061 |
| Cash, cash equivalents, and restricted cash at end of period | $43,384 | $28,404 |
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