FOSTER L B CO
For the period ended Mar 31, 2024. Filed May 7, 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 7, 2024
FSTR$42.04+0.4%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
(In thousands)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| (Unaudited) | ||
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income (loss) | $4,405 | $(2,171) |
| Adjustments to reconcile net income (loss) to cash used in operating activities: | ||
| Deferred income taxes | (41) | (1,233) |
| Depreciation | 2,374 | 2,505 |
| Amortization | 1,217 | 1,365 |
| Equity in income of nonconsolidated investments | — | (17) |
| Gain on sales and disposals of property, plant, and equipment | (3,574) | (14) |
| Stock-based compensation | 1,033 | 884 |
| Loss on asset divestitures | — | 2,033 |
| Change in operating assets and liabilities: | ||
| Accounts receivable | (4,042) | 26,239 |
| Contract assets | 5,136 | (860) |
| Inventories | (12,371) | (15,564) |
| Other current assets | (3,012) | (791) |
| Other noncurrent assets | 425 | (1,439) |
| Accounts payable | 2,395 | 4,921 |
| Deferred revenue | (1,008) | (707) |
| Accrued payroll and employee benefits | (11,599) | (6,386) |
| Other current liabilities | (1,807) | (2,981) |
| Other long-term liabilities | (1,395) | 1,148 |
| Net cash (used in) provided by operating activities | (21,864) | 6,932 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Proceeds from the sale of property, plant, and equipment | 3,501 | 16 |
| Capital expenditures on property, plant, and equipment | (2,292) | (699) |
| Proceeds from business dispositions | — | 5,344 |
| Net cash provided by investing activities | 1,209 | 4,661 |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Repayments of debt | (55,835) | (55,133) |
| Proceeds from debt | 78,746 | 43,086 |
| Treasury stock acquisitions | (1,613) | (309) |
| Investment of noncontrolling interest | — | 334 |
| Net cash provided by (used in) financing activities | 21,298 | (12,022) |
| Effect of exchange rate changes on cash and cash equivalents | (55) | 186 |
| Net increase (decrease) in cash and cash equivalents | 588 | (243) |
| Cash and cash equivalents at beginning of period | 2,560 | 2,882 |
| Cash and cash equivalents at end of period | $3,148 | $2,639 |
| Supplemental disclosure of cash flow information: | ||
| Interest paid | $992 | $1,425 |
| Income taxes paid (received) | $303 | $(1,564) |
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