DLH Holdings Corp
For the period ended Dec 31, 2023. Filed Jan 31, 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.
Dec 31, 2023 · Filed Jan 31, 2024
DLHC$3.64-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows for the and (Unaudited)
CONSOLIDATED STATEMENTS OF CASH FLOWS
(unaudited, in thousands)
| Three Months Ended | ||
|---|---|---|
| December 31, | ||
| 2023 | 2022 | |
| Operating activities | ||
| Net income | $2,151 | $1,547 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 4,253 | 2,402 |
| Amortization of deferred financing costs charged to interest expense | 642 | 276 |
| Stock-based compensation expense | 620 | 552 |
| Deferred taxes, net | (6) | (13) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 3,542 | 780 |
| Other assets | 510 | 994 |
| Accounts payable and accrued liabilities | (7,397) | 1,075 |
| Accrued payroll | 1,909 | 347 |
| Other liabilities | (1,153) | 13 |
| Net cash provided by operating activities | 5,071 | 7,973 |
| Investing activities | ||
| Business acquisition, net of cash acquired | — | (179,958) |
| Purchase of equipment and improvements | (174) | (384) |
| Net cash used in investing activities | (174) | (180,342) |
| Financing activities | ||
| Proceeds from revolving line of credit | 69,831 | — |
| Repayment of revolving line of credit | (64,026) | — |
| Proceeds from debt obligations | — | 200,703 |
| Repayments of debt obligations | (10,378) | (19,327) |
| Payments of deferred financing costs | — | (7,221) |
| Proceeds from issuance of common stock upon exercise of options and warrants | 261 | — |
| Payment of tax obligations resulting from net exercise of stock options | (669) | (650) |
| Net cash (used in) provided by financing activities | (4,981) | 173,505 |
| Net change in cash | (84) | 1,136 |
| Cash - beginning of period | 215 | 228 |
| Cash - end of period | $131 | $1,364 |
| Supplemental disclosure of cash flow information | ||
| Cash paid during the period for interest | $3,972 | $339 |
| Cash paid during the period for income taxes | $— | $5 |
| Supplemental disclosure of non-cash activity | ||
| Common stock surrendered for the exercise of stock options | $244 | $238 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.