NN INC
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
NNBR$3.04-1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows (Unaudited)
Condensed Consolidated Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| (in thousands) | 2024 | 2023 |
| Cash flows from operating activities | ||
| Net loss | $(12,537) | $(10,175) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 12,547 | 11,516 |
| Amortization of debt issuance costs and discount | 544 | 353 |
| Paid-in-kind interest | 730 | — |
| Total derivative loss, net of cash settlements | 3,331 | 386 |
| Share of net income from joint venture, net of cash dividends received | (2,271) | (281) |
| Share-based compensation expense | 846 | 381 |
| Deferred income taxes | (260) | 480 |
| Other | (666) | (287) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (6,888) | (5,506) |
| Inventories | (1,554) | (447) |
| Accounts payable | 6,130 | 2,813 |
| Income taxes receivable and payable, net | (163) | (283) |
| Other | 923 | 1,276 |
| Net cash provided by operating activities | 712 | 226 |
| Cash flows from investing activities | ||
| Acquisition of property, plant and equipment | (5,460) | (4,997) |
| Proceeds from sale of property, plant, and equipment | 98 | 1,035 |
| Net cash used in investing activities | (5,362) | (3,962) |
| Cash flows from financing activities | ||
| Proceeds from long-term debt | 13,001 | 17,000 |
| Repayments of long-term debt | (29,808) | (17,832) |
| Cash paid for debt issuance costs | (646) | (55) |
| Proceeds from sale-leaseback of equipment | 4,910 | — |
| Proceeds from sale-leaseback of land and buildings | 16,863 | — |
| Repayments of financing obligations | (99) | — |
| Proceeds from short-term debt | — | 2,923 |
| Other | (651) | (785) |
| Net cash provided by financing activities | 3,570 | 1,251 |
| Effect of exchange rate changes on cash flows | (213) | 222 |
| Net change in cash and cash equivalents | (1,293) | (2,263) |
| Cash and cash equivalents at beginning of period | 21,903 | 12,808 |
| Cash and cash equivalents at end of period | $20,610 | $10,545 |
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