NN INC
For the period ended Dec 31, 2025. Filed Mar 4, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 4, 2026
NNBR$3.04-1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Years Ended December 31, | |||
|---|---|---|---|
| (in thousands) | 2025 | 2024 | 2023 |
| Cash flows from operating activities | |||
| Net loss | $(34,004) | $(38,273) | $(50,150) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Depreciation and amortization | 35,923 | 45,302 | 46,120 |
| Amortization of debt issuance costs and discount | 1,494 | 2,288 | 1,941 |
| Paid-in-kind interest | 2,664 | 2,677 | 2,239 |
| Impairments of property, plant and equipment | — | 6,546 | — |
| Loss on extinguishment of debt | 3,007 | 349 | — |
| Total derivative loss (gain), net of cash settlements | (3,324) | (1,036) | 11,933 |
| Share of net income from joint venture, net of cash dividends received | (5,824) | (3,311) | (1,868) |
| Gain on sale of business | — | (7,154) | — |
| Share-based compensation expense | 3,200 | 3,140 | 2,821 |
| Deferred income taxes | (961) | (690) | (1,273) |
| Other | (792) | (1,074) | (785) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 4,129 | (2,839) | 9,087 |
| Inventories | (1,826) | 4,210 | 9,997 |
| Other operating assets | 1,473 | (1,558) | (5,041) |
| Income taxes receivable and payable, net | (837) | (662) | (89) |
| Accounts payable | 10,647 | (3,894) | 1,142 |
| Other operating liabilities | (9,298) | 7,049 | 3,270 |
| Net cash provided by operating activities | 5,671 | 11,070 | 29,344 |
| Cash flows from investing activities | |||
| Acquisition of property, plant and equipment | (12,919) | (18,314) | (20,496) |
| Proceeds from sale of property, plant, and equipment | 1,885 | 306 | 2,898 |
| Proceeds received from sale of business | — | 17,000 | — |
| Net cash used in investing activities | (11,034) | (1,008) | (17,598) |
| Cash flows from financing activities | |||
| Proceeds from asset backed credit facilities | 53,000 | 63,400 | 61,000 |
| Repayments of asset backed credit facilities | (53,700) | (58,000) | (62,000) |
| Proceeds from long-term debt | 118,590 | — | — |
| Repayments of long-term debt | (115,770) | (38,031) | (3,395) |
| Cash paid for debt issuance costs | (3,811) | (2,011) | (169) |
| Proceeds from sale-leaseback of equipment | 1,385 | 8,324 | — |
| Proceeds from sale-leaseback of land and buildings | 4,300 | 16,863 | — |
| Repayments of financing obligations | (1,359) | (781) | — |
| Other | (5,086) | (3,009) | 1,681 |
| Net cash used in financing activities | (2,451) | (13,245) | (2,883) |
| Effect of exchange rate changes on cash flows | 1,063 | (592) | 232 |
| Net change in cash and cash equivalents | (6,751) | (3,775) | 9,095 |
| Cash and cash equivalents at beginning of year | 18,128 | 21,903 | 12,808 |
| Cash and cash equivalents at end of year | $11,377 | $18,128 | $21,903 |
| Supplemental schedule of non-cash investing activities: | |||
| Non-cash additions to property, plant and equipment | $1,558 | $3,119 | $2,743 |
| Non-cash additions to debt issuance costs | — | — | 2,712 |
| Non-cash additions to financing obligations | 1,304 | — | — |
| Supplemental disclosures: | |||
| Cash paid for interest, net of capitalized interest | $17,924 | $17,988 | $15,272 |
| Cash paid for income taxes | 4,926 | 3,906 | 3,479 |
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