Montauk Renewables Inc
For the period ended Mar 31, 2024. Filed May 9, 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 9, 2024
MNTK$1.19-57.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited consolidated statements of cash flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands):
| for the three months ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $1,850 | $(3,788) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation, depletion and amortization | 5,434 | 5,196 |
| Provision (benefit) for deferred income taxes | 249 | (13,033) |
| Stock-based compensation | 2,241 | 1,770 |
| Derivative mark-to-market adjustments and settlements | (91) | 396 |
| Net loss on sale of assets | 22 | 37 |
| (Decrease) increase in earn-out liability | (849) | 214 |
| Accretion of asset retirement obligations | 108 | 100 |
| Liabilities associated with properties sold | (225) | — |
| Amortization of debt issuance costs | 90 | 93 |
| Impairment loss | 528 | 451 |
| Changes in operating assets and liabilities: | ||
| Accounts and other receivables and other current assets | 1,639 | 1,033 |
| Accounts payable and other accrued expenses | 3,296 | (4,307) |
| Net cash provided by (used in) operating activities | $14,292 | $(11,838) |
| Cash flows from investing activities: | ||
| Capital expenditures | $(21,986) | $(13,278) |
| Asset acquisition | (820) | — |
| Cash collateral deposits, net | 20 | — |
| Net cash used in investing activities | $(22,786) | $(13,278) |
| Cash flows from financing activities: | ||
| Repayments of long-term debt | $(2,000) | $(2,000) |
| Finance lease payments | (20) | (18) |
| Net cash used in financing activities | $(2,020) | $(2,018) |
| Net decrease in cash and cash equivalents and restricted cash | $(10,514) | $(27,134) |
| Cash and cash equivalents and restricted cash at beginning of period | $74,242 | $105,606 |
| Cash and cash equivalents and restricted cash at end of period | $63,728 | $78,472 |
| Reconciliation of cash, cash equivalents, and restricted cash at end of period: | ||
| Cash and cash equivalents | $63,277 | $78,043 |
| Restricted cash and cash equivalents - current | 8 | 22 |
| Restricted cash and cash equivalents - non-current | 443 | 407 |
| $63,728 | $78,472 | |
| Supplemental cash flow information: | ||
| Cash paid for interest | $1,237 | $1,211 |
| Cash paid for income taxes | 574 | 63 |
| Accrual for purchase of property, plant and equipment included in accounts payable and accrued liabilities | 7,492 | 2,995 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.