Excelerate Energy Inc
For the period ended Jun 30, 2024. Filed Aug 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.
Jun 30, 2024 · Filed Aug 9, 2024
EE$37.54+0.8%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
Consolidated Statements of Cash Flows (Unaudited)
For the Six Months Ended June 30, 2024 and 2023
| Six months ended June 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities · (In thousands) | ||
| Net income | $61,417 | $60,295 |
| Adjustments to reconcile net income to net cash from operating activities | ||
| Depreciation and amortization | 53,310 | 55,965 |
| Amortization of operating lease right-of-use assets | 860 | 9,674 |
| ARO accretion expense | 918 | 877 |
| Amortization of debt issuance costs | 1,715 | 3,983 |
| Deferred income taxes | 2,566 | 1,980 |
| Share of net earnings in equity method investee | (1,123) | (808) |
| Long-term incentive compensation expense | 3,297 | 1,431 |
| (Gain)/loss on non-cash items | (44) | 1,747 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 51,511 | (67,420) |
| Other current assets and other assets | (10,855) | 130,640 |
| Accounts payable and accrued liabilities | (23,995) | (53,520) |
| Current portion of deferred revenue | 2,331 | (122,835) |
| Net investments in sales-type leases | 8,004 | 6,921 |
| Other long-term liabilities | 5,128 | (4,451) |
| Net cash provided by operating activities | $155,040 | $24,479 |
| Cash flows from investing activities | ||
| Purchases of property and equipment | (38,268) | (292,788) |
| Sales of property and equipment | — | 4,101 |
| Net cash used in investing activities | $(38,268) | $(288,687) |
| Cash flows from financing activities | ||
| Repurchase of Class A Common Stock | (20,324) | — |
| Proceeds from Term Loan Facility | — | 250,000 |
| Repayments of long-term debt | (20,627) | (10,925) |
| Repayments of long-term debt – related party | (4,455) | (4,085) |
| Payment of debt issuance costs | — | (7,018) |
| Principal payments under finance lease liabilities | (10,081) | (10,752) |
| Taxes withheld for long-term incentive compensation | (253) | — |
| Dividends paid | (1,278) | (1,313) |
| Distributions | (6,541) | (6,101) |
| Minority owner contribution – Albania Power Project | 477 | 657 |
| Net cash provided by (used in) financing activities | $(63,082) | $210,463 |
| Effect of exchange rate on cash, cash equivalents, and restricted cash | (6) | (105) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 53,684 | (53,850) |
| Cash, cash equivalents and restricted cash | ||
| Beginning of period | $572,458 | $537,971 |
| End of period | $626,142 | $484,121 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.