NATURAL GAS SERVICES GROUP INC
For the period ended Mar 31, 2025. Filed May 12, 2025.
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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, 2025 · Filed May 12, 2025
NGS$28.74-1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Cash Flows
| NATURAL GAS SERVICES GROUP, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(in thousands)(unaudited) | ||
|---|---|---|
| Three months ended | ||
| March 31, | ||
| 2025 | 2024 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income | $4,854 | $5,098 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 8,636 | 7,087 |
| Inventory allowance | 61 | — |
| Retirement of rental equipment | 728 | 5 |
| Gain on sale of assets, net | (54) | — |
| Amortization of debt issuance costs | 212 | 150 |
| Deferred income taxes | 1,450 | 1,456 |
| Stock-based compensation | 359 | 274 |
| Provision for credit losses | 208 | 110 |
| Loss (gain) on company owned life insurance | 17 | (184) |
| Changes in operating assets and liabilities: | ||
| Trade accounts receivables | 3 | (3,265) |
| Inventory | 647 | 2,650 |
| Prepaid expenses and prepaid income taxes | 64 | 250 |
| Accounts payable and accrued liabilities | 4,617 | (8,380) |
| Other | (535) | 358 |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 21,267 | 5,609 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchase of rental equipment, property and other equipment | (19,256) | (10,932) |
| Purchase of company owned life insurance | — | (9) |
| NET CASH USED IN INVESTING ACTIVITIES | (19,256) | (10,941) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from credit facility borrowings | 6,000 | 8,000 |
| Repayments of credit facility borrowings | (8,000) | — |
| Payments of other long-term liabilities | — | (175) |
| Taxes paid related to net share settlement of equity awards | (6) | — |
| NET CASH (USED IN) / PROVIDED BY FINANCING ACTIVITIES | (2,006) | 7,825 |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | 5 | 2,493 |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 2,142 | 2,746 |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD | $2,147 | $5,239 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
| Interest paid | $3,510 | $6,220 |
| Income taxes paid | $16 | $— |
| NON-CASH TRANSACTIONS: | ||
| Accrued purchases of property and equipment | $524 | $— |
| Right of use asset acquired through an finance lease | $— | $532 |
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