GMR Solutions Inc.
For the period ended Jun 30, 2026. Filed Aug 12, 2026.
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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, 2026 · Filed Aug 12, 2026
GMRS$10.99-2.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(Amounts in thousands, unaudited)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Six Months Ended June 30, | ||||||
| · · 2026 · · 2025 | ||||||
| Cash flows from operating activities: | | | | | | |
| Net income (loss) | | $78,058 | | $118,785 | ||
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | | | | | | |
| Depreciation and amortization | | | 152,323 | | | 147,634 |
| Amortization of deferred financing costs and debt discount | | | 4,777 | | | 8,188 |
| Paid-in-kind interest on long-term debt | | | — | | | 15,579 |
| Impairment of assets held for sale and other investments | | | — | | | 14,100 |
| (Gain) loss on divestiture of businesses | | | — | | | 3,837 |
| Stock-based compensation expense | | | 132,511 | | | 1,422 |
| Liability classified stock awards | | | — | | | 4,169 |
| Loss (gain) on disposal of property and equipment | | | 1,855 | | | 5,290 |
| Unrealized loss (gain) on marketable equity securities | | | 873 | | | 784 |
| Deferred income taxes | | | (8) | | | (4) |
| Other, net | | | (7,800) | | | 3,645 |
| Changes in assets and liabilities, net of effects of acquisitions | | | | | | |
| Accounts receivable, net | | | (71,555) | | | (54,923) |
| Accounts payable | | | 4,007 | | | 8,923 |
| Accrued wages, benefits and taxes | | | (62,806) | | | (20,553) |
| Accrued interest | | | (51,007) | | | 27,138 |
| Accrued liabilities | | | 43,952 | | | (60,027) |
| Other assets and liabilities, net | | | (7,854) | | | (5,314) |
| Net cash provided by (used in) operating activities | | | 217,326 | | | 218,673 |
| | | | | | | |
| Cash flows from investing activities: | | | | | | |
| Proceeds from divestiture of businesses | | | — | | | 2,819 |
| Proceeds from asset disposals related to sales and insurance recoveries | | | 1,323 | | | 633 |
| Purchases of property and equipment | | | (137,989) | | | (111,600) |
| Net change in investments held as insurance collateral | | | (572) | | | (1,857) |
| Purchases of marketable securities | | | (64,563) | | | (20,300) |
| Sales and maturities of marketable securities | | | 60,678 | | | 25,956 |
| Other investing activities, net | | | 14,675 | | | (3,347) |
| Net cash provided by (used in) investing activities | | | (126,448) | | | (107,696) |
| | | | | | | |
| Cash flows from financing activities: | | | | | | |
| Payments on finance lease obligations | | | (6,401) | | | (7,473) |
| Principal payments on long-term debt | | | (750,351) | | | (76,100) |
| Proceeds from issuance of long-term debt | | | 73,037 | | | 77,026 |
| Issuance of common stock, net | | | 446,904 | | | — |
| Repurchase of common stock | | | — | | | (86) |
| Issuance of warrants to purchase common stock | | | 500,000 | | | — |
| (Redemption) issuance of redeemable preferred stock | | | (549,402) | | | — |
| Proceeds from issuance of shares under stock award plan, net of cash taxes paid | | | 72 | | | 499 |
| Net cash provided by (used in) financing activities | | | (286,141) | | | (6,134) |
| (Decrease) increase in cash, cash equivalents, restricted cash and restricted cash equivalents | | | (195,263) | | | 104,843 |
| Cash and cash equivalents, beginning of period (including restricted cash and restricted cash equivalents of $14.8 million and $16.6 million, respectively) | | | 624,229 | | | 368,902 |
| Cash and cash equivalents, end of period (including restricted cash and restricted cash equivalents of $9.0 million and $11.3 million, respectively) | | $428,966 | | $473,745 | ||
| | | | | | | |
| Supplemental disclosure of cash flow information | | | | | | |
| Equipment (primarily aircraft) additions financed with the issuance of debt | | $44,724 | | $20,491 | ||
| Cash paid (received) during the period for: | | | | | | |
| Interest | | $228,885 | | $170,557 | ||
| Income taxes, net of refunds received | | $38,757 | | $119,582 | ||
GMR SOLUTIONS INC.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.