DNOW Inc.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
DNOW$13.73-1.5%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
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 (Revised) | 2023 (Revised) | |
| Cash flows from operating activities: | |||
| Net (loss) income | $(88) | $79 | $251 |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities | |||
| Depreciation and amortization | 52 | 34 | 26 |
| Increase (decrease) in LIFO reserve | 27 | 4 | (4) |
| Impairment and other charges | 12 | 6 | — |
| Stock-based compensation | 29 | 13 | 15 |
| Deferred income taxes | (16) | 24 | (118) |
| Operating lease expense | 24 | 18 | 17 |
| Other, net | — | 1 | 10 |
| Change in operating assets and liabilities, net of effects of acquisitions and divestitures: | |||
| Receivables | 40 | 81 | 16 |
| Inventories | 107 | 80 | 12 |
| Prepaid and other current assets | 20 | (8) | 7 |
| Accounts payable | (37) | (15) | (20) |
| Accrued liabilities and other, net | (15) | (19) | (24) |
| Net cash provided by operating activities | 155 | 298 | 188 |
| Cash flows from investing activities: | |||
| Business acquisitions, net of cash acquired | (574) | (299) | (32) |
| Purchases of property, plant and equipment | (21) | (9) | (17) |
| Other, net | 5 | 4 | 1 |
| Net cash used in investing activities | (590) | (304) | (48) |
| Cash flows from financing activities: | |||
| Borrowings under the revolving credit facility | 643 | — | — |
| Repayments under the revolving credit facility | (232) | — | — |
| Repurchases of common stock | (37) | (23) | (50) |
| Shares withheld for taxes | (19) | (4) | (1) |
| Other, net | (16) | (6) | (4) |
| Net cash provided by (used in) financing activities | 339 | (33) | (55) |
| Effect of exchange rates on cash and cash equivalents | 4 | (4) | 2 |
| Net change in cash and cash equivalents | (92) | (43) | 87 |
| Cash and cash equivalents, beginning of period | 256 | 299 | 212 |
| Cash and cash equivalents, end of period | $164 | $256 | $299 |
| Supplemental disclosures of cash flow information: | |||
| Income taxes paid, net | $3 | $6 | $10 |
| Interest paid | 4 | — | — |
| Non-cash investing and financing activities: | |||
| Accrued purchases of property, plant and equipment | $5 | $1 | $1 |
| Common stock issued in connection with acquisition of MRC Global | 1,197 | — | — |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.