Compass Diversified Holdings
For the period ended Sep 30, 2025. Filed Jan 14, 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.
Sep 30, 2025 · Filed Jan 14, 2026
CODI$11.93+0.6%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
| COMPASS DIVERSIFIED HOLDINGS | ||
|---|---|---|
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | ||
| (Unaudited) | ||
| Nine months ended September 30, | ||
| 2025 | 2024 | |
| (in thousands) · (As Restated) | ||
| Cash flows from operating activities: | ||
| Net loss | $(214,925) | $(253,904) |
| Income from discontinued operations | — | 101 |
| Gain on sale of discontinued operations | 2,326 | 3,345 |
| Loss from continuing operations | (217,251) | (257,350) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
| Depreciation expense | 34,247 | 31,249 |
| Amortization expense - intangibles | 69,722 | 71,317 |
| Amortization expense - inventory step-up | — | 3,689 |
| Amortization of debt issuance costs | 2,922 | 3,014 |
| Loss on debt modification | 2,827 | — |
| Impairment expense | 31,515 | 8,182 |
| Paid-in-kind interest | 22,750 | — |
| Loss on sale of Crosman | — | 24,218 |
| Noncontrolling stockholder stock based compensation | 12,274 | 12,288 |
| Provision for receivable and inventory reserves | 373 | (5,461) |
| Deferred income taxes | (1,480) | (3,234) |
| Other | 814 | (596) |
| Changes in operating assets and liabilities, net of acquisitions: | ||
| Accounts receivable | (21,594) | (35,786) |
| Inventories | (30,867) | (40,458) |
| Other current and non-current assets | 4,962 | 3,724 |
| Accounts payable and accrued expenses | 34,952 | 40,861 |
| Cash used in operating activities - continuing operations | (53,834) | (144,343) |
| Cash provided by operating activities - discontinued operations | — | 9,363 |
| Cash used in operating activities | (53,834) | (134,980) |
| Cash flows from investing activities: | ||
| Acquisitions, net of cash acquired | 495 | (380,049) |
| Purchases of property and equipment | (34,176) | (33,843) |
| Proceeds from sale of businesses | 2,326 | 65,216 |
| Other investing activities | (1,729) | (2,763) |
| Cash used in investing activities - continuing operations | (33,084) | (351,439) |
| Cash used in investing activities - discontinued operations | — | (812) |
| Cash used in investing activities | (33,084) | (352,251) |
| COMPASS DIVERSIFIED HOLDINGS | ||
|---|---|---|
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | ||
| (Unaudited) | ||
| Nine months ended September 30, | ||
| 2025 | 2024 | |
| (in thousands) · (As Restated) | ||
| Cash flows from financing activities: | ||
| Proceeds and expenses from issuance of Trust common shares, net | (59) | 8,045 |
| Proceeds and expenses from issuance of Trust preferred shares, net | 58,998 | 26,944 |
| Borrowings - revolving credit facility | 98,000 | 349,000 |
| Repayments - revolving credit facility | (202,000) | (239,000) |
| Borrowings - term loan | 200,000 | — |
| Principal payments - term loan | (15,000) | (7,500) |
| Subsidiary financing arrangements - borrowings | 26,982 | 119,062 |
| Subsidiary financing arrangements - repayments | (8,360) | (61,692) |
| Distributions paid - common shares | (37,618) | (56,577) |
| Distributions paid - preferred shares | (27,863) | (18,491) |
| Distributions paid - allocation interests | — | (48,941) |
| Net proceeds provided by noncontrolling shareholders | 1,980 | 55 |
| Net proceeds provided by noncontrolling shareholders - acquisitions | — | 41,674 |
| Purchase of noncontrolling interest | (7,249) | (4,327) |
| Debt issuance costs | (1,722) | — |
| Other | (34) | — |
| Net cash provided by financing activities | 86,055 | 108,252 |
| Foreign currency impact on cash | 2,343 | 449 |
| Net (decrease) increase in cash and cash equivalents | 1,480 | (378,530) |
| Cash and cash equivalents — beginning of period (1) | 59,659 | 450,409 |
| Cash and cash equivalents — end of period (2) | $61,139 | $71,879 |
| Supplemental Cash Flow Disclosure: | ||
| Non-cash financing activities (3) | $4,534 | $3,590 |
(1) Includes cash from discontinued operations of $3.8 million at January 1, 2024.
(2) Includes cash from discontinued operations of $6.9 million at September 30, 2024.
(3)Represents the non-cash settlement of subsidiary financing arrangements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.