Compass Diversified Holdings
For the period ended Sep 30, 2026. Filed Nov 4, 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, 2026 · Filed Nov 4, 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, | ||
| (in thousands) | 2026 | 2025 |
| Cash flows from operating activities: | ||
| Net income (loss) | $76,308 | $(214,925) |
| Gain on sale of discontinued operations | 2,072 | 2,326 |
| Income (loss) from continuing operations | 74,236 | (217,251) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||
| Depreciation expense | 32,557 | 34,247 |
| Amortization expense - intangibles | 68,182 | 69,722 |
| Amortization of debt issuance costs | 5,805 | 2,922 |
| Decrease in fair value of bankruptcy related financial asset | 57,697 | — |
| Paid-in-kind interest | — | 22,750 |
| Loss on debt modification | 1,038 | 2,827 |
| Impairment expense | 20,500 | 31,515 |
| Noncontrolling stockholder stock based compensation | 8,680 | 12,274 |
| Provision for receivable and inventory reserves | (5,767) | 373 |
| Deferred income taxes | (4,994) | (1,480) |
| Gain on sale of product division | (178,004) | — |
| Gain on sale-leaseback | (10,234) | — |
| Other | 2,243 | 814 |
| Changes in operating assets and liabilities, net of acquisitions: | ||
| Accounts receivable | (13,257) | (21,594) |
| Inventories | 19,116 | (30,867) |
| Other current and non-current assets | 5,151 | 4,962 |
| Accounts payable and accrued expenses | 22,219 | 34,952 |
| Cash provided by (used in) operating activities | 105,168 | (53,834) |
| Cash flows from investing activities: | ||
| Acquisitions, net of cash acquired | — | 495 |
| Purchases of property and equipment | (17,971) | (34,176) |
| Proceeds from sale of businesses | 288,991 | 2,326 |
| Proceeds from bankruptcy distribution | 29,803 | — |
| Other investing activities | 9,812 | (1,729) |
| Cash provided by (used in) investing activities | 310,635 | (33,084) |
| COMPASS DIVERSIFIED HOLDINGS | ||
|---|---|---|
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | ||
| (Unaudited) | ||
| Nine months ended September 30, | ||
| (in thousands) | 2026 | 2025 |
| Cash flows from financing activities: | ||
| Proceeds and expenses from issuance of Trust common shares, net | — | (59) |
| Proceeds and expenses from issuance of Trust preferred shares, net | — | 58,998 |
| Borrowings - revolving credit facility | 94,000 | 98,000 |
| Repayments - revolving credit facility | (94,000) | (202,000) |
| Borrowings - term loan | — | 200,000 |
| Repayments - term loan | (292,750) | — |
| Scheduled principal payments - term loan | (26,250) | (15,000) |
| Subsidiary financing arrangements - borrowings | — | 26,982 |
| Subsidiary financing arrangements - repayments | — | (8,360) |
| Distributions paid - common shares | — | (37,618) |
| Distributions paid - preferred shares | (29,143) | (27,863) |
| Net proceeds provided by noncontrolling shareholders | 5,682 | 1,980 |
| Purchase of noncontrolling interest | (11,048) | (7,249) |
| Debt issuance costs | (1,650) | (1,722) |
| Other | (36) | (34) |
| Net cash provided by (used in) financing activities | (355,195) | 86,055 |
| Foreign currency impact on cash | (1,456) | 2,343 |
| Net increase in cash and cash equivalents | 59,152 | 1,480 |
| Cash and cash equivalents — beginning of period | 68,015 | 59,659 |
| Cash and cash equivalents — end of period | $127,167 | $61,139 |
| Supplemental Disclosure of Non-Cash Investing and Financing Activities | ||
| Non-cash Investing activities (1) | $9,500 | $— |
| Non-cash financing activities (2) | $— | $4,534 |
(1)During the three months ended September 30, 2026, the Company exchanged its $9.5 million remaining receivable arising from the CODI Secured Claim for the Special Beneficial Interest in the Lugano Liquidation Trust. The exchange did not involve cash and is presented as a noncash investing activity.
(2) Represents the non-cash settlement of subsidiary financing arrangements.
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