Archrock Inc

For the period ended Dec 31, 2024. Filed Feb 25, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 25, 2025

AROC$27.88-3.8%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 8. Consolidated Statements of Cash Flows


· · Year Ended December 31,
· · 2024 · 2023 · 2022
Cash flows from operating activities: · · · · · ·
Net income	$172,231	$104,998	$44,296
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	193,194	166,241	164,259
Long-lived and other asset impairment	10,681	12,041	21,442
Non-cash restructuring charges	—	221	—
Unrealized change in fair value of investment in unconsolidated affiliate	1,484	973	1,864
Inventory write-downs	550	545	1,640
Amortization of operating lease right-of-use assets	3,852	3,319	3,206
Amortization of deferred financing costs	5,072	5,729	5,152
Amortization of debt premium	(2,006)	(2,006)	(2,006)
Amortization of capitalized implementation costs	3,009	2,624	1,984
Amortization of dedesignated interest rate swap	—	—	410
Interest rate swaps	—	—	631
Debt extinguishment loss	3,181	—	—
Stock-based compensation expense	14,646	12,998	11,928
Provision for credit losses	381	224	206
Gain on sale of assets, net	(17,887)	(10,199)	(12,396)
Gain on sale of business	—	—	(28,098)
Deferred income tax provision	58,090	35,658	15,229
Amortization of contract costs	23,877	21,289	19,162
Deferred revenue recognized in earnings	(15,001)	(16,464)	(20,956)
Changes in operating assets and liabilities:
Accounts receivable, net	524	(9,123)	(19,971)
Inventory	(1,920)	4,189	(10,520)
Other assets	(2,537)	(1,895)	(2,653)
Contract costs	(23,902)	(24,292)	(29,575)
Accounts payable and other liabilities	(15,850)	(12,166)	13,529
Deferred revenue	18,052	15,386	24,642
Other	(130)	(103)	45
Net cash provided by operating activities	429,591	310,187	203,450

Cash flows from investing activities:
Capital expenditures	(359,032)	(298,632)	(239,867)
Proceeds from sale of business	—	—	99,611
Proceeds from sale of property, equipment and other assets	67,591	72,206	20,654
Proceeds from insurance and other settlements	45	1,222	3,353
Cash paid in TOPS Acquisition, net of cash acquired	(866,170)	—	—
Investments in unconsolidated entities	(2,497)	(7,287)	(14,667)
Net cash used in investing activities	(1,160,063)	(232,491)	(130,916)

Cash flows from financing activities:
Borrowings of long-term debt	1,429,500	802,825	826,733
Repayments of long-term debt	(1,308,200)	(767,050)	(809,983)
Proceeds from 2032 Notes offering	700,000	—	—
Partial repayment of 2027 Notes	(201,987)	—	—
Payments of debt issuance costs	(12,338)	(6,031)	—
Payments for settlement of interest rate swaps that include financing elements	—	—	(1,334)
Dividends paid to stockholders	(110,374)	(95,796)	(90,315)
Repurchases of common stock	(13,337)	(8,860)	—
Taxes paid related to net share settlement of equity awards	(6,574)	(3,829)	(2,447)
Net proceeds from issuance of common stock	255,747	—	4,176
Proceeds from stock issued under ESPP	1,117	817	633
Net cash provided by (used in) financing activities	733,554	(77,924)	(72,537)
Net increase (decrease) in cash and cash equivalents	3,082	(228)	(3)
Cash and cash equivalents, beginning of period	1,338	1,566	1,569
Cash and cash equivalents, end of period	$4,420	$1,338	$1,566

Supplemental disclosure of cash flow information:
Interest paid	$120,544	$107,765	$98,406
Supplemental disclosure of non-cash investing transactions:
Accrued capital expenditures	$19,742	$25,689	$9,899
Issuance of Archrock common stock pursuant to TOPS Acquisition	139,054	—	—

ARCHROCK, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.