Archrock, Inc.
For the period ended Sep 30, 2026. Filed Nov 3, 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 3, 2026
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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Condensed Consolidated Statements of Cash Flows
(in thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Nine Months Ended | ||||||
| · · September 30, | ||||||
| · · 2026 · · 2025 | ||||||
| Cash flows from operating activities: | | | | | | |
| Net income | | $224,980 | | $205,518 | ||
| Adjustments to reconcile net income to net cash provided by operating activities: | | | | | ||
| Depreciation and amortization | | 213,160 | | 187,889 | ||
| Long-lived and other asset impairment | | 13,357 | | 16,495 | ||
| Non-cash restructuring charges | | | — | | | 251 |
| Equity in net loss of unconsolidated affiliate | | | 1,353 | | | 483 |
| Inventory write-downs | | 229 | | 792 | ||
| Amortization of operating lease right-of-use assets | | | 3,551 | | | 3,469 |
| Amortization of deferred financing costs | | | 4,578 | | | 4,772 |
| Amortization of debt premium | | | (501) | | | (1,504) |
| Amortization of capitalized implementation costs | | | 3,076 | | | 2,431 |
| Debt extinguishment gain | | | (687) | | | — |
| Stock-based compensation expense | | 18,452 | | 14,356 | ||
| (Benefit from) provision for credit losses | | (195) | | 524 | ||
| Gain on sale of assets, net | | (12,559) | | (15,467) | ||
| Deferred income tax provision | | 73,164 | | 67,350 | ||
| Amortization of contract costs | | | 14,593 | | | 17,053 |
| Deferred revenue recognized in earnings | | | (17,815) | | | (14,596) |
| Changes in operating assets and liabilities: | | | | | ||
| Accounts receivable, net | | | (35,521) | | | (46,064) |
| Inventory | | | (10,096) | | | (11,823) |
| Other assets | | | 10,209 | | | (18,391) |
| Contract costs | | | (16,189) | | | (19,046) |
| Accounts payable and other liabilities | | | (367) | | | (4,600) |
| Deferred revenue | | | 18,581 | | | 17,700 |
| Other | | | 106 | | | 37 |
| Net cash provided by operating activities | | 505,459 | | 407,629 | ||
| | | | | | | |
| Cash flows from investing activities: | | | | | ||
| Capital expenditures | | (329,355) | | (414,667) | ||
| Proceeds from sale of business | | | — | | | 71,000 |
| Proceeds from sale of property, equipment and other assets | | 36,517 | | 42,556 | ||
| Proceeds from insurance and other settlements | | | 155 | | | 3,811 |
| Cash paid in NGCS Acquisition, net of cash acquired | | | — | | | (294,613) |
| Investments in unconsolidated affiliates and other strategic investments | | | (4,277) | | | (471) |
| Net cash used in investing activities | | (296,960) | | (592,384) | ||
| | | | | | | |
| Cash flows from financing activities: | | | | | ||
| Borrowings of long-term debt | | 1,874,025 | | 1,495,701 | ||
| Repayments of long-term debt | | (1,932,200) | | (1,135,301) | ||
| Redemption of 2028 Notes | | | (800,000) | | | — |
| Proceeds from 2034 Notes offering | | | 800,000 | | | — |
| Payments of debt issuance costs | | (10,686) | | (1,890) | ||
| Dividends paid to stockholders | | (119,094) | | (104,726) | ||
| Repurchases of common stock | | | (4,422) | | | (54,416) |
| Taxes paid related to net share settlement of equity awards | | | (15,114) | | | (14,996) |
| Proceeds from stock issued under ESPP | | | 1,586 | | | 1,169 |
| Contribution to Enerflex | | — | | (1,123) | ||
| Net cash (used in) provided by financing activities | | (205,905) | | 184,418 | ||
| Net increase (decrease) in cash and cash equivalents | | 2,594 | | (337) | ||
| Cash and cash equivalents, beginning of period | | 1,553 | | 4,420 | ||
| Cash and cash equivalents, end of period | | $4,147 | | $4,083 | ||
| Supplemental disclosure of non-cash investing transactions: | | | | | | |
| Issuance of Archrock common stock pursuant to NGCS Acquisition | | $— | | $52,966 | ||
Notes to Condensed Consolidated Financial Statements
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