Mistras Group Inc
For the period ended Mar 31, 2024. Filed May 3, 2024.
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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.
Mar 31, 2024 · Filed May 3, 2024
MG$20.17-0.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Cash Flows for the
Unaudited Condensed Consolidated Statements of Cash Flows
(In Thousands)
| Three months ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net income (loss) | $1,004 | $(4,978) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities | ||
| Depreciation and amortization | 8,381 | 8,413 |
| Deferred income taxes | (144) | 1,801 |
| Share-based compensation expense | 1,228 | 1,877 |
| Bad debt provision for troubled customers, net of recoveries | 227 | (30) |
| Foreign currency (gain) loss | (561) | 219 |
| Other | 15 | (315) |
| Changes in operating assets and liabilities, net of effect of acquisitions and dispositions | ||
| Accounts receivable | (8,696) | 3,777 |
| Inventories | (23) | (1,137) |
| Prepaid expenses and other assets | (6,593) | (4,234) |
| Accounts payable | (1,219) | 992 |
| Accrued expenses and other liabilities | 6,905 | (766) |
| Income taxes payable | 80 | (248) |
| Payment of contingent consideration liability in excess of acquisition-date fair value | — | (938) |
| Net cash provided by operating activities | 604 | 4,433 |
| Cash flows from investing activities | ||
| Purchase of property, plant and equipment | (4,804) | (4,332) |
| Purchase of intangible assets | (1,117) | (361) |
| Proceeds from sale of equipment | 273 | 233 |
| Net cash used in investing activities | (5,648) | (4,460) |
| Cash flows from financing activities | ||
| Repayment of finance lease obligations | (1,409) | (1,174) |
| Repayment of long-term debt | (1,907) | (1,904) |
| Proceeds from revolver | 15,000 | 27,000 |
| Repayment of revolver | (5,000) | (27,100) |
| Taxes paid related to net share settlement of share-based awards | (1,557) | (773) |
| Net cash provided by (used in) financing activities | 5,127 | (3,951) |
| Effect of exchange rate changes on cash and cash equivalents | (874) | 207 |
| Net change in cash and cash equivalents | (791) | (3,771) |
| Cash and cash equivalents at beginning of period | 17,646 | 20,488 |
| Cash and cash equivalents at end of period | $16,855 | $16,717 |
| Supplemental disclosure of cash paid | ||
| Interest, net | $4,029 | $5,112 |
| Income taxes, net of refunds | $756 | $1,949 |
| Noncash investing and financing | ||
| Equipment acquired through finance lease obligations | $1,165 | $2,800 |
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