Stabilis Solutions Inc
For the period ended Dec 31, 2023. Filed Mar 7, 2024.
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FY2023 · Filed Mar 7, 2024
SLNG$3.81+4.4%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(in thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Cash flows from operating activities: | ||
| Net income (loss) from continuing operations | $125 | $(1,192) |
| Adjustments to reconcile net income (loss) from continuing operations to net cash provided by operating activities: | ||
| Depreciation | 7,878 | 8,664 |
| Stock-based compensation expense | 2,082 | 2,348 |
| Gain on disposal of assets | (1,223) | (34) |
| Income from equity investment in joint venture | (1,897) | (1,881) |
| Distributions from equity investment in joint venture | 1,225 | 1,550 |
| Cash settlements from natural gas derivatives, net | — | (1,037) |
| Realized and unrealized losses from natural gas derivatives, net | 572 | 465 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 4,019 | (7,013) |
| Inventories | 36 | 73 |
| Prepaid expenses and other current assets | 1,425 | 1,395 |
| Accounts payable and accrued liabilities | (7,717) | 10,554 |
| Other | 187 | (256) |
| Net cash provided by operating activities from continuing operations | 6,712 | 13,636 |
| Net cash provided by operating activities from discontinued operations | — | 1,061 |
| Net cash provided by operating activities | 6,712 | 14,697 |
| Cash flows from investing activities: | ||
| Acquisition of fixed assets | (10,252) | (3,932) |
| Proceeds from sale of fixed assets | 1,255 | 100 |
| Proceeds from sale of assets held for sale | — | 2,049 |
| Proceeds from sale of the Brazil operations | 87 | 200 |
| Net cash used in investing activities from continuing operations | (8,910) | (1,583) |
| Net cash used in investing activities from discontinued operations | — | (334) |
| Net cash used in investing activities | (8,910) | (1,917) |
| Cash flows from financing activities: | ||
| Proceeds received from borrowings on notes payable | — | 1,000 |
| Payments on notes payable | (1,179) | (1,800) |
| Payments on notes payable and finance leases from related parties | (2,435) | (1,255) |
| Payments of debt issuance costs | (108) | — |
| Employee tax payments from restricted stock withholdings | (162) | (85) |
| Net cash used in financing activities from continuing operations | (3,884) | (2,140) |
| Net cash used in financing activities from discontinued operations | — | (113) |
| Net cash used in financing activities | (3,884) | (2,253) |
| Effect of exchange rate changes on cash | 5 | 14 |
| Net increase (decrease) in cash and cash equivalents | (6,077) | 10,541 |
| Cash and cash equivalents, beginning of year | 11,451 | 910 |
| Cash and cash equivalents, end of year | $5,374 | $11,451 |
STABILIS SOLUTIONS, INC. AND SUBSIDIARIES
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.