FutureFuel Corp
For the period ended Dec 31, 2023. Filed Mar 14, 2024.
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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.
FY2023 · Filed Mar 14, 2024
FF$3.12-38.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| 2023 · 2022 · 2021 | |||||
|---|---|---|---|---|---|
| Cash flows from operating activities | |||||
| Net income | $37,382 | $15,211 | $26,255 | ||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||
| Depreciation | 10,348 | 10,454 | 10,452 | ||
| Amortization of deferred financing costs | 101 | 95 | 95 | ||
| Benefit for deferred income taxes | - | (1,822) | (10,454) | ||
| Change in fair value of equity securities | (3,117) | 8,297 | 904 | ||
| Change in fair value of derivative instruments | (1,878) | (343) | 609 | ||
| Loss (gain) on the sale of investments | 2,543 | 248 | (834) | ||
| Stock based compensation | - | 46 | - | ||
| Loss on disposal of property, plant, and equipment | 29 | 64 | 11 | ||
| Impairment of intangible asset | - | - | 1,315 | ||
| Noncash interest expense | 34 | 33 | 32 | ||
| Changes in operating assets and liabilities: | |||||
| Accounts receivable | (2,208) | 3,118 | (7,929) | ||
| Accounts receivable – related parties | 5 | 52 | 1,368 | ||
| Inventory | (6,217) | 162 | 6,969 | ||
| Income tax receivable | 19 | 7,801 | 7,908 | ||
| Prepaid expenses | (652) | (106) | 379 | ||
| Prepaid expenses – related party | - | (8) | (4) | ||
| Other assets | 3,523 | 799 | 732 | ||
| Accounts payable | (6,493) | 13,790 | 2,095 | ||
| Accounts payable – related parties | (7,757) | (112) | 6,927 | ||
| Accrued expenses and other current liabilities | (719) | (948) | 870 | ||
| Accrued expenses and other current liabilities – related parties | (1) | - | 1 | ||
| Deferred revenue | (2,418) | (4,055) | (2,931) | ||
| Other noncurrent liabilities | 1,461 | (325) | (686) | ||
| Net cash provided by operating activities | 23,985 | 52,451 | 44,084 | ||
| Cash flows from investing activities | |||||
| Collateralization of derivative instruments | (1,343) | (404) | (750) | ||
| Purchase of marketable securities | - | - | (23,546) | ||
| Proceeds from the sale of marketable securities | 37,701 | 1,292 | 40,652 | ||
| Proceeds from the sale of property, plant, and equipment | - | 61 | - | ||
| Proceeds from the sale of intangible assets | - | - | 93 | ||
| Capital expenditures | (6,022) | (4,778) | (1,456) | ||
| Net cash provided by (used in) investing activities | 30,336 | (3,829) | 14,993 | ||
| Cash flows from financing activities | |||||
| Minimum tax withholding on stock options exercised | - | - | (3) | ||
| Deferred financing costs | (14) | - | - | ||
| Proceeds from the issuance of stock | - | - | 231 | ||
| Payment of dividends | (10,503) | (10,503) | (119,906) | ||
| Net cash used in financing activities | (10,517) | (10,503) | (119,678) | ||
| Net change in cash and cash equivalents | 43,804 | 38,119 | (60,601) | ||
| Cash and cash equivalents at beginning of period | 175,640 | 137,521 | 198,122 | ||
| Cash and cash equivalents at end of period | $219,444 | $175,640 | $137,521 | ||
| Cash paid for interest | $ | - | $3 | $47 | |
| Cash paid for income taxes | $20 | $69 | $83 | ||
| Noncash investing and financing activities: | |||||
| Noncash capital expenditures included in accounts payable | $333 | $208 | $364 | ||
| Noncash operating leases | $ | - | $707 | $269 | |
| Dividends payable | $10,503 | $10,503 | $ | - | |
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