Stabilis Solutions Inc
For the period ended Mar 31, 2024. Filed May 7, 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 7, 2024
SLNG$3.81+4.4%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
(Unaudited, in thousands)
| Three Months Ended | ||
|---|---|---|
| March 31, | ||
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income from operations | $1,469 | $1,084 |
| Adjustments to reconcile net income from operations to net cash provided by operating activities: | ||
| Depreciation | 1,800 | 2,011 |
| Stock-based compensation expense | 383 | 589 |
| Bad debt expense | 168 | — |
| Gain from disposal of assets | (127) | — |
| Income from equity investment in joint venture | (247) | (393) |
| Realized and unrealized losses on natural gas derivatives, net | — | 421 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 1,964 | 2,044 |
| Prepaid expenses and other current assets | 235 | 507 |
| Accounts payable and accrued liabilities | (1,812) | (6,361) |
| Other | 96 | 191 |
| Net cash provided by operating activities | 3,929 | 93 |
| Cash flows from investing activities: | ||
| Acquisition of fixed assets | (873) | (3,727) |
| Proceeds from sale of assets | 207 | — |
| Net cash used in investing activities | (666) | (3,727) |
| Cash flows from financing activities: | ||
| Payments on short- and long-term notes payable | (346) | (365) |
| Payments on notes payable from related parties | — | (596) |
| Employee tax payments from restricted stock withholdings | (9) | — |
| Net cash used in financing activities | (355) | (961) |
| Effect of exchange rate changes on cash | 4 | 5 |
| Net increase (decrease) in cash and cash equivalents | 2,912 | (4,590) |
| Cash and cash equivalents, beginning of period | 5,374 | 11,451 |
| Cash and cash equivalents, end of period | $8,286 | $6,861 |
The accompanying notes are an integral part of the Condensed Consolidated Financial Statements
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