Stabilis Solutions Inc
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
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FY2024 · Filed Feb 25, 2025
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, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income | $4,599 | $125 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation | 7,146 | 7,878 |
| Stock-based compensation expense | 1,166 | 2,082 |
| Bad debt expense | 102 | — |
| Gain on disposal of assets | (761) | (1,223) |
| Income from equity investment in joint venture | (1,770) | (1,897) |
| Distributions from equity investment in joint venture | 1,716 | 1,225 |
| Cash settlements from natural gas derivatives, net | (359) | — |
| Realized and unrealized losses from natural gas derivatives, net | 152 | 572 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 1,390 | 4,019 |
| Prepaid expenses and other current assets | 820 | 1,461 |
| Accounts payable and accrued liabilities | (678) | (7,717) |
| Other | 170 | 187 |
| Net cash provided by operating activities | 13,693 | 6,712 |
| Cash flows from investing activities: | ||
| Acquisition of fixed assets | (9,146) | (10,252) |
| Proceeds from sale of fixed assets | 841 | 1,255 |
| Proceeds from notes receivable, related to prior sale of Brazil | 185 | 87 |
| Net cash used in investing activities | (8,120) | (8,910) |
| Cash flows from financing activities: | ||
| Payments on short- and long-term notes payable and finance leases | (1,905) | (1,179) |
| Payments on notes payable from related parties | — | (2,435) |
| Payment of debt issuance costs | — | (108) |
| Employee tax payments from restricted stock withholdings | (9) | (162) |
| Net cash used in financing activities | (1,914) | (3,884) |
| Effect of exchange rate changes on cash | (46) | 5 |
| Net increase (decrease) in cash and cash equivalents | 3,613 | (6,077) |
| Cash and cash equivalents, beginning of year | 5,374 | 11,451 |
| Cash and cash equivalents, end of year | $8,987 | $5,374 |
STABILIS SOLUTIONS, INC. AND SUBSIDIARIES
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