Tecnoglass Inc.
For the period ended Dec 31, 2025. Filed Mar 2, 2026.
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FY2025 · Filed Mar 2, 2026
TGLS$45.45-3.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated statements of Cash Flows
(In thousands)
| Year ended December 31, | |||||
|---|---|---|---|---|---|
| 2025 · 2024 · 2023 | |||||
| CASH FLOWS FROM OPERATING ACTIVITIES | |||||
| Net income | $159,566 | $161,309 | $183,510 | ||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||
| Provision for bad debts | 2,606 | 857 | 2,809 | ||
| Provision for obsolete inventory | 116 | 98 | 67 | ||
| Depreciation and amortization | 36,765 | 26,470 | 21,878 | ||
| Deferred income taxes | 7,623 | (1,870) | 8,345 | ||
| Equity method income | (2,493) | (5,397) | (5,013) | ||
| Gain on disposal of assets | (4,078) | ||||
| Deferred cost of financing | 935 | 1,214 | 1,243 | ||
| Other non-cash adjustments | 338 | 34 | 120 | ||
| Loss on debt extinguishment | 1,327 | - | - | ||
| Realized gain on derivative instruments | (2,070) | - | - | ||
| Unrealized currency translation losses | (22,505) | 11,984 | (25,854) | ||
| Changes in operating assets and liabilities: | |||||
| Trade accounts receivable | (25,348) | (44,388) | (780) | ||
| Inventories | (45,083) | (2,880) | (522) | ||
| Prepaid expenses | (4,223) | (4,017) | (2,849) | ||
| Other assets | (5,877) | (2,996) | (27,547) | ||
| Other liabilities | (92) | 94 | (62) | ||
| Trade accounts payable and accrued expenses | 8,124 | 14,661 | (17,429) | ||
| Taxes payable | (3,805) | (4,344) | (12,851) | ||
| Labor liabilities | 1,884 | 1,090 | 1,109 | ||
| Contract assets and liabilities | 31,362 | 14,322 | 13,871 | ||
| Related parties | 683 | 4,291 | (1,218) | ||
| CASH PROVIDED BY OPERATING ACTIVITIES | $135,755 | $170,532 | $138,827 | ||
| CASH FLOWS FROM INVESTING ACTIVITIES | |||||
| Business acquisition | (6,841) | - | - | ||
| Sale of property and equipment | 12,312 | - | - | ||
| Dividends received | 8,914 | 2,703 | 2,282 | ||
| Purchase of investments | (677) | (429) | (339) | ||
| Acquisition of property and equipment | (101,262) | (79,563) | (77,960) | ||
| CASH USED IN INVESTING ACTIVITIES | $(87,554) | $(77,289) | $(76,017) | ||
| CASH FLOWS FROM FINANCING ACTIVITIES | |||||
| Cash dividend | (28,127) | (19,743) | (16,427) | ||
| Share Repurchases | (117,954) | (291) | (23,537) | ||
| Deferred financing costs and debt issuance fees | (1,045) | - | - | ||
| Non controlling interest purchase | - | (2,500) | (3,000) | ||
| Proceeds from debt | 175,965 | 2,532 | 196 | ||
| Repayments of debt | (114,365) | (64,547) | - | ||
| CASH USED IN FINANCING ACTIVITIES | $(85,526) | $(84,549) | $(42,768) | ||
| Effect of exchange rate changes on cash and cash equivalents | $3,344 | $(3,320) | $5,795 | ||
| NET (DECREASE) INCREASE IN CASH | (33,981) | 5,374 | 25,837 | ||
| CASH – Beginning of period | 134,882 | 129,508 | 103,671 | ||
| CASH – End of period | $100,901 | $134,882 | $129,508 | ||
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | |||||
| Cash paid during the period for: | |||||
| Interest | $6,603 | $9,977 | $11,624 | ||
| Income Tax | $76,110 | $86,602 | $107,150 | ||
| NON-CASH INVESTING AND FINANCING ACTIVITIES: | |||||
| Assets acquired under credit or debt | $8,988 | $6,410 | $9,311 | ||
| Unpaid portion of non-controlling interest purchase | $ | - | $ | - | $2,500 |
| Account payable for business acquisition | 3,588 | - | - | ||
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