Tecnoglass Inc.
For the period ended Mar 31, 2026. Filed May 8, 2026.
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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, 2026 · Filed May 8, 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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Condensed Consolidated Statements of Cash Flows
(Amounts in thousands)
| Three months ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income | $31,891 | 42,189 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Allowance for credit losses | 1,088 | 215 |
| Depreciation and amortization | 10,678 | 7,339 |
| Deferred income taxes | (551) | 2,470 |
| Equity method income | (102) | (1,344) |
| Gain on disposal of assets | 481 | (4,273 |
| Deferred cost of financing | 152 | 283 |
| Realized gain on derivative instruments | (531) | - |
| Unrealized currency translation gains | (6,072) | (6,314) |
| Other non-cash adjustments | (72) | 223 |
| Changes in operating assets and liabilities: | ||
| Trade accounts receivable | (16,469) | (18,993 |
| Inventories | (34,279) | (8,678 |
| Prepaid expenses | (444) | 86) |
| Other assets | (4,076) | (14,880) |
| Trade accounts payable and accrued expenses | 13,467 | 11,659) |
| Taxes payable | 16,873 | 15,653 |
| Labor liabilities | (2,178) | (1,291) |
| Other liabilities | 126 | (114 |
| Contract assets and liabilities | (1,745) | 23,132) |
| Related parties | (1,522) | (464 |
| CASH PROVIDED BY OPERATING ACTIVITIES | $6,715 | 46,898 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Purchase of investments | (600) | (74) |
| Sale of property and equipment | - | 12,308 |
| Acquisition of property and equipment | (17,264) | (30,424) |
| CASH USED IN INVESTING ACTIVITIES | $(17,864) | (18,190) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Cash dividend | (6,710) | (7,048) |
| Share repurchases | (16,461) | (124) |
| Proceeds from debt | 39,352 | 3,615 |
| Repayments of debt | (15,330) | (3,880) |
| CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | $851 | (7,437) |
| Effect of exchange rate changes on cash and cash equivalents | $513 | 1,149) |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | (9,785) | 22,420 |
| CASH AND CASH EQUIVALENTS - Beginning of period | 100,901 | 134,882 |
| CASH AND CASH EQUIVALENTS - End of period | $91,116 | 157,302 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | ||
| Cash paid during the period for: | ||
| Interest | $2,163 | 1,702 |
| Income Tax | $12,830 | 11,758 |
| NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||
| Assets acquired under credit or debt | $7,864 | 11,063 |
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