Tecnoglass Holdings Inc.
For the period ended Sep 30, 2026. Filed Nov 9, 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.
Sep 30, 2026 · Filed Nov 9, 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)
| Nine months ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income | $73,154 | 133,460 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Allowance for credit losses | 1,830 | 1,696 |
| Depreciation and amortization | 33,205 | 26,441 |
| Deferred income taxes | 4,692 | 4,576 |
| Equity method loss (income) | 266 | (2,805) |
| Loss (gain) on disposal of assets | 536 | (4,226) |
| Deferred cost of financing | 485 | 784 |
| Realized loss (gain) on derivative instruments | 1,903 | (2,045) |
| Change in value of derivative liability | 2,731 | - |
| Unrealized currency translation gains | (32,480) | (18,264) |
| Other non-cash adjustments | 150 | 410 |
| Loss on extinguishment of debt | - | 1,302 |
| Changes in operating assets and liabilities: | ||
| Trade accounts receivable | (20,713) | (33,029) |
| Inventories | (32,434) | (33,903) |
| Prepaid expenses | (2,500) | (2,993) |
| Other assets | 20,795 | (2,771) |
| Trade accounts payable and accrued expenses | 31,854 | 15,235 |
| Taxes payable | (40,430) | (7,800) |
| Labor liabilities | 2,592 | 3,815 |
| Other liabilities | 144 | 65 |
| Contract assets and liabilities | (11,891) | 26,766 |
| Related parties | (1,253) | (1,968) |
| CASH PROVIDED BY OPERATING ACTIVITIES | $32,636 | 104,746 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Dividends received | 2,257 | 8,914 |
| Business acquisition | - | (6,841) |
| Purchase of investments | (600) | (675) |
| Sale of property and equipment | - | 12,312 |
| Acquisition of property and equipment | (118,724) | (81,695) |
| CASH USED IN INVESTING ACTIVITIES | $(117,067) | (67,985) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Cash dividend | (20,019) | (21,143) |
| Deferred financing costs and debt issuance fees | - | (1,000) |
| Share repurchases | (16,475) | (30,327) |
| Proceeds from debt | 131,031 | 116,018 |
| Repayments of debt | (16,023) | (114,115) |
| CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | $78,514 | (50,567) |
| Effect of exchange rate changes on cash and cash equivalents | $2,699 | 2,915 |
| NET DECREASE IN CASH AND CASH EQUIVALENTS | (3,218) | (10,891) |
| CASH AND CASH EQUIVALENTS - Beginning of period | 100,901 | 134,882 |
| CASH AND CASH EQUIVALENTS - End of period | $97,683 | 123,991 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | ||
| Cash paid during the period for: | ||
| Interest | $7,574 | $5,091 |
| Income Tax | $66,143 | $59,076 |
| NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||
| Assets acquired under credit or debt | $11,358 | $4,687 |
| Account payable for business acquisition | $3,588 | $3,588 |
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