Calumet, Inc. /DE
For the period ended Mar 31, 2025. Filed May 12, 2025.
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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, 2025 · Filed May 12, 2025
CLMT$34.91-3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Consolidated Statements of Cash Flows
| | | | | | | | |
|---|---|---|---|---|---|---|---|
| · · Three Months Ended March 31, · | |||||||
| · 2025 · 2024 | |||||||
| · · (In millions) · | |||||||
| Operating activities · · · · · · | |||||||
| Net loss | | $(162.0) | | $(41.6) | | ||
| Non-cash RINs (gain) expense | | 117.2 | | (64.6) | | ||
| Unrealized (gain) loss on derivative instruments | | (5.4) | | 17.5 | | ||
| Other non-cash activities | | (19.9) | | 47.8 | | ||
| Changes in assets and liabilities | | | (40.5) | | | (53.1) | |
| Net cash used in operating activities | | (110.6) | | (94.0) | | ||
| Investing activities | | | | ||||
| Additions to property, plant and equipment | | (17.6) | | (20.0) | | ||
| Proceeds from sale of business | | | 95.4 | | | — | |
| Net cash provided by (used in) investing activities | | 77.8 | | (20.0) | | ||
| Financing activities | | | | ||||
| Proceeds from borrowings — revolving credit facility | | 838.2 | | 596.8 | | ||
| Repayments of borrowings — revolving credit facility | | (1,071.2) | | (423.7) | | ||
| Proceeds from borrowings — MRL revolving credit agreement | | | 26.6 | | | 32.0 | |
| Repayments of borrowings — MRL revolving credit agreement | | | (26.6) | | | (22.3) | |
| Proceeds from borrowings — senior notes | | 100.0 | | 200.0 | | ||
| Repayments of borrowings — senior notes | | — | | (179.0) | | ||
| Proceeds from inventory financing | | 108.4 | | 280.7 | | ||
| Payments on inventory financing | | (126.6) | | (336.8) | | ||
| Proceeds from DOE Loan | | 781.8 | | — | | ||
| Proceeds from other financing obligations | | 40.0 | | — | | ||
| Repayments of borrowings - MRL Asset Financing Arrangements | | (368.0) | | — | | ||
| Repayments of borrowings - MRL Term Loan Credit Agreement | | (73.7) | | — | | ||
| Payments on other financing obligations | | (38.6) | | (17.0) | | ||
| Net cash provided by financing activities | | 190.3 | | 130.7 | | ||
| Net increase in cash, cash equivalents and restricted cash | | 157.5 | | 16.7 | | ||
| Cash, cash equivalents and restricted cash at beginning of period | | 45.9 | | 14.7 | | ||
| Cash, cash equivalents and restricted cash at end of period | | $203.4 | | $31.4 | | ||
| Cash and cash equivalents | | $123.4 | | $23.9 | | ||
| Restricted cash | | $80.0 | | $7.5 | | ||
| Supplemental disclosure of non-cash investing activities | | | | ||||
| Non-cash property, plant and equipment additions | | $27.0 | | $25.2 | | ||
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