Aebi Schmidt Holding AG
For the period ended Sep 30, 2025. Filed Nov 13, 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.
Sep 30, 2025 · Filed Nov 13, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
Index
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
(In thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net income | $934 | $21,256 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 28,041 | 19,390 |
| Non-cash stock based compensation expense | 5,288 | — |
| Foreign exchange (gains) losses on debt | 3,332 | (1,058) |
| Non-cash financing costs | 4,366 | — |
| Changes in valuation of liability for employee share plan | (6,377) | — |
| Deferred taxes | (4,691) | (7,712) |
| Pension | (520) | (922) |
| Other, net | 122 | (41) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable and contract assets | (40,351) | 2,599 |
| Inventories | (43,555) | (28,420) |
| Accounts payable | 50,772 | 4,052 |
| Contract liabilities | (995) | 3,907 |
| Income tax payable and receivable | (2,189) | (9,790) |
| Accrued compensation and related taxes | 16,314 | (772) |
| Other current liabilities and accrued expenses | (26,599) | 13,042 |
| Other assets and liabilities | (8,444) | (710) |
| Net cash provided by (used in) operating activities | (24,552) | 14,821 |
| Cash flows from investing activities: | ||
| Purchases of property, plant and equipment | (10,427) | (9,275) |
| Purchases of intangible assets | (34) | (17) |
| Proceeds from sale of property, plant and equipment | 494 | 50 |
| Net cash acquired in the acquisition of a business | 19,905 | — |
| Net cash provided by (used in) investing activities | 9,938 | (9,242) |
| Cash flows from financing activities: | ||
| Proceeds on long-term debt | 612,000 | 15,594 |
| Payments on long-term debt | (514,000) | — |
| Deferred payments related to historical transactions | (5,694) | (7,962) |
| Payment of finance lease principal | (1,011) | (688) |
| Payments of dividends | (11,607) | (3,225) |
| Exercising and vesting of stock incentive awards | (1,966) | — |
| Net cash provided by financing activities | 77,722 | 3,719 |
| Effect of exchange rate changes on cash and cash equivalents | (2,310) | (87) |
| Net increase in cash and cash equivalents | 60,798 | 9,211 |
| Cash and cash equivalents at beginning of period | 65,173 | 42,698 |
Index
| Cash and cash equivalents at end of period | $125,971 | $51,909 |
|---|---|---|
| Supplemental disclosures of cash flow information | ||
| Cash paid during the period for: | ||
| Interest | 29,665 | 25,811 |
| Income taxes | 13,425 | 6,934 |
On July 1, 2025, the Company reclassified ESPP-related liabilities to equity under the plan. Immediately prior to the reclassification, the ESPP liability was revalued to $9,144 resulting in a gain of $6,377. The Company reclassified the $9,144 of ESPP-related liabilities to equity under the ESPP plan. This transaction did not involve cash and is a non-cash financing activity.
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