Ranger Energy Services Inc
For the period ended Dec 31, 2024. Filed Mar 4, 2025.
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FY2024 · Filed Mar 4, 2025
RNGR$11.25-9.8%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 millions)
| Years Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash Flows from Operating Activities | ||
| Net income | $18.4 | $23.8 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 44.1 | 39.9 |
| Equity based compensation | 5.8 | 4.8 |
| Gain on disposal of property and equipment | (2.2) | (1.8) |
| Impairment of fixed assets | — | 0.4 |
| Deferred income tax expense | 6.9 | 6.6 |
| Loss on debt retirement | — | 2.4 |
| Other expense, net | 1.3 | 2.3 |
| Changes in operating assets and liabilities | ||
| Accounts receivable | 16.7 | 5.3 |
| Contract assets | 1.0 | 9.2 |
| Inventory | 0.4 | (0.9) |
| Prepaid expenses and other current assets | (1.8) | (0.4) |
| Other assets | 2.1 | 2.1 |
| Accounts payable | (3.7) | 6.6 |
| Accrued expenses | (2.4) | (7.2) |
| Other current liabilities | (2.6) | 0.3 |
| Other long-term liabilities | 0.5 | (2.6) |
| Net cash provided by operating activities | 84.5 | 90.8 |
| Cash Flows from Investing Activities | ||
| Purchase of property and equipment | (34.1) | (36.5) |
| Proceeds from disposal of property and equipment | 3.0 | 6.8 |
| Net cash used in investing activities | (31.1) | (29.7) |
| Cash Flows from Financing Activities | ||
| Borrowings under Revolving Credit Facility | 27.3 | 325.2 |
| Principal payments on Revolving Credit Facility | (27.3) | (327.7) |
| Principal payments on Eclipse M&E Term Loan Facility | — | (10.4) |
| Principal payments on Secured Promissory Note | — | (6.2) |
| Payments on Other Installment Purchases | (0.1) | (0.4) |
| Principal payments on financing lease obligations | (5.7) | (5.4) |
| Principal payments on other financing liabilities | (0.6) | (0.8) |
| Shares withheld for equity compensation | (1.8) | (1.0) |
| Dividends paid to Class A Common Stock stockholders | (4.5) | (2.4) |
| Repurchase of Class A Common Stock | (15.5) | (19.3) |
| Deferred financing costs on Wells Fargo Revolving Credit Facility | — | (0.7) |
| Net cash used in financing activities | (28.2) | (49.1) |
| Increase in Cash and Cash equivalents | 25.2 | 12.0 |
| Cash and Cash Equivalents, Beginning of Year | 15.7 | 3.7 |
| Cash and Cash Equivalents, End of Year | $40.9 | $15.7 |
| Supplemental Cash Flow Information | ||
| Interest paid | $2.0 | $1.4 |
| Supplemental Disclosure of Non-cash Investing and Financing Activities | ||
| Capital expenditures included in accounts payable and accrued liabilities | $0.4 | $(0.5) |
| Additions to fixed assets through installment purchases and financing leases | $(8.6) | $(10.0) |
| Additions to fixed assets through asset trades | $(4.6) | $(1.1) |
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