KLX Energy Services Holdings Inc
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
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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, 2024 · Filed Oct 31, 2024
KLXE$1.12+0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Cash Flows for the Nine Months Ended
Condensed Consolidated Statements of Cash Flows
(In millions of U.S. dollars)
| Nine Months Ended | ||
|---|---|---|
| September 30, 2024 | September 30, 2023 | |
| Cash flows from operating activities: | ||
| Net (loss) income | $(38.4) | $28.4 |
| Adjustments to reconcile net (loss) income to net cash flows provided by operating activities | ||
| Depreciation and amortization | 68.9 | 53.0 |
| Impairment and other charges | 0.1 | — |
| Non-cash compensation | 2.9 | 2.3 |
| Amortization of deferred financing fees | 1.4 | 1.3 |
| Provision for inventory reserve | 0.7 | 0.2 |
| Change in allowance for doubtful accounts | (0.5) | 0.5 |
| Gain on disposal of property, equipment and other | (7.5) | (7.7) |
| Bargain purchase gain | — | (1.9) |
| Other | (0.3) | (0.4) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 2.7 | 15.2 |
| Inventories | (0.2) | (8.0) |
| Prepaid expenses and other current and non-current assets | 10.3 | 17.3 |
| Accounts payable | (11.3) | (10.8) |
| Other current and non-current liabilities | (0.6) | (12.4) |
| Net cash flows provided by operating activities | 28.2 | 77.0 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (49.8) | (44.3) |
| Proceeds from sale of property and equipment | 9.2 | 13.3 |
| Cash from acquisition | — | 1.1 |
| Net cash flows used in investing activities | (40.6) | (29.9) |
| Cash flows from financing activities: | ||
| Purchase of treasury stock | (0.4) | (0.7) |
| Proceeds from stock issuance, net of costs | (0.2) | (0.4) |
| Payments on finance lease obligations | (16.0) | (10.0) |
| Payments of debt issuance costs | (0.6) | (0.5) |
| Proceeds from note payable | 4.4 | — |
| Change in financed payables | (4.6) | (2.5) |
| Net cash flows used in financing activities | (17.4) | (14.1) |
| Net change in cash and cash equivalents | (29.8) | 33.0 |
| Cash and cash equivalents, beginning of period | 112.5 | 57.4 |
| Cash and cash equivalents, end of period | $82.7 | $90.4 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid during period for: | ||
| Income taxes paid, net of refunds | $1.1 | $0.6 |
| Interest | 21.2 | 19.3 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.