KLX Energy Services Holdings Inc
For the period ended Dec 31, 2024. Filed Mar 13, 2025.
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FY2024 · Filed Mar 13, 2025
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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Consolidated Statements of Cash Flows for the Years Ended
Consolidated Statements of Cash Flows
(In millions of U.S. dollars)
| Year Ended | ||
|---|---|---|
| December 31, 2024 | December 31, 2023 | |
| Cash flows from operating activities: | ||
| Net (loss) income | $(53.0) | $19.2 |
| Adjustments to reconcile net income (loss) to net cash flows from operating activities | ||
| Depreciation and amortization | 94.0 | 72.8 |
| Impairment and other charges | 0.1 | — |
| Non-cash compensation | 3.9 | 3.0 |
| Amortization of deferred financing fees | 2.6 | 1.8 |
| Provision for inventory reserve | 0.9 | 0.5 |
| Gain on disposal of property, equipment and other | (11.9) | (10.0) |
| Bargain purchase gain | — | (1.9) |
| Other | (0.7) | (1.2) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 30.6 | 44.0 |
| Inventories | 1.4 | (9.0) |
| Prepaid expenses and other current and non-current assets | 14.0 | 18.7 |
| Accounts payable | (16.6) | (4.2) |
| Other current and non-current liabilities | (11.1) | (18.1) |
| Net cash flows provided by operating activities | 54.2 | 115.6 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (65.1) | (57.1) |
| Proceeds from sale of property and equipment | 14.0 | 16.3 |
| Cash from acquisition | — | 1.1 |
| Net cash flows used in investing activities | (51.1) | (39.7) |
| Cash flows from financing activities: | ||
| Proceeds from stock issuance, net of costs | (0.4) | (0.4) |
| Payments on finance lease obligations | (21.6) | (14.6) |
| Payments of debt issuance costs | (0.9) | (0.5) |
| Proceeds from note payable | 5.4 | — |
| Change in financed payables | (6.1) | (4.6) |
| Other | (0.4) | (0.7) |
| Net cash flows used in financing activities | (24.0) | (20.8) |
| Net change in cash and cash equivalents | (20.9) | 55.1 |
| Cash and cash equivalents, beginning of period | 112.5 | 57.4 |
| Cash and cash equivalents, end of period | $91.6 | $112.5 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid during period for: | ||
| Income taxes paid, net of refunds | $3.3 | $0.6 |
| Interest | 37.1 | 35.0 |
| Supplemental schedule of non-cash activities: | ||
| Accrued capital expenditures | 12.7 | 4.8 |
| Acquisition of Greene's Energy Group, LLC | — | (32.9) |
| Issuance of KLX stock for Acquisition of Greene's Energy Group, LLC | — | 34.0 |
| Debt-for-equity exchanges | 1.0 | — |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.