KLX Energy Services Holdings, Inc.
For the period ended Dec 31, 2025. Filed Mar 12, 2026.
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FY2025 · Filed Mar 12, 2026
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, 2025 | December 31, 2024 | |
| Cash flows from operating activities: | ||
| Net loss | $(77.1) | $(53.0) |
| Adjustments to reconcile net loss to net cash flows from operating activities | ||
| Depreciation and amortization | 95.2 | 94.0 |
| Non-cash compensation | 2.6 | 3.9 |
| Amortization of deferred financing fees | 4.7 | 2.6 |
| Provision for inventory reserve | 1.3 | 0.9 |
| Gain on disposal of property, equipment and other | (11.0) | (11.9) |
| Non-cash interest expense | 16.6 | — |
| Loss on debt extinguishment | 1.2 | — |
| Other | 0.7 | (0.6) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (6.0) | 30.6 |
| Inventories | (1.8) | 1.4 |
| Prepaid expenses and other current and non-current assets | 7.9 | 14.0 |
| Accounts payable | (2.0) | (16.6) |
| Other current and non-current liabilities | (24.8) | (11.1) |
| Net cash flows provided by operating activities | 7.5 | 54.2 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (49.1) | (65.1) |
| Proceeds from sale of property and equipment and other | 16.2 | 14.0 |
| Net cash flows used in investing activities | (32.9) | (51.1) |
| Cash flows from financing activities: | ||
| Borrowings under 2028 ABL Facility | 139.0 | — |
| Repayments on 2028 ABL Facility | (103.0) | — |
| Repayments on Prior ABL Facility | (50.0) | — |
| Proceeds from issuance of 2030 Senior Notes and warrants | 225.2 | — |
| Repayment of 2025 Senior Notes | (236.3) | — |
| Mandatory redemption on 2030 Senior Notes | (4.8) | — |
| Payments on finance lease obligations | (19.9) | (21.6) |
| Payments of debt issuance costs | (10.5) | (0.9) |
| Proceeds from note payable | 6.5 | 5.4 |
| Change in financed payables | (6.6) | (6.1) |
| Other | (0.1) | (0.8) |
| Net cash flows used in financing activities | (60.5) | (24.0) |
| Net change in cash and cash equivalents | (85.9) | (20.9) |
| Cash and cash equivalents, beginning of period | 91.6 | 112.5 |
| Cash and cash equivalents, end of period | $5.7 | $91.6 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid during period for interest | 27.8 | 37.1 |
| Supplemental schedule of non-cash activities: | ||
| Accrued capital expenditures | 9.1 | 12.7 |
| Non-cash interest expense (paid in kind) | 16.6 | — |
| Debt-for-equity exchanges | — | 1.0 |
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