KLX Energy Services Holdings, Inc.
For the period ended Dec 31, 2025. Filed Mar 12, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
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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Item 8. Consolidated Balance Sheets
Consolidated Balance Sheets
(In millions of U.S. dollars and shares, except per share data)
| As of December 31 | ||
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $5.7 | $91.6 |
| Accounts receivable–trade, net of allowance of $1.7 and $4.2 | 102.7 | 96.9 |
| Inventories, net | 30.7 | 31.0 |
| Prepaid expenses and other current assets | 10.8 | 13.5 |
| Total current assets | 149.9 | 233.0 |
| Property and equipment, net(1) | 161.1 | 197.1 |
| Operating lease assets | 22.3 | 19.6 |
| Intangible assets, net | 1.1 | 1.5 |
| Other assets | 5.9 | 5.1 |
| Total assets | $340.3 | $456.3 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $68.7 | $74.4 |
| Accrued interest | 0.4 | 4.5 |
| Accrued liabilities | 26.0 | 41.3 |
| Current portion of long-term debt | 4.4 | — |
| Current portion of operating lease liabilities | 7.1 | 6.9 |
| Current portion of finance lease liabilities | 19.6 | 13.0 |
| Total current liabilities | 126.2 | 140.1 |
| Long-term debt | 253.9 | 285.1 |
| Long-term operating lease liabilities | 15.9 | 13.5 |
| Long-term finance lease liabilities | 17.4 | 26.4 |
| Other non-current liabilities | 1.1 | 1.7 |
| Commitments and contingencies (Note 9) | ||
| Stockholders’ equity: | ||
| Common Stock, $0.01 par value; 110.0 authorized; 18.9 and 17.5 issued | 0.2 | 0.2 |
| Additional paid-in capital | 571.3 | 557.5 |
| Treasury stock, at cost, 0.5 shares and 0.5 shares | (6.2) | (5.8) |
| Accumulated deficit | (639.5) | (562.4) |
| Total stockholders’ deficit | (74.2) | (10.5) |
| Total liabilities and stockholders' deficit | $340.3 | $456.3 |
(1) Includes right-of-use ("ROU") assets - finance leases. See Note 4 - Property and Equipment, Net and Note 7 - Leases.
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