KLX Energy Services Holdings, Inc.
For the period ended Mar 31, 2026. Filed May 13, 2026.
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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.
Mar 31, 2026 · Filed May 13, 2026
KLXE$1.11+11.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Statements of Cash Flows for the
Condensed Consolidated Statements of Cash Flows
(In millions of U.S. dollars)
| Three Months Ended | ||
|---|---|---|
| March 31, 2026 | March 31, 2025 | |
| Cash flows from operating activities: | ||
| Net loss | $(24.0) | $(27.9) |
| Adjustments to reconcile net loss to net cash flows provided by (used in) operating activities | ||
| Depreciation and amortization | 21.9 | 24.7 |
| Non-cash compensation | 0.3 | 0.8 |
| Amortization of deferred financing fees | 1.3 | 0.5 |
| Provision for inventory reserve | 0.2 | 0.5 |
| Change in allowance for credit losses | (0.2) | — |
| Gain on disposal of property, equipment and other | (2.5) | (2.7) |
| Non-cash interest expense | 6.8 | — |
| Loss on debt extinguishment | — | 1.2 |
| Other | 0.1 | 0.1 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (4.4) | (5.8) |
| Inventories | (1.4) | (1.4) |
| Prepaid expenses and other current and non-current assets | 2.0 | 3.4 |
| Accounts payable | 2.1 | (14.5) |
| Other current and non-current liabilities | (1.9) | (16.5) |
| Net cash flows provided by (used in) operating activities | 0.3 | (37.6) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (8.7) | (15.0) |
| Proceeds from sale of property and equipment | 3.4 | 4.8 |
| Net cash flows used in investing activities | (5.3) | (10.2) |
| Cash flows from financing activities: | ||
| Borrowings under 2028 ABL Facility | 49.0 | 55.0 |
| Repayments on Prior ABL Facility | — | (50.0) |
| Repayments on 2028 ABL Facility | (36.0) | — |
| Proceeds from issuance of 2030 Senior Notes and warrants | — | 225.2 |
| Repayment of 2025 Senior Notes | — | (236.3) |
| Mandatory redemption on 2030 Senior Notes | (1.2) | (1.2) |
| Payments on finance lease obligations | (5.3) | (4.2) |
| Payments of debt issuance costs | — | (8.3) |
| Change in financed payables | (1.4) | (1.4) |
| Other | (0.2) | 0.1 |
| Net cash flows provided by (used in) financing activities | 4.9 | (21.1) |
| Net change in cash and cash equivalents | (0.1) | (68.9) |
| Cash and cash equivalents, beginning of period | 5.7 | 91.6 |
| Cash and cash equivalents, end of period | $5.6 | $22.7 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid during period for: | ||
| Income taxes paid, net of refunds | $(0.4) | $0.1 |
| Interest | 3.6 | 12.1 |
| Supplemental schedule of non-cash activities: | ||
| Accrued capital expenditures | 6.4 | 10.9 |
| Non-cash interest expense (paid in kind) | 6.8 | — |
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