ACUREN CORP
For the period ended Jun 30, 2025. Filed Aug 14, 2025.
View on SEC.govAbout this filing
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.
Jun 30, 2025 · Filed Aug 14, 2025
TIC$10.99-2.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
(amounts in thousands)
| Six Months Ended June 30, | ||
|---|---|---|
| Successor2025 | Predecessor2024 | |
| Cash flows from operating activities: | ||
| Net loss | $(26,026) | $(6,721) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
| Depreciation expense | 31,912 | 18,712 |
| Amortization expense | 26,224 | 20,051 |
| Non-cash lease expense | 5,139 | 6,070 |
| Share-based compensation expense | 2,980 | 17,696 |
| Amortization of deferred financing costs | 1,682 | 2,043 |
| Accrued contingent consideration | 2,049 | 527 |
| Fair value adjustments on interest rate derivatives | — | 3,102 |
| Deferred taxes | (11,718) | (5,401) |
| Other | (744) | (654) |
| Changes in operating assets and liabilities, net of effects of acquisitions: | ||
| Accounts receivable | (12,636) | (46,084) |
| Prepaid expenses and other current assets | 8,388 | (4,991) |
| Accounts payable | 974 | (7,052) |
| Accrued expenses and other current liabilities | 3,434 | 3,183 |
| Operating lease obligations | (4,904) | (6,369) |
| Other assets and liabilities | (449) | (2,866) |
| Net cash provided by (used in) operating activities | 26,305 | (8,754) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (12,494) | (11,321) |
| Proceeds from sale of property and equipment | 743 | 974 |
| Acquisitions of businesses, net of cash acquired | (16,656) | (46,280) |
| Net cash used in investing activities | (28,407) | (56,627) |
| Cash flows from financing activities: | ||
| Proceeds from long-term borrowings | — | 30,000 |
| Payments on long-term borrowings | (3,865) | (16,346) |
| Payment of debt issuance costs | (1,165) | — |
| Payments on finance lease obligations | (5,278) | (4,904) |
| Net cash (used in) provided by financing activities | (10,308) | 8,750 |
| Net effect of exchange rate fluctuations on cash and cash equivalents | 3,332 | 366 |
| Net change in cash and cash equivalents | (9,078) | (56,265) |
| Cash and cash equivalents | ||
| Beginning of period | 139,134 | 87,061 |
| End of period | $130,056 | $30,796 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.