SHLS Stock Cash Flow Statements

Shoals Technologies Group Quarterly Cash Flow Statements Chart

Quarterly

Annual

Operating Cash Flow

Investing Cash Flow

Financing Cash Flow

Free Cash Flow

Capital Expenditure

Shoals Technologies Group Quarterly Cash Flow Statements Table

Quarterly

Annual

Unit: USD	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31

cash flows from operating activities
net income	13,855,000	-282,000	7,818,000	-267,000	11,802,000	4,774,000	16,582,000	-9,828,000	18,924,000	16,983,000	118,302,000	12,759,000	7,303,000	4,649,000	-2,152,000	5,276,000	9,154,000	-8,334,000
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization	3,335,000	3,287,000	3,294,000	3,151,000	3,179,000	3,002,000	2,785,000	2,652,000	2,585,000	2,507,000	2,508,000	2,599,000	2,708,000	2,694,000	2,708,000	2,537,000	2,407,000	2,401,000
amortization/write off of deferred financing costs	155,000	156,000	156,000	156,000	155,000	2,626,000	1,133,000	340,000	342,000	350,000	342,000	339,000	408,000	276,000	277,000	277,000	305,000	5,110,000
gain on sale of asset
equity-based compensation	2,594,000	2,661,000	3,838,000	1,282,000	4,087,000	5,023,000	3,802,000	5,092,000	4,445,000	7,523,000	4,221,000	3,991,000	4,065,000	3,831,000	4,882,000	2,232,000	2,780,000	1,392,000
benefit from obsolete or slow-moving inventory	365,000	252,000	1,165,000	1,039,000			1,402,000	499,000	818,000	2,322,000	1,630,000	0
benefit from warranty expense	-1,000	257,000	0	13,809,000	829,000	565,000	-167,000	50,337,000
deferred taxes	4,304,000	2,288,000	5,851,000	1,665,000	4,024,000	2,495,000	8,878,000	-6,497,000	5,954,000	2,999,000	3,107,000	2,452,000	1,428,000	1,419,000	-2,116,000	1,164,000	-1,081,000	557,000
changes in assets and liabilities:
accounts receivable	-35,728,000	10,477,000	17,120,000	-3,040,000	11,142,000	3,715,000	1,768,000	-11,787,000	-21,672,000	-25,148,000	20,877,000	-13,825,000	-871,000	-25,388,000	13,089,000	3,702,000	-14,839,000	-1,134,000
unbilled receivables	548,000	10,425,000	-7,042,000	3,223,000	6,391,000	16,730,000	-11,630,000	-6,842,000	-2,003,000	-2,948,000	-5,152,000	3,019,000	1,569,000	-2,616,000	-2,979,000	-3,757,000	3,198,000	-6,201,000
inventory	3,909,000	-5,448,000	8,712,000	-6,887,000	-907,000	-6,761,000	6,755,000	6,852,000	4,599,000	-3,197,000	6,674,000	-16,197,000	-16,293,000	-11,111,000	-8,683,000	-2,354,000	-180,000	-5,971,000
other assets	-978,000	-1,471,000	-7,099,000	-1,877,000	2,374,000	-3,165,000	2,547,000	872,000	1,217,000	-3,281,000	625,000	1,678,000	1,362,000	-3,421,000	7,245,000	-2,273,000
accounts payable	-583,000	6,682,000	-3,711,000	7,556,000	459,000	1,332,000	-2,219,000	376,000	-5,507,000	12,521,000	-12,215,000	-2,874,000	6,166,000	-2,106,000	1,321,000	-4,788,000	1,283,000	-1,693,000
accrued expenses and other	4,284,000	-347,000	-540,000	2,967,000	-272,000	-13,402,000	1,141,000	3,550,000	997,000	-1,217,000	-23,888,000	17,816,000
warranty liability	-11,626,000	-9,837,000	-13,749,000	-6,396,000	-5,298,000	-3,680,000	-1,533,000
deferred revenue	4,880,000	-3,542,000	-1,825,000	-682,000	-590,000	-394,000	-4,797,000	-4,273,000	7,848,000	191,000
net cash from operating activities	-13,821,000	15,558,000	13,988,000	15,699,000	37,841,000	12,860,000	26,447,000	27,674,000	27,921,000	9,913,000	34,441,000	11,757,000	19,116,000	-25,859,000	2,596,000	7,435,000	3,665,000	-17,779,000
capex	-12,221,000	-3,209,000	-1,531,000	-2,377,000	-2,002,000	-2,483,000	-2,936,000	-3,265,000	-2,374,000	-2,003,000	-761,000	-244,000	-1,267,000	-882,000	-1,643,000	-747,000	-873,000	-863,000
free cash flows	-26,042,000	12,349,000	12,457,000	13,322,000	35,839,000	10,377,000	23,511,000	24,409,000	25,547,000	7,910,000	33,680,000	11,513,000	17,849,000	-26,741,000	953,000	6,688,000	2,792,000	-18,642,000
cash flows from investing activities
purchases of property, plant and equipment	-12,221,000	-3,209,000	-1,531,000	-2,377,000	-2,002,000	-2,483,000	-2,936,000	-3,265,000	-2,374,000	-2,003,000	-761,000	-244,000	-1,267,000	-882,000	-1,643,000	-747,000	-873,000	-863,000
proceeds from sale of property, plant and equipment
net cash from investing activities	-7,133,000	-3,209,000	-1,531,000	-2,377,000	-2,002,000	-2,483,000	-2,936,000	-3,534,000	-2,374,000	-2,003,000	-761,000	-747,000	-1,267,000	-882,000	-1,643,000	-13,656,000	-873,000	-863,000
cash flows from financing activities
employee withholding taxes related to net settled equity awards	-28,000	-251,000	-52,000	-305,000	-49,000	-816,000	-28,000	-276,000	-44,000	-3,532,000	0	0	0	-1,297,000	0	0	0	-137,000
payments on term loan facility			0	0	0	-143,750,000	-50,000,000	-500,000	-500,000	-500,000	-500,000	-500,000	-500,000	-500,000	-500,000	-500,000
proceeds from revolving credit facility	10,000,000	20,000,000	0	0	5,000,000	143,750,000	40,000,000	0	0	5,000,000	0	8,000,000	3,000,000	35,000,000	9,000,000	6,140,000	15,000,000	19,000,000
repayments of revolving credit facility	-20,000,000	-20,000,000	0	-5,000,000	-27,000,000	-15,000,000	0	-20,000,000	-25,000,000	-8,000,000	-37,640,000	-7,500,000
deferred financing costs			0	0	-606,000	-2,032,000									0	0	0	-94,000
repurchase of class a common stock			0	-100,000
excise taxes on treasury stock transactions
net cash from financing activities	-9,969,000	-251,000	-52,000	-5,405,000	-47,886,000	-17,848,000	-10,028,000	-20,776,000	-26,147,000	-10,216,000	-56,530,000	-3,196,000	-7,128,000	30,265,000	-5,585,000	7,239,000	6,152,000	12,796,000
net decrease in cash and cash equivalents					-12,047,000	-7,471,000
cash and cash equivalents—beginning of period	0	23,511,000		0	0	22,707,000											0	10,073,000
cash and cash equivalents—end of period	-30,923,000	35,609,000		7,917,000	-12,047,000	15,236,000											8,944,000	4,227,000
net increase in cash and cash equivalents		12,098,000														1,018,000	8,944,000	-5,846,000
benefit from credit losses							0	0	-12,000	308,000
payable pursuant to the tax receivable agreement adjustment
gain on termination of tax receivable agreement
other							0	890,000	-603,000	-556,000	0
distributions to non-controlling interests							0	0	0	-2,628,000
proceeds from issuance of class a common stock in follow-on offering, net of underwriting discounts and commissions															0
deferred offering costs															-85,000	0	0	-9,619,000
early termination payment of tax receivable agreement
payment of fees for tax receivable agreement termination
net increase in cash, cash equivalents
cash, cash equivalents—beginning of period
cash, cash equivalents—end of period
gain on sale of assets															-9,000	0	0	61,000
changes in assets and liabilities, net of business acquisition:
acquisition of a business, net of cash acquired															0
proceeds from issuance of class a common stock sold in an ipo, net of underwriting discounts and commissions																0	0	154,521,000
purchase of llc interests with proceeds from ipo
purchase of llc interests with proceeds from follow-on offering															0
payment of debt assumed in acquisition
net increase in cash, cash equivalents and restricted cash							13,483,000	3,364,000	-600,000	-2,306,000	-22,850,000	7,814,000	10,721,000	3,524,000
cash, cash equivalents and restricted cash—beginning of period							0	0	0	8,766,000			0	9,557,000
cash, cash equivalents and restricted cash—end of period							13,483,000	3,364,000	-600,000	6,460,000			10,721,000	13,081,000
cash flows used in investing activities
proceeds from term loan facility
payments on senior debt - term loan
proceeds from delayed draw term loan facility
payments on delayed draw term loan facility
distributions to non-controlling interest												-3,196,000	-1,628,000	-2,938,000
accrued expenses														5,914,000	-7,119,000	2,970,000	140,000	-502,000
benefit from slow-moving inventory															-1,853,000
payable pursuant to the tra adjustment
member / non-controlling interest distributions															0	-1,864,000
proceeds from issuance of class a common stock sold in an ipo
proceeds from senior debt - revolving line of credit
payments on senior debt - revolving line of credit
tax receivable agreement liability adjustment																2,014,000
payment of debt acquired in acquisition
other current assets																		-3,465,000
member distributions
payment on term loan facility																		-150,875,000
amortization of deferred finance costs
debt discount and financing costs
repayment of related party note payable
cash and cash equivalents—beginning of year
cash and cash equivalents—end of year
supplemental cash flows information:
cash paid for interest

We provide you with 20 years of cash flow statements for Shoals Technologies Group stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as operating cash flows, cash levels, capital expenditures, profits, stock-based compensations and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Shoals Technologies Group stock. Explore the full financial landscape of Shoals Technologies Group stock with our expertly curated income statements.

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