Drilling Tools International Corp.
Cash Flow
Last updated:
Cash flow statement presents a set of outflows and inflows of cash within a company through operating, investing and financing activities. Over the last year, operating activities of Drilling Tools International Corp. generated cash of $23,334,000, which is more than the previous year. Cash used in financing activities reached the amount of $4,295,000 last year. Net change in cash is therefore $3,651,000.
Cash Flow
| 2021 | -494K | 3.33M | -2.86M |
|---|---|---|---|
| 2022 | 13.85M | -2.39M | -9.33M |
| 2023 | 23.33M | -23.86M | 4.29M |
DTI Cash Flow Statement (2021 – 2023)
| 2023 | 2022 | 2021 | |
|---|---|---|---|
Cash at beginning of period | 2.35M | 52K | 135K |
Operating activities | |||
Net income | 14.74M | 21.08M | 2.10M |
| Adjustments to reconcile net income to cash generated by operating activities: | |||
Depreciation and amortization | 20.35M | 19.70M | 21.71M |
Stock-based compensation expense | 3.98M | 0 | 32K |
| Deferred income tax benefit | 3.98M | 0 | 32K |
| Changes in operating assets and liabilities: | |||
Accounts receivable, net | -1.04M | -9.26M | -9.35M |
Inventories | -1.71M | -940K | 648K |
Accounts payable | -1.55M | -981K | 3.08M |
Cash generated by operating activities | 23.33M | 13.85M | -494K |
Investing activities | |||
Purchases Of Investments | 0 | -2.06M | -209.07M |
Investments In Property Plant And Equipment | -43.75M | -23.75M | -11.38M |
Acquisitions Net | 0 | 22.15M | 0 |
Cash generated by investing activities | -23.86M | -2.39M | 3.33M |
Financing activities | |||
Common Stock Issued | -194K | -11.3K | 210.57M |
Payments for dividends | 0 | 0 | 0 |
Repurchases of common stock | -194K | 0 | 0 |
Repayments of term debt | 4.81M | -9.08M | -4.71M |
Cash used in financing activities | 4.29M | -9.33M | -2.86M |
Net Change In Cash | 3.65M | 2.3M | -83K |
Cash at end of period | 6.00M | 2.35M | 52K |