Shoals Technologies Group
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 Shoals Technologies Group generated cash of $91,955,000, which is more than the previous year. Cash used in financing activities reached the amount of -$67,167,000 last year. Net change in cash is therefore $13,941,000.
Cash Flow
| 2018 | 3.00M | -1.40M | -19.16M |
|---|---|---|---|
| 2019 | 36.18M | -1.71M | -27.48M |
| 2020 | 54.08M | -3.23M | -47.85M |
| 2021 | -4.08M | -17.03M | 20.60M |
| 2022 | 39.45M | -3.65M | -36.58M |
| 2023 | 91.95M | -10.84M | -67.16M |
SHLS Cash Flow Statement (2018 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|
Cash at beginning of period | 8.76M | 9.55M | 10.07M | 7.08M | 108K | 17.67M |
Operating activities | ||||||
Net income | 39.97M | 143.01M | 3.94M | 33.76M | 25.14M | 8.64M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||
Depreciation and amortization | 10.52M | 10.50M | 10.05M | 9.40M | 9.16M | 8.99M |
Stock-based compensation expense | 20.86M | 16.10M | 11.28M | 8.25M | 0 | 0 |
| Deferred income tax benefit | 20.86M | 16.10M | 11.28M | 8.25M | 0 | 0 |
| Changes in operating assets and liabilities: | ||||||
Accounts receivable, net | -80.26M | -19.20M | 818K | 288K | -473K | -9.83M |
Inventories | 15.00M | -36.92M | -17.18M | -6.47M | -694K | -4.44M |
Accounts payable | 5.17M | -11.02M | -3.87M | 4.25M | 4.19M | -656K |
Cash generated by operating activities | 91.95M | 39.45M | -4.08M | 54.08M | 36.18M | 3.00M |
Investing activities | ||||||
Purchases Of Investments | 0 | 0 | 0 | 0 | 0 | 0 |
Investments In Property Plant And Equipment | -10.57M | -3.15M | -4.12M | -3.23M | -1.71M | -1.40M |
Acquisitions Net | 0 | 0 | -12.90M | 0 | 0 | 0 |
Cash generated by investing activities | -10.84M | -3.65M | -17.03M | -3.23M | -1.71M | -1.40M |
Financing activities | ||||||
Common Stock Issued | 0 | 42.94M | 559.89M | 0 | 0 | 0 |
Payments for dividends | 0 | 0 | 0 | -376.04M | -13.98M | -10.66M |
Repurchases of common stock | 0 | 0 | -405.37M | 0 | 0 | 0 |
Repayments of term debt | -59.5M | -9.14M | -166.75M | -46.25M | -13.5M | -18.5M |
Cash used in financing activities | -67.16M | -36.58M | 20.60M | -47.85M | -27.48M | -19.16M |
Net Change In Cash | 13.94M | -791K | -516K | 2.99M | 6.97M | -17.56M |
Cash at end of period | 22.70M | 8.76M | 9.55M | 10.07M | 7.08M | 108K |
| Data source | Data source | Data source | Data source |