Keel Infrastructure Corp. (KEEL)
NASDAQ: KEEL · Real-Time Price · USD
3.370
+0.120 (3.69%)
At close: Aug 20, 2026, 4:00 PM EDT
3.380
+0.010 (0.30%)
After-hours: Aug 20, 2026, 7:59 PM EDT
Keel Infrastructure Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | -433.84 | -284.54 | -28.37 | -55.51 | -175.64 | 22.13 |
Depreciation & Amortization | 102.83 | 122.63 | 135.42 | 84.32 | 72.31 | 24.24 |
Other Amortization | - | - | - | - | 0.11 | 0.24 |
Loss (Gain) From Sale of Assets | 2.75 | -5.46 | -0.69 | 1.6 | 1.28 | 4.01 |
Asset Writedown & Restructuring Costs | 223.6 | 152.37 | -22.39 | 5.03 | 93.11 | -0.06 |
Loss (Gain) From Sale of Investments | - | - | - | - | -51.65 | -6.15 |
Stock-Based Compensation | 20.73 | 14.98 | 12.68 | 10.92 | 21.79 | 22.59 |
Other Operating Activities | -117.85 | -227.68 | -230.89 | -155.97 | -79.75 | -125.7 |
Change in Accounts Receivable | -5.02 | -1.5 | -0.55 | -0.01 | 0.43 | 0.06 |
Change in Inventory | -2.5 | -4.99 | -0.48 | -0.12 | - | - |
Change in Accounts Payable | -10.85 | -2.05 | -15.83 | -0.53 | 0.09 | 9.24 |
Change in Income Taxes | -0.41 | -0.41 | -0.18 | 0.16 | -0.13 | 11.78 |
Change in Other Net Operating Assets | -9.86 | 10.05 | 9.55 | 3.23 | -4.38 | -5.7 |
Operating Cash Flow | -250.49 | -226.59 | -141.71 | -106.89 | -122.42 | -43.32 |
Operating Cash Flow Growth | - | - | - | - | - | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -164.39 | -126.09 | -339.85 | -73.7 | -194.98 | -193.26 |
Sale of Property, Plant & Equipment | 33.85 | 34.57 | 5.46 | 3.11 | 10.5 | 1.11 |
Cash Acquisitions | - | -48.08 | - | - | - | -23 |
Divestitures | 28.63 | 63.04 | - | - | - | - |
Investment in Securities | -0.39 | -1.26 | 2.31 | 12.25 | 51.65 | 6.15 |
Other Investing Activities | 91.12 | 181.58 | 153.69 | 129.31 | 136.49 | - |
Investing Cash Flow | -11.18 | 103.74 | -178.39 | 70.97 | 3.66 | -209 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | - | - | - | 40 | 60 |
Long-Term Debt Issued | - | 666.47 | 1.7 | - | 67.2 | 14.23 |
Total Debt Issued | 1,064 | 666.47 | 1.7 | - | 107.2 | 74.23 |
Short-Term Debt Repaid | - | - | - | - | -100 | - |
Long-Term Debt Repaid | - | -1.61 | -5.22 | -33 | -37.3 | -24.73 |
Total Debt Repaid | -114.92 | -1.61 | -5.22 | -33 | -137.3 | -24.73 |
Net Debt Issued (Repaid) | 949.13 | 664.86 | -3.53 | -33 | -30.1 | 49.5 |
Issuance of Common Stock | 91.86 | 108.46 | 298.42 | 122.06 | 55.98 | 322.49 |
Repurchase of Common Stock | -9.95 | -9.95 | - | - | - | - |
Other Financing Activities | -110.93 | -69.09 | 0.71 | - | -1.87 | - |
Financing Cash Flow | 920.11 | 694.28 | 295.61 | 89.05 | 24.01 | 371.99 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | 0.01 | -0.01 | -0.01 | 0.02 | 0.04 | -0.02 |
Net Cash Flow | 658.45 | 571.42 | -24.5 | 53.15 | -94.71 | 119.65 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | -414.87 | -352.68 | -481.56 | -180.59 | -317.4 | -236.58 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | -220.52% | -153.82% | -361.33% | -149.99% | -222.85% | -139.58% |
Free Cash Flow Per Share | -0.70 | -0.64 | -1.16 | -0.69 | -1.53 | -1.40 |
Levered Free Cash Flow | -180.64 | -133.66 | -385.46 | 17.56 | -17.81 | -245.32 |
Unlevered Free Cash Flow | -167.85 | -124.61 | -385 | 19.35 | -8.92 | -243.19 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 3.76 | 1.26 | 1.74 | 13.92 | 17.72 | 3.98 |
Cash Income Tax Paid | 1.07 | 0.43 | 1.51 | -11.59 | 14.96 | - |
Change in Working Capital | -28.64 | 1.11 | -7.48 | 2.73 | -3.98 | 15.39 |