National Energy Services Reunited Corp. (NESR)

NESR Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	70.17	76.31	12.58	-36.42	-64.57	16.56
Depreciation & Amortization	146.09	142.78	142.23	115.85	122.13	120.72
Loss (Gain) From Sale of Assets	-5.9	0.47	0.49	-0.06	0.33	3.96
Asset Writedown & Restructuring Costs	5.23	5.32	7.92	-	-	-
Stock-Based Compensation	8.21	6.03	6.76	9.27	9.76	7.83
Provision & Write-off of Bad Debts	4.23	8.84	0.41	8.19	1.11	0.26
Other Operating Activities	0.95	-1.27	-1.13	-5.47	-3.8	-12.03
Change in Accounts Receivable	-48.96	9.42	-8.78	-30.96	47.8	-79.09
Change in Inventory	1.04	-0.63	11.95	-16.76	-3.24	-11.87
Change in Accounts Payable	9.61	-38.52	-3.37	33.65	31.22	79.34
Change in Other Net Operating Assets	-18.76	20.57	7.9	15.29	-13.01	8.76
Operating Cash Flow	171.91	229.33	176.96	92.58	127.74	134.45
Operating Cash Flow Growth	-21.71%	29.59%	91.15%	-27.53%	-4.99%	50.92%
Capital Expenditures	-125.67	-105.11	-68.19	-122.42	-107.08	-82.63
Sale of Property, Plant & Equipment	4.22	3.06	1.76	0.63	2.76	0.49
Cash Acquisitions	-	-	-	-	-51.92	-13.22
Other Investing Activities	-12.3	-9.09	-17.03	-24.92	-8.3	-1.07
Investing Cash Flow	-133.76	-111.13	-83.46	-146.71	-164.54	-96.44
Short-Term Debt Issued	-	83.43	94.51	139.48	123.79	66.45
Long-Term Debt Issued	-	4.06	11.3	3.19	527.49	15
Total Debt Issued	100.41	87.5	105.81	142.68	651.28	81.45
Short-Term Debt Repaid	-	-72.61	-137.4	-119.17	-78.98	-68.3
Long-Term Debt Repaid	-	-89	-57.17	-81.86	-381.36	-45.55
Total Debt Repaid	-182.84	-161.61	-194.57	-201.03	-460.34	-113.86
Net Debt Issued (Repaid)	-82.43	-74.12	-88.76	-58.35	190.93	-32.41
Other Financing Activities	-4.21	-3.94	-15.77	-14.44	-23.39	-3.83
Financing Cash Flow	-86.64	-78.06	-104.53	-72.8	167.54	-36.24
Foreign Exchange Rate Adjustments	-	-	-	0.01	0.01	0.04
Net Cash Flow	-48.49	40.14	-11.03	-126.92	130.76	1.81
Free Cash Flow	46.24	124.22	108.77	-29.84	20.67	51.82
Free Cash Flow Growth	-66.29%	14.21%	-	-	-60.12%	-
Free Cash Flow Margin	3.64%	9.54%	9.49%	-3.28%	2.36%	6.21%
Free Cash Flow Per Share	0.47	1.30	1.15	-0.32	0.23	0.58
Cash Interest Paid	38.31	38.31	33.91	19.24	9.89	13.05
Cash Income Tax Paid	12.94	12.94	15.22	10.99	12.78	15.64
Levered Free Cash Flow	32.31	112.65	103.47	-7.77	92.24	39.68
Unlevered Free Cash Flow	54.11	137.58	132.11	13.56	101.73	49.61
Change in Working Capital	-57.07	-9.16	7.71	1.23	62.78	-2.85

Updated Nov 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q