National Energy Services Reunited Corp. (NESR)

NESR Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	51.13	76.31	12.58	-36.42	-64.57
Depreciation & Amortization	141.73	142.78	142.23	115.85	122.13
Stock-Based Compensation	8.32	6.03	6.76	9.27	9.76
Other Adjustments	14.81	13.37	7.68	2.65	-2.35
Change in Receivables	-60.99	26.77	-22.93	-24.12	43.8
Changes in Inventories	0.43	-0.63	-11.95	-16.76	-3.24
Changes in Accounts Payable	116.16	-38.52	-3.37	33.65	31.22
Changes in Other Operating Activities	-7.35	3.22	22.05	8.45	-9.01
Operating Cash Flow	264.24	229.33	176.96	92.58	127.74
Operating Cash Flow Growth	15.22%	29.59%	91.15%	-27.53%	-4.99%
Capital Expenditures	-143.45	-105.11	-68.19	-122.42	-107.08
Sale of Property, Plant & Equipment	4.91	3.06	1.76	0.63	2.76
Payments for Business Acquisitions	-	-	-	-	-51.92
Other Investing Activities	-13.69	-9.09	-17.03	-24.92	-8.3
Investing Cash Flow	-152.24	-111.13	-83.46	-146.71	-164.54
Short-Term Debt Issued	98.58	83.43	94.51	139.48	123.79
Short-Term Debt Repaid	-104.2	-72.61	-137.4	-119.17	-78.98
Net Short-Term Debt Issued (Repaid)	-5.62	10.82	-42.9	20.32	44.8
Long-Term Debt Issued	-	4.06	11.3	3.19	527.49
Long-Term Debt Repaid	-80.05	-92.78	-72.74	-96.31	-396.69
Net Long-Term Debt Issued (Repaid)	-80.05	-88.72	-61.44	-93.11	130.79
Other Financing Activities	-1.6	-0.16	-0.2	-	-8.05
Financing Cash Flow	-87.26	-78.06	-104.53	-72.8	167.54
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-	-	-	0.01	0.01
Net Cash Flow	24.74	40.14	-11.03	-126.92	130.76
Free Cash Flow	120.79	124.22	108.77	-29.84	20.67
Free Cash Flow Growth	-2.77%	14.21%	-	-	-60.12%
FCF Margin	9.12%	9.54%	9.49%	-3.28%	2.36%
Free Cash Flow Per Share	1.22	1.30	1.15	-0.32	0.23
Levered Free Cash Flow	72.98	0.16	-10.97	-90.44	145.06
Unlevered Free Cash Flow	190.75	111.78	114.79	17.66	-12.16

Updated Feb 17, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q