National Energy Services Reunited Corp. (NESR)

NESR Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	64.57	51.13	76.31	12.58	-36.42	-64.57
Depreciation & Amortization	139.47	141.73	142.78	142.23	115.85	122.13
Stock-Based Compensation	8.97	8.32	6.03	6.76	9.27	9.76
Other Adjustments	16.42	14.81	13.37	7.68	2.65	-2.35
Change in Receivables	-117.59	-60.99	26.77	-22.93	-24.12	43.8
Changes in Inventories	3.77	0.43	-0.63	-11.95	-16.76	-3.24
Changes in Accounts Payable	162.49	116.16	-38.52	-3.37	33.65	31.22
Changes in Other Operating Activities	-3.59	-7.35	3.22	22.05	8.45	-9.01
Operating Cash Flow	274.5	264.24	229.33	176.96	92.58	127.74
Operating Cash Flow Growth	52.34%	15.22%	29.59%	91.15%	-27.53%	-4.99%
Capital Expenditures	-149.33	-143.45	-105.11	-68.19	-122.42	-107.08
Sale of Property, Plant & Equipment	4.67	4.91	3.06	1.76	0.63	2.76
Payments for Business Acquisitions	-	-	-	-	-	-51.92
Other Investing Activities	-12.52	-13.69	-9.09	-17.03	-24.92	-8.3
Investing Cash Flow	-157.19	-152.24	-111.13	-83.46	-146.71	-164.54
Short-Term Debt Issued	91.32	98.58	83.43	94.51	139.48	123.79
Short-Term Debt Repaid	-104.44	-104.2	-72.61	-137.4	-119.17	-78.98
Net Short-Term Debt Issued (Repaid)	-13.12	-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	-79.59	-80.05	-92.78	-72.74	-96.31	-396.69
Net Long-Term Debt Issued (Repaid)	-79.59	-80.05	-88.72	-61.44	-93.11	130.79
Other Financing Activities	-1.6	-1.6	-0.16	-0.2	-	-8.05
Financing Cash Flow	-94.31	-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	23.01	24.74	40.14	-11.03	-126.92	130.76
Free Cash Flow	125.17	120.79	124.22	108.77	-29.84	20.67
Free Cash Flow Growth	3.63%	-2.77%	14.21%	-	-	-60.12%
FCF Margin	8.78%	9.12%	9.54%	9.49%	-3.28%	2.36%
Free Cash Flow Per Share	1.24	1.22	1.30	1.15	-0.32	0.23
Levered Free Cash Flow	124.67	72.98	0.16	-10.97	-90.44	145.06
Unlevered Free Cash Flow	247.15	190.75	111.78	114.79	17.66	-12.16

Updated May 11, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q