Shoals Technologies Group, Inc. (SHLS)

Shoals Technologies Group 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	21.12	24.13	39.97	127.61	2.35	33.77
Depreciation & Amortization	13.07	12.63	10.53	10.51	10.05	9.41
Other Amortization	0.62	3.09	2.17	1.37	5.97	0.35
Loss (Gain) From Sale of Assets	-3.13	-	-	-	0.05	-
Stock-Based Compensation	10.38	14.23	20.86	16.11	11.29	8.25
Provision & Write-off of Bad Debts	-	-	0.3	0.2	-	-
Other Operating Activities	30.99	31.91	78.62	-77.77	0.43	0.19
Change in Accounts Receivable	-4.02	48.24	-80.26	-22.39	-8.92	-1
Change in Inventory	0.29	-5.84	15.01	-36.93	-17.19	-6.48
Change in Accounts Payable	9.94	5.64	5.17	-11.03	-3.88	4.25
Change in Unearned Revenue	-1.17	-3.49	-1.03	21.42	1.67	-0.25
Change in Other Net Operating Assets	-46.67	-50.14	0.62	10.35	-5.9	5.59
Operating Cash Flow	31.42	80.39	91.96	39.46	-4.08	54.08
Operating Cash Flow Growth	-70.02%	-12.58%	133.06%	-	-	49.47%
Capital Expenditures	-19.34	-8.39	-10.58	-3.15	-4.13	-3.24
Cash Acquisitions	-	-	-	-	-12.91	-
Other Investing Activities	-	-	-0.27	-0.5	-	-
Investing Cash Flow	-14.25	-8.39	-10.85	-3.66	-17.04	-3.24
Short-Term Debt Issued	-	-	-	-	-	20
Long-Term Debt Issued	-	148.75	45	46	49.14	370
Total Debt Issued	30	148.75	45	46	49.14	390
Short-Term Debt Repaid	-	-	-	-	-	-20
Long-Term Debt Repaid	-	-190.75	-104.5	-55.14	-168.29	-26.25
Total Debt Repaid	-45	-190.75	-104.5	-55.14	-168.29	-46.25
Net Debt Issued (Repaid)	-15	-42	-59.5	-9.14	-119.15	343.75
Issuance of Common Stock	-	-	-	42.94	559.9	-
Repurchase of Common Stock	-0.74	-26.55	-3.88	-1.3	-0.14	-
Other Financing Activities	0.06	-2.64	-3.79	-69.1	-420.01	-391.61
Financing Cash Flow	-15.68	-71.19	-67.17	-36.59	20.6	-47.86
Net Cash Flow	1.5	0.8	13.94	-0.79	-0.52	2.99
Free Cash Flow	12.09	72	81.38	36.3	-8.21	50.85
Free Cash Flow Growth	-87.16%	-11.53%	124.17%	-	-	47.54%
Free Cash Flow Margin	3.02%	18.03%	16.64%	11.10%	-3.85%	28.97%
Free Cash Flow Per Share	0.07	0.43	0.49	0.22	-0.08	0.32
Cash Interest Paid	9.98	16.29	23.1	12.84	10.81	3.03
Cash Income Tax Paid	-	0.11	1.32	0.79	1.19	-
Levered Free Cash Flow	20.16	79.63	38.42	18.27	4.79	38.18
Unlevered Free Cash Flow	26.25	85.18	51.32	28.49	7.91	40.03
Change in Working Capital	-41.63	-5.6	-60.49	-38.57	-34.22	2.12

Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q