Smart Sand Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	1.35	2.99	-	-0.7	-50.67
Depreciation & Amortization	30.06	29.73	28.27	27.28	26.1
Stock-Based Compensation	3.72	3.24	3.53	3.21	3.2
Other Adjustments	-5.4	-1.58	-4.04	-4.2	12.06
Change in Receivables	-	-	10.03	-16.46	30.89
Changes in Inventories	-	-	-6.64	-5.16	1.94
Changes in Accounts Payable	-	-	1.97	5.24	4.51
Changes in Accrued Expenses	-	-	-2.77	-1	-2.24
Changes in Unearned Revenue	-	-	-5.81	-9.31	5.91
Changes in Other Operating Activities	-	-	2	6.52	0.75
Operating Cash Flow	44.12	17.86	30.99	5.42	32.44
Operating Cash Flow Growth	146.95%	-42.36%	471.79%	-83.29%	27.00%
Capital Expenditures	-11.6	-7.01	-23.03	-12.73	-11.22
Sale of Property, Plant & Equipment	0.74	0.09	0.13	1.07	0.08
Payments for Business Acquisitions	-	-	-	-6.55	-
Investing Cash Flow	-10.86	-6.92	-22.9	-18.21	-11.14
Short-Term Debt Issued	35	30.98	23	10	-
Short-Term Debt Repaid	-35	-38.98	-15	-10	-
Net Short-Term Debt Issued (Repaid)	-	-8	8	-	-
Long-Term Debt Repaid	-3.63	-10.48	-10.83	-7.44	-6.89
Net Long-Term Debt Issued (Repaid)	-3.63	-10.48	-10.83	-7.44	-6.89
Issuance of Common Stock	-	-	-	0.69	0.04
Repurchase of Common Stock	-2.72	-0.59	-4.75	-0.54	-0.4
Net Common Stock Issued (Repurchased)	-2.72	-0.59	-4.75	0.15	-0.36
Common Dividends Paid	-5.95	-3.9	-	-	-
Other Financing Activities	-0.01	-1.23	-	-	-0.18
Financing Cash Flow	-12.27	-15.46	-7.53	-7.29	-7.43
Net Cash Flow	21	-4.52	0.56	-20.08	13.86
Free Cash Flow	32.52	10.85	7.96	-7.31	21.22
Free Cash Flow Growth	199.62%	36.36%	-	-	25.39%
FCF Margin	9.85%	3.49%	2.60%	-2.86%	16.75%
Free Cash Flow Per Share	0.82	0.28	203.86	-0.17	0.51
Levered Free Cash Flow	16.18	7.23	-13.46	2.7	-31.82
Unlevered Free Cash Flow	19.54	58.38	-10.21	10.28	-29.99

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

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