For the year ending 2025-12-31, CECO had -$4,974K decrease in cash & cash equivalents over the period. -$5,482K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income | 53,107 |
| Depreciation and amortization | 24,882 |
| Unrealized foreign currency (gain) loss | 2,057 |
| Gain on sale of global pump solutions business | 63,701 |
| Loss realized with transfer of pension plan with sale of global pump solutions business | -2,104 |
| Fair value adjustments to earnout liabilities | -7,403 |
| Loss on sale of property and equipment | -60 |
| Debt discount amortization | 834 |
| Share-based compensation expense | 13,105 |
| Provision for credit (recovery) loss | -988 |
| Inventory obsolescence expense | -354 |
| Deferred income tax expense (benefit) | 6,312 |
| Accounts receivable | 6,772 |
| Cost and estimated earnings of billings on uncompleted contracts | 44,833 |
| Inventories | 3,176 |
| Prepaid expenses and other current assets | 16,831 |
| Deferred charges and other assets | 79 |
| Accounts payable | 7,215 |
| Accrued expenses | 13,761 |
| Billings in excess of costs and estimated earnings on uncompleted contracts | 37,903 |
| Income taxes (receivable) payable | 2,005 |
| Other liabilities | -9,233 |
| Net cash provided by operating activities | 5,861 |
| Acquisitions of property and equipment | 11,343 |
| Net cash proceeds for sale of global pump solutions business | -107,808 |
| Net proceeds from sale of assets | 74 |
| Cash paid for acquisitions, net of cash acquired | 97,615 |
| Net cash used in investing activities | -1,076 |
| Borrowings on revolving credit lines | 233,300 |
| Repayments on revolving credit lines | -238,900 |
| Borrowings of long-term debt | 0 |
| Repayments of long-term debt | 2,203 |
| Deferred financing fees paid | 0 |
| Deferred consideration paid for acquisitions | 2,787 |
| Payments on financing leases | 234 |
| Earnout payments | 0 |
| Equity awards surrendered by employees for tax liability, net of proceeds from employee stock purchase plan and exercise of stock options | 872 |
| Non-controlling interest distributions | 1,606 |
| Common stock repurchases | 0 |
| Net cash (used in) provided by financing activities | -11,558 |
| Effect of exchange rate changes on cash and cash equivalents | 1,798 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | -4,974 |
| Cash, cash equivalents and restricted cash at beginning of year | 38,201 |
| Cash, cash equivalents and restricted cash at end of year | 33,227 |
CECO ENVIRONMENTAL CORP (CECO)
CECO ENVIRONMENTAL CORP (CECO)