For the quarter ending 2025-12-31, ESOA had $4,438,625 increase in cash & cash equivalents over the period. $16,778,090 in free cash flow.
| Cash Flow | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|
| Net income | 2,705,482 | 4,242,764 | -3,863,056 |
| Depreciation expense | 3,352,708 | 3,248,979 | 8,713,445 |
| Accreted interest on ppp loans | 16,206 | 25,142 | 74,718 |
| Gain on sale of equipment | 18,756 | 33,020 | 50,532 |
| Provision for deferred taxes | 978,446 | 2,016,320 | -1,753,681 |
| Provision for bad debts | - | 423,750 | - |
| Vested restricted stock award compensation | - | 46,231 | 58,888 |
| Repurchases of shares for tax withholding | - | 24,321 | - |
| Amortization of intangible assets | 405,942 | 605,234 | 459,259 |
| Accreted interest on note payable | 1,950 | 15,000 | 45,000 |
| Decrease (increase) in accounts receivable-trade | -7,422,755 | 18,735,212 | -4,000,870 |
| Increase in retainage receivable | 2,207,523 | -233,911 | 1,808,157 |
| Increase in other receivables | 138,071 | -286,911 | -1,366,200 |
| Decrease in contract assets | -11,120,438 | 7,769,438 | 373,797 |
| Decrease in prepaid expenses and other | -1,417,340 | 462,776 | 474,150 |
| Decrease increase in accounts payable | -6,401,159 | 6,379,467 | -2,797,474 |
| Decrease in accrued expenses and other current liabilities | -2,564,316 | -442,495 | -203,738 |
| Increase in contract liabilities | 2,698,645 | 658,602 | 10,028,162 |
| Net cash provided by operating activities | 18,790,087 | -9,284,951 | 13,421,957 |
| Investment in property and equipment | 2,011,997 | -2,747,653 | 9,101,722 |
| Acquisition-Rigney Digital Systems Ltd | - | 3,000,000 | - |
| Acquisition-Tribute Contracting And Consultants Llc | - | 21,252,464 | - |
| Acquistion of tribute contracting & consultants, net of cash aquired | - | - | 20,783,224 |
| Proceeds from sales of property and equipment | 110,776 | 453,713 | 724,961 |
| Net cash used in investing activities | -1,901,221 | -267,874 | -29,159,985 |
| Proceeds from long-term debt | - | -3,676,024 | 19,676,024 |
| Borrowings on lines of credit and short-term debt, net of (repayments) | -7,750,000 | 13,184,854 | 7,073,976 |
| Treasury stock purchased | 846,530 | 0 | 844,230 |
| Cash dividend on common stock | 501,342 | 501,555 | 1,002,668 |
| Principal payments on long-term debt | 3,352,369 | 2,551,276 | 6,752,876 |
| Net cash (used in) provided by financing activities | -12,450,241 | 6,455,999 | 18,150,226 |
| Increase in cash and cash equivalents | 4,438,625 | -3,096,826 | 2,412,198 |
| Cash and cash equivalents at beginning of period | 12,241,408 | 12,926,036 | - |
| Cash and cash equivalents at end of period | 16,680,033 | 12,241,408 | - |
Energy Services of America CORP (ESOA)
Energy Services of America CORP (ESOA)