For the quarter ending 2026-03-31, FET had $2,827K increase in cash & cash equivalents over the period. $1,371K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Gain on sale-leaseback transactions | - | 0 | 4,279 | 6,903 |
| Loss on extinguishment of debt | - | 0 | 0 | 0 |
| Net income | 4,492 | 2,072 | -20,554 | 8,822 |
| Depreciation expense | 3,186 | 3,270 | 3,244 | 7,303 |
| Amortization of intangible assets | 4,616 | 4,571 | 4,619 | 10,748 |
| Impairment of property and equipment and other assets | - | -115 | 4,406 | - |
| Inventory write-down | 397 | 2,266 | 16,647 | 760 |
| Impairment of intangible assets | - | 0 | - | - |
| Provision for doubtful accounts | - | -193 | - | - |
| Stock-based compensation expense | 2,520 | 2,670 | 2,781 | 3,590 |
| Deferred income taxes | 846 | -8,599 | -406 | 3,670 |
| Other | 1,438 | 21 | 444 | 1,041 |
| Accounts receivabletrade | 14,810 | -4,882 | -7,308 | -2,504 |
| Inventories | -1,756 | -6,912 | 5,837 | -9,995 |
| Prepaid expenses and other current assets | -604 | 6,960 | -1,366 | -1,395 |
| Cost and estimated profit in excess of billings | -3,663 | 6,948 | -1,990 | -2,444 |
| Accounts payable, deferred revenue and other accrued liabilities | 7,292 | -18,027 | 14,847 | -15,060 |
| Billings in excess of costs and profits recognized | -5,355 | 5,521 | -542 | 7,018 |
| Proceeds from sale-leaseback transactions | - | 0 | 6,546 | 8,028 |
| Net cash provided by operating activities | 1,627 | 22,437 | 22,866 | 25,099 |
| Capital expenditures for property and equipment | 256 | 1,562 | 1,392 | 3,061 |
| Acquisition of businesses, net of cash acquired | - | 0 | 0 | 0 |
| Proceeds from sale of property and equipment | 3 | 844 | 106 | 57 |
| Net cash used in investing activities | -253 | -718 | 5,260 | 5,024 |
| Borrowings on credit facility | 137,934 | 163,578 | 127,420 | 271,326 |
| Repayments on credit facility | 120,163 | 169,081 | 146,993 | 299,360 |
| Proceeds from issuance of 2029 bonds | - | 0 | - | - |
| Cash paid to repurchase 2025 notes | - | - | 0 | 0 |
| Payments of 2025 notes | - | 0 | - | - |
| Proceeds from issuance of seller term loan | - | 0 | 0 | 0 |
| Payment of seller term loan | - | - | 0 | - |
| Payments of seller term loan | - | 0 | - | - |
| Payment of capital lease obligations | 417 | 196 | 681 | 732 |
| Deferred financing costs | 1,659 | 0 | 0 | 914 |
| Repurchases of stock | 4,569 | 13,492 | 14,825 | 6,295 |
| Payment of withheld taxes on stock-based compensation plans | 9,274 | 0 | 0 | 1,321 |
| Net cash provided by (used in) financing activities | 1,852 | -19,191 | -35,079 | -37,296 |
| Effect of exchange rate changes on cash | -399 | 440 | -321 | 1,479 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 2,827 | 2,968 | -7,274 | -5,694 |
| Cash, cash equivalents and restricted cash at beginning of period | 34,661 | 31,693 | 44,661 | - |
| Cash, cash equivalents and restricted cash at end of period | 37,488 | 34,661 | 31,693 | - |
FORUM ENERGY TECHNOLOGIES, INC. (FET)
FORUM ENERGY TECHNOLOGIES, INC. (FET)