For the year ending 2025-12-31, LMB had -$33,585K decrease in cash & cash equivalents over the period. $41,893K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income | 39,064 |
| Depreciation and amortization | 18,133 |
| Noncash operating lease expense | 4,077 |
| Provision for credit losses | 404 |
| Non-cash stock-based compensation expense | 7,016 |
| Loss on early debt extinguishment | 0 |
| Amortization of debt issuance costs | 54 |
| Deferred income tax provision | 2,614 |
| Gain on sale of property and equipment | 1,684 |
| Loss (gain) on change in fair value of interest rate swap | -191 |
| Acquisition-related retention expense and contingent consideration | 1,985 |
| Accounts receivable | -4,466 |
| Contract assets and contract liabilities, net | 24,779 |
| Other current assets | -3,220 |
| Accounts payable, including retainage | 5,288 |
| Income tax receivable | 0 |
| Accrued income taxes | -318 |
| Accrued expenses and other current liabilities | -8,918 |
| Operating lease liabilities | -3,999 |
| Payment of contingent consideration liability in excess of acquisition-date fair value | 1,523 |
| Other long-term liabilities | 409 |
| Net cash provided by operating activities | 45,700 |
| Net of cash acquired-Pioneer Power Inc. | 65,651 |
| Net of cash acquired-Kent Island | 0 |
| Net of cash acquired-Consolidated Mechanical | 3 |
| Net of cash acquired-ACMEIndustrial Piping LLC | 0 |
| Net of cash acquired-Industrial Air Transaction | 0 |
| Proceeds from sale of property and equipment | 1,875 |
| Purchase of property and equipment | 3,807 |
| Advances from joint ventures | 0 |
| Net cash used in investing activities | -67,586 |
| Payments on wintrust term loans | 0 |
| Proceeds from wintrust revolving loan | 73,843 |
| Payments on wintrust revolving loan | 73,843 |
| Payment of contingent consideration liability up to acquisition-date fair value | 3,477 |
| Payments on finance leases | 4,367 |
| Proceeds from contributions to employee stock purchase plan | 653 |
| Proceeds from the sale of shares to cover employee taxes | 6,344 |
| Taxes paid related to net-share settlement of equity awards | 10,684 |
| Payments of debt issuance costs | 168 |
| Net cash used in financing activities | -11,699 |
| (decrease) increase in cash, cash equivalents and restricted cash | -33,585 |
| Cash, cash equivalents and restricted cash, beginning of year | 44,995 |
| Cash, cash equivalents and restricted cash, end of year | 11,410 |
Limbach Holdings, Inc. (LMB)
Limbach Holdings, Inc. (LMB)