NESR: the cash flow

MyFinsight

For the quarter ending 2026-03-31, NESR had -$30,991K decrease in cash & cash equivalents over the period. -$5,259K in free cash flow.

Cash Flow	2026-03-31
Net income	23,827
Depreciation and amortization	33,779
Share-based compensation expense	2,502
(gain) loss on disposal of assets	373
Non-cash interest expense (income)	-192
Deferred tax expense (benefit)	1,132
Allowance for doubtful receivables and unbilled revenue	480
Charges on obsolete service inventories	853
Other operating activities, net	25
(increase) decrease in accounts receivable	50,392
(increase) decrease in unbilled revenue	50,154
(increase) decrease in retention withholdings	-6,910
(increase) decrease in inventories	2,224
(increase) decrease in prepaid assets	-3,531
(increase) decrease in other current assets	-429
(increase) decrease in other long-term assets and liabilities	1,934
Increase (decrease) in accounts payable and accrued expenses	61,419
Increase (decrease) in other current liabilities	1,127
Net cash provided by operating activities	30,745
Capital expenditures	36,004
Proceeds from disposal of assets	402
Other investing activities	833
Net cash used in investing activities	-36,435
Repayments of long-term debt	16,125
Proceeds from short-term borrowings	19,587
Repayments of short-term borrowings	26,498
Payments on capital leases	1,000
Payments on seller-provided financing for capital expenditures	1,265
Net cash used in financing activities	-25,301
Net increase (decrease) in cash, cash equivalents, and restricted cash	-30,991
Cash and cash equivalents, beginning of period	132,696
Cash, cash equivalents, and restricted cash, end of period (note 2)	101,705

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.