SHLS: the cashflow

MyFinsight

For the quarter ending 2025-09-30, SHLS had $3,903K increase in cash & cash equivalents over the period. $8,968K in free cash flow.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Cash Flow	2025-09-30	2025-06-30
Net income	11,879	13,573
Depreciation and amortization	3,362	6,622
Amortization/write off of deferred financing costs	156	311
Gain on sale of asset	-7	3,134
Equity-based compensation	2,419	5,255
Provision for obsolete or slow-moving inventory	473	617
Provision for warranty expense	0	256
Deferred taxes	3,982	6,592
Accounts receivable	14,032	25,251
Unbilled receivables	-2,156	-10,973
Inventory	3,924	1,539
Other assets	-4,914	2,449
Accounts payable	6,467	6,099
Accrued expenses and other	7,724	3,937
Warranty liability	12,190	21,463
Deferred revenue	6,024	1,338
Net cash provided by operating activities	19,417	1,737
Purchases of property, plant and equipment	10,449	15,430
Proceeds from sale of property, plant and equipment	0	5,088
Net cash used in investing activities	-10,449	-10,342
Employee withholding taxes related to net settled equity awards	65	279
Payments on term loan facility-Secured Debt	0	0
Proceeds from revolving credit facility	20,000	30,000
Payments on term loan facility-Revolving Credit Facility	25,000	40,000
Deferred financing costs	0	0
Repurchase of class a common stock	0	0
Excise taxes on treasury stock transactions	0	-59
Net cash used in financing activities	-5,065	-10,220
Net decrease in cash and cash equivalents	3,903	-18,825
Cash and cash equivalents at beginning of period	23,511	-
Cash and cash equivalents at end of period	8,589	-

Unit: Thousand (K) dollars