SHLS: the cash flow

MyFinsight

For the year ending 2025-12-31, SHLS had -$16,191K decrease in cash & cash equivalents over the period. -$15,976K in free cash flow.

Cash Flow	2025-12-31
Income from operations	56,385
Non-operating income/(expense)	-7,867
Income tax expense	14,944
Net income	33,574
Depreciation and amortization	13,817
Amortization/write off of deferred financing costs	622
Equity-based compensation	9,902
Provision for credit losses	0
Provision for obsolete or slow-moving inventory	1,206
Provision for warranty expense	522
Deferred taxes	16,132
Other	1,049
Accounts receivable	50,612
Unbilled receivables	1,299
Inventory	35,107
Other assets	-1,822
Accounts payable	43,320
Accrued expenses and other	4,790
Warranty liability	40,965
Deferred revenue	18,294
Net cash provided by operating activities	17,067
Purchases of property, plant and equipment	33,043
Proceeds from sale of property, plant and equipment	5,088
Other	0
Net cash used in investing activities	-27,955
Distributions to non-controlling interests	0
Employee withholding taxes related to net settled equity awards	362
Deferred financing costs	0
Payments on/ repayments of credit facilities-Secured Debt	0
Proceeds from revolving credit facility	60,000
Payments on/ repayments of credit facilities-Revolving Credit Facility	65,000
Repurchase of class a common stock	0
Excise taxes on treasury stock transactions	59
Deferred offering costs	0
Net cash used in financing activities	-5,303
Net increase (decrease) in cash, cash equivalents	-16,191
Cash, cash equivalentsbeginning of period	23,511
Cash, cash equivalentsend of period	7,320

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