For the year ending 2025-12-31, TISI had -$17,400K decrease in cash & cash equivalents over the period. -$20,637K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net loss | -49,210 |
| Depreciation and amortization | 34,082 |
| Loss on debt extinguishment | -13,136 |
| Amortization of debt issuance costs, debt discounts, and deferred financing costs | 5,065 |
| Paid-in-kind (pik) interest | 10,650 |
| Allowance for credit losses | 2,606 |
| Foreign currency loss (gain) | -3,274 |
| Deferred income taxes | 15 |
| Loss (gain) on asset disposal | 226 |
| Non-cash compensation costs | 795 |
| Other, net | 225 |
| Accounts receivable | 3,641 |
| Inventory | 2,636 |
| Prepaid expenses and other assets | -151 |
| Accounts payable | -2,932 |
| Other accrued liabilities | -19,877 |
| Income taxes | -2,345 |
| Net cash provided by (used in) operating activities | -11,348 |
| Capital expenditures | 9,289 |
| Proceeds from disposal of assets | 228 |
| Net cash used in investing activities | -9,061 |
| Borrowings under revolving credit loans-Revolving Credit Loans | 188,000 |
| Payments under revolving credit loans-Revolving Credit Loans | 207,118 |
| Borrowings under first lien term loan-HPSFirst Lien Term Loan | 175,000 |
| Payments under first lien term loan, 2025 second lien term loan, corre delayed draw term loan and me/re loans-HPSFirst Lien Term Loan | 1,312 |
| Payments under first lien term loan, 2025 second lien term loan, corre delayed draw term loan and me/re loans-Corre Second Lien Term Loan | 41,803 |
| Payments under corre incremental term loan | 48,015 |
| Payments under first lien term loan, 2025 second lien term loan, corre delayed draw term loan and me/re loans-Delayed Draw Term Loan | 35,700 |
| Payments under corre uptiered loan-Corre Uptier Debt | 55,894 |
| Payments under first lien term loan, 2025 second lien term loan, corre delayed draw term loan and me/re loans-MERELoans | 23,427 |
| Proceeds from issuance of series b preferred stock and warrants | 75,000 |
| Issuance cost related to series b preferred stock and warrants | 7,774 |
| Payments for debt issuance costs | 11,337 |
| Other | -2,813 |
| Net cash provided by (used in) financing activities | 2,807 |
| Effect of exchange rate changes on cash | 202 |
| Net increase (decrease) in cash and cash equivalents | -17,400 |
| Cash and cash equivalents at beginning of period | 35,545 |
| Cash and cash equivalents at end of period | 18,145 |
TEAM INC (TISI)
TEAM INC (TISI)