For the quarter ending 2026-03-31, TPB had -$30,017K decrease in cash & cash equivalents over the period. -$27,398K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Consolidated net income | 13,942 | 11,644 | 23,757 | 32,751 |
| Loss from discontinued operations, net of tax | - | 0 | 0 | 0 |
| Loss on extinguishment of debt | 0 | 0 | 0 | -1,235 |
| Loss on sale of property, plant, and equipment | 0 | -59 | -2 | -45 |
| Gain on insurance recovery of inventory loss | - | 0 | - | - |
| Gain on msa investments | - | 0 | 0 | 0 |
| Income from equity method investment | 2,983 | -3,487 | 2,328 | - |
| Gain on investments | 15 | 0 | 678 | -194 |
| Depreciation and other amortization expense | 1,753 | 1,688 | 1,596 | 2,893 |
| Amortization of other intangible assets | 306 | 321 | 306 | 612 |
| Amortization of deferred financing costs | 421 | 421 | 421 | 872 |
| Deferred income tax expense | 96 | 4,241 | 1,974 | 2,716 |
| Stock compensation expense | 2,938 | 1,798 | 1,884 | 3,292 |
| Noncash lease income | -807 | -592 | -477 | -728 |
| Accounts receivable | 1,941 | -2,137 | -2,253 | 20,504 |
| Inventories | 21,700 | -4,828 | 7,808 | 8,604 |
| Other current assets | 8,062 | 6,004 | 13,923 | 5,486 |
| Other assets | 108 | -6,143 | 6,891 | 4,087 |
| Accounts payable | 15,637 | -4,106 | -1,478 | 14,187 |
| Accrued liabilities and other | -21,736 | -1,206 | 4,675 | 9,842 |
| Operating cash flows from continuing operations | - | 24,859 | 3,285 | 29,230 |
| Operating cash flows from discontinued operations | - | 0 | 0 | 0 |
| Net cash (used in) provided by operating activities | -22,259 | 24,859 | 3,285 | 29,230 |
| Capital expenditures | 5,139 | 3,347 | 4,006 | 6,176 |
| Proceeds on sale of property, plant and equipment | - | 0 | 0 | 0 |
| Purchase of options agreement | - | 0 | 8,000 | - |
| Payment for equity investments | 0 | 0 | 0 | 2,783 |
| Purchases of investments | 2,283 | 879 | 8,797 | 4,079 |
| Proceeds from sale of investments | 2,351 | 904 | 999 | 4,460 |
| Purchases of non-marketable equity investments | - | - | 0 | 0 |
| Msa escrow deposits, net | -5 | -35 | -46 | 48 |
| Investing cash flows from continuing operations | - | -3,287 | -19,758 | -8,626 |
| Investing cash flows from discontinued operations | - | 0 | 0 | 0 |
| Net cash used in investing activities | -5,066 | -3,287 | -19,758 | -8,626 |
| Convertible senior notes repurchased | - | 0 | - | - |
| Payment of 2026 senior notes | - | 0 | - | 250,000 |
| Redemption of 2026 notes | -250,000 | - | 250,000 | - |
| Proceeds from 2032 notes | 0 | 0 | 0 | 300,000 |
| At the market offering proceeds | - | 0 | 97,499 | - |
| Redemption of 2026 notes-Convertible Senior Notes | - | - | 0 | - |
| Interchange subscription agreement | - | 0 | 11,000 | - |
| Proceeds from call options | - | 0 | - | - |
| Payment of dividends | 1,671 | 1,430 | 1,358 | 2,731 |
| Payment of financing costs | 0 | 0 | 34 | 7,251 |
| Exercise of options | 323 | 1,455 | 1,185 | 4,921 |
| Issuance of performance based restricted stock units | - | -1 | 1 | - |
| Redemption of options | 0 | 0 | 0 | 33 |
| Common stock repurchased | - | 0 | 0 | 0 |
| Issuance of restricted stock units | - | -1 | 2 | - |
| Financing cash flows from continuing operations | - | 24 | 107,938 | 40,312 |
| Redemption of restricted stock units | 330 | 0 | 354 | 1,970 |
| Financing cash flows from discontinued operations | - | 0 | 0 | 0 |
| Redemption of performance based restricted stock units | 1,014 | 1 | 1 | 2,624 |
| Net cash (used in) provided by financing activities | -2,692 | 24 | 107,938 | 40,312 |
| Net (decrease) increase in cash | -30,017 | 21,596 | 91,465 | 60,916 |
| Effect of exchange rate changes on cash | - | - | -182 | - |
| Cash and cash equivalents at beginning of period | - | - | 50,902 | - |
| Cash and cash equivalents at end of period | - | - | 203,101 | - |
Turning Point Brands, Inc. (TPB)
Turning Point Brands, Inc. (TPB)