For the quarter ending 2026-03-31, WHD had -$202,973K decrease in cash & cash equivalents over the period.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 40,221 | 48,302 | 50,188 | 103,152 |
| Depreciation and amortization | 36,761 | 16,162 | 16,188 | 31,564 |
| Change in fair value of earn-out liability | - | 0 | 0 | 0 |
| Payments pursuant to tax receivable agreement | - | -20,069 | 0 | 0 |
| Deferred financing cost amortization | 639 | 242 | 280 | 559 |
| Stock-based compensation | 7,039 | 6,018 | 6,104 | 12,371 |
| Provision for expected credit losses | 1,060 | 337 | 574 | 300 |
| Inventory obsolescence | 2,397 | 724 | 1,537 | 902 |
| Gain on disposal of assets | 65 | 884 | 1,712 | 389 |
| Gain from revaluation of liability related to tax receivable agreement and other | - | - | 221 | - |
| (gain) loss from revaluation of liability related to tax receivable agreement | - | -794 | - | - |
| Deferred income taxes | -479 | -12,464 | -9,903 | -12,775 |
| Accounts receivable | 63,179 | -35,906 | -6,252 | 15,715 |
| Inventories | 3,224 | 5,895 | 26,308 | 20,253 |
| Prepaid expenses and other assets | 1,136 | 8,305 | -3,359 | 1,009 |
| Accounts payable | 100,406 | 3,314 | -16,621 | 11,175 |
| Accrued expenses and other liabilities | 5,190 | -17,062 | 12,245 | -11,052 |
| Payment of earn-out liability | - | 0 | 0 | - |
| Contract liabilities | 1,683 | - | - | - |
| Net cash provided by operating activities | 128,271 | 72,269 | 61,768 | 124,380 |
| Acquisition of a business, net of cash and cash equivalents acquired | 301,011 | 0 | - | - |
| Investment in unconsolidated affiliate | 0 | 0 | 0 | 6,000 |
| Capital expenditures and other | 9,724 | 6,454 | 10,183 | 22,168 |
| Proceeds from sales of assets | 746 | 2,116 | 1,965 | 1,661 |
| Net cash used in investing activities | -309,989 | -4,338 | -8,218 | -26,507 |
| Proceeds from the issuance of long-term debt | - | 0 | - | - |
| Repayments of borrowings of long-term debt | - | 0 | - | - |
| Net proceeds from the issuance of class a common stock | - | 0 | - | - |
| Payment of contingent consideration | - | 0 | 0 | - |
| Payments of deferred financing costs | - | 2,400 | - | - |
| Payments on finance leases | 1,914 | 1,869 | 1,883 | 3,940 |
| Dividends paid to class a common stock shareholders | 10,214 | 9,648 | 9,640 | 18,153 |
| Distributions to members | 1,502 | 5,301 | 1,560 | 8,743 |
| Repurchases of shares | 7,899 | 13 | 204 | 5,710 |
| Net cash used in financing activities | -21,529 | -19,231 | -13,287 | -36,546 |
| Effect of exchange rate changes on cash and cash equivalents | 274 | 268 | 174 | 1,007 |
| Net increase in cash and cash equivalents | -202,973 | 48,968 | 40,437 | 62,334 |
| Beginning of period | 494,582 | -102,771 | 342,843 | - |
| End of period | 291,609 | 48,968 | 445,614 | - |
Cactus, Inc. (WHD)
Cactus, Inc. (WHD)