Company: BWMN
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-039001
Chunk: 9

Company: Bowman Consulting Group Ltd.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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007–433–––––433 Other comprehensive loss, net of tax–––––(64)––(64)Repurchases of common stock–– – (410,563)(9,458)– – – (9,458)Net income–––––––4,2654,265 Balance at June 30, 202521,706,804$217 $341,727 (4,465,824)$(74,253)$1,082 $(9)$(19,121)$249,643     

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

6

BOWMAN CONSULTING GROUP LTD.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Amounts in thousands)

(Unaudited)

For the Six Months Ended June 30,20252024Cash Flows from Operating Activities:Net income (loss)$4,265 $(3,640)Adjustments to reconcile net income (loss) to net cash provided by operating activitiesDepreciation and amortization - property, plant and equipment7,932 6,023 Amortization of intangible assets5,133 7,154 Loss (gain) on sale of assets176 (311)Credit losses745 656 Stock based compensation9,694 13,876 Deferred taxes(12,185)5,348 Accretion of discounts on notes payable404 307 Other(35)– Changes in operating assets and liabilities, net of acquisition of businessesAccounts receivable(8,112)(6,080)Contract assets(8,656)(4,366)Prepaid expenses and other assets5,945 4,063 Accounts payable and accrued expenses5,573 (15,633)Contract liabilities5,414 (1,809)Net cash provided by operating activities16,293 5,588 Cash Flows from Investing Activities:Purchases of property and equipment(1,119)(600)Fixed assets converted to lease financing– (29)Proceeds from sale of assets and disposal of leases102 317 Payments received under loans to shareholders– 54 Proceeds from notes receivable718 – Acquisitions of businesses, net of cash acquired(1,559)(20,347)Collections under stock subscription notes receivable21 23 Net cash used in investing activities(1,837)(20,582)Cash Fl