Company: REX
Filing Date: 2025-12-04
Form Type: 10-Q
Source: 0000930413-25-003566
Chunk: 5

Company: REX AMERICAN RESOURCES Corp
Filing Date: 2025-12-04
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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    $564,140  
    $82,109  
    $646,600 

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

7

REX AMERICAN RESOURCES CORPORATION AND SUBSIDIARIES

Consolidated Statements of Cash Flows

Unaudited

    (In Thousands) 
    Nine Months Ended October 31, 

    2025  
    2024 

    Cash flows from operating activities: 

    Net income including noncontrolling interests 
    $47,469  
    $57,383 

    Adjustments to reconcile net income to net cash provided by operating activities: 

    Depreciation 
     11,007  
     12,433 

    Amortization of operating lease right-of-use assets 
     4,859  
     4,192 

    Amortization of finance lease right-of-use assets 
     949  
     - 

    Income from equity method investments 
     (6,285)  
     (7,086) 

    Dividends received from equity method investments 
     2,506  
     3,007 

    Interest income from investments 
     (3,707)  
     (4,219) 

    Deferred income taxes 
     6,590  
     11,934 

    Stock-based compensation expense 
     3,636  
     2,980 

    Loss on disposal of property and equipment – net 
     191  
     45 

    Changes in assets and liabilities: 

    Accounts receivable 
     (5,931)  
     854 

    Inventories 
     4,001  
     (2,143) 

    Refundable income taxes 
     378  
     172 

    Other assets 
     904  
     (12,639) 

    Accounts payable, trade 
     2,961  
     (21,629) 

    Long-term taxes payable 
     3,509  
     - 

    Other liabilities 
     (8,990)  
     (6,178) 

    Net cash provided by operating activities 
     64,047  
     39,106