Company: NINE
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001532286-25-000016
Chunk: 18

Company: Nine Energy Service, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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Six Months Ended June 30, 20252024Cash flows from operating activities  Net loss$(17,452)$(22,096)Adjustments to reconcile net loss to net cash provided by operating activitiesDepreciation11,633 13,336 Amortization of intangibles5,592 5,592 Amortization of operating leases7,135 6,631 Amortization of deferred financing costs and non-cash interest6,322 3,657 Provision for doubtful accounts51 345 Provision for inventory obsolescence1,135 558 Stock-based compensation expense1,289 1,388 Loss on sale of property and equipment366 1 Loss (gain) on revaluation of contingent liability73 (192)Changes in operating assets and liabilitiesAccounts receivable, net(12,834)3,694 Inventories, net(4,340)(5,883)Prepaid expenses and other current assets592 1,849 Accounts payable and accrued expenses12,633 2,692 Income taxes receivable/payable417 (186)Operating lease obligations(7,068)(6,539)Other assets and liabilities(733)(790)Net cash provided by operating activities4,811 4,057 Cash flows from investing activitiesProceeds from sales of property and equipment107 34 Purchases of property and equipment(9,853)(8,127)Net cash used in investing activities(9,746)(8,093)Cash flows from financing activitiesProceeds from issuance of common stock under ATM program— 6,780 Proceeds from revolving credit facilities52,946 — Payments on revolving credit facilities(51,000)(5,000)Payments of short-term debt(2,667)(2,129)Cost of debt issuance(4,507)— Principal payments on finance leases(20)(27)Payments of contingent liability(223)(343)Net cash used in financing activities(5,471)(719)Impact of foreign currency exchange on cash281 (58)Net decrease in cash and cash equivalents(10,125)(4,813)Cash, cash equivalents, and restricted cashCash, cash equivalents, and restricted cash at beginning of period$27,880 $30,840 Cash, cash equivalents, and restricted cash at end of period$17,755 $26,027 Supplemental disclosures of cash flow information:Cash paid