Company: REX
Filing Date: 2025-09-02
Form Type: 10-Q
Source: 0000930413-25-002856
Chunk: 5

Company: REX AMERICAN RESOURCES Corp
Filing Date: 2025-09-02
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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 2,788 

    Balance at July 31, 2024 
     29,853  
    $299  
     12,286  
    $(190,957)  
    $5,961  
    $724,330  
    $76,553  
    $616,186 

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) 
    Six Months Ended July 31, 

    2025  
    2024 

    Cash flows from operating activities: 

    Net income including noncontrolling interests 
    $20,000  
    $27,280 

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

    Depreciation 
     7,101  
     8,824 

    Amortization of operating lease right-of-use assets 
     3,197  
     3,153 

    Amortization of finance lease right-of-use assets 
     475  
     - 

    Income from equity method investments 
     (1,897)  
     (3,465) 

    Dividends received from equity method investments 
     2,506  
     - 

    Interest income from investments 
     (2,999)  
     (3,292) 

    Deferred income tax 
     4,293  
     5,495 

    Stock-based compensation expense 
     1,022  
     1,772 

    Loss on disposal of property and equipment – net 
     172  
     78 

    Changes in assets and liabilities: 

    Accounts receivable 
     (3,317)  
     (1,077) 

    Inventories 
     44  
     (2,178) 

    Refundable income taxes 
     (2,022)  
     456 

    Other assets 
     (583)  
     (12,344) 

    Accounts payable, trade 
     (9,896)  
     (14,009) 

    Long-term taxes