Company: ZEUS
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001437749-25-004742
Chunk: 38

Company: OLYMPIC STEEL INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1C
Chunk 38
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  2022  
             
 Net income  $22,980  $44,529  $90,931 
 Adjustments to reconcile net income to net cash from (used for) operating activities -             
 Depreciation and amortization   30,913   27,176   20,206 
 Loss (gain) on disposition of property and equipment   199   (133)  (2,185)
 Stock-based compensation   1,997   1,817   1,297 
 Other long-term assets   (7,922)  (1,257)  1,304 
 Deferred income taxes and other long-term liabilities   5,747   8,950   235 
   53,914   81,082   111,788 
 Changes in working capital:             
 Accounts receivable   27,166   44,576   64,781 
 Inventories   (640)  51,538   68,098 
 Prepaid expenses and other   357   (2,324)  792 
 Accounts payable   (39,567)  10,568   (52,274)
 Change in outstanding checks   429   1,576   5,071 
 Accrued payroll and other accrued liabilities   (7,980)  (11,857)  (12,403)
   (20,235)  94,077   74,065 
 Net cash from operating activities   33,679   175,159   185,853 
             
 Cash flows from (used for) investing activities:             
 Acquisitions   (80,000)  (169,768)  - 
 Capital expenditures   (29,487)  (21,326)  (19,854)
 Proceeds from disposition of property and equipment   61   251   3,293 
 Net cash used for investing activities   (109,426)  (190,843)  (16,561)
             
 Cash flows from (used for) financing activities:             
 Credit facility revolver borrowings   681,852   743,030   685,269 
 Credit facility revolver repayments   (599,594)  (718