Company: WBI
Filing Date: 2025-04-18
Form Type: DRS
Source: 0000950123-25-003575
Chunk: 134

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-04-18
Form: DRS
Chunk 134
---
 |  94 | %  |
| Net increase (decrease) in cash and cash equivalents |     | $             |                        9,845 |   |     | $ |                       17,811 |   |     | $ |        (7,966 | ) |     | (45 | )% |     | $             |                          415 |   |     | $ |                        5,980 |   |     | $ |        (5,565 | ) |     | (93 | )% |

WaterBridge Equity Finance LLC Net Cash Provided by Operating Activities. Net cash provided by operating activities decreased for the year ended December 31, 2024 as compared to the year ended December 31, 2023. The net decrease was primarily attributable to a higher net loss, net of non-cash items, of $36.6 million related to lower produced water handling revenues. Additionally, changes in working capital items, other than cash, resulted in a decrease of $13.7 million primarily attributable to lower accrued expenses related to timing of interest paid on the WBM Term Loan (defined below) and WBM Revolving Credit Facility (defined below) partially offset by lower accounts receivable related to timing of customer payments and revenues. Net Cash Used in Investing Activities. Net cash used in investing activities decreased for the year ended December 31, 2024 as compared to the year ended December 31, 2023. The net decrease was primarily attributable to lower capital expenditures, inclusive of changes in associated working capital items, of $46.5 million related to lower capital spend required to service our produced water handling contracts and volume, and expansion of our water handling infrastructure network.

<div align='center'>82</div>

Net Cash Used in Financing Activities.Net cash used in financing activities increased for the year ended December 31, 2024 as compared to the year ended December 31, 2023. Net cash used in financing for the year ended December 31, 2024 totaled $33.8 million consisting of $26.3 million in note repayments associated with the WBEF Preferred Units, insurance and equipment financing notes. Additionally, we made distributions of $8.9 million to the Legacy Preferred Holder.

Net cash used in financing activities for the year ended December 31, 2023 totaled $28.3 million consisting of a $150.0 million redemption payment to the Series A-1 preferred units holder and $63.3 million in repayments on the