Company: NINE
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001532286-25-000008
Chunk: 104

Company: Nine Energy Service, Inc.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 8
Chunk 104
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32,213)Adjustments to reconcile net loss to net cash provided by operating activitiesDepreciation25,594 29,141 Amortization of intangibles11,183 11,516 Amortization of operating leases13,256 12,524 Amortization of deferred financing costs7,602 7,413 Provision for doubtful accounts526 333 Provision for inventory obsolescence1,738 2,320 Stock-based compensation expense2,946 2,169 Loss on sale of property and equipment256 292 Loss on revaluation of contingent liability104 437 Changes in operating assets and liabilitiesAccounts receivable, net6,724 16,489 Inventories, net1,710 5,219 Prepaid expenses and other current assets(995)1,148 Accounts payable and accrued expenses(2,092)1,058 Income taxes receivable/payable212 252 Operating lease obligations(13,080)(12,344)Other assets and liabilities(1,407)(245)Net cash provided by operating activities13,195 45,509 Cash flows from investing activitiesProceeds from sales of property and equipment585 606 Proceeds from property and equipment casualty losses— 840 Purchases of property and equipment(14,763)(24,603)Net cash used in investing activities(14,178)(23,157)Cash flows from financing activitiesProceeds from issuance of common stock under ATM program8,249 — Proceeds from Units offering, net of discount— 279,750 Redemption of 2023 Notes— (307,339)Cost of debt issuance— (6,290)Proceeds from ABL Credit Facility3,000 40,000 Payments on ABL Credit Facility(13,000)(15,000)Proceeds from short-term debt5,762 4,733 Payments of short-term debt(5,041)(4,141)Principle payments on finance leases(49)(217)Payments of contingent liability(604)(387)Vesting of restricted stock and stock units— (2)Net cash used in financing activities(1,683)(8,893)Impact of foreign currency exchange on cash(294)(64)Net (decrease) increase in cash and cash equivalents(2,960)13,395 Cash and cash equivalents

F-6

Year Ended December 31, 202420