Company: WBI
Filing Date: 2025-08-04
Form Type: DRS/A
Source: 0000950123-25-006924
Chunk: 162

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-08-04
Form: DRS/A
Chunk 162
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28,349 | ) |     |            |    (5,443 | ) |     |        |         19 | %  |     |               |      250,217 |   |     |      |  128,787 |   |     |            |   121,430 |   |     |        |         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 $50.3 million 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.

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Net Cash Used in Investing Activities.Net cash used in investing activities decreased $47.8 million 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.

Net Cash Used in Financing Activities.Net cash used in financing activities increased $5.4 million 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