Company: TISI
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0000318833-25-000015
Chunk: 12

Company: TEAM INC
Filing Date: 2025-03-19
Form: 10-K
Item: Item 8
Chunk 12
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 and amortization36,295 37,872 Loss on debt extinguishment— 1,585 Write-off of software cost— 629 Amortization of debt issuance costs, debt discounts, and deferred financing costs6,226 18,725 Paid-in-kind (PIK) interest14,441 14,526 Allowance for credit losses845 267 Foreign currency loss (gain)(2,231)734 Deferred income taxes(1,184)906 Loss (gain) on asset disposal7 (231)Non-cash compensation costs2,273 1,590 Other, net(345)(4,413)Changes in operating assets and liabilities:Accounts receivable3,736 7,335 Inventory(40)(2,058)Prepaid expenses and other assets(946)(7,527)Accounts payable6,582 2,818 Other accrued liabilities(6,515)(6,877)Income taxes1,889 (1,145)Net cash provided by (used in) operating activities22,767 (10,986)Cash flows from investing activities:Capital expenditures(9,465)(10,430)Proceeds from disposal of assets167 414 Net cash used in investing activities(9,298)(10,016)Cash flows from financing activities:Borrowings under Revolving Credit Loans31,500 39,792 Payments under Revolving Credit Loans(32,010)(26,293)Borrowings under Incremental Term Loan— 47,500 Payments under Incremental Term Loan(1,425)(319)Repayment of Convertible Debt— (41,161)Borrowings under ME/RE Loans— 27,398 Payments under ME/RE Loans(2,842)(1,575)Repayment of APSC Term Loan— (37,092)Payments for debt issuance costs (8,462)(9,102)Other492 (1,047)Net cash used in financing activities(12,747)(1,899)Effect of exchange rate changes on cash(604)253 Net increase (decrease) in cash and cash equivalents118 (22,648)Cash and cash equivalents at beginning of period35,427 58,075 Cash and cash equivalents at end of period$35,545 $35,427 

Supplemental disclosure of cash flow information:Cash paid during the year for:Interest$24,851