Company: UONE
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001041657-25-000054
Chunk: 114

Company: URBAN ONE, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 114
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 days prior to the maturity of the Company’s 2028 Notes. The Current ABL Facility is subject to the terms of the Revolver Intercreditor Agreement (as defined in the Current ABL Facility) by and among the Administrative Agent and Wilmington Trust, National Association.

The following table provides a summary of our statements of cash flows for the nine months ended September 30, 2025, and 2024, respectively:

Nine Months Ended September 30,2025 2024(In thousands)Net cash flows provided by operating activities$8,129 $1,860 Net cash flows used in investing activities(7,315)(1,702)Net cash flows used in financing activities(58,578)(118,239)

Net cash flows provided by operating activities were approximately $8.1 million and $1.9 million for the nine months ended September 30, 2025, and 2024, respectively. Net cash flow from operating activities for the nine months ended September 30, 2025 increased primarily due to lower payments for content, offset by the decrease in reserve for audience deficiency. 

Cash flows from operations, cash and cash equivalents, and other sources of liquidity are expected to be available and sufficient to meet foreseeable cash requirements. 

Net cash flows used in investing activities were approximately $7.3 million and $1.7 million for the nine months ended September 30, 2025, and 2024, respectively. Net cash flows used in investing activities increased from the prior year primarily due to the cash receipts on disposition of station for approximately $3.8 million in the prior year. Additionally, we had capital expenditures of approximately $6.9 million and $5.7 million for the nine months ended September 30, 2025, and 2024, respectively.

Net cash flows used in financing activities were approximately $58.6 million and $118.2 million for the nine months ended September 30, 2025, and 2024, respectively. During the nine months ended September 30, 2025, and 2024, we paid approximately $51.9 million and $104.8 million, respectively, to repurchase approximately $96.7 million and $125.0 million of our 2028 Notes, respectively. We repurchased approximately $2.5 million of our Class A and D Common Stock during the nine months ended September 30, 2025.