Company: BWMN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001628280-25-012365
Chunk: 12

Company: Bowman Consulting Group Ltd.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 15
Chunk 12
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778)Net cash provided by operating activities24,301 11,722 Cash Flows from Investing Activities:Purchases of property and equipment(626)(2,093)Proceeds from sale of assets and disposal of leases478 411 Payments received under loans to shareholders11 115 Purchase of intangible asset(2,925)– Acquisitions of businesses, net of cash acquired(24,450)(25,687)Collections under stock subscription notes receivable46 98 Net cash used in investing activities(27,466)(27,156)Cash Flows from Financing Activities:Proceeds from common stock offering, net of underwriting discounts and commissions and other offering costs47,151 – (Repayments) Borrowings under revolving credit facility(8,290)45,290 Repayments under fixed line of credit(345)(430)Proceeds from notes payable6,209 – Repayment under notes payable(16,267)(11,237)Proceeds from finance leases4,569 – Payments on finance leases(9,010)(6,782)Payment of contingent consideration from acquisitions(2,299)– Payments for purchase of treasury stock(11,143)(4,833)Repurchases of common stock(23,348)(745)Proceeds from the issuance of common stock1,949 1,576 Net cash (used) provided by financing activities(10,824)22,839 Net (decrease) increase in cash and cash equivalents(13,989)7,405 Cash and cash equivalents, beginning of period20,687 13,282 Cash and cash equivalents, end of period$6,698 $20,687 Supplemental disclosures of cash flow information:Cash paid for interest$6,555 $4,212 Cash paid for income taxes$8,454 $1,133 Non-cash investing and financing activitiesProperty and equipment acquired under finance lease$(11,851)$(8,246)Note payable converted to common shares$(3,368)$(1,343)Issuance of notes payable for acquisitions$(21,625)$(13,650)Issuance of contingent consideration$(2,030)$(10,379)Settlement of contingent consideration$1,868 $– 

The accompanying notes are an integral part of these consolidated financial statements.

F-7

Table of Content

BOWMAN CONSULTING GROUP LTD.

NOTES