Shoals Technologies Group, Inc. (SHLS) quarterly cash flow statement — complete operating, investing & financing history
Shoals Technologies Group, Inc. (SHLS) cash flow statement — 8-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | 28.85M | 6.81M | -41.45M | -4.09M | 19.42M | -13.82M | 15.56M | 13.99M | 15.7M | 37.84M | 12.86M | 26.45M | 27.67M | 27.92M | 9.91M | 34.44M | 11.76M | 19.12M | -25.86M | 2.6M |
| Operating CF Margin % | 14.77% | 4.17% | -29.49% | -2.76% | 14.3% | -12.47% | 19.36% | 13.07% | 15.37% | 38.13% | 14.16% | 20.28% | 20.62% | 23.42% | 9.43% | 36.39% | 12.95% | 26.01% | -38.04% | 5.4% |
| Operating CF Growth % | 48.59% | 149.26% | -366.41% | -129.22% | 23.68% | -136.52% | 20.98% | -47.11% | -43.27% | 35.53% | 29.73% | -23.21% | 135.38% | 46.06% | 138.33% | 1226.69% | 58.13% | 421.58% | -45.45% | -83.74% |
| Net Income | 17.87M | 12.14M | -297K | 8.12M | 11.88M | 13.86M | -282K | 7.82M | -267K | 11.8M | 4.77M | 16.58M | -9.83M | 18.92M | 16.98M | 118.3M | 12.76M | 7.3M | 4.65M | -2.15M |
| Depreciation & Amortization | 5.07M | 4.63M | 4.1M | 3.83M | 3.36M | 3.33M | 3.29M | 3.29M | 3.15M | 3.18M | 3M | 2.79M | 2.65M | 2.58M | 2.51M | 2.51M | 2.6M | 2.71M | 2.69M | 2.71M |
| Stock-Based Compensation | 4.1M | 4.38M | 3.32M | 2.23M | 2.42M | 2.59M | 2.66M | 3.84M | 1.28M | 4.09M | 5.02M | 3.8M | 5.09M | 4.45M | 7.52M | 4.22M | 3.99M | 4.07M | 3.83M | 4.88M |
| Deferred Taxes | 6.22M | 3.36M | -89K | 5.56M | 3.98M | 4.3M | 2.29M | 5.85M | 1.67M | 4.02M | 2.5M | 8.88M | -6.5M | 5.95M | 3M | 3.11M | 2.45M | 1.43M | 1.42M | -4.13M |
| Other Non-Cash Items | 7.52M | 17.3M | 8.22M | 4.71M | 636K | -2.62M | 665K | 1.32M | 17.54M | 1.45M | 3.19M | 2.37M | 51.18M | 10.53M | 2.98M | -102.04M | 339K | 851K | 276K | -1.58M |
| Working Capital Changes | -11.92M | -35M | -56.7M | -28.54M | -2.86M | -35.29M | 6.94M | -8.13M | -7.67M | 13.3M | -5.63M | -7.97M | -14.92M | -14.52M | -23.08M | 8.34M | -10.38M | 2.76M | -38.73M | 2.87M |
| Change in Receivables | -15.09M | -5.62M | 6.58M | -25.76M | -11.88M | -35.18M | 20.9M | 10.08M | -26.16M | 17.53M | 20.45M | -9.86M | -18.63M | -23.68M | -28.1M | 20.88M | -10.81M | -871K | -28M | 10.11M |
| Change in Inventory | 35.59M | -27.45M | -69.63M | -29.64M | -3.92M | 3.91M | -5.45M | 8.71M | -6.89M | -907K | -6.76M | 6.75M | 6.85M | 4.6M | -3.2M | 6.67M | -16.2M | -16.29M | -11.11M | -8.68M |
| Change in Payables | -38.34M | -14.36M | 15.22M | 30.75M | 6.47M | -583K | 6.68M | -3.71M | 7.56M | 459K | 1.33M | -2.22M | 376K | -5.51M | 12.52M | -12.21M | -2.87M | 6.17M | -2.11M | 1.32M |
| Cash from Investing | -2.84M | -7.01M | -7.65M | -7.16M | -10.45M | -7.13M | -3.21M | -1.53M | -2.38M | -2M | -2.48M | -2.94M | -3.53M | -2.37M | -2M | -761K | -747K | -1.27M | -882K | -1.64M |
| Capital Expenditures | -2.84M | -7.01M | -7.65M | -7.16M | -10.45M | -12.22M | -3.21M | -1.53M | -2.38M | -2M | -2.48M | -2.94M | -3.27M | -2.37M | -2M | -761K | -244K | -1.27M | -882K | -1.64M |
| CapEx % of Revenue | 1.45% | 4.29% | 5.44% | 4.83% | 7.69% | 11.03% | 3.99% | 1.43% | 2.33% | 2.02% | 2.73% | 2.25% | 2.43% | 1.99% | 1.91% | 0.8% | 0.27% | 1.72% | 1.3% | 3.42% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 5.09M | 0 | 0 | 0 | 0 | 0 | 0 | -269K | 0 | 0 | 0 | -503K | 0 | 0 | 0 |
| Cash from Financing | -34.06M | 14.05M | 43.65M | 9.98M | -5.07M | -9.97M | -251K | -52K | -5.41M | -47.89M | -17.85M | -10.03M | -20.78M | -26.15M | -10.22M | -56.53M | -3.2M | -7.13M | 30.27M | -5.58M |
| Debt Issued (Net) | -33M | 15M | 45M | 10M | -5M | -10M | 0 | 0 | -5M | -22M | -15M | -10M | -20.5M | -25.5M | -3.5M | -38.14M | 0 | -5.5M | 34.5M | -5.5M |
| Equity Issued (Net) | 0 | 0 | -1.35M | 0 | 0 | 0 | -251K | -52K | -100K | 0 | 0 | 0 | 0 | 0 | 0 | 42.94M | 0 | 0 | 0 | 124.31M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | -1.35M | 0 | 0 | 0 | -251K | -52K | -100K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -1.06M | -946K | 0 | -18K | -65K | 31K | 0 | 0 | -305K | -25.89M | -2.85M | -28K | -276K | -647K | -6.72M | -61.33M | -3.2M | -1.63M | -4.24M | -124.4M |
| Net Change in Cash | -8.05M | 13.85M | -5.44M | -1.27M | 3.9M | -30.92M | 12.1M | 12.4M | 7.92M | -12.05M | -7.47M | 13.48M | 3.36M | -600K | -2.31M | -22.85M | 7.81M | 10.72M | 3.52M | -4.63M |
| Free Cash Flow | 26.01M | -207K | -49.1M | -11.25M | 8.97M | -26.04M | 12.35M | 12.46M | 13.32M | 35.84M | 10.38M | 23.51M | 24.41M | 25.55M | 7.91M | 33.68M | 11.51M | 17.85M | -26.74M | 953K |
| FCF Margin % | 13.32% | -0.13% | -34.93% | -7.59% | 6.6% | -23.49% | 15.37% | 11.64% | 13.04% | 36.11% | 11.43% | 18.02% | 18.19% | 21.43% | 7.53% | 35.58% | 12.68% | 24.29% | -39.34% | 1.98% |
| FCF Growth % | 190.08% | 99.21% | -497.57% | -190.32% | -32.68% | -172.66% | 19% | -47.02% | -45.42% | 40.29% | 31.19% | -30.19% | 112.01% | 43.13% | 129.58% | 3434.1% | 72.14% | 539.29% | -43.44% | -93.86% |
| FCF per Share | 0.15 | -0.00 | -0.29 | -0.07 | 0.05 | -0.16 | 0.07 | 0.07 | 0.08 | 0.21 | 0.06 | 0.14 | 0.14 | 0.15 | 0.05 | 0.20 | 0.10 | 0.16 | -0.24 | 0.01 |
| FCF Conversion (FCF/Net Income) | 1.61x | 0.56x | 139.56x | -0.50x | 1.63x | -1.00x | -55.17x | 1.79x | 5.00x | 3.21x | 2.69x | 1.59x | -2.82x | 1.48x | 0.69x | 0.31x | 1.48x | 4.34x | -9.80x | -1.41x |
| Interest Paid | 3.55M | 3.04M | 2.59M | 2.36M | 2.5M | 1.98M | 2.28M | 2.83M | 2.89M | 3.27M | 7.3M | 5.72M | 6.08M | 6.11M | 5.19M | 4.46M | 2.25M | 3.42M | 2.71M | 3.13M |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3K | -14K | 61K | 59K | 333K | 126K | 684K | 181K | 19K | 59K | 671K | 37K | 14K |