BROADWIND INC
For the period ended Mar 31, 2024. Filed May 14, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 14, 2024
BWEN$2.96+4.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
(in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income | $1,510 | $769 |
| Adjustments to reconcile net cash provided by (used in) operating activities: | ||
| Depreciation and amortization expense | 1,596 | 1,605 |
| Deferred income taxes | (8) | (5) |
| Stock-based compensation | 225 | 178 |
| Allowance for doubtful accounts | (2) | 14 |
| Common stock issued under defined contribution 401(k) plan | 287 | 302 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 4,632 | (8,841) |
| AMP credit receivable | 5,319 | (3,162) |
| Contract assets | 800 | 46 |
| Inventories | 19 | (4,281) |
| Prepaid expenses and other current assets | 635 | 130 |
| Accounts payable | (4,005) | (784) |
| Accrued liabilities | (71) | 847 |
| Customer deposits | (5,097) | (12,799) |
| Other non-current assets and liabilities | 17 | (3) |
| Net cash provided by (used in) operating activities | 5,857 | (25,984) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchases of property and equipment | (1,744) | (1,065) |
| Net cash used in investing activities | (1,744) | (1,065) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| (Payments on) proceeds from line of credit, net | (4,657) | 16,945 |
| Proceeds from long-term debt | 1,244 | — |
| Payments on long-term debt | (325) | (634) |
| Principal payments on finance leases | (401) | (265) |
| Net cash (used in) provided by financing activities | (4,139) | 16,046 |
| NET DECREASE IN CASH | (26) | (11,003) |
| CASH beginning of the period | 1,099 | 12,732 |
| CASH end of the period | $1,073 | $1,729 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.