Concrete Pumping Holdings Inc
For the period ended Oct 31, 2024. Filed Jan 10, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Jan 10, 2025
BBCP$10.10+0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| For the Year Ended October 31, | ||
|---|---|---|
| (in thousands) | 2024 | 2023 |
| Net income | $16,207 | $31,790 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Non-cash operating lease expense | 5,103 | 5,506 |
| Foreign currency adjustments | (1,234) | (566) |
| Depreciation | 41,969 | 39,756 |
| Deferred income taxes | 5,281 | 6,137 |
| Amortization of deferred financing costs | 1,803 | 1,859 |
| Amortization of intangible assets | 15,141 | 18,910 |
| Stock-based compensation expense | 2,394 | 3,847 |
| Change in fair value of warrant liabilities | (130) | (6,899) |
| Net gain on the sale of property, plant and equipment | (2,309) | (2,247) |
| Other operating activities | (78) | 18 |
| Net changes in operating assets and liabilities: | ||
| Receivables | 7,164 | 328 |
| Inventory | 600 | (1,142) |
| Other operating assets | 632 | 1,338 |
| Accounts payable | (1,679) | (464) |
| Other operating liabilities | (3,964) | (1,296) |
| Net cash provided by operating activities | 86,900 | 96,875 |
| Cash flows from investing activities: | ||
| Purchases of property, plant and equipment | (43,810) | (54,505) |
| Proceeds from sale of property, plant and equipment | 11,679 | 11,147 |
| Purchases of intangible assets | - | (800) |
| Net cash used in investing activities | (32,131) | (44,158) |
| Cash flows from financing activities: | ||
| Proceeds on revolving loan | 313,170 | 317,989 |
| Payments on revolving loan | (332,104) | (351,167) |
| Payment of debt issuance costs | (953) | (550) |
| Purchase of treasury stock | (10,160) | (10,505) |
| Other financing activities | 1,279 | (63) |
| Net cash used in financing activities | (28,768) | (44,296) |
| Effect of foreign currency exchange rate changes on cash | 1,179 | (42) |
| Net increase in cash and cash equivalents | 27,180 | 8,379 |
| Cash and cash equivalents: | ||
| Beginning of period | 15,861 | 7,482 |
| End of period | $43,041 | $15,861 |
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