Centuri Holdings, Inc.
For the period ended Dec 28, 2025. Filed Feb 26, 2026.
View on SEC.govAbout this filing
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.
FY2025 · Filed Feb 26, 2026
CTRI$22.560.0%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
Centuri Holdings, Inc. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(In thousands)
| Fiscal Year Ended | |||
|---|---|---|---|
| December 28, 2025 | December 29, 2024 | December 31, 2023 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $22,650 | $(6,822) | $(184,506) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities | |||
| Depreciation | 111,512 | 108,703 | 118,776 |
| Amortization of intangible assets | 27,281 | 26,642 | 26,670 |
| Amortization of debt issuance costs | 3,585 | 5,306 | 4,482 |
| Non-cash loss on debt extinguishment | 2,742 | 1,726 | — |
| Goodwill impairment | — | — | 213,992 |
| Non-cash stock-based compensation expense | 8,079 | 2,231 | 1,851 |
| Gain on sale of equipment | (7,403) | (3,634) | (4,547) |
| Amortization of right-of-use assets | 22,419 | 20,682 | 17,373 |
| Deferred income taxes | (14,111) | (5,099) | (7,827) |
| Other non-cash items | — | 841 | — |
| Changes in assets and liabilities, net of non-cash transactions | |||
| Accounts receivable, net and contract assets | (174,068) | 57,051 | 12,490 |
| Accounts receivable and contract assets, related party | (238) | 3,195 | 3,314 |
| Prepaid expenses and other assets | (7,495) | (5,664) | (2,446) |
| Accounts payable | 60,874 | 7,569 | (26,755) |
| Income tax assets and liabilities | 2,901 | (620) | 3,084 |
| Payments made on operating lease liabilities | (27,847) | (26,451) | (21,908) |
| Contract liabilities | 20,150 | (18,619) | 7,874 |
| Accrued expenses and other liabilities | 27,090 | (8,807) | 5,548 |
| Net cash provided by operating activities | 78,121 | 158,230 | 167,465 |
| Cash flows from investing activities: | |||
| Capital expenditures | (86,325) | (99,333) | (106,650) |
| Proceeds from sale of property and equipment | 43,953 | 9,958 | 11,800 |
| Acquisition of business, net of cash acquired | (45,832) | — | — |
| Net cash used in investing activities | (88,204) | (89,375) | (94,850) |
| Cash flows from financing activities: | |||
| Proceeds from public offerings and private placements, net of offering costs paid | 250,923 | 327,667 | — |
| Proceeds from line of credit borrowings | 220,244 | 353,769 | 197,101 |
| Payment of line of credit borrowings | (246,659) | (310,740) | (203,771) |
| Proceeds from long-term debt borrowings, net | 242,936 | — | — |
| Principal payments on long-term debt | (364,680) | (318,668) | (44,557) |
| Principal payments on finance lease liabilities | (9,418) | (11,293) | (12,113) |
| Redemption of redeemable noncontrolling interest | — | (92,916) | (39,894) |
| Payment of debt issuance costs | (3,214) | — | — |
| Other | (1,374) | (438) | (213) |
| Net cash provided by (used in) financing activities | 88,758 | (52,619) | (103,447) |
| Effects of foreign exchange translation | 365 | (624) | 273 |
| Net increase (decrease) in cash and cash equivalents | 79,040 | 15,612 | (30,559) |
| Cash, cash equivalents, and restricted cash, beginning of period | 49,019 | 33,407 | 63,966 |
| Cash, cash equivalents, and restricted cash, end of period | $128,059 | $49,019 | $33,407 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.