Perma-Pipe International Holdings, Inc. (PPIH) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'27 | Q4'26 | 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 |
|---|
| Cash from Operations | 6.11M | -6.8M | 17.28M | -2.04M | 733K | 6.02M | 5.16M | 2.48M | -73K | 7.11M | 4.08M | -279K | 3.81M | 3.86M | 6.07M | -4.06M | -7.11M | -2.54M | 5.19M | -2.8M |
| Operating CF Margin % | 12.16% | -12.34% | 28.26% | -4.26% | 1.57% | 13.39% | 12.42% | 6.62% | -0.21% | 17.71% | 8.94% | -0.79% | 12.85% | 10.59% | 16.02% | -10.98% | -22.77% | -6.5% | 14.75% | -7.03% |
| Operating CF Growth % | 733.56% | -212.97% | 234.75% | -182.23% | 1104.11% | -15.35% | 26.4% | 989.61% | -101.92% | 84.35% | -32.74% | 93.13% | 153.63% | 251.81% | 16.93% | -45.25% | -192.87% | -40.91% | 900.15% | -238.45% |
| Net Income | 2.59M | 5.62M | 7.92M | 1.26M | 5.85M | 3.56M | 2.49M | 4.28M | 1.44M | 9.8M | 3.36M | 1.17M | -1.12M | 3.23M | 1.73M | 1.87M | -885K | 2.99M | 495K | 3.42M |
| Depreciation & Amortization | 1.58M | 2.03M | 984K | 957K | 937K | 942K | 970K | 888K | 829K | 1.06M | 983K | 876K | 915K | 865K | 855K | 931K | 995K | 1.06M | 998K | 1.14M |
| Stock-Based Compensation | 180K | 525K | 320K | 1.47M | 224K | 231K | 233K | 168K | 228K | 227K | 230K | 227K | 229K | 239K | 243K | 284K | 236K | 283K | 270K | 276K |
| Deferred Taxes | 10K | -529K | 1.21M | 388K | 40K | 598K | 816K | 472K | -269K | -7.07M | -46K | 114K | 77K | 121K | 122K | 79K | 157K | -556K | 288K | 230K |
| Other Non-Cash Items | 1.75M | 496K | 7K | 151K | 210K | 83K | 1.55M | 84K | 335K | 133K | -53K | -18K | 21K | 18K | 937K | 56K | -26K | -72K | 67K | 44K |
| Working Capital Changes | 0 | -14.95M | 6.84M | -6.27M | -6.53M | 603K | -898K | -3.41M | -2.64M | 2.96M | -393K | -2.65M | 3.69M | -618K | 2.19M | -7.28M | -7.58M | -6.26M | 3.08M | -7.9M |
| Change in Receivables | 14.67M | -9.55M | -10.79M | -4.22M | -8.75M | -3.4M | -1.53M | 4.24M | 3.34M | -2.8M | 4.49M | -11.73M | 1.86M | 1.11M | 1.51M | -9.35M | 3.49M | -10.14M | 8.08M | -16.64M |
| Change in Inventory | -357K | 1.46M | -3.31M | -1.38M | 1.87M | -847K | -161K | -450K | -359K | 596K | -2.31M | -931K | 1.81M | 40K | 1.21M | -939K | -1.82M | 1.62M | -820K | 452K |
| Change in Payables | 89K | -7.49M | 10.58M | 1.38M | -3.98M | 2.79M | -890K | -2.8M | -1.69M | -532K | 1.3M | 8.27M | -227K | 581K | -337K | -1.19M | 2.04M | -2.66M | -513K | 3.13M |
| Cash from Investing | -1.25M | -2.02M | -4.93M | -2.55M | -927K | -1.29M | -322K | -1.17M | -589K | -2.9M | -1.41M | -3.57M | -3.22M | -3.26M | -1.16M | -1.63M | -330K | -346K | -1.01M | -476K |
| Capital Expenditures | -1.25M | -2.03M | -4.93M | -2.55M | -927K | -1.32M | -322K | -1.17M | -589K | -2.9M | -1.41M | -3.57M | -3.23M | -3.74M | -1.21M | -1.63M | -400K | -311K | -1.04M | -488K |
| CapEx % of Revenue | 2.49% | 3.69% | 8.06% | 5.33% | 1.98% | 2.93% | 0.77% | 3.11% | 1.72% | 7.22% | 3.08% | 10.16% | 10.88% | 10.26% | 3.18% | 4.41% | 1.28% | 0.79% | 2.95% | 1.23% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3K | 0 | 0 | 5K | 0 | 0 | -1K | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 17K | 0 | 0 | 0 | 27K | 0 | 0 | 0 | 3K | 0 | 0 | 5K | 476K | 48K | -1K | 70K | -35K | 32K | 12K |
| Cash from Financing | 4.78M | 2.48M | -2.17M | 3.08M | 3.2M | -2.25M | -896K | -321K | 2.56M | -4.45M | -2.54M | 1.27M | 2.46M | -3.07M | -3.11M | 5.62M | 5.09M | 974K | 918K | 394K |
| Debt Issued (Net) | 0 | 2.56M | -2.02M | 3.38M | 3.19M | -2.31M | -892K | 674K | 1.75M | -4.45M | -1.89M | 1.86M | 2.63M | -3.23M | -2.96M | 5.86M | 5.11M | 2.38M | 1.4M | 666K |
| Equity Issued (Net) | 0 | 0 | 0 | -295K | 0 | 0 | 0 | -209K | 0 | -1K | -629K | -312K | 0 | -26K | 8K | -273K | 0 | -1.47M | -474K | -255K |
| 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 | 0 | -295K | 0 | 0 | 0 | -209K | 0 | -1K | -629K | -585K | 0 | -26K | 8K | -273K | 0 | -1.5M | -496K | -255K |
| Other Financing | 4.78M | -90K | -147K | 4K | 2K | 64K | -4K | -786K | 802K | 2K | -21K | -275K | -176K | 188K | -151K | 41K | -12K | 66K | -7K | -17K |
| Net Change in Cash | 9.55M | -6.36M | 9.95M | -1.55M | 3.14M | 2.39M | 3.85M | 1.82M | 1.82M | -168K | 81K | -2.46M | 2.99M | -2.93M | 2.03M | -206K | -1.87M | -1.99M | 5.04M | -2.92M |
| Free Cash Flow | 4.86M | -8.84M | 12.35M | -4.59M | -194K | 4.7M | 4.84M | 1.31M | -662K | 4.21M | 2.68M | -3.85M | 585K | 120K | 4.87M | -5.69M | -7.51M | -2.85M | 4.15M | -3.29M |
| FCF Margin % | 9.66% | -16.03% | 20.2% | -9.59% | -0.41% | 10.45% | 11.64% | 3.5% | -1.93% | 10.48% | 5.86% | -10.95% | 1.97% | 0.33% | 12.84% | -15.39% | -24.05% | -7.29% | 11.8% | -8.26% |
| FCF Growth % | 2603.09% | -287.94% | 155.21% | -449.47% | 70.69% | 11.63% | 80.8% | 134.14% | -213.16% | 3410% | -44.99% | 32.4% | 107.79% | 104.21% | 17.14% | -73.28% | -163.35% | -33.69% | 373.11% | -261.47% |
| FCF per Share | 0.59 | -1.08 | 1.51 | -0.56 | -0.02 | 0.59 | 0.60 | 0.16 | -0.08 | 0.53 | 0.33 | -0.47 | 0.07 | 0.01 | 0.60 | -0.70 | -0.95 | -0.34 | 0.49 | -0.39 |
| FCF Conversion (FCF/Net Income) | 3.39x | -1.38x | 2.74x | -2.40x | 0.15x | 3.42x | 2.07x | 0.75x | -0.05x | 0.82x | 2.11x | -0.27x | -3.39x | 1.19x | 3.51x | -2.18x | 8.03x | -0.85x | 10.49x | -0.82x |
| Interest Paid | 0 | 519K | 0 | 404K | 397K | 472K | 456K | 752K | 248K | 531K | 452K | 781K | 521K | 540K | 697K | 458K | 350K | 119K | 272K | 0 |
| Taxes Paid | 0 | 1.96M | 0 | 314K | 1.46M | 417K | 861K | 861K | 1.57M | 737K | 312K | 1.29M | 939K | 373K | 137K | 832K | 1.14M | 621K | 279K | 0 |