Solaris Energy Infrastructure, Inc. (SEI) quarterly cash flow statement — complete operating, investing & financing history
| Metric | 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 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 79.01M | 95.94M | 63.26M | 24.18M | 25.72M | 13.1M | 10.52M | 18.88M | 16.88M | 23.58M | 20.88M | 26.95M | 16.85M | 24.08M | 21.52M | 16.13M | 6.27M | 4.78M | 7.66M | 1.27M |
| Operating CF Margin % | 40.26% | 53.39% | 37.92% | 16.19% | 20.36% | 13.6% | 14.02% | 25.55% | 24.86% | 37.23% | 29.97% | 34.91% | 20.37% | 28.65% | 23.31% | 18.6% | 11.01% | 10.39% | 15.51% | 3.62% |
| Operating CF Growth % | 207.18% | 632.34% | 501.6% | 28.1% | 52.43% | -44.45% | -49.64% | -29.95% | 0.15% | -2.08% | -2.96% | 67.12% | 168.77% | 404.27% | 181.02% | 1165.7% | 126.65% | -18.26% | 107.68% | -94.37% |
| Net Income | 32.05M | -1.66M | 24.81M | 24.13M | 5.06M | 14M | -2.21M | 9.82M | 7.3M | 6.96M | 7.64M | 12.24M | 11.94M | 7.99M | 11.51M | 8.29M | 5.72M | 1.1M | 1.43M | -1.87M |
| Depreciation & Amortization | 24.76M | 23.49M | 22.36M | 18.38M | 20.06M | 16.73M | 10.99M | 9.56M | 9.93M | 9.52M | 9.18M | 9.07M | 8.42M | 8.66M | 7.72M | 7.13M | 6.93M | 6.92M | 6.84M | 6.75M |
| Stock-Based Compensation | 6.71M | 5.9M | 5.28M | 5.21M | 6.99M | 3.04M | 2.67M | 2.66M | 2.22M | 1.91M | 1.93M | 1.92M | 1.98M | 1.43M | 1.55M | 1.52M | 1.59M | 1.3M | 1.35M | 1.35M |
| Deferred Taxes | 15.23M | 3.75M | 3.29M | 4.73M | 4.33M | 790K | 286K | 1.18M | 1.73M | 1.23M | 1.17M | 2.52M | 2.33M | -532K | -1.03M | 4.72M | 1.46M | 405K | 334K | -305K |
| Other Non-Cash Items | 4.03M | 73.25M | 3.08M | 370K | 16.02M | -8.45M | 5.31M | -127K | 609K | -42K | 2.23M | -130K | -1.07M | 2.43M | 1.34M | -1.31M | 146K | -207K | 64K | 304K |
| Working Capital Changes | -3.77M | 24.34M | 4.45M | -28.63M | -19.76M | -13.02M | -6.53M | -4.23M | -4.91M | 4M | -1.26M | 1.32M | -6.74M | 4.11M | 424K | -4.23M | -9.58M | -4.75M | -2.37M | -4.96M |
| Change in Receivables | -45.14M | 27.15M | -10.82M | -24.07M | -17.71M | -15.01M | 4.75M | -4.39M | -2.14M | 5.75M | 7.37M | 9.07M | -2.5M | 1.62M | -4.21M | -20.81M | -12.54M | 4.61M | -6.15M | -10.24M |
| Change in Inventory | -3.52M | -1.93M | -427K | -616K | -164K | 159K | -306K | -1.66M | -448K | -1.17M | 781K | -1.73M | -4.07M | 122K | -1.29M | -2.31M | -1.15M | -264K | 371K | -463K |
| Change in Payables | -11.76M | 706K | 5.98M | -3.57M | 5.39M | -1.77M | -4.98M | 3.43M | -131K | -4.16M | -9.52M | 1M | 2.04M | 768K | 4.67M | 2.86M | 5.04M | -4.12M | -163K | 2.18M |
| Cash from Investing | -454.55M | -264.28M | -85.08M | -192.68M | -144.32M | -115.08M | -186.31M | -292K | -3.35M | -7.17M | -14.93M | -21.07M | -18.83M | -21.74M | -26.39M | -19.9M | -11.51M | -5.9M | -5.96M | -5.06M |
| Capital Expenditures | -343.36M | -254.5M | -62.8M | -185.12M | -144.33M | -126.65M | -57.75M | -663K | -3.36M | -7.27M | -16.99M | -21.18M | -18.95M | -21.88M | -27.2M | -20.55M | -11.78M | -5.94M | -5.99M | -5.07M |
| CapEx % of Revenue | 174.97% | 141.62% | 37.64% | 123.97% | 114.25% | 131.52% | 76.98% | 0.9% | 4.95% | 11.48% | 24.38% | 27.44% | 22.91% | 26.04% | 29.46% | 23.7% | 20.69% | 12.92% | 12.12% | 14.41% |
| Acquisitions | -108.45M | 0 | -29.42M | 0 | 7K | 5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -2.75M | -9.78M | 7.15M | -7.55M | 7K | 6.57M | -128.56M | 371K | 10K | 98K | 2.05M | 111K | 123K | 142K | 813K | 648K | 269K | 37K | 31K | 6K |
| Cash from Financing | 366.69M | 414.96M | -10.52M | 290.81M | -24.54M | 145.31M | 287.27M | -16.95M | -15.94M | -14.03M | -11.87M | 1.32M | -4.68M | -3.94M | -48K | -6M | -6.13M | -5.21M | -5.15M | -5M |
| Debt Issued (Net) | 393.14M | 526.65M | -4.75M | 226.27M | -754K | 5.57M | 308.06M | -11.06M | -602K | -7.59M | -6.58M | 17.93M | 17.26M | 1.49M | 5.47M | -559K | -8K | -7K | -11K | -5K |
| Equity Issued (Net) | -14.31M | 10.47M | -258K | -79K | -10.13M | -107K | -18K | -31K | -9.63M | 685K | -9K | -11.35M | -15.76M | 1.1M | -93K | -17K | -990K | 786K | -84K | -29K |
| Dividends Paid | -6.92M | -6.37M | -5.84M | -4.87M | -4.69M | -3.66M | -3.65M | -3.64M | -3.65M | -3.67M | -3.36M | -3.39M | -3.66M | -4.89M | -3.46M | -3.44M | -3.44M | -4.96M | -4.81M | -4.8M |
| Share Repurchases | -14.31M | 10.47M | -258K | -79K | -10.13M | -107K | -18K | -31K | -9.63M | 685K | -9K | -11.35M | -15.76M | 1.1M | -93K | -17K | -990K | 786K | -84K | -29K |
| Other Financing | -5.23M | -115.8M | 316K | 69.49M | -8.97M | 143.51M | -17.12M | -2.22M | -2.06M | -3.45M | -1.92M | -1.88M | -2.53M | -1.64M | -1.96M | -1.98M | -1.69M | -1.03M | -246K | -164K |
| Net Change in Cash | -8.85M | 246.62M | -32.34M | 122.32M | -143.15M | 43.33M | 111.48M | 1.64M | -2.41M | 2.38M | -5.92M | 7.2M | -6.66M | -1.6M | -4.92M | -9.78M | -11.37M | -6.33M | -3.44M | -8.78M |
| Free Cash Flow | -264.34M | -158.56M | 462K | -160.94M | -118.61M | -113.55M | -47.23M | 18.21M | 13.52M | 16.31M | 3.89M | 5.77M | -2.1M | 2.2M | -5.68M | -4.42M | -5.51M | -1.16M | 1.67M | -3.79M |
| FCF Margin % | -134.7% | -88.24% | 0.28% | -107.78% | -93.89% | -117.92% | -62.96% | 24.65% | 19.91% | 25.75% | 5.59% | 7.47% | -2.54% | 2.62% | -6.16% | -5.1% | -9.68% | -2.52% | 3.38% | -10.79% |
| FCF Growth % | -122.87% | -39.64% | 100.98% | -983.67% | -977.47% | -796.12% | -1312.92% | 215.81% | 743.67% | 641.45% | 168.52% | 230.33% | 61.87% | 289.66% | -440.1% | -16.6% | -4727.73% | -128.41% | -28.71% | -117.44% |
| FCF per Share | -5.34 | -3.20 | 0.01 | -4.26 | -3.28 | -3.73 | -1.66 | 0.64 | 0.47 | 0.56 | 0.13 | 0.20 | -0.07 | 0.07 | -0.18 | -0.14 | -0.18 | -0.04 | 0.05 | -0.12 |
| FCF Conversion (FCF/Net Income) | 3.69x | -57.93x | 4.35x | 2.02x | 4.83x | 2.10x | -10.86x | 3.04x | 3.91x | 5.48x | 4.23x | 3.58x | 2.23x | 5.02x | 2.91x | 2.96x | 1.79x | 7.49x | 8.76x | -1.05x |
| Interest Paid | 88K | 2.77M | 7.66M | 6.27M | 5.71M | 9.45M | 596K | 656K | 758K | 879K | 1.05M | 693K | 335K | 147K | 65K | 0 | 37K | 33K | 33K | 33K |
| Taxes Paid | 0 | -151K | 168K | 782K | 0 | -17K | 0 | 444K | 76K | 0 | 280K | 197K | 1K | 0 | 0 | 348K | 22K | 0 | 0 | 0 |