Smart Sand, Inc. (SND) 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 | 3.04M | 22.37M | 18.16M | -5.14M | 8.72M | 1.03M | 5.81M | 14.88M | -3.86M | -2.66M | 12.48M | 16.07M | 5.11M | 5.59M | 10.78M | -2.29M | -8.66M | -5.11M | 1.06M | 32.57M |
| Operating CF Margin % | 3.27% | 26% | 19.57% | -5.99% | 13.31% | 1.13% | 9.2% | 20.17% | -4.65% | -4.29% | 16.23% | 21.49% | 6.2% | 7.57% | 15.06% | -3.33% | -20.82% | -14.56% | 3.09% | 109.88% |
| Operating CF Growth % | -65.12% | 2061.35% | 212.55% | -134.52% | 325.83% | 138.92% | -53.43% | -7.38% | -175.67% | -147.58% | 15.73% | 802.58% | 158.94% | 209.46% | 913.25% | -107.02% | -321.31% | -253.93% | 129.41% | 136.31% |
| Net Income | -3.86M | 1.34M | 3M | 21.4M | -24.23M | 3.74M | -98K | -430K | -216K | -4.79M | 6.73M | 6.31M | -3.6M | 2.63M | 2.68M | -90K | -5.92M | -12.23M | -7.26M | -27.27M |
| Depreciation & Amortization | 7.73M | 201K | 7.45M | 7.5M | 7.5M | 8.04M | 6.79M | 7.45M | 7.44M | 7.31M | 7.22M | 6.98M | 6.75M | 6.78M | 6.9M | 6.84M | 6.77M | 6.57M | 6.53M | 6.43M |
| Stock-Based Compensation | 0 | 864K | 919K | 993K | 940K | 873K | 872K | 846K | 648K | 1.04M | 865K | 841K | 786K | 755K | 815K | 808K | 831K | 1.04M | 889K | 581K |
| Deferred Taxes | -982K | -2.55M | 2.03M | -21.27M | 16.66M | -567K | -5.14M | 2.33M | 596K | -2.04M | -2.35M | -3.42M | 1.67M | -1.41M | 480K | 911K | -4.17M | -3M | -1.7M | 1.85M |
| Other Non-Cash Items | 737K | 7.57M | -4K | -605K | 6K | 49K | 1.13M | 1.39M | 76K | 53K | -19K | 97K | 1.96M | 260K | -393K | 58K | 73K | 2.57M | 354K | 19.61M |
| Working Capital Changes | -579K | 14.93M | 4.76M | -13.15M | 7.85M | -11.1M | 2.26M | 3.3M | -12.41M | -4.23M | 33K | 5.26M | -2.46M | -3.42M | 299K | -10.81M | -6.24M | -50K | 2.26M | 31.37M |
| Change in Receivables | 2M | 13.67M | 2.95M | -16.31M | 15.42M | -19.39M | 3.66M | 7.21M | -11.98M | -1.61M | 6.07M | 7.01M | -1.44M | -1.63M | 2.78M | -8.8M | -8.81M | -2.79M | -4.98M | 35.69M |
| Change in Inventory | 629K | 518K | -2.94M | -351K | -3.27M | 2.79M | -2.81M | 553K | 1.24M | -868K | -2.95M | -2.92M | 101K | 433K | -3.74M | -3.29M | 1.44M | -1.81M | 556K | 1.61M |
| Change in Payables | 1.53M | 209K | -5.69M | 2.78M | -4.06M | 6.27M | 1.03M | -517K | -6.73M | 5.84M | -1.82M | -3.21M | 1.17M | 2.46M | -445K | 3.42M | -193K | 2.94M | -134K | 366K |
| Cash from Investing | -2.2M | -2M | -3.38M | -1.94M | -3.54M | -1.87M | -2.06M | -1.35M | -1.65M | -6.9M | -6.83M | -5.16M | -4.02M | -3.12M | -3.4M | -1.37M | -10.31M | -4.24M | -1.86M | -2.83M |
| Capital Expenditures | -2.2M | -2M | -3.38M | -2.68M | -3.54M | -1.88M | -2.13M | -1.35M | -1.65M | -6.91M | -6.88M | -5.23M | -4.02M | -3.2M | -4.4M | -1.37M | -3.77M | -4.24M | -1.93M | -2.83M |
| CapEx % of Revenue | 2.36% | 2.32% | 3.65% | 3.12% | 5.39% | 2.05% | 3.38% | 1.83% | 1.98% | 11.15% | 8.95% | 6.99% | 4.88% | 4.33% | 6.14% | 1.99% | 9.06% | 12.1% | 5.61% | 9.55% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -6.55M | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 739K | 1K | 8K | 79K | 1K | 1K | 6K | 50K | 72K | 1K | 75K | 995K | 0 | 0 | 0 | 76K | 4K |
| Cash from Financing | -3.94M | -2.9M | -13.99M | 6.26M | -1.64M | -4.83M | -2.8M | -11.87M | 4.03M | 6.32M | -1.83M | -13.03M | 1.01M | -7.33M | 896K | 1.06M | -1.91M | -1.74M | -1.81M | -1.88M |
| Debt Issued (Net) | -1.25M | -875K | -9.88M | 8.14M | -1.01M | -777K | -2.04M | -10.51M | 4.6M | 6.45M | -1.7M | -12.97M | 5.4M | -7.88M | 1.08M | 1.17M | -1.81M | -1.63M | -1.82M | -1.73M |
| Equity Issued (Net) | -2.69M | -49K | -214K | -1.8M | -641K | -47K | -153K | -52K | -170K | -125K | -150K | -51K | -4.43M | 550K | -210K | -114K | -127K | -108K | 19K | -147K |
| Dividends Paid | 0 | -1.98M | -3.89M | -72K | -7K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -2.71M | -49K | -235K | -1.8M | -641K | -47K | -153K | -52K | -170K | -125K | -150K | -51K | -4.43M | -89K | -210K | -114K | -127K | -108K | -6K | -147K |
| Other Financing | 0 | -1K | 0 | -10K | 26K | -4M | -600K | -1.3M | -400K | 0 | 23K | 0 | 33K | 0 | 27K | 0 | 25K | 0 | 0 | 0 |
| Net Change in Cash | -3.1M | 17.47M | 788K | -815K | 3.55M | -5.66M | 958K | 1.66M | -1.47M | -3.24M | 3.82M | -2.11M | 2.09M | -4.86M | 8.27M | -2.6M | -20.89M | -11.09M | -2.6M | 27.86M |
| Free Cash Flow | 842K | 20.37M | 14.77M | -7.81M | 5.19M | -840K | 3.67M | 13.53M | -5.51M | -9.56M | 5.6M | 10.84M | 1.09M | 2.39M | 6.38M | -3.66M | -12.43M | -9.35M | -869K | 29.74M |
| FCF Margin % | 0.9% | 23.68% | 15.92% | -9.11% | 7.91% | -0.92% | 5.82% | 18.33% | -6.63% | -15.44% | 7.28% | 14.5% | 1.32% | 3.24% | 8.92% | -5.32% | -29.88% | -26.65% | -2.52% | 100.33% |
| FCF Growth % | -83.77% | 2525.24% | 302.01% | -157.75% | 194.17% | 91.22% | -34.33% | 24.79% | -606.81% | -499.67% | -12.33% | 396.53% | 108.75% | 125.59% | 834.52% | -112.29% | -830.75% | -536.71% | 81.27% | 157.61% |
| FCF per Share | 0.02 | 0.51 | 0.38 | -0.20 | 0.13 | -0.02 | 0.09 | 0.35 | -0.14 | -0.25 | 0.15 | 0.29 | 0.03 | 0.06 | 0.15 | -0.09 | -0.30 | -0.22 | -0.02 | 0.71 |
| FCF Conversion (FCF/Net Income) | -0.79x | 18.99x | 6.05x | -0.24x | -0.36x | 0.28x | -59.29x | -34.61x | 17.88x | 0.56x | 1.85x | 2.55x | -1.42x | 2.13x | 4.02x | 25.41x | 1.46x | 0.42x | -0.15x | -1.19x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |