v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities    
Net income $ 27,454 $ 27,045
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 41,495 34,119
Provision for inventory obsolescence 404 603
Amortization of operating right-of-use assets 2,542 2,052
Amortization of deferred financing costs 338 335
(Gain) loss on sale of equipment 310 (45)
Gain on lease termination (19) (190)
Stock-based compensation 3,086 4,962
Provision for deferred income taxes 4,030 2,648
Allowance for credit losses 373 407
Changes in operating assets and liabilities:    
Accounts receivable (15,385) (14,355)
Inventory (1,302) (6,380)
Prepaid expenses and other current assets 654 461
Other assets and liabilities (43) 0
Accounts payable - trade 15,948 401
Accrued expenses (3,897) (6,943)
Deferred revenue 5,021 (426)
Operating lease liabilities (2,804) (1,848)
Finance lease liabilities 503 (297)
Net cash provided by operating activities 78,708 42,549
Cash flows from investing activities    
Net cash paid in Valiant acquisition (161,764) 0
Additions to property, plant and equipment (26,385) (27,850)
Proceeds from sale of property, plant and equipment 4 206
Payment for capitalized patent costs (133) (19)
Net cash used in investing activities (188,278) (27,663)
Cash flows from financing activities    
Issuance of Class A common stock in IPO, net of underwriting discount 0 461,803
Payment of offering costs 0 (2,034)
Repurchase of Class A common stock (16,516) 0
Payments on long-term debt (308,962) (579,864)
Proceeds from long-term debt 469,134 124,962
Payments on finance lease obligations (4,055) (2,829)
Proceeds on finance lease terminations 0 37
Purchase of LLC Interests from Continuing Equity Owners 0 (20,876)
Payment of debt issuance costs 0 (13)
Payment of dividend equivalent units (2) 0
Distributions to members of Flowco LLC (14,842) 0
Dividends paid to Flowco Holdings Inc. shareholders (2,372) 0
Net cash provided by (used in) financing activities 122,385 (18,814)
Net increase (decrease) in cash and cash equivalents 12,815 (3,928)
Beginning of period 4,522 4,615
End of period $ 17,337 $ 687