v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - New Enviri (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income (loss) $ (9,538) $ (7,812)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 40,428 36,442
Amortization 7,844 7,403
Deferred income tax (benefit) expense (30,161) (2,823)
Equity in (income) loss of unconsolidated entities, net (23) (28)
Right-of-use assets 8,343 7,416
Stock-based compensation 2,329 4,044
Other, net (1,675) (637)
Changes in assets and liabilities, net of acquisitions and dispositions of businesses:    
Accounts receivable (16,334) (13,124)
Inventories 7,387 (7,978)
Contract assets (6,563) 6,456
Accounts payable 16,296 9,138
Accrued interest payable (6,728) (6,931)
Accrued compensation 8,048 (15,105)
Advances on contracts and other customer advances 688 (14,770)
Operating lease liabilities (8,323) (7,435)
Retirement plan liabilities, net 3,530 4,656
Other assets and liabilities 5,988 7,688
Net cash (used) provided by operating activities 21,536 6,600
Cash flows from investing activities:    
Purchases of property, plant and equipment (33,727) (21,624)
Proceeds from sales of assets 1,950 1,447
Net proceeds (payments) from settlement of foreign currency forward exchange contracts 1,294 1,737
Net cash used by investing activities (30,668) (18,447)
Cash flows from financing activities:    
Short-term borrowings, net 109 2,812
Borrowings and repayments under Revolving Credit Facility, net 31,000 30,000
Repayments of Term Loan (1,250) (1,250)
Cash paid for finance leases and other long-term debt (5,548) (4,158)
Net cash (used) provided by financing activities 8,059 26,127
Effect of exchange rate changes on cash and cash equivalents, including restricted cash (2,799) (9)
Net increase (decrease) in cash and cash equivalents, including restricted cash (3,872) 14,271
Cash and cash equivalents, including restricted cash, at beginning of period 125,348 90,158
Cash and cash equivalents, including restricted cash, at end of period 121,476 104,429
New Enviri    
Cash flows from operating activities:    
Net income (loss) (48,564) (23,799)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 29,325 26,822
Amortization 1,906 1,558
Deferred income tax (benefit) expense 490 (1,292)
Equity in (income) loss of unconsolidated entities, net (23) (28)
Right-of-use assets 3,162 2,821
Stock-based compensation 1,179 2,219
Other, net (1,604) (721)
Changes in assets and liabilities, net of acquisitions and dispositions of businesses:    
Accounts receivable (7,536) (10,198)
Inventories 7,328 (7,692)
Contract assets (6,563) 6,456
Accounts payable 11,091 6,010
Accrued interest payable (6,728) (6,931)
Accrued compensation 8,704 (1,692)
Advances on contracts and other customer advances 688 (14,770)
Operating lease liabilities (3,167) (2,931)
Retirement plan liabilities, net 3,251 4,576
Other assets and liabilities (6,328) (1,093)
Net cash (used) provided by operating activities (13,389) (20,685)
Cash flows from investing activities:    
Purchases of property, plant and equipment (19,304) (14,972)
Proceeds from sales of assets 1,827 1,399
Net proceeds (payments) from settlement of foreign currency forward exchange contracts 1,293 1,738
Net cash used by investing activities (16,184) (11,835)
Cash flows from financing activities:    
Short-term borrowings, net 109 2,812
Net transfers (to)/from Parent (5,408) 7,015
Payments from related party notes 6,874 10,018
Borrowings and repayments under Revolving Credit Facility, net 31,000 30,000
Repayments of Term Loan (1,250) (1,250)
Cash paid for finance leases and other long-term debt (2,721) (1,871)
Net cash (used) provided by financing activities 28,604 46,724
Effect of exchange rate changes on cash and cash equivalents, including restricted cash (2,799) (9)
Net increase (decrease) in cash and cash equivalents, including restricted cash (3,768) 14,195
Cash and cash equivalents, including restricted cash, at beginning of period 125,164 89,892
Cash and cash equivalents, including restricted cash, at end of period $ 121,396 $ 104,087