v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net income $ 58,398 $ 54,397
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 90,867 67,284
Provision for inventory obsolescence 1,152 1,274
Amortization of operating right-of-use assets 5,299 4,011
Amortization of deferred financing costs 675 674
Loss on sale of equipment 494 23
Gain on lease termination (42) (263)
Stock-based compensation 6,160 7,991
Provision for deferred income taxes 7,785 1,428
Allowance for credit losses 583 941
Changes in operating assets and liabilities:    
Accounts receivable (14,996) (3,356)
Inventory (2,412) (941)
Prepaid expenses and other current assets (12,775) 614
Other assets and liabilities (46) (66)
Accounts payable - trade 16,011 2,014
Accrued expenses 14,037 (6,695)
Deferred revenue 7,377 (2,079)
Operating lease liabilities (5,558) (3,591)
Finance lease liabilities 931 1,067
Net cash provided by operating activities 173,940 124,727
Cash flows from investing activities    
Net cash paid in Valiant acquisition (161,846) 0
Additions to property, plant and equipment (71,859) (63,620)
Proceeds from sale of property, plant and equipment 105 270
Payment for capitalized patent costs (314) (95)
Net cash used in investing activities (233,914) (63,445)
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 (2,458)
Repurchase of Class A common stock (16,516) 0
Payments on long-term debt (536,403) (739,997)
Proceeds from long-term debt 666,992 271,131
Payments on finance lease obligations (8,220) (5,663)
Proceeds on finance lease terminations 36 313
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
Payments of selling commissions and fees (69) 0
Distributions to members of Flowco LLC (25,041) (18,792)
Dividends paid to Flowco Holdings Inc. shareholders (6,136) (2,058)
Net cash provided by (used in) financing activities 74,641 (56,610)
Net increase (decrease) in cash and cash equivalents 14,667 4,672
Beginning of period 4,522 4,615
End of period $ 19,189 $ 9,287