Vertex Energy Inc. Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated statements of cash flows

In millions of USD, except per-share amounts

	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021	FY2020 12 months to Dec 31, 2020	FY2019 12 months to Dec 31, 2019
Cash flows from operating activities
Net income (loss)
Net income from discontinued operations, net of tax
Net loss from continuing operations
Adjustments to reconcile net income (loss) from continuing operations to cash used in operating activities:
Stock-based compensation expense
Depreciation and amortization
Reduction in allowance for bad debt
(Reduction in) provision for bad debt
Loss (gain) on commodity derivative contracts
Gain on sale of assets
Gain on disposition
Provision for environment clean up
Gain on forgiveness of debt
Net cash settlement on commodity derivatives
Loss on sale of assets
Loss on assets impairment
Amortization of debt discount and deferred costs
Deferred income tax benefit
Decrease in fair value of derivative liability
Loss (gain) on change in value of derivative warrant liability
Reduction in contingent consideration
Impairment of goodwill
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable
Inventory
Prepaid expenses
Accounts payable
Accrued expenses
Other assets
Net cash (used in) provided by operating activities

Net cash (used in) provided by operating activities from continuing operations
Cash flows from investing activities
Deposit for refinery purchase and related costs
Internally developed or purchased software
Proceeds from sale of discontinued operation
Redemption of noncontrolling entity
Proceeds from the sale of assets
Acquisitions
Acquisition of business, net of cash
Purchase of fixed assets
Net cash used in investing activities
Net cash used in investing activities from continuing operations

Cash flows from financing activities
Line of credit payments, net
Proceeds received from exercise of options and warrants
Proceeds received from issuance of common stock options and warrants
Net borrowings on inventory financing agreements
Contribution received from noncontrolling interest
Distribution to non-controlling interest
Redemption of redeemable noncontrolling interest
Payments on finance leases
Payment of debt issuance costs
Proceeds from issuance of notes payable
Payments made on notes payable
Net cash provided by financing activities from continuing operations
Discontinued operations:
Net cash (used in) provided by operating activities
Net cash used in investing activities
Net cash used in financing activities
Net cash provided by (used in) discontinued operations
Net change in cash and cash equivalents and restricted cash
Cash and cash equivalents and restricted cash at beginning of the year
Cash and cash equivalents and restricted cash at end of year
SUPPLEMENTAL INFORMATION
Cash paid for interest
Cash paid for income taxes
NON-CASH INVESTING AND FINANCING TRANSACTIONS
Conversion of Series B and B1 Preferred Stock into common stock
Dividends on Series B and B-1 Preferred Stock
Initial carrying amount of non-controlling interest
Accretion of discount on Series B and B-1 Preferred Stock
Accretion of redeemable noncontrolling interest to redemption value
Equipment acquired under finance leases
Contributed assets Vertex Recovery Management LA from non-controlling interest
Common restricted shares for Nickco acquisition
Equipment acquired under operating leases
Reclass derivative liabilities
Conversion of Convertible Senior note, including inducement common stock

Cash and cash equivalents
Restricted cash

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