$DTI Cashflow Statement | Understand Stock

$DTI

$1.70 -$0.03 (1.45%) Close

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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

	FY2025 12 months to Dec 31, 2025	FY2024 12 months to Dec 31, 2024	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 4 months to Dec 31, 2021
Cash flows from operating activities:
Net income (loss)
Superior Drilling Products, Inc
European Drilling Projects B.V.
Total net income (loss)
Adjustments to reconcile net income (loss) to net cash from operating activities:
Interest earned on investments held in Trust Account
Income from investments held in Trust Account
Depreciation and amortization
Amortization of deferred financing costs
Amortization of debt discount
Non-cash lease expense
Unrealized loss on currency remeasurement
Write off of excess and obsolete inventory
Write off of property and equipment
Provision (recovery) for credit losses
Loss on asset disposal
Deferred tax expense/(benefit)
Loss (gain) on sale of property
Realized loss on equity securities
Unrealized (gain) loss on equity securities
Unrealized (gain) loss on interest rate swap
Realized loss on interest rate swap
Gross profit from sale of lost-in-hole equipment
Gain on sale of lost-in-hole equipment
Stock-based compensation expense
Interest Income on related party note receivable
Goodwill impairment

Changes in operating assets and liabilities:
Prepaid expenses
Prepaid income taxes
Accounts payable and accrued expenses
Deferred tax liability
Accounts receivable, net
Prepaid expenses and other current assets
Inventories
Deposits and other long-term assets
Deposits and other current assets
Operating lease liabilities
Accounts payable
Accrued expenses and other current liabilities

Net cash flows from operating activities
Cash flows from investing activities:
Cash withdrawn from Trust Account to pay franchise and income taxes
Acquisition of a business, net of cash acquired
Proceeds from sale of property and equipment
Purchase of property, plant and equipment
Proceeds from sale of lost-in-hole equipment
Proceeds from sale of equity securities
Purchases of intangible assets
Net cash flows from investing activities

Cash flows from financing activities:
Proceeds from issuance of representative shares
Proceeds from sale of Units, net of underwriting discounts paid
Proceeds from sale of Private Placement Units
Proceeds from promissory note - related party
Repayment of promissory note - related party
Payment of offering costs
Proceeds from Merger and PIPE Financing, net of transaction costs
Investment from non-controlling interest into VIE
Purchase of treasury stock
Payment of deferred financing costs
Proceeds from revolving line of credit
Payments on revolving line of credit
Repayment of promissory note
Proceeds from term loan
Payments on term loan
Payments on finance leases
Payments to holders of DTIH redeemable convertible preferred stock in connection with retiring their DTI stock upon the Merger
Net cash flows from financing activities

Effect of Changes in Foreign Exchange Rate
Net Change in Cash
Cash, beginning of the period
Cash, end of the period
Offering costs included in accrued offering costs
Offering costs paid by Sponsor in exchange for issuance of founder shares
Issuance of Representative Shares
Offering costs paid through promissory note
Accretion of common stock subject to redemption
Cash at Beginning of Period
Cash at End of Period
Cash paid for interest
Cash paid for income taxes
Fair value of liabilities assumed in Acquisition
CTG
Superior Drilling Products, Inc
European Drilling Projects B.V.
ROU assets obtained in exchange for lease liabilities
Non-cash recovery of note receivable
Net exercise of stock options
Shares withheld from exercise of stock options for payment of taxes
Purchases of inventory included in accounts payable and accrued expenses and other current liabilities
Purchases of property and equipment included in accounts payable and accrued expenses and other current liabilities
Non-cash directors and officers insurance
Non-cash Merger financing
Exchange of DTIH redeemable convertible preferred stock for DTIC Common Stock in connection with Merger
Issuance of DTIC common stock to former holders of DTIH redeemable convertible preferred stock in connection with Exchange Agreements
Accretion of redeemable convertible preferred stock to redemption value

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