$KRT Cashflow Statement | Understand Stock

$KRT

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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 12 months to Dec 31, 2021
Cash flows from operating activities
Net income
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization (including $1,214 and $1,213 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively)
Adjustments to allowance for bad debt
Adjustments to inventory reserve
Write-off of inventories
Impairment of deposits
Write-off of vendor prepayment
Loss (gain), net, on disposal of machinery and equipment
Impairment of operating right-of-use asset
Loss, net, on disposal of machinery and equipment
(Gain) loss, net, on disposal of property and equipment
Amortization of loan fees (including $62 associated with variable interest entity for both the year ended December 31, 2025 and 2024)
Accrued interest on certificates of deposit (including $0 and $50 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively)
Stock-based compensation
Gain on forgiveness of debt
Amortization of operating right-of-use assets
Impairment of deposit
Deferred income taxes
Government grant income (including $33 and $187 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively)
(Increase) decrease in operating assets
Accounts receivable (including $4 and $32 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively)
Inventories
Prepaid expenses and other current assets (including $255 and $23 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively)
Due from affiliated companies
Deposits
Other non-current assets (including $35 and $20 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively)

Increase (decrease) in operating liabilities
Accounts payable (including $53 and $47 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively)
Accrued expenses (including $46 and $102 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively)
Related party payable
Credit cards payable
Income taxes payable (including $0 and 3 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively)
Customer deposits (including $49 and $77 associated with variable interest entity for the year ended December 31, 2023 and 2022, respectively)
Deferred revenue
Operating lease liabilities
Other liabilities (including $66 and $0 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively)
Other payable

Net cash provided by operating activities
Cash flows from investing activities
Purchases of property and equipment
Proceeds from disposal of property and equipment
Payments for costs incurred from sale of machinery and equipment
Deposits paid for joint venture investment
Deposits refunded from joint venture investment
Proceeds from settlement of interest rate swap
Acquisition of Pacific Cup, Inc., net of cash acquired
Deposits refunded from cancelled machinery orders
Deposits paid for property and equipment
Effect on initial consolidation of Lollicup Franchising Inc, net of cash acquired
Proceeds from settlement of interest rate swap (including $0 and $825 associated with variable interest entity for the year ended December 31, 2023 and 2022, respectively)
Purchases of publicly-traded equity securities
Proceeds from disposal of publicly-traded equity securities
Purchases of short-term investments (including $7,982 and $18,078 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively)
Redemption of short-term investments (including $19,110 and $7,000 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively)
Net cash provided by (used in) investing activities

Cash flows from financing activities
Proceeds from long-term debt (including $0 and 8,000 associated with variable interest entity for the year ended December 31, 2024 and 2023, respectively)
Payments on long-term debt (including $12,717 and $1,122 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively)
Proceeds from issuance of common stock in connection with initial public offering, net of issuance costs
Tax withholding on vesting of restricted stock units
Payments for lender fees
Proceeds from line of credit
Repayments on line of credit
Proceeds from long-term debt
Proceeds from exercise of common stock options
Repurchases of common stock
Dividends paid to shareholders
Payments on capital lease obligations
Distributions to shareholders, net of tax withholding (including $0 and $2,295 associated with variable interest entity for the year ended December 31, 2024 and 2023, respectively)
Payment of Global Wells membership interest tax withholding (including $362 and $0 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively)
Payment of Global Wells noncontrolling membership interest redemption (including $0 and $2,010 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively)
Refund of Global Wells members' tax withholding payments (including $0 and $120 associated with variable interest entity for the year ended December 31, 2025 and 2024, respectively)
Payment of Global Wells noncontrolling membership interest redemption gain tax withholding
Net cash used in financing activities

Net increase in cash and cash equivalents
Cash and cash equivalents
Beginning of period
End of period
Supplemental disclosures of non-cash investing and financing activities:
Transfers from deposits to property and equipment
Acquisition price of Pacific Cup, Inc. included within deposits
Non-cash purchases of property and equipment
Non-cash disposal of property and equipment
Non-cash excise tax on share repurchases

Supplemental disclosures of cash flow information:
Cash paid for income tax
Cash paid for income taxes
Cash paid for interest

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