$SLND Cashflow Statement | Understand Stock

$SLND

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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 6 months to Dec 31, 2021
Cash flows from operating activities:
Net loss
Adjustments to reconcile net loss to net cash provided by (used in) operating activities
Investment income on Trust Account
Prepaid expenses
Depreciation and amortization
Amortization of deferred financing costs
Loss on extinguishment of debt
Deferred taxes
Change in fair value of earnout liability
Share based compensation
Gain on sale of assets
Foreign currency remeasurement gain
Loss (earnings) from equity method investments
TZC investment present value accretion
Loss (gain) on trading securities, net
Changes in assets and liabilities:
Prepaid expenses
Accounts payable
Accounts receivable
Contract assets
Other current assets
Right-of-use assets
Accounts payable, retainage payable and accrued liabilities
Franchise tax payable
Income tax payable
Contract liabilities
Operating lease liabilities
Other noncurrent liabilities
Other

Net cash provided by (used in) operating activities
Cash flows from investing activities:
Cash deposited in Trust Account
Cash withdrawn from Trust Account
Purchase of property and equipment
Proceeds from sale of property and equipment
Loss on investment in limited liability company
Purchase of trading securities
Proceeds from the sale of trading securities
Distributions received from equity method investees
Distributions received from investees
Capital contribution to unconsolidated investments
Capital contribution to equity method investees
Return of investment in limited liability company
Net cash provided by investing activities

Cash flows from financing activities:
Note payable- related party
Note payable - related party
Repayment of note payable - related party
Issuance of representative shares
Payment of offering costs associated with in initial public offerings
Sale of units in initial public offering
Proceeds from private placement units
Borrowings on revolving credit facility
Payments on revolving credit facility
Borrowings on notes payable
Payments on notes payable
Proceeds from financing obligations
Payments of deferred financing costs
Pre-payment premium
Advances to related parties
Payments from related parties
Payments on finance lease
Advances from (to) related parties
Payments on finance lease and financing obligations
Capital contributions from noncontrolling members
Distribution to members
Payment of taxes related to net share settlement of RSUs
Proceeds from merger of Legato II and Southland LLC
Proceeds from advancement of surety funds
Net cash provided by (used in) financing activities
Net increase in cash and cash equivalents
Cash at beginning of period
Cash at end of period
Deferred underwriting commissions
Accretion of carrying value to redemption value

Effect of exchange rate on cash
Net increase (decrease) in cash and cash equivalents and restricted cash
Beginning of period
End of period
Supplemental cash flow information
Deferred underwriting commissions
Cash paid for income taxes
Cash paid for interest

Non-cash investing and financing activities:
Lease assets obtained in exchange for new leases
Assets obtained in exchange for notes payable
Related party payable exchanged for note payable
Conversion of promissory notes payable to equity
Dissolution of joint venture
Issuance of post-merger earn out shares
Dividend financed with notes payable

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