Cardinal Infrastructure Group Inc (CDNL) FY2026 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-04-01 to 2026-06-30

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Cardinal Infrastructure Group Inc cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations. Intermediate calculation bars are lighter gray. Calculated remaining financing cash flows are purple; remaining operating and investing bundles are gray. Their underlying inflows and outflows are not separately identified. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $11,148,306.00Accounts payable → Operating adjustments reconciliation: $17,061,798.00Depreciation expense → Operating adjustments reconciliation: $6,768,987.00Amortization of other intangible assets → Operating adjustments reconciliation: $4,824,386.00Accrued expenses → Operating adjustments reconciliation: $3,257,750.00Remaining operating cash flows, net (calculated) → Operating adjustments reconciliation: $1,952,171.00Noncash stock compensation → Operating adjustments reconciliation: $269,665.00Amortization of debt issuance costs → Operating adjustments reconciliation: $145,423.00Other assets → Operating adjustments reconciliation: $59,431.00Operating adjustments reconciliation → Net cash from operating activities: $1,530,099.00Operating adjustments reconciliation → Accounts receivable, net: $15,961,352.00Operating adjustments reconciliation → Contract assets: $12,993,483.00Operating adjustments reconciliation → Contract liabilities: $2,318,880.00Operating adjustments reconciliation → Provision for deferred income taxes: $1,074,489.00Operating adjustments reconciliation → Prepaid expenses: $412,310.00Operating adjustments reconciliation → Gain on disposal of property and equipment: $48,998.00Proceeds from equity offering, net of underwriting discounts → financing reconciliation: $319,010,000.00Proceeds from notes payable → financing reconciliation: $33,000,000.00financing reconciliation → Net cash from financing activities: $314,720,015.00financing reconciliation → Principal payments on notes payable: $35,545,401.00financing reconciliation → Principal payments on finance lease obligations: $975,720.00financing reconciliation → Payment of issuance costs: $568,863.00financing reconciliation → Payments of deferred consideration: $200,001.00Net cash used in investing activities → investing reconciliation: $32,288,998.00Proceeds from the sale of property and equipment → investing reconciliation: $278,077.00investing reconciliation → Purchases of property and equipment: $24,667,076.00investing reconciliation → Acquisitions, net of cash acquired: $7,899,999.00Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations → Cash sources and uses: $43,982,867.00Net cash from operating activities → Cash sources and uses: $12,678,405.00Net cash from financing activities → Cash sources and uses: $314,720,015.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $339,092,289.00Cash sources and uses → Net cash used in investing activities: $32,288,998.00Net income: $11,148,306.00Net income+$11.15 MDepreciation expense: $6,768,987.00Depreciation expense+$6.77 MAmortization of other intangible assets: $4,824,386.00Intangible amortization+$4.82 MGain on disposal of property and equipment: -$48,998.00PP&E disposal gain & loss−$49.00 KAmortization of debt issuance costs: $145,423.00Debt issuance cost amortization+$145.42 KNoncash stock compensation: $269,665.00Stock-based compensation+$269.67 KEarnings from investments in unconsolidated affiliates: -$0.00Provision for deferred income taxes: -$1,074,489.00Deferred income taxes−$1.07 MAccounts receivable, net: -$15,961,352.00Accounts receivable−$15.96 MContract assets: -$12,993,483.00Contract assets−$12.99 MPrepaid expenses: -$412,310.00Prepaid expenses−$412.31 KOther assets: $59,431.00Other operating assets+$59.43 KAccounts payable: $17,061,798.00Accounts payable+$17.06 MAccrued expenses: $3,257,750.00Accrued liabilities+$3.26 MContract liabilities: -$2,318,880.00Deferred revenue−$2.32 MRemaining operating cash flows, net (calculated): $1,952,171.00Remaining operating (calculated)+$1.95 MNet cash from operating activities: $12,678,405.00Operating cash+$12.68 MOperating adjustments reconciliation: $34,339,611.00Proceeds from notes payable: $33,000,000.00Notes payable issued+$33.00 MPrincipal payments on notes payable: -$35,545,401.00Notes payable repaid−$35.55 MPayment of debt issuance costs: $0.00Principal payments on finance lease obligations: -$975,720.00Finance lease payments−$975.72 KPayments of deferred consideration: -$200,001.00Deferred consideration paid−$200.00 KMember distributions: $0.00Proceeds from equity offering, net of underwriting discounts: $319,010,000.00Equity issued+$319.01 MPayment of issuance costs: -$568,863.00Stock issuance costs−$568.86 KNet cash from financing activities: $314,720,015.00Financing cash+$314.72 Mfinancing reconciliation: $352,010,000.00Proceeds from the sale of property and equipment: $278,077.00PP&E sales+$278.08 KPurchases of property and equipment: -$24,667,076.00PP&E purchases−$24.67 MAcquisitions, net of cash acquired: -$7,899,999.00Acquisitions, net of cash−$7.90 MNet cash used in investing activities: -$32,288,998.00. Cash required to fund net payments.Investing cash−$32.29 Minvesting reconciliation: $32,567,075.00Cash sources and uses: $371,381,287.00Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $43,982,867.00Beginning cash$43.98 MEnding cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $339,092,289.00Ending cash$339.09 MCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsFree cash flow−$11.99 MOperating cash − cash spent on PP&ECash flow / Net income1.14×Operating cash flow ÷ net incomeNet cash change+$295.11 MEnding cash − beginning cash
Chart details

Cardinal Infrastructure Group Inc cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026

Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 31, 2026
43,982,867 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
Operating activities
12,678,405 US dollars. Net cash provided. The remaining amount is calculated by subtracting the other displayed items from the operating total. This quarter is the year to date less the prior quarter's year to date. The prior quarter reported part of this section under different lines (Other liabilities), so Change in fair value of tax receivable agreement liability cannot be separated for this quarter. It may combine inflows and outflows.
Net income
11,148,306 US dollars
Depreciation expense
6,768,987 US dollars
Amortization of other intangible assets
4,824,386 US dollars
Gain on disposal of property and equipment
negative 48,998 US dollars
Amortization of debt issuance costs
145,423 US dollars
Noncash stock compensation
269,665 US dollars
Earnings from investments in unconsolidated affiliates
0 US dollars
Provision for deferred income taxes
negative 1,074,489 US dollars
Accounts receivable, net
negative 15,961,352 US dollars
Contract assets
negative 12,993,483 US dollars
Prepaid expenses
negative 412,310 US dollars
Other assets
59,431 US dollars
Accounts payable
17,061,798 US dollars
Accrued expenses
3,257,750 US dollars
Contract liabilities
negative 2,318,880 US dollars
Remaining operating cash flows, net (calculated)
1,952,171 US dollars
Investing activities
negative 32,288,998 US dollars. Net cash used.
Proceeds from the sale of property and equipment
278,077 US dollars
Purchases of property and equipment
negative 24,667,076 US dollars
Acquisitions, net of cash acquired
negative 7,899,999 US dollars
Financing activities
314,720,015 US dollars. Net cash provided.
Proceeds from notes payable
33,000,000 US dollars
Principal payments on notes payable
negative 35,545,401 US dollars
Payment of debt issuance costs
0 US dollars
Principal payments on finance lease obligations
negative 975,720 US dollars
Payments of deferred consideration
negative 200,001 US dollars
Member distributions
0 US dollars
Proceeds from equity offering, net of underwriting discounts
319,010,000 US dollars
Payment of issuance costs
negative 568,863 US dollars
Operating adjustment reconciliation
34,339,611 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
financing gross reconciliation
352,010,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
32,567,075 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Jun 30, 2026
339,092,289 US dollars. Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
Cash sources and uses
371,381,287 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
295,109,422 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.14×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
12,678,405 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
24,667,076 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 11,988,671 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $1.53M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 12,678,405 US dollars minus 24,667,076 US dollars equals negative 11,988,671 US dollars.
Cardinal Infrastructure Group Inc (CDNL) FY2026 Q2 Statement of Cash Flows Sankey chart
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