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

- Company: Cardinal Infrastructure Group Inc (CDNL)
- Period: 2026-04-01 to 2026-06-30
- Filing: Q2 FY2026 10-Q, filed 2026-08-12, accession number 0001193125-26-345109
- Page: https://plicit.ai/financials/cdnl/fy2026-q2-cash-flow
- Chart image: https://plicit.ai/charts/cdnl-fy2026-q2-cash-flow-sankey.png

## Chart details

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.