Calumet, Inc. /DE (CLMT) FY2026 YTD Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-06-30

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Calumet, Inc. /DE cash flow reconciliation, Jan 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. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. 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.RINs expense → operating reconciliation: $310,900,000.00Accounts payable → operating reconciliation: $101,300,000.00Unrealized (gain) loss on derivative instruments → operating reconciliation: $93,700,000.00Depreciation and amortization → operating reconciliation: $67,600,000.00Equity based compensation → operating reconciliation: $44,900,000.00Non-cash interest expense → operating reconciliation: $23,900,000.00Amortization of turnaround costs → operating reconciliation: $19,200,000.00Accrued interest payable → operating reconciliation: $6,200,000.00Prepaid expenses and other current assets → operating reconciliation: $3,800,000.00Debt extinguishment costs → operating reconciliation: $1,700,000.00Other taxes payable → operating reconciliation: $400,000.00operating reconciliation → Net cash from operating activities: $6,100,000.00operating reconciliation → Net loss: $412,900,000.00operating reconciliation → Accounts receivable: $185,500,000.00operating reconciliation → Lower of cost or market inventory adjustment: $21,800,000.00operating reconciliation → Turnaround costs: $18,500,000.00operating reconciliation → Inventories: $14,000,000.00operating reconciliation → Accrued salaries, wages and benefits: $13,600,000.00operating reconciliation → Other liabilities: $800,000.00operating reconciliation → Other adjustments to reconcile net loss to cash flow from operating activities: $200,000.00operating reconciliation → Other assets: $200,000.00investing reconciliation → Additions to property, plant and equipment: $51,500,000.00investing reconciliation → Other: $1,500,000.00Net cash used in financing activities → financing reconciliation: $8,400,000.00Proceeds from borrowings — revolving credit facility → financing reconciliation: $846,800,000.00Proceeds from borrowings — senior notes → financing reconciliation: $557,700,000.00Proceeds from inventory financing → financing reconciliation: $188,200,000.00financing reconciliation → Repayments of borrowings — revolving credit facility: $923,100,000.00financing reconciliation → Repayments of borrowings — senior notes: $449,400,000.00financing reconciliation → Payments on inventory financing: $193,700,000.00financing reconciliation → Payments on asset financing arrangements: $15,400,000.00financing reconciliation → Debt issuance costs, debt discounts and premiums: $12,900,000.00financing reconciliation → Payments on other financing obligations: $6,600,000.00Net cash used in investing activities → investing reconciliation: $53,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $205,100,000.00Net cash from operating activities → Cash sources and uses: $6,100,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $149,800,000.00Cash sources and uses → Net cash used in investing activities: $53,000,000.00Cash sources and uses → Net cash used in financing activities: $8,400,000.00Net loss: -$412,900,000.00Net loss−$412.90 MRINs expense: $310,900,000.00RINs expense+$310.90 MDepreciation and amortization: $67,600,000.00Depreciation & amortization+$67.60 MOther adjustments to reconcile net loss to cash flow from operating activities: -$200,000.00Other non-cash items−$200.00 KAmortization of turnaround costs: $19,200,000.00Amortization of turnaround costs+$19.20 MNon-cash interest expense: $23,900,000.00Debt cost amortization+$23.90 MDebt extinguishment costs: $1,700,000.00Debt extinguishment costs+$1.70 MUnrealized (gain) loss on derivative instruments: $93,700,000.00Derivative value change+$93.70 MGain on sale of business: $0.00Equity based compensation: $44,900,000.00Stock-based compensation+$44.90 MLower of cost or market inventory adjustment: -$21,800,000.00Inventory write-downs−$21.80 MAccounts receivable: -$185,500,000.00Accounts receivable−$185.50 MInventories: -$14,000,000.00Inventories−$14.00 MPrepaid expenses and other current assets: $3,800,000.00Prepaid & other assets+$3.80 MTurnaround costs: -$18,500,000.00Turnaround costs−$18.50 MOther assets: -$200,000.00Other operating assets−$200.00 KAccounts payable: $101,300,000.00Accounts payable+$101.30 MAccrued interest payable: $6,200,000.00Accrued interest+$6.20 MAccrued salaries, wages and benefits: -$13,600,000.00Accrued salaries & wages−$13.60 MOther taxes payable: $400,000.00Accrued taxes+$400.00 KOther liabilities: -$800,000.00Other operating liabilities−$800.00 KNet cash from operating activities: $6,100,000.00Operating cash+$6.10 Moperating reconciliation: $673,600,000.00Proceeds from borrowings — revolving credit facility: $846,800,000.00Long-term credit line borrowings+$846.80 MRepayments of borrowings — revolving credit facility: -$923,100,000.00Long-term credit line repayments−$923.10 MProceeds from borrowings — MRL revolving credit agreement: $0.00Repayments of borrowings — MRL revolving credit agreement: $0.00Proceeds from borrowings — senior notes: $557,700,000.00Senior debt issued+$557.70 MRepayments of borrowings — senior notes: -$449,400,000.00Early senior debt repaid−$449.40 MProceeds from inventory financing: $188,200,000.00Inventory financing proceeds+$188.20 MPayments on inventory financing: -$193,700,000.00Payments on inventory financing−$193.70 MProceeds from DOE Loan: $0.00Proceeds from asset financing arrangements: $0.00Payments on asset financing arrangements: -$15,400,000.00Asset financing paid−$15.40 MRepayments of borrowings - MRL Asset Financing Arrangements: $0.00Repayments of borrowings - MRL Term Loan Credit Agreement: $0.00Debt issuance costs, debt discounts and premiums: -$12,900,000.00Debt issuance costs−$12.90 MPayments on other financing obligations: -$6,600,000.00Other financing obligations paid−$6.60 MNet cash used in financing activities: -$8,400,000.00. Cash required to fund net payments.Financing cash−$8.40 Mfinancing reconciliation: $1,601,100,000.00Additions to property, plant and equipment: -$51,500,000.00PP&E purchases−$51.50 MProceeds from sale of business, net: $0.00Other: -$1,500,000.00Other investing, net−$1.50 MNet cash used in investing activities: -$53,000,000.00. Cash required to fund net payments.Investing cash−$53.00 Minvesting reconciliation: $53,000,000.00Cash sources and uses: $211,200,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $205,100,000.00Beginning cash$205.10 MEnding cash: Cash, cash equivalents, and restricted cash: $149,800,000.00Ending cash$149.80 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsNet loss −$412.90M + net operating adjustments $419.00M = operating cash +$6.10MFree cash flow−$45.40 MOperating cash − cash spent on PP&ECash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change−$55.30 MEnding cash − beginning cash
Chart details

Calumet, Inc. /DE cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026

Cash flows for Jan 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. 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 Dec 31, 2025
205,100,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
6,100,000 US dollars. Net cash provided.
Net loss
negative 412,900,000 US dollars
RINs expense
310,900,000 US dollars
Depreciation and amortization
67,600,000 US dollars
Other adjustments to reconcile net loss to cash flow from operating activities
negative 200,000 US dollars
Amortization of turnaround costs
19,200,000 US dollars
Non-cash interest expense
23,900,000 US dollars
Debt extinguishment costs
1,700,000 US dollars
Unrealized (gain) loss on derivative instruments
93,700,000 US dollars
Gain on sale of business
0 US dollars
Equity based compensation
44,900,000 US dollars
Lower of cost or market inventory adjustment
negative 21,800,000 US dollars
Accounts receivable
negative 185,500,000 US dollars
Inventories
negative 14,000,000 US dollars
Prepaid expenses and other current assets
3,800,000 US dollars
Turnaround costs
negative 18,500,000 US dollars
Other assets
negative 200,000 US dollars
Accounts payable
101,300,000 US dollars
Accrued interest payable
6,200,000 US dollars
Accrued salaries, wages and benefits
negative 13,600,000 US dollars
Other taxes payable
400,000 US dollars
Other liabilities
negative 800,000 US dollars
Investing activities
negative 53,000,000 US dollars. Net cash used.
Additions to property, plant and equipment
negative 51,500,000 US dollars
Proceeds from sale of business, net
0 US dollars
Other
negative 1,500,000 US dollars
Financing activities
negative 8,400,000 US dollars. Net cash used.
Proceeds from borrowings — revolving credit facility
846,800,000 US dollars
Repayments of borrowings — revolving credit facility
negative 923,100,000 US dollars
Proceeds from borrowings — MRL revolving credit agreement
0 US dollars
Repayments of borrowings — MRL revolving credit agreement
0 US dollars
Proceeds from borrowings — senior notes
557,700,000 US dollars
Repayments of borrowings — senior notes
negative 449,400,000 US dollars
Proceeds from inventory financing
188,200,000 US dollars
Payments on inventory financing
negative 193,700,000 US dollars
Proceeds from DOE Loan
0 US dollars
Proceeds from asset financing arrangements
0 US dollars
Payments on asset financing arrangements
negative 15,400,000 US dollars
Repayments of borrowings - MRL Asset Financing Arrangements
0 US dollars
Repayments of borrowings - MRL Term Loan Credit Agreement
0 US dollars
Debt issuance costs, debt discounts and premiums
negative 12,900,000 US dollars
Payments on other financing obligations
negative 6,600,000 US dollars
Operating adjustment reconciliation
673,600,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
1,601,100,000 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
53,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Jun 30, 2026
149,800,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
211,200,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 55,300,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.
Operating cash flow
6,100,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
51,500,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 45,400,000 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 loss −$412.90M + net operating adjustments $419.00M = operating cash +$6.10M. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
  • 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: 6,100,000 US dollars minus 51,500,000 US dollars equals negative 45,400,000 US dollars.
Calumet, Inc. /DE (CLMT) FY2026 YTD Q2 Statement of Cash Flows Sankey chart
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