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

- Company: Calumet, Inc. /DE (CLMT)
- Period: 2026-01-01 to 2026-06-30
- Filing: Q2 FY2026 10-Q, filed 2026-08-07, accession number 0002013745-26-000024
- Page: https://plicit.ai/financials/clmt/fy2026-ytd-q2-cash-flow
- Chart image: https://plicit.ai/charts/clmt-fy2026-ytd-q2-cash-flow-sankey.png

## Chart details

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.