FORTREA HOLDINGS INC. (FTRE) 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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FORTREA HOLDINGS INC. 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. 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. 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.Depreciation and amortization → operating reconciliation: $39,400,000.00Increase in unearned revenue → operating reconciliation: $28,700,000.00Increase (decrease) in accounts payable → operating reconciliation: $24,600,000.00Stock compensation → operating reconciliation: $24,000,000.00Decrease in prepaid expenses and other → operating reconciliation: $17,500,000.00Operating lease right-of-use asset expense → operating reconciliation: $4,100,000.00Credit loss expense → operating reconciliation: $4,000,000.00Other, net → operating reconciliation: $2,500,000.00Deferred income taxes → operating reconciliation: $900,000.00operating reconciliation → Net cash from operating activities: $11,900,000.00operating reconciliation → Net loss: $36,800,000.00operating reconciliation → Increase in accounts receivable and unbilled services, net: $70,000,000.00operating reconciliation → Decrease in accrued expenses and other: $18,300,000.00operating reconciliation → Unrealized foreign exchange movements: $8,700,000.00Net cash used in investing activities → investing reconciliation: $15,000,000.00Proceeds from sale of assets → investing reconciliation: $2,000,000.00investing reconciliation → Capital expenditures: $17,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $174,600,000.00Net cash from operating activities → Cash sources and uses: $11,900,000.00Cash sources and uses → Exchange-rate effect: $2,900,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $168,600,000.00Cash sources and uses → Net cash used in investing activities: $15,000,000.00Decrease in accrued expenses and other: -$18,300,000.00Accrued liabilities−$18.30 MIncrease (decrease) in accounts payable: $24,600,000.00Accounts payable+$24.60 MDecrease in prepaid expenses and other: $17,500,000.00Prepaid & other assets+$17.50 MStock compensation: $24,000,000.00Stock-based compensation+$24.00 MOperating lease right-of-use asset impairment: $0.00Increase in accounts receivable and unbilled services, net: -$70,000,000.00Receivables & unbilled, net−$70.00 MNet loss: -$36,800,000.00Net loss−$36.80 MDeferred income taxes: $900,000.00Deferred income taxes+$900.00 KIncrease in unearned revenue: $28,700,000.00Deferred revenue+$28.70 MGoodwill and other asset impairments: $0.00Depreciation and amortization: $39,400,000.00Depreciation & amortization+$39.40 MOther, net: $2,500,000.00Other non-cash items+$2.50 MOperating lease right-of-use asset expense: $4,100,000.00Operating lease amortization+$4.10 MCredit loss expense: $4,000,000.00Credit loss provision+$4.00 MUnrealized foreign exchange movements: -$8,700,000.00Unrealized FX gain & loss−$8.70 MNet cash from operating activities: $11,900,000.00Operating cash+$11.90 Moperating reconciliation: $145,700,000.00Proceeds from revolving credit facilities: $0.00Payments on revolving credit facilities: $0.00Debt issuance costs: $0.00Net cash from financing activities: $0.00Financing cash$0.00financing reconciliation: $0.00Capital expenditures: -$17,000,000.00Capital expenditures−$17.00 MProceeds from sale of business, net: $0.00Proceeds from sale of assets: $2,000,000.00Asset sales+$2.00 MNet cash used in investing activities: -$15,000,000.00. Cash required to fund net payments.Investing cash−$15.00 Minvesting reconciliation: $17,000,000.00Cash sources and uses: $186,500,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $174,600,000.00Beginning cash$174.60 MEnding cash: Cash, cash equivalents, and restricted cash: $168,600,000.00Ending cash$168.60 MExchange-rate effect: -$2,900,000.00FX effect−$2.90 MCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsNet loss −$36.80M + net operating adjustments $48.70M = operating cash +$11.90MFree cash flow−$5.10 MOperating cash − cash spent on productive assetsCash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change−$6.00 MEnding cash − beginning cash
Chart details

FORTREA HOLDINGS INC. 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
174,600,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
11,900,000 US dollars. Net cash provided.
Net loss
negative 36,800,000 US dollars
Decrease in accrued expenses and other
negative 18,300,000 US dollars
Increase (decrease) in accounts payable
24,600,000 US dollars
Decrease in prepaid expenses and other
17,500,000 US dollars
Stock compensation
24,000,000 US dollars
Operating lease right-of-use asset impairment
0 US dollars
Increase in accounts receivable and unbilled services, net
negative 70,000,000 US dollars
Deferred income taxes
900,000 US dollars
Increase in unearned revenue
28,700,000 US dollars
Goodwill and other asset impairments
0 US dollars
Depreciation and amortization
39,400,000 US dollars
Other, net
2,500,000 US dollars
Operating lease right-of-use asset expense
4,100,000 US dollars
Credit loss expense
4,000,000 US dollars
Unrealized foreign exchange movements
negative 8,700,000 US dollars
Investing activities
negative 15,000,000 US dollars. Net cash used.
Capital expenditures
negative 17,000,000 US dollars
Proceeds from sale of business, net
0 US dollars
Proceeds from sale of assets
2,000,000 US dollars
Financing activities
0 US dollars. No net cash provided or used.
Proceeds from revolving credit facilities
0 US dollars
Payments on revolving credit facilities
0 US dollars
Debt issuance costs
0 US dollars
Operating adjustment reconciliation
145,700,000 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
0 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
17,000,000 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
negative 2,900,000 US dollars
Ending cash on Jun 30, 2026
168,600,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
186,500,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 6,000,000 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
11,900,000 US dollars. Operating cash flow used in the free cash flow calculation.
cash spent on productive assets
17,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 5,100,000 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.
  • 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 −$36.80M + net operating adjustments $48.70M = operating cash +$11.90M. 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 spent on productive assets equals free cash flow: 11,900,000 US dollars minus 17,000,000 US dollars equals negative 5,100,000 US dollars.
FORTREA HOLDINGS INC. (FTRE) FY2026 YTD Q2 Statement of Cash Flows Sankey chart
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