KARMAN HOLDINGS INC. (KRMN) FY2026 YTD Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-06-30

Swipe to see the full flow
KARMAN 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, including disposal groups and discontinued operations. 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. 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.Proceeds from notes payable → financing reconciliation: $265,000,000.00financing reconciliation → Net cash from financing activities: $252,235,000.00financing reconciliation → Payments of debt issuance costs: $4,870,000.00financing reconciliation → Repayments of notes payable: $3,935,000.00financing reconciliation → Finance lease payments: $2,148,000.00financing reconciliation → Taxes paid on vested stock awards: $1,812,000.00Proceeds from sale of property and equipment → investing reconciliation: $387,000.00investing reconciliation → Acquisitions of businesses, net of cash acquired: $210,000,000.00investing reconciliation → Purchases of property and equipment: $21,865,000.00Net cash used in operating activities → operating reconciliation: $2,975,000.00Net income (loss) → operating reconciliation: $21,826,000.00Depreciation and amortization → operating reconciliation: $31,808,000.00Share-based compensation expenses → operating reconciliation: $1,444,000.00Amortization of debt issuance costs → operating reconciliation: $947,000.00Non-cash interest expense and other non-cash adjustments → operating reconciliation: $751,000.00ROU assets and lease liabilities → operating reconciliation: $287,000.00operating reconciliation → Accounts receivable: $25,455,000.00operating reconciliation → Contract assets: $24,851,000.00operating reconciliation → Inventory: $4,651,000.00operating reconciliation → Deferred income taxes: $2,254,000.00operating reconciliation → Prepaids and other assets: $1,775,000.00operating reconciliation → Accounts payable, accruals and income taxes payable: $755,000.00operating reconciliation → Contract liabilities: $258,000.00operating reconciliation → (Gain) / Loss from sale of property and equipment: $39,000.00Net cash used in investing activities → investing reconciliation: $231,478,000.00Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations → Cash sources and uses: $33,959,000.00Net cash from financing activities → Cash sources and uses: $252,235,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $51,741,000.00Cash sources and uses → Net cash used in investing activities: $231,478,000.00Cash sources and uses → Net cash used in operating activities: $2,975,000.00Net income (loss): $21,826,000.00Net income (loss)+$21.83 MDepreciation and amortization: $31,808,000.00Depreciation & amortization+$31.81 MAmortization of debt issuance costs: $947,000.00Debt issuance cost amortization+$947.00 KNon-cash interest expense and other non-cash adjustments: $751,000.00Non-cash interest & other+$751.00 K(Gain) / Loss from sale of property and equipment: -$39,000.00PP&E disposal gain & loss−$39.00 KDeferred income taxes: -$2,254,000.00Deferred income taxes−$2.25 MShare-based compensation expenses: $1,444,000.00Stock-based compensation+$1.44 MAccounts receivable: -$25,455,000.00Accounts receivable−$25.46 MContract assets: -$24,851,000.00Contract assets−$24.85 MInventory: -$4,651,000.00Inventories−$4.65 MPrepaids and other assets: -$1,775,000.00Prepaid & other assets−$1.78 MAccounts payable, accruals and income taxes payable: -$755,000.00Payables, accruals & taxes−$755.00 KContract liabilities: -$258,000.00Deferred revenue−$258.00 KROU assets and lease liabilities: $287,000.00ROU assets and lease liabilities+$287.00 KNet cash used in operating activities: -$2,975,000.00. Cash required to fund net payments.Operating cash−$2.98 Moperating reconciliation: $60,038,000.00Finance lease payments: -$2,148,000.00Finance lease payments−$2.15 MProceeds from notes payable: $265,000,000.00Notes payable issued+$265.00 MRepayments of notes payable: -$3,935,000.00Notes payable repaid−$3.94 MPayments of debt issuance costs: -$4,870,000.00Debt issuance costs−$4.87 MTaxes paid on vested stock awards: -$1,812,000.00Stock-award tax withholding−$1.81 MNet cash from financing activities: $252,235,000.00Financing cash+$252.24 Mfinancing reconciliation: $265,000,000.00Proceeds from sale of property and equipment: $387,000.00PP&E sales+$387.00 KPurchases of property and equipment: -$21,865,000.00PP&E purchases−$21.87 MAcquisitions of businesses, net of cash acquired: -$210,000,000.00Acquisitions, net of cash−$210.00 MNet cash used in investing activities: -$231,478,000.00. Cash required to fund net payments.Investing cash−$231.48 Minvesting reconciliation: $231,865,000.00Cash sources and uses: $286,194,000.00Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $33,959,000.00Beginning cash$33.96 MEnding cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $51,741,000.00Ending cash$51.74 MCASH RECONCILIATIONFinancingflowsInvestingflowsOperatingflowsFree cash flow−$24.84 MOperating cash − cash spent on PP&ECash flow / Net income−0.14×Operating cash flow ÷ net incomeNet cash change+$17.78 MEnding cash − beginning cash
Chart details

KARMAN 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, including disposal groups and discontinued operations. 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
33,959,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
Operating activities
negative 2,975,000 US dollars. Net cash used.
Net income (loss)
21,826,000 US dollars
Depreciation and amortization
31,808,000 US dollars
Amortization of debt issuance costs
947,000 US dollars
Non-cash interest expense and other non-cash adjustments
751,000 US dollars
(Gain) / Loss from sale of property and equipment
negative 39,000 US dollars
Deferred income taxes
negative 2,254,000 US dollars
Share-based compensation expenses
1,444,000 US dollars
Accounts receivable
negative 25,455,000 US dollars
Contract assets
negative 24,851,000 US dollars
Inventory
negative 4,651,000 US dollars
Prepaids and other assets
negative 1,775,000 US dollars
Accounts payable, accruals and income taxes payable
negative 755,000 US dollars
Contract liabilities
negative 258,000 US dollars
ROU assets and lease liabilities
287,000 US dollars
Investing activities
negative 231,478,000 US dollars. Net cash used.
Proceeds from sale of property and equipment
387,000 US dollars
Purchases of property and equipment
negative 21,865,000 US dollars
Acquisitions of businesses, net of cash acquired
negative 210,000,000 US dollars
Financing activities
252,235,000 US dollars. Net cash provided.
Finance lease payments
negative 2,148,000 US dollars
Proceeds from notes payable
265,000,000 US dollars
Repayments of notes payable
negative 3,935,000 US dollars
Payments of debt issuance costs
negative 4,870,000 US dollars
Taxes paid on vested stock awards
negative 1,812,000 US dollars
Operating adjustment reconciliation
60,038,000 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
265,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
231,865,000 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
51,741,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
Cash sources and uses
286,194,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
17,782,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
−0.14×. 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
negative 2,975,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
21,865,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 24,840,000 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 income or operating cash is negative. The full signed reconciliation is retained: losses remain deductions, and any negative operating-cash total enters the junction from the cash pool. No positive direct-income connection is implied.
  • 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: negative 2,975,000 US dollars minus 21,865,000 US dollars equals negative 24,840,000 US dollars.
KARMAN HOLDINGS INC. (KRMN) FY2026 YTD Q2 Statement of Cash Flows Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Newsletter

Get the teardowns by email

Subscribe if you want the public-company teardowns in your inbox when they're released.

Product waitlist

Health Check and Teardown for your own company

A health check uncovers insights of your private books, not a public ticker. Join this list to get notified as soon as we go-live!