Karat Packaging Inc. (KRT) FY2026 Q2 Statement of Cash Flows
2026-04-01 to 2026-06-30
Statement of Cash Flows
2026-04-01 to 2026-06-30
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Chart details
Karat Packaging Inc. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026
Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. 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
- 28,680,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- Operating activities
- 33,154,000 US dollars. Net cash provided.
- Amortization of operating right-of-use assets
- 2,786,000 US dollars
- Net income
- 29,649,000 US dollars
- Accounts payable (including ($97) and $100 associated with variable interest entity for the six months ended June 30, 2026 and 2025, respectively)
- 9,715,000 US dollars
- Deferred revenue
- negative 111,000 US dollars
- Stock-based compensation
- 596,000 US dollars
- Write-off of inventories
- 316,000 US dollars
- Amortization of loan fees (including $31 associated with variable interest entity for both the six months ended June 30, 2026 and 2025)
- 57,000 US dollars
- Accounts receivable (including $4 and $0 associated with variable interest entity for the six months ended June 30, 2026 and 2025, respectively)
- negative 7,144,000 US dollars
- Operating lease liabilities
- negative 3,037,000 US dollars
- Loss (gain), net, on disposal of property and equipment
- 60,000 US dollars
- Income taxes payable
- 4,438,000 US dollars
- Other liabilities (including ($4) and $67 associated with variable interest entity for the six months ended June 30, 2026 and 2025, respectively)
- 1,000 US dollars
- Depreciation and amortization (including $606 and $607 associated with variable interest entity for the six months ended June 30, 2026 and 2025, respectively)
- 2,727,000 US dollars
- Inventories
- negative 9,411,000 US dollars
- Prepaid expenses and other current assets (including ($7) and $32 associated with variable interest entity for the six months ended June 30, 2026 and 2025, respectively)
- negative 2,514,000 US dollars
- Related party payable
- 1,928,000 US dollars
- Accrued expenses (including ($211) and $173 associated with variable interest entity for the six months ended June 30, 2026 and 2025, respectively)
- 2,913,000 US dollars
- Other non-current assets (including $31 and $4 associated with variable interest entity for the six months ended June 30, 2026 and 2025, respectively)
- negative 10,000 US dollars
- Government grant income (including ($16) associated with variable interest entity for both the six months ended June 30, 2026 and 2025)
- negative 18,000 US dollars
- Adjustments to inventory reserve
- 19,000 US dollars
- Adjustments to allowance for bad debt
- 206,000 US dollars
- Unrealized loss from investment in publicly-traded equity securities
- negative 12,000 US dollars
- Investing activities
- negative 11,376,000 US dollars. Net cash used.
- Purchases of property and equipment
- negative 56,000 US dollars
- Proceeds from disposal of property and equipment
- 0 US dollars
- Deposits paid for property and equipment
- negative 1,320,000 US dollars
- Purchases of publicly-traded equity securities
- 0 US dollars
- Proceeds from disposal of publicly-traded equity securities
- 0 US dollars
- Purchases of short-term investments (including $0 and $7,982 associated with variable interest entity for the six months ended June 30, 2026 and 2025, respectively)
- negative 10,000,000 US dollars
- Redemption of short-term investments (including $0 and $7,678 associated with variable interest entity for the six months ended June 30, 2026 and 2025, respectively)
- 0 US dollars
- Financing activities
- negative 12,059,000 US dollars. Net cash used.
- Payment of long-term debt (including ($1,232) and ($583) associated with variable interest entity for the six months ended June 30, 2026 and 2025, respectively)
- negative 816,000 US dollars
- Payments for lender fees
- negative 100,000 US dollars
- Proceeds from exercise of common stock options
- 0 US dollars
- Repurchase of common stock
- negative 2,003,000 US dollars
- Dividends paid to shareholders
- negative 8,970,000 US dollars
- Payment of Global Wells membership interest tax withholding (including ($382) and ($295) associated with variable interest entity for the six months ended June 30, 2026 and 2025, respectively)
- negative 170,000 US dollars
- Payment of Global Wells noncontrolling membership interest redemption gain tax withholding (including $0 and ($879) associated with variable interest entity for the six months ended June 30, 2026 and 2025, respectively)
- 0 US dollars
- Operating adjustment reconciliation
- 25,762,000 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
- 12,059,000 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
- 11,376,000 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
- 38,399,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- Cash sources and uses
- 61,834,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- Net cash change
- 9,719,000 US dollars. Ending cash minus beginning cash.
- Cash flow / Net income
- 1.12×. 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
- 33,154,000 US dollars. Operating cash flow used in the free cash flow calculation.
- Cash purchases of property, plant and equipment
- 56,000 US dollars. These cash purchases are already included in investing activities above.
- Free cash flow
- 33,098,000 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 enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $3.51M 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: 33,154,000 US dollars minus 56,000 US dollars equals 33,098,000 US dollars.
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