LINDBLAD EXPEDITIONS HOLDINGS, INC. (LIND) 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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LINDBLAD EXPEDITIONS 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.Net income (loss) → Net cash from operating activities: $5,708,000.00Unearned passenger revenues → Operating adjustments reconciliation: $78,377,000.00Depreciation and amortization → Operating adjustments reconciliation: $36,161,000.00Stock-based compensation → Operating adjustments reconciliation: $3,681,000.00Amortization of right-to-use lease assets → Operating adjustments reconciliation: $1,477,000.00Amortization of deferred financing costs, net → Operating adjustments reconciliation: $1,317,000.00Loss (gain) on foreign currency → Operating adjustments reconciliation: $629,000.00Prepaid expenses and other current assets → Operating adjustments reconciliation: $311,000.00Operating adjustments reconciliation → Net cash from operating activities: $102,821,000.00Operating adjustments reconciliation → Accounts payable and accrued expenses: $16,309,000.00Operating adjustments reconciliation → Deferred income taxes: $1,370,000.00Operating adjustments reconciliation → Operating lease liabilities: $1,064,000.00Operating adjustments reconciliation → Other long-term assets: $389,000.00Net cash used in investing activities → investing reconciliation: $14,885,000.00investing reconciliation → Purchases of property and equipment: $14,885,000.00Net cash used in financing activities → financing reconciliation: $18,477,000.00Proceeds from exercise of options → financing reconciliation: $6,603,000.00financing reconciliation → Additional acquisition of redeemable noncontrolling interest: $19,760,000.00financing reconciliation → Repurchase under stock-based compensation plans, related tax impacts: $4,596,000.00financing reconciliation → Noncontrolling interest distributions: $604,000.00financing reconciliation → Payment of deferred financing costs: $117,000.00financing reconciliation → Repayments of long-term debt: $3,000.00Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations → Cash sources and uses: $289,735,000.00Net cash from operating activities → Cash sources and uses: $108,529,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $364,902,000.00Cash sources and uses → Net cash used in investing activities: $14,885,000.00Cash sources and uses → Net cash used in financing activities: $18,477,000.00Other long-term assets: -$389,000.00Other noncurrent assets−$389.00 KAmortization of deferred financing costs, net: $1,317,000.00Debt cost amortization+$1.32 MAccounts payable and accrued expenses: -$16,309,000.00Payables & accrued liabilities−$16.31 MAmortization of right-to-use lease assets: $1,477,000.00Operating lease amortization+$1.48 MOperating lease liabilities: -$1,064,000.00Operating lease liabilities−$1.06 MStock-based compensation: $3,681,000.00Stock-based compensation+$3.68 MDeferred income taxes: -$1,370,000.00Deferred taxes & credits−$1.37 MLoss (gain) on foreign currency: $629,000.00FX transaction gain & loss+$629.00 KNet income (loss): $5,708,000.00Net income (loss)+$5.71 MPrepaid expenses and other current assets: $311,000.00Prepaid & other assets+$311.00 KUnearned passenger revenues: $78,377,000.00Deferred revenue+$78.38 MDepreciation and amortization: $36,161,000.00Depreciation & amortization+$36.16 MNet cash from operating activities: $108,529,000.00Operating cash+$108.53 MOperating adjustments reconciliation: $121,953,000.00Repayments of long-term debt: -$3,000.00Long-term debt repaid−$3.00 KPayment of deferred financing costs: -$117,000.00Financing costs paid−$117.00 KProceeds from exercise of options: $6,603,000.00Stock option exercises+$6.60 MRepurchase under stock-based compensation plans, related tax impacts: -$4,596,000.00Stock-award tax withholding−$4.60 MAdditional acquisition of redeemable noncontrolling interest: -$19,760,000.00Redeemable NCI purchases−$19.76 MNoncontrolling interest distributions: -$604,000.00Paid to noncontrolling interests−$604.00 KNet cash used in financing activities: -$18,477,000.00. Cash required to fund net payments.Financing cash−$18.48 Mfinancing reconciliation: $25,080,000.00Purchases of property and equipment: -$14,885,000.00PP&E purchases−$14.89 MAcquisitions (net of cash acquired): $0.00Net cash used in investing activities: -$14,885,000.00. Cash required to fund net payments.Investing cash−$14.89 Minvesting reconciliation: $14,885,000.00Cash sources and uses: $398,264,000.00Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $289,735,000.00Beginning cash$289.74 MEnding cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $364,902,000.00Ending cash$364.90 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$93.64 MOperating cash − cash spent on PP&ECash flow / Net income19.01×Operating cash flow ÷ net incomeNet cash change+$75.17 MEnding cash − beginning cash
Chart details

LINDBLAD EXPEDITIONS 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
289,735,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
Operating activities
108,529,000 US dollars. Net cash provided.
Other long-term assets
negative 389,000 US dollars
Amortization of deferred financing costs, net
1,317,000 US dollars
Accounts payable and accrued expenses
negative 16,309,000 US dollars
Amortization of right-to-use lease assets
1,477,000 US dollars
Operating lease liabilities
negative 1,064,000 US dollars
Stock-based compensation
3,681,000 US dollars
Deferred income taxes
negative 1,370,000 US dollars
Loss (gain) on foreign currency
629,000 US dollars
Net income (loss)
5,708,000 US dollars
Prepaid expenses and other current assets
311,000 US dollars
Unearned passenger revenues
78,377,000 US dollars
Depreciation and amortization
36,161,000 US dollars
Investing activities
negative 14,885,000 US dollars. Net cash used.
Purchases of property and equipment
negative 14,885,000 US dollars
Acquisitions (net of cash acquired)
0 US dollars
Financing activities
negative 18,477,000 US dollars. Net cash used.
Repayments of long-term debt
negative 3,000 US dollars
Payment of deferred financing costs
negative 117,000 US dollars
Proceeds from exercise of options
6,603,000 US dollars
Repurchase under stock-based compensation plans, related tax impacts
negative 4,596,000 US dollars
Additional acquisition of redeemable noncontrolling interest
negative 19,760,000 US dollars
Noncontrolling interest distributions
negative 604,000 US dollars
Operating adjustment reconciliation
121,953,000 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
25,080,000 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
14,885,000 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
364,902,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
Cash sources and uses
398,264,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
75,167,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
19.01×. 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
108,529,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
14,885,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
93,644,000 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 $102.82M 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: 108,529,000 US dollars minus 14,885,000 US dollars equals 93,644,000 US dollars.
LINDBLAD EXPEDITIONS HOLDINGS, INC. (LIND) FY2026 YTD Q2 Statement of Cash Flows Sankey chart
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