# Shoals Technologies Group, Inc. (SHLS) FY2026 Q2 Statement of Cash Flows

- Company: Shoals Technologies Group, Inc. (SHLS)
- Period: 2026-04-01 to 2026-06-30
- Filing: Q2 FY2026 10-Q, filed 2026-08-04, accession number 0001831651-26-000108
- Page: https://plicit.ai/financials/shls/fy2026-q2-cash-flow
- Chart image: https://plicit.ai/charts/shls-fy2026-q2-cash-flow-sankey.png

## Chart details

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**: 1,877,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- **Operating activities**: 6,808,000 US dollars. Net cash provided.
- **Net income**: 12,138,000 US dollars
- **Depreciation and amortization**: 4,631,000 US dollars
- **Amortization/write off of deferred financing costs**: 155,000 US dollars
- **Equity-based compensation**: 4,381,000 US dollars
- **Provision for obsolete or slow-moving inventory**: 1,727,000 US dollars
- **Provision for warranty expense**: 3,842,000 US dollars
- **Accrued expenses and other**: 7,516,000 US dollars
- **Accounts payable**: negative 14,356,000 US dollars
- **Deferred taxes**: 3,358,000 US dollars
- **Deferred revenue**: 24,902,000 US dollars
- **Other**: 1,764,000 US dollars
- **Accounts receivable**: negative 5,617,000 US dollars
- **Unbilled receivables**: negative 7,382,000 US dollars
- **Inventory**: negative 27,454,000 US dollars
- **Other assets**: negative 262,000 US dollars
- **Warranty liability**: negative 1,593,000 US dollars
- **Litigation receivable and settlement liabilities**: negative 942,000 US dollars
- **Investing activities**: negative 7,015,000 US dollars. Net cash used.
- **Proceeds from sale of property, plant and equipment**: 0 US dollars
- **Purchases of property, plant and equipment**: negative 7,015,000 US dollars
- **Financing activities**: 14,054,000 US dollars. Net cash provided.
- **Employee withholding taxes related to net settled equity awards**: negative 946,000 US dollars
- **Proceeds from revolving credit facility**: 15,000,000 US dollars
- **Repayments of revolving credit facility - Revolving Credit Facility**: 0 US dollars
- **Excise taxes on treasury stock transactions**: 0 US dollars
- **Operating adjustment reconciliation**: 57,606,000 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**: 15,000,000 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**: 7,015,000 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**: 15,724,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- **Cash sources and uses**: 22,739,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- **Net cash change**: 13,847,000 US dollars. Ending cash minus beginning cash.
- **Cash flow / Net income**: 0.56×. 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**: 6,808,000 US dollars. Operating cash flow used in the free cash flow calculation.
- **Cash purchases of property, plant and equipment**: 7,015,000 US dollars. These cash purchases are already included in investing activities above.
- **Free cash flow**: negative 207,000 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 exceeds operating cash. The diagram allocates $6.81M of net income directly to operating cash and $5.33M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of 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: 6,808,000 US dollars minus 7,015,000 US dollars equals negative 207,000 US dollars.