ADES

Ades Holding Company

2382StocksTadawulEnergy

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021	2020Dec 31, 2020
Operations
Operating Cash Flow	3.00B	2.28B	1.15B	0.32B	0.62B
Free Cash Flow	0.62B	-1.77B	-2.78B	-0.04B	0.18B
Capital Expenditures	-2.38B	-4.05B	-3.92B	-0.35B	-0.44B
Investing & Financing
Investing Cash Flow	-3.19B	-3.74B	-6.44B	-1.46B	-0.44B
Financing Cash Flow	0.50B	1.89B	5.25B	1.15B	-0.40B
Dividends Paid	-237.50M	—	—	—	—
Share Repurchase	—	—	—	—	-80.58M
Operating Activities
Operating Cash Flow	3.00B	2.28B	1.15B	0.32B	0.62B
Net Income	802.50M	442.10M	390.45M	107.81M	73.58M
Change in Accounts Payable	69.17M	34.56M	321.53M	-87.85M	-7.79M
Change in Accounts Receivable	-138.15M	-423.85M	-44.15M	-136.79M	27.80M
Change in Inventory	-184.46M	-147.62M	-37.12M	3.54M	-15.91M
Change in Other Net Operating Assets	10.54M	31.88M	-39.86M	-55.99M	5.43M
Change in Unearned Revenue	171.28M	721.94M	—	—	—
Change in Working Capital	-71.63M	216.92M	200.40M	-277.09M	9.54M
Other Operating Activities	906.74M	774.07M	-100.96M	-152.16M	235.57M
Provision & Write-off of Bad Debts	—	—	236.56M	215.92M	9.59M
Depreciation & Amortization	1.27B	0.80B	0.40B	0.28B	0.23B
Other Amortization	47.14M	45.27M	16.00M	24.75M	18.72M
Stock-Based Compensation	110.65M	—	—	0.07M	14.42M
Cash Interest Paid	818.93M	869.66M	372.52M	247.24M	218.73M
Cash Income Tax Paid	73.81M	26.88M	46.87M	39.21M	36.23M
Loss (Gain) on Equity Investments	-18.60M	0.96M	0.94M	0.12M	1.67M
Asset Writedown & Restructuring Costs	-38.91M	—	—	113.83M	19.13M
Investing Activities
Investing Cash Flow	-3.19B	-3.74B	-6.44B	-1.46B	-0.44B
Capital Expenditures	-2.38B	-4.05B	-3.92B	-0.35B	-0.44B
Cash Acquisitions	-0.71B	0.19B	-2.53B	-1.11B	—
Investment in Securities	-100.37M	—	—	—	—
Other Investing Activities	3.53M	122.03M	19.19M	0.21M	3.01M
Sale (Purchase) of Intangibles	-1.23M	—	-0.02M	-0.10M	-0.09M
Sale of Property, Plant & Equipment	—	22.00K	—	—	417.67K
Loss (Gain) From Sale of Assets	—	1.09M	—	—	1.36M
Loss (Gain) on Sale of Investments	-6.82M	5.02M	—	8.48M	2.01M
Financing Activities
Financing Cash Flow	0.50B	1.89B	5.25B	1.15B	-0.40B
Common Dividends Paid	-237.50M	—	—	—	—
Issuance of Common Stock	—	3.13B	—	0.12B	—
Repurchase of Common Stock	—	—	—	—	-80.58M
Long-Term Debt Issued	3.19B	3.45B	6.57B	4.34B	0.25B
Long-Term Debt Repaid	-1.63B	-3.81B	-0.94B	-3.05B	-0.34B
Net Debt Issued (Repaid)	1.56B	-0.37B	5.63B	1.29B	-0.09B
Other Financing Activities	-828.92M	-876.48M	-379.48M	-256.20M	-227.61M
Free Cash Flow & Returns
Free Cash Flow	0.62B	-1.77B	-2.78B	-0.04B	0.18B
Free Cash Flow Margin	+10.1%	-40.8%	-112.6%	-2.5%	+10.6%
Free Cash Flow Per Share	0.57	-2.34	—	—	—
Levered Free Cash Flow	-1.07B	-2.57B	-3.40B	-0.22B	-0.08B
Unlevered Free Cash Flow	-0.63B	-2.15B	-3.24B	-0.13B	0.05B
Operating Cash Flow Growth	+31.4%	+99.1%	+261.8%	-48.9%	-3.8%
Net Cash Flow	311.91M	432.28M	-42.03M	-1.47M	-214.17M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021	2020Dec 31, 2020
Operations
Operating Cash Flow	3.00B	2.28B	1.15B	0.32B	0.62B
Free Cash Flow	0.62B	-1.77B	-2.78B	-0.04B	0.18B
Capital Expenditures	-2.38B	-4.05B	-3.92B	-0.35B	-0.44B
Investing & Financing
Investing Cash Flow	-3.19B	-3.74B	-6.44B	-1.46B	-0.44B
Financing Cash Flow	0.50B	1.89B	5.25B	1.15B	-0.40B
Dividends Paid	-237.50M	—	—	—	—
Share Repurchase	—	—	—	—	-80.58M
Operating Activities
Operating Cash Flow	3.00B	2.28B	1.15B	0.32B	0.62B
Net Income	802.50M	442.10M	390.45M	107.81M	73.58M
Change in Accounts Payable	69.17M	34.56M	321.53M	-87.85M	-7.79M
Change in Accounts Receivable	-138.15M	-423.85M	-44.15M	-136.79M	27.80M
Change in Inventory	-184.46M	-147.62M	-37.12M	3.54M	-15.91M
Change in Other Net Operating Assets	10.54M	31.88M	-39.86M	-55.99M	5.43M
Change in Unearned Revenue	171.28M	721.94M	—	—	—
Change in Working Capital	-71.63M	216.92M	200.40M	-277.09M	9.54M
Other Operating Activities	906.74M	774.07M	-100.96M	-152.16M	235.57M
Provision & Write-off of Bad Debts	—	—	236.56M	215.92M	9.59M
Depreciation & Amortization	1.27B	0.80B	0.40B	0.28B	0.23B
Other Amortization	47.14M	45.27M	16.00M	24.75M	18.72M
Stock-Based Compensation	110.65M	—	—	0.07M	14.42M
Cash Interest Paid	818.93M	869.66M	372.52M	247.24M	218.73M
Cash Income Tax Paid	73.81M	26.88M	46.87M	39.21M	36.23M
Loss (Gain) on Equity Investments	-18.60M	0.96M	0.94M	0.12M	1.67M
Asset Writedown & Restructuring Costs	-38.91M	—	—	113.83M	19.13M
Investing Activities
Investing Cash Flow	-3.19B	-3.74B	-6.44B	-1.46B	-0.44B
Capital Expenditures	-2.38B	-4.05B	-3.92B	-0.35B	-0.44B
Cash Acquisitions	-0.71B	0.19B	-2.53B	-1.11B	—
Investment in Securities	-100.37M	—	—	—	—
Other Investing Activities	3.53M	122.03M	19.19M	0.21M	3.01M
Sale (Purchase) of Intangibles	-1.23M	—	-0.02M	-0.10M	-0.09M
Sale of Property, Plant & Equipment	—	22.00K	—	—	417.67K
Loss (Gain) From Sale of Assets	—	1.09M	—	—	1.36M
Loss (Gain) on Sale of Investments	-6.82M	5.02M	—	8.48M	2.01M
Financing Activities
Financing Cash Flow	0.50B	1.89B	5.25B	1.15B	-0.40B
Common Dividends Paid	-237.50M	—	—	—	—
Issuance of Common Stock	—	3.13B	—	0.12B	—
Repurchase of Common Stock	—	—	—	—	-80.58M
Long-Term Debt Issued	3.19B	3.45B	6.57B	4.34B	0.25B
Long-Term Debt Repaid	-1.63B	-3.81B	-0.94B	-3.05B	-0.34B
Net Debt Issued (Repaid)	1.56B	-0.37B	5.63B	1.29B	-0.09B
Other Financing Activities	-828.92M	-876.48M	-379.48M	-256.20M	-227.61M
Free Cash Flow & Returns
Free Cash Flow	0.62B	-1.77B	-2.78B	-0.04B	0.18B
Free Cash Flow Margin	+10.1%	-40.8%	-112.6%	-2.5%	+10.6%
Free Cash Flow Per Share	0.57	-2.34	—	—	—
Levered Free Cash Flow	-1.07B	-2.57B	-3.40B	-0.22B	-0.08B
Unlevered Free Cash Flow	-0.63B	-2.15B	-3.24B	-0.13B	0.05B
Operating Cash Flow Growth	+31.4%	+99.1%	+261.8%	-48.9%	-3.8%
Net Cash Flow	311.91M	432.28M	-42.03M	-1.47M	-214.17M