Summit Midstream Corporation (SMC)
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Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 12-2023 | 12-2022 | 12-2021 | 12-2020 | 12-2019 | |
| Cash Flows From Operating Activities | |||||
| Net Income | -38,947 | -123,461 | -19,949 | 189,078 | -393,726 |
| Depreciation Amortization | 136,387 | 129,319 | 127,012 | 125,678 | 117,887 |
| Accounts receivable | -3,352 | 284 | -178 | 35,352 | -5,466 |
| Accounts payable and accrued liabilities | 4,483 | 2,248 | -89 | -4,063 | -96 |
| Other Working Capital | -277 | -3,599 | 2,750 | 35,436 | -17,121 |
| Other Operating Activity | 28,612 | 93,953 | 55,553 | -182,892 | 460,263 |
| Operating Cash Flow | $126,906 | $98,744 | $165,099 | $198,589 | $161,741 |
| Cash Flows From Investing Activities | |||||
| PPE Investments | -68,645 | -25,527 | -17,030 | -43,128 | -80,180 |
| Net Acquisitions | N/A | -306,527 | N/A | N/A | N/A |
| Other Investing Activity | -6,111 | 105,496 | -148,699 | -97,441 | -10,690 |
| Investing Cash Flow | $-74,756 | $-226,558 | $-165,729 | $-140,569 | $-90,870 |
| Cash Flows From Financing Activities | |||||
| Debt Issued | 69,830 | 377,371 | 1,149,500 | 91,203 | 369,000 |
| Debt Repayment | -97,507 | -234,647 | -1,124,047 | -110,600 | -223,250 |
| Common Stock Issued | N/A | N/A | N/A | -41,778 | N/A |
| Dividend Paid | -6,512 | -3,257 | N/A | -6,037 | -97,374 |
| Other Financing Activity | -14,847 | -17,694 | -20,795 | -12,186 | -98,498 |
| Financing Cash Flow | $-49,036 | $121,773 | $4,658 | $-79,398 | $-50,122 |
| Beginning Cash Position | 13,531 | 19,572 | 15,544 | 36,922 | 16,173 |
| End Cash Position | 16,645 | 13,531 | 19,572 | 15,544 | 36,922 |
| Net Cash Flow | $3,114 | $-6,041 | $4,028 | $-21,378 | $20,749 |
| Free Cash Flow | |||||
| Operating Cash Flow | 126,906 | 98,744 | 165,099 | 198,589 | 161,741 |
| Capital Expenditure | -68,905 | -30,472 | -25,030 | -43,128 | -182,291 |
| Free Cash Flow | 58,001 | 68,272 | 140,069 | 155,461 | -20,550 |