Smart Sand, Inc. cash flow statement
In fiscal 2025, Smart Sand, Inc.'s operations generated $44.1m of cash; it spent $11.6m on capital projects, leaving free cash flow of $32.5m. It returned $5.9m in dividends and $628,000 through buybacks.
Cash flow statement
| Fiscal year | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 22 | 31 | 27 | 16 | 51 | 45 | 26 | 32 | 5 | 31 | 18 | 44 | 47 |
| Depreciation and amortisation | 4 | 5 | 6 | 8 | 17 | 26 | 22 | 25 | 26 | 27 | 29 | 29 | 16 |
| Stock-based pay | 0 | 1 | 1 | 2 | 3 | 3 | 4 | 3 | 3 | 4 | 3 | 4 | 3 |
| Capital spending | 31 | 29 | 3 | 51 | 96 | 26 | 9 | 11 | 13 | 23 | 7 | 12 | 12 |
| Free cash flow | −9 | 1 | 24 | −36 | −45 | 19 | 17 | 21 | −7 | 8 | 11 | 33 | 35 |
| Free cash flow after stock pay | −9 | 1 | 23 | −38 | −48 | 16 | 13 | 18 | −10 | 4 | 8 | 29 | 31 |
| Dividends paid | — | — | — | — | — | — | — | — | 0 | 0 | 4 | 6 | 10 |
| Share buybacks | 0 | 0 | 0 | 0 | 2 | 0 | 1 | 0 | 1 | 0 | 0 | 1 | 2 |
| Shares issued | — | — | 138 | 26 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 6 | 1 | 9 | −5 | 18 | 22 | 3 | 3 |
| Depreciation and amortisation | 1 | 8 | 7 | 1 | 1 | 7 | 8 | 1 |
| Stock-based pay | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Capital spending | 2 | 2 | 4 | 3 | 3 | 2 | 2 | 5 |
| Free cash flow | 4 | −1 | 5 | −8 | 15 | 20 | 1 | −1 |
| Free cash flow after stock pay | 3 | −2 | 4 | −9 | 14 | 20 | −0 | −2 |
| Shares issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
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