Cash Flow Statement

Currency: USD

	Jun-2021	Sep-2021	Dec-2021	Mar-2022	Jun-2022	Sep-2022	Dec-2022	Mar-2023	Jun-2023	Sep-2023	Dec-2023
Operating Cash Flow
Net Income	(62)	(55)	(21)	2	30	116	145	125	103	8	(12)
Depreciation & Amortization	75	94	78	79	79	78	75	76	79	80	82
Change in Deffered Taxes	4	4	2	1	(0)	(71)	(83)	(90)	(88)	(13)	(4)
Stock-Based Compensation	5	6	5	7	10	11	11	13	13	17	0
Other Non-Cash Items	12	14	17	19	19	17	13	14	16	30	32
Cash Taxes Paid	0	1	1	2	3	3	4	4	4	4	2
Cash Interest Paid	69	86	66	57	49	42	41	48	55	60	65
Change in Working Capital	(21)	(30)	(28)	(58)	(44)	(41)	(41)	(21)	(26)	(18)	(8)
Cash from Operating Activities	8 N/A	27 +244%	48 +75%	42 -11%	84 +98%	99 +19%	108 +8%	105 -3%	84 -19%	87 +4%	90 +3%
Investing Cash Flow
Capital Expenditures	(11)	(14)	(14)	(16)	(15)	(17)	(17)	(16)	(16)	(15)	(14)
Other Items	0	0	0	0	0	0	0	(1)	(2)	(24)	(26)
Cash from Investing Activities	(11) N/A	(14) -29%	(14) +2%	(16) -13%	(15) +3%	(17) -11%	(17) +1%	(17) -1%	(18) -6%	(38) -112%	(40) -5%
Financing Cash Flow
Net Issuance of Common Stock	0	0	399	0	0	0	(14)	(39)	(99)	(123)	(121)
Net Issuance of Debt	(29)	(31)	(333)	(333)	(333)	(333)	(8)	(8)	(8)	37	39
Other	0	(3)	(6)	(24)	(25)	(23)	(19)	(1)	(1)	(7)	(9)
Cash from Financing Activities	(31) N/A	(34) -11%	60 N/A	42 -31%	41 -1%	42 +3%	(42) N/A	(48) -15%	(108) -125%	(93) +14%	(91) +3%
Change in Cash
Effect of Foreign Exchange Rates	(1)	(1)	(1)	(1)	(2)	(2)	(2)	(1)	0	(1)	1
Net Change in Cash	(35) N/A	(22) +36%	92 N/A	67 -28%	108 +61%	123 +15%	47 -62%	39 -18%	(42) N/A	(45) -6%	(40) +10%
Free Cash Flow
Free Cash Flow	(3) N/A	13 N/A	34 +160%	27 -21%	68 +158%	82 +20%	91 +10%	89 -2%	68 -23%	73 +6%	76 +5%

HireRight Holdings Corp
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