v3.25.3

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 8.3	$ 91.6
Restricted cash	0.1	0.0
Accounts receivable–trade, net of allowance of $0.8 and $4.2	110.6	96.9
Inventories, net	32.7	31.0
Prepaid expenses and other current assets	12.5	13.5
Total current assets	164.2	233.0
Property and equipment, net	167.9	197.1
Operating lease assets	18.4	19.6
Intangible assets, net	1.2	1.5
Other assets	6.5	5.1
Total assets	358.2	456.3
Current liabilities:
Accounts payable	71.2	74.4
Accrued interest	1.2	4.5
Accrued liabilities	34.5	41.3
Current portion of long-term debt	4.5	0.0
Current portion of operating lease obligations	6.6	6.9
Current portion of finance lease obligations	19.2	13.0
Total current liabilities	137.2	140.1
Long-term debt	254.7	285.1
Long-term operating lease obligations	12.3	13.5
Long-term finance lease obligations	14.4	26.4
Other non-current liabilities	0.8	1.7
Commitments, contingencies and off-balance sheet arrangements (Note 7)
Stockholders’ equity:
Common stock, $0.01 par value; 110.0 authorized; 18.4 and 17.5 issued	0.2	0.2
Additional paid-in capital	569.3	557.5
Treasury stock, at cost, 0.5 shares and 0.5 shares	(6.2)	(5.8)
Accumulated deficit	(624.5)	(562.4)
Total stockholders’ deficit	(61.2)	(10.5)
Total liabilities and stockholders’ deficit	$ 358.2	$ 456.3

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

KLX Energy Services Holdings, Inc. 10-Q