CHART INDUSTRIES INC

Listed Company

GTLSCIK 0000892553NYSELarge AcceleratedFabricated Plate Work (Boiler Shops)DelawareFY ends Dec 31

Period

FY 2025

Revenue

$4.26B

Net Income

$40.70M

Total Assets

$9.81B

Equity

$3.23B

Shares Out

47.87M

Op. Cash Flow

$292.70M

Business

Chart Industries Inc designs, engineers, and manufactures process technologies and equipment for gas and liquid molecule handling across the Nexus of Clean. It offers cryogenic storage and transport systems, brazed and air‑cooled heat exchangers, cold boxes, compressors, liquefaction and purification equipment, specialty hydrogen and helium solutions, carbon‑capture and water‑treatment technologies, aftermarket services, leasing and digital platforms such as Uptime™ and Ventsim™ DESIGN. Its key operating segments are Cryo Tank Solutions, Heat Transfer Systems, Specialty Products and Repair, Service & Leasing. Chart sells globally to gas producers, distributors and industrial end‑users via direct sales, independent representatives, distributors and a network of service centers.

Summary from filing dated 2025-02-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Sales	4,264	4,160	3,353	1,612	1,318
Cost of sales	2,826	2,772	2,312	1,205	994
Gross profit	1,438	1,389	1,040	407	324
Selling, general and administrative expenses	619	547	486	215	197
Termination fee expense	266	0	0	—	—
Amortization expense	194	194	163	41	39
Operating expenses	1,079	741	650	256	236
Operating income	358	648	391	152	89
Acquisition related finance fees	0	0	26	37	0
Interest expense, net	308	329	289	32	—
Other expense, net	23	500,000	18	−16	300,000
Income from continuing operations before income taxes and equity in earnings of unconsolidated affiliates, net	28	319	58	99	74
Income tax (benefit) expense, net	−10	79	3	16	14
Income from continuing operations before equity in earnings of unconsolidated affiliates, net	39	240	55	83	61
Equity in earnings (loss) of unconsolidated affiliates, net	300,000	−4	3	−400,000	300,000
Net income from continuing operations	39	236	58	83	61
Loss from discontinued operations, net of tax	−2	−4	−600,000	−58	0
Net income	37	233	57	25	61
Less: (Loss) income attributable to noncontrolling interests of continuing operations, net of taxes	−4	14	10	1	2
Net income attributable to Chart Industries, Inc.	41	219	47	24	59
Income from continuing operations	42	222	48	82	59
Less: Mandatory convertible preferred stock dividend requirement	27	27	27	1	0
Income from continuing operations attributable to Chart	15	195	21	80	59
Loss from discontinued operations, net of tax	−2	−4	−600,000	−58	0
Net income attributable to Chart common stockholders, basic	14	191	20	23	59
Net income attributable to Chart common stockholders, diluted	14	191	20	23	59
Income from continuing operations (usd per share)	0.33	4.62	0.49	2.21	1.66
Loss from discontinued operations (usd per share)	−0.03	−0.08	−0.01	−1.59	0
Net income attributable to Chart Industries, Inc. (usd per share)	0.3	4.54	0.48	0.62	1.66
Income from continuing operations (usd per share)	0.33	4.17	0.44	1.92	1.44
Loss from discontinued operations (usd per share)	−0.03	−0.07	−0.01	−1.38	0
Net income attributable to Chart Industries, Inc. (usd per share)	0.3	4.1	0.43	0.54	1.44
Basic (shares)	45	42	42	36	36
Diluted (shares)	45	47	47	42	41

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	366	309	188	664	122
Accounts receivable, net	782	752	759	278	236
Inventories, net	572	491	576	358	322
Unbilled contract revenue	986	735	482	134	94
Other current assets	193	179	209	44	59
Total Current Assets	2,900	2,465	2,214	3,691	854
Property, plant and equipment, net	919	864	838	430	416
Goodwill	3,068	2,900	2,907	992	995
Identifiable intangible assets, net	2,512	2,541	2,792	535	556
Other assets	409	354	352	64	46
TOTAL ASSETS	9,806	9,124	9,102	5,902	3,044
Accounts payable	1,237	1,059	811	211	176
Customer advances and billings in excess of contract revenue	324	362	377	171	149
Accrued interest	105	110	93	10	—
Termination fee paid by Baker Hughes	258	0	—	—	—
Other current liabilities	205	258	328	83	55
Total Current Liabilities	2,129	1,790	1,866	1,082	694
Long-term debt	3,565	3,641	3,576	2,040	601
Deferred tax liabilities	554	545	568	46	60
Other long-term liabilities	183	153	153	34	41
Total Liabilities	6,431	6,129	6,163	3,218	1,419
Preferred stock, par value $0.01 per share, $1,000 aggregate liquidation preference 10,000,000 shares authorized, 0 and 402,500 shares issued at December 31, 2025 and 2024, respectively	0	0	0	0	0
Common stock, par value $0.01 per share 150,000,000 shares authorized, 48,557,490 and 45,657,062 shares issued at December 31, 2025 and 2024, respectively	500,000	500,000	400,000	400,000	400,000
Additional paid-in capital	1,902	1,889	1,873	1,850	779
Treasury stock; 760,782 shares at both December 31, 2025 and 2024	−19	−19	−19	−19	−19
Retained earnings	1,127	1,113	922	902	878
Accumulated other comprehensive income (loss)	220	−155	11	−58	−22
Total Chart Industries, Inc. Shareholders Equity	3,230	2,829	2,787	2,676	1,617
Noncontrolling interests	145	166	153	9	9
Total Equity	3,376	2,995	2,939	2,684	1,625
TOTAL LIABILITIES AND EQUITY	9,806	9,124	9,102	5,902	3,044

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Bridge loan facility fees	0	0	26	0	0
Depreciation and amortization	281	270	231	82	81
Employee share-based compensation expense	17	19	13	11	11
Financing costs amortization	19	19	17	3	—
Unrealized foreign currency transaction loss (gain)	13	−17	−4	−4	−1
Deferred income tax benefit	−97	−26	−79	−2	—
Other non-cash operating activities	13	9	8	−6	−5
Accounts receivable	−2	−15	−77	−45	−31
Inventories	−71	55	21	−49	−78
Unbilled contract revenue	−219	−268	−166	−41	−71
Prepaid expenses and other current assets	9	4	28	−22	—
Accounts payable and other current liabilities	54	190	237	89	−10
Customer advances and billings in excess of contract revenue	−56	−4	−58	28	29
Termination fee paid by Baker Hughes	258	0	0	—	—
Long-term assets and liabilities	37	36	−19	−50	—
Net Cash Provided By Continuing Operating Activities	295	509	235	81	−21
Net Cash Used In Discontinued Operating Activities	−2	−6	−68	0	0
Net Cash Provided By Operating Activities	293	503	167	81	−21
Acquisition of business, net of cash acquired	0	0	−4,322	−26	−205
Proceeds from sale of businesses, net of cash divested	0	0	475	0	—
Capital expenditures	−90	−121	−136	−74	−53
Investments	−1	−13	−12	−10	−104
Other investing activities	−2	−5	7	−1	—
Net Cash Used In Continuing Investing Activities	−94	−139	−3,988	−102	−361
Net Cash Used In Discontinued Investing Activities	0	−3	−3	0	0
Net Cash Used In Investing Activities	−94	−141	−3,990	−102	−361
Borrowings on credit facilities	3,330	3,735	1,895	635	1,361
Repayments on credit facilities	−3,268	−3,627	−1,901	−1,128	−874
Repayment of convertible notes	0	−259	0	0	—
Borrowings on term loan	0	0	1,747	0	0
Repayments on term loan	−175	−50	−158	0	−103
Payments for debt issuance costs	−100,000	−10	−136	−5	−3
Proceeds from issuance of common stock, net	0	0	12	676	0
Dividend distribution to noncontrolling interests	−6	0	−12	0	0
Dividends paid on mandatory convertible preferred stock	−27	−27	−27	0	0
Other financing activities	−9	−6	−6	−2	—
Net Cash (Used in) Provided By Financing Activities	−155	−244	1,413	2,504	382
Effect of exchange rate changes on cash and cash equivalents	15	−9	6	−500,000	−3
Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents	59	109	−2,404	2,483	—

Filings

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