American Superconductor Corporation
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $133.8M | $6.0M | $-11.1M | $-35.0M | $-19.2M | $-22.7M | $-17.1M | $26.8M |
| Depreciation & Amortization | $7.4M | $5.6M | $4.5M | $2.6M | $2.7M | $3.7M | $4.0M | $4.3M |
| Depreciation | $4.4M | $3.1M | $2.3M | $2.6M | — | $3.7M | $4.0M | — |
| Amortization | $3.0M | $2.4M | $2.2M | $2.8M | $2.5M | $1.2M | $300.0K | $300.0K |
| Stock-Based Compensation | $15.9M | $7.8M | $4.7M | $4.7M | $4.7M | $3.5M | $1.9M | $3.0M |
| Net Cash from Operating Activities | $23.1M | $28.3M | $2.1M | $-22.5M | $-19.0M | $-8.7M | $-16.5M | $42.7M |
| Investing Activities | ||||||||
| Capital Expenditures | $4.9M | $2.4M | $934.0K | $1.2M | $938.0K | $1.8M | $3.6M | $952.0K |
| Business Acquisitions | $72.1M | $29.6M | $0 | $0 | $11.5M | $26.0M | — | — |
| Net Cash from Investing Activities | $-77.1M | $-35.2M | $-961.0K | $-1.5M | $-7.2M | $2.5M | $-36.6M | $2.2M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $0 | $126.0K | $0 | — | — | — | — | — |
| Net Cash from Financing Activities | $116.1M | $8.0K | $65.4M | $162.0K | $142.0K | $50.8M | $5.8M | $-299.0K |
| Net Change in Cash | $62.2M | $-6.9M | $66.6M | $-23.8M | $-26.1M | $44.7M | $-47.3M | $43.9M |
| Free Cash Flow | $18.3M | $25.9M | $1.2M | $-23.7M | $-19.9M | $-10.4M | $-20.1M | $41.8M |