FUELCELL ENERGY, INC.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-187.9M | $-126.0M | $-107.6M | $-142.7M | $-101.1M | $-89.1M | $-77.6M | $-47.3M |
| Depreciation & Amortization | $40.4M | $36.2M | $25.4M | $21.3M | $19.9M | $19.4M | $12.4M | $8.6M |
| Depreciation | $8.0M | $8.0M | $5.1M | $5.8M | $4.9M | $5.1M | $4.9M | $4.6M |
| Amortization | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | — | — | — |
| Stock-Based Compensation | $11.1M | $11.8M | $12.0M | $6.8M | $4.3M | $1.9M | $2.8M | $3.2M |
| Net Cash from Operating Activities | $-125.3M | $-152.9M | $-140.3M | $-112.2M | $-70.4M | $-36.8M | $-30.6M | $16.3M |
| Investing Activities | ||||||||
| Capital Expenditures | $18.6M | $47.7M | $39.4M | $21.1M | $6.4M | $382.0K | $2.2M | $10.0M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $88.9M | $-60.0M | $-192.4M | $-46.7M | $-73.2M | $-32.5M | $-69.3M | $-51.3M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $169.3M | $122.2M | $151.1M | $180.6M | $411.9M | $221.7M | $59.7M | $27.7M |
| Net Change in Cash | $132.9M | $-90.7M | $-181.5M | $20.8M | $268.2M | $152.3M | $-40.5M | $-7.2M |
| Free Cash Flow | $-143.9M | $-200.6M | $-179.6M | $-133.2M | $-76.8M | $-37.2M | $-32.7M | $6.3M |