Joby Aviation, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net Income | $-929.8M | $-608.0M | $-513.1M | $-258.0M | $-180.3M | $-114.2M |
| Depreciation & Amortization | $40.2M | $35.6M | $30.5M | $24.0M | $15.9M | $7.4M |
| Depreciation | — | — | — | — | — | — |
| Amortization | $6.6M | $5.9M | $6.1M | $5.6M | $3.8M | $0 |
| Stock-Based Compensation | $127.9M | $104.4M | $93.6M | $69.1M | $26.9M | $7.2M |
| Net Cash from Operating Activities | $-509.9M | $-436.3M | $-313.8M | $-235.9M | $-195.7M | $-105.9M |
| Investing Activities | ||||||
| Capital Expenditures | $53.9M | $40.6M | $30.6M | $54.9M | $32.3M | $23.7M |
| Business Acquisitions | $-3.5M | $0 | $0 | $5.7M | $6.9M | $0 |
| Net Cash from Investing Activities | $-475.4M | $70.8M | $80.3M | $-630.8M | $-18.7M | $-393.2M |
| Financing Activities | ||||||
| Dividends Paid | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — |
| Net Cash from Financing Activities | $1.03B | $361.1M | $288.2M | $60.5M | $1.09B | $69.2M |
| Net Change in Cash | $41.3M | $-4.4M | $54.7M | $-806.3M | $878.3M | $-429.8M |
| Free Cash Flow | $-563.8M | $-476.9M | $-344.4M | $-290.8M | $-228.1M | $-129.6M |