Microvast Holdings, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | $-29.2M | $-195.5M | $-106.3M | $-158.2M | $-206.5M | $-2.4M | $3.4M |
| Depreciation & Amortization | — | — | — | — | — | — | — |
| Depreciation | $32.4M | $30.1M | $22.1M | $19.8M | $20.0M | $16.1M | $14.7M |
| Amortization | — | — | — | — | — | — | — |
| Stock-Based Compensation | $3.1M | $30.8M | $65.0M | $90.8M | $82.9M | $0 | — |
| Net Cash from Operating Activities | $75.9M | $2.8M | $-75.3M | $-53.9M | $-45.0M | $15.6M | $13.4M |
| Investing Activities | |||||||
| Capital Expenditures | $19.8M | $27.7M | $186.8M | $150.9M | $87.9M | $18.6M | $20.3M |
| Business Acquisitions | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-16.0M | $-12.2M | $-165.6M | $-175.9M | $-87.9M | $-17.7M | $-4.0M |
| Financing Activities | |||||||
| Dividends Paid | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-2.7M | $37.6M | $33.0M | $5.0M | $624.9M | $-507.0K | $-52.2M |
| Net Change in Cash | $59.6M | $21.4M | $-214.4M | $-233.5M | $494.9M | $-588.0K | $122.8K |
| Free Cash Flow | $56.1M | $-24.9M | $-262.1M | $-204.8M | $-132.9M | $-3.1M | $-6.9M |