PLUG POWER INC
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-1.63B | $-2.10B | $-1.37B | $-724.0M | $-460.0M | $-596.2M | $-83.7M | $-85.6M |
| Depreciation & Amortization | — | — | — | — | — | — | — | $300.0K |
| Depreciation | $37.6M | $61.1M | $52.0M | $30.4M | $20.9M | $14.4M | $11.9M | $11.8M |
| Amortization | $7.0M | $23.4M | $19.1M | $21.2M | $2.5M | $1.1M | $698.0K | $693.0K |
| Stock-Based Compensation | $50.5M | $82.2M | $162.9M | $179.6M | $76.5M | $17.1M | $10.9M | $8.8M |
| Net Cash from Operating Activities | $-535.8M | $-728.6M | $-1.11B | $-828.6M | $-358.2M | $-155.5M | $-53.3M | $-58.4M |
| Investing Activities | ||||||||
| Capital Expenditures | $111.2M | $287.1M | $665.2M | $436.6M | $172.2M | $22.5M | $5.7M | $5.1M |
| Business Acquisitions | — | — | — | $56.9M | $136.5M | $45.1M | — | — |
| Net Cash from Investing Activities | $-139.0M | $-402.4M | $728.1M | $-679.4M | $-1.74B | $-95.3M | $-14.2M | $-19.6M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $630.0M | $983.2M | $6.1M | $-77.5M | $3.60B | $1.52B | $327.0M | $120.1M |
| Net Change in Cash | $162.8M | $70.7M | $-555.6M | $-1.79B | $1.17B | $1.17B | $259.3M | $42.1M |
| Free Cash Flow | $-647.0M | $-1.02B | $-1.77B | $-1.27B | $-530.3M | $-178.0M | $-59.0M | $-63.5M |