Finnovate Acquisition Corp.
Cash Flow
Last updated:
Cash flow statement presents a set of outflows and inflows of cash within a company through operating, investing and financing activities. Over the last year, operating activities of Finnovate Acquisition Corp. generated cash of -$786,645, which is less than the previous year. Cash used in financing activities reached the amount of -$131,274,419 last year. Net change in cash is therefore -$244,142.
Cash Flow
| 2021 | -641.95K | -175.95M | 177.60M |
|---|---|---|---|
| 2022 | -767.59K | 0 | 0 |
| 2023 | -786.64K | 131.81M | -131.27M |
FNVT Cash Flow Statement (2021 – 2023)
| 2023 | 2022 | 2021 | |
|---|---|---|---|
Cash at beginning of period | 244.17K | 1.01M | 0 |
Operating activities | |||
Net income | 2.49M | 1.11M | -639.54K |
| Adjustments to reconcile net income to cash generated by operating activities: | |||
Depreciation and amortization | 0 | 0 | 0 |
Stock-based compensation expense | 0 | 0 | 540 |
| Deferred income tax benefit | 0 | 0 | 540 |
| Changes in operating assets and liabilities: | |||
Accounts receivable, net | 0 | 0 | 0 |
Inventories | 0 | 0 | 0 |
Accounts payable | 912.40K | 357.06K | 165.73K |
Cash generated by operating activities | -786.64K | -767.59K | -641.95K |
Investing activities | |||
Purchases Of Investments | 0 | 0 | -175.95M |
Investments In Property Plant And Equipment | 0 | 0 | 0 |
Acquisitions Net | 0 | 0 | 0 |
Cash generated by investing activities | 131.81M | 0 | -175.95M |
Financing activities | |||
Common Stock Issued | 0 | 0 | 177.15M |
Payments for dividends | 0 | 0 | 0 |
Repurchases of common stock | -132.61M | 0 | 0 |
Repayments of term debt | 1.34M | 0 | -449.76K |
Cash used in financing activities | -131.27M | 0 | 177.60M |
Net Change In Cash | -244.14K | -767.59K | 1.01M |
Cash at end of period | 37 | 244.17K | 1.01M |
| Data source | Data source | Data source |