FTC Solar
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 FTC Solar generated cash of -$52,656,000, which is more than the previous year. Cash used in financing activities reached the amount of $33,950,000 last year. Net change in cash is therefore -$19,150,000.
Cash Flow
| 2019 | -254K | -18K | 7M |
|---|---|---|---|
| 2020 | -511K | 1.86M | 23.78M |
| 2021 | -132.85M | 21.30M | 180.36M |
| 2022 | -54.51M | -4.24M | 903K |
| 2023 | -52.65M | -397K | 33.95M |
FTCI Cash Flow Statement (2019 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
Cash at beginning of period | 44.38M | 102.18M | 33.37M | 8.23M | 1.50M |
Operating activities | |||||
Net income | -50.29M | -99.61M | -106.58M | -15.92M | -13.49M |
| Adjustments to reconcile net income to cash generated by operating activities: | |||||
Depreciation and amortization | 1.37M | 900K | 232K | 47K | 412K |
Stock-based compensation expense | 8.29M | 20.30M | 61.76M | 1.81M | 906K |
| Deferred income tax benefit | 8.29M | 20.30M | 61.76M | 1.81M | 906K |
| Changes in operating assets and liabilities: | |||||
Accounts receivable, net | -23.6M | 57.33M | -83.72M | -9.71M | -13.83M |
Inventories | 10.33M | -7.90M | -7.26M | 2.81M | -4.50M |
Accounts payable | -7.96M | -22.94M | 21.65M | 8.93M | 7.78M |
Cash generated by operating activities | -52.65M | -54.51M | -132.85M | -511K | -254K |
Investing activities | |||||
Purchases Of Investments | 0 | -1.74M | -44.66M | -4.24M | 0 |
Investments In Property Plant And Equipment | -816K | -985K | -1.02M | -256K | -18K |
Acquisitions Net | 419K | -3.34M | 22.33M | 2.12M | 0 |
Cash generated by investing activities | -397K | -4.24M | 21.30M | 1.86M | -18K |
Financing activities | |||||
Common Stock Issued | 34.00M | 903K | 235.52M | 30M | 6M |
Payments for dividends | 0 | 0 | 0 | 0 | 0 |
Repurchases of common stock | 0 | 0 | -54.15M | 0 | 0 |
Repayments of term debt | 0 | 0 | -1M | -7M | 1M |
Cash used in financing activities | 33.95M | 903K | 180.36M | 23.78M | 7M |
Net Change In Cash | -19.15M | -57.8M | 68.81M | 25.13M | 6.72M |
Cash at end of period | 25.23M | 44.38M | 102.18M | 33.37M | 8.23M |
| Data source | Data source | Data source |