Polar Power
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 Polar Power generated cash of -$3,430,000, which is more than the previous year. Cash used in financing activities reached the amount of $3,962,000 last year. Net change in cash is therefore $338,000.
Cash Flow
| 2014 | -336.99K | -218.14K | 1.01M |
|---|---|---|---|
| 2015 | -620.72K | -403.42K | 734.07K |
| 2016 | 627.05K | -296.30K | 15.64M |
| 2017 | -1.58M | -342.12K | -111.74K |
| 2018 | -7.84M | -574.99K | -138.40K |
| 2019 | -2.16M | -338.19K | -295.08K |
| 2020 | -6.54M | -19K | 5.37M |
| 2021 | -9.38M | -71K | 12.90M |
| 2022 | -6.50M | -25K | 1.64M |
| 2023 | -3.43M | -194K | 3.96M |
POLA Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 211K | 5.10M | 1.64M | 2.84M | 5.64M | 14.20M | 16.24M | 263.41K | 553.49K | 95.77K |
Operating activities | ||||||||||
Net income | -6.54M | -5.58M | -1.41M | -10.87M | -4.04M | -848.25K | -777.57K | 4.40M | -33.33K | 575.24K |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 387K | 507K | 549K | 1.24M | 1.28M | 385.58K | 255.63K | 207.85K | 143.57K | 94.99K |
Stock-based compensation expense | 0 | 515K | 0 | 0 | 79K | 0 | 8.24K | 0 | 581.89K | 0 |
| Deferred income tax benefit | 0 | 515K | 0 | 0 | 79K | 0 | 8.24K | 0 | 581.89K | 0 |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | 554K | 2.01M | -3.05M | -256K | 6.79M | -4.66M | 1.34M | -2.90M | -868.41K | -489.12K |
Inventories | 450K | -6.44M | 77K | 1.41M | -5.71M | -2.98M | -727.46K | -2.74M | -1.19M | 150.88K |
Accounts payable | 1.53M | -98K | 16K | -264K | -491.90K | 308.66K | 98.39K | 476.47K | 104.82K | -120.55K |
Cash generated by operating activities | -3.43M | -6.50M | -9.38M | -6.54M | -2.16M | -7.84M | -1.58M | 627.05K | -620.72K | -336.99K |
Investing activities | ||||||||||
Purchases Of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments In Property Plant And Equipment | -194K | -25K | -71K | -19K | -338.19K | -574.99K | -342.12K | -165.08K | -223.42K | -85.14K |
Acquisitions Net | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash generated by investing activities | -194K | -25K | -71K | -19K | -338.19K | -574.99K | -342.12K | -296.30K | -403.42K | -218.14K |
Financing activities | ||||||||||
Common Stock Issued | 1.55M | 0 | 12.46M | 2.81M | 0 | 0 | 0 | 16.95M | 500K | 1.16M |
Payments for dividends | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Repurchases of common stock | 0 | 0 | 0 | 0 | -40K | 0 | 0 | 0 | 0 | 0 |
Repayments of term debt | 2.40M | 1.64M | -267K | -2.82M | -255K | -138.40K | -111.74K | -344.19K | 234.07K | -152.14K |
Cash used in financing activities | 3.96M | 1.64M | 12.90M | 5.37M | -295.08K | -138.40K | -111.74K | 15.64M | 734.07K | 1.01M |
Net Change In Cash | 338K | -4.89M | 3.45M | -1.19M | -2.79M | -8.56M | -2.04M | 15.97M | -290.07K | 457.71K |
Cash at end of period | 549K | 211K | 5.10M | 1.64M | 2.84M | 5.64M | 14.20M | 16.24M | 263.41K | 553.49K |
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