Worksport Ltd.
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 Worksport Ltd. generated cash of -$11,930,580, which is less than the previous year. Cash used in financing activities reached the amount of $4,431,965 last year. Net change in cash is therefore -$11,254,979.
Cash Flow
| 2014 | -31.64K | -213.44K | 352.04K |
|---|---|---|---|
| 2015 | -542.04K | -138.46K | 574.29K |
| 2016 | -237.02K | -3.40K | 223.53K |
| 2017 | -194.94K | -4.87K | 307.38K |
| 2018 | -379.27K | -1.87K | 298.74K |
| 2019 | -13.25K | -114.01K | 117.84K |
| 2020 | -726.30K | -16.72K | 1.83M |
| 2021 | -4.04M | -1.13M | 32.63M |
| 2022 | -7.97M | -11.15M | 5.18M |
| 2023 | -11.93M | -3.75M | 4.43M |
WKSPW Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 14.62M | 28.56M | 1.10M | 11.99K | 25.32K | 66.96K | 0 | 14.46K | 155.73K | 17.51K |
Operating activities | ||||||||||
Net income | -14.92M | -12.53M | -7.89M | -1.18M | -414.60K | -1.76M | -3.40M | -1.13M | -3.48M | -479.34K |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 1.10M | 486.58K | 211.74K | 26.96K | 11.43K | 1.51K | 1.29K | 998 | 882 | 129 |
Stock-based compensation expense | 0 | 4.89M | 3.92M | 415.66K | 0 | 0 | 1.46M | 0 | 2.95M | 0 |
| Deferred income tax benefit | 0 | 4.89M | 3.92M | 415.66K | 0 | 0 | 1.46M | 0 | 2.95M | 0 |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | -400.52K | 83 | -2.22K | -119.81K | -5.91K | 127.62K | -108.35K | 14.41K | -76.56K | 3.83K |
Inventories | -2.28M | -844.6K | -460.96K | 72.35K | 122.06K | -225.19K | 14.65K | 50.03K | -40.24K | 66.23K |
Accounts payable | -577.12K | 995.34K | 187.51K | -59.28K | 405.21K | 343.05K | 104.46K | 91.97K | 65.94K | 37.49K |
Cash generated by operating activities | -11.93M | -7.97M | -4.04M | -726.30K | -13.25K | -379.27K | -194.94K | -237.02K | -542.04K | -31.64K |
Investing activities | ||||||||||
Purchases Of Investments | 0 | 0 | 0 | -8.76K | -15.65K | 0 | 0 | 0 | 0 | 0 |
Investments In Property Plant And Equipment | -3.69M | -11.15M | -1.13M | -7.96K | -98.35K | -1.87K | -4.87K | -3.40K | -43.45K | 0 |
Acquisitions Net | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -95.01K | 1.55K |
Cash generated by investing activities | -3.75M | -11.15M | -1.13M | -16.72K | -114.01K | -1.87K | -4.87K | -3.40K | -138.46K | -213.44K |
Financing activities | ||||||||||
Common Stock Issued | 4.47M | 0 | 24.39M | 1.00M | 30K | 300K | 139.76K | 0 | 528.19K | 0 |
Payments for dividends | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Repurchases of common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Repayments of term debt | -43.90K | 5.18M | -226.82K | -16.15K | 68.57K | 0 | 167.62K | -21.72K | 46.1K | -37.23K |
Cash used in financing activities | 4.43M | 5.18M | 32.63M | 1.83M | 117.84K | 298.74K | 307.38K | 223.53K | 574.29K | 352.04K |
Net Change In Cash | -11.25M | -13.94M | 27.45M | 1.09M | -13.33K | -41.63K | 66.96K | -14.46K | -141.26K | 138.21K |
Cash at end of period | 3.36M | 14.62M | 28.56M | 1.10M | 11.99K | 25.32K | 66.96K | 0 | 14.46K | 155.73K |
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