Archer Aviation Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-618.2	-536.8	-457.9	-317.3	-347.8
Depreciation & Amortization	20	11.7	6.5	4.4	1.3
Other Amortization	0.1	-	0.7	0.5	0.2
Asset Writedown & Restructuring Costs	3.3	8.1	17.5	2.9	7
Loss (Gain) From Sale of Investments	0.6	-	-2.3	-4.9	-
Stock-Based Compensation	223.5	108.8	45.2	102.8	123.6
Other Operating Activities	-55	56.8	105.5	-8	107.7
Change in Accounts Payable	8.8	-0.1	9.2	-0.1	-0.8
Change in Other Net Operating Assets	-16	-17.1	4	19.3	0.4
Operating Cash Flow	-432.9	-368.6	-271.6	-200.4	-108.4
Capital Expenditures	-78.8	-82	-44.3	-6.9	-3.5
Cash Acquisitions	-125.9	-	-	-	-
Sale (Purchase) of Intangibles	-26.2	-	-	-	-
Investment in Securities	-945.1	-	465	-457.4	-
Investing Cash Flow	-1,176	-82	420.7	-464.3	-3.5
Long-Term Debt Issued	-	57.5	7.5	-	20
Long-Term Debt Repaid	-	-	-10	-10	-
Net Debt Issued (Repaid)	-	57.5	-2.5	-10	20
Issuance of Common Stock	1,866	788.2	263.6	0.1	0.6
Repurchase of Common Stock	-	-	-3.5	-	-
Other Financing Activities	-69.1	-25.3	-7.5	-	801.6
Financing Cash Flow	1,796	820.4	250.1	-9.9	822.2
Net Cash Flow	187.5	369.8	399.2	-674.6	710.3
Free Cash Flow	-511.7	-450.6	-315.9	-207.3	-111.9
Free Cash Flow Margin	-170566.67%	-	-	-	-
Free Cash Flow Per Share	-0.82	-1.20	-1.17	-0.86	-1.01
Cash Interest Paid	-	2.5	0.8	1.5	0.7
Levered Free Cash Flow	-597.31	-332.23	-201.18	-92.33	-23.81
Unlevered Free Cash Flow	-597.41	-332.16	-201	-91.58	-23.33
Change in Working Capital	-7.2	-17.2	13.2	19.2	-0.4

Source: S&P Global Market Intelligence. Standard template. Financial Sources.