Rocket Lab 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	-198.21	-190.18	-182.57	-135.94	-117.32
Depreciation & Amortization	43.94	33.66	29.74	29.95	10.85
Other Amortization	3.14	3.09	2.9	2.83	1.55
Loss (Gain) From Sale of Assets	2.61	-2.83	-0.11	0.92	0.16
Loss (Gain) From Sale of Investments	-2.25	-2.9	-4.57	-1.4	-
Stock-Based Compensation	71.1	56.82	53.46	55.65	32.56
Other Operating Activities	-27.08	7.66	9.57	-10.86	7.82
Change in Accounts Receivable	2.96	-51.59	-2.05	-16.98	-5.97
Change in Inventory	-39.89	-12.4	-15.56	-25.96	-12.07
Change in Accounts Payable	10.22	24.8	15.59	-2.13	-4.52
Change in Unearned Revenue	-21.61	76.87	30.99	22.66	28.06
Change in Other Net Operating Assets	-10.47	8.11	-36.26	-25.28	-12.9
Operating Cash Flow	-165.52	-48.89	-98.87	-106.54	-71.79
Capital Expenditures	-156.29	-67.09	-54.71	-42.41	-25.7
Sale of Property, Plant & Equipment	0.4	12.54	3.66	-	-
Cash Acquisitions	-132.44	-	-18.97	-65.82	-66.44
Investment in Securities	-59.07	-43.78	82.03	-237.84	-
Investing Cash Flow	-347.4	-98.33	12.02	-346.08	-92.13
Long-Term Debt Issued	26.72	355	110	-	113.9
Long-Term Debt Repaid	-88.19	-52.05	-107.91	-0.27	-15
Net Debt Issued (Repaid)	-61.47	302.95	2.09	-0.27	98.9
Issuance of Common Stock	1,273	44.44	23.43	39.42	731.4
Repurchase of Common Stock	-113.49	-35.34	-15.72	-31.61	-30.36
Other Financing Activities	-26.79	-55.37	-2.43	-5.5	-
Financing Cash Flow	1,071	256.68	7.37	2.04	799.94
Foreign Exchange Rate Adjustments	-0.11	-0.6	0.04	4.37	2.13
Net Cash Flow	558.24	108.87	-79.44	-446.2	638.14
Free Cash Flow	-321.81	-115.98	-153.57	-148.95	-97.49
Free Cash Flow Margin	-53.47%	-26.59%	-62.79%	-70.59%	-156.64%
Free Cash Flow Per Share	-0.61	-0.23	-0.32	-0.32	-0.46
Cash Interest Paid	24.55	16.29	15.55	10.75	3.99
Cash Income Tax Paid	0.85	0.27	0.77	2.67	1.84
Levered Free Cash Flow	-270.73	-29.16	-88.5	-84.58	-47.49
Unlevered Free Cash Flow	-257.31	-15.89	-80.45	-82.54	-45.21
Change in Working Capital	-58.78	45.79	-7.29	-47.69	-7.4

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