Applied Optoelectronics 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	-38.23	-186.73	-56.05	-66.4	-54.16
Depreciation & Amortization	27.7	20.65	20.43	23.2	25.37
Other Amortization	-1.02	1.43	2.31	0.9	0.87
Loss (Gain) From Sale of Assets	0.04	0.13	0.05	-0.05	0
Stock-Based Compensation	11.71	14.79	11.88	9.6	12.12
Provision & Write-off of Bad Debts	0	-0	-0.02	-0	-0.03
Other Operating Activities	1.32	116.09	7.42	6.82	-1.77
Change in Accounts Receivable	-127.6	-68.51	13.21	-12.75	-7.02
Change in Inventory	-100.72	-29.41	6.79	1.15	15.79
Change in Accounts Payable	38.96	72.08	-14.95	12.97	7.07
Change in Unearned Revenue	-	-1.8	-1.2	-	-
Change in Income Taxes	-	-	-	0	0
Change in Other Net Operating Assets	13.41	-8.23	2.21	10.54	-9.88
Operating Cash Flow	-174.43	-69.53	-7.93	-14.02	-11.64
Capital Expenditures	-210.23	-50.2	-14.31	-3.74	-10.2
Sale of Property, Plant & Equipment	0.01	0.01	0.14	0.4	0.11
Sale (Purchase) of Intangibles	-0.38	-0.51	-0.59	-0.5	-0.46
Investing Cash Flow	-210.6	-50.7	-14.76	-3.83	-10.55
Short-Term Debt Issued	121.41	44.15	57.06	45.67	24.62
Long-Term Debt Issued	61.2	48.68	141.29	143.26	122.94
Total Debt Issued	182.61	92.83	198.34	188.93	147.56
Short-Term Debt Repaid	-108.03	-40.17	-53.75	-40.57	-32.47
Long-Term Debt Repaid	-55.09	-49.65	-172.07	-138.39	-115.45
Total Debt Repaid	-163.12	-89.82	-225.82	-178.96	-147.91
Net Debt Issued (Repaid)	19.48	3.01	-27.47	9.97	-0.36
Issuance of Common Stock	518.91	146.29	69.01	1.24	15.41
Repurchase of Common Stock	-10.45	-4.33	-0.96	-0.45	-0.96
Other Financing Activities	-	-2.79	-	-	-
Financing Cash Flow	527.94	142.18	40.58	10.75	14.09
Foreign Exchange Rate Adjustments	-6.01	2.08	1.62	1.55	-0.88
Net Cash Flow	136.9	24.04	19.51	-5.55	-8.98
Free Cash Flow	-384.66	-119.72	-22.24	-17.76	-21.85
Free Cash Flow Margin	-84.41%	-48.01%	-10.22%	-7.97%	-10.33%
Free Cash Flow Per Share	-6.39	-2.88	-0.70	-0.64	-0.81
Cash Interest Paid	2.48	4.94	8.1	5.14	4.9
Cash Income Tax Paid	0	0	0.01	-	0
Levered Free Cash Flow	-384.92	-95.2	4.4	7.67	-2.98
Unlevered Free Cash Flow	-381.71	-92.37	7.99	10.71	-0.33
Change in Working Capital	-175.95	-35.88	6.06	11.91	5.96

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