Sunrun Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-2,467	-2,846	-1,604	173.38	-79.42	-173.39
Depreciation & Amortization	703.49	620.88	531.67	451.05	388.1	242.94
Asset Writedown & Restructuring Costs	3,122	3,122	1,158	-	-	-
Stock-Based Compensation	108.49	112.83	111.78	110.63	211	170.59
Other Operating Activities	-1,694	-1,457	-822.41	-1,173	-851.78	-479.56
Change in Accounts Receivable	-90.01	-14.97	15.75	-86.76	-62.12	4.99
Change in Inventory	-227.64	57.66	324.16	-277.09	-223.77	47.55
Change in Accounts Payable	105.99	177.45	-108.79	40.46	66.93	-45.72
Change in Unearned Revenue	198.73	152.76	106.7	227.3	78.2	41.52
Change in Other Net Operating Assets	-729.43	-691.41	-533.1	-314.69	-344.31	-126.89
Operating Cash Flow	-776.75	-766.15	-820.74	-848.79	-817.19	-317.97
Capital Expenditures	-2,884	-2,701	-2,608	-2,011	-1,686	-969.68
Cash Acquisitions	-	-	-	-	-	537.24
Investment in Securities	-	-	-5	-75	-	-65.36
Investing Cash Flow	-2,884	-2,701	-2,613	-2,086	-1,686	-497.79
Long-Term Debt Issued	-	4,938	4,920	4,598	3,307	942.89
Long-Term Debt Repaid	-	-2,919	-2,732	-2,685	-1,644	-601.56
Net Debt Issued (Repaid)	2,145	2,019	2,188	1,913	1,663	341.33
Issuance of Common Stock	16.1	18.88	22.61	32.86	36.14	123.66
Other Financing Activities	1,644	1,388	1,258	1,092	946.52	695.74
Financing Cash Flow	3,806	3,427	3,469	3,037	2,646	1,161
Net Cash Flow	145.14	-40.42	34.82	102.59	142.22	344.98
Free Cash Flow	-3,661	-3,467	-3,429	-2,860	-2,503	-1,288
Free Cash Flow Margin	-158.01%	-170.15%	-151.73%	-123.19%	-155.49%	-139.63%
Free Cash Flow Per Share	-16.10	-15.60	-15.83	-13.05	-12.20	-9.22
Cash Interest Paid	714.76	591.29	433.05	300.12	225.25	119.63
Levered Free Cash Flow	-2,893	-2,552	-2,775	-2,192	-1,869	-963.89
Unlevered Free Cash Flow	-2,320	-2,098	-2,367	-2,032	-1,678	-821.59
Change in Working Capital	-549.13	-318.51	-195.28	-410.78	-485.08	-78.55

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