FuelCell Energy Cash Flow Statement

Financials in millions USD. Fiscal year is November - October.

Millions USD. Fiscal year is Nov - Oct.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021
Net Income	-187.9	-126.01	-107.57	-142.72	-101.06
Depreciation & Amortization	40.4	36.19	25.38	21.27	19.87
Asset Writedown & Restructuring Costs	65.78	1.26	2.38	1.78	5.02
Stock-Based Compensation	11.09	11.76	11.95	6.79	4.29
Other Operating Activities	-4.87	-18.27	-19.38	2.22	33.37
Change in Accounts Receivable	-58.39	-30.99	-20.85	8.97	-8.78
Change in Inventory	15.87	-29.25	4.69	-28.06	-18.76
Change in Accounts Payable	-2.76	-1	3	6.33	1.99
Change in Unearned Revenue	1.48	4.1	-22.3	-11.28	-5.19
Change in Other Net Operating Assets	-6	-0.71	-17.55	22.52	-1.21
Operating Cash Flow	-125.29	-152.91	-140.25	-112.17	-70.44
Capital Expenditures	-22.54	-59.55	-92.36	-46.65	-73.23
Investment in Securities	111.4	-0.5	-100	-	-
Investing Cash Flow	88.86	-60.05	-192.37	-46.65	-73.23
Long-Term Debt Issued	-	23.1	100.5	-	13.18
Long-Term Debt Repaid	-14.44	-11.7	-47.83	-9.54	-120.18
Net Debt Issued (Repaid)	-14.44	11.41	52.67	-9.54	-107.01
Issuance of Common Stock	185.74	92.68	97.5	183.6	526.82
Repurchase of Common Stock	-0.55	-1.07	-0.89	-1.89	-0.34
Preferred Dividends Paid	-3.2	-3.2	-3.2	-3.2	-3.2
Dividends Paid	-3.2	-3.2	-3.2	-3.2	-3.2
Other Financing Activities	1.72	22.34	4.99	11.62	-4.36
Financing Cash Flow	169.26	122.15	151.07	180.58	411.91
Foreign Exchange Rate Adjustments	0.08	0.11	0.08	-0.93	-0.08
Net Cash Flow	132.91	-90.69	-181.47	20.83	268.16
Free Cash Flow	-147.83	-212.46	-232.61	-158.82	-143.67
Free Cash Flow Margin	-93.47%	-189.47%	-188.51%	-121.71%	-206.46%
Free Cash Flow Per Share	-5.74	-12.87	-16.63	-12.44	-12.88
Cash Interest Paid	7.25	6.8	3.09	1.56	5.77
Cash Income Tax Paid	0.15	0.02	0.01	0	0.01
Levered Free Cash Flow	-44.37	-178.92	-160.22	-92.05	-112.15
Unlevered Free Cash Flow	-37.44	-170.92	-155.69	-88.05	-107.55
Change in Working Capital	-49.79	-57.85	-53.01	-1.51	-31.94

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