TPI Composites Balance Sheet

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
Cash & Equivalents	13.9	196.52	161.06	133.55	216.24
Short-Term Investments	-	0.58	0.6	0.59	1.24
Cash & Short-Term Investments	13.9	197.1	161.66	134.13	217.47
Cash Growth	-92.95%	21.93%	20.52%	-38.32%	63.95%
Accounts Receivable	61.09	168.64	241.55	397.26	310.81
Other Receivables	-	28.09	42.41	28.82	22.4
Receivables	61.09	196.73	283.96	426.08	333.21
Inventory	27.59	3.97	9.42	10.66	10.15
Prepaid Expenses	23	15.69	17.62	29.12	14.55
Restricted Cash	10.17	9.64	10.84	9.85	10.05
Other Current Assets	19.44	21.96	19.58	35.32	74.83
Total Current Assets	155.2	445.09	503.08	645.16	660.27
Property, Plant & Equipment	151.18	215.73	264.93	289.15	271.82
Goodwill	2.81	2.81	2.81	2.81	2.81
Other Intangible Assets	1.52	0.61	0.74	0.83	0.98
Long-Term Deferred Tax Assets	-	17.38	18.36	9.56	10.81
Long-Term Deferred Charges	-	0.05	1.7	2.44	1.89
Other Long-Term Assets	31.74	10.79	12.47	12.24	59.12
Total Assets	342.44	692.46	804.08	962.18	1,008
Accounts Payable	151.33	235.47	227.72	280.5	282.48
Current Portion of Long-Term Debt	456.05	130.68	69.43	58.8	61
Current Portion of Leases	18.13	26.91	23.05	23.39	27.71
Current Unearned Revenue	-	40.39	24.02	17.1	1.27
Other Current Liabilities	14.39	40.52	42.2	76.79	96.64
Total Current Liabilities	639.9	473.97	386.42	456.58	469.11
Long-Term Debt	-	485.03	413.96	0	5.82
Long-Term Leases	49.56	99.64	117.9	134.56	139
Other Long-Term Liabilities	332.45	7.07	8.1	10.67	20.84
Total Liabilities	1,022	1,066	926.38	601.81	634.78
Common Stock	0.5	0.49	0.47	0.42	0.37
Additional Paid-In Capital	440.18	438	431.34	407.57	451.44
Retained Earnings	-1,118	-777.06	-536.35	-334.57	-269.26
Treasury Stock	-12.55	-11.85	-10.13	-7.55	-6.59
Comprehensive Income & Other	10.26	-22.82	-7.63	-15.39	-54.01
Total Common Equity	-679.47	-373.24	-122.3	50.49	121.95
Shareholders' Equity	-679.47	-373.24	-122.3	360.36	372.93
Total Liabilities & Equity	342.44	692.46	804.08	962.18	1,008
Total Debt	523.74	742.25	624.34	216.76	233.53
Net Cash (Debt)	-509.84	-545.16	-462.69	-82.62	-16.06
Net Cash Per Share	-10.50	-11.49	-10.84	-1.97	-0.43
Filing Date Shares Outstanding	48.77	47.61	47.24	42.21	37.18
Total Common Shares Outstanding	48.77	47.61	46.47	42.04	37.18
Working Capital	-484.71	-28.88	116.65	188.58	191.16
Book Value Per Share	-13.93	-7.84	-2.63	1.20	3.28
Tangible Book Value	-683.79	-376.65	-125.85	46.85	118.17
Tangible Book Value Per Share	-14.02	-7.91	-2.71	1.11	3.18
Machinery	-	261.42	256.76	263.64	217.93
Construction In Progress	-	7.73	24.68	5.58	8.64
Leasehold Improvements	-	57.52	60.64	63.42	45.43
Order Backlog	-	377.3	767.3	-	-

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