TPI Composites 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	-340.8	-240.71	-201.78	-65.31	-159.55
Depreciation & Amortization	26.47	30.48	38.87	45.48	52.59
Other Amortization	35.2	32.33	2.15	-	1.05
Loss (Gain) From Sale of Assets	-0.11	4.38	15.37	27.37	13.11
Asset Writedown & Restructuring Costs	-0.39	-	-	-	-
Stock-Based Compensation	2.17	6.67	9.88	15.08	8.41
Provision & Write-off of Bad Debts	-	-	23.32	-	-
Other Operating Activities	61.9	53.35	-9.77	11.48	2.13
Change in Accounts Receivable	66.42	67.58	115.8	-52.36	-10.73
Change in Inventory	-23.51	0.63	1.87	-0.64	-1.02
Change in Accounts Payable	68.26	12.51	-97.7	-11.42	45.76
Change in Other Net Operating Assets	-12.69	17.42	13.05	-31.97	22.73
Operating Cash Flow	-126.41	12.5	-80.97	-62.27	-25.53
Capital Expenditures	-14.53	-26.2	-36.14	-18.83	-37.12
Divestitures	-1.32	-	12.84	-	-
Investing Cash Flow	-15.85	-26.2	-23.3	-18.83	-37.12
Short-Term Debt Issued	46.33	192.68	169.03	130.15	10.27
Long-Term Debt Issued	7.5	-	135.09	-	31.55
Total Debt Issued	53.83	192.68	304.12	130.15	41.82
Short-Term Debt Repaid	-96.24	-136.16	-153.69	-107.05	-
Long-Term Debt Repaid	-1.27	-3.84	-1.3	-36.79	-186.9
Total Debt Repaid	-97.51	-140	-154.99	-143.84	-186.9
Net Debt Issued (Repaid)	-43.68	52.68	149.13	-13.69	-145.09
Issuance of Common Stock	-	-	-	0.05	5.21
Repurchase of Common Stock	-0.7	-1.72	-2.58	-0.96	-0.49
Other Financing Activities	-0.08	-	-24.55	-	-10.71
Financing Cash Flow	-44.45	50.96	121.99	-14.6	198.92
Foreign Exchange Rate Adjustments	3.64	-2.42	2.02	-3.45	-14.25
Net Cash Flow	-183.07	34.85	19.74	-99.15	122.02
Free Cash Flow	-140.94	-13.7	-117.11	-81.1	-62.64
Free Cash Flow Margin	-15.35%	-1.54%	-13.56%	-5.49%	-4.25%
Free Cash Flow Per Share	-2.90	-0.29	-2.74	-1.93	-1.67
Cash Interest Paid	10.47	13.54	9.65	5.73	13.36
Cash Income Tax Paid	18.12	19.87	23.12	30.82	25.27
Levered Free Cash Flow	-222.36	118.58	1.26	-21.89	-20.31
Unlevered Free Cash Flow	-201.95	139.2	3.19	-18.75	-12.84
Change in Working Capital	98.48	98.14	33.02	-96.38	56.74

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