Applied Optoelectronics, Inc. (AAOI)

Applied Optoelectronics Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-43.34	-38.23	-186.73	-56.05	-66.4	-54.16
Depreciation & Amortization	31.2	27.7	20.65	20.43	23.2	25.37
Stock-Based Compensation	13.54	11.71	14.79	11.88	9.6	12.12
Other Adjustments	19.61	9.03	117.56	1.02	7.67	-0.93
Change in Receivables	-127.74	-127.6	-68.51	13.21	-4.99	-14.61
Changes in Inventories	-109.86	-100.72	-29.41	6.79	1.15	15.79
Changes in Accounts Payable	23.3	38.96	72.08	-14.95	12.97	7.07
Changes in Accrued Expenses	18.92	26.51	3.83	1.33	5.26	-3.09
Changes in Income Taxes Payable	-	-	-	-	-	0
Changes in Unearned Revenue	-	-	-	-1.8	-0.97	-
Changes in Other Operating Activities	-18.74	-13.1	-12.05	0.34	-1.52	0.8
Operating Cash Flow	-208.87	-174.43	-69.53	-0.66	-14.02	-11.64
Capital Expenditures	-208.98	-179.15	-43.41	-7.93	-3.21	-7.98
Sale of Property, Plant & Equipment	-	0.01	0.01	-9.08	0.4	0.11
Purchases of Intangible Assets	-0.43	-0.38	-0.51	-5.23	-0.5	-0.46
Other Investing Activities	-32.98	-31.08	-6.79	0.14	-0.53	-2.22
Investing Cash Flow	-242.39	-210.6	-50.7	-0.59	-3.83	-10.55
Short-Term Debt Issued	203.77	182.61	92.83	-186.77	188.93	147.56
Short-Term Debt Repaid	-175.73	-163.04	-85.2	114.68	-171.6	-143.75
Net Short-Term Debt Issued (Repaid)	28.04	19.56	7.63	-72.08	17.32	3.81
Long-Term Debt Repaid	-0.1	-0.08	-4.62	-53.75	-7.34	-4.14
Net Long-Term Debt Issued (Repaid)	-0.1	-0.08	-4.62	-53.75	-7.34	-4.14
Issuance of Common Stock	829.7	518.91	146.29	-1.02	1.24	15.41
Repurchase of Common Stock	-10.51	-10.45	-7.12	69.01	-0.45	-0.96
Net Common Stock Issued (Repurchased)	819.19	508.46	139.17	67.99	0.78	14.44
Other Financing Activities	-	-	-	83.66	-0.02	-0.02
Financing Cash Flow	847.19	527.94	142.18	25.82	10.75	14.09
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-13.37	-6.01	2.08	40.58	1.55	-0.88
Net Cash Flow	382.57	136.9	24.04	1.62	-5.55	-8.98
Free Cash Flow	-417.85	-353.58	-112.93	-8.59	-17.23	-19.63
FCF Margin	-82.42%	-77.59%	-45.29%	-3.95%	-7.73%	-9.28%
Free Cash Flow Per Share	-6.27	-5.87	-2.72	-0.27	-0.62	-0.73
Levered Free Cash Flow	-279.56	-218.55	-172.04	-177.67	-19.53	-16.55
Unlevered Free Cash Flow	-313.02	-244.49	-59.23	-37.15	-22.12	-18.82

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q