Array Technologies, Inc. (ARRY)

Array Technologies 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	-66.98	-52.24	-240.39	137.24	4.43	-50.4
Depreciation & Amortization	53.08	47.29	52.78	54.83	101.06	25.95
Stock-Based Compensation	16.71	15.57	10.35	14.54	14.98	13.76
Other Adjustments	126.09	146.13	304.61	17.84	-23.32	8.67
Change in Receivables	91.55	31.01	41.42	92.8	-76.98	-116.85
Changes in Inventories	-0.83	52.85	-44.79	66.74	20.87	-88.18
Changes in Accounts Payable	-72.95	-35.87	58.18	-37.65	12.67	7.02
Changes in Accrued Expenses	-15.48	-54.14	-0.44	5.33	1.02	9.13
Changes in Income Taxes Payable	-3.37	-7.39	-4.98	1.95	4.86	-0.65
Changes in Unearned Revenue	49.44	0.49	55.56	-111.99	59	-50.62
Changes in Other Operating Activities	-105.14	-41.92	-78.33	-9.66	22.91	-21.01
Operating Cash Flow	167.68	101.79	153.98	231.96	141.49	-263.19
Operating Cash Flow Growth	67.93%	-33.90%	-33.62%	63.93%	-	-
Capital Expenditures	-27.13	-21.97	-7.31	-16.99	-10.62	-3.36
Sale of Property, Plant & Equipment	-	-	0.03	0.17	-	-
Purchases of Investments	-1	-1	-3	-	-	-11.98
Proceeds from Sale of Investments	-	-	11.98	-	-	-
Payments for Business Acquisitions	-164.92	-164.92	-	-	-373.82	-
Other Investing Activities	-	-	-11.28	-	-	-
Investing Cash Flow	-192.05	-187.89	-9.57	-16.82	-384.44	-15.33
Short-Term Debt Issued	-	-	-	-	116	126.03
Short-Term Debt Repaid	-	-	-	-	-116	-126.03
Long-Term Debt Issued	167.51	496.15	93.06	63.31	20.19	413.32
Long-Term Debt Repaid	-427.31	-486.63	-101.72	-162.36	-38.24	-133.23
Net Long-Term Debt Issued (Repaid)	-259.8	9.52	-8.67	-99.05	-18.05	280.1
Issuance of Common Stock	-	-	-	-	15.89	120.65
Repurchase of Common Stock	0.18	-0.85	-1.75	-1.51	-	-
Net Common Stock Issued (Repurchased)	0.18	-0.85	-1.75	-1.51	15.89	120.65
Issuance of Preferred Stock	-	-	-	-	33.1	224.99
Net Preferred Stock Issued (Repurchased)	-	-	-	-	33.1	224.99
Preferred Share Dividends Paid	-	-	-	-	-18.67	-8.05
Other Financing Activities	-5.44	-46.73	-1.43	-1.2	-3.83	-79.93
Financing Cash Flow	-44.12	-38.05	-11.84	-101.76	8.44	537.75
Effect of Exchange Rate Changes on Cash and Cash Equivalents	4.06	6	-17.5	1.81	0.74	-
Net Cash Flow	-64.43	-118.16	115.06	115.18	-233.77	259.23
Free Cash Flow	140.55	79.81	146.68	214.97	130.87	-266.54
Free Cash Flow Growth	76.09%	-45.59%	-31.77%	64.25%	-	-
FCF Margin	11.66%	6.22%	16.02%	13.64%	7.99%	-31.24%
Free Cash Flow Per Share	0.92	0.52	0.97	1.41	0.87	-2.05
Levered Free Cash Flow	-510.05	-163.17	-274.04	-60.96	150.1	92.26
Unlevered Free Cash Flow	-190.46	-112.49	-187.09	118.43	228	-142.12

Updated May 6, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q