Skip to main content
Array Technologies, Inc. (ARRY)
NASDAQ: ARRY · Real-Time Price · USD
4.840
+0.040 (0.83%)
At close: Nov 13, 2026, 4:00 PM EST
4.800
-0.040 (-0.83%)
After-hours: Nov 13, 2026, 7:30 PM EST

Array Technologies Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
-111.21-52.24-240.39137.244.43-50.4
Depreciation & Amortization
3929.7738.2240.2786.511.39
Other Amortization
26.6622.7420.6525.1321.4229.59
Asset Writedown & Restructuring Costs
102.56102.56327.9---
Stock-Based Compensation
15.2415.5710.3514.5414.9813.76
Provision & Write-off of Bad Debts
1.180.912.062.532.6-0.47
Other Operating Activities
45.9137.44-31.444.74-32.78-5.9
Change in Accounts Receivable
31.0131.0141.4292.8-76.98-116.85
Change in Inventory
52.8552.85-44.7966.7420.87-88.18
Change in Accounts Payable
-35.87-35.8758.18-37.6512.677.02
Change in Unearned Revenue
0.490.4955.56-111.9959-50.62
Change in Income Taxes
-7.39-7.39-4.981.954.86-0.65
Change in Other Net Operating Assets
-20.32-96.06-78.77-4.3423.93-11.87
Operating Cash Flow
140.12101.79153.98231.96141.49-263.19
Operating Cash Flow Growth
21.07%-33.90%-33.62%63.93%--

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-28.32-21.97-7.31-16.99-10.62-3.36
Sale of Property, Plant & Equipment
--0.030.17--
Cash Acquisitions
-160.87-164.92---373.82-
Investment in Securities
-2-18.98---11.98
Other Investing Activities
---11.28---
Investing Cash Flow
-191.19-187.89-9.57-16.82-384.44-15.33

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Short-Term Debt Issued
----116126.03
Long-Term Debt Issued
-496.1593.0663.3120.19413.32
Total Debt Issued
100.68496.1593.0663.31136.19539.35
Short-Term Debt Repaid
-----116-126.03
Long-Term Debt Repaid
--486.63-101.72-162.36-38.24-133.23
Total Debt Repaid
-122.76-486.63-101.72-162.36-154.24-259.26
Net Debt Issued (Repaid)
-22.099.52-8.67-99.05-18.05280.1
Issuance of Common Stock
----15.89120.65
Preferred Dividends Paid
-4.31----18.67-8.05
Dividends Paid
-4.31----18.67-8.05
Other Financing Activities
-4.43-47.57-3.18-2.71-3.83-79.93
Financing Cash Flow
-30.82-38.05-11.84-101.768.44537.75

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
2.076-17.51.810.74-
Net Cash Flow
-79.82-118.16115.06115.18-233.77259.23

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
111.879.81146.68214.97130.87-266.54
Free Cash Flow Growth
12.32%-45.59%-31.77%64.25%--
Free Cash Flow Margin
9.97%6.21%16.02%13.63%7.99%-31.24%
Free Cash Flow Per Share
0.730.520.971.410.87-2.05
Levered Free Cash Flow
125.5368.79139.4173.550.72-249.48
Unlevered Free Cash Flow
136.2180.66155.08190.5866.79-242.21

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
11.2216.0638.6643.9523.1224.31
Cash Income Tax Paid
10.4823.3327.9745.9410.7413.32
Change in Working Capital
20.77-54.9626.647.5144.34-261.16
SEC Filings: 10-K · 10-Q