Daqo New Energy Corp. (DQ)

Daqo New Energy Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-216.08	-345.22	429.55	1,820	748.92
Depreciation & Amortization	-	206.36	148.89	107.1	77.37
Other Amortization	-	3.32	2.37	1.22	0.82
Loss (Gain) From Sale of Assets	-	18.91	4.38	8.9	2.75
Asset Writedown & Restructuring Costs	-	175.63	-	-	-
Loss (Gain) From Sale of Investments	-	-0.03	-0.11	-1.11	-2.41
Stock-Based Compensation	-	71.79	141.92	307.45	10.08
Provision & Write-off of Bad Debts	-	18.07	-	-	-
Other Operating Activities	345.67	-28.89	231.26	668.25	120.3
Change in Inventory	-	-59.01	-26.62	140.6	-275.43
Change in Accounts Payable	-	-64.83	13.37	7	61.07
Change in Unearned Revenue	-	-191.85	-7.89	-4.62	243.13
Change in Income Taxes	-	-88.12	-126.12	160.06	47.45
Change in Other Net Operating Assets	-73.46	-59.6	875.14	-817.05	-408.03
Operating Cash Flow	56.12	-435.42	1,616	2,463	638.99
Operating Cash Flow Growth	-	-	-34.38%	285.40%	204.71%
Capital Expenditures	-179.47	-358.83	-1,111	-1,205	-498.51
Sale (Purchase) of Intangibles	-	-10.09	-72.15	-45.19	-9.76
Investment in Securities	38.78	-1,112	-13.07	252.1	-273.63
Investing Cash Flow	-140.69	-1,481	-1,196	-998.42	-781.89
Short-Term Debt Issued	-	-	140	178.75	-
Long-Term Debt Issued	-	-	-	-	62.04
Total Debt Issued	-	-	140	178.75	62.04
Short-Term Debt Repaid	-	-	-140	-178.75	-
Long-Term Debt Repaid	-	-	-	-	-262.91
Total Debt Repaid	-	-	-140	-178.75	-262.91
Net Debt Issued (Repaid)	-	-	-	-	-200.87
Issuance of Common Stock	-	0.06	0	1	2.14
Repurchase of Common Stock	-	-5	-485.93	-124.93	-
Other Financing Activities	-0.85	-42.41	-309.47	1,596	934.96
Financing Cash Flow	-0.85	-47.36	-795.4	1,472	736.23
Foreign Exchange Rate Adjustments	27.36	-46.05	-97.08	-139.94	12.24
Net Cash Flow	-58.06	-2,010	-472.4	2,796	605.56
Free Cash Flow	-123.35	-794.25	505.3	1,257	140.48
Free Cash Flow Growth	-	-	-59.81%	794.99%	53.68%
Free Cash Flow Margin	-18.54%	-77.18%	21.90%	27.28%	8.37%
Free Cash Flow Per Share	-	-12.01	6.74	16.27	1.83
Cash Interest Paid	-	-	4.72	7.93	21.16
Cash Income Tax Paid	-	102.5	289.53	350.58	108.1
Levered Free Cash Flow	-469.34	-624.05	540.55	620.45	-74.06
Unlevered Free Cash Flow	-469.34	-624.05	540.55	620.45	-61.26
Change in Working Capital	-73.46	-555.37	657.8	-448.96	-318.84

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q