Daqo New Energy Corp. (DQ)

Daqo New Energy 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	-245.02	-216.08	-448.15	652.89	2,480	864.85
Depreciation & Amortization	-	240.03	209.68	151.26	108.32	78.19
Stock-Based Compensation	-	55.82	71.79	141.92	307.45	10.08
Other Adjustments	391.14	18.46	194.67	-57.9	81.26	17.69
Change in Receivables	-	-76.24	58.92	987.39	-816.24	-360.14
Changes in Inventories	-	-34.34	-62.58	-13.08	138.26	-280.19
Changes in Accounts Payable	-	97.91	-60.67	13.37	7	35
Changes in Accrued Expenses	-	4.32	-38.32	24.87	14.24	9.73
Changes in Income Taxes Payable	-	-0.51	-88.12	-126.12	160.06	47.45
Changes in Unearned Revenue	-	0.7	-191.31	-7.34	-3.62	243.7
Changes in Other Operating Activities	-314.63	-40.4	-81.33	-151.22	-13.71	-27.36
Operating Cash Flow	-58.97	49.67	-435.42	1,616	2,463	638.99
Operating Cash Flow Growth	-	-	-	-34.38%	285.40%	204.71%
Capital Expenditures	-144.07	-173.01	-358.83	-1,111	-1,205	-498.51
Purchases of Intangible Assets	-	-	-10.09	-76.1	-45.19	-9.76
Proceeds from Sale of Intangible Assets	-	-	-	3.96	-	-
Purchases of Investments	-2,848	-4,614	-4,204	-26.77	-46.19	-501.44
Proceeds from Sale of Investments	2,426	4,653	3,092	13.7	298.29	227.81
Investing Cash Flow	-198.98	-134.23	-1,481	-1,196	-998.42	-781.89
Long-Term Debt Issued	-	-	-	140	178.75	62.04
Long-Term Debt Repaid	-	-	-	-140	-178.75	-262.91
Net Long-Term Debt Issued (Repaid)	-	-	-	0	0	-200.87
Issuance of Common Stock	-	-	0.06	0	1	2.14
Repurchase of Common Stock	-	-	-5	-485.93	-124.93	-
Net Common Stock Issued (Repurchased)	-	-	-4.95	-485.93	-123.93	2.14
Other Financing Activities	-	-0.85	-42.41	-309.47	1,596	934.96
Financing Cash Flow	-8.64	-0.85	-47.36	-795.4	1,472	736.23
Effect of Exchange Rate Changes on Cash and Cash Equivalents	34.08	27.36	-46.05	-97.08	-139.94	12.24
Net Cash Flow	-259.04	-58.06	-2,010	-472.4	2,796	605.56
Free Cash Flow	-203.04	-123.35	-794.25	505.3	1,257	140.48
Free Cash Flow Growth	-	-	-	-59.81%	794.99%	53.68%
FCF Margin	-35.73%	-18.54%	-77.18%	21.90%	27.28%	8.37%
Free Cash Flow Per Share	-3.01	-1.83	-12.01	6.74	16.27	1.83
Levered Free Cash Flow	-645.75	-75.82	-1,017	-789.45	1,025	156.06
Unlevered Free Cash Flow	-731.81	-151.57	-1,159	-594.07	1,672	486.62

Updated Apr 29, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q