FuelCell Energy, Inc. (FCEL)

FuelCell Energy Cash Flow Statement

Financials in millions USD. Fiscal year is November - October.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jul 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020
Net Income	-201.63	-156.78	-108.06	-147.23	-101.03	-89.11
Depreciation & Amortization	39.39	36.19	25.38	21.27	19.87	19.38
Stock-Based Compensation	11.19	11.76	11.95	6.79	4.29	1.87
Other Adjustments	2.31	13.72	-16.21	8.61	36.5	46.02
Change in Receivables	-46.97	-30.99	-20.85	8.97	-8.78	-11.86
Changes in Inventories	13.59	-29.25	4.69	-28.06	-18.76	-2.11
Changes in Accounts Payable	1.04	-1	3	6.33	1.99	-7.06
Changes in Accrued Expenses	3.93	4.69	-4.46	24.62	0.32	5.47
Changes in Unearned Revenue	-1.97	4.1	-22.3	-11.28	-5.19	1.72
Changes in Other Operating Activities	17.91	-5.4	-13.09	-2.09	-1.53	-1.3
Operating Cash Flow	-96.58	-152.91	-140.25	-112.17	-70.44	-36.78
Capital Expenditures	-32.04	-59.55	-92.36	-46.65	-73.23	-31.91
Purchases of Investments	-	-835.74	-299.09	-	-	-
Proceeds from Sale of Investments	1,101	835.24	199.09	-	-	-
Other Investing Activities	-	-	-	-	-	-0.61
Investing Cash Flow	48.9	-60.05	-192.37	-46.65	-73.23	-32.52
Long-Term Debt Issued	-	23.1	100.5	-	10.18	87.76
Long-Term Debt Repaid	-13.34	-11.7	-47.83	-9.54	-102.64	-30.12
Net Long-Term Debt Issued (Repaid)	-13.34	11.41	52.67	-9.54	-92.47	57.64
Issuance of Common Stock	72.44	92.68	97.5	183.55	526.82	173.2
Repurchase of Common Stock	-0.51	-1.07	-0.89	-1.89	-0.34	-
Net Common Stock Issued (Repurchased)	71.94	91.6	96.61	181.67	526.48	173.2
Repurchase of Preferred Stock	-	-	-	-	-21.54	-
Net Preferred Stock Issued (Repurchased)	-	-	-	-	-21.54	-
Preferred Share Dividends Paid	-3.2	-3.2	-3.2	-3.2	-3.2	-6.48
Other Financing Activities	-3.1	22.34	4.99	11.66	2.64	-2.7
Financing Cash Flow	66.45	122.15	151.07	180.58	411.91	221.67
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-0.09	0.11	0.08	-0.93	-0.08	-0.09
Net Cash Flow	18.67	-90.69	-181.47	20.83	268.16	152.27
Beginning Cash & Cash Equivalents	218.18	299.58	481.04	460.21	192.05	39.78
Ending Cash & Cash Equivalents	236.85	208.88	299.58	481.04	460.21	192.05
Free Cash Flow	-128.62	-212.46	-232.61	-158.82	-143.67	-68.69
FCF Margin	-84.36%	-189.47%	-188.51%	-121.71%	-206.46%	-96.92%
Free Cash Flow Per Share	-6.00	-12.87	-16.63	-12.44	-12.88	-9.28
Levered Free Cash Flow	-170.94	-164.83	-154.05	-188.12	-270.05	-47.28
Unlevered Free Cash Flow	-98.6	-208.68	-234.5	-178.78	-141.42	-54.96

Updated Sep 9, 2025. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q