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	-199.45	-126.01	-107.57	-142.72	-101.06	-89.11
Depreciation & Amortization	39.39	36.19	25.38	21.27	19.87	19.38
Asset Writedown & Restructuring Costs	64.62	1.26	2.38	1.78	5.02	2.42
Stock-Based Compensation	11.19	11.76	11.95	6.79	4.29	1.87
Other Operating Activities	0.13	-18.27	-19.38	2.22	33.37	43.8
Change in Accounts Receivable	-46.97	-30.99	-20.85	8.97	-8.78	-11.86
Change in Inventory	13.59	-29.25	4.69	-28.06	-18.76	-2.11
Change in Accounts Payable	1.04	-1	3	6.33	1.99	-7.06
Change in Unearned Revenue	-1.97	4.1	-22.3	-11.28	-5.19	1.72
Change in Other Net Operating Assets	21.84	-0.71	-17.55	22.52	-1.21	4.17
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	-32.52
Investment in Securities	80.94	-0.5	-100	-	-	-
Investing Cash Flow	48.9	-60.05	-192.37	-46.65	-73.23	-32.52
Long-Term Debt Issued	-	23.1	100.5	-	13.18	87.76
Long-Term Debt Repaid	-	-11.7	-47.83	-9.54	-120.18	-30.12
Net Debt Issued (Repaid)	-3.24	11.41	52.67	-9.54	-107.01	57.64
Issuance of Common Stock	72.49	92.68	97.5	183.6	526.82	173.2
Repurchase of Common Stock	-0.51	-1.07	-0.89	-1.89	-0.34	-
Preferred Dividends Paid	-3.2	-3.2	-3.2	-3.2	-3.2	-6.48
Dividends Paid	-3.2	-3.2	-3.2	-3.2	-3.2	-6.48
Other Financing Activities	0.9	22.34	4.99	11.62	-4.36	-2.7
Financing Cash Flow	66.45	122.15	151.07	180.58	411.91	221.67
Foreign Exchange Rate Adjustments	-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
Free Cash Flow	-128.62	-212.46	-232.61	-158.82	-143.67	-69.3
Free Cash Flow Margin	-84.36%	-189.47%	-188.51%	-121.71%	-206.46%	-97.78%
Free Cash Flow Per Share	-6.00	-12.87	-16.63	-12.44	-12.88	-9.37
Cash Interest Paid	7.31	6.8	3.09	1.56	5.77	8.38
Cash Income Tax Paid	0.02	0.02	0.01	0	0.01	0
Levered Free Cash Flow	-74.85	-178.92	-160.21	-92.04	-112.15	-57.24
Unlevered Free Cash Flow	-68.4	-170.92	-155.68	-88.04	-107.55	-47.68
Change in Working Capital	-12.47	-57.85	-53.01	-1.51	-31.94	-15.14

Updated Sep 9, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q