Plug Power Inc. (PLUG)

Plug Power 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	-1,632	-2,105	-1,369	-724.01	-459.97
Depreciation & Amortization	44.56	84.56	71.08	51.6	23.37
Other Amortization	1.26	-	-	-	3.02
Loss (Gain) From Sale of Assets	-	2.89	-	0.27	-
Asset Writedown & Restructuring Costs	789.38	908.02	259.79	5.22	10.22
Loss (Gain) From Sale of Investments	-	3	-5.23	20.54	2.58
Loss (Gain) on Equity Investments	55.06	32.18	41.79	20.17	5.7
Stock-Based Compensation	50.55	82.2	162.91	179.63	76.47
Provision & Write-off of Bad Debts	28.46	67.21	8.41	-	-
Other Operating Activities	154.49	203.14	185.39	17.51	56.42
Change in Accounts Receivable	-47.37	55.16	-163.03	-70.44	-38.21
Change in Inventory	51.89	129.29	-408.63	-365.67	-100.95
Change in Accounts Payable	83.68	-59.46	21.72	88.46	24.91
Change in Unearned Revenue	-108.75	-85.68	58.4	40.62	70.65
Change in Other Net Operating Assets	-7.44	-46.44	29.65	-92.52	-32.39
Operating Cash Flow	-535.84	-728.64	-1,107	-828.62	-358.18
Capital Expenditures	-125.64	-334.25	-696.13	-463.87	-192.34
Sale of Property, Plant & Equipment	-	0.5	1.1	-	-
Cash Acquisitions	-	-	-	-56.91	-136.53
Divestitures	6.5	-	-	-	-
Sale (Purchase) of Intangibles	-	-	-	-	-0.93
Investment in Securities	-19.87	-68.62	1,423	-158.59	-1,411
Investing Cash Flow	-139.01	-402.36	728.05	-679.37	-1,741
Long-Term Debt Issued	643.29	250.29	104.25	122.89	108.93
Total Debt Issued	643.29	250.29	104.25	122.89	108.93
Long-Term Debt Repaid	-682.06	-113.49	-79.64	-176.24	-88.31
Total Debt Repaid	-682.06	-113.49	-79.64	-176.24	-88.31
Net Debt Issued (Repaid)	-38.77	136.8	24.62	-53.36	20.61
Issuance of Common Stock	714.59	858.03	1.61	2.3	3,611
Repurchase of Common Stock	-3.65	-2.53	-10.01	-23.74	-32.09
Other Financing Activities	-42.22	-9.13	-10.11	-2.67	-1.54
Financing Cash Flow	629.95	983.17	6.12	-77.46	3,598
Foreign Exchange Rate Adjustments	-1.84	19.4	-7.8	2.6	-0.8
Net Cash Flow	-46.73	-128.44	-380.2	-1,583	1,498
Free Cash Flow	-661.48	-1,063	-1,803	-1,292	-550.51
Free Cash Flow Margin	-93.18%	-169.03%	-202.25%	-184.26%	-109.59%
Free Cash Flow Per Share	-0.58	-1.35	-3.03	-2.23	-0.99
Cash Interest Paid	-	44.96	41.81	35.52	19.33
Levered Free Cash Flow	-387.41	-797.15	-1,363	-1,050	-486.3
Unlevered Free Cash Flow	-347.96	-768.01	-1,335	-1,025	-462.3
Change in Working Capital	-27.99	-7.13	-461.88	-399.55	-75.99

Updated Mar 2, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q