Sunrun Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-1,029	-1,009	-4,355	-2,683	-849.65	-980.53
Depreciation & Amortization	745.24	725.58	620.88	531.67	451.05	388.1
Stock-Based Compensation	109.25	107.95	112.83	111.78	110.63	211
Other Adjustments	268.34	195.86	3,174	1,414	-150.05	49.33
Change in Receivables	-90.77	-119.77	-14.97	15.75	-86.76	-62.12
Changes in Inventories	-55.99	-99.2	57.66	324.16	-277.09	-223.77
Changes in Accounts Payable	14.27	-80.06	177.45	-108.79	40.46	66.93
Changes in Accrued Expenses	40.67	84.69	80.59	-56.47	64.12	33.2
Changes in Unearned Revenue	170.69	188.19	152.76	106.7	227.3	78.2
Changes in Other Operating Activities	-479.05	-415.58	-772	-476.63	-378.81	-377.51
Operating Cash Flow	-306.61	-421.44	-766.15	-820.74	-848.79	-817.19
Capital Expenditures	-2,270	-2,500	-2,701	-2,608	-2,011	-1,686
Purchases of Investments	-3.72	-	-	-5	-75	-
Investing Cash Flow	-2,274	-2,500	-2,701	-2,613	-2,086	-1,686
Short-Term Debt Issued	583.74	550.07	478.52	1,166	1,165	738.05
Short-Term Debt Repaid	-889.55	-820.23	-509.53	-1,132	-871.18	-757.64
Net Short-Term Debt Issued (Repaid)	-305.81	-270.16	-31.02	34.34	294.09	-19.59
Long-Term Debt Issued	3,398	4,111	4,455	3,746	3,429	2,559
Long-Term Debt Repaid	-2,119	-2,288	-2,142	-1,577	-1,799	-856.09
Net Long-Term Debt Issued (Repaid)	1,280	1,823	2,313	2,169	1,629	1,703
Issuance of Common Stock	18.06	16.8	18.88	22.61	32.86	36.14
Net Common Stock Issued (Repurchased)	18.06	16.8	18.88	22.61	32.86	36.14
Other Financing Activities	1,699	1,642	1,126	1,243	1,081	926.15
Financing Cash Flow	2,691	3,211	3,427	3,469	3,037	2,646
Net Cash Flow	-147.72	289.57	-40.42	34.82	102.59	142.22
Free Cash Flow	-2,577	-2,922	-3,467	-3,429	-2,860	-2,503
FCF Margin	-81.16%	-98.81%	-170.15%	-151.73%	-123.19%	-155.49%
Free Cash Flow Per Share	-9.61	-11.05	-15.60	-15.83	-13.05	-12.20
Levered Free Cash Flow	-589.11	-94	-2,948	-1,689	212.84	-117.16
Unlevered Free Cash Flow	-1,887	-2,205	-6,056	-4,257	-2,548	-2,394

SEC Filings: 10-K · 10-Q