ADN · As filed with the SEC
Advent Technologies Holdings cash flow statement, by fiscal year
The statement as Advent Technologies Holdings presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED STATEMENTS OF CASH FLOWS · USD thousands
| USD thousands | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 | FY2018 Year ended Dec 31, 2018 |
|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||
| Income (loss) from discontinued operations | (40,994) | (71,397) | (74,337) | (20,523.34) | (993.85) | 2,872.89 | — |
| Net loss from discontinued operations | (10,980) | — | — | — | — | — | — |
| Net loss from continuing operations | (30,014) | — | — | — | — | — | — |
| Adjustments to reconcile net loss to net cash flows (used in)/provided by operating activities: | |||||||
| Other Income - dividends and interest | — | — | — | — | (836,541) | (4,638,361) | — |
| Depreciation Expense | 1,564 | 3,005 | 1,493 | 559.10 | — | — | — |
| Goodwill Impairment | 29 | 642 | 2,764 | 1,184.83 | — | — | — |
| Credit loss – customer contracts | — | — | 1,116 | — | — | — | — |
| Amortization of Intangibles | — | 13,468 | 38,922 | — | — | — | — |
| Credit loss allowance | 3,617 | 1,270 | — | — | — | — | — |
| Gain from purchase price adjustment | — | — | (2,370) | — | — | — | — |
| Non-Operating Income (Expense) | 4,724 | — | — | — | — | — | — |
| Non-Operating Income (Expense) | (59) | (394) | (9,375) | (22,743.06) | — | — | — |
| Stock-Based Compensation Expense | 3,783 | 9,881 | 10,414 | 7,708.88 | — | — | — |
| Provision for Doubtful Accounts (CF) | — | 966 | — | 13.38 | — | — | — |
| Income Tax Expense | (55) | 719 | (1,970) | (922.51) | — | — | — |
| Net losses on disposal/write-offs of property, plant and equipment and intangible assets | 6,235 | 3 | 232 | 8.69 | — | — | — |
| Provision for inventories | (32) | 11,918 | — | — | — | — | — |
| Net Periodic Pension Cost | 6 | 23 | 27 | 5.35 | — | — | — |
| Changes in operating assets and liabilities: | |||||||
| Prepaid income tax | — | — | — | — | (203,613) | — | — |
| Decrease/(increase) in accounts receivable | 679 | 671 | 1,830 | 940.06 | — | — | — |
| Decrease in due from related parties | — | — | — | 67.78 | — | — | — |
| Decrease/(increase) in contract assets | (613) | (9) | 620 | (1,312.80) | — | — | — |
| Decrease/(increase) in inventories | 217 | (1,827) | (5,932) | (1,595.10) | — | — | — |
| Decrease/(increase) in prepaid expenses and other current assets | 150 | (15) | 1,963 | (4,960.83) | (296.85) | 72.72 | — |
| Accounts payable | — | — | — | — | 323,943 | (29,868) | — |
| Accrued expenses | — | — | — | — | 0 | 25,000 | — |
| Accrued offering costs | — | — | — | — | — | 0 | — |
| Franchise tax payable | — | — | — | — | — | 146,050 | — |
| Franchise tax payable | — | — | — | — | (160,000) | — | — |
| Income tax payable | — | — | — | — | (1,033,660) | 920,660 | — |
| Decrease/(increase) in other non-current assets | (2,479) | 5,729 | (194) | (197.64) | — | — | — |
| Change in Accounts Payable | 9,528 | (5,434) | (46) | 2,958.68 | — | — | — |
| Net Cash from Operating Activities | — | — | — | (1,114.66) | — | — | — |
| (Decrease)/increase in due to related parties | 305 | — | — | — | — | — | — |
| Change in Deferred Revenue | (162) | (23) | 649 | (563.19) | — | — | — |
| Increase in loss contingency liability | 402 | — | — | — | — | — | — |
| Change in Deferred Revenue | 2,787 | 1,214 | (247) | 36.75 | — | — | — |
| (Decrease)/increase in other current liabilities | 1,236 | (1,503) | (5,661) | 4,878.53 | — | — | — |
| (Decrease) in income tax payable | — | (9) | (13) | 9.77 | — | — | — |
| Net Cash from Operating Activities | — | (185) | (46) | (275.69) | — | — | — |
| Proceeds for tenant improvement incentive from landlord | — | — | 7,958 | — | — | — | — |
| Operating Lease Expense | — | — | 78 | — | — | — | — |
| Operating lease asset and liabilities | (450) | (828) | — | — | — | — | — |
| Net cash provided by/(used in) operating activities from continuing operations | 1,398 | (32,115) | (32,125) | (35,837) | (3,200.57) | (630.91) | — |
| Cash flows from investing activities: | |||||||
| Investment of cash in Trust Account | — | — | — | — | (1,865,649) | 0 | — |
| Trust Account withdrawals for the payment of franchise taxes and income taxes | — | — | — | — | — | 265,057 | — |
| Trust Account withdrawal for redemption of common stock | — | — | — | — | 132,990,436 | — | — |
| Trust Account withdrawals for the payment of franchise taxes and income taxes | — | — | — | — | 1,805,098 | — | — |
| Proceeds from Sale of PP&E | 1,294 | 256 | 0 | 6.97 | — | — | — |
| Purchases of property and equipment | (36) | (3,371) | (11,527) | (3,920.47) | — | — | — |
| Purchases of intangible assets | (47) | — | (117) | (17.75) | — | — | — |
| Advances for the acquisition of property and equipment | — | (1,255) | (2,557) | (2,200.16) | — | — | — |
| Acquisition of subsidiaries | — | (1,864) | — | (19,425.38) | — | — | — |
| Acquisition of available for sale financial assets | — | — | (316) | — | — | — | — |
| Net cash provided by/(used in) investing activities from continuing operations | 1,211 | (6,234) | (14,517) | (25,556.78) | 132,929.89 | 265.06 | — |
| Cash flows from financing activities: | |||||||
| Payment of offering costs | — | — | — | — | — | 0 | — |
| Proceeds from issuance of common stock to Sponsor | — | — | — | — | — | 0 | — |
| Proceeds from sale of warrants | — | — | — | — | — | 0 | — |
| Proceeds from sale of Units | — | — | — | — | — | 0 | — |
| Proceeds of issuance of preferred stock | — | — | — | 0 | — | — | — |
| Net Cash from Financing Activities | 291 | 9,059 | — | 262.18 | — | — | — |
| Proceeds from exercise of stock options | — | — | — | 0 | — | — | — |
| Business Combination and PIPE financing, net of issuance costs paid | — | — | — | 141,120.85 | — | — | — |
| Repurchase of common stock - cancellation of shares | — | — | — | 0 | (132,990,436) | — | — |
| Proceeds from promissory note | — | — | — | — | 2,365,649 | — | — |
| Proceeds from Promissory Note - related party | — | — | — | — | 400,000 | 0 | — |
| Repayment of Promissory Note - related party | — | — | — | — | — | 0 | — |
| State loan proceeds | — | — | — | 118,274 | — | — | — |
| Proceeds from borrowings | 660 | — | — | — | — | — | — |
| Repayments of debt | (101) | — | (40) | 0 | — | — | — |
| Net cash provided by financing activities from continuing operations | 850 | 9,059 | (40) | 141,501.30 | (130,224.79) | 0 | — |
| Cash - Beginning | — | — | — | — | — | 886,279 | — |
| Cash - Ending | — | — | — | — | — | — | 886,279 |
| Net increase/(decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents from continuing operations | 3,459 | — | — | — | (495.48) | (365.86) | — |
| Effect of Exchange Rate on Cash | 378 | 83 | 537 | — | — | — | — |
| Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning of year | 4,412 | 33,619 | 79,764 | 515.73 | 520.42 | 886.28 | — |
| Net cash provided by / (used in) discontinued operations: | |||||||
| Cash used in operating activities | (8,011) | — | — | — | — | — | — |
| Cash used in investing activities | (38) | — | — | — | — | — | — |
| Cash provided by financing activities | 543 | — | — | — | — | — | — |
| Net cash used in discontinued operations | (7,506) | — | — | — | — | — | — |
| Net decrease in cash, cash equivalents, restricted cash and restricted cash equivalents | (3,669) | (29,290) | (46,682) | 80,107.52 | — | — | — |
| Effect of exchange rate changes on cash and cash equivalent | — | — | — | (858,823) | — | — | — |
| Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning of year | 4,050 | — | — | — | — | — | — |
| Cash, cash equivalents, restricted cash and restricted cash equivalents, end of year | 381 | 4,412 | 33,619 | 79,764.43 | 24.95 | 520.42 | 886.28 |
| Reconciliation to Consolidated Balance Sheets: | |||||||
| Cash and cash equivalents | 381 | — | — | — | — | — | — |
| Cash, cash equivalents, restricted cash and restricted cash equivalents | 381 | — | — | — | — | — | — |
| Cash, cash equivalents, restricted cash and restricted cash from continuing operations | 381 | — | — | — | — | — | — |
| Cash, cash equivalents, restricted cash and restricted cash equivalents | 381 | — | — | — | — | — | — |
| Supplemental Cash Flow Information | |||||||
| Cash activities | |||||||
| Interest Expense | 115 | 41 | 15 | 12.43 | — | — | — |
| Income taxes paid | — | — | 13 | 957.94 | 1,436.30 | 153.62 | — |
| Initial classification of common stock subject to redemption | — | — | — | — | — | 0 | — |
| Initial classification of deferred underwriting fee payable | — | — | — | — | — | 0 | — |
| Change in value of common stock subject to possible redemption | — | — | — | — | — | 2,897,890 | — |
| Reversal of deferred offering costs over accrual | — | — | — | — | — | 25,000 | — |
| Change in value of common stock subject to possible redemption | — | — | — | — | (993,848) | — | — |
| Reversal of deferred offering costs over accrual | — | — | — | — | 0 | — | — |
| Income tax refunds received | — | — | — | 0 | — | — | — |
| Common stock issued as partial consideration of SerEnergy and FES acquisition | — | — | — | 37,923.35 | — | — | — |
| Stock-based compensation | — | — | — | 7,708,877 | — | — | — |
| Income Tax Expense | (55) | (82) | — | — | — | — | — |
| Assets acquired under operating leases | — | — | 1,594 | — | — | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.