ADNH · 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 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Income (loss) from discontinued operations | (40,994) | (71,397) | (74,337) | (20,523.34) |
| 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: | ||||
| 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: | ||||
| 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) |
| 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) |
| Cash flows from investing activities: | ||||
| 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) |
| Cash flows from financing activities: | ||||
| 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 |
| 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 |
| Net increase/(decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents from continuing operations | 3,459 | — | — | — |
| 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 |
| 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 |
| 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 |
| 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.