LAZR · As filed with the SEC
Luminar Technologies cash flow statement, by fiscal year
The statement as Luminar Technologies 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 | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net loss | (366,302,000) | (273,140,000) | (571,269,000) | (445,939,000) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Depreciation and amortization | 16,969,000 | 25,255,000 | 26,624,000 | 6,566,000 |
| Amortization of operating lease right-of-use assets | 6,113,000 | 8,497,000 | 6,987,000 | 5,237,000 |
| Amortization of discount on marketable securities | (1,099,000) | (2,248,000) | (5,929,000) | 1,288,000 |
| Loss on marketable securities | 690,000 | 1,901,000 | 7,594,000 | — |
| Losses and impairments on non-marketable securities and certain other assets | — | — | 2,141 | — |
| Losses and impairments on non-marketable securities and certain other assets | 0 | 4,000,000 | — | 6,016,000 |
| Change in fair value of warrants | — | (1,069) | (1,936) | (9,222) |
| Vendor stock in lieu of cash program | — | 14,614 | 50,829 | 41,459 |
| Change in fair value of warrants | 0 | — | — | — |
| Vendor stock in lieu of cash program | 12,785,000 | — | — | — |
| Amortization of debt discount and issuance costs | 7,955,000 | 4,938,000 | 3,236,000 | 3,236,000 |
| Inventory write-offs and write-downs | 12,820,000 | 20,133,000 | 19,547,000 | 12,154,000 |
| Change in the fair value of the derivatives | — | (31,729) | — | — |
| Loss on Firm Purchase Commitments | 42,811,000 | — | — | — |
| Change in the fair value of the derivatives | 3,308,000 | — | — | — |
| Gain or write-off on sale or disposal of property and equipment | 166,000 | (51,000) | 1,522,000 | 0 |
| Gain on extinguishment of debt | (22,303,000) | (148,660,000) | — | 0 |
| Share-based compensation, including restructuring costs | 8,706,000 | 139,135,000 | 207,132,000 | 162,405,000 |
| Impairment of goodwill and intangible assets | 3,719,000 | 6,647,000 | 15,489,000 | — |
| Expense related to Volvo Warrants | — | — | 0 | 0 |
| Product warranty | — | — | 2,382 | 2,481 |
| Gain from acquisition of EM4 | — | (1,474) | — | — |
| EM4 | — | (1,500) | — | — |
| Change in product warranty and other | — | (2,790) | — | — |
| Impairment of long-lived assets | 7,513,000 | — | — | — |
| Loss (gain) from acquisition of EM4 | 48,000 | — | — | — |
| Provision for credit loss | 2,186,000 | — | — | — |
| Gain from sale of investment | (2,908,000) | — | — | — |
| Change in product warranty and other | 6,172,000 | — | — | — |
| Deferred taxes | 0 | (582,000) | (64,000) | 232,000 |
| Other | — | — | 0 | 0 |
| Reorganization Items | 41,744,000 | — | — | — |
| Changes in operating assets and liabilities: | ||||
| Accounts receivable | 8,312,000 | 916,000 | (2,951,000) | 5,144,000 |
| Inventories | (4,866,000) | (19,306,000) | (22,951,000) | (10,477,000) |
| Prepaid expenses and other current assets | 10,539,000 | (4,990,000) | 11,641,000 | (6,557,000) |
| Other non-current assets | 21,701,000 | 10,722,000 | 177,000 | (3,289,000) |
| Accounts payable | 14,436,000 | (2,639,000) | 3,657,000 | 5,301,000 |
| Accrued and other current liabilities | (7,861,000) | (7,212,000) | 9,158,000 | 17,768,000 |
| Other non-current liabilities | (19,808,000) | (17,498,000) | (10,320,000) | (2,035,000) |
| Net cash used in operating activities | (196,454,000) | (276,630,000) | (247,304,000) | (208,232,000) |
| Cash flows from investing activities: | ||||
| Purchases of marketable securities | (54,268,000) | (130,404,000) | (301,493,000) | (404,598,000) |
| Proceeds from maturities of marketable securities | 128,120,000 | 177,932,000 | 520,286,000 | 367,367,000 |
| Proceeds from sales/redemptions of marketable securities | 23,625,000 | 3,421,000 | 52,356,000 | 88,041,000 |
| Proceeds from refundable security deposits | — | — | — | 0 |
| Issuance of promissory notes | (2,100,000) | — | — | — |
| Proceeds from sales of equity investment | 2,908,000 | — | — | — |
| Purchases of property and equipment | (2,021,000) | (5,090,000) | (21,915,000) | (15,614,000) |
| Acquisition, net of cash acquired | 242,000 | — | — | — |
| EM4 | — | (3,531) | — | — |
| Freedom Photonics | — | 0 | 0 | — |
| Proceeds from disposal of property and equipment | 305,000 | 135,000 | 0 | 0 |
| Freedom Photonics | — | — | — | (2,759) |
| Solfice | — | 0 | 0 | (2,001) |
| Seagate | — | 0 | (12,608) | — |
| Cash received from acquisition of Optogration, Inc. | — | — | 0 | 0 |
| Advances for capital projects and equipment | — | 0 | 0 | (2,450) |
| Acquisition of Seagate's lidar business | 0 | — | — | — |
| Net cash provided by investing activities | 96,811,000 | 42,463,000 | 236,626,000 | 27,986,000 |
| Cash flows from financing activities: | ||||
| Proceeds from issuance of Class A common stock | — | — | — | 1,271 |
| Equity Financing Program | — | — | 50,190 | — |
| TPK Universal Solutions Limited | — | — | 20,000 | — |
| Class A Common Stock - Equity Financing Program | — | 89,359 | — | — |
| Class A Common Stock - TPK Universal Solutions Limited | — | 0 | — | — |
| Class A Common Stock - Equity Financing Program | 36,153,000 | — | — | — |
| Class A Common Stock - TPK Universal Solutions Limited | 0 | — | — | — |
| Proceeds from issuance of Senior notes, net of Senior Notes and 2030 Convertible Notes issuance costs | 0 | 89,202,000 | 0 | 0 |
| Purchases of capped call options | — | — | 0 | 0 |
| Cash received from Gores on recapitalization | — | — | — | 0 |
| Transaction costs related to merger with Gores | — | — | — | 0 |
| Repayment of debt | — | — | 0 | 0 |
| Debt prepayment charges | — | — | — | 0 |
| Debt issuance costs | — | — | — | 0 |
| Principal payments on finance leases (capital leases prior to adoption of ASC 842) | — | — | 0 | 0 |
| Proceeds from exercise of warrants | — | — | 0 | 0 |
| Proceeds from exercise of stock options | 0 | 548,000 | 3,061,000 | 3,986,000 |
| Proceeds from sale of Class A common stock under ESPP | 381,000 | 1,153,000 | 2,641,000 | — |
| Payments of employee taxes related to stock-based awards | (1,054,000) | (1,997,000) | (2,137,000) | (3,730,000) |
| Proceeds from a financing transaction | — | 0 | 6,442 | — |
| Repurchases of common stock and redemption of warrants | — | 0 | 0 | (80,878) |
| Other financing activities | — | — | 0 | 0 |
| Proceeds from a financing transaction | 0 | — | — | — |
| Conversion of 2026 Convertible Senior Notes | (30,297,000) | — | — | — |
| Series X Convertible Preferred Stock | — | — | — | 0 |
| Issuance cost paid for Series X convertible preferred stock | — | — | — | 0 |
| Proceeds from the issuance of debt | — | — | — | 0 |
| Class A Common Stock | 31,415,000 | — | — | — |
| Net cash provided by financing activities | 36,598,000 | 178,265,000 | 80,197,000 | (79,351,000) |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (63,045,000) | (55,902,000) | 69,519,000 | (259,597,000) |
| Beginning cash, cash equivalents and restricted cash | 84,722,000 | 140,624,000 | 71,105,000 | 330,702,000 |
| Ending cash, cash equivalents and restricted cash | 21,677,000 | 84,722,000 | 140,624,000 | 71,105,000 |
| Supplemental disclosures of cash flow information: | ||||
| Cash paid for interest | 29,479,000 | 14,837,000 | 7,813,000 | 7,769,000 |
| Supplemental disclosures of noncash investing and financing activities: | ||||
| Conversion of Convertible Notes to Class A common stock | — | 28,945,000 | 0 | 0 |
| Issuance of Class A common stock to acquire Optogration, Inc. | — | — | 0 | 0 |
| Operating lease right-of-use assets obtained in exchange for lease obligations | — | — | 28,447 | 16,749 |
| Accounting Standards Update 2016-02 | — | — | 0 | 0 |
| Assets acquired under finance leases (capital leases prior to adoption of ASC 842) | — | — | — | 0 |
| Recognition/derecognition of right-of-use assets in exchange for lease obligations | — | (4,821) | — | — |
| Conversion of 2030 Convertible Notes | 1,300,000 | — | — | — |
| Conversion of 2026 Convertible Senior Notes | 16,105,000 | — | — | — |
| Class A Common Stock | 41,265,000 | — | — | — |
| Deemed dividend on Series A preferred stock | (11,820,000) | — | — | — |
| Class A Common Stock | (11,820,000) | — | — | — |
| Recognition/derecognition of right-of-use assets in exchange for lease obligations | (9,714,000) | — | — | — |
| Purchases of property and equipment recorded in accounts payable and accrued liabilities | 250,000 | 490,000 | 826,000 | 3,870,000 |
| Amounts payable for shares repurchased | — | — | 0 | 0 |
| Vendor stock in lieu of cash program-advances for capital projects and equipment | 0 | 0 | 8,551,000 | 28,402,000 |
| Investment in Plus | 0 | 0 | 10,000,000 | 12,588,000 |
| ECARX Holdings Inc., | — | 0 | 0 | — |
| Issuance of Class A common stock upon exercise of warrants | — | 0 | 0 | 19,003 |
| Conversion of Series A, Series X and Founders’ convertible preferred stock into Class A and Class B common stock | — | — | — | 0 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.