TPICQ · As filed with the SEC
Tpi Composites cash flow statement, by fiscal year
The statement as Tpi Composites 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
| USD | 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 | (340,802,000) | (240,707,000) | (201,779,000) | (65,305,000) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Depreciation and amortization | 26,473,000 | 30,482,000 | 38,869,000 | 45,480,000 |
| Provision for credit losses | 0 | 0 | 23,323,000 | — |
| Loss on sale of assets and asset impairments | — | — | 23,332,000 | 27,372,000 |
| Loss on sale of discontinued operations | — | 6,342,000 | — | — |
| Loss on sale of assets and asset impairments | — | 36,599,000 | — | — |
| (Gain) loss on sale of discontinued operations | (10,292,000) | — | — | — |
| Loss on sale of assets and asset impairments | 15,059,000 | — | — | — |
| Share-based compensation expense | 2,173,000 | 6,667,000 | 9,881,000 | 15,080,000 |
| Amortization of debt issuance costs and debt discount | 35,200,000 | 32,331,000 | 2,151,000 | 0 |
| Paid-in-kind interest | 51,907,000 | 46,103,000 | 2,041,000 | — |
| Deferred income taxes | (4,225,000) | (3,458,000) | (11,806,000) | 11,484,000 |
| Reorganization items, net | 49,591,000 | — | — | — |
| Non Cash | (385,000) | — | — | — |
| Changes in assets and liabilities: | ||||
| Accounts receivable | 50,483,000 | (16,981,000) | 17,540,000 | (42,030,000) |
| Contract assets and liabilities | — | 84,560,000 | 98,255,000 | (10,331,000) |
| Operating lease right of use assets and operating lease liabilities | — | 37,000 | (9,769,000) | (4,727,000) |
| Contract assets and liabilities | 15,936,000 | — | — | — |
| Operating lease right of use assets and operating lease liabilities | (1,829,000) | — | — | — |
| Inventories | (23,514,000) | 632,000 | 1,871,000 | (639,000) |
| Prepaid expenses | (14,895,000) | 1,296,000 | 13,003,000 | (9,254,000) |
| Other current assets | (1,014,000) | 6,625,000 | (8,283,000) | (3,125,000) |
| Other noncurrent assets | (4,454,000) | 8,706,000 | 980,000 | 4,873,000 |
| Accounts payable and accrued expenses | 68,261,000 | 12,508,000 | (97,700,000) | (11,418,000) |
| Accrued warranty | — | 1,285,000 | 15,136,000 | (19,673,000) |
| Accrued warranty | 6,986,000 | — | — | — |
| Other noncurrent liabilities | 2,520,000 | (529,000) | 1,983,000 | (59,000) |
| Net cash used in operating activities | (126,412,000) | 12,498,000 | (80,972,000) | (62,272,000) |
| Cash flows from investing activities: | ||||
| Purchases of property, plant and equipment | (14,531,000) | (26,201,000) | (36,137,000) | (18,832,000) |
| Restricted cash transferred upon sale of business | (1,316,000) | — | — | — |
| Proceeds from sale of business | 0 | 0 | 12,836,000 | — |
| Net cash used in investing activities | (15,847,000) | (26,201,000) | (23,301,000) | (18,832,000) |
| Cash flows from financing activities: | ||||
| Proceeds from revolving and term loans | — | — | — | 0 |
| Proceeds from DIP financing | 7,500,000 | — | — | — |
| Payments of DIP financing costs | (75,000) | — | — | — |
| Proceeds from working capital loans | 46,332,000 | 192,677,000 | 46,329,000 | 43,992,000 |
| Repayments of working capital loans | — | (136,158,000) | (47,673,000) | (39,015,000) |
| Repayments of working capital loans | (96,241,000) | — | — | — |
| Principal repayments of finance leases | (676,000) | (1,238,000) | (1,300,000) | (5,100,000) |
| Net proceeds from other debt | (597,000) | (2,599,000) | 19,273,000 | (5,456,000) |
| Proceeds from exercise of stock options and common stock warrants | — | 0 | 0 | 50,000 |
| Proceeds from issuance of convertible notes | 0 | 0 | 132,500,000 | — |
| Purchase of capped calls | — | 0 | (18,590,000) | — |
| Purchase of capped calls | 0 | — | — | — |
| Payments of debt issuance costs | 0 | 0 | (5,962,000) | 0 |
| Proceeds from revolving and term loans | — | — | 0 | — |
| Repayments of revolving and term loans | — | 0 | 0 | (8,109,000) |
| Repurchase of common stock including shares withheld in lieu of income taxes | (696,000) | (1,718,000) | (2,583,000) | (959,000) |
| Proceeds from the issuance of Series A Preferred Stock and warrants to purchase common stock | — | — | 0 | 0 |
| Equity issuance costs | — | — | 0 | 0 |
| Net repayments of accounts receivable financing | — | — | — | 0 |
| Net cash provided by financing activities | (44,453,000) | 50,964,000 | 121,994,000 | (14,597,000) |
| Impact of foreign exchange rates on cash, cash equivalents and restricted cash | 3,643,000 | (2,415,000) | 2,023,000 | (3,448,000) |
| Net change in cash, cash equivalents and restricted cash | (183,069,000) | 34,846,000 | 19,744,000 | (99,149,000) |
| Cash, cash equivalents and restricted cash, beginning of year | 207,659,000 | 172,813,000 | 153,069,000 | 252,218,000 |
| Cash, cash equivalents and restricted cash, end of period | 24,590,000 | 207,659,000 | 172,813,000 | 153,069,000 |
| Supplemental cash flow information: | ||||
| Cash paid for interest | 10,469,000 | 13,542,000 | 9,650,000 | 5,727,000 |
| Cash paid for income taxes, net of refunds | 18,121,000 | 19,868,000 | 23,115,000 | 30,818,000 |
| Cash paid for professional fees for services related to bankruptcy proceedings | 49,901,000 | — | — | — |
| Cash paid for professional fees for services related to restructuring | 23,175,000 | — | — | — |
| Noncash investing and financing activities: | ||||
| Right of use assets obtained in exchange for new operating lease liabilities | 807,000 | 13,655,000 | 8,077,000 | 27,435,000 |
| Property, plant, and equipment obtained in exchange for new finance lease liabilities | 77,000 | 294,000 | 796,000 | 215,000 |
| Accrued capital expenditures in accounts payable | 3,770,000 | 3,862,000 | 5,861,000 | 2,429,000 |
| DIP roll-up loan | 15,000,000 | — | — | — |
| Paid in kind DIP interest and commitment fees | 1,397,000 | — | — | — |
| Paid-in-kind preferred stock dividends and accretion | 0 | 0 | 58,453,000 | 58,903,000 |
| Issuance of Common Stock to extinguish Series A Preferred Stock | 0 | 0 | 8,346,000 | — |
| Issuance of debt, net of debt discount, to extinguish Series A Preferred Stock | 0 | 0 | 274,712,000 | — |
| Accrued transaction costs in accounts payable to extinguish Series A Preferred Stock | — | 0 | 1,499,000 | — |
| Accrued transaction costs in accounts payable to extinguish Series A Preferred Stock | 0 | — | — | — |
| Reconciliation of Cash, Cash Equivalents and Restricted Cash: | ||||
| Cash and cash equivalents | — | 161,059,000 | 133,546,000 | 216,236,000 |
| Cash and cash equivalents | — | — | 161,059,000 | 133,546,000 |
| Restricted cash | — | 10,838,000 | 9,854,000 | 10,053,000 |
| Restricted cash | — | — | 10,838,000 | 9,854,000 |
| Restricted cash included within other noncurrent assets | — | — | 0 | 0 |
| Restricted cash included within other noncurrent assets | — | — | — | 0 |
| Cash and cash equivalents of discontinued operations | — | 916,000 | 9,669,000 | 25,929,000 |
| Cash and cash equivalents of discontinued operations | — | — | 916,000 | 9,669,000 |
| Restricted cash of discontinued operations | — | 0 | 0 | 0 |
| Restricted cash of discontinued operations | — | — | 0 | 0 |
| Total cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows | — | 172,813,000 | 153,069,000 | 252,218,000 |
| Total cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows | — | — | 172,813,000 | 153,069,000 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.