AMERICAN SUPERCONDUCTOR CORP /DE/

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Net income (loss) ($27.4m) ($32.8m) $26.8m ($17.1m) ($22.7m) ($19.2m) ($35.0m) ($11.1m) $6.0m $133.8m
Depreciation and amortization $7.5m $11.5m $4.6m $4.3m $5.4m $5.3m $5.4m $4.5m $5.6m $7.4m
Amortization of operating lease right-of-use assets $321k $976k $1.1m
Deferred income taxes $735k ($1.7m) ($1.2m) ($2.4m) $24k $65k ($4.3m) ($118.7m)
Earnings (loss) from equity method investments $0 $132k ($220k)
Operating leases ($327k) ($1.6m) ($503k)
Stock-based compensation expense $2.9m $2.7m $3.0m $1.9m $3.5m $4.7m $4.7m $4.7m $7.8m $15.9m
Provision for excess and obsolete inventory $1.6m $434k $878k $1.3m $1.8m $1.9m $1.5m $2.0m $1.5m $3.5m
Change in fair value $4.9m $6.7m $4.2m
Other non-cash items ($940k) $793k ($117k) $329k $272k $525k $600k $44k ($587k) $316k
Accounts receivable $11.1m $1.1m ($529k) ($9.2m) $5.2m ($3.8m) ($10.4m) $4.3m ($3.2m) ($16.3m)
Inventory ($815k) ($2.4m) $5.0m ($8.1m) $8.1m ($3.3m) ($14.8m) ($6.8m) ($7.7m) ($7.0m)
Prepaid expenses and other current assets $2.7m $558k ($365k) $373k $823k ($420k) ($5.8m) $6.3m $543k ($598k)
Accounts payable and accrued expenses ($7.9m) ($3.0m) $2.8m $5.9m ($5.0m) $4.7m $8.7m ($13.8m) $3.2m $7.1m
Deferred revenue $1.4m ($1.9m) ($2.8m) $10.8m ($8.1m) ($933k) $20.9m $7.1m $13.2m ($6.9m)
Cash paid to settle NWL contingent consideration liability $0 ($3.3m) $0
Cash paid for acquisition, net of cash acquired $0 $74k $0 ($29.6m) ($72.1m)
Change in other assets $63k ($15k) ($144k) $8k $81k $65k ($281k) ($27k) $64k ($98k)
Repurchase of treasury stock ($927k) ($46k) $0 $0 ($126k) $0
Cash paid related to registration of common stock shares $0 ($148k) $0
Proceeds from public equity offering, net of offering expenses $0 $65.2m $0 $124.5m
Proceeds from exercise of employee stock options and ESPP $0 $175k $157k $202k $278k $241k $235k $279k $307k $391k
Right-of-use assets obtained in exchange for new lease obligations $680k $2.2m $1.1m
Net cash provided by operating activities ($11.2m) ($24.8m) $42.7m ($16.5m) ($8.7m) ($19.0m) ($22.5m) $2.1m $28.3m $23.1m
Purchases of property, plant and equipment ($656k) ($2.5m) ($952k) ($3.6m) ($1.8m) ($938k) ($1.2m) ($934k) ($2.4m) ($4.9m)
Net cash used in investing activities $192k $16.4m $2.2m ($36.6m) $2.5m ($7.2m) ($1.5m) ($961k) ($35.2m) ($77.1m)
Repayment of debt ($3.2m) ($1.6m) $0 ($53k) ($73k) ($65k) ($25k) ($8.8m)
Issuance of common stock $294k $12.4m $4.4m $0 $3.1m $31.4m $79.7m
Net cash provided by financing activities ($1.1m) $15.3m ($299k) $5.8m $50.8m $142k $162k $65.4m $8k $116.1m
Effect of exchange rate changes on cash, cash equivalents and restricted cash $452k ($635k) $8k $59k ($55k) $29k ($13k) $14k $24k
Net (decrease) increase in cash, cash equivalents and restricted cash $6.5m $43.9m ($47.3m) $44.7m ($26.1m) ($23.8m) $66.6m ($6.9m) $62.2m
Unrealized foreign exchange gain on cash and cash equivalents ($319k) $363k ($186k) ($226k) ($2k) ($41k) ($2k)
Cash, cash equivalents and restricted cash at beginning of year $27.7m $34.2m $78.2m $75.5m $49.5m $25.7m $92.3m $85.4m $147.6m
Cash paid for income taxes, net of refunds $992k $1.6m $2.9m $3.7m $594k $531k $350k $286k $312k $706k