← ASPEN AEROGELS INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($12.0m) | ($19.3m) | ($34.4m) | ($14.6m) | ($21.8m) | ($37.1m) | ($82.7m) | ($45.8m) | $13.4m | ($389.6m) | — | |
| Depreciation, Depletion and Amortization | $9.9m | $10.8m | $10.8m | $10.2m | $10.2m | $9.4m | $9.2m | $15.3m | $22.5m | $45.2m | $22.3m | |
| Amortization of Debt Issuance Costs | $656k | — | — | — | $9k | $18k | $32k | $37k | $1.1m | $3.6m | — | |
| Depreciation | $9.8m | $10.8m | $10.8m | $10.2m | $10.2m | $9.4m | $9.2m | $15.3m | $22.5m | $45.2m | $22.3m | |
| Deferred Income Tax Expense (Benefit) | — | — | — | — | — | — | — | — | — | ($416k) | ($938k) | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | — | — | — | — | — | — | $8.6m | $9.9m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $200k | $391k | $551k | $470k | $1.2m | $2.7m | $2.4m | $420k | $1.3m | $765k | — | |
| Share-based Payment Arrangement, Expense | $5.3m | $5.1m | $4.3m | $3.8m | $5.0m | $5.2m | $9.4m | $11.0m | $12.9m | $9.2m | $9.9m | |
| Nonoperating Income (Expense) | ($803k) | ($185k) | ($524k) | ($406k) | ($240k) | $3.5m | ($3.5m) | $3.4m | ($39.4m) | ($8.9m) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | ($3.1m) | $8.7m | $1.7m | $6.7m | ($16.2m) | $4.6m | $37.0m | $12.6m | $39.4m | ($70.3m) | $40.6m | |
| Increase (Decrease) in Inventories | $6.3m | ($4.0m) | ($1.6m) | $1.4m | $4.3m | ($1.1m) | $10.6m | $16.7m | $8.4m | ($9.3m) | $915k | |
| Increase (Decrease) in Accounts Payable | $105k | $1.3m | $1.6m | $141k | ($7.1m) | $7.4m | $5.3m | $4.6m | $7.3m | ($19.5m) | ($24.8m) | |
| Net Cash Provided by (Used in) Operating Activities | ($578k) |
($4.6m)
-696.89%
|
($8.7m)
-87.89%
|
($1.1m)
+87.82%
|
($9.9m)
-841.56%
|
($18.6m)
-87.71%
|
($94.4m)
-406.76%
|
($42.6m)
+54.86%
|
$45.5m
+206.89%
|
$32.9m
-27.83%
|
$58.2m
+76.92%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $13.2m | $6.1m | $3.6m | $2.1m | $3.4m | $13.8m | $178.0m | $175.5m | $86.3m | $37.4m | ($61.5m) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | — | — | — | — | — | — | — | $0 | $7.6m | ($18.2m) | $18.2m | |
| Net Cash Provided by (Used in) Investing Activities | ($13.2m) | ($6.1m) | ($3.6m) | ($2.1m) | ($3.4m) | ($13.8m) | ($178.0m) | ($175.5m) | ($86.3m) | ($37.4m) | ($61.5m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | $3.7m | — | — | ($27.5m) | — | — | |
| Proceeds from Issuance of Long-term Debt | — | — | — | — | $3.7m | — | — | — | $125.0m | — | $178.0m | |
| Net Cash Provided by (Used in) Financing Activities | ($924k) |
$3.3m
+460.61%
|
$4.9m
+46.46%
|
$3.5m
-28.85%
|
$26.2m
+654.69%
|
$92.5m
+252.91%
|
$478.4m
+417.30%
|
$75.5m
-84.22%
|
$122.0m
+61.66%
|
($58.1m)
-147.64%
|
$79.6m
+236.86%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($14.7m) | ($7.4m) | ($7.4m) | $306k | $12.9m | $60.1m | $206.0m | ($142.6m) | $81.3m | ($62.7m) | $153.4m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $196k | $220k | $338k | $440k | $216k | $236k | $153k | $1k | $7.0m | $12.2m | — | |
| Income Taxes Paid, Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | $4.1m | — | |
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | — | — | — | — | — | ($2.8m) | ($500k) | — | |
| General and Administrative Expense | $17.4m | $19.0m | $19.1m | $16.5m | $15.7m | $22.5m | $38.5m | $56.8m | $71.1m | $55.8m | — | |
| Income Tax Expense (Benefit) | — | — | — | — | — | — | — | — | $1.7m | $2.4m | — | |
| Operating Expenses | $34.5m | $37.8m | $46.6m | $40.4m | $36.2m | $50.5m | $84.2m | $106.1m | $128.4m | $424.2m | — | |
| Payments of Financing Costs | $656k | — | — | — | — | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | — | — | — | — | $2.7m | $2.3m | $553k | $1.7m | $10.4m | $1.7m | — | |
| Restructuring Costs | — | — | — | — | — | — | — | — | — | $17.5m | — |