← SPRUCE POWER HOLDING CORP
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Net loss | ($14.9m) | ($25.6m) | $28.8m | ($92.8m) | ($66.6m) | ($70.1m) | ($25.7m) | — | |
| Add back: Net loss (income) from discontinued operations | — | — | $23.8m | $40.1m | $4.1m | ($25k) | $64k | — | |
| Net Income | — | — | — | ($93.9m) |
($65.8m)
+29.92%
|
($70.5m)
-7.08%
|
($26.0m)
+63.08%
|
($13.2m)
+49.34%
|
|
| Net Income From Continuing Operations | — | — | — | ($52.7m) | ($62.5m) | ($70.1m) | ($25.6m) | ($13.2m) | |
| Amortization of deferred revenue | — | — | — | ($34k) | ($91k) | ($1.2m) | ($317k) | — | |
| Depreciation and amortization expense | $319k | $622k | $1.8m | $6.4m | $21.6m | $21.3m | $30.2m | $30.2m | |
| Amortization related to unfavorable solar renewable energy agreements | — | — | — | — | — | ($3.1m) | ($3.0m) | — | |
| Amortization of debt discount and deferred financing costs | $1.6m | $4.6m | $72k | $1.5m | $5.9m | $6.0m | $6.5m | — | |
| Depreciation Amortization Depletion | — | — | — | $6.5m | $21.6m | $24.4m | $30.2m | $30.2m | |
| Depreciation And Amortization | — | — | — | $6.5m | $21.6m | $24.4m | $30.2m | $30.2m | |
| Stock-based compensation, net | $208k | $978k | $7.9m | $10.0m | $2.9m | $2.7m | $3.0m | $3.1m | |
| Impairment of goodwill | — | — | — | — | $0 | $28.8m | $0 | — | |
| Asset Impairment Charge | — | — | — | $1.8m | $1.8m | $30.1m | $1.3m | $1.5m | |
| Change In Working Capital | — | — | — | $1.4m | $9.9m | ($14.3m) | ($8.4m) | ($8.4m) | |
| Accounts receivable, net | $2.6m | ($9.4m) | $7.6m | $553k | $85k | ($3.5m) | ($2.0m) | ($247k) | |
| Change In Receivables | — | — | — | $553k | $85k | ($3.5m) | ($2.0m) | ($247k) | |
| Changes In Account Receivables | — | — | — | $553k | $85k | ($3.5m) | ($2.0m) | ($247k) | |
| Accounts payable | ($1.1m) | $3.8m | ($1.7m) | ($1.7m) | ($1.8m) | ($133k) | $929k | $360k | |
| Change In Payables And Accrued Expense | — | — | — | $3.6m | $11.8m | ($15.7m) | ($9.4m) | $360k | |
| Accrued expenses and other current liabilities | ($450k) | $2.7m | $4.6m | $5.3m | $13.6m | ($15.6m) | ($10.4m) | — | |
| Deferred revenue | $113k | $172k | $103k | $495k | $1.1m | $2.5m | $1.4m | — | |
| Change In Accrued Expense | — | — | — | $5.3m | $13.6m | ($15.6m) | ($10.4m) | ($10.4m) | |
| Prepaid expenses and other current assets | $260k | ($1.2m) | $456k | ($1.6m) | ($2.4m) | $3.7m | $2.8m | — | |
| Other assets | $283k | ($2k) | ($31k) | $0 | $126k | $2k | ($13k) | — | |
| Change In Other Current Assets | — | — | — | $0 | $126k | $2k | ($13k) | ($18k) | |
| Change In Other Current Liabilities | — | — | — | $0 | $5k | ($9k) | $0 | ($5k) | |
| Net cash used in continuing operating activities | ($11.6m) |
($19.9m)
-72.11%
|
($28.2m)
-41.77%
|
($47.7m)
-69.30%
|
($31.7m)
+33.54%
|
($41.7m)
-31.44%
|
($3.4m)
+91.83%
|
$3.0m
+188.75%
|
|
| Net cash used in discontinued operating activities | ($11.6m) |
($19.9m)
-72.11%
|
($20.3m)
-2.15%
|
($15.8m)
+22.34%
|
($1.9m)
+87.66%
|
($125k)
+93.58%
|
($125k)
0.00%
|
$3.0m
+2517.60%
|
|
| Net cash used in operating activities | ($11.6m) |
($19.9m)
-72.11%
|
($48.5m)
-143.92%
|
($63.5m)
-30.92%
|
($33.7m)
+46.98%
|
($41.8m)
-24.21%
|
($3.5m)
+91.56%
|
$3.0m
+185.61%
|
|
| Purchases of other property and equipment | ($28k) | ($145k) | ($3.6m) | $0 | ($499k) | ($354k) | ($221k) | — | |
| Cash paid for acquisitions | — | — | ($8.2m) | ($32.6m) | ($43.1m) | ($132.8m) | ($5.3m) | — | |
| Net Other Investing Changes | — | — | ($3.0m) | $2.3m | $6.3m | — | — | $5.9m | |
| Net cash provided by (used in) continuing investing activities | ($28k) | ($145k) | ($14.8m) | ($29.0m) | ($16.7m) | ($101.4m) | $24.8m | — | |
| Bad debt expense | $22k | — | $70k | $1.8m | $1.8m | $1.4m | $1.3m | — | |
| Proceeds from issuance of non-recourse debt | — | — | — | $0 | $21.4m | $239.8m | $0 | — | |
| Repayments of non-recourse debt | ($496k) | ($3.2m) | ($109k) | ($9.3m) | ($32.8m) | ($155.9m) | ($35.1m) | — | |
| Issuance Of Debt | — | — | — | $0 | $21.4m | $239.8m | $0 | $0 | |
| Long Term Debt Issuance | — | — | — | $0 | $21.4m | $239.8m | $0 | $0 | |
| Long Term Debt Payments | — | — | — | ($9.5m) | ($33.0m) | ($155.9m) | ($35.1m) | ($36.4m) | |
| Net Issuance Payments Of Debt | — | — | — | ($9.5m) | ($11.6m) | $83.9m | ($35.1m) | ($36.4m) | |
| Net Long Term Debt Issuance | — | — | — | ($9.5m) | ($11.6m) | $83.9m | ($35.1m) | ($36.4m) | |
| Repayment Of Debt | — | — | — | ($9.5m) | ($33.0m) | ($155.9m) | ($35.1m) | ($36.4m) | |
| Common Stock Issuance | — | — | $0 | $0 | $150k | $0 | — | $0 | |
| Common Stock Payments | — | — | — | $0 | ($5.4m) | ($853k) | ($1.8m) | ($1.0m) | |
| Issuance Of Capital Stock | — | — | $0 | $0 | $150k | $0 | — | $0 | |
| Net Common Stock Issuance | — | — | — | $0 | ($5.3m) | ($853k) | ($1.8m) | ($1.0m) | |
| Repurchase Of Capital Stock | — | — | — | $0 | ($5.4m) | ($853k) | ($1.8m) | ($1.0m) | |
| Net Other Financing Charges | — | — | — | ($10.2m) | ($925k) | ($3.7m) | ($336k) | ($2.2m) | |
| Net cash provided by (used in) continuing financing activities | — | — | $85.9m |
($19.1m)
-122.23%
|
($16.8m)
+11.95%
|
$79.3m
+572.12%
|
($37.3m)
-146.95%
|
— | |
| Net cash provided by discontinued financing activities | — | — | ($502k) |
($99k)
+80.28%
|
$0
+100.00%
|
$81k |
$0
-100.00%
|
— | |
| Net cash provided by (used in) financing activities | $9.2m |
$346.3m
+3660.65%
|
$85.4m
-75.35%
|
($19.2m)
-122.48%
|
($16.8m)
+12.40%
|
$79.4m
+572.60%
|
($37.3m)
-146.90%
|
($39.7m)
-6.51%
|
|
| Cash and cash equivalents and restricted cash, beginning of period | $3.5m | $329.8m | $351.8m | $240.1m | $172.9m | $109.1m | $93.1m | — | |
| Beginning Cash Position | — | — | — | $351.8m | $240.1m | $172.9m | $109.1m | $96.5m | |
| Net change in cash and cash equivalents and restricted cash: | ($2.4m) | $326.3m | $22.0m | ($111.7m) | ($67.2m) | ($63.8m) | ($16.0m) | — | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Accretion expense | — | — | — | $0 | $300k | $236k | $328k | — | |
| Change in fair value of interest rate swaps | — | — | $0 | ($5.6m) | $4.8m | $2.8m | $12.7m | — | |
| Change in fair value of warrant liabilities | ($819k) | $2.9m | — | ($5.1m) | ($239k) | ($17k) | $0 | — | |
| Interest income related to SEMTH master lease agreement | — | — | — | $0 | ($11.5m) | ($16.8m) | ($18.1m) | — | |
| Gain on disposal of assets | — | — | — | ($580k) | ($4.7m) | ($2.5m) | ($1.9m) | — | |
| Change in operating right-of-use assets and lease liability | — | — | — | $134k | $120k | $26k | ($72k) | — | |
| Deferred rent assets | $215k | ($1.3m) | ($10.4m) | ($1.6m) | ($828k) | ($1.3m) | ($1.2m) | — | |
| Other long-term liabilities | — | — | — | $0 | $5k | ($9k) | $0 | — | |
| Proceeds from sale of solar energy systems | — | — | $0 | $2.3m | $6.3m | $6.1m | $5.6m | — | |
| Proceeds from investment related to SEMTH master lease agreement | — | — | — | $0 | $20.2m | $25.6m | $24.7m | — | |
| Payment of deferred financing costs | — | — | — | $0 | ($391k) | ($3.4m) | $0 | — | |
| Share repurchases | — | — | — | $0 | ($5.4m) | ($853k) | ($1.8m) | — | |
| Capital distributions to noncontrolling interests | ($10k) | — | $0 | ($1.9m) | ($479k) | ($323k) | ($336k) | — | |
| Cash paid for interest | — | $389k | $48k | $12.4m | $37.5m | $35.1m | $43.0m | — | |
| Right-of-use asset obtained in exchange for lease liability | — | — | $0 | $23k | $933k | $0 | $307k | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | ($19.1m) | ($16.8m) | $79.3m | ($37.3m) | ($39.7m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | ($30.3m) | ($17.1m) | ($101.4m) | $24.8m | $25.9m | |
| Cash From Discontinued Financing Activities | — | — | — | ($99k) |
$0
+100.00%
|
$81k |
$0
-100.00%
|
$0 | |
| Cash From Discontinued Investing Activities | — | — | ($11.8m) | $1.3m | $325k | $0 | — | $0 | |
| Change In Account Payable | — | — | — | ($1.7m) | ($1.8m) | ($133k) | $929k | $360k | |
| Change In Cash Supplemental As Reported | — | — | — | ($111.7m) | ($67.2m) | ($63.8m) | ($16.0m) | — | |
| Change In Other Working Capital | — | — | — | ($1.1m) | $236k | $1.2m | $219k | $302k | |
| Change In Payable | — | — | — | ($1.7m) | ($1.8m) | ($133k) | $929k | $360k | |
| Change In Prepaid Assets | — | — | — | ($1.6m) | ($2.4m) | $3.7m | $2.8m | $1.6m | |
| Changes In Cash | — | — | — | ($111.7m) | ($67.2m) | ($63.8m) | ($16.0m) | ($10.8m) | |
| End Cash Position | — | — | — | $240.1m | $172.9m | $109.1m | $93.1m | $85.6m | |
| Financing Cash Flow | — | — | — | ($19.2m) |
($16.8m)
+12.40%
|
$79.4m
+572.60%
|
($37.3m)
-146.90%
|
($39.7m)
-6.51%
|
|
| Free Cash Flow | — | — | — | ($63.5m) | ($34.2m) | ($42.2m) | ($3.8m) | $2.8m | |
| Gain Loss On Investment Securities | — | — | — | ($10.7m) | $4.6m | $2.7m | $12.7m | $5.6m | |
| Investing Cash Flow | — | — | — | ($29.0m) | ($16.7m) | ($101.4m) | $24.8m | $25.9m | |
| Net Business Purchase And Sale | — | — | — | ($32.6m) | ($43.1m) | ($132.8m) | ($5.3m) | ($3.7m) | |
| Net Investment Purchase And Sale | — | — | — | $0 | $20.2m | $25.6m | $24.7m | $24.1m | |
| Net PPE Purchase And Sale | — | — | — | $2.3m | $5.8m | $5.7m | $5.4m | $5.6m | |
| Operating Gains Losses | — | — | — | ($15.8m) | ($147k) | $232k | $10.8m | $3.7m | |
| Other Non Cash Items | — | — | — | $1.0m | ($5.3m) | ($14.8m) | ($14.6m) | — | |
| Proceeds From Stock Option Exercised | — | — | $85.8m | $630k | $1.0m | $0 | — | $0 | |
| Purchase Of Business | — | — | — | ($32.6m) | ($43.1m) | ($132.8m) | ($5.3m) | ($3.7m) | |
| Purchase Of PPE | — | $145k | $3.6m | $0 | ($499k) | ($354k) | ($221k) | ($221k) | |
| Sale Of Investment | — | — | — | $0 | $20.2m | $25.6m | $24.7m | $24.1m | |
| Sale Of PPE | — | — | — | $2.3m | $6.3m | $6.1m | $5.6m | $5.7m | |
| Stock Based Compensation | — | — | — | $10.0m | $2.9m | $2.7m | $3.0m | $3.1m |