← T1 Energy Inc.

Annual Trend FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — ($99.1m) ($73.1m) ($450.6m) ($367.8m)
Net Income (Loss) Attributable to Parent — ($98.8m) ($71.9m) ($450.2m) ($367.8m)
Net Income (Loss) Available to Common Stockholders, Basic — ($98.8m) ($71.9m) ($450.2m) ($367.8m)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — ($99.1m) ($73.1m) ($450.6m) ($367.8m)
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — ($64.6m) ($321.4m)
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — ($385.9m) ($46.5m)
Net Income (Loss) Attributable to Noncontrolling Interest — ($328k) ($1.2m) ($402k) $0
Depreciation, Depletion and Amortization $120k $478k $3.3m $10.5m $93.3m
Depreciation $120k $400k $3.2m $600k $45.1m
Amortization of Debt Issuance Costs and Discounts — — — — $14.6m
Amortization of Intangible Assets — $38k $150k $1.1m $48.2m
Amortization of debt issuance costs, premium and discount — — — $0 $14.6m
Depreciation Amortization Depletion — $478k $3.3m $10.5m $93.3m
Deferred Income Tax Expense (Benefit) — $0 $445k ($15.8m) ($20.0m)
Deferred income taxes — — $0 ($22.2m) ($14.0m)
Deferred Income Tax — — $0 ($22.2m) ($14.0m)
Deferred Tax — — $0 ($22.2m) ($14.0m)
Share-based Payment Arrangement, Noncash Expense — $8.6m $11.6m $7.8m $11.4m
Payment, Tax Withholding, Share-based Payment Arrangement — — — — $101k
Impairment of Intangible Assets, Finite-lived — — — — $54.8m
Share-based compensation expense $14.8m $8.6m $11.6m $7.8m $11.4m
Impairment of intangible assets — — — $1.0m $54.8m
Impairment of assets previously classified as held for sale — — — $0 $16.1m
Asset Impairment Charge — $1.5m $1.4m $3.0m $77.3m
Gain (Loss) on Disposition of Property Plant Equipment — — $0 $22.7m $5.7m
Gain (Loss) on Extinguishment of Debt — — — — ($8.8m)
Income (Loss) from Equity Method Investments — ($1.6m) ($379k) ($596k) —
Income Tax Expense (Benefit) — $0 $670k ($15.8m) ($19.4m)
Other Nonoperating Income (Expense) — $5.2m $6.9m $6.1m $1.4m
Loss on debt extinguishment — — — $0 $8.8m
Purchase of equity investment — — — $0 ($5.0m)
Earnings (Loss)es From Equity Investments $62k $3.2m $379k $596k —
Changes in operating assets and liabilities:
Non-cash transactions:
Additional Financial Items
Increase (Decrease) in Accounts Receivable — — — — $77.2m
Increase (Decrease) in Inventories — — — — ($158.5m)
Foreign Currency Transaction Gain (Loss), before Tax — $2.5m $20.9m $563k ($200k)
Foreign Currency Transaction Gain (Loss), Unrealized — — — — $303k
Gain (Loss) on Sale of Derivatives — — — — ($5.8m)
General and Administrative Expense — $107.4m $108.1m $75.5m —
Goodwill — — — $74.5m $57.4m
Nonoperating Income (Expense) — $23.4m $70.6m ($6.1m) ($106.2m)
Operating Expenses — $122.5m $143.0m — $290.1m
Proceeds from Issuance of Redeemable Preferred Stock — $0 $0 $50.0m $49.8m
Revenue from Contract with Customer, Including Assessed Tax — — — $2.9m —
Unrealized Gain (Loss) on Derivatives — — — — ($100k)
Net loss ($93.4m) ($99.1m) ($73.1m) ($450.6m) ($367.8m)
Change in valuation allowance — — — $311.9m $8.2m
Reduction in the carrying amount of long-term investments due to license termination — — $0 $21.0m $0
Change in fair value of derivative liabilities — — $0 $14.9m $31.2m
Loss on settlement of derivative liability — — — $0 $5.8m
Reduction in the carrying amount of right-of-use assets $0 $1.5m $1.4m $2.0m $6.4m
Warrant liability fair value adjustment $21.9m ($14.2m) ($31.8m) $1.3m $8.4m
Foreign currency transaction net unrealized loss (gain) — — — ($1.5m) ($303k)
Other ($131k) $2k $469k $838k $4.3m
Accounts receivable trade, net - related parties — — — $0 ($77.2m)
Government grants receivable, net — — — $0 ($35.7m)
Inventory — — — $0 $158.5m
Other assets — — — $0 ($5.1m)
Advances to suppliers and other current assets — — — ($7.9m) $19.5m
Accounts payable, accrued liabilities and other $10.2m $17.4m $20.0m $10.0m $135.1m
Deferred revenue — — — $0 $24.8m
Proceeds from issuance of redeemable preferred shares, net of issuance costs $7.5m $0 $0 $50.0m $49.8m
Repayment of Senior Secured Credit Facility — — — $0 ($42.9m)
Extinguishment of long-term debt - related party — — — $0 ($240.9m)
Proceeds from issuance of Convertible Notes, net of underwriting fees — — — $0 $154.2m
Payment for non-controlling interest — — $0 ($4.1m) $0
Equity-based compensation tax withholding — — — $0 ($101k)
Payment of costs related to equity offerings — — — $0 ($1.9m)
Beginning Cash Position — $565.6m $563.0m $275.7m $76.6m
Cash Flow From Continuing Financing Activities — $250.1m $0 $45.9m $129.9m
Cash Flow From Continuing Investing Activities — ($175.0m) ($187.0m) ($137.7m) ($32.6m)
Change In Account Payable — — $20.0m $7.6m $135.1m
Change In Inventory — — $4.5m $0 $158.5m
Change In Other Current Assets — $0 $0 ($7.9m) $14.4m
Change In Other Current Liabilities $0 ($1.6m) ($4.0m) ($2.4m) —
Change In Other Working Capital $1.4m — — — $24.8m
Change In Payable — — $20.0m $7.6m $135.1m
Change In Payables And Accrued Expense — $17.4m $20.0m $7.6m $135.1m
Change In Prepaid Assets ($16.4m) ($3.7m) $4.5m — —
Change In Receivables — — — $0 ($112.9m)
Change In Working Capital — $12.1m $20.5m ($314k) $219.9m
Changes In Account Receivables — — — $0 ($77.2m)
Changes In Cash — ($15.0m) ($274.9m) ($194.7m) $192.8m
End Cash Position — $563.0m $275.7m $76.6m $270.8m
Financing Cash Flow — $250.1m $0 $45.9m $129.9m
Free Cash Flow — ($270.8m) ($275.8m) ($153.6m) $16.7m
Gain Loss On Investment Securities — ($14.2m) ($31.8m) $16.2m $45.4m
Gain Loss On Sale Of PPE — — — $0 ($5.7m)
Investing Cash Flow — ($175.0m) ($187.0m) ($137.7m) ($32.6m)
Issuance Of Capital Stock — $251.1m $0 $50.0m $269.6m
Net Business Purchase And Sale — ($3.0m) ($1.7m) ($109.6m) $0
Net Foreign Currency Exchange Gain Loss — ($2.9m) ($19.6m) ($1.5m) ($303k)
Net PPE Purchase And Sale — ($180.8m) ($187.8m) ($28.1m) ($27.6m)
Net Preferred Stock Issuance — $0 $0 $50.0m $49.8m
Operating Gains Losses — ($13.9m) ($51.0m) $14.7m $48.2m
Other Non Cash Items — $2k $469k $22.5m $19.0m
Preferred Stock Issuance — $0 $0 $50.0m $49.8m
Provisionand Write Offof Assets — — — $311.9m $8.2m
Purchase Of Business — ($3.0m) ($1.7m) ($109.6m) $0
Purchase Of PPE — ($180.8m) ($187.8m) ($50.8m) ($78.8m)
Repurchase Of Capital Stock $0 ($1.1m) $0 — —
Sale Of PPE — — $0 $22.7m $51.2m
Stock Based Compensation — $8.6m $11.6m $7.8m $11.4m
Unrealized Gain Loss On Investment Securities $0 $277k ($1.1m) $0 —
Gain (Loss) on Derivative Instruments, Net, Pretax — — — ($14.9m) ($31.2m)
Net Cash Provided by (Used in) Operating Activities ($63.1m) ($90.0m) ($87.9m) ($102.8m) $95.5m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment ($13.8m) $180.8m $187.8m $50.8m $78.8m
Property, plant and equipment acquisitions funded by liabilities — $180.8m $187.8m $50.8m $78.8m
Payments to Acquire Businesses, Net of Cash Acquired — — — $109.6m $0
Business acquisition, net of cash acquired — — $0 ($109.6m) $0
Net Investment Purchase And Sale — — — $0 ($5.0m)
Purchase Of Investment — — — $0 ($5.0m)
Net Other Investing Changes ($20.0m) $8.8m $2.5m — —
Net Cash Provided by (Used in) Investing Activities ($33.8m) ($175.0m) ($187.0m) ($137.7m) ($32.6m)
Cash flows from financing activities:
Payment of debt issuance costs — — — $0 ($8.1m)
Issuance Of Debt $0 — — $0 $154.2m
Long Term Debt Issuance $0 — — $0 $154.2m
Net Issuance Payments Of Debt $0 — — $0 ($129.6m)
Net Long Term Debt Issuance $0 — — $0 ($129.6m)
Long Term Debt Payments $0 — — $0 ($283.8m)
Repayment Of Debt $0 — — $0 ($283.8m)
Proceeds from Issuance of Common Stock — $251.1m $0 — —
Proceeds from Common Stock Offering, net of underwriting fees $0 $251.1m $0 $0 $219.8m
Common Stock Issuance — $251.1m $0 $0 $219.8m
Net Common Stock Issuance — $250.1m $0 $0 $219.8m
Payments for Repurchase of Common Stock — $1.1m — — —
Common Stock Payments $0 ($1.1m) $0 — —
Net Other Financing Charges $641.5m — — ($4.1m) ($10.1m)
Net Cash Provided by (Used in) Financing Activities $649.0m $250.1m $0 $45.9m $129.9m
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — $12.4m ($12.4m) ($4.4m) $1.3m
Effect of changes in foreign exchange rates on cash, cash equivalents, and restricted cash ($1.4m) $12.4m ($12.4m) ($4.4m) $1.3m
Effect Of Exchange Rate Changes — $12.4m ($12.4m) ($4.4m) $1.3m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — ($2.6m) ($287.3m) ($199.1m) $194.1m
Net decrease in cash, cash equivalents, and restricted cash $550.7m ($2.6m) ($287.3m) ($199.1m) $194.1m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — $563.0m $275.7m $76.6m $270.8m
Cash, cash equivalents, and restricted cash at beginning of period $565.6m $563.0m $275.7m $76.6m $270.8m
Cash and cash equivalents $564.0m $443.1m $253.3m $72.6m $182.4m
Restricted cash $1.7m $120.0m $22.4m $4.0m $88.3m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — ($2.6m) ($287.3m) ($199.1m) $194.1m
Interest Paid, Excluding Capitalized Interest, Operating Activities $3k $0 $0 $0 $17.9m
Income Taxes Paid, Net $0 $0 $269k $21k $10k

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.