PLUG Stock Cash Flow Statements

Plug Power Quarterly Cash Flow Statements Chart

Quarterly

Annual

Stock-Based Compensation

Operating Cash Flow

Investing Cash Flow

Financing Cash Flow

Free Cash Flow

Capital Expenditure

Plug Power Quarterly Cash Flow Statements Table

Quarterly

Annual

Unit: USD	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-09-30	2015-06-30	2015-03-31	2014-09-30	2013-12-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2010-06-30	2010-03-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31

operating activities
net income	-228,727,000	-196,859,000	-1,335,628,000	-211,168,000	-262,333,000	-295,776,000	-642,395,000	-283,479,000	-236,398,000	-206,561,000	-223,465,000	-170,758,000	-173,296,000	-156,489,000																														-8,474,334	-10,325,464	-6,479,554	-6,583,102	-16,892,120	-12,182,585	-10,170,736	-10,249,508	-8,157,449		-20,727,686	-17,484,853	-15,176,246	-16,726,710	-11,183,007	-13,281,870	-11,876,795	-13,025,003	-12,125,919	-16,453,035	-11,867,837	-10,887,437	-12,535,153	-11,804,431	-11,683,319	-11,298,989	-11,952,088	-14,039,505	-12,405,511	-12,826,891	-13,766,895	-12,719,075
adjustments to reconcile net income to net cash from operating activities:
depreciation of long-lived assets	12,776,000	12,134,000	9,476,000	17,036,000	17,997,000	16,606,000	14,176,000	16,544,000	11,477,000	9,789,000	10,201,000	8,997,000	8,362,000	2,842,000	4,997,000	6,178,000	4,211,000	5,514,000
amortization of intangible assets	2,001,000	2,007,000	9,247,000	4,760,000	4,709,000	4,725,000	4,939,000	4,403,000	4,796,000	4,959,000	5,957,000	4,864,000	5,184,000	5,190,000	1,374,000	365,000	366,000	364,000	300,000	437,000	223,000	175,000	180,000	180,000	163,000	175,000	182,000	176,000	177,000	158,000	150,000	153,000	147,000	143,000	147,000	148,000	150,000	145,000	113,000	113,556	608,444	608,444						566,880	562,175					575,002	585,939	571,914
lower of cost or net realizable value inventory adjustments and benefit from excess and obsolete inventory	12,904,000	8,262,000
stock-based compensation	13,080,000	11,087,000	18,083,000	24,107,000	26,309,000	13,704,000	33,834,000	45,854,000	39,918,000	43,302,000	44,643,000	46,739,000	44,859,000	43,386,000	41,657,000	13,998,000	11,120,000	9,695,000	7,877,000	3,070,000	3,143,000	3,045,000	2,963,000	2,804,000	2,626,000	2,497,000	2,382,000	2,064,000	2,320,000	2,005,000	1,921,000	2,496,000	2,330,000	2,462,000	2,545,000	2,368,000	2,160,000	2,217,000	2,400,000	1,737,870	1,697,130	1,148,267						386,799	505,611	619,897	691,696	469,122	-41,471,535,494,720	1,219,825		1,412,440	1,283,923	1,388,930	427,194	1,032,446
loss on extinguishment of convertible debt instruments and debt	5,475,000	3,652,000
provision/(recoveries) for losses on accounts receivable	4,632,000	40,000
amortization of premium of debt issuance costs on convertible debt instruments and long-term debt
benefit from common stock warrants	9,475,000	9,124,000	22,690,000	5,967,000	5,832,000	4,495,000	-1,528,000	-1,565,000	127,000	14,175,000		8,571,000	2,090,000	1,852,000	1,820,000	1,294,000	1,747,000	1,705,000	399,849,000	17,215,000	5,417,000	2,566,000	-3,731,000	4,582,000	1,483,000	4,179,000	2,258,000	2,126,000	3,921,000	1,885,000	1,790,000	26,057,000
deferred income tax benefit										-947,000
impairment	20,599,000	1,064,000	940,909,000	4,185,000	3,937,000	284,000	8,280,000	665,000
(recovery)/loss on service contracts	-22,869,000	-2,937,000	-2,481,000
change in fair value of contingent consideration	-168,000	-11,819,000
lease origination costs			0	-1,041,000	-1,136,000	-1,331,000	-1,935,000	-2,098,000	-2,907,000	-2,660,000	-2,824,000	-2,841,000	-1,537,000	-1,613,000	-2,521,000	-3,336,000
change in fair value of convertible debenture	-9,240,000	7,338,000
change in fair value of debt
loss on equity method investments	45,850,000	2,370,000	3,134,000	8,690,000	7,240,000	13,113,000	21,816,000	7,030,000	7,623,000	5,317,000	9,862,000	4,280,000	2,191,000	3,833,000	3,968,000
changes in operating assets and liabilities that provide/(use) cash:
accounts receivable	1,578,000	12,251,000	-20,394,000	22,786,000	-41,175,000	96,436,000	-88,083,000	53,406,000	-89,821,000	1,730,000	-28,940,000	-33,970,000	-4,180,000	36,170,000	61,728,000	-41,011,000	-48,427,000	109,000	70,303,000	-67,611,000	-19,404,000	1,011,000	-1,056,000	1,854,000	4,870,000	4,978,000	-5,008,000	6,788,000	-8,523,000	-7,655,000	37,538,000	-37,601,000	-8,366,000	5,021,000	83,000	671,000	-1,993,000	11,966,000		-4,752,925	8,323,925							-391,103	-684,145	-195,565	379,173	399,822	1,086,600	203,246	-1,073,674	-1,577,206	644,787	-1,310,695	300,274	353,835	-316,389	250,938	181,004	-574,580	801,605	1,064,483	735,953	853,462	-1,893,805	622,536	-210,344	-310,175	953,067	624,495	-758,628
inventory	34,713,000	-18,357,000	98,423,000	42,793,000	26,387,000	-38,312,000	3,106,000	-142,030,000	-140,135,000	-129,572,000	-117,939,000	-86,325,000	-95,743,000	-63,702,000	-8,363,000	-19,840,000	-23,797,000	-46,791,000	-5,671,000	-19,735,000	-17,402,000	-20,581,000	8,210,000	-7,411,000	-7,716,000	-17,564,000	6,487,000	6,066,000	5,060,000	1,428,000	-4,089,000	-1,984,000	-8,977,000	-3,786,000	5,854,000	-866,000	4,222,000	-6,398,000										-3,399,905	-351,707	-172,487	95,273	-578,997		-806,843	1,162,413	-461,539	1,171,698	-1,216,819	-845,388	44,087	471,195	-536,089	-75,669	696,345	-968,347	-817,704	73,730	-14,623	319,781	-1,242,287	135,923	-226,563	-86,599	-99,934	-188,356
contract assets	-5,790,000	580,000	12,356,000	-11,952,000	-4,253,000	1,356,000	-1,218,000	-15,233,000	-9,130,000	-14,677,000	-32,488,000	-6,641,000	-430,000	44,000
prepaid expenses and other assets	1,115,000	40,576,000	11,660,000	-21,971,000	-6,368,000	-14,496,000	38,972,000	-15,601,000	14,700,000	-5,522,000	-9,864,000	-31,003,000	-24,547,000	-27,107,000										887,000				-284,000	180,000	1,376,000	-3,546,000	-656,000	-1,503,000	1,569,000	-284,000	-993,000	-724,000	-1,832,000
accounts payable, accrued expenses, and other liabilities	-51,655,000	47,578,000	-30,281,000	-13,365,000	-41,573,000	25,755,000	501,000	21,941,000	-14,541,000	13,821,000	-24,494,000	74,289,000	63,759,000	-25,096,000	-4,084,000	24,945,000	27,563,000	-23,516,000	16,132,000	31,049,000	7,632,000	-2,933,000	6,586,000	12,061,000	4,013,000	-2,781,000	-2,657,000	-924,000	-4,619,000	-2,066,000	4,906,000	13,270,000	838,000	-7,584,000	3,268,000
payments of contingent consideration	-2,317,000	-6,024,000	-708,000	-52,000	0	-9,164,000	0	0	-895,000	-2,000,000	0	0	0	-2,667,000
payments of operating lease liability	-5,515,000	-5,618,000
deferred revenue and other contract liabilities	-33,241,000	-21,697,000	10,751,000	-53,972,000	-9,956,000	-32,500,000	34,705,000	1,861,000	31,586,000	-9,748,000	34,560,000	61,660,000	-27,591,000	-28,014,000
net cash from operating activities	-191,810,000	-105,568,000	-131,241,000	-174,936,000	-254,738,000	-167,728,000	-242,651,000	-238,908,000	-348,092,000	-276,919,000	-306,574,000	-116,936,000	-195,194,000	-209,919,000	-9,675,000	-101,866,000	-129,536,000	-117,099,000	1,434,000	-45,663,000	-51,232,000	-60,015,000	279,000	-3,313,000	-12,225,000	-36,263,000	-15,975,000	3,537,000	-21,151,000	-24,028,000	21,112,000	-22,959,000	-34,476,000	-23,859,000	33,000	-13,908,000	-8,845,000	-6,916,000										-13,500,232	-11,003,515	-8,485,575	-8,488,590	-12,807,283		-15,492,715	-13,382,416	-10,538,090	-14,622,886	-10,767,370	-13,320,089	-11,238,652	-10,480,739	-11,067,632	-9,782,714	-10,708,695	-9,209,444	-10,168,219	-8,064,173	-7,282,538	-9,904,068	-8,645,476	-10,384,861	-8,314,116	-10,834,318	-8,483,485	-10,826,448
capex	-40,419,000	-46,059,000	-39,587,000	-89,716,000	-106,252,000	-98,693,000	-186,002,000	-171,493,000	-158,677,000	-179,954,000	-123,535,000	-167,232,000	-87,916,000	-85,190,000	-83,054,000	-68,624,000	-27,449,000	-13,211,000	-11,261,000	-6,256,000	-2,502,000	-2,507,000	-1,048,000	-1,791,000	-1,376,000	-1,468,000	-1,874,000	-925,000	-1,317,000	-1,026,000	-2,270,000	-763,000	-754,000	-303,000	-279,000	61,000	-636,000	-1,889,000										-828,996	-385,996	-22,002	-9,513	-14,809		-570,153	-827,135	-939,022	-635,831	-542,417	-160,000	-594,066	-188,267	-332,461	630,577	-689,268	-364,606	-576,285	-445,030	-463,664	-308,992	-398,839	-337,794	-152,190	-88,229	-49,135	238,374
free cash flows	-232,229,000	-151,627,000	-170,828,000	-264,652,000	-360,990,000	-266,421,000	-428,653,000	-410,401,000	-506,769,000	-456,873,000	-430,109,000	-284,168,000	-283,110,000	-295,109,000	-92,729,000	-170,490,000	-156,985,000	-130,310,000	-9,827,000	-51,919,000	-53,734,000	-62,522,000	-769,000	-5,104,000	-13,601,000	-37,731,000	-17,849,000	2,612,000	-22,468,000	-25,054,000	18,842,000	-23,722,000	-35,230,000	-24,162,000	-246,000	-13,847,000	-9,481,000	-8,805,000										-14,329,228	-11,389,511	-8,507,577	-8,498,103	-12,822,092		-16,062,868	-14,209,551	-11,477,112	-15,258,717	-11,309,787	-13,480,089	-11,832,718	-10,669,006	-11,400,093	-9,152,137	-11,397,963	-9,574,050	-10,744,504	-8,509,203	-7,746,202	-10,213,060	-9,044,315	-10,722,655	-8,466,306	-10,922,547	-8,532,620	-10,588,074

investing activities
purchases of property, plant and equipment	-38,618,000	-40,451,000	-33,950,000	-59,225,000	-101,302,000	-92,621,000	-181,178,000	-164,708,000	-150,757,000	-168,565,000	-119,057,000	-159,715,000	-79,444,000	-78,394,000	-80,782,000	-58,322,000	-23,183,000	-9,879,000	-11,261,000	-6,256,000	-2,502,000	-2,507,000	-1,048,000	-1,791,000	-1,376,000	-1,468,000	-1,874,000	-925,000	-1,317,000	-1,026,000	-2,270,000	-763,000	-754,000	-303,000	-279,000	61,000	-636,000	-1,889,000
purchases of equipment related to power purchase agreements and equipment related to fuel delivered to customers	-1,801,000	-5,608,000	-5,637,000	-30,491,000	-4,950,000	-6,072,000	-4,824,000	-6,785,000	-7,920,000	-11,389,000	-4,478,000	-7,517,000	-8,472,000	-6,796,000	-2,272,000	-10,302,000	-4,266,000	-3,332,000
cash paid for non-consolidated entities and non-marketable equity securities	-324,000	-514,000	-4,248,000	-655,000	-41,822,000	-21,891,000	-5,790,000	-25,917,000	-817,000	-40,077,000	50,000	-8,435,000	2,114,000	-32,253,000
net cash from investing activities	-40,743,000	-46,573,000							509,691,000	95,796,000	-658,721,000	-286,016,000	-8,547,000	273,914,000	-726,597,000	390,923,000	-986,838,000	-418,379,000	-23,619,000	-15,164,000	-50,196,000	-6,355,000	-5,273,000	-2,655,000	-4,042,000	-2,274,000	-2,044,000	-1,168,000	-12,057,000	-4,303,000	-16,072,000	-7,746,000	-10,906,000	-9,639,000	-12,937,000	-16,296,000	-15,206,000	-13,636,000										34,854,772	13,499,272	10,598,071	17,844,829	-53,190,885	-5,047,064,560,284,542	55,166,647	7,137,225	-223,247	-30,657,749	56,821,892	-3,141,304	-80,678,566	-87,646,490	7,840,637	-20,191,211	-25,708,548	288,709	17,028,767	-10,480,057	3,999,921	-9,507,423	-20,665,169	-950,780
financing activities
proceeds from public and private offerings, net of transaction costs	139,000	276,053,000	64,623,000	221,129,000	266,774,000	305,346,000									3,000	5,000	0	3,587,825,000
payments of tax withholding on behalf of employees for net stock settlement of stock-based compensation	-158,000	-49,000	-850,000	-1,075,000	-324,000	-278,000	-2,085,000	-4,968,000	-364,000	-2,590,000	-924,000	-20,151,000	-1,195,000	-1,465,000	-1,358,000
contributions by non-controlling interest
proceeds from exercise of stock options			58,000	29,000	26,000	41,000	300,000	581,000	58,000	674,000	166,000	1,315,000	529,000	291,000	2,204,000	611,000	-4,000	4,709,000	8,688,000	7,537,000	9,694,000	6,104,000	1,333,000	-321,000	124,000	81,000	46,000	25,000	17,000	50,000	57,000	3,000			83,000	0			35,000	-2,167	133,167
principal payments on convertible debentures
proceeds from debt issuance
premium on principal of convertible debenture settled in cash	-2,594,000	-1,238,000
principal payments on long-term debt	-344,000	-344,000	-2,800,000	-41,000	-385,000	-300,000	-300,000	-303,000	-5,077,000	-330,000	-58,595,000	-26,705,000	-16,843,000	-19,246,000	-19,552,000	-13,565,000	-1,103,000	-14,461,000	-20,175,000	-6,219,000	-16,311,000	-5,315,000	-3,641,000	-3,665,000	-368,000	-17,153,000	-4,246,000	-6,223,000	-1,072,000	-4,649,000	-8,031,000	-2,983,000	-1,228,000	-50,000														-104,540	-103,211
cash paid for closing fees related to doe loan guarantee
principal repayments of finance obligations and finance leases	-22,902,000	-23,373,000	-23,122,000	-22,029,000	-21,405,000	-20,908,000	-20,231,000	-19,183,000	-17,711,000	-16,500,000	-15,697,000	-13,988,000	-12,741,000	-12,427,000
net cash from financing activities	32,832,000	193,232,000		252,424,000	243,686,000	283,065,000			18,463,000	7,181,000	-36,144,000	-10,597,000	-12,475,000	-18,241,000	16,017,000	-25,532,000	12,921,000	3,594,373,000	924,942,000	409,022,000	177,482,000	4,083,000	176,005,000	69,029,000	42,376,000	37,650,000	66,128,000	4,274,000	-257,000	49,199,000	11,769,000	36,444,000	35,584,000	-786,000	16,525,000	6,746,000	23,218,000	23,396,000				-382,639						-25,782,593	-8,791,664	-3,245,506	-187,833	1,188,108		82,324	24,384	280,320			317,515	-160,221	214,641,358	-43,677	98,270	70,731,290	340,542	182,212	196,299	-16,059	239,070	421,185	55,166,123	-39,230	194,860	12,720	152,261
effect of exchange rate changes on cash	-89,000	-5,189,000	11,595,000	-6,328,000	9,948,000	4,187,000	-9,929,000	4,269,000	-43,000	-2,096,000	-4,307,000	6,962,000	-689,000	634,000	-743,000	104,000	-112,000	-51,000	155,000	-76,000	-15,000	1,000	172,000	-71,000	-13,000	-35,000	-8,000	-13,000	-82,000	46,000	62,000	128,000	123,000	35,000	-93,000	-96,000	-9,000	77,000										-51,817	-15,892	278,075	-174,746	-36,769	-156,921,718,991	-77,877	126,381	444,994
decrease in cash and cash equivalents				31,581,000				-468,609,000																							16,871,000				3,528,000
decrease in restricted cash	-44,702,000	-54,249,000
cash, cash equivalents, and restricted cash beginning of period	0	1,040,709,000	0	0	0	1,169,144,000	0	0	0	1,549,344,000	0	0	0	3,132,194,000	0	0	0	1,634,284,000	0	0	0	369,500,000	0	0	0	110,153,000	0	0
cash, cash equivalents, and restricted cash end of period	-199,810,000	1,076,611,000	40,514,000	-18,711,000	-149,178,000	1,168,084,000	6,654,000	-390,835,000	180,019,000	1,373,306,000	-1,005,746,000	-406,587,000	-216,905,000	3,178,582,000	-720,998,000	263,629,000	-1,103,565,000	4,693,128,000	902,912,000	348,119,000	76,039,000	307,214,000	171,183,000	62,990,000	26,096,000	109,231,000	48,101,000	6,630,000
supplemental disclosure of cash flow information
cash paid for interest, net of capitalized interest of 8.9 million as of june 30, 2025 and 5.2 million as of june 30, 2024, respectively
summary of non-cash activity
recognition of right of use asset - finance leases			0	0			3,570,000	520,000	800,000	4,018,000	4,843,000	8,163,000	4,574,000	8,070,000	11,219,000	5,675,000	5,994,000	5,292,000
recognition of right of use asset - operating leases	12,168,000	9,428,000	14,432,000	1,431,000	2,491,000	2,913,000	13,295,000	21,172,000	33,858,000	22,470,000	59,210,000	78,660,000	20,282,000	20,070,000	45,254,000	25,812,000	26,551,000	12,720,000
principal payment on convertible debenture paid in common stock	20,000,000	30,000,000
net transfers between inventory and long-lived assets	4,318,000	476,000	-250,000	3,062,000	3,341,000	16,008,000	3,000	20,000	264,000	441,000	297,000	406,000	427,000	489,000
contributions of property, plant, and equipment from non-controlling interest
earnouts from acquisitions paid in common stock and warrants			0	0
purchases of long lived asset from financing agreement
accrued purchase of fixed assets, cash to be paid in subsequent period	-6,633,000	47,447,000	3,915,000	-33,306,000	-29,110,000	113,449,000	28,804,000	22,284,000	43,789,000	65,701,000	506,000	22,133,000	32,974,000	6,707,000
amortization of (premium)/discount of debt issuance costs on convertible debt instruments and long-term debt		-320,000
deferred income tax expense											-529,000			-414,000
principal payment on convertible debenture		-45,000,000
cash paid for closing fees related to loan guarantee		-12,817,000
increase in cash and cash equivalents		90,151,000												14,345,000																			-9,675,000	-34,249,000			-842,000	2,921,000				-12,147,120							-6,311,799	-854,935	8,993,660	-64,846,829	61,276,522	39,678,379	-6,094,426	-10,036,023	-44,747,001	46,054,522	-16,143,878	-92,077,439	116,514,129	-3,270,672	-29,875,655	34,314,047	-8,580,193	7,042,760	-18,347,931	-3,298,676	-19,172,421	-28,889,460	43,830,482	-4,444,656	-4,704,890	26,746,678	-12,984,056
cash paid for interest, net of capitalized interest of 5.0 million and 2.1 million, respectively		6,692,000
accrued debt extinguishment costs, cash to be paid in subsequent period						1,245,000
loss on extinguishment of convertible senior notes and debt
benefit from losses on accounts receivable							7,459,000	52,000
amortization of (premium)/discount of debt issuance costs on convertible senior notes and long-term debt			-1,095,000	-1,013,000
deferred income tax (benefit)/expense							-7,913,000	-2,133,000
loss on sale of long-lived assets			366,000
fair value adjustment to contingent consideration			-10,561,000	146,000	3,768,000	-9,200,000	3,708,000	2,239,000	15,308,000	8,769,000	19,073,000	0	-144,000	-2,461,000	19,936,000	-8,530,000	560,000	-790,000	-2,290,000
net realized loss on investments									-264,000	1,000	80,000	0	468,000	847,000	-155,000
(accretion)/amortization of premium on available-for-sale securities							-1,466,000	805,000	-4,000	-5,945,000
change in fair value for equity securities							-2,434,000	-70,000	-3,842,000	-5,075,000	-4,705,000	4,221,000	13,484,000	5,159,000	-7,022,000	607,000
change in fair value of convertible senior note
change in fair value of derivative financial instruments			1,565,000
proceeds from sales of long-lived assets
purchases of available-for-sale securities																																																-10,002,573	-20,009,065	-40,960,321	-4,998,396	-71,880,092		-67,261,648	-36,716,088	-119,536,310	-183,324,987	-133,321,754
proceeds from sales of available-for-sale securities											0	0	6,113,000	469,563,000
proceeds from maturities of available-for-sale securities							45,001,000	52,411,000	592,922,000	315,827,000	38,500,000	41,750,000	100,199,000	67,430,000
purchases of equity securities
proceeds from sales of equity securities							67,987,000	0
net cash paid for acquisitions											-30,433,000	0	0	-26,473,000					0	173,000
net cash (used in)/provided by investing activities			-43,835,000	-89,871,000	-148,074,000	-120,584,000
proceeds from non-controlling interest
proceeds from convertible debentures
cash penalty from early settlement of convertible senior notes
principal payment on convertible debentures
proceeds from finance obligations			5,871,000				13,986,000	12,676,000	49,662,000	27,927,000	38,906,000	48,932,000	17,775,000	17,273,000	55,478,000	21,288,000	21,498,000	10,661,000	17,691,000	19,890,000
net cash provided by/(used in) financing activities							-8,330,000
increase/(decrease) in cash and cash equivalents						37,840,000
(decrease)/increase in restricted cash			-71,239,000	-50,292,000	-38,664,000	-38,900,000
cash paid for interest, net of capitalized interest of 8.3 million, 8.1 million and 13.1 million, respectively
net tangible assets (liabilities) acquired (assumed) in a business combination														56,929,000
common stock issued for acquisitions
contributions of property, plant, and equipment from consolidated vie
intangible assets acquired in a business combination											13,430,000	0	0	60,522,000
purchases of long-lived asset from financing agreement			0
lower of cost or net realizable value inventory adjustment and benefit from excess and obsolete inventory				14,409,000	13,684,000	39,675,000	59,853,000	22,129,000
loss on extinguishment of convertible senior notes				0	0	14,047,000
(recoveries)/benefit from losses on accounts receivable				-145,000	134,000	-1,447,000
net realized gain on investments
other-than-temporary impairment of available-for-sale securities
accretion of premium on available-for-sale securities
proceeds from sale of long-lived assets
cash paid for interest, net of capitalized interest of 8.3 million as of september 30, 2024 and 6.0 million as of september 30, 2023
loss on service contracts					3,483,000	3,809,000										5,187,000
cash paid for interest, net of capitalized interest of 5.2 million at june 30, 2024 and 4.0 million at june 30, 2023
amortization of debt issuance costs and discount on convertible senior notes						330,000	514,000	504,000	574,000	621,000	741,000	633,000	675,000	661,000	647,000	645,000	634,000	1,092,000	4,878,000	5,655,000	3,812,000	2,716,000	2,564,000	1,917,000	1,871,000	2,469,000	1,911,000	1,998,000
deferred income tax expense/						163,000
changes in operating assets and liabilities that provide (use) cash:
cash paid for interest, net of capitalized interest of 2.1 million and 2.0 million						9,111,000
loss on extinguishment of debt
impairment of goodwill
loss/(benefit) on service contracts							20,740,000	35,037,000	635,000	221,000
loss on disposal of assets											0	0
purchase of intangible assets																			-319,000
purchase of available-for-sale securities											-543,293,000	-152,099,000	-29,057,000	-114,173,000	-1,296,421,000	-358,060,000	-1,099,723,000	-405,168,000
purchase of equity securities											-10,000	0	0	-4,990,000	-80,000	-49,734,000
net cash provided by/(used in) investing activities							267,564,000
proceeds from exercise of warrants, net of transaction costs															0	-5,000	5,000	15,445,000													0	-66,000
(decrease)/increase in cash and cash equivalents										-215,769,000	-1,057,123,000	-508,198,000
increase in restricted cash							-17,570,000	77,774,000	75,462,000	39,731,000	51,377,000	101,611,000	22,758,000	32,043,000
cash paid for interest, net of capitalized interest of 8.1 million, 13.1 million and 4.8 million
conversion of convertible senior notes to common stock																0	0	15,345,000
earnouts from acquisitions paid in stock							0	0
settlement of liability from acquisitions
net realized (gain)/loss on investments
cash paid for interest, net of capitalized interest of 6.0 million at september 30, 2023 and 9.8 million at september 30, 2022
net tangible liabilities assumed in a business combination												0
cash paid for interest, net of capitalized interest of 4.0 million
impairment of long-lived assets										1,083,000	4,455,000				8,895,000
cash paid for interest, net of capitalized interest of 2.0 million										7,869,000
net tangible assets acquired in a business combination
(gain)/loss on extinguishment of debt
benefit from common stock warrants recorded as a reduction to revenue
(benefit)/loss on service contracts											13,339,000	-3,853,000
amortization of premium on available-for-sale securities											-5,393,000	1,823,000	2,270,000	2,290,000
benefit from bad debts and other assets																										307,000	880,000
proceeds from issuance of convertible senior notes																			0	-2,000			0				0	0	-201,000	96,057,000
repurchase of convertible senior notes																			0	0
purchase of capped calls and common stock forward
proceeds from long-term debt																			0	50,000,000				-50,000	14,785,000	84,761,000
proceeds from the termination of capped calls
cash paid for interest, net of capitalized interest of 13.1 million, 4.8 million and 0
net tangible assets (liablities) acquired (assumed) in a business combination
conversion of preferred stock to common stock																					0	441,000	26,509,000
cash paid for interest, net of capitalized interest of 9.8 million
cash paid for interest, net capitalized interest of 5.8 million
benefit on service contracts														-7,297,000				-361,000
cash paid for interest, net capitalized interest of 4.3 million														5,731,000
net income attributable to the company															-192,914,000	-106,671,000	-99,634,000	-60,746,000	-510,641,000	-39,379,000	-8,656,000	-37,479,000	-11,737,000	-21,229,000	-18,561,000	-33,938,000	-16,847,000	-15,565,000	-25,868,000	-19,835,000	-19,439,000	-40,983,000	-42,619,000	-24,039,000	-19,211,000	-13,394,000	-13,128,000	-11,754,000	-10,213,000	-9,225,179	-11,051,821	-9,351,034	-28,877,167
(gain) loss on extinguishment of debt
loss (benefit) on service contracts
loss on disposal of leased assets																							0	0
change in fair value of common stock warrant liability																									-1,706,000	2,126,000	-978,000	-1,716,000	-334,000	-1,258,000	-1,266,000	1,878,000	12,296,000	2,280,000	365,000	-1,975,000	-1,456,000	-1,278,000				-485,471
deferred revenue															28,324,000	26,482,000	14,581,000	1,267,000	4,267,000	14,264,000	2,974,000	-591,000	1,136,000	-2,325,000	-1,322,000	-2,505,000	555,000	981,000	4,373,000	-272,000	279,000	11,798,000	535,000	-1,322,000	6,719,000	-121,000	-670,000	-1,244,000				-2,070,538						-952,651	790,305	-622,479	-713,165	-877,475	-7,823,029,383,388	377,203	-823,540	534,199	-227,942	1,164,501	-468,800	-774,276	685,317	102,031	-260,025	-1,316,647	-484,652	-465,855	-733,067	-23,099	1,888,811	-442,350	634,104	242,625	-257,282	-1,313,299	508,420
proceeds from sales of equities
cash paid for non-consolidated entities and non marketable equity securities
proceeds from sale of leased assets																							0	0
payments for redemption of preferred stock																							0								0	0	0	-3,700,000
proceeds from termination of capped calls																			0	0
repayments of finance obligations and finance leases															-19,217,000	-3,132,000
increase in cash, cash equivalents and restricted cash															-720,998,000	263,629,000			902,912,000				171,183,000	62,990,000	26,096,000	-922,000				20,914,000
cash paid for interest, net capitalized interest of 4.8 million, 0 and 0
common stock issued for acqusitions
gain on extinguishment of debt																				0
income tax benefit																				-6,523,000							-1,636,000	-1,716,000	-2,912,000	-2,953,000
prepaid expenses, and other assets																-5,498,000	-18,326,000	-4,641,000		6,861,000	-1,023,000	-10,794,000				1,018,000
proceeds from sales and maturities of available-for-sale securities																845,561,000
net cash paid for acquisition
cash paid for interest, net capitalized interest of 2.6 million
cash paid for interest																	8,653,000	2,608,000	11,967,000	7,509,000	4,311,000	5,155,000	4,139,000	6,368,000	3,815,000	4,858,000	2,719,000	5,423,000	2,361,000	2,554,000	6,434,000	411,000	44,000	1,902,000	6,700,000	252,000	1,079,000	232,000	127,000	85,406	90,594
change in accounts payable related to accrued purchases of property, plant and equipment
proceeds from borrowing of long-term debt
repayments of finance obligations																		-9,806,000	-8,578,000	-6,851,000	-6,053,000	-5,730,000	-2,252,000	-3,391,000	-2,536,000	-53,534,000	-6,126,000	-7,378,000
increase/(decrease) in cash, cash equivalents and restricted cash																		3,058,844,000
purchases of equipment related to ppa and equipment related to fuel delivered to customers
proceeds from issuance of preferred stock and warrants, net of transaction costs
proceeds from public offerings, net of transaction costs																			927,316,000	344,667,000			120,330,000	9,833,000	4,767,000	23,498,000	2,283,000				2,328,000	1,130,000
proceeds from borrowing of long-term debt, net of transaction costs																															0	19,526,000			23,993,000	-468,000
summary of non-cash investing and financing activity
recognition of right of use assets
conversion of convertible notes to common stock																			19,680,000
depreciation of property, plant and equipment, and leased property																				3,598,000	2,933,000	2,850,000	3,045,000	3,448,000	2,720,000	2,776,000	2,422,000	2,797,000	3,015,000	2,780,000	2,594,000	2,413,000	2,181,000	2,002,000	1,738,000	1,384,000	957,000	571,000
benefit from loss contracts related to service																																			0	0
purchases for construction of leased property																				-7,443,000	-2,408,000	-3,848,000	-3,681,000	-864,000	-1,181,000	-806,000	-120,000	-243,000	-9,861,000	-3,277,000	-13,802,000	-6,983,000	-10,152,000	-9,336,000	-12,658,000	-16,357,000
proceeds from issuance of preferred stock, net of transaction costs
purchase of capped calls																				0
recognition of right of use asset																				29,455,000	20,733,000	6,189,000	48,744,000	44,096,000			20,480,000
decrease in cash, cash equivalents and restricted cash																					76,039,000	-62,286,000						6,630,000
increase in finance obligations																						9,024,000		31,640,000						1,241,000	12,072,000	15,372,000	-2,938,000	2,230,000	-1,208,000	5,447,000
accrual for loss contracts related to service																															0	0	0	-752,000	-2,482,000	-2,186,000	-1,811,000	-1,748,000
purchase of intangible asset																											-50,000	0
purchase of capped call and common stock forward																											0	0	0	-43,500,000
proceeds from sale/leaseback transactions accounted for as finance obligations																											43,237,000
net transfers between inventory, leased assets and property, plant and equipment																											969,000
benefit from bad debts and other																								346,000
purchases of intangible assets																								0
proceeds from sale/leaseback transactions accounted for as finance leases
increase in property, plant and equipment financed as long-term debt or financing leases
loss on disposal of leased property																																			0
proceeds from issuance of preferred stock and warrant, net of transaction costs
purchase of treasury stock																																																-3,053	-438,453	0	-31,610	-502,808		-45,838
proceeds from short-term borrowing, net of transaction costs																																			0	-201,000	0	23,874,000
principal payments on short-term borrowing																																			0	0
issuance of common stock for acquisitions
cash flows from operating activities:
cash flows from investing activities:
cash flows from financing activities:
other supplemental cash flow information:
summary of non-cash investing and financing activity:
proceeds from sale/leaseback transactions accounted for as capital leases
noncash financing activity-conversion of preferred stock to common stock
amortization of debt issuance costs																														379,000		200,000	149,000	147,000		162,000
cash, cash equivalents, and restricted cash beginning of year																														68,055,000
cash, cash equivalents, and restricted cash end of year																														88,969,000
loss on acquisition activity
amortization and accelerated recognition of debt issuance costs
net cash acquired in purchase acquisitions
change in restricted cash																															5,343,000	3,462,000	1,856,000	734,000	-8,695,000	1,968,000	-29,000	-31,000
proceeds from issuance of common stock and warrants, net of transaction costs
cash and cash equivalents, beginning of year
cash and cash equivalents, end of year
summary of noncash investing and financing activities:
conversions of preferred stock to common stock
cash and cash equivalents, beginning of period																																0	0	46,014,000	0	0	0	63,961,000	0	-71	146,205,071	0						0	14,580,983	0	0	80,844,500	-1,207,693,814,822,928	12,076,938	0	0	0	26,899,866	0	0	0	21,877,726	0	0	0	18,976,767	0	0	0	88,685,255	0	0	0	27,257,641	0
cash and cash equivalents, end of period																																5,867,000	-9,675,000	11,765,000	3,528,000	-23,554,000	-842,000	66,882,000	-24,130,000	-22,398,210	131,537,210	-12,147,120						-4,479,870	8,269,184	-854,935	8,993,660	15,997,671	-1,956,797,737,326,864	51,755,317	-6,094,426	-10,036,023	-44,747,001	72,954,388	-16,143,878	-92,077,439	116,514,129	18,607,054	-29,875,655	34,314,047	-8,580,193	26,019,527	-18,347,931	-3,298,676	-19,172,421	59,795,795	43,830,482	-4,444,656	-4,704,890	54,004,319	-12,984,056
summary of noncash financing activity-conversions of preferred stock to common stock:
summary of noncash financing activity-conversion of preferred stock to common stock:
proceeds from exercise of warrants																																			0	0	2,000	109,000				23,250
proceeds from disposal of property, plant and equipment and leased property
proceeds from issuance of preferred stock and warrants
preferred stock issuance costs
proceeds from issuance of common stock and warrants																																										0
common stock issuance costs
noncash investing activity-issuance of common stock for acquisitions
gain on disposal of property, plant and equipment and leased property
note receivable																																					17,000	16,000	16,000	16,081	15,919	15,691
accounts payable, accrued expenses, product warranty reserve and other liabilities																																					4,154,000	2,423,000				1,843,302
purchases for construction of leased assets																																						-11,747,000
principal payments on finance obligations																																						-556,000
principal payments on obligations under capital lease
depreciation of property, plant and equipment, and investment in leased property																																							512,000	493,806	475,194	499,557
gain on acquisition activity
gain on disposal of property, plant and equipment
changes in operating assets and liabilities that provide (use) cash, net of effects of acquisitions:
cash acquired in purchase acquisitions
proceeds from disposal of property, plant and equipment																																										4,492											-2,590										0
stock issuance costs																																																											83,858	-120,678			-37,784
proceeds from lease agreements recognized as finance obligations
noncash investing activity - issuance of common stock for acquisition of hypulsion
gain on bargain purchase
changes in operating assets and liabilities that provide (use) cash, net of effects of acquisition:
purchase of relion, net of cash acquired																																										0
principal payments on obligations under capital lease and finance obligation
gain on sale of equity interest in joint venture
prepaid expenses and other current assets																																																1,158,515	663,666	68,944	86,630	731,062	-1,565,499,179,334	1,005,107	787,974	953,068	-136,080	-381,206	-769,012	-719,287	72,030	229,578	59,025	-350,645	-165,878	126,805	484,283	-78,423	-153,620	-280,007	-475,248	808,756	-2,764,799	1,809,590	-1,369,894
proceeds from sale of equity interest in joint venture
purchase of property, plant and equipment																																																-828,996	-385,996	-22,002	-9,513	-14,809		-570,153	-827,135	-939,022	-635,831	-542,417	-160,000	-594,066	-188,267	-332,461	630,577	-689,268	-364,606	-576,285	-445,030	-463,664	-308,992	-398,839	-337,794	-152,190	-88,229	-49,135	238,374
restricted cash																																																-16	-56	-501,632	13,249	-1,776,965
proceeds from issuance of preferred stock
repayment of borrowings under line of credit
proceeds from finance obligation
changes in operating assets and liabilities that provide (use) cash, net of effects of acquisition:
depreciation of property, plant and equipment and investment in leased property
benefit from bad debts																																																-82,400	92,560	0	11,903	70,497
loss on sale of leased assets
goodwill impairment charge
impairment loss on available-for-sale securities																																																					4,942,229	2,794,646
net unrealized gains on trading securities																																																-2,469,113	-665,919
change in fair value of auction rate debt securities repurchase agreement																																																2,469,113	665,919	570,106	513,761	3,049,994
gain on repayable government assistance
changes in assets and liabilities:
accounts payable and accrued expenses																																																5,272,939	-1,221,865	228,272	-556,416	-6,302,853						-29,835	473,330	-109,750	-451,790	-1,310,949	1,126,092	770,192	298,334	-484,974	141,733	505,181	-2,238,654	911,243	-10,479	-21,626	1,215,339	-1,398,378	764,056
investment in leased property																																																0	-283,561	0	0	-2,461,526
proceeds from trading securities																																																25,675,000	8,250,001
proceeds from maturities and sales of available-for-sale securities																																																19,976,357	25,927,949	48,782,026	22,839,489	22,942,507	-230,986,668,244,695,260	122,998,448	45,171,119	120,252,085	199,031,301	192,186,063
proceeds from stock option exercises and employee stock purchase plan																																																		0	38,022	38,471	-165,156,014,412
(repayment) proceeds of borrowings under line of credit
proceeds from long term debt																																																		0	0	1,652,445
repayment of government assistance
depreciation and amortization																																																790,474	822,470	890,165	960,210	932,790	-33,147,698,418,893	1,061,087	1,029,984	1,038,144	978,135	800,761	808,513	811,088	795,500	804,689	776,472	832,687	903,168	846,611	1,082,034	1,062,597	1,051,180	1,010,767	980,343	976,875	1,035,831	1,099,001	1,143,462
loss on disposal of property, plant and equipment																																																		0
equity in losses of affiliates																																																															4,438,355	448,274	448,274	450,455	453,050	451,142	433,523	465,818	457,943	476,840	479,887	485,201	465,187
noncash prepaid development costs																																																																			0	0	350,000	358,481	327,795	336,941	407,287	364,761	429,240
in-kind services
amortization of deferred grant revenue																																																																			-50,000	-50,000	-50,000	-50,000	-50,000	-50,000	-50,000	-50,000	-50,000
amortization and write-off of deferred rent
in-process research and development																																																																							0	0	0	3,000,000
changes in assets and liabilities, net of effects of acquisitions:
cash paid for acquisitions																																																							-504,634	0
investment in affiliate
proceeds from issuance of common and preferred stock																																																											0	0
proceeds from initial public offering
repayment of loans due to general hydrogen shareholders																																																							0	0
(repayment) proceeds from borrowings under line of credit																																																	-8,250,000
balance at march 31, 2010
trading securities – auction rate debt securities																																																	45,813,097
available-for-sale securities																																																	41,990,705
auction rate debt securities repurchase agreement																																																	5,311,903
amortization of intangible asset																																																		544,114	525,154	506,198	-17,106,028,803,210										0	0	0	687,500	687,500	687,500	687,500	687,500	687,500	687,500	687,500	514,847	772,292
proceeds from borrowings under line of credit
principal payments on long-term debt and borrowings under line of credit																																																		54,494
balance at september 30, 2009
trading securities – auction rate debt securities
auction rate debt securities repurchase agreement
net unrealized (gains) losses on trading securities																																																			-513,761	-3,049,994
gain on termination of repayable government assistance
principle payments on loan
cash released from escrow
balance at june 30, 2009
principal payments on long-term debt and capital lease obligations																																																											-3,906,641	-47,269	-47,269	-47,268	-433,762	-17,253	-16,828	-16,414	-363,575	-18,959	-11,889	-20,803	-344,341	-44,449	-1,274	-1,245
balance at march 31, 2009
trading securities – auction rate debt securities
auction rate debt securities repurchase agreement
(gain) loss on disposal of property, plant and equipment
goodwill impairment charge
gain on auction rate debt securities repurchase agreement
december 31, 2005
unrealized gain on available-for-sale securities, net of reclassification adjustments for realized net incomees and gains
total comprehensive loss
private placement
stock based compensation																																																														1,518,089		658,516	845,489	959,613		1,007,044	1,000,205	1,264,911		1,170,222	372,342	247,126
stock option exercises
stock issued under employee stock purchase plan
december 31, 2006
foreign currency translation gain
warrants
december 31, 2007
foreign currency translation loss
conversion of preferred stock
treasury stock
december 31, 2008
gain on settlement of repayable government assistance
government assistance receivable																																																						37,468	-73,642	648,758
repayable government assistance
balance at september 30, 2008
accounts payable, accrued expenses and other current liabilities																																																						-1,311,469
government assistance payable																																																						79,699
proceeds from stock options and employee stock purchase plan																																																						128,162
unaudited proforma revenue																																																						3,131,754
unaudited proforma net income																																																						-14,689,744
unaudited proforma basic and diluted loss per share																																																						-0.17
stock-based compensation expense
december 31, 2004
unrealized gain on available-for-sale securities
public offering
amortization of restricted stock
warrants issued for acquisition
allowance for bad debts
interest on repayable government assistance																																																								110,846
changes in assets and liabilities, net of effects of acquired companies:
accounts payable, accrued expenses and other liabilities																																																								1,407,532
increase in notes receivable																																																										-1,500,000
proceeds from public offerings
government assistance
proceeds from shares issued for stock option exercises and employee stock purchase plan																																																								41,337				7,726	209,678	3,591		130,023	357,370	198,626		2,900	250,959	441,988		5,219	196,134	13,965
current assets
property, plant and equipment
identifiable intangible assets
goodwill
total assets acquired
current liabilities
long term liabilities
total liabilities assumed
net assets acquired
proceeds from acquisition																																																																							0	0	0	36,521,491
changes in assets and liabilities, net of effects of acquisition in 2003:
integration costs and expenses associated with acquisition																																																																							0	0	0	-7,055,750
proceeds from maturities and sales of marketable securities																																																												444,440,244
purchases of marketable securities																																																												-524,524,744	-264,119,556	-45,743,215	-104,193,498	-95,253,054	-1,461,346	-4,030,829
cash placed in escrow
proceeds from maturities of marketable securities																																																														53,916,313
proceeds from issuance of common stock																																																															0
proceeds from sale of marketable securities																																																															83,371,710	70,228,774	2,114,661	21,635,881
(gain)/loss on disposal of property, plant and equipment
changes in assets and liabilities, net of effects of acquisition:
marketable securities																																																																				4,463,585	-9,198,431	-20,266,330	-612,986	4,060,880	6,022,797	5,800,837	-2,822,243
prepaid development costs
proceeds from secondary public offering
cash from investing activities																																																																									5,934,568	35,217,443
amortization of deferred rent
write-off of deferred rent
due from investor
due to investor
cash released from (placed in) escrow
proceeds from stock option exercises
principal payments on capital lease obligations

We provide you with 20 years of cash flow statements for Plug Power stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as operating cash flows, cash levels, capital expenditures, profits, stock-based compensations and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Plug Power stock. Explore the full financial landscape of Plug Power stock with our expertly curated income statements.

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