APPLIED OPTOELECTRONICS, INC. (AAOI) FY2024 YTD Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-01-01 to 2024-09-30

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APPLIED OPTOELECTRONICS, INC. cash flow reconciliation, Jan 1, 2024 through Sep 30, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations. Intermediate calculation bars are lighter gray. Calculated remaining financing cash flows are purple; remaining operating and investing bundles are gray. Their underlying inflows and outflows are not separately identified. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Proceeds from common stock offering, net → financing reconciliation: $58,494,000.00Proceeds from line of credit borrowings → financing reconciliation: $35,639,000.00Proceeds from bank acceptance payable → financing reconciliation: $24,831,000.00Exercise of stock options → financing reconciliation: $2,000.00financing reconciliation → Net cash from financing activities: $52,468,000.00financing reconciliation → Repayments of bank acceptance payable: $30,484,000.00financing reconciliation → Repayments of line of credit borrowings: $29,701,000.00financing reconciliation → Payments of tax withholding on behalf of employees related to share-based compensation: $3,053,000.00financing reconciliation → Cash settlement of share-based compensation: $2,791,000.00financing reconciliation → Principal payments of long-term debt and notes payable: $251,000.00financing reconciliation → Proceeds from issuance of convertible senior notes, net of debt issuance costs: $214,000.00financing reconciliation → Remaining financing cash flows, net (calculated): $4,000.00Proceeds from disposal of equipment → investing reconciliation: $7,000.00investing reconciliation → Purchase of property, plant and equipment: $15,027,000.00investing reconciliation → Deposits and prepaid for equipment: $6,033,000.00investing reconciliation → Purchase of intangible assets: $374,000.00Accounts payable → operating reconciliation: $23,099,000.00Depreciation and amortization → operating reconciliation: $15,293,000.00Share-based compensation → operating reconciliation: $11,841,000.00Inventory reserve adjustment → operating reconciliation: $2,386,000.00Allowance of bad debt → operating reconciliation: $1,802,000.00Amortization of debt issuance costs → operating reconciliation: $1,037,000.00Operating right of use asset → operating reconciliation: $784,000.00Accrued liabilities → operating reconciliation: $612,000.00Trade Notes receivable → operating reconciliation: $172,000.00Gain (loss) on disposal of assets → operating reconciliation: $33,000.00operating reconciliation → Net loss: $67,042,000.00operating reconciliation → Accounts receivable, trade: $28,884,000.00operating reconciliation → Inventories: $2,760,000.00operating reconciliation → Other current assets: $2,029,000.00operating reconciliation → Lease liability: $863,000.00operating reconciliation → Unearned revenue: $364,000.00operating reconciliation → Unrealized foreign exchange (gain): $25,000.00operating reconciliation → Prepaid income tax: $2,000.00Net cash used in operating activities → operating reconciliation: $44,910,000.00Net cash used in investing activities → investing reconciliation: $21,427,000.00Exchange-rate effect → Cash sources and uses: $139,000.00Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations → Cash sources and uses: $55,097,000.00Net cash from financing activities → Cash sources and uses: $52,468,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $41,367,000.00Cash sources and uses → Net cash used in investing activities: $21,427,000.00Cash sources and uses → Net cash used in operating activities: $44,910,000.00Prepaid income tax: -$2,000.00Prepaid income taxes−$2.00 KTrade Notes receivable: $172,000.00Trade Notes receivable+$172.00 KOther current assets: -$2,029,000.00Other current assets−$2.03 MInventories: -$2,760,000.00Inventories−$2.76 MAccounts payable: $23,099,000.00Accounts payable+$23.10 MOperating right of use asset: $784,000.00Operating right of use asset+$784.00 KAllowance of bad debt: $1,802,000.00Credit loss provision+$1.80 MAccrued Income Tax: $0.00Net loss: -$67,042,000.00Net loss−$67.04 MAccrued liabilities: $612,000.00Accrued liabilities+$612.00 KDepreciation and amortization: $15,293,000.00Depreciation & amortization+$15.29 MLease liability: -$863,000.00Lease liability−$863.00 KInventory reserve adjustment: $2,386,000.00Inventory reserve provision+$2.39 MUnearned revenue: -$364,000.00Deferred revenue−$364.00 KGain (loss) on disposal of assets: $33,000.00Asset disposal gain & loss+$33.00 KAmortization of debt issuance costs: $1,037,000.00Debt issuance cost amortization+$1.04 MUnrealized foreign exchange (gain): -$25,000.00Unrealized FX gain & loss−$25.00 KShare-based compensation: $11,841,000.00Stock-based compensation+$11.84 MAccounts receivable, trade: -$28,884,000.00Accounts receivable−$28.88 MNet cash used in operating activities: -$44,910,000.00. Cash required to fund net payments.Operating cash−$44.91 Moperating reconciliation: $101,969,000.00Principal payments of long-term debt and notes payable: -$251,000.00Long-term debt & notes repaid−$251.00 KPayments of tax withholding on behalf of employees related to share-based compensation: -$3,053,000.00Stock-award tax withholding−$3.05 MExercise of stock options: $2,000.00Stock option exercises+$2.00 KRepayments of line of credit borrowings: -$29,701,000.00Credit line repayments−$29.70 MCash settlement of share-based compensation: -$2,791,000.00Stock-award tax withholding−$2.79 MProceeds from line of credit borrowings: $35,639,000.00Credit line borrowings+$35.64 MProceeds from common stock offering, net: $58,494,000.00Common stock issued+$58.49 MRepayments of bank acceptance payable: -$30,484,000.00Bank debt repaid−$30.48 MProceeds from bank acceptance payable: $24,831,000.00Bank debt issued+$24.83 MPrincipal payments of financing lease: -$0.00Proceeds from issuance of convertible senior notes, net of debt issuance costs: -$214,000.00Proceeds from issuance of convertible senior notes,net of debt issuance costs−$214.00 KRemaining financing cash flows, net (calculated): -$4,000.00Remaining financing (calculated)−$4.00 KNet cash from financing activities: $52,468,000.00Financing cash+$52.47 Mfinancing reconciliation: $118,966,000.00Purchase of property, plant and equipment: -$15,027,000.00PP&E purchases−$15.03 MDeposits and prepaid for equipment: -$6,033,000.00Deposits & prepayments−$6.03 MProceeds from disposal of equipment: $7,000.00PP&E sales+$7.00 KPurchase of intangible assets: -$374,000.00Intangible asset purchases−$374.00 KNet cash used in investing activities: -$21,427,000.00. Cash required to fund net payments.Investing cash−$21.43 Minvesting reconciliation: $21,434,000.00Cash sources and uses: $107,704,000.00Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $55,097,000.00Beginning cash$55.10 MEnding cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $41,367,000.00Ending cash$41.37 MExchange-rate effect: $139,000.00FX effect+$139.00 KCASH RECONCILIATIONFinancingflowsInvestingflowsOperatingflowsNet loss −$67.04M + net operating adjustments $22.13M = operating cash −$44.91MFree cash flow−$59.94 MOperating cash − cash spent on PP&ECash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change−$13.73 MEnding cash − beginning cash
Chart details

APPLIED OPTOELECTRONICS, INC. cash flow reconciliation, Jan 1, 2024 through Sep 30, 2024

Cash flows for Jan 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations. Beginning cash: Dec 31, 2023. Ending cash: Sep 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2023
55,097,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
Operating activities
negative 44,910,000 US dollars. Net cash used.
Net loss
negative 67,042,000 US dollars
Prepaid income tax
negative 2,000 US dollars
Trade Notes receivable
172,000 US dollars
Other current assets
negative 2,029,000 US dollars
Inventories
negative 2,760,000 US dollars
Accounts payable
23,099,000 US dollars
Operating right of use asset
784,000 US dollars
Allowance of bad debt
1,802,000 US dollars
Accrued Income Tax
0 US dollars
Accrued liabilities
612,000 US dollars
Depreciation and amortization
15,293,000 US dollars
Lease liability
negative 863,000 US dollars
Inventory reserve adjustment
2,386,000 US dollars
Unearned revenue
negative 364,000 US dollars
Gain (loss) on disposal of assets
33,000 US dollars
Amortization of debt issuance costs
1,037,000 US dollars
Unrealized foreign exchange (gain)
negative 25,000 US dollars
Share-based compensation
11,841,000 US dollars
Accounts receivable, trade
negative 28,884,000 US dollars
Investing activities
negative 21,427,000 US dollars. Net cash used.
Purchase of property, plant and equipment
negative 15,027,000 US dollars
Deposits and prepaid for equipment
negative 6,033,000 US dollars
Proceeds from disposal of equipment
7,000 US dollars
Purchase of intangible assets
negative 374,000 US dollars
Financing activities
52,468,000 US dollars. Net cash provided. The remaining amount is calculated by subtracting the other displayed items from the financing total. The filing's tagged financing lines do not add up to the financing total; this is the difference. It may combine inflows and outflows.
Principal payments of long-term debt and notes payable
negative 251,000 US dollars
Payments of tax withholding on behalf of employees related to share-based compensation
negative 3,053,000 US dollars
Exercise of stock options
2,000 US dollars
Repayments of line of credit borrowings
negative 29,701,000 US dollars
Cash settlement of share-based compensation
negative 2,791,000 US dollars
Proceeds from line of credit borrowings
35,639,000 US dollars
Proceeds from common stock offering, net
58,494,000 US dollars
Repayments of bank acceptance payable
negative 30,484,000 US dollars
Proceeds from bank acceptance payable
24,831,000 US dollars
Principal payments of financing lease
0 US dollars
Proceeds from issuance of convertible senior notes, net of debt issuance costs
negative 214,000 US dollars
Remaining financing cash flows, net (calculated)
negative 4,000 US dollars
Operating adjustment reconciliation
101,969,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing displayed reconciliation
118,966,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
investing gross reconciliation
21,434,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
139,000 US dollars
Ending cash on Sep 30, 2024
41,367,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
Cash sources and uses
107,704,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 13,730,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.
Operating cash flow
negative 44,910,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
15,027,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 59,937,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net loss −$67.04M + net operating adjustments $22.13M = operating cash −$44.91M. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: negative 44,910,000 US dollars minus 15,027,000 US dollars equals negative 59,937,000 US dollars.
APPLIED OPTOELECTRONICS, INC. (AAOI) FY2024 YTD Q3 Statement of Cash Flows Sankey chart
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