BLOOM ENERGY CORPORATION (BE) FY2024 Annual Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-01-01 to 2024-12-31

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BLOOM ENERGY CORPORATION cash flow reconciliation, Jan 1, 2024 through Dec 31, 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. Intermediate calculation bars are lighter gray. 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.Deferred revenue and customer deposits → operating reconciliation: $139,868,000.00Stock-based compensation expense → operating reconciliation: $82,424,000.00Depreciation and amortization → operating reconciliation: $53,048,000.00Non-cash lease expense → operating reconciliation: $35,898,000.00Loss on extinguishment of debt → operating reconciliation: $27,182,000.00Accrued expenses and other current liabilities → operating reconciliation: $8,662,000.00Decrease in accounts receivable → operating reconciliation: $7,133,000.00Amortization of debt issuance costs → operating reconciliation: $6,797,000.00Other long-term assets → operating reconciliation: $4,072,000.00Prepaid expenses and other assets → operating reconciliation: $3,790,000.00Unrealized foreign currency exchange loss (gain) → operating reconciliation: $3,756,000.00Financing lease liabilities → operating reconciliation: $1,644,000.00Revaluation of derivative contracts → operating reconciliation: $694,000.00Loss on disposal of property, plant and equipment → operating reconciliation: $161,000.00Other → operating reconciliation: $69,000.00operating reconciliation → Net cash from operating activities: $91,998,000.00operating reconciliation → Net loss: $27,203,000.00operating reconciliation → Contract assets: $103,796,000.00operating reconciliation → Inventories: $44,527,000.00operating reconciliation → Operating lease right-of-use assets and operating lease liabilities: $36,675,000.00operating reconciliation → Accounts payable: $36,629,000.00operating reconciliation → Net (gain) loss on failed sale-and-leaseback transactions: $17,390,000.00operating reconciliation → Deferred cost of revenue: $13,070,000.00operating reconciliation → Accrued warranty: $2,767,000.00operating reconciliation → Other long-term liabilities: $1,143,000.00Proceeds from issuance of debt → financing reconciliation: $402,500,000.00Proceeds from issuance of common stock → financing reconciliation: $12,367,000.00Contributions from noncontrolling interest → financing reconciliation: $3,958,000.00Proceeds from financing obligations → financing reconciliation: $1,798,000.00financing reconciliation → Net cash from financing activities: $175,207,000.00financing reconciliation → Repayment of debt: $140,990,000.00financing reconciliation → Repayment of financing obligations: $90,197,000.00financing reconciliation → Payment of debt issuance costs: $12,761,000.00financing reconciliation → Dividend paid: $1,468,000.00Net cash used in investing activities → investing reconciliation: $58,782,000.00Proceeds from sale of property, plant and equipment → investing reconciliation: $70,000.00investing reconciliation → Purchase of property, plant and equipment: $58,852,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $745,178,000.00Net cash from operating activities → Cash sources and uses: $91,998,000.00Net cash from financing activities → Cash sources and uses: $175,207,000.00Cash sources and uses → Exchange-rate effect: $2,630,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $950,971,000.00Cash sources and uses → Net cash used in investing activities: $58,782,000.00Revaluation of derivative contracts: $694,000.00Derivative value change+$694.00 KAmortization of debt issuance costs: $6,797,000.00Debt cost amortization+$6.80 MStock-based compensation expense: $82,424,000.00Stock-based compensation expense+$82.42 MLoss on extinguishment of debt: $27,182,000.00Loss on extinguishment of debt+$27.18 MLoss on disposal of property, plant and equipment: $161,000.00PP&E disposal gain & loss+$161.00 KAccounts payable: -$36,629,000.00Accounts payable−$36.63 MOther: $69,000.00Other non-cash items+$69.00 KOther long-term assets: $4,072,000.00Other noncurrent assets+$4.07 MDepreciation and amortization: $53,048,000.00Depreciation expense+$53.05 MAccrued expenses and other current liabilities: $8,662,000.00Other current liabilities+$8.66 MDerecognition of loan commitment asset related to SK ecoplant Second Tranche Closing: $0.00Non-cash lease expense: $35,898,000.00Non-cash lease expense+$35.90 MCustomer financing receivable: $0.00Financing lease liabilities: $1,644,000.00Financing lease liabilities+$1.64 MNet loss: -$27,203,000.00Net loss−$27.20 MDeferred revenue and customer deposits: $139,868,000.00Deferred revenue+$139.87 MImpairment of assets: $0.00Other long-term liabilities: -$1,143,000.00Other noncurrent liabilities−$1.14 MAccrued warranty: -$2,767,000.00Accrued warranty−$2.77 MPrepaid expenses and other assets: $3,790,000.00Prepaid & other assets+$3.79 MDeferred cost of revenue: -$13,070,000.00Deferred costs−$13.07 MInventories: -$44,527,000.00Inventories−$44.53 MContract assets: -$103,796,000.00Contract assets−$103.80 MDecrease in accounts receivable: $7,133,000.00Accounts receivable+$7.13 MNet (gain) loss on failed sale-and-leaseback transactions: -$17,390,000.00Failed sale-leaseback gain, net−$17.39 MUnrealized foreign currency exchange loss (gain): $3,756,000.00Unrealized FX gain & loss+$3.76 MOperating lease right-of-use assets and operating lease liabilities: -$36,675,000.00Operating lease liabilities−$36.68 MNet cash from operating activities: $91,998,000.00Operating cash+$92.00 Moperating reconciliation: $375,198,000.00Distributions and payments to noncontrolling interest: $0.00Payment of debt issuance costs: -$12,761,000.00Debt issuance costs−$12.76 MPurchase of capped call options related to convertible notes: $0.00Other: $0.00Contributions from noncontrolling interest: $3,958,000.00From noncontrolling interests+$3.96 MBuyout of noncontrolling interest: $0.00Proceeds from financing obligations: $1,798,000.00Financing obligations issued+$1.80 MProceeds from issuance of redeemable convertible preferred stock: $0.00Dividend paid: -$1,468,000.00Dividends paid−$1.47 MProceeds from issuance of debt: $402,500,000.00Debt issued+$402.50 MProceeds from issuance of common stock: $12,367,000.00Common stock issued+$12.37 MPayment of public share offering costs and issuance costs related to redeemable convertible preferred stock - Common Stock: $0.00Payment of public share offering costs and issuance costs related to redeemable convertible preferred stock - Redeemable convertible preferred stock: $0.00Repayment of debt: -$140,990,000.00Other long-term debt repaid−$140.99 MRepayment of financing obligations: -$90,197,000.00Financing obligations repaid−$90.20 MMake-whole payment related to PPAs’ debt: $0.00Proceeds from public share offering: $0.00Net cash from financing activities: $175,207,000.00Financing cash+$175.21 Mfinancing reconciliation: $420,623,000.00Purchase of property, plant and equipment: -$58,852,000.00PP&E purchases−$58.85 MProceeds from sale of property, plant and equipment: $70,000.00PP&E sales+$70.00 KNet cash used in investing activities: -$58,782,000.00. Cash required to fund net payments.Investing cash−$58.78 Minvesting reconciliation: $58,852,000.00Cash sources and uses: $1,012,383,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $745,178,000.00Beginning cash$745.18 MEnding cash: Cash, cash equivalents, and restricted cash: $950,971,000.00Ending cash$950.97 MExchange-rate effect: -$2,630,000.00FX effect−$2.63 MCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsNet loss −$27.20M + net operating adjustments $119.20M = operating cash +$92.00MFree cash flow$33.15 MOperating cash − cash spent on PP&ECash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change+$205.79 MEnding cash − beginning cash
Chart details

BLOOM ENERGY CORPORATION cash flow reconciliation, Jan 1, 2024 through Dec 31, 2024

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

Beginning cash on Dec 31, 2023
745,178,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
91,998,000 US dollars. Net cash provided.
Revaluation of derivative contracts
694,000 US dollars
Amortization of debt issuance costs
6,797,000 US dollars
Stock-based compensation expense
82,424,000 US dollars
Loss on extinguishment of debt
27,182,000 US dollars
Loss on disposal of property, plant and equipment
161,000 US dollars
Accounts payable
negative 36,629,000 US dollars
Other
69,000 US dollars
Other long-term assets
4,072,000 US dollars
Depreciation and amortization
53,048,000 US dollars
Accrued expenses and other current liabilities
8,662,000 US dollars
Derecognition of loan commitment asset related to SK ecoplant Second Tranche Closing
0 US dollars
Non-cash lease expense
35,898,000 US dollars
Customer financing receivable
0 US dollars
Financing lease liabilities
1,644,000 US dollars
Net loss
negative 27,203,000 US dollars
Deferred revenue and customer deposits
139,868,000 US dollars
Impairment of assets
0 US dollars
Other long-term liabilities
negative 1,143,000 US dollars
Accrued warranty
negative 2,767,000 US dollars
Prepaid expenses and other assets
3,790,000 US dollars
Deferred cost of revenue
negative 13,070,000 US dollars
Inventories
negative 44,527,000 US dollars
Contract assets
negative 103,796,000 US dollars
Decrease in accounts receivable
7,133,000 US dollars
Net (gain) loss on failed sale-and-leaseback transactions
negative 17,390,000 US dollars
Unrealized foreign currency exchange loss (gain)
3,756,000 US dollars
Operating lease right-of-use assets and operating lease liabilities
negative 36,675,000 US dollars
Investing activities
negative 58,782,000 US dollars. Net cash used.
Purchase of property, plant and equipment
negative 58,852,000 US dollars
Proceeds from sale of property, plant and equipment
70,000 US dollars
Financing activities
175,207,000 US dollars. Net cash provided.
Distributions and payments to noncontrolling interest
0 US dollars
Payment of debt issuance costs
negative 12,761,000 US dollars
Purchase of capped call options related to convertible notes
0 US dollars
Other
0 US dollars
Contributions from noncontrolling interest
3,958,000 US dollars
Buyout of noncontrolling interest
0 US dollars
Proceeds from financing obligations
1,798,000 US dollars
Proceeds from issuance of redeemable convertible preferred stock
0 US dollars
Dividend paid
negative 1,468,000 US dollars
Proceeds from issuance of debt
402,500,000 US dollars
Proceeds from issuance of common stock
12,367,000 US dollars
Payment of public share offering costs and issuance costs related to redeemable convertible preferred stock - Common Stock
0 US dollars
Payment of public share offering costs and issuance costs related to redeemable convertible preferred stock - Redeemable convertible preferred stock
0 US dollars
Repayment of debt
negative 140,990,000 US dollars
Repayment of financing obligations
negative 90,197,000 US dollars
Make-whole payment related to PPAs’ debt
0 US dollars
Proceeds from public share offering
0 US dollars
Operating adjustment reconciliation
375,198,000 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 gross reconciliation
420,623,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
58,852,000 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
negative 2,630,000 US dollars
Ending cash on Dec 31, 2024
950,971,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
1,012,383,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
205,793,000 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
91,998,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
58,852,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
33,146,000 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 −$27.20M + net operating adjustments $119.20M = operating cash +$92.00M. 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: 91,998,000 US dollars minus 58,852,000 US dollars equals 33,146,000 US dollars.
BLOOM ENERGY CORPORATION (BE) FY2024 Annual Statement of Cash Flows Sankey chart
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