PLUG POWER INC (PLUG) FY2026 Q2 Statement of Cash Flows
2026-04-01 to 2026-06-30
Statement of Cash Flows
2026-04-01 to 2026-06-30
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Chart details
PLUG POWER INC cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026
Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.
- Beginning cash on Mar 31, 2026
- 802,014,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- Operating activities
- negative 94,064,000 US dollars. Net cash used.
- Net loss
- negative 190,102,000 US dollars
- Depreciation of long-lived assets
- 6,559,000 US dollars
- Amortization of intangible assets
- 914,000 US dollars
- Lower of cost or net realizable value inventory adjustments and provision for excess and obsolete inventory
- 7,895,000 US dollars
- Stock-based compensation
- 12,950,000 US dollars
- (Gain)/loss on extinguishment of convertible debt instruments and finance obligations
- 90,000 US dollars
- Amortization of discount/(premium) of debt issuance costs on convertible debt instruments and long-term debt
- 1,084,000 US dollars
- Provision for losses on accounts receivable
- 0 US dollars
- Provision for common stock warrants
- 14,389,000 US dollars
- Impairment
- 19,365,000 US dollars
- Recovery on service contracts
- negative 20,490,000 US dollars
- Change in fair value of convertible debt instruments
- 74,235,000 US dollars
- Change in fair value of warrant liabilities
- 29,291,000 US dollars
- Change in fair value of contingent consideration
- 197,000 US dollars
- Loss on equity method investments
- 675,000 US dollars
- Accounts receivable
- negative 19,350,000 US dollars
- Inventory
- 10,390,000 US dollars
- Contract assets
- negative 8,503,000 US dollars
- Prepaid expenses and other assets
- negative 1,852,000 US dollars
- Accounts payable, accrued expenses, and other liabilities
- negative 6,051,000 US dollars
- Payments of operating lease liabilities, net
- negative 14,196,000 US dollars
- Payments of contingent consideration
- 0 US dollars
- Deferred revenue and other contract liabilities
- negative 11,554,000 US dollars
- Investing activities
- 289,000 US dollars. Net cash provided.
- Purchases of property, plant and equipment
- negative 6,304,000 US dollars
- Proceeds from sale of property, plant and equipment
- 1,035,000 US dollars
- Proceeds from sale of investment tax credit
- 36,148,000 US dollars
- Purchases of equipment related to power purchase agreements and equipment related to fuel delivered to customers
- negative 24,357,000 US dollars
- Cash paid for non-consolidated entities and non-marketable securities
- negative 6,233,000 US dollars
- Financing activities
- negative 36,178,000 US dollars. Net cash used.
- Principal payments on long-term debt
- negative 346,000 US dollars
- Principal payments on convertible debt instruments
- negative 2,413,000 US dollars
- Payments of contingent consideration
- 0 US dollars
- Payments of tax withholding on behalf of employees for net stock settlement of stock-based compensation
- negative 122,000 US dollars
- Contributions by non-controlling interest
- 0 US dollars
- Distributions to non-controlling interest
- negative 16,474,000 US dollars
- Proceeds from exercise of stock options
- 1,546,000 US dollars
- Principal repayments of finance obligations and finance leases
- negative 18,369,000 US dollars
- Operating adjustment reconciliation
- 272,098,000 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
- 37,724,000 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
- 37,183,000 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 533,000 US dollars
- Decrease in restricted cash
- 69,191,000 US dollars. Into cash; drawn as the small gray flow above beginning cash.
- Difference in the filed cash totals (calculated)
- negative 69,191,000 US dollars. Out of cash; drawn as the small gray flow above ending cash.
- Ending cash on Jun 30, 2026
- 671,528,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- Cash sources and uses
- 871,494,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- Net cash change
- negative 130,486,000 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 94,064,000 US dollars. Operating cash flow used in the free cash flow calculation.
- Cash purchases of property, plant and equipment
- 6,304,000 US dollars. These cash purchases are already included in investing activities above.
- Free cash flow
- negative 100,368,000 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 −$190.10M + net operating adjustments $96.04M = operating cash −$94.06M. 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.
- The filer's reported cash figures differ by $69.19 M: its ending cash less its beginning cash does not equal its reported net change in cash. The chart shows the difference as its own calculated flow; no reported amount has been adjusted.
- Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: negative 94,064,000 US dollars minus 6,304,000 US dollars equals negative 100,368,000 US dollars.
- The filer's reported cash figures differ by $69.19 M: its ending cash less its beginning cash does not equal its reported net change in cash. The chart shows the difference as its own calculated flow; no reported amount has been adjusted.
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