ROCKET LAB USA, INC. (RKLB) 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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ROCKET LAB USA, 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. 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.Proceeds from issuance of convertible senior notes → financing reconciliation: $355,000,000.00Proceeds from sale of employees restricted stock units to cover taxes → financing reconciliation: $14,991,000.00Proceeds from Employee Stock Purchase Plan → financing reconciliation: $4,098,000.00Proceeds from the exercise of stock options and public warrants → financing reconciliation: $2,074,000.00financing reconciliation → Net cash from financing activities: $256,499,000.00financing reconciliation → Repayments on Trinity Loan Agreement: $48,853,000.00financing reconciliation → Purchase of capped calls related to issuance of convertible senior notes: $43,168,000.00financing reconciliation → Minimum tax withholding paid on behalf of employees for restricted stock units: $15,169,000.00financing reconciliation → Payment of debt issuance costs: $12,205,000.00financing reconciliation → Finance lease principal payments: $269,000.00Maturities of marketable securities → investing reconciliation: $102,930,000.00Proceeds on disposal of assets, net → investing reconciliation: $11,756,000.00investing reconciliation → Purchases of marketable securities: $149,548,000.00investing reconciliation → Purchases of property, equipment and software: $45,539,000.00Net cash used in operating activities → operating reconciliation: $46,503,000.00Stock-based compensation expense → operating reconciliation: $39,944,000.00Contract liabilities → operating reconciliation: $27,791,000.00Depreciation and amortization → operating reconciliation: $24,516,000.00Trade payables → operating reconciliation: $13,853,000.00Accounts receivable, net → operating reconciliation: $12,928,000.00Noncash lease expense → operating reconciliation: $4,437,000.00Other current liabilities → operating reconciliation: $4,088,000.00Employee benefits payables → operating reconciliation: $3,525,000.00Accrued expenses → operating reconciliation: $2,980,000.00Deferred income taxes → operating reconciliation: $2,310,000.00Amortization of debt issuance costs and discount → operating reconciliation: $2,272,000.00Prepaids and other current assets → operating reconciliation: $1,951,000.00Other non-current liabilities → operating reconciliation: $1,653,000.00Loss on extinguishment of long-term debt → operating reconciliation: $1,330,000.00Other non-current assets → operating reconciliation: $544,000.00operating reconciliation → Net loss: $137,830,000.00operating reconciliation → Contract assets: $36,510,000.00operating reconciliation → Inventories: $7,118,000.00operating reconciliation → Non-current lease liabilities: $4,321,000.00operating reconciliation → (Gain) loss on disposal of assets: $2,356,000.00operating reconciliation → Accretion of marketable securities purchased at a discount: $2,272,000.00operating reconciliation → Change in the fair value of contingent consideration: $218,000.00Net cash used in investing activities → investing reconciliation: $80,401,000.00Exchange-rate effect → Cash sources and uses: $763,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $166,434,000.00Net cash from financing activities → Cash sources and uses: $256,499,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $296,792,000.00Cash sources and uses → Net cash used in investing activities: $80,401,000.00Cash sources and uses → Net cash used in operating activities: $46,503,000.00Net loss: -$137,830,000.00Net loss−$137.83 MDepreciation and amortization: $24,516,000.00Depreciation & amortization+$24.52 MStock-based compensation expense: $39,944,000.00Stock-based compensation+$39.94 M(Gain) loss on disposal of assets: -$2,356,000.00Asset disposal gain & loss−$2.36 MLoss on extinguishment of long-term debt: $1,330,000.00Debt extinguishment gain & loss+$1.33 MAmortization of debt issuance costs and discount: $2,272,000.00Debt issuance cost amortization+$2.27 MNoncash lease expense: $4,437,000.00Noncash charitable gifts+$4.44 MChange in the fair value of contingent consideration: -$218,000.00Contingent consideration change−$218.00 KAccretion of marketable securities purchased at a discount: -$2,272,000.00Investment discount & premium−$2.27 MDeferred income taxes: $2,310,000.00Deferred taxes & credits+$2.31 MAccounts receivable, net: $12,928,000.00Accounts receivable+$12.93 MContract assets: -$36,510,000.00Contract assets−$36.51 MInventories: -$7,118,000.00Inventories−$7.12 MPrepaids and other current assets: $1,951,000.00Prepaid & other assets+$1.95 MOther non-current assets: $544,000.00Other noncurrent assets+$544.00 KTrade payables: $13,853,000.00Trade payables+$13.85 MAccrued expenses: $2,980,000.00Accrued liabilities+$2.98 MEmployee benefits payables: $3,525,000.00Accrued compensation+$3.53 MContract liabilities: $27,791,000.00Deferred revenue+$27.79 MOther current liabilities: $4,088,000.00Other current liabilities+$4.09 MNon-current lease liabilities: -$4,321,000.00Non-current lease liabilities−$4.32 MOther non-current liabilities: $1,653,000.00Other noncurrent liabilities+$1.65 MNet cash used in operating activities: -$46,503,000.00. Cash required to fund net payments.Operating cash−$46.50 Moperating reconciliation: $190,625,000.00Proceeds from the exercise of stock options and public warrants: $2,074,000.00Stock option exercises+$2.07 MProceeds from Employee Stock Purchase Plan: $4,098,000.00Stock plan proceeds+$4.10 MProceeds from sale of employees restricted stock units to cover taxes: $14,991,000.00Stock unit sales for taxes+$14.99 MMinimum tax withholding paid on behalf of employees for restricted stock units: -$15,169,000.00Stock-award tax withholding−$15.17 MPayment of contingent consideration: $0.00Purchase of capped calls related to issuance of convertible senior notes: -$43,168,000.00Purchase of capped calls related to issuance ofconvertible senior notes−$43.17 MProceeds from issuance of convertible senior notes: $355,000,000.00Convertible preferred issued+$355.00 MRepayments on Trinity Loan Agreement: -$48,853,000.00Secured debt repaid−$48.85 MPayment of debt issuance costs: -$12,205,000.00Debt issuance costs−$12.21 MFinance lease principal payments: -$269,000.00Finance lease payments−$269.00 KNet cash from financing activities: $256,499,000.00Financing cash+$256.50 Mfinancing reconciliation: $376,163,000.00Purchases of property, equipment and software: -$45,539,000.00PP&E purchases−$45.54 MProceeds on disposal of assets, net: $11,756,000.00Intangible asset sales+$11.76 MCash paid for asset acquisition: $0.00Purchases of marketable securities: -$149,548,000.00Marketable securities purchases−$149.55 MMaturities of marketable securities: $102,930,000.00Marketable securities proceeds+$102.93 MNet cash used in investing activities: -$80,401,000.00. Cash required to fund net payments.Investing cash−$80.40 Minvesting reconciliation: $195,087,000.00Cash sources and uses: $423,696,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $166,434,000.00Beginning cash$166.43 MEnding cash: Cash, cash equivalents, and restricted cash: $296,792,000.00Ending cash$296.79 MExchange-rate effect: $763,000.00FX effect+$763.00 KCASH RECONCILIATIONFinancingflowsInvestingflowsOperatingflowsNet loss −$137.83M + net operating adjustments $91.33M = operating cash −$46.50MFree cash flow−$92.04 MOperating cash − cash spent on PP&ECash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change+$130.36 MEnding cash − beginning cash
Chart details

ROCKET LAB USA, 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. 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
166,434,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
negative 46,503,000 US dollars. Net cash used.
Net loss
negative 137,830,000 US dollars
Depreciation and amortization
24,516,000 US dollars
Stock-based compensation expense
39,944,000 US dollars
(Gain) loss on disposal of assets
negative 2,356,000 US dollars
Loss on extinguishment of long-term debt
1,330,000 US dollars
Amortization of debt issuance costs and discount
2,272,000 US dollars
Noncash lease expense
4,437,000 US dollars
Change in the fair value of contingent consideration
negative 218,000 US dollars
Accretion of marketable securities purchased at a discount
negative 2,272,000 US dollars
Deferred income taxes
2,310,000 US dollars
Accounts receivable, net
12,928,000 US dollars
Contract assets
negative 36,510,000 US dollars
Inventories
negative 7,118,000 US dollars
Prepaids and other current assets
1,951,000 US dollars
Other non-current assets
544,000 US dollars
Trade payables
13,853,000 US dollars
Accrued expenses
2,980,000 US dollars
Employee benefits payables
3,525,000 US dollars
Contract liabilities
27,791,000 US dollars
Other current liabilities
4,088,000 US dollars
Non-current lease liabilities
negative 4,321,000 US dollars
Other non-current liabilities
1,653,000 US dollars
Investing activities
negative 80,401,000 US dollars. Net cash used.
Purchases of property, equipment and software
negative 45,539,000 US dollars
Proceeds on disposal of assets, net
11,756,000 US dollars
Cash paid for asset acquisition
0 US dollars
Purchases of marketable securities
negative 149,548,000 US dollars
Maturities of marketable securities
102,930,000 US dollars
Financing activities
256,499,000 US dollars. Net cash provided.
Proceeds from the exercise of stock options and public warrants
2,074,000 US dollars
Proceeds from Employee Stock Purchase Plan
4,098,000 US dollars
Proceeds from sale of employees restricted stock units to cover taxes
14,991,000 US dollars
Minimum tax withholding paid on behalf of employees for restricted stock units
negative 15,169,000 US dollars
Payment of contingent consideration
0 US dollars
Purchase of capped calls related to issuance of convertible senior notes
negative 43,168,000 US dollars
Proceeds from issuance of convertible senior notes
355,000,000 US dollars
Repayments on Trinity Loan Agreement
negative 48,853,000 US dollars
Payment of debt issuance costs
negative 12,205,000 US dollars
Finance lease principal payments
negative 269,000 US dollars
Operating adjustment reconciliation
190,625,000 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
376,163,000 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
195,087,000 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
763,000 US dollars
Ending cash on Sep 30, 2024
296,792,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
423,696,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
130,358,000 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 46,503,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
45,539,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 92,042,000 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 −$137.83M + net operating adjustments $91.33M = operating cash −$46.50M. 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 46,503,000 US dollars minus 45,539,000 US dollars equals negative 92,042,000 US dollars.
ROCKET LAB USA, INC. (RKLB) FY2024 YTD Q3 Statement of Cash Flows Sankey chart
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