ROCKET LAB USA, INC. (RKLB) FY2025 Q1 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2025-01-01 to 2025-03-31

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ROCKET LAB USA, INC. cash flow reconciliation, Jan 1, 2025 through Mar 31, 2025One 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 ATM Equity Offering → financing reconciliation: $92,806,000.00Proceeds from secured term loan → financing reconciliation: $25,000,000.00Proceeds from sale of employees restricted stock units to cover taxes → financing reconciliation: $17,310,000.00Proceeds from Employee Stock Purchase Plan → financing reconciliation: $2,237,000.00Proceeds from the exercise of stock options → financing reconciliation: $48,000.00financing reconciliation → Net cash from financing activities: $115,503,000.00financing reconciliation → Minimum tax withholding paid on behalf of employees for restricted stock units: $16,577,000.00financing reconciliation → Repayments on secured term loan: $2,894,000.00financing reconciliation → Issuance costs related to ATM Equity Offering: $2,088,000.00financing reconciliation → Payment of debt issuance costs: $278,000.00financing reconciliation → Finance lease principal payments: $61,000.00Maturities of marketable securities → investing reconciliation: $84,699,000.00Proceeds on disposal of assets, net → investing reconciliation: $16,000.00Net cash used in investing activities → investing reconciliation: $28,601,000.00investing reconciliation → Purchases of marketable securities: $84,639,000.00investing reconciliation → Purchases of property, equipment and software: $28,677,000.00Net cash used in operating activities → operating reconciliation: $54,225,000.00Stock-based compensation expense → operating reconciliation: $19,234,000.00Trade payables → operating reconciliation: $9,779,000.00Depreciation and amortization → operating reconciliation: $8,707,000.00Contract assets → operating reconciliation: $2,165,000.00Other non-current assets → operating reconciliation: $1,571,000.00Noncash lease expense → operating reconciliation: $1,519,000.00Amortization of debt issuance costs and discount → operating reconciliation: $831,000.00Other non-current liabilities → operating reconciliation: $245,000.00Loss on disposal of assets → operating reconciliation: $13,000.00operating reconciliation → Net loss: $60,616,000.00operating reconciliation → Prepaids and other current assets: $9,617,000.00operating reconciliation → Contract liabilities: $9,294,000.00operating reconciliation → Inventories: $6,308,000.00operating reconciliation → Other current liabilities: $3,699,000.00operating reconciliation → Accounts receivable, net: $2,974,000.00operating reconciliation → Accrued expenses: $2,712,000.00operating reconciliation → Non-current lease liabilities: $1,670,000.00operating reconciliation → Deferred income taxes: $585,000.00operating reconciliation → Accretion of marketable securities purchased at a discount: $561,000.00operating reconciliation → Employee benefits payables: $253,000.00Exchange-rate effect → Cash sources and uses: $272,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $275,302,000.00Net cash from financing activities → Cash sources and uses: $115,503,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $308,251,000.00Cash sources and uses → Net cash used in investing activities: $28,601,000.00Cash sources and uses → Net cash used in operating activities: $54,225,000.00Net loss: -$60,616,000.00Net loss−$60.62 MDepreciation and amortization: $8,707,000.00Depreciation & amortization+$8.71 MStock-based compensation expense: $19,234,000.00Stock-based compensation+$19.23 MLoss on disposal of assets: $13,000.00Asset disposal gain & loss+$13.00 KLoss on extinguishment of long-term debt: $0.00Amortization of debt issuance costs and discount: $831,000.00Debt issuance cost amortization+$831.00 KNoncash lease expense: $1,519,000.00Noncash charitable gifts+$1.52 MChange in the fair value of contingent consideration: $0.00Accretion of marketable securities purchased at a discount: -$561,000.00Investment discount & premium−$561.00 KDeferred income taxes: -$585,000.00Deferred taxes & credits−$585.00 KAccounts receivable, net: -$2,974,000.00Accounts receivable−$2.97 MContract assets: $2,165,000.00Contract assets+$2.17 MInventories: -$6,308,000.00Inventories−$6.31 MPrepaids and other current assets: -$9,617,000.00Prepaid & other assets−$9.62 MOther non-current assets: $1,571,000.00Other noncurrent assets+$1.57 MTrade payables: $9,779,000.00Trade payables+$9.78 MAccrued expenses: -$2,712,000.00Accrued liabilities−$2.71 MEmployee benefits payables: -$253,000.00Accrued compensation−$253.00 KContract liabilities: -$9,294,000.00Deferred revenue−$9.29 MOther current liabilities: -$3,699,000.00Other current liabilities−$3.70 MNon-current lease liabilities: -$1,670,000.00Non-current lease liabilities−$1.67 MOther non-current liabilities: $245,000.00Other noncurrent liabilities+$245.00 KNet cash used in operating activities: -$54,225,000.00. Cash required to fund net payments.Operating cash−$54.23 Moperating reconciliation: $98,289,000.00Repayments on secured term loan: -$2,894,000.00Secured debt repaid−$2.89 MProceeds from secured term loan: $25,000,000.00Secured debt issued+$25.00 MMinimum tax withholding paid on behalf of employees for restricted stock units: -$16,577,000.00Stock-award tax withholding−$16.58 MIssuance costs related to ATM Equity Offering: -$2,088,000.00Stock issuance costs−$2.09 MProceeds from ATM Equity Offering: $92,806,000.00Common stock issued+$92.81 MProceeds from issuance of convertible senior notes: $0.00Purchase of capped calls related to issuance of convertible senior notes: $0.00Proceeds from the exercise of stock options: $48,000.00Stock option exercises+$48.00 KPayment of debt issuance costs: -$278,000.00Debt issuance costs−$278.00 KFinance lease principal payments: -$61,000.00Finance lease payments−$61.00 KProceeds from sale of employees restricted stock units to cover taxes: $17,310,000.00Stock unit sales for taxes+$17.31 MProceeds from Employee Stock Purchase Plan: $2,237,000.00Stock plan proceeds+$2.24 MNet cash from financing activities: $115,503,000.00Financing cash+$115.50 Mfinancing reconciliation: $137,401,000.00Purchases of property, equipment and software: -$28,677,000.00PP&E purchases−$28.68 MProceeds on disposal of assets, net: $16,000.00PP&E sales+$16.00 KMaturities of marketable securities: $84,699,000.00Marketable securities proceeds+$84.70 MPurchases of marketable securities: -$84,639,000.00Marketable securities purchases−$84.64 MNet cash used in investing activities: -$28,601,000.00. Cash required to fund net payments.Investing cash−$28.60 Minvesting reconciliation: $113,316,000.00Cash sources and uses: $391,077,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $275,302,000.00Beginning cash$275.30 MEnding cash: Cash, cash equivalents, and restricted cash: $308,251,000.00Ending cash$308.25 MExchange-rate effect: $272,000.00FX effect+$272.00 KCASH RECONCILIATIONFinancingflowsInvestingflowsOperatingflowsNet loss −$60.62M + net operating adjustments $6.39M = operating cash −$54.23MFree cash flow−$82.90 MOperating cash − cash spent on PP&ECash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change+$32.95 MEnding cash − beginning cash
Chart details

ROCKET LAB USA, INC. cash flow reconciliation, Jan 1, 2025 through Mar 31, 2025

Cash flows for Jan 1, 2025 through Mar 31, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2024. Ending cash: Mar 31, 2025. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2024
275,302,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
negative 54,225,000 US dollars. Net cash used.
Net loss
negative 60,616,000 US dollars
Depreciation and amortization
8,707,000 US dollars
Stock-based compensation expense
19,234,000 US dollars
Loss on disposal of assets
13,000 US dollars
Loss on extinguishment of long-term debt
0 US dollars
Amortization of debt issuance costs and discount
831,000 US dollars
Noncash lease expense
1,519,000 US dollars
Change in the fair value of contingent consideration
0 US dollars
Accretion of marketable securities purchased at a discount
negative 561,000 US dollars
Deferred income taxes
negative 585,000 US dollars
Accounts receivable, net
negative 2,974,000 US dollars
Contract assets
2,165,000 US dollars
Inventories
negative 6,308,000 US dollars
Prepaids and other current assets
negative 9,617,000 US dollars
Other non-current assets
1,571,000 US dollars
Trade payables
9,779,000 US dollars
Accrued expenses
negative 2,712,000 US dollars
Employee benefits payables
negative 253,000 US dollars
Contract liabilities
negative 9,294,000 US dollars
Other current liabilities
negative 3,699,000 US dollars
Non-current lease liabilities
negative 1,670,000 US dollars
Other non-current liabilities
245,000 US dollars
Investing activities
negative 28,601,000 US dollars. Net cash used.
Purchases of property, equipment and software
negative 28,677,000 US dollars
Proceeds on disposal of assets, net
16,000 US dollars
Maturities of marketable securities
84,699,000 US dollars
Purchases of marketable securities
negative 84,639,000 US dollars
Financing activities
115,503,000 US dollars. Net cash provided.
Repayments on secured term loan
negative 2,894,000 US dollars
Proceeds from secured term loan
25,000,000 US dollars
Minimum tax withholding paid on behalf of employees for restricted stock units
negative 16,577,000 US dollars
Issuance costs related to ATM Equity Offering
negative 2,088,000 US dollars
Proceeds from ATM Equity Offering
92,806,000 US dollars
Proceeds from issuance of convertible senior notes
0 US dollars
Purchase of capped calls related to issuance of convertible senior notes
0 US dollars
Proceeds from the exercise of stock options
48,000 US dollars
Payment of debt issuance costs
negative 278,000 US dollars
Finance lease principal payments
negative 61,000 US dollars
Proceeds from sale of employees restricted stock units to cover taxes
17,310,000 US dollars
Proceeds from Employee Stock Purchase Plan
2,237,000 US dollars
Operating adjustment reconciliation
98,289,000 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
137,401,000 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
113,316,000 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
272,000 US dollars
Ending cash on Mar 31, 2025
308,251,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
391,077,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
32,949,000 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 54,225,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
28,677,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 82,902,000 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 −$60.62M + net operating adjustments $6.39M = operating cash −$54.23M. 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 54,225,000 US dollars minus 28,677,000 US dollars equals negative 82,902,000 US dollars.
ROCKET LAB USA, INC. (RKLB) FY2025 Q1 Statement of Cash Flows Sankey chart
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