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

- Company: ROCKET LAB USA, INC. (RKLB)
- Period: 2025-01-01 to 2025-03-31
- Filing: Q1 FY2025 10-Q, filed 2025-05-08, accession number 0001628280-25-023857
- Page: https://plicit.ai/financials/rklb/fy2025-q1-cash-flow
- Chart image: https://plicit.ai/charts/rklb-fy2025-q1-cash-flow-sankey.png

## Chart details

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.