Space Exploration Technologies Corp. (SPCX) FY2026 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-07-01 to 2026-09-30

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Space Exploration Technologies Corp. cash flow reconciliation, Jul 1, 2026 through Sep 30, 2026One 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. Calculated remaining financing cash flows are purple; remaining operating and investing bundles are gray. Their underlying inflows and outflows are not separately identified. 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.Net loss → Net cash from operating activities: $4,404,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $3,644,000,000.00Deferred revenue → Operating adjustments reconciliation: $2,753,000,000.00Share-based compensation → Operating adjustments reconciliation: $2,363,000,000.00Other liabilities, net → Operating adjustments reconciliation: $1,864,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $5,227,000,000.00Operating adjustments reconciliation → Prepaid expenses and other assets: $1,407,000,000.00Operating adjustments reconciliation → Accounts payable: $882,000,000.00Operating adjustments reconciliation → Accounts receivable: $879,000,000.00Operating adjustments reconciliation → Remaining operating cash flows, net (calculated): $572,000,000.00Operating adjustments reconciliation → Inventory: $554,000,000.00Operating adjustments reconciliation → Unrealized (gain) loss on digital assets: $475,000,000.00Operating adjustments reconciliation → Deferred income taxes: $446,000,000.00Operating adjustments reconciliation → Other: $182,000,000.00Maturities of marketable securities → investing reconciliation: $1,910,000,000.00Cash received from acquisition of businesses → investing reconciliation: $514,000,000.00Proceeds from product rebates → investing reconciliation: $177,000,000.00Proceeds from sales of marketable securities → investing reconciliation: $77,000,000.00Other investing activities, net → investing reconciliation: $5,000,000.00investing reconciliation → Purchases of marketable securities: $33,204,000,000.00investing reconciliation → Purchases of property, plant, and equipment (related party of $480 and $285 for September 30, 2026 and 2025, respectively): $19,593,000,000.00investing reconciliation → Payments for intangible assets: $10,000,000.00Net cash used in financing activities → financing reconciliation: $472,000,000.00Proceeds from employee equity award plans → financing reconciliation: $52,000,000.00Proceeds from debt and other financing obligations → financing reconciliation: $22,000,000.00financing reconciliation → Repayments on debt and other financing obligations: $449,000,000.00financing reconciliation → Principal repayments on finance leases: $97,000,000.00Net cash used in investing activities → investing reconciliation: $50,124,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $94,352,000,000.00Net cash from operating activities → Cash sources and uses: $9,631,000,000.00Cash sources and uses → Exchange-rate effect: $1,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $53,386,000,000.00Cash sources and uses → Net cash used in investing activities: $50,124,000,000.00Cash sources and uses → Net cash used in financing activities: $472,000,000.00Net loss: $4,404,000,000.00Net loss+$4.40 BDepreciation and amortization: $3,644,000,000.00Depreciation & amortization+$3.64 BShare-based compensation: $2,363,000,000.00Stock-based compensation+$2.36 BDeferred income taxes: -$446,000,000.00Deferred taxes & credits−$446.00 MUnrealized (gain) loss on digital assets: -$475,000,000.00Crypto collateral gain & loss−$475.00 MLoss on debt extinguishment: -$0.00Other: -$182,000,000.00Other non-cash items−$182.00 MAccounts receivable: -$879,000,000.00Accounts receivable−$879.00 MInventory: -$554,000,000.00Inventories−$554.00 MPrepaid expenses and other assets: -$1,407,000,000.00Prepaid & other assets−$1.41 BAccounts payable: -$882,000,000.00Accounts payable−$882.00 MDeferred revenue: $2,753,000,000.00Deferred revenue+$2.75 BOther liabilities, net: $1,864,000,000.00Other operating liabilities+$1.86 BRemaining operating cash flows, net (calculated): -$572,000,000.00Remaining operating (calculated)−$572.00 MNet cash from operating activities: $9,631,000,000.00Operating cash+$9.63 BOperating adjustments reconciliation: $10,624,000,000.00Principal repayments on finance leases: -$97,000,000.00Finance lease payments−$97.00 MProceeds from debt and other financing obligations: $22,000,000.00Long-term debt issued+$22.00 MPayment of debt issuance costs: $0.00Repayments on debt and other financing obligations: -$449,000,000.00Long-term debt repaid−$449.00 MPayment of debt extinguishment premium: $0.00Proceeds from issuance of capital stock, net of issuance costs: $0.00Proceeds from employee equity award plans: $52,000,000.00Employee stock plans & options+$52.00 MPayments for repurchase of common and redeemable convertible preferred stock: $0.00Taxes paid related to net share settlement of equity awards: $0.00Proceeds from IPO, net of underwriting commissions and offering costs: $0.00Net cash used in financing activities: -$472,000,000.00. Cash required to fund net payments.Financing cash−$472.00 Mfinancing reconciliation: $546,000,000.00Purchases of property, plant, and equipment (related party of $480 and $285 for September 30, 2026 and 2025, respectively): -$19,593,000,000.00PP&E purchases−$19.59 BCapitalized interest: $0.00Proceeds from product rebates: $177,000,000.00Proceeds from product rebates+$177.00 MPurchases of marketable securities: -$33,204,000,000.00Marketable securities purchases−$33.20 BMaturities of marketable securities: $1,910,000,000.00Maturities of marketable securities+$1.91 BProceeds from sales of marketable securities: $77,000,000.00Proceeds from sales of marketable securities+$77.00 MPayments for intangible assets: -$10,000,000.00Intangible asset purchases−$10.00 MCash received from acquisition of businesses: $514,000,000.00Cash acquired+$514.00 MOther investing activities, net: $5,000,000.00Other investing, net+$5.00 MNet cash used in investing activities: -$50,124,000,000.00. Cash required to fund net payments.Investing cash−$50.12 Binvesting reconciliation: $52,807,000,000.00Cash sources and uses: $103,983,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $94,352,000,000.00Beginning cash$94.35 BEnding cash: Cash, cash equivalents, and restricted cash: $53,386,000,000.00Ending cash$53.39 BExchange-rate effect: -$1,000,000.00FX effect−$1.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow−$9.96 BOperating cash − cash spent on PP&ECash flow / Net income2.19×Operating cash flow ÷ net incomeNet cash change−$40.97 BEnding cash − beginning cash
Chart details

Space Exploration Technologies Corp. cash flow reconciliation, Jul 1, 2026 through Sep 30, 2026

Cash flows for Jul 1, 2026 through Sep 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jun 30, 2026. Ending cash: Sep 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Jun 30, 2026
94,352,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
9,631,000,000 US dollars. Net cash provided. The remaining amount is calculated by subtracting the other displayed items from the operating total. This quarter is the year to date less the prior quarter's year to date. The prior quarter reported part of this section under different lines (Impairment and loss on disposal of fixed assets, net), so Unrealized gain on investments in unconsolidated affiliates, net cannot be separated for this quarter. It may combine inflows and outflows.
Net loss
4,404,000,000 US dollars
Depreciation and amortization
3,644,000,000 US dollars
Share-based compensation
2,363,000,000 US dollars
Deferred income taxes
negative 446,000,000 US dollars
Unrealized (gain) loss on digital assets
negative 475,000,000 US dollars
Loss on debt extinguishment
0 US dollars
Other
negative 182,000,000 US dollars
Accounts receivable
negative 879,000,000 US dollars
Inventory
negative 554,000,000 US dollars
Prepaid expenses and other assets
negative 1,407,000,000 US dollars
Accounts payable
negative 882,000,000 US dollars
Deferred revenue
2,753,000,000 US dollars
Other liabilities, net
1,864,000,000 US dollars
Remaining operating cash flows, net (calculated)
negative 572,000,000 US dollars
Investing activities
negative 50,124,000,000 US dollars. Net cash used.
Purchases of property, plant, and equipment (related party of $480 and $285 for September 30, 2026 and 2025, respectively)
negative 19,593,000,000 US dollars
Capitalized interest
0 US dollars
Proceeds from product rebates
177,000,000 US dollars
Purchases of marketable securities
negative 33,204,000,000 US dollars
Maturities of marketable securities
1,910,000,000 US dollars
Proceeds from sales of marketable securities
77,000,000 US dollars
Payments for intangible assets
negative 10,000,000 US dollars
Cash received from acquisition of businesses
514,000,000 US dollars
Other investing activities, net
5,000,000 US dollars
Financing activities
negative 472,000,000 US dollars. Net cash used.
Principal repayments on finance leases
negative 97,000,000 US dollars
Proceeds from debt and other financing obligations
22,000,000 US dollars
Payment of debt issuance costs
0 US dollars
Repayments on debt and other financing obligations
negative 449,000,000 US dollars
Payment of debt extinguishment premium
0 US dollars
Proceeds from issuance of capital stock, net of issuance costs
0 US dollars
Proceeds from employee equity award plans
52,000,000 US dollars
Payments for repurchase of common and redeemable convertible preferred stock
0 US dollars
Taxes paid related to net share settlement of equity awards
0 US dollars
Proceeds from IPO, net of underwriting commissions and offering costs
0 US dollars
Operating adjustment reconciliation
10,624,000,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
financing gross reconciliation
546,000,000 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
52,807,000,000 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 1,000,000 US dollars
Ending cash on Sep 30, 2026
53,386,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
103,983,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 40,966,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
2.19×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
9,631,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
19,593,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 9,962,000,000 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 income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $5.23B after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • 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: 9,631,000,000 US dollars minus 19,593,000,000 US dollars equals negative 9,962,000,000 US dollars.
Space Exploration Technologies Corp. (SPCX) FY2026 Q3 Statement of Cash Flows Sankey chart
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