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

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-09-30

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Space Exploration Technologies Corp. cash flow reconciliation, Jan 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. 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.Depreciation and amortization → operating reconciliation: $8,934,000,000.00Deferred revenue → operating reconciliation: $4,922,000,000.00Share-based compensation → operating reconciliation: $3,833,000,000.00Other liabilities, net → operating reconciliation: $1,991,000,000.00Loss on debt extinguishment → operating reconciliation: $1,545,000,000.00Unrealized (gain) loss on digital assets → operating reconciliation: $64,000,000.00operating reconciliation → Net cash from operating activities: $13,097,000,000.00operating reconciliation → Net loss: $413,000,000.00operating reconciliation → Accounts receivable: $2,882,000,000.00operating reconciliation → Inventory: $1,381,000,000.00operating reconciliation → Prepaid expenses and other assets: $1,305,000,000.00operating reconciliation → Accounts payable: $970,000,000.00operating reconciliation → Unrealized gain on investments in unconsolidated affiliates, net: $532,000,000.00operating reconciliation → Deferred income taxes: $455,000,000.00operating reconciliation → Other: $254,000,000.00Proceeds from IPO, net of underwriting commissions and offering costs → financing reconciliation: $85,675,000,000.00Proceeds from debt and other financing obligations → financing reconciliation: $51,834,000,000.00Proceeds from issuance of capital stock, net of issuance costs → financing reconciliation: $8,319,000,000.00Proceeds from employee equity award plans → financing reconciliation: $368,000,000.00financing reconciliation → Net cash from financing activities: $99,819,000,000.00financing reconciliation → Repayments on debt and other financing obligations: $39,845,000,000.00financing reconciliation → Payments for repurchase of common and redeemable convertible preferred stock: $4,426,000,000.00financing reconciliation → Payment of debt extinguishment premium: $1,153,000,000.00financing reconciliation → Taxes paid related to net share settlement of equity awards: $559,000,000.00financing reconciliation → Principal repayments on finance leases: $270,000,000.00financing reconciliation → Payment of debt issuance costs: $124,000,000.00Maturities of marketable securities → investing reconciliation: $9,158,000,000.00Proceeds from product rebates → investing reconciliation: $1,372,000,000.00Cash received from acquisition of businesses → investing reconciliation: $514,000,000.00Proceeds from sales of marketable securities → investing reconciliation: $77,000,000.00Other investing activities, net → investing reconciliation: $57,000,000.00investing reconciliation → Purchases of property, plant, and equipment (related party of $480 and $285 for September 30, 2026 and 2025, respectively): $48,069,000,000.00investing reconciliation → Purchases of marketable securities: $46,834,000,000.00investing reconciliation → Payments for intangible assets: $866,000,000.00investing reconciliation → Capitalized interest: $20,000,000.00Net cash used in investing activities → investing reconciliation: $84,611,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $25,124,000,000.00Net cash from operating activities → Cash sources and uses: $13,097,000,000.00Net cash from financing activities → Cash sources and uses: $99,819,000,000.00Cash sources and uses → Exchange-rate effect: $43,000,000.00Cash 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: $84,611,000,000.00Net loss: -$413,000,000.00Net loss−$413.00 MDepreciation and amortization: $8,934,000,000.00Depreciation & amortization+$8.93 BShare-based compensation: $3,833,000,000.00Stock-based compensation+$3.83 BDeferred income taxes: -$455,000,000.00Deferred taxes & credits−$455.00 MUnrealized (gain) loss on digital assets: $64,000,000.00Crypto collateral gain & loss+$64.00 MUnrealized gain on investments in unconsolidated affiliates, net: -$532,000,000.00Unrealized gain on investments in unconsolidatedaffiliates, net−$532.00 MLoss on debt extinguishment: $1,545,000,000.00Debt extinguishment gain & loss+$1.55 BOther: -$254,000,000.00Other non-cash items−$254.00 MAccounts receivable: -$2,882,000,000.00Accounts receivable−$2.88 BInventory: -$1,381,000,000.00Inventories−$1.38 BPrepaid expenses and other assets: -$1,305,000,000.00Prepaid & other assets−$1.31 BAccounts payable: -$970,000,000.00Accounts payable−$970.00 MDeferred revenue: $4,922,000,000.00Deferred revenue+$4.92 BOther liabilities, net: $1,991,000,000.00Other operating liabilities+$1.99 BNet cash from operating activities: $13,097,000,000.00Operating cash+$13.10 Boperating reconciliation: $21,289,000,000.00Principal repayments on finance leases: -$270,000,000.00Finance lease payments−$270.00 MProceeds from debt and other financing obligations: $51,834,000,000.00Long-term debt issued+$51.83 BPayment of debt issuance costs: -$124,000,000.00Debt issuance costs−$124.00 MRepayments on debt and other financing obligations: -$39,845,000,000.00Long-term debt repaid−$39.85 BPayment of debt extinguishment premium: -$1,153,000,000.00Debt extinguishment costs−$1.15 BProceeds from issuance of capital stock, net of issuance costs: $8,319,000,000.00Proceeds from issuance of capital stock, net ofissuance costs+$8.32 BProceeds from employee equity award plans: $368,000,000.00Employee stock plans & options+$368.00 MPayments for repurchase of common and redeemable convertible preferred stock: -$4,426,000,000.00Equity repurchases−$4.43 BTaxes paid related to net share settlement of equity awards: -$559,000,000.00Stock-award tax withholding−$559.00 MProceeds from IPO, net of underwriting commissions and offering costs: $85,675,000,000.00IPO proceeds, net+$85.68 BNet cash from financing activities: $99,819,000,000.00Financing cash+$99.82 Bfinancing reconciliation: $146,196,000,000.00Purchases of property, plant, and equipment (related party of $480 and $285 for September 30, 2026 and 2025, respectively): -$48,069,000,000.00PP&E purchases−$48.07 BCapitalized interest: -$20,000,000.00Capitalized interest−$20.00 MProceeds from product rebates: $1,372,000,000.00Proceeds from product rebates+$1.37 BPurchases of marketable securities: -$46,834,000,000.00Marketable securities purchases−$46.83 BMaturities of marketable securities: $9,158,000,000.00Maturities of marketable securities+$9.16 BProceeds from sales of marketable securities: $77,000,000.00Proceeds from sales of marketable securities+$77.00 MPayments for intangible assets: -$866,000,000.00Intangible asset purchases−$866.00 MCash received from acquisition of businesses: $514,000,000.00Cash acquired+$514.00 MOther investing activities, net: $57,000,000.00Other investing, net+$57.00 MNet cash used in investing activities: -$84,611,000,000.00. Cash required to fund net payments.Investing cash−$84.61 Binvesting reconciliation: $95,789,000,000.00Cash sources and uses: $138,040,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $25,124,000,000.00Beginning cash$25.12 BEnding cash: Cash, cash equivalents, and restricted cash: $53,386,000,000.00Ending cash$53.39 BExchange-rate effect: -$43,000,000.00FX effect−$43.00 MCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsNet loss −$413.00M + net operating adjustments $13.51B = operating cash +$13.10BFree cash flow−$34.97 BOperating cash − cash spent on PP&ECash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change+$28.26 BEnding cash − beginning cash
Chart details

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

Cash flows for Jan 1, 2026 through Sep 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. 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 Dec 31, 2025
25,124,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
13,097,000,000 US dollars. Net cash provided.
Net loss
negative 413,000,000 US dollars
Depreciation and amortization
8,934,000,000 US dollars
Share-based compensation
3,833,000,000 US dollars
Deferred income taxes
negative 455,000,000 US dollars
Unrealized (gain) loss on digital assets
64,000,000 US dollars
Unrealized gain on investments in unconsolidated affiliates, net
negative 532,000,000 US dollars
Loss on debt extinguishment
1,545,000,000 US dollars
Other
negative 254,000,000 US dollars
Accounts receivable
negative 2,882,000,000 US dollars
Inventory
negative 1,381,000,000 US dollars
Prepaid expenses and other assets
negative 1,305,000,000 US dollars
Accounts payable
negative 970,000,000 US dollars
Deferred revenue
4,922,000,000 US dollars
Other liabilities, net
1,991,000,000 US dollars
Investing activities
negative 84,611,000,000 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 48,069,000,000 US dollars
Capitalized interest
negative 20,000,000 US dollars
Proceeds from product rebates
1,372,000,000 US dollars
Purchases of marketable securities
negative 46,834,000,000 US dollars
Maturities of marketable securities
9,158,000,000 US dollars
Proceeds from sales of marketable securities
77,000,000 US dollars
Payments for intangible assets
negative 866,000,000 US dollars
Cash received from acquisition of businesses
514,000,000 US dollars
Other investing activities, net
57,000,000 US dollars
Financing activities
99,819,000,000 US dollars. Net cash provided.
Principal repayments on finance leases
negative 270,000,000 US dollars
Proceeds from debt and other financing obligations
51,834,000,000 US dollars
Payment of debt issuance costs
negative 124,000,000 US dollars
Repayments on debt and other financing obligations
negative 39,845,000,000 US dollars
Payment of debt extinguishment premium
negative 1,153,000,000 US dollars
Proceeds from issuance of capital stock, net of issuance costs
8,319,000,000 US dollars
Proceeds from employee equity award plans
368,000,000 US dollars
Payments for repurchase of common and redeemable convertible preferred stock
negative 4,426,000,000 US dollars
Taxes paid related to net share settlement of equity awards
negative 559,000,000 US dollars
Proceeds from IPO, net of underwriting commissions and offering costs
85,675,000,000 US dollars
Operating adjustment reconciliation
21,289,000,000 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
146,196,000,000 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
95,789,000,000 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 43,000,000 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
138,040,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
28,262,000,000 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
13,097,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
48,069,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 34,972,000,000 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 loss −$413.00M + net operating adjustments $13.51B = operating cash +$13.10B. 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: 13,097,000,000 US dollars minus 48,069,000,000 US dollars equals negative 34,972,000,000 US dollars.
Space Exploration Technologies Corp. (SPCX) FY2026 YTD Q3 Statement of Cash Flows Sankey chart
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