Plug power inc (PLUG)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Operating Activities
Net loss attributable to the Company

-91,992

-85,465

-90,575

-84,911

-89,232

-78,115

-80,707

-106,125

-122,876

-127,080

-126,852

-99,263

-69,772

-57,487

-63,476

-60,295

-56,393

-55,690

-37,647

-36,785

-23,681

-88,488

-110,208

-116,752

-129,950

-62,670

-42,266

-36,696

-33,855

-31,862

-30,555

-26,520

-26,793

-27,453

0

0

0

Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation of property, plant and equipment, and leased property

12,063

11,989

11,366

10,715

11,010

11,014

11,186

10,802

9,968

9,190

8,334

7,305

6,081

4,650

3,437

2,565

2,102

2,006

1,989

1,976

1,963

1,946

1,913

1,902

1,820

1,908

2,043

2,038

2,128

2,069

1,991

2,054

2,113

2,132

0

0

0

Amortization of intangible assets

698

698

693

696

710

693

650

638

608

593

590

585

588

590

589

554

518

981

1,443

1,939

2,433

2,391

2,349

2,302

2,263

2,271

2,284

2,299

2,304

2,306

2,295

2,301

2,317

2,322

0

0

0

Stock-based compensation

11,438

10,890

10,309

9,569

9,263

8,771

8,310

8,742

8,752

9,209

9,833

9,705

9,535

9,290

8,727

8,759

8,337

7,817

7,589

6,337

5,205

4,157

3,007

2,416

2,324

2,181

2,078

1,999

1,983

2,001

1,350

1,472

1,584

1,452

0

0

0

Provision for bad debts and other assets

-

1,981

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt issuance costs and discount on convertible senior notes

9,068

8,821

8,168

8,249

8,437

6,347

4,710

2,912

1,002

770

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for common stock warrants

-7,886

-6,513

-12,502

-10,046

-9,498

-10,190

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of leased property

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-51

0

0

0

-

-

-

-

Change in fair value of common stock warrant liability

-

79

985

2,274

902

4,286

4,574

980

-11,650

-15,188

-16,819

-12,966

786

4,344

3,767

3,959

3,170

3,661

10,714

-108,680

-118,924

-52,260

-79,301

29,718

33,462

-37,102

-15,052

-5,411

1,475

4,845

0

0

0

-

-

-

-

Income tax benefit

-

-

-

-

-

-9,217

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Realized loss on available for sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Changes in operating assets and liabilities that provide (use) cash:
Accounts receivable

-6,679

-10,646

-6,694

-11,628

1,765

14,398

-21,605

22,784

22,627

9,951

42,310

4,038

-2,335

-9,280

-6,542

-764

1,996

5,638

2,598

-3,937

1,113

9,350

10,416

11,796

3,876

2,408

-3,360

-6,777

-10,503

-9,367

-15,949

-11,390

-9,742

-9,192

0

0

0

Inventory

27,498

24,481

26,204

12,727

-49

-19,041

-8,465

-415

13,622

18,836

8,893

7,775

-5,424

-2,812

3,992

1,274

6,292

7,251

9,111

13,126

14,987

9,168

6,995

6,006

4,933

1,856

-137

2,182

2,000

1,294

9,391

4,759

268

1,438

0

0

0

Prepaid expenses, and other assets

19,922

8,110

5,499

6,670

5,012

4,654

-4,019

-3,647

-1,964

-2,157

-573

-203

-999

2,386

7,062

13,627

12,506

11,592

9,505

4,474

7,112

7,156

5,461

3,069

717

-137

567

770

903

94

-832

-795

-675

-310

0

0

0

Note receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-62

-61

-91

-61

0

0

0

-

-

-

-

-

-

-

-

Accounts payable, accrued expenses, and other liabilities

19,727

19,879

10,636

-2,349

-10,981

-10,266

-2,703

11,491

17,700

11,430

10,184

-2,159

405

11,164

9,393

14,936

12,797

7,214

10,112

5,485

8,773

10,818

5,956

4,473

-3,898

-2,140

-2,938

-477

3,678

914

3,600

2,665

-836

-1,101

0

0

0

Accrual for loss contracts related to service

-

-

-

-

-

-

-

-

-

-

-

-

-

8,227

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-3,102

-5,016

-5,597

-2,291

3,404

5,637

5,361

16,178

12,340

11,290

17,730

5,811

4,606

4,684

6,218

6,943

7,656

8,374

1,212

-1,462

1,859

2,746

1,454

3,512

829

1,702

1,471

2,127

1,562

1,770

3,849

3,351

3,017

1,192

0

0

0

Net cash used in operating activities

-75,252

-51,500

-67,776

-60,926

-69,852

-57,617

-20,530

-47,026

-60,351

-60,182

-81,261

-72,210

-46,579

-29,636

-39,647

-38,780

-40,545

-47,274

-47,051

-45,101

-45,537

-40,780

-39,961

-35,882

-29,834

-26,881

-22,561

-22,691

-22,622

-20,164

-29,705

-28,544

-29,570

-33,310

0

0

0

Purchases of property, plant and equipment

6,722

5,683

6,509

5,643

5,584

5,142

5,538

5,376

4,813

4,090

2,099

1,275

1,157

2,743

3,082

4,657

5,180

3,520

3,115

2,277

1,355

1,413

1,166

564

399

111

0

0

0

-

-

-

-

-1,326

0

0

0

Purchases for construction of leased property

9,574

6,532

2,971

2,350

11,030

13,501

27,183

33,923

34,214

40,273

39,129

48,503

52,921

55,332

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,741

36,261

46,648

47,335

0

0

0

-

-

-

-

500

0

0

0

-

-

-

-

-

-

-

-

Proceeds from disposal of property, plant and equipment and leased property

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

63

0

0

0

-

-

-

-

Proceeds from maturities and sales of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,399

0

0

0

Net cash used in investing activities

-18,281

-14,200

-11,015

-9,528

-17,543

-19,572

-33,600

-40,178

-39,027

-44,363

-41,228

-49,778

-54,078

-58,075

-46,071

-29,480

-15,431

-2,024

-1,302

-2,268

-907

-965

-692

-95

2,923

3,208

3,367

3,189

-73

-13

-402

956

943

10,318

0

0

0

Financing Activities
Proceeds from issuance of preferred stock and warrants, net of transaction costs

-

14,089

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-158

0

0

0

Proceeds from public offerings, net of transaction costs

-

158,400

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

176,700

176,700

188,250

63,950

14,808

0

0

0

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

7,240

1,217

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

167

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of capped call and common stock forward

-

-

-

-

-

43,500

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on long-term debt

12,962

24,800

25,432

27,990

28,694

16,190

19,975

16,735

16,891

12,292

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Proceeds from long-term debt

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from short-term borrowing, net of transaction costs

-

-

-

-

-

-

-

-

-

-

-

-

-

23,673

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,600

0

0

0

-

-

-

-

-

-

-

-

Repayments of finance obligations

13,896

61,700

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,977

10,976

11,967

5,998

1,934

1,934

943

-1,432

1,402

0

0

0

-

-

-

-

Proceeds from issuance of common stock and warrants, net of transaction costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Repayment of borrowings under line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,381

9,810

10,810

4,048

2,024

0

0

0

-

-

-

-

Payments for redemption of preferred stock

-

-

-

-

-

-

-

-

-

3,700

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in finance obligations

0

-

-

-

-

95,856

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of warrants, net of transaction costs

-

-

-

-

-

-

-

-

0

-

-

-

-

111

0

0

0

-

-

-

-

18,340

21,593

21,570

23,979

6,103

0

0

0

-

-

-

-

-

-

-

-

Increase in finance obligations

-

-

-

-

-

-

-

-

0

-

-

-

30,820

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on obligations under capital lease

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

758

739

1,044

699

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by financing activities

291,493

325,060

215,228

150,428

107,795

119,344

59,642

88,350

122,335

71,616

88,502

62,266

51,756

76,672

43,295

25,116

-8,733

-32,923

-23,149

-12,099

114,725

182,923

186,205

197,219

85,712

19,368

20,692

11,060

6,371

15,701

16,790

16,317

36,486

25,929

0

0

0

Effect of exchange rate changes on cash

89

53

-127

-69

-138

-57

13

154

359

348

193

-31

-163

-121

0

0

0

-

-

-

-

-

-

-44

-71

-48

-0

0

-1

1

-22

-29

-32

-35

0

0

0

Decrease in cash, cash equivalents and restricted cash

197,983

259,347

136,265

79,905

20,262

42,098

5,525

1,300

23,316

-32,581

-33,794

-59,753

-49,064

-11,160

-42,523

-43,099

-64,655

-82,244

-71,453

-59,470

68,279

141,178

145,502

161,198

58,754

-4,353

1,498

-8,440

-16,326

-4,476

-13,340

-11,299

7,827

2,901

0

0

0

Supplemental disclosure of cash flow information
Cash paid for interest

19,477

19,180

17,760

16,815

15,361

13,057

12,924

9,858

9,443

8,791

12,905

10,800

9,933

8,263

1,813

1,688

694

553

399

388

408

433

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Summary of non-cash investing and financing activity
Recognition of right of use asset

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Conversion of preferred stock to common stock

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-