PLUG Stock Cash Flow Statements

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Operating Cash Flow

Investing Cash Flow

Financing Cash Flow

Net Income

Quarterly

Annual

Quarterly Cash Flow Statements

Quarterly

Annual

Unit: USD	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2016-06-30	2016-03-31	2015-09-30	2015-06-30	2015-03-31	2014-09-30	2013-12-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2010-06-30	2010-03-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31

operating activities
net income	-642,395,000	-283,479,000	-236,398,000	-206,561,000	-223,465,000	-170,758,000	-173,296,000	-156,489,000																						-8,474,334	-10,325,464	-6,479,554	-6,583,102	-16,892,120	-12,182,585	-10,170,736	-10,249,508	-8,157,449		-20,727,686	-17,484,853	-15,176,246	-16,726,710	-11,183,007	-13,281,870	-11,876,795	-13,025,003	-12,125,919	-16,453,035	-11,867,837	-10,887,437	-12,535,153	-11,804,431	-11,683,319	-11,298,989	-11,952,088	-14,039,505	-12,405,511	-12,826,891	-13,766,895	-12,719,075
adjustments to reconcile net income to net cash from operating activities:
depreciation of long-lived assets	14,176,000	16,544,000	11,477,000	9,789,000	10,201,000	8,997,000	8,362,000	2,842,000	4,997,000	6,178,000	4,211,000	5,514,000
amortization of intangible assets	4,939,000	4,403,000	4,796,000	4,959,000	5,957,000	4,864,000	5,184,000	5,190,000	1,374,000	365,000	366,000	364,000	300,000	437,000	223,000	175,000	180,000	180,000	163,000	175,000	182,000	176,000	150,000	145,000	113,000	113,556	608,444	608,444						566,880	562,175					575,002	585,939	571,914
lower of cost or net realizable value inventory adjustment and benefit from excess and obsolete inventory
stock-based compensation	33,834,000	45,854,000	39,918,000	43,302,000	44,643,000	46,739,000	44,859,000	43,386,000	41,657,000	13,998,000	11,120,000	9,695,000	7,877,000	3,070,000	3,143,000	3,045,000	2,963,000	2,804,000	2,626,000	2,497,000	2,382,000	2,064,000	2,160,000	2,217,000	2,400,000	1,737,870	1,697,130	1,148,267						386,799	505,611	619,897	691,696	469,122	-41,471,535,494,720	1,219,825		1,412,440	1,283,923	1,388,930	427,194	1,032,446
benefit from losses on accounts receivable
loss on extinguishment of debt
deferred income tax (benefit)/expense
impairment
impairment of goodwill
loss/(benefit) on service contracts
fair value adjustment to contingent consideration
net realized loss on investments
(accretion)/amortization of premium on available-for-sale securities
lease origination costs
loss on disposal of assets
change in fair value for equity securities
loss on equity method investments
changes in operating assets and liabilities that provide (use) cash:
accounts receivable	-88,083,000	53,406,000	-89,821,000	1,730,000	-28,940,000	-33,970,000	-4,180,000	36,170,000	61,728,000	-41,011,000	-48,427,000	109,000	70,303,000	-67,611,000	-19,404,000	1,011,000	-1,056,000	1,854,000	4,870,000	4,978,000	-5,008,000	6,788,000	-1,993,000	11,966,000		-4,752,925	8,323,925							-391,103	-684,145	-195,565	379,173	399,822	1,086,600	203,246	-1,073,674	-1,577,206	644,787	-1,310,695	300,274	353,835	-316,389	250,938	181,004	-574,580	801,605	1,064,483	735,953	853,462	-1,893,805	622,536	-210,344	-310,175	953,067	624,495	-758,628
inventory	3,106,000	-142,030,000	-140,135,000	-129,572,000	-117,939,000	-86,325,000	-95,743,000	-63,702,000	-8,363,000	-19,840,000	-23,797,000	-46,791,000	-5,671,000	-19,735,000	-17,402,000	-20,581,000	8,210,000	-7,411,000	-7,716,000	-17,564,000	6,487,000	6,066,000	4,222,000	-6,398,000										-3,399,905	-351,707	-172,487	95,273	-578,997		-806,843	1,162,413	-461,539	1,171,698	-1,216,819	-845,388	44,087	471,195	-536,089	-75,669	696,345	-968,347	-817,704	73,730	-14,623	319,781	-1,242,287	135,923	-226,563	-86,599	-99,934	-188,356
contract assets
prepaid expenses and other assets	38,972,000	-15,601,000	14,700,000	-5,522,000	-9,864,000	-31,003,000	-24,547,000	-27,107,000										887,000				-284,000	-724,000	-1,832,000
accounts payable, accrued expenses, and other liabilities	501,000	21,941,000	-14,541,000	13,821,000	-24,494,000	74,289,000	63,759,000	-25,096,000	-4,084,000	24,945,000	27,563,000	-23,516,000	16,132,000	31,049,000	7,632,000	-2,933,000	6,586,000	12,061,000	4,013,000	-2,781,000	-2,657,000	-924,000
payments of contingent consideration
deferred revenue and other contract liabilities	34,705,000	1,861,000	31,586,000	-9,748,000	34,560,000	61,660,000	-27,591,000	-28,014,000
net cash from operating activities	-242,651,000	-238,908,000	-348,092,000	-276,919,000	-306,574,000	-116,936,000	-195,194,000	-209,919,000	-9,675,000	-101,866,000	-129,536,000	-117,099,000	1,434,000	-45,663,000	-51,232,000	-60,015,000	279,000	-3,313,000	-12,225,000	-36,263,000	-15,975,000	3,537,000	-8,845,000	-6,916,000										-13,500,232	-11,003,515	-8,485,575	-8,488,590	-12,807,283		-15,492,715	-13,382,416	-10,538,090	-14,622,886	-10,767,370	-13,320,089	-11,238,652	-10,480,739	-11,067,632	-9,782,714	-10,708,695	-9,209,444	-10,168,219	-8,064,173	-7,282,538	-9,904,068	-8,645,476	-10,384,861	-8,314,116	-10,834,318	-8,483,485	-10,826,448

investing activities
purchases of property, plant and equipment	-181,178,000	-164,708,000	-150,757,000	-168,565,000	-119,057,000	-159,715,000	-79,444,000	-78,394,000	-80,782,000	-58,322,000	-23,183,000	-9,879,000	-11,261,000	-6,256,000	-2,502,000	-2,507,000	-1,048,000	-1,791,000	-1,376,000	-1,468,000	-1,874,000	-925,000	-636,000	-1,889,000
purchase of intangible assets
proceeds from sales of long-lived assets
purchases of equipment related to power purchase agreements and equipment related to fuel delivered to customers
purchase of available-for-sale securities
proceeds from sales of available-for-sale securities
proceeds from maturities of available-for-sale securities
purchase of equity securities
proceeds from sales of equity securities
net cash paid for acquisitions					-30,433,000	0	0	-26,473,000					0	173,000
cash paid for non-consolidated entities and non-marketable equity securities
net cash provided by/(used in) investing activities	267,564,000
financing activities
proceeds from exercise of warrants, net of transaction costs									0	-5,000	5,000	15,445,000
proceeds from public and private offerings, net of transaction costs									3,000	5,000	0	3,587,825,000
payments of tax withholding on behalf of employees for net stock settlement of stock-based compensation
proceeds from exercise of stock options	300,000	581,000	58,000	674,000	166,000	1,315,000	529,000	291,000	2,204,000	611,000	-4,000	4,709,000	8,688,000	7,537,000	9,694,000	6,104,000	1,333,000	-321,000	124,000	81,000	46,000	25,000			35,000	-2,167	133,167
proceeds from finance obligations										21,288,000	21,498,000	10,661,000		19,890,000
principal repayments of finance obligations and finance leases
net cash provided by/(used in) financing activities	-8,330,000
effect of exchange rate changes on cash	-9,929,000	4,269,000	-43,000	-2,096,000	-4,307,000	6,962,000	-689,000	634,000	-743,000	104,000	-112,000	-51,000	155,000	-76,000	-15,000	1,000	172,000	-71,000	-13,000	-35,000	-8,000	-13,000	-9,000	77,000										-51,817	-15,892	278,075	-174,746	-36,769	-156,921,718,991	-77,877	126,381	444,994
(decrease)/increase in cash and cash equivalents				-215,769,000	-1,057,123,000	-508,198,000
increase in restricted cash
cash, cash equivalents, and restricted cash beginning of period	0	0	0	1,549,344,000	0	0	0	3,132,194,000	0	0	0	1,634,284,000	0	0	0	369,500,000	0	0	0	110,153,000	0	0
cash, cash equivalents, and restricted cash end of period	6,654,000	-390,835,000	180,019,000	1,373,306,000	-1,005,746,000	-406,587,000	-216,905,000	3,178,582,000	-720,998,000	263,629,000	-1,103,565,000	4,693,128,000	902,912,000	348,119,000	76,039,000	307,214,000	171,183,000	62,990,000	26,096,000	109,231,000	48,101,000	6,630,000
supplemental disclosure of cash flow information
cash paid for interest, net of capitalized interest of 8.1 million, 13.1 million and 4.8 million
summary of non-cash activity
recognition of right of use asset - finance leases	3,570,000	520,000	800,000	4,018,000	4,843,000	8,163,000	4,574,000	8,070,000	11,219,000	5,675,000	5,994,000	5,292,000
recognition of right of use asset - operating leases
net tangible assets (liabilities) acquired (assumed) in a business combination
common stock issued for acquisitions
intangible assets acquired in a business combination
conversion of convertible senior notes to common stock
net transfers between inventory and long-lived assets
earnouts from acquisitions paid in stock
accrued purchase of fixed assets, cash to be paid in subsequent period
settlement of liability from acquisitions
net realized (gain)/loss on investments
other-than-temporary impairment of available-for-sale securities
changes in operating assets and liabilities that provide/(use) cash:
decrease in cash and cash equivalents		-468,609,000
cash paid for interest, net of capitalized interest of 6.0 million at september 30, 2023 and 9.8 million at september 30, 2022
net tangible liabilities assumed in a business combination
net cash from investing activities			509,691,000	95,796,000	-658,721,000	-286,016,000	-8,547,000	273,914,000	-726,597,000	390,923,000	-986,838,000	-418,379,000	-23,619,000	-15,164,000	-50,196,000	-6,355,000	-5,273,000	-2,655,000	-4,042,000	-2,274,000	-2,044,000	-1,168,000	-15,206,000	-13,636,000										34,854,772	13,499,272	10,598,071	17,844,829	-53,190,885	-5,047,064,560,284,542	55,166,647	7,137,225	-223,247	-30,657,749	56,821,892	-3,141,304	-80,678,566	-87,646,490	7,840,637	-20,191,211	-25,708,548	288,709	17,028,767	-10,480,057	3,999,921	-9,507,423	-20,665,169	-950,780
net cash from financing activities			18,463,000	7,181,000	-36,144,000	-10,597,000	-12,475,000	-18,241,000	16,017,000	-25,532,000	12,921,000	3,594,373,000	924,942,000	409,022,000	177,482,000	4,083,000	176,005,000	69,029,000	42,376,000	37,650,000	66,128,000	4,274,000	23,218,000	23,396,000				-382,639						-25,782,593	-8,791,664	-3,245,506	-187,833	1,188,108		82,324	24,384	280,320			317,515	-160,221	214,641,358	-43,677	98,270	70,731,290	340,542	182,212	196,299	-16,059	239,070	421,185	55,166,123	-39,230	194,860	12,720	152,261
cash paid for interest, net of capitalized interest of 4.0 million
deferred income tax benefit
impairment of long-lived assets
cash paid for interest, net of capitalized interest of 2.0 million				7,869,000
net tangible assets acquired in a business combination
(gain)/loss on extinguishment of debt
benefit from common stock warrants recorded as a reduction to revenue
deferred income tax expense
(benefit)/loss on service contracts
amortization of premium on available-for-sale securities
repurchase of convertible senior notes
purchase of capped calls and common stock forward
proceeds from the termination of capped calls
cash paid for interest, net of capitalized interest of 13.1 million, 4.8 million and 0
net tangible assets (liablities) acquired (assumed) in a business combination
cash paid for interest, net of capitalized interest of 9.8 million
cash paid for interest, net capitalized interest of 5.8 million
benefit on service contracts
increase in cash and cash equivalents								14,345,000															-842,000	2,921,000				-12,147,120							-6,311,799	-854,935	8,993,660	-64,846,829	61,276,522	39,678,379	-6,094,426	-10,036,023	-44,747,001	46,054,522	-16,143,878	-92,077,439	116,514,129	-3,270,672	-29,875,655	34,314,047	-8,580,193	7,042,760	-18,347,931	-3,298,676	-19,172,421	-28,889,460	43,830,482	-4,444,656	-4,704,890	26,746,678	-12,984,056
cash paid for interest, net capitalized interest of 4.3 million								5,731,000
net income attributable to the company									-192,914,000	-106,671,000	-99,634,000	-60,746,000	-510,641,000	-39,379,000	-8,656,000	-37,479,000	-11,737,000	-21,229,000	-18,561,000	-33,938,000	-16,847,000	-15,565,000	-13,128,000	-11,754,000	-10,213,000	-9,225,179	-11,051,821	-9,351,034	-28,877,167
(gain) loss on extinguishment of debt
loss (benefit) on service contracts
deferred revenue									28,324,000	26,482,000	14,581,000	1,267,000	4,267,000	14,264,000	2,974,000	-591,000	1,136,000	-2,325,000	-1,322,000	-2,505,000	555,000	981,000	-670,000	-1,244,000				-2,070,538						-952,651	790,305	-622,479	-713,165	-877,475	-7,823,029,383,388	377,203	-823,540	534,199	-227,942	1,164,501	-468,800	-774,276	685,317	102,031	-260,025	-1,316,647	-484,652	-465,855	-733,067	-23,099	1,888,811	-442,350	634,104	242,625	-257,282	-1,313,299	508,420
proceeds from sales of equities
cash paid for non-consolidated entities and non marketable equity securities
proceeds from termination of capped calls
repayments of finance obligations and finance leases
increase in cash, cash equivalents and restricted cash									-720,998,000	263,629,000			902,912,000				171,183,000	62,990,000	26,096,000	-922,000
cash paid for interest, net capitalized interest of 4.8 million, 0 and 0
common stock issued for acqusitions
gain on extinguishment of debt
loss on service contracts
prepaid expenses, and other assets										-5,498,000	-18,326,000	-4,641,000		6,861,000	-1,023,000	-10,794,000				1,018,000
proceeds from sales and maturities of available-for-sale securities
net cash paid for acquisition
cash paid for interest, net capitalized interest of 2.6 million
net realized gain on investments
cash paid for interest											8,653,000	2,608,000	11,967,000	7,509,000	4,311,000	5,155,000	4,139,000	6,368,000	3,815,000	4,858,000	2,719,000	5,423,000	1,079,000	232,000	127,000	85,406	90,594
change in accounts payable related to accrued purchases of property, plant and equipment
proceeds from borrowing of long-term debt
increase/(decrease) in cash, cash equivalents and restricted cash												3,058,844,000
purchases of equipment related to ppa and equipment related to fuel delivered to customers
proceeds from issuance of preferred stock and warrants, net of transaction costs
proceeds from borrowing of long-term debt, net of transaction costs
summary of non-cash investing and financing activity
recognition of right of use assets
conversion of convertible notes to common stock
benefit from loss contracts related to service
purchase of capped calls
proceeds from sale/leaseback transactions accounted for as finance leases
increase in property, plant and equipment financed as long-term debt or financing leases
loss on disposal of leased property
proceeds from issuance of preferred stock and warrant, net of transaction costs
principal payments on short-term borrowing
issuance of common stock for acquisitions
cash flows from operating activities:
cash flows from investing activities:
cash flows from financing activities:
other supplemental cash flow information:
summary of non-cash investing and financing activity:
proceeds from sale/leaseback transactions accounted for as capital leases
noncash financing activity-conversion of preferred stock to common stock
amortization of debt issuance costs
gain on disposal of property, plant and equipment and leased property
proceeds from disposal of property, plant and equipment and leased property
gain on acquisition activity
gain on disposal of property, plant and equipment
changes in operating assets and liabilities that provide (use) cash, net of effects of acquisitions:
cash acquired in purchase acquisitions
proceeds from lease agreements recognized as finance obligations
noncash investing activity - issuance of common stock for acquisition of hypulsion
gain on bargain purchase
changes in operating assets and liabilities that provide (use) cash, net of effects of acquisition:
principal payments on obligations under capital lease and finance obligation
gain on sale of equity interest in joint venture
proceeds from sale of equity interest in joint venture
proceeds from issuance of preferred stock
preferred stock issuance costs
common stock issuance costs
repayment of borrowings under line of credit
proceeds from finance obligation
changes in operating assets and liabilities that provide (use) cash, net of effects of acquisition:
depreciation of property, plant and equipment and investment in leased property
loss on sale of leased assets
goodwill impairment charge
gain on repayable government assistance
changes in assets and liabilities:
(repayment) proceeds of borrowings under line of credit
repayment of government assistance
changes in assets and liabilities, net of effects of acquisitions:
repayment of loans due to general hydrogen shareholders																																									0	0
proceeds from borrowings under line of credit
gain on termination of repayable government assistance
principle payments on loan
cash released from escrow
(gain) loss on disposal of property, plant and equipment
goodwill impairment charge
gain on auction rate debt securities repurchase agreement
gain on settlement of repayable government assistance
repayable government assistance
stock-based compensation expense
changes in assets and liabilities, net of effects of acquired companies:
government assistance
proceeds from shares issued for stock option exercises and employee stock purchase plan																																										41,337				7,726	209,678	3,591		130,023	357,370	198,626		2,900	250,959	441,988		5,219	196,134	13,965
changes in assets and liabilities, net of effects of acquisition in 2003:
(gain)/loss on disposal of property, plant and equipment
changes in assets and liabilities, net of effects of acquisition:
prepaid development costs
amortization of deferred rent
write-off of deferred rent
due from investor
due to investor
cash released from (placed in) escrow
proceeds from stock option exercises
principal payments on capital lease obligations