Financial Statements

American Superconductor Corporation (AMSC)

$13.45

+0.55 (+4.26%)

Cash Flow Statement

All numbers are in thousands
Year XLSX
2022
XLSX
2021
XLSX
2020
XLSX
2019
XLSX
2018
Operating Cash Flow -22,485-18,977-8,681-16,49742,714
Net Income -35,041-19,193-22,678-17,09626,761
Depreciation & Amortization 5,3615,3415,3524,3084,609
Deferred income taxes 24-2,403-1,221-1,7144,476
Stock-based compensation 4,7294,6613,4851,9223,030
Change in working capital -1,390-3,7251,018-2474,179
Other non-cash items 3,832-3,6585,363-3,670-341
Investing Cash Flow -1,517-7,1632,469-36,6212,169
Investments in PPE -1,236-938-1,764-4,630-952
Acquisitions --11,479-26,0003,0013,265
Investment purchases ----35,000-3,265
Sales/Maturities of investments -5,18930,152-3,001127
Other Investing Activites -28165813,0092,994
Financing Cash Flow 16214250,8285,776-299
Debt repayment -73-53---
Dividends payments --2,761---
Common Stock Repurchased --4612,433-565-456
Common Stock Issuance 6232,76151,477294457
Other Financing Activites -388241-13,0826,047-300
Accounts receivables -10,360-3,7605,193-9,159-529
Accounts payables 8,6604,695-4,2246,2672,839
Inventory -14,796-3,3078,106-8,1435,007
Other working capital 15,106-1,353-8,05710,788-3,138
Cash at beginning of period 49,48675,53930,86478,19834,249
Cash at end of period 25,67549,48675,53930,86478,198
Capital Expenditure -1,236-938-1,764-4,630-952
Effect of forex changes on cash 29-55598-635
Net cash flow / Change in cash -23,811-26,05344,675-47,33443,949
Free Cash Flow -23,721-19,915-10,445-21,12741,762

American Superconductor Corporation income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes American Superconductor Corporation FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.