Capstone Green Energy Holdings Inc
For the period ended Mar 31, 2024. Filed Sep 27, 2024.
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FY2024 · Filed Sep 27, 2024
CEPL$3.06+3.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Year Ended March 31, | ||||||
| · · 2024 · · 2023 | ||||||
| Cash Flows from Operating Activities: | | | | | | |
| Net income (loss) | | $7,392 | | $(24,522) | ||
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | | | | | | |
| Depreciation and amortization | | 3,988 | | | 3,177 | |
| Amortization of financing costs and discounts | | 53 | | | 68 | |
| Paid-in-kind interest expense | | | 1,957 | | | — |
| Non-cash lease expense | | | 3,431 | | | 1,330 |
| Provision for credit loss expense | | 439 | | | 4,277 | |
| Inventory write-down | | 779 | | | 961 | |
| Provision for warranty expenses | | 32 | | | 592 | |
| Stock-based compensation | | 2,057 | | | 863 | |
| Non-cash reorganization items, net | | | (35,255) | | | — |
| Changes in operating assets and liabilities: | | | | | | |
| Accounts receivable | | (571) | | | 4,060 | |
| Inventories | | 15,382 | | | (11,521) | |
| Prepaid expenses, other current assets and other assets | | 871 | | | (1,210) | |
| Accounts payable and accrued expenses | | (8,754) | | | 5,660 | |
| Operating lease liability, net | | | (3,413) | | | (1,304) |
| Accrued salaries and wages and long-term liabilities | | 15 | | | 77 | |
| Accrued warranty reserve | | (171) | | | (499) | |
| Deferred revenue | | (12,305) | | | 8,373 | |
| Factory protection plan liability | | | (3,585) | | | 1,674 |
| Net cash used in operating activities | | (27,658) | | (7,944) | ||
| Cash Flows from Investing Activities: | | | | | | |
| Expenditures for property, plant, equipment and rental assets | | (4,674) | | | (8,222) | |
| Net cash used in investing activities | | (4,674) | | (8,222) | ||
| Cash Flows from Financing Activities: | | | | | | |
| Proceeds from debtors-in-process facility | | 12,000 | | | — | |
| Proceeds from three-year term note | | | 3,000 | | | — |
| Proceeds from exit new money note | | | 7,000 | | | — |
| Debt issuance costs | | | (244) | | | — |
| Repayment of finance lease obligations | | (178) | | | (804) | |
| Net proceeds from issuance of common stock and warrants | | — | | | 7,250 | |
| Net cash provided by financing activities | | 21,578 | | 6,446 | ||
| Net decrease in Cash | | (10,754) | | (9,720) | ||
| Cash, Beginning of Period | | 12,839 | | 22,559 | ||
| Cash, End of Period | | $2,085 | | $12,839 | ||
| Supplemental Disclosures of Cash Flow Information: | | | | | | |
| Cash paid during the period for: | | | | | | |
| Interest | | $1,620 | | $5,701 | ||
| Income taxes | | $14 | | $13 | ||
| Supplemental Disclosures of Non-Cash Information: | | | | | | |
| Acquisition of property and equipment through accounts payable | | $— | | $29 | ||
| Renewal of insurance contracts financed by notes payable | | $648 | | $665 | ||
| Deemed dividend | | $— | | $97 | ||
| Right-of-use assets obtained in exchange for lease obligations | | $7,348 | | $8,170 | ||
| Settlement of lease obligations with accounts receivable due | | $502 | | $— | ||
| Conversion of inventory to rental assets | | $280 | | $— | ||
| Conversion of prepaid expenses to rental assets | | $623 | | $— | ||
| Paid-in-kind debt discount in connection with the three-year term note | | $500 | | $— | ||
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