Eos Energy Enterprises Inc
For the period ended Dec 31, 2024. Filed Mar 4, 2025.
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FY2024 · Filed Mar 4, 2025
EOSE$1.74-7.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Cash Flows for the Years Ended
EOS ENERGY ENTERPRISES, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands, except share and per share amounts)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net loss | $(685,870) | $(229,506) |
| Adjustment to reconcile net loss to net cash used in operating activities | ||
| Stock-based compensation | 18,780 | 14,057 |
| Depreciation and amortization | 7,899 | 9,751 |
| Loss from write-down of property, plant and equipment | 9,133 | 7,159 |
| Amortization of right-of-use assets | 1,233 | 1,023 |
| Non-cash interest expense | 5,333 | 4,972 |
| Non-cash interest expense - related parties | 19,499 | 36,903 |
| (Gain) loss on debt extinguishment | (68,478) | 3,510 |
| Change in fair value of debt - related party | (33,823) | — |
| Change in fair value of warrants | 171,226 | 24,980 |
| Change in fair value of derivatives - related parties | 405,388 | (9,983) |
| Other | 12,984 | 1,850 |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses | 144 | 1,207 |
| Inventory | (20,498) | 6,190 |
| Accounts receivable | 349 | (1,713) |
| Vendor deposits | 350 | (2,377) |
| Contract assets | (5,737) | (6,322) |
| Grant receivable | 973 | (2,993) |
| Accounts payable | (4,565) | (11,475) |
| Accrued expenses | (14,687) | 19,349 |
| Operating lease liabilities | (1,448) | (1,130) |
| Contract liabilities | 19,739 | 1,804 |
| Other receivables | 7,500 | (7,500) |
| Other | 640 | (4,774) |
| Net cash used in operating activities | (153,936) | (145,018) |
| Cash flows from investing activities | ||
| Purchases of intangible assets | (34) | (138) |
| Purchases of property, plant and equipment | (33,152) | (29,323) |
| Net cash used in investing activities | (33,186) | (29,461) |
| Cash flows from financing activities | ||
| Proceeds received from Credit and Securities Purchase Transaction, net - related party | 160,325 | — |
| Proceeds received from DOE Loan, net of fees paid to lender | 66,614 | — |
| Proceeds from issuance of convertible notes payable – related party, net of discount | — | 48,050 |
| Payment of debt issuance costs - related party | (12,238) | (1,116) |
| Payoff of Senior Secured Term Loan | (19,946) | — |
| Payment of debt issuance costs | (5,905) | (3,046) |
| Principal payments on finance lease obligations | (99) | (96) |
EOS ENERGY ENTERPRISES, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands, except share and per share amounts)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Repayment of equipment financing facility | (3,326) | (2,867) |
| Proceeds from issuance of common stock | 14,089 | 92,916 |
| Proceeds from issuance of common stock and warrants | — | 99,251 |
| Payment of equity issuance costs | — | (5,003) |
| Proceeds from exercise of stock options | 56 | 462 |
| Proceeds from exercise of warrants | 7,492 | — |
| Repurchase of shares from employees for income tax withholding purposes | (1,228) | (633) |
| Net cash provided by financing activities | 205,834 | 227,918 |
| Effect of foreign exchange on cash, cash equivalents and restricted cash | (17) | 5 |
| Net increase in cash, cash equivalents and restricted cash | 18,695 | 53,444 |
| Cash, cash equivalents and restricted cash, beginning of year | 84,667 | 31,223 |
| Cash, cash equivalents and restricted cash, end of year | $103,362 | $84,667 |
| Non-cash investing and financing activities: | ||
| Right-of-use operating lease assets in exchange for lease liabilities | $109 | $718 |
| Fixed assets acquired with finance lease | — | 125 |
| Accrued and unpaid debt issuance costs | 3,278 | — |
| Accrued and unpaid capital expenditures | 1,298 | 548 |
| Accretion of preferred stock - related party | 278,330 | — |
| Issuance of convertible notes for interest paid-in-kind - related parties | 11,977 | 10,327 |
| Issuance of common stock upon settlement of Yorkville Convertible Notes | — | 51,023 |
| Supplemental disclosures | ||
| Cash paid for interest | $4,395 | $15,133 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.