Fluence Energy Inc
For the period ended Sep 30, 2024. Filed Nov 29, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Nov 29, 2024
FLNC$4.91-9.1%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
| Fiscal Year Ended September 30, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Operating activities | |||
| Net income (loss) | $30,367 | $(104,818) | $(289,177) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 14,482 | 10,665 | 7,108 |
| Amortization of debt issuance costs | 3,091 | 914 | 778 |
| Inventory provision (recovery) | 23,972 | (1,029) | 2,529 |
| Stock-based compensation | 23,855 | 26,920 | 44,131 |
| Deferred income taxes | (6,719) | 2,542 | 516 |
| Changes in operating assets and liabilities: | |||
| Trade receivables | (114,577) | (13,397) | (29,161) |
| Unbilled receivables | 24,747 | (50,503) | (36,550) |
| Receivables from related parties | (303,963) | 53,611 | (78,666) |
| Advances to suppliers | (64,258) | (36,490) | (45,024) |
| Inventory | 21,731 | 432,767 | (265,477) |
| Other current assets | (10,986) | (36,828) | 1,364 |
| Other non-current assets | (28,100) | (16,632) | (35,208) |
| Accounts payable | 370,124 | (242,268) | 150,507 |
| Deferred revenue with related parties | (72,201) | (191,431) | 80,575 |
| Deferred revenue | (9,796) | (6,934) | 201,028 |
| Current accruals and provisions | 160,206 | (12,360) | (2,522) |
| Taxes payable | 22,799 | 15,753 | (1,779) |
| Other current liabilities | 18,185 | 39,467 | 6,362 |
| Other non-current liabilities | (23,274) | 18,124 | (3,719) |
| Insurance proceeds received | — | — | 10,000 |
| Net cash provided by (used in) operating activities | 79,685 | (111,927) | (282,385) |
| Investing activities | |||
| Purchase of equity securities | — | — | (1,124) |
| Proceeds from maturities of short-term investments | — | 111,674 | — |
| Purchases of short-term investments | — | — | (110,144) |
| Payments for purchase of investment in joint venture | — | (5,013) | — |
| Capital expenditures on software | (10,860) | (9,235) | — |
| Payments for acquisition of businesses, net of cash acquired | — | — | (29,215) |
| Purchase of property and equipment | (8,115) | (2,989) | (7,934) |
| Net cash (used in) provided by investing activities | (18,975) | 94,437 | (148,417) |
| Financing activities | |||
| Repayment of promissory notes – related parties | — | — | (50,000) |
| Repayment of line of credit | — | — | (50,000) |
| Proceeds from borrowing against note receivable - pledged as collateral | — | 48,176 | — |
| Class A common stock withheld related to settlement of employee taxes for stock-based compensation awards | (1,663) | (2,784) | (5,013) |
| Proceeds from exercise of stock options | 5,335 | 7,203 | 3,103 |
| Payment of transaction costs related to issuance of Class B membership units | — | — | (6,320) |
| Payments of debt issuance costs | (8,456) | — | (3,375) |
| Proceeds from issuance of Class A common stock sold in an IPO, net of underwriting discounts and commissions | — | — | 935,761 |
| Payments of deferred equity issuance cost | — | — | (7,103) |
| Payments for acquisitions | (3,892) | — | — |
|---|---|---|---|
| Net cash (used in) provided by financing activities | (8,676) | 52,595 | 817,053 |
| Effect of exchange rate changes on cash and cash equivalents | 3,941 | (2,095) | 5,401 |
| Net increase (decrease) in cash and cash equivalents | 55,975 | 33,010 | 391,652 |
| Cash, cash equivalents, and restricted cash as of the beginning of the period | 462,731 | 429,721 | 38,069 |
| Cash, cash equivalents, and restricted cash as of the end of the period | $518,706 | $462,731 | $429,721 |
| Supplemental disclosure of cash flow information | |||
| Interest paid | $3,022 | $2,336 | $1,127 |
| Cash paid for income taxes | $2,661 | $1,240 | $2,068 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.