Array Technologies, Inc. (ARRY) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | -29.42M | 43.64M | 27.36M | 43.84M | -13.06M | 57.59M | 44.94M | 3.96M | 47.5M | 93.98M | 71.62M | 20.54M | 45.82M | 97.47M | 104.79M | -10.67M | -50.1M | -97.35M | -31.73M | -91.96M |
| Operating CF Margin % | -13.17% | 19.31% | 6.95% | 12.1% | -4.32% | 20.92% | 19.42% | 1.55% | 30.97% | 27.51% | 20.44% | 4.05% | 12.16% | 24.24% | 20.35% | -2.54% | -16.67% | -45.81% | -16.82% | -46.8% |
| Operating CF Growth % | -125.29% | -24.22% | -39.11% | 1007.94% | -127.49% | -38.73% | -37.26% | -80.74% | 3.68% | -3.58% | -31.65% | 292.56% | 191.45% | 200.12% | 430.27% | 88.4% | -18.86% | -193.34% | -248.26% | -94.32% |
| Net Income | 2M | -145.75M | 33.5M | 43.26M | 16.75M | -126.9M | -141.35M | 25.7M | 2.17M | 23.09M | 23.21M | 65.17M | 29.64M | -5.25M | 40.64M | -5.02M | -25.94M | -27.72M | -27.56M | -5.52M |
| Depreciation & Amortization | 15.37M | 9.85M | 12.17M | 9.9M | 9.57M | 12.85M | 2.28M | 12.97M | 13.76M | 13.59M | 13.54M | 13.16M | 14.53M | 27.96M | 25.16M | 26.19M | 23.61M | 6.49M | 6.49M | 6.48M |
| Stock-Based Compensation | 0 | 0 | 4.65M | 3.9M | 2.8M | 3.5M | 2.02M | 910K | 3.93M | 2.85M | 3.4M | 4.95M | 3.37M | 3.31M | 4.21M | 2.96M | 4.51M | 2.05M | 2.24M | 1.56M |
| Deferred Taxes | -1.6M | -3.55M | 6.99M | -1.27M | 1.02M | -30.37M | -3.78M | -3.49M | -13K | -9.15M | -532K | -4.8M | 3M | 0 | -12.09M | -28.26M | 4.35M | -3.57M | -6.5M | -429K |
| Other Non-Cash Items | 5.4M | 149.12M | 4.66M | -6.4M | 5.59M | 169.95M | 177.5M | 4.55M | 1.18M | 9.29M | 5.31M | 4.16M | 6.68M | 9.47M | 1.31M | 884K | -873K | 3.66M | 8.75M | 2.86M |
| Working Capital Changes | -50.59M | 33.98M | -34.61M | -5.55M | -48.78M | 28.57M | 8.27M | -36.69M | 26.48M | 54.32M | 26.68M | -62.09M | -11.4M | 61.99M | 45.56M | -7.42M | -55.75M | -78.26M | -15.14M | -96.92M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | -409K | 44.56M | -98.68M | 95.99M | 96.01M | 74.67M | -84.43M | 6.61M | 62.05M | -29.04M | -47.42M | -44.27M | -61.25M | -20.01M | -29.16M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | -14.82M | 9.69M | 4.33M | -11.54M | 54.19M | -10.29M | 46.16M | -23.31M | 35.14M | 62.92M | -30.94M | -46.25M | -32.86M | -34.88M | -14.2M |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 24.48M | 36.64M | 20.96M | -23.89M | -52.1M | -16.1M | 387K | 30.16M | 0 | -32.44M | 15.09M | 59.42M | 6.69M | 3.33M | 7.56M |
| Cash from Investing | -7.51M | -8.48M | -170.43M | -6.63M | -2.35M | -15.98M | 10.9M | -2.1M | -2.39M | -5.21M | -2.19M | -5.54M | -3.88M | -3.93M | -2.79M | -1.54M | -376.17M | -1.1M | -1.05M | -2.6M |
| Capital Expenditures | -7.51M | -7.48M | -5.51M | -6.63M | -2.35M | -1.7M | -1.08M | -2.13M | -2.4M | -5.37M | -2.19M | -5.54M | -3.88M | -3.93M | -2.79M | -1.54M | -2.36M | -1.1M | -1.05M | -630K |
| CapEx % of Revenue | 3.36% | 3.31% | 1.4% | 1.83% | 0.78% | 0.62% | 0.47% | 0.83% | 1.56% | 1.57% | 0.63% | 1.09% | 1.03% | 0.98% | 0.54% | 0.37% | 0.78% | 0.52% | 0.56% | 0.32% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | -4K | -39K | 29K | 0 | 0 | 0 | 0 | 0 | -2K | 2K | -2K | -373.82M | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | -164.92M | 0 | 0 | 0 | 12.01M | 0 | 10K | 168K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -7.61M | -12.54M | -12.74M | -11.05M | -1.73M | 397K | -8.1M | 431K | -4.58M | -17.32M | -45.13M | -15.55M | -23.76M | -24.71M | -89.55M | 21.96M | 100.74M | 349.73M | 131.49M | 93.11M |
| Debt Issued (Net) | -3.19M | -12.72M | -12.83M | 35.58M | -507K | 415K | -6.94M | 431K | -2.57M | -17.32M | -45.13M | -14.79M | -21.81M | -23.98M | -70.29M | 22.36M | 53.86M | -1.07M | -203.07M | 100.92M |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | -18K | -1.15M | 0 | 0 | 0 | -1K | 0 | 0 | -33.1M | 0 | 0 | 48.98M | 0 | 345.63M | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -8.05M | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | -18K | -1.15M | 0 | 0 | 0 | 0 | 0 | 0 | -33.1M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -4.42M | 184K | 90K | -46.63M | -1.22M | 0 | 0 | 0 | -2.01M | 0 | 0 | -758K | -1.95M | 32.37M | -19.26M | -400K | -2.11M | 358.86M | -11.07M | -7.81M |
| Net Change in Cash | -43.99M | 22.88M | -155.67M | 29.28M | -14.65M | 31.77M | 50.05M | -5.3M | 38.54M | 75.07M | 18.04M | 8.21M | 13.86M | 71.12M | 11.73M | 1.55M | -318.18M | 251.28M | 98.71M | -1.45M |
| Free Cash Flow | -36.93M | 36.16M | 21.85M | 37.21M | -15.41M | 44.61M | 43.86M | 1.83M | 45.11M | 88.61M | 69.43M | 15M | 41.93M | 93.54M | 101.99M | -12.21M | -52.45M | -98.45M | -32.78M | -92.59M |
| FCF Margin % | -16.53% | 16% | 5.55% | 10.27% | -5.1% | 16.21% | 18.95% | 0.71% | 29.4% | 25.94% | 19.81% | 2.95% | 11.13% | 23.26% | 19.8% | -2.91% | -17.45% | -46.33% | -17.37% | -47.12% |
| FCF Growth % | -139.65% | -18.93% | -50.18% | 1937.79% | -134.17% | -49.66% | -36.83% | -87.83% | 7.57% | -5.27% | -31.93% | 222.89% | 179.94% | 195.01% | 411.14% | 86.82% | -22.79% | -195.06% | -255.69% | -95.25% |
| FCF per Share | -0.24 | 0.24 | 0.14 | 0.24 | -0.10 | 0.29 | 0.29 | 0.01 | 0.30 | 0.58 | 0.46 | 0.10 | 0.28 | 0.62 | 0.67 | -0.08 | -0.35 | -0.76 | -0.25 | -0.73 |
| FCF Conversion (FCF/Net Income) | -14.73x | -0.30x | 0.82x | 1.01x | -0.78x | -0.45x | -0.32x | 0.15x | 21.94x | 4.07x | 3.10x | 0.32x | 1.55x | -10.70x | 2.58x | 2.12x | 1.93x | 3.51x | 1.15x | 16.67x |
| Interest Paid | 0 | 0 | 2.17M | 9.37M | 6.82M | 8.99M | 11.85M | 6.52M | 11.3M | 7.81M | 20.26M | 7.9M | 7.98M | 892K | 14.8M | 4.39M | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 5.36M | 0 | 0 | -25.22M | 8.22M | 16.6M | 402K | 9.14M | 18.31M | 15.96M | 2.52M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |