$PCT Cashflow Statement | Understand Stock

$PCT

$3.02 +$0.35 (12.92%) Live

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated statements of cash flows

In millions of USD, except per-share amounts

	FY2025 12 months to Dec 31, 2025	FY2024 12 months to Dec 31, 2024	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021
Cash flows from operating activities
Net loss
Adjustments to reconcile net loss to net cash used in operating activities
Equity-based compensation
Non-cash issuance of shares
Depreciation expense
Accretion of debt instrument discounts
Amortization of debt issuance costs
Loss on disposal of equipment
Write-down of long-lead equipment
Operating lease amortization expense
Issuance costs attributable to warrants
Amortization of debt issuance costs and debt discounts
Accretion of discount on debt securities
Loss on extinguishment of debt
Impairment of operating right-of-use asset
Change in fair value of warrants
Change in fair value of derivative
Deferred taxes
Amortization of beneficial conversion feature
Loss on exercise of warrants
Other
Changes in operating assets and liabilities
Prepaid expenses and other non-current assets
Accounts receivable
Inventory
Prepaid expenses and other current assets
Prepaid expenses and other noncurrent assets
Accounts payable
Accrued expenses and other current liabilities
Accrued interest
Deferred revenue
Operating lease right-of-use liabilities

Other, net

Net cash used in operating activities
Cash flows from investing activities
Construction of plant
Purchase of property, plant, and equipment
Purchase of property, plant and equipment
Purchase of debt securities, available for sale
Maturity of debt securities, available for sale
Sale of debt securities, available for sale
Sale and maturity of debt securities, available for sale
Net cash used in investing activities

Cash flows from financing activities
Proceeds from secured term loan
Proceeds from promissory note
Proceeds from issuance of revenue bonds to related parties
Proceeds from issuance of revenue bonds
Proceeds from issuance of Series B Convertible Perpetual Preferred Stock
Proceeds from issuance of Series A Preferred shares, inclusive of put option
Proceeds from issuance of common stock
Proceeds from other borrowings
Proceeds from issuance of revenue bonds
Third Party
Related Party
Payments on related party revenue bonds
Payments on advances from related parties
Payment to purchase revenue bonds
Proceeds from revolving credit facility and related party note payable
Payments on revolving credit facility and related party note payable
Proceeds from issuance and exercise of warrants
Proceeds from equipment lease financing
Payments on equipment lease financing
Debt and preferred stock issuance costs
Payments to repurchase shares
Proceeds from exercise of warrants
Payments on redemption of vested Legacy PCT profit interests
Common stock issuance costs
Proceeds from ROCH and PIPE financing, net of issuance costs
Bond issuance costs
Payments on equipment financing
Proceeds from convertible note offering
Convertible note payable issuance costs
Related Party
Long-term debt
Total convertible note payable issuance costs
Payments on promissory notes
Issuance of bonds
Other net payments for financing activities
Net cash provided by/(used in) financing activities

Net increase/(decrease) in cash and cash equivalents and restricted cash
Cash and cash equivalents and restricted cash, beginning of period
Cash and cash equivalents and restricted cash, end of period
Supplemental disclosure of cash flow information
Operating activities
Interest paid during the period, net of capitalized interest
Non-cash investing activities
Additions to property, plant, and equipment in accrued expenses
Additions to property, plant, and equipment in accounts payable
Additions to property, plant, and equipment in accrued interest
Additions to property, plant, and equipment
Non-cash financing activities
Issuance of common stock on conversion of convertible notes
PIK dividends on Series B Convertible Perpetual Preferred Stock
PIK interest
Related Party
Long-term debt
Series A Preferred Stock
Total pIK interest

Carrying value of warrant liability issued to satisfy shareholder loan prepayment penalty
Initial fair value of acquired warrant liability
Issuance of shares upon exercise of warrants
Beneficial conversion feature of convertible notes
Conversion of accounts payable to promissory notes
Capitalization of bond issuance costs — additions to accrued expense
Initial fair value of warrant liability issued to satisfy shareholder loan prepayment penalty

Reconciliation of cash and cash equivalents and restricted cash reported in the consolidated balance sheets
Cash and cash equivalents
Restricted cash - current
Restricted cash - noncurrent

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