$SHLS Cashflow Statement | Understand Stock

$SHLS

$7.48 +$0.14 (1.91%) Close

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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 income
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
Amortization/write off of deferred financing costs
Equity-based compensation
Provision for credit losses
Provision for obsolete or slow-moving inventory
Provision for warranty expense
Deferred taxes
Gain on termination of tax receivable agreement
Gain on sale of assets
Other
Changes in assets and liabilities:
Accounts receivable
Unbilled receivables
Inventory
Other assets
Accounts payable
Accrued expenses
Accrued expenses and other
Warranty liability
Deferred revenue

Net Cash Provided by Operating Activities
Cash Flows from Investing Activities
Purchases of property, plant and equipment
Acquisition of a business, net of cash acquired
Proceeds from sale of property, plant and equipment
Other
Net Cash Used in Investing Activities
Cash Flows from Financing Activities
Distributions to non-controlling interests
Employee withholding taxes related to net settled equity awards
Deferred financing costs
Payments on/ repayments of credit facilities
Term Loan Facility
Revolving line of credit
Delayed Draw Term Loan

Proceeds from revolving credit facility
Term Loan Facility
Revolving line of credit
Delayed Draw Term Loan
Total proceeds from revolving credit facility

Proceeds from issuance of Class A common stock sold in an IPO, net of underwriting discounts and commissions
Purchase of LLC Interests
IPO
Follow-on Offering
Repurchase of Class A common stock
Proceeds from issuance of Class A common stock in follow-on offering, net of underwriting discounts and commissions
Payment of debt assumed in acquisition
Excise taxes on treasury stock transactions
Payments on senior debt - term loan
Proceeds from senior debt
Payment of fees for tax receivable agreement termination
Net Cash Used in Financing Activities

Net Increase (Decrease) in Cash, Cash Equivalents
Cash, Cash Equivalents—Beginning of Period
Cash, Cash Equivalents—End of Period
Supplemental Cash Flows Information:
Cash paid for interest
Reclassification of deferred offering costs to additional paid-in capital
Establishment of deferred tax assets
Establishment of amounts payable pursuant to tax receivable agreement
Cash paid for taxes
Non-cash investing and financing activities:
Purchased equipment not yet paid for
Right of use operating lease liabilities obtained in exchange for lease assets
Recording of deferred tax assets related to exchanges of Class B common stock to Class A common stock
Recording of amounts payable pursuant to tax receivable agreement
Capital contribution related to tax receivable agreement exchanges of Class B common stock to Class A common stock
Reduction of deferred tax assets and additional paid-in-capital for negative basis on exchanges
Income tax receivable from merger due to former owner
Deferred tax asset and additional paid-in capital from ConnectPV
Class A common stock issued in ConnectPV acquisition

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