Ballard Power Systems Inc. (BLDP) quarterly cash flow statement — complete operating, investing & financing history
Ballard Power Systems Inc. (BLDP) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q2'26 | 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 |
|---|
| Cash from Operations | -11.39M | -7.81M | 11.68M | -22.86M | -20.34M | -24.4M | -24.41M | -28.6M | -35.1M | -19.99M | -18.34M | -21.98M | -27.69M | -36.55M | -21.18M | -30.32M | -38.98M | -41.69M | -31.94M | -15.02M |
| Operating CF Margin % | -56.76% | -40.22% | 34.71% | -70.33% | -113.97% | -158.57% | -99.53% | -193.81% | -219.35% | -138.33% | -38.68% | -81.25% | -180.81% | -276.03% | -103.52% | -142.05% | -186.23% | -198.07% | -87.02% | -59.55% |
| Operating CF Growth % | 43.97% | 67.99% | 147.85% | 20.08% | 42.07% | -22.06% | -33.06% | -30.08% | -26.78% | 45.31% | 13.42% | 27.49% | 28.97% | 12.31% | 33.67% | -101.86% | -98.58% | -164.99% | -379.49% | -32.62% |
| Net Income | -20.28M | -11.39M | -17.8M | -28.07M | -24.28M | -21.04M | -46.47M | -206.18M | -31.46M | -41.29M | -18.23M | -62.45M | -30.1M | -33.92M | -34.43M | -42.88M | -55.79M | -40.4M | -43.83M | -30.85M |
| Depreciation & Amortization | 1M | 987K | 1.06M | 1.03M | 964K | 985K | 1.1M | 3.46M | 3.85M | 3.49M | 3.27M | 3.22M | 3.39M | 3.27M | 2.83M | 3.98M | 3.44M | 3.11M | 3.27M | 2.17M |
| Stock-Based Compensation | 2.05M | 1.3M | 0 | -412K | 4.79M | 1.87M | 1.07M | 0 | 2.57M | 2.8M | 2.44M | 3.11M | 3.09M | 2.31M | 1.47M | 2.83M | 2.78M | 2.33M | 2.32M | 2.48M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -15.61M | 0 | 0 | 0 | -3.04M | -420K | 80K | -200K | 0 | 4.82M |
| Other Non-Cash Items | 6.92M | 1.25M | 11.33M | 1.11M | -2.3M | -3.5M | 20.36M | 163.19M | -486K | 10.62M | 15M | 34.78M | 2.01M | 1.39M | 6.08M | 800K | 15.16M | 10.52M | 13.44M | 5.13M |
| Working Capital Changes | -1.09M | 35K | 17.09M | 3.48M | 490K | -2.72M | -466K | 10.93M | -9.57M | 4.39M | -5.21M | -638K | -6.09M | -9.61M | 5.9M | 5.38M | -4.65M | -17.05M | -7.14M | 1.24M |
| Change in Receivables | -3.89M | 7.52M | 7.52M | -9.06M | 3.95M | 3.77M | -4.69M | 289.13K | 2.28M | 15.46M | -16.56M | -6.58M | 4.72M | 5.22M | 654K | -391K | -2.01M | -1.2M | -3.02M | 11.62M |
| Change in Inventory | 2.38M | 156K | 16.45M | 7.48M | -4.83M | -8.75M | 6.51M | -6.57M | -6.51M | -10.41M | 11.63M | 2.37M | -11.05M | -7.2M | 585K | 335K | -1.45M | -6M | -1.05M | -11.65M |
| Change in Payables | -7.76M | 0 | -9.13M | 0 | 0 | 0 | 0 | 16.85M | 0 | 0 | -1.69M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -2.55M | -1.4M | -9.89M | -1.43M | -7.05M | -2.73M | -6.1M | -14.33M | -6.54M | -9.53M | -10.85M | -11.19M | -19.72M | -12.52M | -20.06M | -15.47M | -26.32M | -13.71M | -66.14M | -4.99M |
| Capital Expenditures | -835K | -589K | -3.84M | -1.4M | -2.24M | -2.43M | -5.58M | -11.14M | -1.89M | -7.29M | -7.59M | -6.93M | -15.3M | -11.64M | -14.69M | -6.66M | -8.69M | -3.89M | -5.13M | -2.54M |
| CapEx % of Revenue | 4.16% | 3.03% | 11.42% | 4.3% | 12.53% | 15.79% | 22.74% | 75.48% | 11.8% | 50.46% | 16% | 25.61% | 99.91% | 87.87% | 71.8% | 31.2% | 41.53% | 18.47% | 13.96% | 10.07% |
| Acquisitions | 0 | 0 | -58 | 0 | 0 | 0 | 0 | -100K | 0 | 0 | -4.2K | -900K | -1.1M | 0 | 0 | -8.48M | -7.62M | -8.08M | -10.43M | -3.03M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | -104K | -153K | 2.82M | -481.85K | -710K | -177K | 290.22K | -81K | -30K | -11K | -55K | -36K | -159K | -300K | -96K | -364K |
| Cash from Financing | -681K | -831K | -362.67K | -740K | -797K | -689K | 826K | -865K | -798K | -693K | -1.13M | -878K | -912K | -785K | -823K | -666K | -587K | -330K | -467K | -636K |
| Debt Issued (Net) | -795K | -831K | -817K | -740K | -797K | -689K | -663K | -865K | -812K | -987K | -1.15M | -917K | -996K | -947K | -954K | -769K | -797K | -802K | -733K | -681K |
| Equity Issued (Net) | 114K | 0 | 467.04K | 0 | 0 | 0 | 0 | 17 | 0 | 0 | 51.52K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.21M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | -12.7K | 0 | 0 | 0 | 1.49M | -17 | 14K | 294K | -27.16K | 39K | 84K | 162K | 131K | 103K | 210K | 472K | 266K | -3.17M |
| Net Change in Cash | -14.67M | -10.28M | 861.34K | -24.29M | -26.66M | -27.25M | -31.16M | -42.92M | -42.63M | -30.46M | -29.96M | -34.07M | -48.71M | -49.96M | -41.69M | -47.2M | -65.54M | -55.73M | -98.44M | -20.65M |
| Free Cash Flow | -12.23M | -8.4M | 7.83M | -24.25M | -22.68M | -27.07M | -30.33M | -40.22M | -37.7M | -27.46M | -25.93M | -29M | -43.02M | -48.2M | -35.93M | -37.01M | -47.83M | -45.88M | -37.5M | -17.56M |
| FCF Margin % | -60.92% | -43.25% | 23.29% | -74.63% | -127.09% | -175.88% | -123.71% | -272.56% | -235.59% | -190.02% | -54.68% | -107.15% | -280.91% | -363.99% | -175.59% | -173.42% | -228.52% | -217.96% | -102.16% | -69.62% |
| FCF Growth % | 46.07% | 68.96% | 125.83% | 39.7% | 39.86% | 1.44% | -17% | -38.71% | 12.36% | 43.03% | 27.85% | 21.66% | 10.06% | -5.07% | 4.17% | -110.79% | -111.42% | -137.19% | -258.68% | -29.63% |
| FCF per Share | -0.04 | -0.03 | 0.03 | -0.08 | -0.08 | -0.09 | -0.10 | -0.13 | -0.13 | -0.09 | -0.09 | -0.10 | -0.14 | -0.16 | -0.12 | -0.12 | -0.16 | -0.15 | -0.13 | -0.06 |
| FCF Conversion (FCF/Net Income) | 0.58x | 0.69x | -0.67x | 0.81x | 0.84x | 1.16x | 0.53x | 0.14x | 1.12x | 0.48x | 0.35x | 0.35x | 0.92x | 1.08x | 0.62x | 0.71x | 0.70x | 1.03x | 0.73x | 0.49x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |