Tantech Holdings Ltd (TANH) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q2'22 | Q4'21 | Q2'21 | Q4'20 | Q2'20 | Q4'19 | Q2'19 | Q4'18 | Q2'18 | Q4'17 | Q2'17 | Q4'16 | Q2'16 |
|---|
| Cash from Operations | -2.42M | -3.4M | -460.37K | 4.45M | 6.16M | -901.88K | 55.84M | -47.55M | -6.43M | -1.66M | 11.73M | 2.44M | 3.33M | 11.37M | -8.31M | 22.98M | -6.11M | 8.41M | 1.91M | -8.95M |
| Operating CF Margin % | -13.55% | -16.57% | -2.15% | 20.65% | 22.35% | -4.57% | 211% | -175.93% | -0.01% | -8.03% | 0.03% | 10.66% | 11.78% | 54.25% | -61.24% | 143.74% | -19.93% | 67.59% | 7.69% | -39.26% |
| Operating CF Growth % | -424.72% | -176.49% | -107.47% | 592.92% | -88.96% | 98.1% | 967.83% | -2771.15% | -154.85% | -167.86% | 252.14% | -78.53% | 140.07% | -50.54% | -36.11% | 173.17% | -419.31% | 194.03% | 32.02% | -398.03% |
| Net Income | -40.53M | 9.57M | -3.47M | 1.31M | 3.57M | 2.01M | 921.61K | 2.1M | -1.79M | -6.57M | -7.74M | 1.22M | -7.48M | 1.42M | -16.56K | 1.99M | 3.46M | 310.76K | 2.77M | 1.53M |
| Depreciation & Amortization | 80.21K | 89.19K | 33.94K | 93.04K | 228.3K | 218.95K | 385.08K | 315.25K | 491.22K | 470.35K | 434.09K | 443.83K | 442.38K | 461.75K | 726.92K | 344.54K | 244.88K | 570.06K | 704.21K | 660.1K |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.84B | 1.84M | 0 | 33.81K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | -4.52M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.85B | -2.27M | -1.8M | 2.33M | -165.5K | 0 | 0 | 0 | 20K | 0 | 0 | 0 |
| Other Non-Cash Items | 46.36M | -7.24M | 5.57M | 6.31M | 1.09M | 2.88M | -47.8M | 48.21M | 10.85M | 2.4M | -9.92M | -2.58M | 40.07M | -3.82M | 3.14M | 173.73K | -4.61M | 3.94M | 270.68K | 1.43M |
| Working Capital Changes | -3.8M | -5.82M | -2.59M | -3.26M | 1.27M | -2.92M | 53.52M | -49.35M | -8.65M | 2.47M | 16.14M | 988.7K | -11.41M | 6.95M | -12.17M | 20.47M | -5.2M | 3.59M | -1.83M | -12.56M |
| Change in Receivables | -4.37M | -8.68M | 6.71M | -1.86M | -578.06K | -2.93M | 49.83M | -49.16M | -8.73M | -1.61M | 15.18M | -4.64M | -9.19M | -676.18K | -214.94K | 10.49M | -3.7M | 2.32M | -6.22M | 3.03M |
| Change in Inventory | 108.27K | -62.28K | -260.45K | 355.66K | 417.73K | -495.84K | 3.46K | 40.35K | 3.13M | 1.38M | 1.55M | 6.87M | -7.6M | 8.26M | -13.13M | 9.43M | 4.53M | 442.14K | 3.48M | -15.02M |
| Change in Payables | 418.79K | 58.64K | -5.37M | 3.11M | 899.85K | 773.95K | -248.5K | 920.17K | -760.08K | 743.81K | -1.24M | 1.03M | -447.53K | -303.83K | 447.36K | 2.36M | -1.46M | -723.95K | 0 | 0 |
| Cash from Investing | -493.74K | -582.13K | -1.02M | -900.07K | -1.18M | -1.4M | -44.98M | -21.88K | 529.17K | -5.09K | -134.89K | 11.93K | -5.84M | -89.07K | 1.66M | -19.66M | 914.3K | -4.41M | -99.67K | -1.78M |
| Capital Expenditures | 40K | -40K | -67.71K | -12.82K | 1.77K | -184.76K | -60.09K | -21.88K | -215.22K | -5.09K | -135.28K | -9.52K | 12.45K | -104.81K | -556.77K | -2.27K | -82.26K | -13.51K | -7.28K | -3.54K |
| CapEx % of Revenue | 0.22% | 0.19% | 0.32% | 0.06% | 0.01% | 0.94% | 0.23% | 0.08% | 0% | 0.02% | 0% | 0.04% | 0.04% | 0.5% | 4.1% | 0.01% | 0.27% | 0.11% | 0.03% | 0.02% |
| Acquisitions | 1.39K | 78.31K | -889 | 0 | 1.65K | 0 | 35.79K | 0 | 748.61K | 0 | 392 | 21.45K | 854.93K | 16.21K | 0 | 0 | -107.1K | -4.41M | -68.19K | -3.3M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -535.12K | -620.44K | -953.47K | -887.25K | -1.18M | -1.21M | -44.95M | -45.19M | 744.39K | 0 | 392 | 21.45K | -1.05K | -470 | 2.22M | -19.66M | 1.1M | 1.89K | -24.2K | 1.53M |
| Cash from Financing | 2.9M | 520.6K | 1.98M | 1.49M | -1.08M | 8.51M | -666.6K | 15.96M | 8.09M | 4.71M | 8.42M | 521.36K | 440.05K | -5.9M | 560.4K | -1.37M | 5.63M | -683.64K | -17.67K | 9.07M |
| Debt Issued (Net) | 3.26M | 239.78K | -1.31M | 51.33K | -3.08M | 1M | -10.78M | -3.19M | -4.33M | -2.22M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | -358.7K | 282.02K | 4.92M | 0 | 7.83M | 0 | -4.57K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -520K | 0 | 0 | 0 | 0 | 0 | -4.57K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5.97M | 0 | 5.97M | 0 | 0 | 0 |
| Other Financing | -6 | -1.2K | -1.63M | 1.44M | -5.83M | 7.51M | 10.12M | 19.15M | 8.09M | 4.71M | 8.42M | 521.36K | 440.05K | -5.9M | 560.4K | -1.37M | 5.63M | -683.64K | -17.67K | 9.07M |
| Net Change in Cash | 689.15K | -2.82M | 965.22K | 5.1M | 4.38M | 5.76M | 8.18M | -32.76M | 2.86M | 3.37M | 21.92M | 2.78M | -2.17M | 7.07M | -4.69M | 3.7M | 4.65M | 7.37M | 1.25M | -1.58M |
| Free Cash Flow | -2.38M | -3.44M | -528.08K | 4.43M | 6.16M | -1.09M | 55.78M | -47.57M | -6.65M | -1.66M | 11.6M | 2.43M | 3.34M | 11.26M | -8.87M | 22.98M | -6.19M | 8.4M | 1.91M | -8.95M |
| FCF Margin % | -13.32% | -16.76% | -2.47% | 20.59% | 22.35% | -5.5% | 210.77% | -176.01% | -0.01% | -8.05% | 0.03% | 10.62% | 11.82% | 53.75% | -65.34% | 143.72% | -20.2% | 67.48% | 7.66% | -39.27% |
| FCF Growth % | -349.86% | -177.62% | -108.57% | 507.93% | -88.95% | 97.72% | 938.84% | -2763.67% | -157.34% | -168.33% | 246.78% | -78.41% | 137.7% | -50.99% | -43.3% | 173.58% | -424.85% | 193.84% | 49.12% | -405.43% |
| FCF per Share | -1.22 | -0.06 | -1.98 | 26.94 | 1.70 | -0.57 | 45.80 | -60.27 | -38.47 | -10.70 | 94.13 | 20.21 | 27.81 | 93.67 | -73.95 | 192.11 | -53.77 | 82.91 | 19.62 | -94.51 |
| FCF Conversion (FCF/Net Income) | 0.06x | -0.36x | 0.10x | 3.40x | 1.73x | -0.45x | 60.59x | -22.65x | -1.25x | 0.25x | -0.00x | 1.99x | -0.52x | 17.09x | -6.11x | 43.15x | -1.40x | -13.77x | 0.69x | -5.83x |
| 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 |