American Superconductor (AMSC) Cash Flow: Operating & Free Cash Flow

American Superconductor Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for American Superconductor Corporation (AMSC) - Annual data in millions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018
Operating Activities
Net Income	133.81	6.03	-11.11	-35.04	-19.19	-22.68	-17.10	26.76	-32.78
Depreciation & Amortization	8.45	6.54	4.82	5.36	5.34	5.35	4.31	4.61	11.46
Deferred Income Tax	-118.68	-4.30	0.07	0.02	-2.40	-1.22	-1.71	4.48	-1.45
Stock Based Compensation	15.87	7.79	4.65	4.73	4.66	3.49	0.00	3.03	2.69
Change in Working Capital	-24.06	4.51	-3.22	-1.39	-3.73	1.02	-0.25	4.18	-5.56
Change in Accounts Receivable	-16.29	-3.21	4.34	-10.36	-3.76	5.19	-9.16	-0.53	1.15
Change in Inventory	-6.96	-7.71	-6.84	-14.80	-3.31	8.11	-8.14	5.01	-2.42
Change in Accounts Payable	7.14	3.21	-13.50	8.66	0.00	-4.22	5.89	2.84	-2.96
Change in Other Working Capital	4.49	6.10	4.97	0.67	3.34	-8.06	11.16	-3.14	-1.33
Other Operating Activities	4.49	6.10	4.97	0.67	-3.66	5.36	-1.75	-0.34	0.81
Net Cash from Operating Activities	23.15	28.29	2.14	-22.49	-18.98	-8.68	-16.50	42.71	-24.83
Investing Activities
Capital Expenditures	-4.89	-2.42	-0.93	-1.24	-0.94	-1.76	-3.63	-0.95	-2.53
Acquisitions	-72.10	-32.86	-29.58	0.00	-11.48	-26.00	3.00	3.27	0.07
Purchases of Investments	0.00	0.00	0.00	0.00	0.00	0.00	-35.00	-3.27	15.74
Sales/Maturities of Investments	0.00	0.00	0.00	0.00	5.19	30.15	0.00	0.13	1.17
Other Investing Activities	-0.10	-3.21	-0.03	-0.28	0.07	0.08	0.01	2.99	1.95
Net Cash from Investing Activities	-77.08	-35.21	-0.96	-1.52	-7.16	2.47	-36.62	2.17	16.40
Financing Activities
Debt Repayment	-8.81	-0.03	-0.07	-0.07	-0.05	0.00	0.00	0.00	-1.58
Common Stock Issued	124.50	0.31	65.23	0.24	0.00	51.48	6.34	0.46	16.95
Common Stock Repurchased	0.00	-0.13	-0.27	0.00	-0.05	-0.93	0.00	-0.46	0.00
Other Financing Activities	0.00	-0.15	0.28	0.00	0.24	0.28	-0.57	-0.30	-0.10
Net Cash from Financing Activities	116.08	0.01	65.44	0.16	0.14	50.83	5.78	-0.30	15.28
Summary
Effect of Forex Changes on Cash	0.02	0.01	-0.01	0.03	-0.06	0.06	-4.93	-0.64	0.45
Net Change in Cash	62.17	-6.90	66.61	-23.81	-26.05	44.68	-52.28	43.95	7.30
Cash at Beginning of Period	85.38	92.28	25.68	49.49	75.54	30.86	77.48	34.25	26.78
Cash at End of Period	147.55	85.38	92.28	25.68	49.49	75.54	25.21	78.20	34.08
Free Cash Flow	18.26	25.87	1.20	-23.72	-19.92	-10.45	-20.13	41.76	-27.36
Supplemental Disclosures
Income Taxes Paid	-	0.31	0.29	0.35	0.59	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About American Superconductor Cash Flow

What is American Superconductor's free cash flow?

American Superconductor generated free cash flow of $18.26M in fiscal 2026 (fiscal year ended Mar 31, 2026), operating cash flow of $23.15M minus $4.89M of capital expenditures. That was down 29.4% from $25.87M a year earlier. Free cash flow equaled 6.1% of revenue.

How much does American Superconductor spend on capital expenditures?

American Superconductor spent $4.89M on capital expenditures in fiscal 2026, compared with $2.42M a year earlier. That equals 21.1% of operating cash flow.

Does American Superconductor pay dividends or buy back shares?

American Superconductor's cash flow statement for fiscal 2026 shows no dividend payments or share repurchases.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition