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American Superconductor cash flow, quarter by quarter

Latest: Q1 FY27 · from the cash-flow statements filed with the SEC

Free cash flow$5.6M in Q1 FY27

Operating cash flow$16.0M
Capital spending−$10.4M
Free cash flow+$5.6M
Cash conversion cycle185 days

Analysis

In Q1 FY27, American Superconductor generated $16.0M of operating cash flow and spent $10.4M on capital projects, leaving free cash flow of $5.6M. That is $2.3M more than in Q1 FY26 ($3.3M).

Operating cash flow was $16.0M against net income of $9.5M — 1.7× profit, cash ran ahead of reported earnings. The largest differences: receivables −$11.1M, deferred revenue +$9.3M, stock-based pay +$5.3M.

Its cash conversion cycle was 185 days (receivables 73 + inventory 132 − payables 20).

Free cash flow

American Superconductor: free cash flow by quarterAmerican Superconductor: free cash flow by quarter$5.3MQ3 FY25$5.3MQ4 FY25$3.3MQ1 FY26$2.4MQ3 FY26$7.5MQ4 FY26$5.6MQ1 FY27
Operating cash flow less capital spending.
American Superconductor: operating cash flow against capital spendingAmerican Superconductor: operating cash flow against capital spendingOperating cash flowCapital spending$5.9M$524KQ3 FY25$6.3M$1.0MQ4 FY25$4.1M$814KQ1 FY26$3.2M$893KQ3 FY26$9.3M$1.8MQ4 FY26$16.0M$10.4MQ1 FY27
Latest (Q1 FY27): Operating cash flow $16.0M, Capital spending $10.4M.

Capital allocation, year by year

American Superconductor: where the cash came from (up) and went (down), by fiscal yearAmerican Superconductor: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingAcquisitionsBuybacksFY22: Operating cash flow −$19.0MFY22: Net borrowing −$53KFY22: Shares issued $241KFY22: Capital spending −$938KFY22: Acquisitions −$11.5M$241KFY22FY23: Operating cash flow −$22.5MFY23: Net borrowing −$73KFY23: Shares issued $235KFY23: Capital spending −$1.2M$235KFY23FY24: Operating cash flow $2.1MFY24: Net borrowing −$65KFY24: Shares issued $279KFY24: Capital spending −$934K$2.4MFY24FY25: Operating cash flow $28.3MFY25: Net borrowing −$25KFY25: Capital spending −$2.4MFY25: Acquisitions −$29.6MFY25: Buybacks −$126K$28.3MFY25FY26: Operating cash flow $23.1MFY26: Net borrowing −$8.8MFY26: Capital spending −$4.9MFY26: Acquisitions −$72.1M$23.1MFY26
Over these 5 years operating cash flow totalled $12.1M; the largest uses were acquisitions ($113M) and operating cash flow ($41.5M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$170M
Debt$7.7M
Net cash$162M

American Superconductor funds itself: free cash flow was — over the last twelve months, and $170M of cash and investments stands against $7.7M of debt.

Where the cash came from and went

American Superconductor: sources (+) and uses (−) of cash, Q1 FY27American Superconductor: sources (+) and uses (−) of cash, Q1 FY27Operating cash flow$16.0MCapital spending−$10.4MCash drawn (+) / kept (−)−$5.6MOther investing−$51KExchange rates$36K

From profit to cash

American Superconductor: net income to operating cash flow, Q1 FY27American Superconductor: net income to operating cash flow, Q1 FY27Net income$9.5MDepreciation & amortization$2.6MStock-based pay$5.3MDeferred taxes−$272KOther non-cash$12KReceivables−$11.1MInventory$4.9MPayables$4.7MDeferred revenue$9.3MPrepaid and other assets−$1.9MOperating cash flow$16.0M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 FY277213420185
Q1 FY277313220185
Q4 FY266915021198
Q3 FY267716121217
Q2 FY268214920211
Q1 FY266313618181
Q4 FY256113410185
Q3 FY25631488203

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q1 FY27$16.0M−$10.4M—−$5.6M$5.6M
Q4 FY26$9.3M−$1.8M−$7.9M−$442K$7.5M
Q3 FY26$3.2M−$893K−$883K$71.6M$2.4M
Q1 FY26$4.1M−$814K—−$128M$3.3M
Q4 FY25$6.3M−$1.0M—−$5.3M$5.3M
Q3 FY25$5.9M−$524K—−$5.3M$5.3M

American Superconductor: income statement and cash flow

American Superconductor, Q2 FY27: revenue $94.0M (+43% year over year), operating margin 5.7%. The chart follows the revenue to costs, profit and cash.

American Superconductor: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.