Company: FTCI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0000950170-25-047224
Chunk: 304

Company: FTC Solar, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 304
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ization of debt discount and issue costs

    296

    709

    Paid-in-kind non-cash interest

    146

    —

    Provision for obsolete and slow-moving inventory

    177

    706

    Loss from unconsolidated subsidiary

    1,086

    660

    Gain from disposal of investment in unconsolidated subsidiary

    (8,807
    )

    (1,319
    )

    Gain on sale of Atlas

    (906
    )

    —

    Warranties issued and remediation added

    7,204

    4,310

    Warranty recoverable from manufacturer

    558

    90

    Credit loss provisions

    2,072

    7,373

    Deferred income taxes

    83

    138

    Lease expense and other

    1,123

    996

    Impact on cash from changes in operating assets and liabilities:

    Accounts receivable

    23,498

    (23,600
    )

    Inventories

    (6,416
    )

    10,338

    Prepaid and other current assets

    (934
    )

    (3,681
    )

    Other assets

    (376
    )

    383

    Accounts payable

    4,963

    (7,960
    )

    Accruals and other current liabilities

    (19,292
    )

    10,582

    Deferred revenue

    1,754

    (7,704
    )

    Other non-current liabilities

    (2,696
    )

    (3,083
    )

    Lease payments and other, net

    (1,031
    )

    (972
    )

    Net cash used in operations

    (34,699
    )

    (52,656
    )

    Cash flows from investing activities:

    Purchases of property and equipment

    (1,645
    )

    (816
    )

    Proceeds from sale of Atlas software platform

    900

    —

    Equity method investment in Alpha Steel

    (1,800
    )

    (900
    )

    Proceeds from disposal of investment in unconsolidated subsidiary

    8,807

    1,319

    Net cash provided by (used in) investing activities