Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 1774

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 5
Chunk 1774
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 (3,222) 
     3,039  
     (6,261)
  
    Net cash provided by/(used in) operating activities – Discontinued Operations 
     95,592  
     10,173  
     85,419 

    Net cash provided by/(used in) investing activities 
     (1,679) 
     (634) 
     (1,045)
  
    Net cash provided by/(used in) investing activities – Discontinued Operations 
     23,088  
     (124) 
     23,212 

    Net cash provided by/(used in) financing activities 
     1,183  
     21,094  
     (19,911)
  
    Net cash provided by/(used in) financing activities – Discontinued Operations 
     (137,729) 
     (17,164) 
     (120,565)

    Effect of exchange rate on cash 
     (1,637) 
     433  
     (2,070)

Net Cash Used in Operating Activities 

Net cash used in continuing operating activities
for the year ended December 31, 2024 compared to 2023 increased by $6.3 million. The net loss decreased by $7.9 million in 2024, which
was mainly due to a decrease in revenues, costs of revenues, depreciation, other expenses as described above and an increase in selling,
general, and administrative expenses, development costs, and interest expense. The offsetting increase was a result of the normal fluctuations
of receivables and payables over the normal course of business operations. All expenses contributing to the decrease in the net loss are
non-cash items recognized on the Consolidated Statement of Operation and Comprehensive Loss.

Net cash provided by discontinued operating activities
for the year ended December 31, 2024 compared to 2023 increased by $85.4 million. The net loss decreased by $84.7 million in 2024, which
was mainly due to a decrease in revenues, cost of revenues, selling, general, and administrative expenses, depreciation, development costs,
interest expense, other expenses as described above, and a gain of $55.0 million for the net sale of the Poland, Netherlands, and Romanian
operating parks. The remaining increase was a result of the normal fluctuations of receivables and payables over the normal course of