Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 1789

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 5
Chunk 1789
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679) 
    $(67,133) 
    $(33,885)

The accompanying notes are an integral part of
these consolidated financial statements.

F-6

ALTERNUS CLEAN ENERGY, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands, except share and per share data)

    Year Ended December 31, 

    2024  
    2023 
  
    Cash Flows from Operating Activities 

    Net income/(loss) 
    $21,078  
    $(69,464)
  
    Income/(loss) from discontinued operations, net of tax 
     45,832  
     (36,851)
  
    Loss from continuing operations 
    $(24,754) 
    $(32,613)
  
    Adjustments to reconcile loss from continuing operations to net cash provided by/(used in) operations: 

    Depreciation, amortization and accretion 
     215  
     1,673 
  
    Amortization of debt discount 
     891  
     2,394 
  
    Development costs 
     748  
     - 
  
    Debt issuance cost of convertible debt 
     1,641  
     - 
  
    Credit loss expense 
     -  
     8 
  
    Share-based compensation to third parties 
     321  
     - 
  
    Gain (loss) on foreign currency exchange rates 
     (700) 
     (394)
  
    Fair value movement of FPA asset 
     483  
     16,642 
  
    Fair value movement of convertible debt 
     (67) 
     - 
  
    Fair value movement in warrant liability 
     (565) 
     - 
  
    Loss on issuance of debt 
     520  
     - 
  
    Gain on extinguishment of debt 
     (179) 
     - 
  
    Impairment of asset 
     3,263  
     - 
  
    Loss on disposal of asset 
     1,301  
     3,889 
  
    Non-cash operating lease assets 
     35  
     (332)
  
    Changes in assets and liabilities, net of effects of acquisitions: 

    Accounts receivable and other short-term receivables 
     (28)