Its Investing Activities are primarily comprised of the capital investment in distributed generation solar energy systems under long-term Energy Contracts with customers, while its Financing Activities represent the funding of its solar energy systems investments through its investor partners and lenders. Key highlights of SolarCity's Investing and Financing Activities include:
- Investments in Solar Energy Systems, Leased and to Be Leased, of $158.0 million bringing the cumulative total through the first six months of 2013 to $296.3 million
- Undeployed Tax Equity Financing Capacity of 169 MW as of August 1, 2013
Q2 2013 GAAP Cash Flows
For the second quarter ended June 30, 2013, net cash provided by Operating Activities was $74.0 million, while net cash used in Investing Activities was $159.6 million and net cash provided by Financing Activities (before the exercise of stock options and common stock warrants) was $105.0 million.
Defined as Operating Cash Flows plus Financing Cash Flows net of Investing Cash Flows (excluding equity issuance) net cash flow of $19.4 million was generated in the quarter ended June 30, 2013. Cash and cash equivalents totaled $159.6 million as of June 30, 2013.
|Condensed Statement of Cash Flows|
|$ in thousands||Three Months Ended:|
|Net Cash Provided (Used) In:||June 30, 2012||March 31, 2013||June 30, 2013|
|Financing activities (before stock options/warrants exercise)||$25,571||$98,378||$104,978|
|Net cash provided (used) before stock options/warrants exercise||($29,699)||($33,300)||$19,446|
|Net cash provided by exercise of stock options/warrants||$810||$514||$12,866|
|Net increase (decrease) in cash and cash equivalents||($28,889)||($32,786)||$32,312|
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts