Cash flow SpaceX (Space Exploration Technologies) Thailand S.E.

Stocks

SPACEX03

TH0241124708

Wireless Telecommunications Services

End-of-day quote Thailand S.E. 01/10/2026			5-day change	1st Jan Change
1.700 ^THB	+1.80%		-0.58%	-

11:12pm	Global M&A deal rush fades in third quarter as rising borrowing costs bite	RE
10:23pm	SpaceX Launches Crew for NASA on Retiring Dragon Capsule	MT

e3db0ec2c75838dc434b7616.N4Us5O_9Q4p4IuQZ76WecSsEyMdyLlx9bPJ66JhMjhQ.Y-p0l6W7ALofatYvrZHSFVhLmKtDehkEJp48scgZzF5D5F2Fp4h08ghshw

Published financial data: SPACEX (SPACE EXPLORATION TECHNOLOGIES)

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2023 (USD)	2024 (USD)	2025 (USD)
Revenues	10.39B	14.02B	18.67B
Total Revenues	10.39B	14.02B	18.67B
Cost of Goods Sold, Total	6.11B	8B	9.45B
Gross Profit	4.28B	6.02B	9.22B
Selling General & Admin Expenses, Total	1.66B	1.81B	2.64B
R&D Expenses	2.1B	3.46B	8.64B
Other Operating Expenses, Total	3.77B	5.28B	11.29B
Operating Income	507M	742M	-2.06B
Interest Expense, Total	-1.69B	-1.58B	-1.94B
Interest And Investment Income	249M	371M	492M
Net Interest Expenses	-1.44B	-1.21B	-1.45B
Other Non Operating Income (Expenses)	3M	986M	-177M
EBT, Excl. Unusual Items	-934M	519M	-3.69B
Restructuring Charges	-237M	-213M	-487M
Gain (Loss) On Sale Of Investments	-45M	-1M	-
Asset Writedown	-3.78B	-63M	-38M
EBT, Incl. Unusual Items	-4.99B	242M	-4.22B
Income Tax Expense	-363M	-549M	718M
Earnings From Continuing Operations	-4.63B	791M	-4.94B
Net Income to Company	-4.63B	791M	-4.94B
Net Income - (IS)	-4.63B	791M	-4.94B
Preferred Dividend and Other Adjustments	-	773M	-
Net Income to Common Incl Extra Items	-4.63B	18M	-4.94B
Net Income to Common Excl. Extra Items	-4.63B	18M	-4.94B
Per Share Items
Net EPS - Basic	-1.68	0.01	-1.69
Basic EPS - Continuing Operations	-1.68	0.01	-1.69
Basic Weighted Average Shares Outstanding	2.76B	2.85B	2.92B
Net EPS - Diluted	-1.68	0.01	-1.69
Diluted EPS - Continuing Operations	-1.68	0.01	-1.69
Diluted Weighted Average Shares Outstanding	2.76B	2.85B	2.92B
Normalized Basic EPS	-0.21	0.11	-0.79
Normalized Diluted EPS	-0.21	0.11	-0.79
American Depositary Receipts Ratio (ADR)	0.12	0.12	0.12
Supplemental Items
EBITDA	3.14B	4.57B	4.97B
EBITA	1.24B	1.59B	-1.28B
EBIT	507M	742M	-2.06B
EBITDAR	3.54B	5.06B	5.82B
Effective Tax Rate - (Ratio)	7.27	-226.86	-17.02
Current Domestic Taxes	35M	75M	7M
Current Foreign Taxes	15M	51M	82M
Total Current Taxes	50M	126M	89M
Deferred Domestic Taxes	-375M	-665M	663M
Deferred Foreign Taxes	-38M	-10M	-34M
Total Deferred Taxes	-413M	-675M	629M
Normalized Net Income	-584M	324M	-2.31B
Interest Capitalized	-	-	169M
Interest on Long-Term Debt	-	-	486M
Supplemental Operating Expense Items
Advertising Expense	29M	31M	69M
Selling and Marketing Expenses	29M	31M	69M
Research And Development Expense From Footnotes	2.1B	3.46B	8.64B
Net Rental Expense, Total	395M	495M	848M
Imputed Operating Lease Interest Expense	-	-	719M
Imputed Operating Lease Depreciation	-	-	129M
Stock-Based Comp., COGS (Total)	167M	193M	253M
Stock-Based Comp., R&D Exp. (Total)	179M	230M	859M
Stock-Based Comp., SG&A Exp. (Total)	333M	360M	835M
Stock-Based Comp., Other (Total)	-	1M	-
Total Stock-Based Compensation	679M	784M	1.95B

Fiscal Period: December	2023 (USD)	2024 (USD)	2025 (USD)
Assets
Cash And Equivalents	-	11.38B	24.75B
Short Term Investments	-	800M	-
Total Cash And Short Term Investments	-	12.18B	24.75B
Accounts Receivable, Total	-	1.37B	1.8B
Other Receivables	-	160M	1.22B
Total Receivables	-	1.53B	3.02B
Inventory	-	2B	2.42B
Restricted Cash	-	23M	182M
Other Current Assets, Total	-	371M	590M
Total Current Assets	-	16.11B	30.95B
Gross Property Plant And Equipment	-	32.86B	59.63B
Accumulated Depreciation	-	-8.66B	-14.43B
Net Property Plant And Equipment	-	24.2B	45.2B
Long-term Investments	-	154M	243M
Goodwill	-	11.13B	11.81B
Other Intangibles, Total	-	2.21B	1.55B
Deferred Tax Assets Long-Term	-	696M	141M
Other Long-Term Assets, Total	-	2.56B	2.19B
Total Assets	-	57.06B	92.08B
Liabilities
Accounts Payable, Total	-	4.41B	11.79B
Accrued Expenses, Total	-	484M	738M
Current Portion of Long-Term Debt	-	77M	559M
Current Portion of Leases	-	677M	791M
Current Income Taxes Payable	-	112M	563M
Unearned Revenue Current, Total	-	5.5B	6.11B
Other Current Liabilities	-	530M	846M
Total Current Liabilities	-	11.79B	21.4B
Long-Term Debt	-	12.18B	21.1B
Long-Term Leases	-	2.5B	2B
Unearned Revenue Non Current	-	4.68B	6B
Other Non Current Liabilities	-	106M	245M
Total Liabilities	-	31.26B	50.75B
Preferred Stock Convertible	-	20.94B	38.75B
Total Preferred Equity	-	20.94B	38.75B
Common Stock, Total	-	-	1M
Additional Paid In Capital	-	35.87B	37.71B
Retained Earnings	-	-32.1B	-37.04B
Comprehensive Income and Other	-	1.09B	1.9B
Total Common Equity	-	4.86B	2.57B
Total Equity	-	25.8B	41.32B
Total Liabilities And Equity	-	57.06B	92.08B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.76B	3.02B	3.08B
ECS Total Common Shares Outstanding	2.76B	3.02B	3.08B
Book Value / Share	-	1.61	0.84
Tangible Book Value	-	-8.48B	-10.78B
Tangible Book Value Per Share	-	-2.8	-3.5
Total Debt	-	15.43B	24.45B
Net Debt	-	3.25B	-293M
Debt Equivalent Oper. Leases	3.16B	3.96B	6.78B
Equity Method Investments, Total	-	-	86M
Account Code - Inventory Valuation	-	-	8
Inventories - Raw Materials, Total	-	923M	1.03B
Inventories - Work In Process, Total	-	730M	803M
Inventories - Finished Goods, Total	-	350M	583M
Land - (BS)	-	913M	1.88B
Machinery, Total	-	15.63B	21.71B
Full Time Employees	-	-	21K
Accumulated Allowance for Doubtful Accounts (Supple)	-	119M	39M
Order Backlog	-	-	16.26B

Fiscal Period: December	2023 (USD)	2024 (USD)	2025 (USD)
Net Income	-4.63B	791M	-4.94B
Depreciation & Amortization - CF	1.9B	2.98B	6.24B
Amortization of Goodwill and Intangible Assets - (CF)	738M	847M	786M
Depreciation & Amortization, Total	2.64B	3.82B	7.03B
Amortization of Deferred Charges, Total - (CF)	212M	84M	93M
Asset Writedown & Restructuring Costs	3.81B	135M	88M
Stock-Based Compensation (CF)	679M	784M	1.95B
Other Operating Activities, Total	-195M	-1.52B	474M
Change In Accounts Receivable	345M	-347M	-543M
Change In Inventories	-72M	-309M	-413M
Change In Accounts Payable	220M	472M	709M
Change in Unearned Revenues	1.7B	1.88B	1.93B
Change in Other Net Operating Assets	-182M	-19M	407M
Cash from Operations	4.52B	5.78B	6.78B
Capital Expenditure	-4.42B	-11.16B	-20.91B
Investment in Marketable and Equity Securities, Total	-471M	363M	1.31B
Other Investing Activities, Total	19M	4M	23M
Cash from Investing	-4.87B	-10.8B	-19.58B
Long-Term Debt Issued, Total	-	-	16.06B
Total Debt Issued	-	-	16.06B
Long-Term Debt Repaid, Total	-112M	-231M	-7.15B
Total Debt Repaid	-112M	-231M	-7.15B
Issuance of Common Stock	915M	13.32B	19.14B
Repurchase of Common Stock	-381M	-1.24B	-1.62B
Repurchase of Preferred Stock	-	-21M	-
Other Financing Activities, Total	-	-	-66M
Cash from Financing	422M	11.83B	26.35B
Foreign Exchange Rate Adjustments	-2M	1M	63M
Net Change in Cash	73M	6.81B	13.62B
Supplemental Items
Cash Interest Paid	1.36B	1.5B	1.48B
Cash Income Tax Paid (Refund)	45M	134M	154M
Levered Free Cash Flow	-	-	-7.61B
Unlevered Free Cash Flow	-	-	-6.49B
Change In Net Working Capital	-	-	-6.73B
Net Debt Issued / Repaid	-112M	-231M	8.9B

Fiscal Period: December	2023 (USD)	2024 (USD)	2025 (USD)
Profitability
Return on Assets	-	-	-1.73
Return on Total Capital	-	-	-2.41
Return On Equity %	-	-	-14.71
Return on Common Equity	-	-	-132.79
Margin Analysis
Gross Profit Margin %	41.18	42.95	49.39
SG&A Margin	16.03	12.94	14.16
EBITDA Margin %	30.25	32.58	26.6
EBITA Margin %	11.99	11.34	-6.84
EBIT Margin %	4.88	5.29	-11.05
Income From Continuing Operations Margin %	-44.56	5.64	-26.44
Net Income Margin %	-44.56	5.64	-26.44
Net Avail. For Common Margin %	-44.56	0.13	-26.44
Normalized Net Income Margin	-5.62	2.31	-12.36
Levered Free Cash Flow Margin	-	-	-40.75
Unlevered Free Cash Flow Margin	-	-	-34.74
Asset Turnover
Asset Turnover	-	-	0.25
Fixed Assets Turnover	-	-	0.54
Receivables Turnover (Average Receivables)	-	-	11.79
Inventory Turnover (Average Inventory)	-	-	4.28
Short Term Liquidity
Current Ratio	-	1.37	1.45
Quick Ratio	-	1.16	1.3
Operating Cash Flow to Current Liabilities	-	0.49	0.32
Days Sales Outstanding (Average Receivables)	-	-	30.96
Days Outstanding Inventory (Average Inventory)	-	-	85.33
Average Days Payable Outstanding	-	-	299.82
Cash Conversion Cycle (Average Days)	-	-	-183.53
Long Term Solvency
Total Debt/Equity	-	59.81	59.17
Total Debt / Total Capital	-	37.43	37.18
LT Debt/Equity	-	56.89	55.91
Long-Term Debt / Total Capital	-	35.6	35.12
Total Liabilities / Total Assets	-	54.78	55.12
EBIT / Interest Expense	0.3	0.47	-1.06
EBITDA / Interest Expense	1.86	3.2	2.99
(EBITDA - Capex) / Interest Expense	-0.75	-3.86	-7.76
Total Debt / EBITDA	-	3.05	4.21
Net Debt / EBITDA	-	0.64	-0.05
Total Debt / (EBITDA - Capex)	-	-2.53	-1.62
Net Debt / (EBITDA - Capex)	-	-0.53	0.02
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	34.93	33.24
Gross Profit, 1 Yr. Growth %	-	40.73	53.23
EBITDA, 1 Yr. Growth %	-	45.32	8.78
EBITA, 1 Yr. Growth %	-	27.63	-180.43
EBIT, 1 Yr. Growth %	-	46.35	-378.17
Earnings From Cont. Operations, 1 Yr. Growth %	-	-117.09	-724.15
Net Income, 1 Yr. Growth %	-	-117.09	-724.15
Normalized Net Income, 1 Yr. Growth %	-	-155.57	-811.75
Diluted EPS Before Extra, 1 Yr. Growth %	-	-100.38	-26.83K
Accounts Receivable, 1 Yr. Growth %	-	-	31.92
Inventory, 1 Yr. Growth %	-	-	20.62
Net Property, Plant and Equip., 1 Yr. Growth %	-	-	86.78
Total Assets, 1 Yr. Growth %	-	-	61.37
Tangible Book Value, 1 Yr. Growth %	-	-	27.21
Common Equity, 1 Yr. Growth %	-	-	-47.09
Cash From Operations, 1 Yr. Growth %	-	27.79	17.47
Capital Expenditures, 1 Yr. Growth %	-	152.84	87.28
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	34.08
Gross Profit, 2 Yr. CAGR %	-	-	46.85
EBITDA, 2 Yr. CAGR %	-	-	25.73
EBITA, 2 Yr. CAGR %	-	-	1.32
EBIT, 2 Yr. CAGR %	-	-	101.77
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	3.28
Net Income, 2 Yr. CAGR %	-	-	3.28
Normalized Net Income, 2 Yr. CAGR %	-	-	98.87
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	0.33
Cash From Operations, 2 Yr. CAGR %	-	-	22.52
Capital Expenditures, 2 Yr. CAGR %	-	-	117.61