Expansion of $x^4\over1+x^2$ into a power series

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I calculated the generating function $A(x)$ of the recurrence $a_n = a_{n-2} - 2a_{n-3}$, $(n \ge 0, a_0 = a_1 = 0, a_2 = 2)$ and I have no clue on how to expand it into a power series in order to read the coefficients.

$$A(x) = {-2x^4 \over 1+x^2}.$$

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Your generating function is incorrect.

You have the recurrence $$a_n=a_{n-2}-2a_{n-3}+2[n=2]\;,$$ where the last term is an Iverson bracket, and I assume that $a_n=0$ for $n<0$. Then

$$\begin{align*} A(x)&=\sum_{n\ge 0}a_nx^n\\ &=\sum_{n\ge 0}a_{n-2}x^n-2\sum_{n\ge 0}a_{n-3}x^n+2x^2\\ &=x^2A(x)-2x^3A(x)+2x^2\;, \end{align*}$$

so $$A(x)=\frac{2x^2}{1-x^2+2x^3}\;.$$

Your function is

$$\begin{align*} \frac{-2x^4}{1+x^2}&=-2x^4\cdot\frac1{1-(-x^2)}\\ &=-2x^4\sum_{n\ge 0}(-x^2)^n\\ &=-2x^4\sum_{n\ge 0}(-1)^nx^{2n}\;, \end{align*}$$

in which the coefficient of $x^2$ and of every odd power of $x$ is $0$. However, $a_2=2\ne 0$, and $a_3=a_1-2a_0=0$, so $a_5=a_3-2a_2=-4\ne 0$.

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Hint: geometric series. $1/(1+x^2) = 1/(1-r)$ where $r = ?$

But this is the wrong generating function.

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As has been pointed out, your generating function is wrong. Suppose that $$ A(x)=\sum_{k=0}^\infty a_kx^k\tag{1} $$ Then by the initial conditions and the recurrence we get that $$ \begin{align} A(x) &=2x^2+\sum_{k=3}^\infty(a_{k-2}-2a_{k-3})x^k\\ &=2x^2+\sum_{k=1}^\infty a_kx^{k+2}-2\sum_{k=0}^\infty a_kx^{k+3}\\ &=2x^2+\sum_{k=0}^\infty a_kx^{k+2}-2\sum_{k=0}^\infty a_kx^{k+3}\\[4pt] &=2x^2+(x^2-2x^3)A(x)\tag{2} \end{align} $$ And solving $(2)$ for $A(x)$ yields the generating function to be $$ A(x)=\frac{2x^2}{1-x^2+2x^3}\tag{3} $$

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To make sure I understood I'm doing this example. I hope I got it right this one.

$$ a_n = 2a_{n-1} + 4a_{n-2}\\a_0=1, a_1=3 $$

$$a_n=2a_{n-1}+4a_{n-2}+1[n=0]+1[n=1]$$

$$ A(x)=\sum_{n>=0} a_nx^n=2\sum_{n>=0}a_{n-1}x^n+4\sum_{n>=0}a_{n-2}x^n+1+x $$

$$ =2xA(x)+4x^2A(x)+1+x $$

We get: $$ A(x)={1+x\over 1-2x-4x^2} $$