American Superconductor Corporation (AMSC) Financial Statements (2024 and earlier)

Company Profile

Business Address SIXTY FOUR JACKSON ROAD
DEVENS, MA 01434
State of Incorp. DE
Fiscal Year End March 31
Industry (SIC) 3621 - Motors and Generators (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
12/31/2022
Q3
9/30/2022
Q2
6/30/2022
Q1
3/31/2022
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments22,00523,36023,68527,81133,35540,584
Cash and cash equivalents22,00523,36023,68527,81133,35540,584
Restricted cash and investments5001,7006,6003,6003,8002,800
Receivables30,11630,66517,56820,39121,73120,280
Inventory, net of allowances, customer advances and progress billings42,87436,98638,72536,34232,92423,666
Inventory42,87436,98638,72536,34232,92423,666
Other undisclosed current assets6,69913,4627,5876,8356,4007,006
Total current assets:102,194106,17394,16594,97998,21094,336
Noncurrent Assets
Operating lease, right-of-use asset2,6942,8573,0683,2743,4843,502
Property, plant and equipment11,94712,30912,61112,79813,39713,656
Intangible assets, net (including goodwill)51,45451,99852,68653,38254,07054,782
Goodwill43,47143,47143,47143,47143,47143,471
Intangible assets, net (excluding goodwill)7,9838,5279,2159,91110,59911,311
Restricted cash and investments6225821,0235,9685,9686,148
Deferred income tax assets1,1151,1141,0861,0231,0911,224
Other noncurrent assets608528433323288239
Total noncurrent assets:68,44069,38870,90776,76878,29879,551
TOTAL ASSETS:170,634175,561165,072171,747176,508173,887
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:28,82838,38332,06036,08235,40429,140
Accounts payable10,87813,93513,54818,18419,21313,192
Accrued liabilities10,27112,34713,2347,4235,6395,668
Other undisclosed accounts payable and accrued liabilities7,67912,1015,27810,47510,55210,280
Deferred revenue50,85643,57234,23928,82427,04422,812
Debt647572727272
Derivative instruments and hedges, liabilities  1,2708601,0801,3701,200
Business combination, contingent consideration, liability2,620     
Other undisclosed current liabilities781808822822821740
Total current liabilities:83,14984,10868,05366,88064,71153,964
Noncurrent Liabilities
Long-term debt and lease obligation 915352,6302,85490
Long-term debt, excluding current maturities 91535587190
Liabilities, other than long-term debt7,5117,4579,7776,8547,0307,544
Deferred revenue7,2277,1887,1766,6306,7117,222
Deferred income tax liabilities259243202203297297
Other liabilities252624212225
Operating lease, liability   2,3752,5722,783 
Other undisclosed noncurrent liabilities2,0472,184   2,900
Total noncurrent liabilities:9,5679,6569,8129,4849,88410,534
Total liabilities:92,71693,76477,86576,36474,59564,498
Equity
Equity, attributable to parent77,91881,79787,20795,383101,913109,389
Common stock307299299293289289
Treasury stock, value(3,639)(3,639)(3,639)(3,639)(3,639)(3,639)
Additional paid in capital1,140,6261,139,1131,137,6221,136,0281,134,7071,133,536
Accumulated other comprehensive income (loss)1,5691,5711,6031,798(228)(291)
Accumulated deficit(1,060,945)(1,055,547)(1,048,678)(1,039,097)(1,029,216)(1,020,506)
Total equity:77,91881,79787,20795,383101,913109,389
TOTAL LIABILITIES AND EQUITY:170,634175,561165,072171,747176,508173,887

Income Statement (P&L) ($ in thousands)

9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
12/31/2022
Q3
9/30/2022
Q2
6/30/2022
Q1
3/31/2022
Q4
Revenues30,25431,74323,88127,68022,67942,474
Cost of revenue(23,972)(27,930)(23,364)(25,710)(20,458)49,542
Gross profit:6,2823,8135171,9702,22192,016
Operating expenses(11,615)(10,652)(9,726)(10,062)(11,090)20,196
Other undisclosed operating loss      (117,620)
Operating loss:(5,333)(6,839)(9,209)(8,092)(8,869)(5,408)
Nonoperating income (expense)(118)(100)(287)(1,848)167920
Investment income, nonoperating    (1,921)  
Other nonoperating income (expense)(118)(100)(287)73167 
Loss from continuing operations before equity method investments, income taxes:(5,451)(6,939)(9,496)(9,940)(8,702)(4,488)
Other undisclosed income (loss) from continuing operations before income taxes174140424524(326)
Loss from continuing operations before income taxes:(5,277)(6,799)(9,454)(9,895)(8,678)(4,814)
Income tax expense (benefit)(121)(71)(127)14(32)683
Loss from continuing operations:(5,398)(6,870)(9,581)(9,881)(8,710)(4,131)
Loss before gain (loss) on sale of properties:(9,881)(8,710)(4,131)
Net loss available to common stockholders, diluted:(5,398)(6,870)(9,581)(9,881)(8,710)(4,131)

Comprehensive Income ($ in thousands)

9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
12/31/2022
Q3
9/30/2022
Q2
6/30/2022
Q1
3/31/2022
Q4
Net loss:(5,398)(6,870)(9,581)(9,881)(8,710)(4,131)
Comprehensive loss:(5,398)(6,870)(9,581)(9,881)(8,710)(4,131)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2)(32)(195)2,02663189
Comprehensive loss, net of tax, attributable to parent:(5,400)(6,902)(9,776)(7,855)(8,647)(3,942)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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