Bloom Energy Corporation (BE) Financial Statements (2024 and earlier)

Company Profile

Business Address 4353 NORTH FIRST STREET
SAN JOSE, CA 95134
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 362 - Electrical Industrial Apparatus (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments348,498396,035246,947202,823325,078
Cash and cash equivalents348,498396,035246,947202,823220,728
Short-term investments     104,350
Net investment in lease, before allowance for credit loss   5,428 
Restricted cash and investments51,51592,54052,47030,80428,657
Receivables250,99593,252105,15244,85185,888
Inventory, net of allowances, customer advances and progress billings268,394143,370142,059109,606132,476
Inventory268,394143,370142,059109,606132,476
Prepaid expense     
Contract with customer, asset, after allowance for credit loss46,72725,201   
Deferred costs46,19125,04041,46958,47062,147
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases5,594
Other undisclosed current assets43,64330,98225,07926,15332,741
Total current assets:1,055,963806,420618,604472,707672,581
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization2,8242,944334 
Operating lease, right-of-use asset126,955106,66035,621 
Net investment in lease, before allowance for credit loss   45,268 
Property, plant and equipment   600,628607,059481,414
Long-term investments and receivables     67,082
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases67,082
Intangible assets, net (including goodwill)  1,957   
Goodwill  1,957   
Restricted cash and investments118,353126,539117,293143,76131,100
Deferred costs4,7371,2892,4626,665102,699
Other noncurrent assets40,20539,11634,51141,65234,792
Other undisclosed noncurrent assets597,590640,646(334)50,747 
Total noncurrent assets:890,664919,151835,783849,884717,087
TOTAL ASSETS:1,946,6271,725,5711,454,3871,322,5911,389,668
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities161,77072,96758,33455,57966,889
Accounts payable161,77072,96758,33455,57966,889
Debt 26,02326,694120,920337,58329,848
Other liabilities144,183114,138112,00470,28469,535
Other undisclosed current liabilities209,970128,680145,119110,518113,394
Total current liabilities:541,946342,479436,377573,964279,666
Noncurrent Liabilities
Long-term debt and lease obligation387,527609,243312,169299,229711,433
Long-term debt, excluding current maturities385,556500,899270,053299,229711,433
Finance lease, liability1,9712,157267 
Liabilities, other than long-term debt141,85416,77217,26845,56466,065
Other liabilities9,49116,77212,27928,01355,937
Operating lease, liability132,363106,18741,849 
Derivative instruments and hedges, liabilities   4,98917,55110,128
Other undisclosed noncurrent liabilities496,484550,053547,177571,694241,794
Total noncurrent liabilities:1,025,8651,176,068876,614916,4871,019,292
Total liabilities:1,567,8111,518,5471,312,9911,490,4511,298,958
Temporary equity, carrying amount  208,85137744357,261
Equity
Equity, attributable to parent340,777(44,326)78,824(259,594)(91,661)
Common stock2018171211
Additional paid in capital3,906,4913,219,0813,182,7532,686,7592,480,597
Accumulated other comprehensive income (loss)(1,251)(350)(9)19131
Accumulated deficit(3,564,483)(3,263,075)(3,103,937)(2,946,384)(2,572,400)
Equity, attributable to noncontrolling interest38,03942,49962,19591,291125,110
Total equity:378,816(1,827)141,019(168,303)33,449
TOTAL LIABILITIES AND EQUITY:1,946,6271,725,5711,454,3871,322,5911,389,668

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,199,125972,176794,247785,177742,038
Revenue from related parties36,28116,0387,562228,10032,381
Cost of revenue(1,050,837)(774,595)(628,454)(687,590)(624,968)
Gross profit:148,288197,581165,79397,587117,070
Operating expenses(409,280)(312,083)(246,578)(330,391)(270,927)
Operating loss:(260,992)(114,502)(80,785)(232,804)(153,857)
Nonoperating income (expense)8,885(7,877)(6,843)6,3673,323
Investment income, nonoperating3,8872621,4755,6614,322
Other nonoperating income (expense)4,998(8,139)(8,318)706(999)
Interest and debt expense(8,955)(69,000)(91,678)(100,134)(85,800)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   4753,738(21,618)
Loss from continuing operations before equity method investments, income taxes:(261,062)(191,379)(178,831)(322,833)(257,952)
Other undisclosed loss from continuing operations before income taxes(52,927)(944)   
Loss from continuing operations before income taxes:(313,989)(192,323)(178,831)(322,833)(257,952)
Income tax expense(1,097)(1,046)(256)(633)(1,537)
Loss from continuing operations:(315,086)(193,369)(179,087)(323,466)(259,489)
Loss before gain (loss) on sale of properties:(193,369)(179,087)(323,466)(259,489)
Net loss:(315,086)(193,369)(179,087)(323,466)(259,489)
Net income attributable to noncontrolling interest13,678  19,05217,736
Other undisclosed net income (loss) attributable to parent 28,92421,534  
Net loss attributable to parent:(301,408)(164,445)(157,553)(304,414)(241,753)
Preferred stock dividends and other adjustments    (2,454) 
Other undisclosed net loss available to common stockholders, basic(300)    
Net loss available to common stockholders, diluted:(301,708)(164,445)(157,553)(306,868)(241,753)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(315,086)(193,369)(179,087)(323,466)(259,489)
Other comprehensive income (loss)(794)14,648(6,919)(281)2,124
Comprehensive loss:(315,880)(178,721)(186,006)(323,747)(257,365)
Comprehensive income, net of tax, attributable to noncontrolling interest13,27113,93528,42519,05215,905
Other undisclosed comprehensive loss, net of tax, attributable to parent    (19,052) 
Comprehensive loss, net of tax, attributable to parent:(302,609)(164,786)(157,581)(323,747)(241,460)

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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