Clean Energy Fuels Corp. (CLNE) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
4675 MACARTHUR COURT, SUITE 800 NEWPORT BEACH, CA 92660 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4932 - Gas and Other Services Combined (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 263,130 | 263,519 | 229,170 | 138,505 | 106,136 | 95,490 | |||
| Cash and cash equivalents | 104,944 | 123,950 | 99,448 | 108,977 | 49,207 | 29,844 | |||
| Short-term investments | 158,186 | 139,569 | 129,722 | 29,528 | 56,929 | 65,646 | |||
| Restricted cash and investments | 2,000 | ||||||||
| Receivables | 118,196 | 108,456 | 111,880 | 85,439 | 146,658 | 84,409 | |||
| Inventory, net of allowances, customer advances and progress billings | 45,335 | 37,144 | 31,302 | 28,100 | 29,874 | 34,975 | |||
| Inventory | 45,335 | 37,144 | 31,302 | 28,100 | 29,874 | 34,975 | |||
| Contract with customer, asset, after allowance for credit loss | 7,823 | 6,063 | 966 | 729 | 455 | 656 | |||
| Other undisclosed current assets | 35,691 | 54,538 | 36,618 | 10,266 | 10,669 | 10,076 | |||
| Total current assets: | 470,175 | 471,720 | 409,936 | 263,039 | 293,792 | 225,606 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 92,324 | 52,586 | 42,537 | 25,967 | ✕ | ||||
| Property, plant and equipment | 323,912 | 350,568 | |||||||
| Long-term investments and receivables, including: | 294,508 | 223,740 | 166,000 | 27,962 | 26,305 | 17,470 | |||
| Long-term investments | 258,773 | 193,273 | 109,811 | 27,962 | 26,305 | 26,079 | |||
| Accounts and financing receivable, after allowance for credit loss | 35,735 | 30,467 | 56,189 | ||||||
| Other undisclosed long-term investments and receivables | (8,609) | ||||||||
| Intangible assets, net (including goodwill) | 70,693 | 70,243 | 69,828 | 64,792 | 65,557 | 66,535 | |||
| Goodwill | 64,328 | 64,328 | 64,328 | 64,328 | 64,328 | 64,328 | |||
| Intangible assets, net (excluding goodwill) | 6,365 | 5,915 | 5,500 | 464 | 1,229 | 2,207 | |||
| Restricted cash and investments | 7,008 | 11,000 | 4,000 | 4,000 | |||||
| Other undisclosed noncurrent assets | 331,758 | 264,068 | 261,761 | 322,267 | 63,519 | 34,903 | |||
| Total noncurrent assets: | 789,283 | 610,637 | 547,134 | 451,988 | 483,293 | 473,476 | |||
| TOTAL ASSETS: | 1,259,458 | 1,082,357 | 957,070 | 715,027 | 777,085 | 699,082 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 148,529 | 134,514 | 99,511 | 69,947 | 95,073 | 67,493 | |||
| Accounts payable | 56,995 | 44,435 | 24,352 | 17,310 | 27,376 | 19,024 | |||
| Accrued liabilities | 91,534 | 90,079 | 75,159 | 52,637 | 67,697 | 48,469 | |||
| Deferred revenue | 4,936 | 5,970 | 7,251 | 2,642 | ✕ | ||||
| Debt | 1,796 | 1,041 | 13,691 | 4,432 | 56,013 | 5,405 | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 5,329 | 5,513 | ||
| Other undisclosed current liabilities | 8,562 | 6,621 | 5,451 | 2,822 | 6,147 | 1,848 | |||
| Total current liabilities: | 163,823 | 148,146 | 125,904 | 79,843 | 162,562 | 80,259 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 262,962 | 147,605 | 65,073 | 108,338 | 32,872 | 10,640 | |||
| Long-term debt, excluding current maturities | 261,123 | 145,471 | 23,215 | 82,088 | 32,872 | ||||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 10,640 | ||
| Finance lease, liability | 1,839 | 2,134 | 2,427 | 2,552 | ✕ | ||||
| Liabilities, other than long-term debt | 99,026 | 57,705 | 8,199 | 3,996 | 16,040 | 15,035 | |||
| Deferred revenue | ✕ | ||||||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 6,339 | |||
| Other liabilities | 9,961 | 8,794 | 8,199 | 3,996 | 9,701 | 15,035 | |||
| Operating lease, liability | 89,065 | 48,911 | 39,431 | 23,698 | ✕ | ||||
| Other undisclosed noncurrent liabilities | 1,430 | 2,483 | 22,582 | 68,139 | |||||
| Total noncurrent liabilities: | 361,988 | 206,740 | 75,755 | 112,334 | 71,494 | 93,814 | |||
| Total liabilities: | 525,811 | 354,886 | 201,659 | 192,177 | 234,056 | 174,073 | |||
| Equity | |||||||||
| Equity, attributable to parent | 726,770 | 719,993 | 747,076 | 513,506 | 533,408 | 507,998 | |||
| Common stock | 22 | 22 | 22 | 20 | 20 | 20 | |||
| Additional paid in capital | 1,658,339 | 1,553,668 | 1,519,918 | 1,191,791 | 1,203,186 | 1,198,769 | |||
| Accumulated other comprehensive loss | (2,119) | (3,722) | (1,622) | (209) | (1,566) | (2,138) | |||
| Accumulated deficit | (929,472) | (829,975) | (771,242) | (678,096) | (668,232) | (688,653) | |||
| Equity, attributable to noncontrolling interest | 6,877 | 7,478 | 8,335 | 9,344 | 9,621 | 17,011 | |||
| Total equity: | 733,647 | 727,471 | 755,411 | 522,850 | 543,029 | 525,009 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,259,458 | 1,082,357 | 957,070 | 715,027 | 777,085 | 699,082 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 425,159 | 420,164 | 255,646 | 291,724 | 344,065 | 346,419 | ||
| Cost of revenue | (386,869) | (361,526) | (258,114) | (234,394) | (262,229) | (261,380) | ||
| Gross profit: | 38,290 | 58,638 | (2,468) | 57,330 | 81,836 | 85,039 | ||
| Operating expenses | (114,690) | (110,345) | (92,580) | (67,174) | (71,908) | (81,144) | ||
| Operating income (loss): | (76,400) | (51,707) | (95,048) | (9,844) | 9,928 | 3,895 | ||
| Nonoperating income | 165 | 95 | 4,790 | 4,088 | 9,445 | 4,216 | ||
| Investment income, nonoperating | 3,885 | 1,063 | 7,455 | 4,782 | ||||
| Other nonoperating income (expense) | 165 | 95 | 905 | 3,025 | 1,990 | (566) | ||
| Interest and debt expense | (5,367) | (3,413) | (39) | (1,249) | ||||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | ||||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (81,602) | (55,025) | (90,297) | (7,005) | 19,373 | 8,111 | ||
| Loss from equity method investments | (12,510) | (4,824) | (430) | (161) | (119) | (2,723) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (6,409) | 479 | (3,309) | (4,054) | (5,137) | (14,230) | ||
| Income (loss) from continuing operations before income taxes: | (100,521) | (59,370) | (94,036) | (11,220) | 14,117 | (8,842) | ||
| Income tax expense (benefit) | 423 | (220) | (119) | (309) | (858) | (341) | ||
| Income (loss) from continuing operations: | (100,098) | (59,590) | (94,155) | (11,529) | 13,259 | (9,183) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (94,155) | (11,529) | 13,259 | (9,183) | |
| Net income (loss): | (100,098) | (59,590) | (94,155) | (11,529) | 13,259 | (9,183) | ||
| Net income attributable to noncontrolling interest | 601 | 857 | 1,009 | 1,665 | 7,162 | 5,393 | ||
| Net income (loss) available to common stockholders, diluted: | (99,497) | (58,733) | (93,146) | (9,864) | 20,421 | (3,790) | ||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (100,098) | (59,590) | (94,155) | (11,529) | 13,259 | (9,183) | ||
| Other comprehensive income (loss) | 1,603 | (2,100) | (1,413) | 1,357 | 572 | (1,251) | ||
| Comprehensive income (loss): | (98,495) | (61,690) | (95,568) | (10,172) | 13,831 | (10,434) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 601 | 857 | 1,009 | 1,665 | 7,162 | 5,393 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (97,894) | (60,833) | (94,559) | (8,507) | 20,993 | (5,041) | ||
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.