FuelCell Energy, Inc. (FCEL) financial statements (2022 and earlier)

Company profile

Business Address 3 GREAT PASTURE RD
DANBURY, CT 06813
State of Incorp. DE
Fiscal Year End October 31
SIC 362 - Electrical Industrial Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

1/31/2022
TTM
10/31/2021
10/31/2020
10/31/2019
10/31/2018
10/31/2017
10/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3774321509394984
Cash and cash equivalents3774321509394984
Restricted cash and investments1311 3659
Receivables44241811236925
Inventory, net of allowances, customer advances and progress billings65675155547474
Inventory65675155547474
Other current assets109669710
Other undisclosed current assets  9    
Total current assets:50954323484130204202
Noncurrent Assets
Inventory, Noncurrent5592   
Finance lease, right-of-use asset 00 
Operating lease, right-of-use asset881010
Property, plant and equipment41393641484437
Long-term investments and receivables, including:    9  
Other undisclosed long-term investments and receivables    9  
Intangible assets, net (including goodwill)22232425141414
Goodwill4444444
Intangible assets, net (excluding goodwill)18192021101010
Restricted cash and investments16173327353425
Other noncurrent assets1817159141718
Other undisclosed noncurrent assets236223162134907347
Total noncurrent assets:346332290249210180140
TOTAL ASSETS:855875524333340384342
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities48352528306139
Accounts payable22191017234318
Accrued liabilities2616161181821
Deferred revenue1661011
Debt1010212218285
Deferred revenue and credits87
Other undisclosed current liabilities11211211
Total current liabilities:75535963609852
Noncurrent Liabilities
Long-term debt and lease obligation8810    
Operating lease, liability8810 
Liabilities, other than long-term debt1001091821197283103
Deferred revenue and credits1921
Deferred revenue18303229
Other liabilities817915190726482
Other undisclosed noncurrent liabilities  1816321413
Total noncurrent liabilities:10711721013510397116
Total liabilities:183170269198163195168
Temporary equity, carrying amount153    60
Stockholders' equity
Stockholders' equity attributable to parent6026421957682101114
Common stock0000000
Treasury stock, value(1)(1)(0)(0)(0)(0)(0)
Additional paid in capital1,9091,9081,3591,1511,0731,0451,005
Deferred employee stock ownership plan, issuance of shares or sale of treasury shares1100000
Accumulated other comprehensive loss(1)(1)(1)(1)(0)(0)(1)
Accumulated deficit(1,306)(1,265)(1,164)(1,075)(991)(944)(890)
Stockholders' equity attributable to noncontrolling interest(5)      
Other undisclosed stockholders' equity  6060   
Total stockholders' equity:59764225413682101114
Other undisclosed liabilities and equity6060  9588 
TOTAL LIABILITIES AND EQUITY:855875524333340384342

Income statement (P&L) ($ in millions)

1/31/2022
TTM
10/31/2021
10/31/2020
10/31/2019
10/31/2018
10/31/2017
10/31/2016
Revenues877071618996108
Revenue, net7795
Cost of revenue(101)(85)(79)(82)(86)(93)(109)
Cost of goods and services sold(101)(85)(79)(82)(86)(80)(97)
Gross profit:(15)(16)(8)(21)33(0)
Operating expenses(80)(49)(31)(46)(48)(48)(46)
Operating loss:(95)(65)(39)(67)(45)(45)(46)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
0(1)10301
Interest and debt expense(6)(19)(13)(11)(9)(9)(5)
Loss from continuing operations before equity method investments, income taxes:(101)(84)(52)(77)(50)(54)(51)
Other undisclosed loss from continuing operations before income taxes (17)(37)    
Loss from continuing operations before income taxes:(101)(101)(89)(77)(50)(54)(51)
Income tax expense (benefit)(0)(0)(0)(0)3(0)(1)
Net loss:(101)(101)(89)(78)(47)(54)(51)
Net income (loss) attributable to noncontrolling interest(6)(0)    0
Other undisclosed net income attributable to parent11      
Net loss attributable to parent:(96)(101)(89)(78)(47)(54)(51)
Other undisclosed net loss available to common stockholders, basic(3)(3)(3)(23)(15)(3)(3)
Net loss available to common stockholders, diluted:(99)(104)(92)(100)(62)(57)(54)

Comprehensive Income ($ in millions)

1/31/2022
TTM
10/31/2021
10/31/2020
10/31/2019
10/31/2018
10/31/2017
10/31/2016
Net loss:(101)(101)(89)(78)(47)(54)(51)
Other undisclosed comprehensive loss(0)      
Comprehensive loss:(101)(101)(89)(78)(47)(54)(51)
Comprehensive income, net of tax, attributable to noncontrolling interest5     0
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)(0)(0)(0)00(0)
Comprehensive loss, net of tax, attributable to parent:(96)(101)(89)(78)(47)(54)(51)

Statements sources

The financial statements are based on the company's filings with the 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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