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
Q1
10/31/2021
Q4
7/31/2021
Q3
4/30/2021
Q2
1/31/2021
Q1
10/31/2020
Q4
7/31/2020
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments37743246913917915066
Cash and cash equivalents37743246913917915066
Restricted cash and investments1311101712  
Receivables44242320181815
Inventory, net of allowances, customer advances and progress billings65676059625152
Inventory65676059625152
Other current assets1091210768
Other undisclosed current assets     96
Total current assets:509543574246278234147
Noncurrent Assets
Inventory, Noncurrent5555599
Finance lease, right-of-use asset 0 0000
Operating lease, right-of-use asset888891010
Property, plant and equipment41393635353637
Intangible assets, net (including goodwill)22232323242424
Goodwill4444444
Intangible assets, net (excluding goodwill)18191919202020
Restricted cash and investments16171515193335
Other noncurrent assets18171917181513
Other undisclosed noncurrent assets236223199187165162161
Total noncurrent assets:346332305290274290290
TOTAL ASSETS:855875880536552524437
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities48352429192525
Accounts payable2219111681010
Accrued liabilities26161413111615
Deferred revenue166817191010
Debt101099152118
Other undisclosed current liabilities1111122
Total current liabilities:75534356535955
Noncurrent Liabilities
Long-term debt and lease obligation, including:8888810149
Operating lease, liability888881010
Other undisclosed long-term debt and lease obligation      139
Liabilities, other than long-term debt10010910310210418231
Deferred revenue18302927263231
Other liabilities8179747678151 
Other undisclosed noncurrent liabilities     1846
Total noncurrent liabilities:107117111110112210226
Total liabilities:183170154167165269281
Temporary equity, carrying amount153     
Stockholders' equity
Stockholders' equity attributable to parent60264266630932819596
Common stock0000000
Treasury stock, value(1)(1)(1)(1)(0)(0)(0)
Additional paid in capital1,9091,9081,9081,5391,5381,3591,243
Deferred employee stock ownership plan, issuance of shares or sale of treasury shares1111000
Accumulated other comprehensive loss(1)(1)(1)(1)(1)(1)(1)
Accumulated deficit(1,306)(1,265)(1,241)(1,229)(1,210)(1,164)(1,145)
Stockholders' equity attributable to noncontrolling interest(5)      
Other undisclosed stockholders' equity  6060606060
Total stockholders' equity:597642726369387254156
Other undisclosed liabilities and equity6060     
TOTAL LIABILITIES AND EQUITY:855875880536552524437

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

1/31/2022
Q1
10/31/2021
Q4
7/31/2021
Q3
4/30/2021
Q2
1/31/2021
Q1
10/31/2020
Q4
7/31/2020
Q3
Revenues32142714151719
Cost of revenue
(Cost of Goods and Services Sold)
(35)(22)(26)(19)(18)(25)(22)
Gross profit:(3)(8)1(5)(4)(8)(3)
Operating expenses(42)(14)(12)(13)(11)(9)(8)
Operating loss:(45)(23)(11)(17)(14)(17)(11)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
0000(1)0(1)
Interest and debt expense(1)(2)(2)(2)(14)(4)(2)
Loss from continuing operations before equity method investments, income taxes:(46)(24)(12)(19)(29)(21)(14)
Other undisclosed income (loss) from continuing operations before income taxes    (17)2(2)
Loss from continuing operations before income taxes:(46)(24)(12)(19)(46)(19)(15)
Income tax expense (benefit) 0(0)0 (0)(0)
Net loss:(46)(24)(12)(19)(46)(19)(15)
Net loss attributable to noncontrolling interest(6)      
Other undisclosed net income (loss) attributable to parent11(0)     
Net loss attributable to parent:(41)(24)(12)(19)(46)(19)(15)
Other undisclosed net loss available to common stockholders, basic(1)(1)(1)(1)(1)(1)(1)
Net loss available to common stockholders, diluted:(41)(25)(13)(20)(47)(20)(16)

Comprehensive Income ($ in millions)

1/31/2022
Q1
10/31/2021
Q4
7/31/2021
Q3
4/30/2021
Q2
1/31/2021
Q1
10/31/2020
Q4
7/31/2020
Q3
Net loss:(46)(24)(12)(19)(46)(19)(15)
Other undisclosed comprehensive loss(0)      
Comprehensive loss:(46)(24)(12)(19)(46)(19)(15)
Comprehensive income, net of tax, attributable to noncontrolling interest5      
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (0)(0)(0)00(0)
Comprehensive loss, net of tax, attributable to parent:(41)(24)(12)(19)(46)(19)(15)

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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