American Superconductor Corporation (AMSC) financial statements (2021 and earlier)

Company profile

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

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

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments78557734273920
Cash and cash equivalents68257734273920
Short-term investments1030     
Restricted cash and investments    103
Receivables1217111081910
Inventory, net of allowances, customer advances and progress billings14191220171921
Inventory14191220171921
Other undisclosed current assets53333611
Total current assets:1109410367568365
Noncurrent Assets
Operating lease, right-of-use asset43
Property, plant and equipment109913435056
Long-term investments and receivables 5 3   
Long-term investments 5     
Accounts and financing receivable, after allowance for credit loss   3   
Intangible assets, net (including goodwill)45555011
Goodwill35222   
Intangible assets, net (excluding goodwill)10433011
Restricted cash and investments6610011
Deferred income tax assets12
Other noncurrent assets0000003
Other undisclosed noncurrent assets  11008
Total noncurrent assets:65301621455269
TOTAL ASSETS:17512411988100135134
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:17221613142322
Accounts payable41033367
Accrued liabilities4434577
Employee-related liabilities6654586
Taxes payable1131110
Other undisclosed accounts payable and accrued liabilities3111022
Deferred revenue1618
Debt    134
Derivative instruments and hedges, liabilities7 51233
Deferred revenue and credits13141211
Contract with customer, liability8
Other undisclosed current liabilities10    8
Total current liabilities:40412827324147
Noncurrent Liabilities
Long-term debt and lease obligation33   14
Long-term debt, excluding current maturities     14
Operating lease, liability33
Liabilities, other than long-term debt9889893
Deferred revenue and credits9893
Deferred revenue98
Contract with customer, liability8
Deferred income tax liabilities00
Other liabilities0000000
Other undisclosed noncurrent liabilities  2000 
Total noncurrent liabilities:12111098117
Total liabilities:52523836405254
Stockholders' equity
Stockholders' equity attributable to parent123728152608480
Common stock0000000
Treasury stock, value(4)(3)(2)(2)(1)(1)(1)
Additional paid in capital1,1201,0541,0451,0411,0181,012986
Accumulated other comprehensive income (loss)(0)(0)(0)1(1)1(0)
Accumulated deficit(994)(979)(962)(988)(956)(928)(905)
Total stockholders' equity:123728152608480
TOTAL LIABILITIES AND EQUITY:17512411988100135134

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

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Revenues12564564819671
Revenue, net48759671
Financial services revenue 0  
Cost of revenue(67)(54)(42)(45)(64)(74)(67)
Other undisclosed gross profit(40)   74  
Gross profit:17914411223
Operating expenses(39)(33)20(34)(38)(42)(65)
Other undisclosed operating income (loss)   (2)(0)(0)9
Operating income (loss):(22)(23)34(32)(28)(20)(53)
Nonoperating income (expense)(1)02(3)0(2)4
Investment income, nonoperating  0   (1)
Foreign currency transaction gain, before tax      3
Other nonoperating income (expense)(1)02(3)0(2)2
Interest and debt expense     (1)(2)
Other undisclosed income from continuing operations before equity method investments, income taxes      2
Income (loss) from continuing operations before equity method investments, income taxes:(23)(23)36(35)(27)(24)(49)
Other undisclosed income (loss) from continuing operations before income taxes16(3)213 
Income (loss) from continuing operations before income taxes:(22)(17)33(33)(26)(21)(49)
Income tax expense (benefit)1(0)(6)0(1)(2)0
Net income (loss) available to common stockholders, basic:(21)(17)27(33)(27)(23)(49)
Other undisclosed net income available to common stockholders, diluted5      
Net income (loss) available to common stockholders, diluted:(16)(17)27(33)(27)(23)(49)

Comprehensive Income ($ in millions)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Net income (loss):(21)(17)27(33)(27)(23)(49)
Other comprehensive income (loss)   1(1)1(2)
Comprehensive income (loss):(21)(17)27(31)(29)(22)(51)
Other undisclosed comprehensive loss, net of tax, attributable to parent(0)(0)(1)    
Comprehensive income (loss), net of tax, attributable to parent:(21)(17)26(31)(29)(22)(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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