American Superconductor Corporation (AMSC) financial statements (2022 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)
| 12/31/2021 TTM | 3/31/2021 | 3/31/2020 | 3/31/2019 | 3/31/2018 | 3/31/2017 | 3/31/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 44 | 73 | 55 | 77 | 34 | 27 | 39 | ||
| Cash and cash equivalents | 44 | 68 | 25 | 77 | 34 | 27 | 39 | ||
| Short-term investments | 5 | 30 | |||||||
| Restricted cash and investments | 3 | 2 | 1 | 0 | |||||
| Receivables | 21 | 13 | 17 | 11 | 10 | 8 | 19 | ||
| Inventory, net of allowances, customer advances and progress billings | 21 | 13 | 19 | 12 | 20 | 17 | 19 | ||
| Inventory | 21 | 13 | 19 | 12 | 20 | 17 | 19 | ||
| Other undisclosed current assets | 6 | 4 | 3 | 3 | 3 | 3 | 6 | ||
| Total current assets: | 95 | 105 | 94 | 103 | 67 | 56 | 83 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 3 | 4 | 3 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 14 | 9 | 9 | 9 | 13 | 43 | 50 | ||
| 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) | 55 | 44 | 5 | 5 | 5 | 0 | 1 | ||
| Goodwill | 43 | 35 | 2 | 2 | 2 | ||||
| Intangible assets, net (excluding goodwill) | 12 | 9 | 4 | 3 | 3 | 0 | 1 | ||
| Restricted cash and investments | 6 | 6 | 6 | 1 | 0 | 0 | 1 | ||
| Deferred income tax assets | 1 | 1 | 2 | ✕ | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Other undisclosed noncurrent assets | 1 | 1 | 0 | 0 | |||||
| Total noncurrent assets: | 80 | 64 | 30 | 16 | 21 | 45 | 52 | ||
| TOTAL ASSETS: | 175 | 169 | 124 | 119 | 88 | 100 | 135 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 24 | 20 | 22 | 16 | 13 | 14 | 23 | ||
| Accounts payable | 10 | 5 | 10 | 3 | 3 | 3 | 6 | ||
| Accrued liabilities | 6 | 4 | 4 | 3 | 4 | 5 | 7 | ||
| Employee-related liabilities | 4 | 7 | 6 | 5 | 4 | 5 | 8 | ||
| Taxes payable | 1 | 1 | 1 | 3 | 1 | 1 | 1 | ||
| Other undisclosed accounts payable and accrued liabilities | 4 | 2 | 1 | 1 | 1 | 0 | 2 | ||
| Deferred revenue | 24 | 13 | 18 | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 0 | 1 | 3 | ||||||
| Derivative instruments and hedges, liabilities | 3 | 7 | 5 | 1 | 2 | 3 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 13 | 14 | 12 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | 8 | ✕ | ✕ | ✕ | ||
| Other undisclosed current liabilities | 1 | 1 | 0 | ||||||
| Total current liabilities: | 52 | 41 | 41 | 28 | 27 | 32 | 41 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 3 | 3 | 3 | 1 | |||||
| Long-term debt, excluding current maturities | 0 | 1 | |||||||
| Finance lease, liability | 0 | ✕ | ✕ | ✕ | ✕ | ||||
| Operating lease, liability | 3 | 3 | 3 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 7 | 8 | 8 | 8 | 9 | 8 | 9 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 9 | 8 | 9 | ||
| Deferred revenue | 7 | 8 | 8 | ✕ | ✕ | ✕ | ✕ | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | 8 | ✕ | ✕ | ✕ | ||
| Deferred income tax liabilities | 0 | 0 | 0 | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Other undisclosed noncurrent liabilities | 2 | 0 | 0 | 0 | |||||
| Total noncurrent liabilities: | 10 | 12 | 11 | 10 | 9 | 8 | 11 | ||
| Total liabilities: | 62 | 52 | 52 | 38 | 36 | 40 | 52 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 113 | 117 | 72 | 81 | 52 | 60 | 84 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Treasury stock, value | (4) | (4) | (3) | (2) | (2) | (1) | (1) | ||
| Additional paid in capital | 1,132 | 1,121 | 1,054 | 1,045 | 1,041 | 1,018 | 1,012 | ||
| Accumulated other comprehensive income (loss) | (0) | (0) | (0) | (0) | 1 | (1) | 1 | ||
| Accumulated deficit | (1,015) | (1,001) | (979) | (962) | (988) | (956) | (928) | ||
| Total stockholders' equity: | 113 | 117 | 72 | 81 | 52 | 60 | 84 | ||
| TOTAL LIABILITIES AND EQUITY: | 175 | 169 | 124 | 119 | 88 | 100 | 135 | ||
Income statement (P&L) ($ in millions)
| 12/31/2021 TTM | 3/31/2021 | 3/31/2020 | 3/31/2019 | 3/31/2018 | 3/31/2017 | 3/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 80 | 87 | 64 | 56 | 48 | 1 | 96 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 48 | 75 | 96 | |
| Financial services revenue | ✕ | ✕ | ✕ | ✕ | 0 | |||
| Cost of revenue | (70) | (54) | (42) | (45) | (64) | (74) | ||
| Other undisclosed gross profit | 74 | |||||||
| Gross profit: | 10 | 87 | 9 | 14 | 4 | 11 | 22 | |
| Operating expenses | (26) | (5) | (33) | 20 | (34) | (38) | (42) | |
| Other undisclosed operating loss | (106) | (2) | (0) | (0) | ||||
| Operating income (loss): | (16) | (23) | (23) | 34 | (32) | (28) | (20) | |
| Nonoperating income (expense) | 0 | 0 | 2 | (3) | 0 | (2) | ||
| Other nonoperating income (expense) | 0 | 0 | 2 | (3) | 0 | (2) | ||
| Interest and debt expense | (1) | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (16) | (23) | (23) | 36 | (35) | (27) | (24) | |
| Other undisclosed income (loss) from continuing operations before income taxes | 0 | (0) | 6 | (3) | 2 | 1 | 3 | |
| Income (loss) from continuing operations before income taxes: | (16) | (24) | (17) | 33 | (33) | (26) | (21) | |
| Income tax expense (benefit) | 2 | 1 | (0) | (6) | 0 | (1) | (2) | |
| Net income (loss) available to common stockholders, diluted: | (14) | (23) | (17) | 27 | (33) | (27) | (23) | |
Comprehensive Income ($ in millions)
| 12/31/2021 TTM | 3/31/2021 | 3/31/2020 | 3/31/2019 | 3/31/2018 | 3/31/2017 | 3/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (14) | (23) | (17) | 27 | (33) | (27) | (23) | |
| Other comprehensive income (loss) | 1 | (1) | 1 | |||||
| Comprehensive income (loss): | (14) | (23) | (17) | 27 | (31) | (29) | (22) | |
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (0) | (0) | (1) | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | (14) | (23) | (17) | 26 | (31) | (29) | (22) | |
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.