American Superconductor Corporation (AMSC) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
3/31/2023
12/31/2022
MRQ
3/31/2022
3/31/2021
3/31/2020
3/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments23,36023,68540,58472,95454,84877,483
Cash and cash equivalents23,36023,68540,58467,81424,69977,483
Short-term investments    5,14030,149 
Restricted cash and investments1,7006,6002,8002,200  
Receivables30,66517,56820,28013,26716,98710,743
Inventory, net of allowances, customer advances and progress billings36,98638,72523,66613,30618,97512,119
Inventory36,98638,72523,66613,30618,97512,119
Other undisclosed current assets13,4627,5877,0063,5033,4673,053
Total current assets:106,17394,16594,336105,23094,277103,398
Noncurrent Assets
Operating lease, right-of-use asset2,8573,0683,5023,7473,359
Property, plant and equipment12,30912,61113,6568,9978,5658,972
Long-term investments and receivables     5,046 
Long-term investments     5,046 
Intangible assets, net (including goodwill)51,99852,68654,78243,7875,2694,609
Goodwill43,47143,47143,47134,6341,7191,719
Intangible assets, net (excluding goodwill)8,5279,21511,3119,1533,5502,890
Restricted cash and investments5821,0236,1485,5685,657715
Deferred income tax assets1,1141,0861,2241,2231,551
Other noncurrent assets528433239314385279
Other undisclosed noncurrent assets      1,357
Total noncurrent assets:69,38870,90779,55163,63629,83215,932
TOTAL ASSETS:175,561165,072173,887168,866124,109119,330
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:38,38332,06029,14019,81022,09115,885
Taxes payable 5229333,363
Employee-related liabilities 7,0185,6835,404
Accounts payable13,93513,54813,1925,35310,0452,939
Accrued liabilities12,34713,2345,6684,4224,0013,304
Other undisclosed accounts payable and accrued liabilities12,1015,27810,2802,4951,429875
Deferred revenue43,57234,23922,81213,26618,430
Debt757272   
Derivative instruments and hedges, liabilities 1,2708601,2007,050 4,942
Business combination, contingent consideration, liability      
Contract with customer, liability7,557
Other undisclosed current liabilities808822740612439 
Total current liabilities:84,10868,05353,96440,73840,96028,384
Noncurrent Liabilities
Long-term debt and lease obligation 1535903,2463,000 
Long-term debt, excluding current maturities 153590   
Liabilities, other than long-term debt7,4579,7777,5448,2907,9308,055
Deferred revenue7,1887,1767,2227,9917,712
Contract with customer, liability7,962
Deferred income tax liabilities243202297274180
Other liabilities262425253893
Operating lease, liability  2,375 3,2463,000
Other undisclosed noncurrent liabilities2,184 2,900  1,698
Total noncurrent liabilities:9,6569,81210,53411,53610,9309,753
Total liabilities:93,76477,86564,49852,27451,89038,137
Equity
Equity, attributable to parent81,79787,207109,389116,59272,21981,193
Common stock299299289280229216
Treasury stock, value(3,639)(3,639)(3,639)(3,593)(2,666)(2,101)
Additional paid in capital1,139,1131,137,6221,133,5361,121,4951,053,5071,044,622
Accumulated other comprehensive income (loss)1,5711,603(291)(277)(216)(5)
Accumulated deficit(1,055,547)(1,048,678)(1,020,506)(1,001,313)(978,635)(961,539)
Total equity:81,79787,207109,389116,59272,21981,193
TOTAL LIABILITIES AND EQUITY:175,561165,072173,887168,866124,109119,330

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Revenues105,984116,714108,43587,12563,83856,207
Cost of revenue(97,463)(19,990)(1,902) (54,393)(42,190)
Cost of goods and services sold(1,467)(1,246)(1,902) (1,276)(878)
Gross profit:8,52196,724106,53387,1259,44514,017
Operating expenses(41,530)(10,682)(10,002)(4,685)(32,574)20,006
Other undisclosed operating loss  (117,620)(117,620)(105,605)  
Operating income (loss):(33,009)(31,578)(21,089)(23,165)(23,129)34,023
Nonoperating income (expense)(2,069)(1,048)  2531,726
Investment income, nonoperating (1,921)(1,921)   127
Other nonoperating income (expense)(148)(47)  2531,599
Income (loss) from continuing operations before equity method investments, income taxes:(35,078)(32,626)(21,089)(23,165)(22,876)35,749
Other undisclosed income (loss) from continuing operations before income taxes252(215)47(345)5,975(2,608)
Income (loss) from continuing operations before income taxes:(34,826)(32,841)(21,042)(23,510)(16,901)33,141
Income tax expense (benefit)(215)5381,849832(195)(6,380)
Income (loss) from continuing operations:(35,041)(32,303)(19,193)(22,678)(17,096)26,761
Income (loss) before gain (loss) on sale of properties:(22,722)(19,193)(22,678)(17,096)26,761
Net income (loss) available to common stockholders, diluted:(35,041)(32,303)(19,193)(22,678)(17,096)26,761

Comprehensive Income ($ in thousands)

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Net income (loss):(35,041)(32,303)(19,193)(22,678)(17,096)26,761
Comprehensive income (loss):(35,041)(32,303)(19,193)(22,678)(17,096)26,761
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1,8622,083  (211)(888)
Comprehensive income (loss), net of tax, attributable to parent:(33,179)(30,220)(19,193)(22,678)(17,307)25,873

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.

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