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 investments44735577342739
Cash and cash equivalents44682577342739
Short-term investments 530    
Restricted cash and investments32   10
Receivables2113171110819
Inventory, net of allowances, customer advances and progress billings21131912201719
Inventory21131912201719
Other undisclosed current assets6433336
Total current assets:9510594103675683
Noncurrent Assets
Operating lease, right-of-use asset343
Property, plant and equipment14999134350
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)554455501
Goodwill4335222  
Intangible assets, net (excluding goodwill)12943301
Restricted cash and investments6661001
Deferred income tax assets112
Other noncurrent assets0000000
Other undisclosed noncurrent assets   1100
Total noncurrent assets:80643016214552
TOTAL ASSETS:17516912411988100135
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:24202216131423
Accounts payable105103336
Accrued liabilities6443457
Employee-related liabilities4765458
Taxes payable1113111
Other undisclosed accounts payable and accrued liabilities4211102
Deferred revenue241318
Debt0    13
Derivative instruments and hedges, liabilities37 5123
Deferred revenue and credits131412
Contract with customer, liability8
Other undisclosed current liabilities110    
Total current liabilities:52414128273241
Noncurrent Liabilities
Long-term debt and lease obligation333   1
Long-term debt, excluding current maturities0     1
Finance lease, liability0  
Operating lease, liability333
Liabilities, other than long-term debt7888989
Deferred revenue and credits989
Deferred revenue788
Contract with customer, liability8
Deferred income tax liabilities000
Other liabilities0000000
Other undisclosed noncurrent liabilities   2000
Total noncurrent liabilities:101211109811
Total liabilities:62525238364052
Stockholders' equity
Stockholders' equity attributable to parent1131177281526084
Common stock0000000
Treasury stock, value(4)(4)(3)(2)(2)(1)(1)
Additional paid in capital1,1321,1211,0541,0451,0411,0181,012
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:1131177281526084
TOTAL LIABILITIES AND EQUITY:17516912411988100135

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
Revenues8087645648196
Revenue, net487596
Financial services revenue 0 
Cost of revenue(70) (54)(42)(45)(64)(74)
Other undisclosed gross profit     74 
Gross profit:108791441122
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 02(3)0(2)
Other nonoperating income (expense)0 02(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 taxes0(0)6(3)213
Income (loss) from continuing operations before income taxes:(16)(24)(17)33(33)(26)(21)
Income tax expense (benefit)21(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.

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