Bloom Energy Corporation (BE) financial statements (2021 and earlier)
Company profile
| Business Address |
4353 NORTH FIRST STREET SAN JOSE, CA 95134 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 362 - Electrical Industrial Apparatus (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 247 | 203 | 325 | ||
| Cash and cash equivalents | 247 | 203 | 221 | ||
| Short-term investments | 104 | ||||
| Net investment in lease | 5 | ✕ | |||
| Restricted cash and investments | 52 | 31 | 29 | ||
| Receivables | 105 | 45 | 86 | ||
| Inventory, net of allowances, customer advances and progress billings | 142 | 110 | 132 | ||
| Inventory | 142 | 110 | 132 | ||
| Deferred costs | 41 | 58 | 62 | ||
| Capital leases, lessor balance sheet, net investment in direct financing and sales type leases | ✕ | ✕ | 6 | ||
| Other undisclosed current assets | 25 | 26 | 33 | ||
| Total current assets: | 619 | 473 | 673 | ||
| Noncurrent Assets | |||||
| Finance lease, right-of-use asset | 0 | ✕ | |||
| Operating lease, right-of-use asset | 36 | ✕ | |||
| Net investment in lease | 45 | ✕ | |||
| Property, plant and equipment | 601 | 607 | 481 | ||
| Long-term investments and receivables | 67 | ||||
| Capital leases, lessor balance sheet, net investment in direct financing and sales type leases | ✕ | ✕ | 67 | ||
| Restricted cash and investments | 117 | 144 | 31 | ||
| Deferred costs | 2 | 7 | 103 | ||
| Other noncurrent assets | 35 | 42 | 35 | ||
| Other undisclosed noncurrent assets | (0) | 51 | |||
| Total noncurrent assets: | 836 | 850 | 717 | ||
| TOTAL ASSETS: | 1,454 | 1,323 | 1,390 | ||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities | 58 | 56 | 67 | ||
| Accounts payable | 58 | 56 | 67 | ||
| Debt | 121 | 338 | 30 | ||
| Other liabilities | 112 | 70 | 70 | ||
| Other undisclosed current liabilities | 145 | 111 | 113 | ||
| Total current liabilities: | 436 | 574 | 280 | ||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation | 312 | 299 | 711 | ||
| Long-term debt, excluding current maturities | 270 | 299 | 711 | ||
| Finance lease, liability | 0 | ✕ | |||
| Operating lease, liability | 42 | ✕ | |||
| Liabilities, other than long-term debt | 17 | 46 | 66 | ||
| Other liabilities | 12 | 28 | 56 | ||
| Derivative instruments and hedges, liabilities | 5 | 18 | 10 | ||
| Other undisclosed noncurrent liabilities | 547 | 572 | 242 | ||
| Total noncurrent liabilities: | 877 | 916 | 1,019 | ||
| Total liabilities: | 1,313 | 1,490 | 1,299 | ||
| Temporary equity, carrying amount | 0 | 0 | 57 | ||
| Stockholders' equity | |||||
| Stockholders' equity attributable to parent | 79 | (260) | (92) | ||
| Common stock | 0 | 0 | 0 | ||
| Additional paid in capital | 3,183 | 2,687 | 2,481 | ||
| Accumulated other comprehensive income (loss) | (0) | 0 | 0 | ||
| Accumulated deficit | (3,104) | (2,946) | (2,572) | ||
| Stockholders' equity attributable to noncontrolling interest | 62 | 91 | 125 | ||
| Total stockholders' equity: | 141 | (168) | 33 | ||
| TOTAL LIABILITIES AND EQUITY: | 1,454 | 1,323 | 1,390 | ||
Income statement (P&L) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|
| Revenues | 794 | 785 | 742 | |
| Revenue from related parties | 8 | 228 | 32 | |
| Cost of revenue | (628) | (688) | (625) | |
| Gross profit: | 166 | 98 | 117 | |
| Operating expenses | (247) | (330) | (271) | |
| Operating loss: | (81) | (233) | (154) | |
| Nonoperating income (expense) | (7) | 6 | 3 | |
| Investment income, nonoperating | 1 | 6 | 4 | |
| Other nonoperating income (expense) | (8) | 1 | (1) | |
| Interest and debt expense | (92) | (100) | (86) | |
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 0 | 4 | (22) | |
| Loss from continuing operations before income taxes: | (179) | (323) | (258) | |
| Income tax expense | (0) | (1) | (2) | |
| Net loss: | (179) | (323) | (259) | |
| Net income attributable to noncontrolling interest | 19 | 18 | ||
| Other undisclosed net income attributable to parent | 22 | |||
| Net loss attributable to parent: | (158) | (304) | (242) | |
| Preferred stock dividends and other adjustments | (2) | |||
| Net loss available to common stockholders, diluted: | (158) | (307) | (242) | |
Comprehensive Income ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|
| Net loss: | (179) | (323) | (259) | |
| Other comprehensive income (loss) | (7) | (0) | 2 | |
| Comprehensive loss: | (186) | (324) | (257) | |
| Comprehensive income, net of tax, attributable to noncontrolling interest | 28 | 19 | 16 | |
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (19) | |||
| Comprehensive loss, net of tax, attributable to parent: | (158) | (324) | (241) | |
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.